Competition does not bother Commonfloor's CEO Sumit Jain

When asked how he reads competition like Housing. com, that has had its share of headlines in recent times, he says, "I have very less clue about the competition.” He explains, "It’s a distraction for us. We are only putting our head down and focusing on our work. You get to read about things for entertainment purpose, that’s a different thing.”

But on whether this competition has made valuable inroads in the same space, Jain had this to say. "They are the hot chick in town and we are the girl you finally marry. You find the properties on Commonfloor. The product is not about what is good looking. It is about what delivers.” Jain adds that there is currently a lot of hype about the housing space, but the real problems are yet to be solved. In industry terms, it’s time to go back to the drawing board.