India: Housing aims at $10m in revenue this fiscal year

Jason Kothari, chief executive, Photo: Aniruddha Chowdhury/Mint

Mumbai-based Locon Solutions Pvt. Ltd that operates the online real estate portal is looking to touch $10 million in revenue in the current financial year with a monthly growth rate of 200%. The company, which began its new monetizing strategy in January this year, makes money by advertising revenue where property listers pay for greater visibility of their properties.

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