New Delhi, November 13, 2021.
Makemyhouse.com an online architectural services platform provides a customized experience to everyone. The platform has a large collection of house plans and elevations to choose from which are entirely free to browse for the next home-building idea. Once a user/consumer likes an idea, it is easy to convert it into a complete set of drawings by adding that plan to your list. The User can directly use these designs to build or redecorate their house without hiring an architect. The app can also be used to create a customized house plan at a fraction of the cost suitable for the consumers.
Reflecting on their journey, Mr. Husain Johar, Founder and Creative Head, Makemyhouse.com India Pvt. Ltd, said that, ‘Our passion for designing coupled with the existing gaps in the industry and a large addressable market, inspired us to start Makemyhouse.com. With over 11 million new homes expected to be built by 2025 and around 13 million houses are not serviceable and needs to be restored. India is going to be third largest construction market by 2025 and The real estate sector is expected to touch $1 trillion and is going to be third largest employer after agriculture and manufacturing and a rapidly growing interior market, the opportunity for industry professionals including architects, interior designers, and civil contractors, is enormous. With Makemyhouse.com and its online-only approach, we are helping these professionals generate income irrespective of geography. Project owners, on the other hand, can build/renovate their homes or offices efficiently and cost-effectively. With over 14,000 projects completed and a loyal customer base of 14,000 customers, we have generated a revenue of Rs. 10 Crore and we hope to emerge as the leading player in the online architectural services segment in 2 years.”
Makemyhouse.com today announced record business growth driven by its expansion across the industry, and its vision for smart service development and delivery. Over the past year, Makemyhouse.com experienced a 60% increase in active recurring revenue, including a 36% expansion of existing customer ARR. Makemyhouse.com also grew its workforce by 30%.
The expansion strategy of Makemyhouse.com going ahead is to increase revenues by augmenting the headcount. The company is poised to grow its topline at a CAGR of 8% on a YoY basis in FY 2021-22 with a headcount growth of 15%.