OLX strengthens presence in India's real estate

It has witnessed tenfold increase in average ticket size of projects listed on the platform from Rs 20 lac to Rs 2 crore and reveals its business plans to expand to 25 cities in India backed by doubling the headcount of the sales team in 2019. Riding on the back of this growth, OLX has also doubled its revenue from business listers on the platform especially from premium developers who list high-value projects upwards of Rs 1cr+. Business listers on OLX have also doubled their spends in 2018 vs 2017, showcasing OLX as a preferred marketing channel for the real estate industry in India.