Dhruv Agarwala Steps Down as CEO of REA India After 14 Years

Published: April 3, 2025

In a significant development in the real estate technology sector, Dhruv Agarwala has announced his resignation as CEO of REA India after a distinguished 14-year tenure. Agarwala, who co-founded PropTiger in 2011, has been instrumental in transforming India’s digital real estate landscape.

He came up with new ideas that made Housing.com India’s most popular real estate website and helped millions of people across the country buy houses. As a star in digital real estate, REA India became even stronger when it bought Housing.com and integrated it with the rest of the company thanks to Agarwala’s help.

Also read: Retirement Age of PM in India – Exploring the Legal and Political Landscape

While thinking back on his path, Dhruv Agarwala said, “Leading REA India has been an amazing experience.” It has been an amazing journey from starting PropTiger to making Housing.com the best digital real estate website. My time is up. It’s time for new people to take over and move the company forward. I think things are going well for REA India and hope they keep going that way.

Dhruv Agarwala’s work was praised by Owen Wilson, CEO of REA Group. He said, “Dhruv has been instrumental in driving REA India’s success. The company is now a market leader thanks to his vision and drive to be an entrepreneur. He has also pushed for new ideas and set the company up for more growth. The real estate business will be changed for a long time by what he did.”

During the transition time, Agarwala will continue his role and assist in the search for his successor, and ensure a seamless handover. REA Group has initiated a comprehensive selection process to appoint a new CEO.

Also read: Pakistan Army Violates Ceasefire in J&K’s Poonch; Indian Army Retaliates Effectively

Under Agarwala’s leadership, REA India reported a 46% revenue growth to 64 million Australian dollars (₹357 crore) in the first half of the 2024-25 fiscal year ending June, significantly reducing losses. The company’s revenue grew 31% to ₹563 crore in the 2023-24 fiscal year, up from ₹430 crore the previous year.

Dhruv Agarwala is leaving REA India, but the company is still committed to strengthening its digital-first approach, making user experiences better, and staying at the top of the Indian real estate market.