Yadav will not be an employee or part of the SoftBank backed portal in any manner, the company said.
"Housing.com has released its CEO Rahul Yadav, with immediate effect, after a regular board meeting, held earlier today," it said in a statement.
"Yadav who is also the co-founder of the company, will no longer be an employee of Housing and be associated with the company in any manner, going forward," it added.
The board, unanimously agreed to bring Yadav's tenure to a close, with reference to "his behaviour towards investors, ecosystem and the media".
"The Board believed that his behaviour is not befitting of a CEO and is detrimental to the company, known for its innovative approach to product development, market expansion and brand building," the statement said.

Yadav has been in the thick of a controversy after he put in his papers questioning the intellectual capability of his company's board. Later, he apologised to the members.

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