<div>Housing.com co-founder and CEO Rahul Yadav's resignation news on Thursday (25 June) sparked a buzz on the social media platforms.<em> Economictimes.com</em> quoting two people directly aware of the development said this time his resignation will be accepted by the board of the real estate portal, .<br><br>However, both Housing.com and economictimes.com later denied that Yadav has resigned.</div><div> </div><div>Yadav, 26, who has been involved in a string of controversies, will be asked to stay on at the company and oversee product development. </div><div> </div><div>In May this year, Yadav resigned as the CEO of Housing.com, capping several weeks of drama at one of India's most watched startups. </div><div> </div><div>Yadav wrote a scornful resignation letter on April 30 to board members and investors denigrating their "intellectual capability" and giving them a one-week deadline to "help in the transition". </div><div> </div><div>The portal shot to fame as one of India's startup success stories after Japan's SoftBank led an investment of $90 million ( Rs 550 crore) in December, valuing it at Rs 1,500 crore. Since then, Yadav has been in the spotlight for the wrong reasons — he became embroiled in a social media dust-up with Sequoia Capital Managing Director Shailendra Singh.</div><div> </div><div>Housing was founded in 2012 by a dozen college-mates from IIT-Mumbai, of whom three have left the company.</div>
