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Because of demonetization, Housing is relaunching rental listings

Online real estate portal Housing.com is re-launching rental listings after it suspended home rental business in November 2015. Last year the company claimed that the closure of its rental business was a “strategic decision” in order to focus more on the home buying & selling segment.  It plans for re-entry by early next year, although an exact timeline was not provided. Housing said in a statement that the government’s demonetization move is expected to cause a major slow-down in the home-buying and selling segment. This would likely shift growth to the home rental space, “making it an opportune time to re-launch the rentals business,” the company added. “While the Company had planned to re-launch rentals towards end of next year, the government’s recent demonetization move has led to an advancement in the plans,” Housing said in its statement. Compared to…

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