Many startups have come up with modern solutions to take real estate businesses online by launching their applications and websites. Where individuals can browse property on their phones and laptops.
Those days are gone when Buying or selling a property in India was a messy affair. These days whether purchasing or selling people don’t have time to do proper research to look for available options according to their needs, and compare them, which ends into bad deals.
However, some take the help of agents for finding property because they have better understanding of the property market and their rates. But it is also an inefficient practice as almost 5-6% of the selling price goes to the estate agent as their commissions.
So, if you look at the market, what are the best available options?
You decide what best available options in the market are by looking through pictures of the property, surroundings, locations, and many other customers’ queries and compare them for the final selection in the end on online portals for real estate.
We, will, get to know
Market Size for Online Real Estate in India
Well known billionaire Andrew Carnegie once said that 90% of millionaires got their wealth by investing in real estate. It is one of the most globally recognized markets, even in India, it is estimated to value at Rs 12000 crore (US$ 1.72 billion) in 2019, and it is expected to grow by 19.5% CAGR from 2017 to 2028, and will grow to Rs 65000 crore by 2040. Housing sales reached 2.61 lakh units in seven cities across seven major cities in India.
Best Online Marketplace to Buy or Sell Real Estate Properties
Let’s check further the best online marketplace available in India to buy or sell fast in the best authentic way, which also reduces your cost of hiring an agent as well, and gives you the best deal in the market. These given below applications as well as websites are providing the best deals in the Indian market.
Magicbricks.com is undeniably the number 1 brand in the real estate online marketplace in India. It is a division of Times Internet ltd., a whole subsidiary of Bennett, Coleman & co. Ltd., and has almost more than 10 million-plus downloads and has a 4.1 out of 5 ratings on Google Play Store. It was launched in April 2011 and since then; it is providing amazing properties for buy and sale.
It’s a common platform for property buyers and sellers to locate properties of their interest in India, and also provide information regarding property-related issues.
Magicbricks.com also launches Human Sentiment Index with the collaboration of IIM- Bangalore for property-related surveys in India, and apart from that, they also launched the concept of property pulse which highlights the property related news, Home loan concerns, legal & taxation issues, and opinion & view of experts & analysts. Its Alexa rank is 221.
99acres is the second-largest property portal in India’s online marketplace and oldest in this list. It is managed by the info edge India which was established by Sanjeev Bikhchandani which has its headquarter in Noida. This real estate based startup’s website was launched in 2005.
It also has a filter known as listing quality, which helps in finding results to houses with photos, or videos, or only properties that 99acres person has physically verified. That saves you a lot of your time while searching for authentic properties.
The application also has Map mode which shows nearby parks, schools, bus stands, airport, ATM, etc., but it has some lags while showing information, and problems like in quick loading of the results as well. So, if you are using 99acres, stick to the list mode, it has every information that you need. It is known for its genuine database and its Alexa rank in India is 194. With more than 5 million-plus downloads and a rating of 4.3/5 in the Google play store.
It has won various awards in the real estate category:
– Most admired real estate portal-CMO Asia Awards 2012
– Best real estate portal – BCI awards 2012
– Best online realty portal – accommodation times awards 2012
Housing.com was founded by a group of twelve students studied at the Indian Institute of Technology, Bombay. It is a Mumbai based real estate based startup started its operations in 2012 and now; this company has 6000 brokers and serves in nearly 40 cities in India. It has around a rating of 4.4 out of 5 and has around 5 million-plus downloads on the Google play store.
It helps in searching properties based on geography, the number of rooms, and various other filters. The success rate of buying and selling property is also high due to the reliability of the database. Search results are based on the area based listing, availability of rooms, and child-friendliness index (CFI). All properties are submitted by the owner or brokers on the interactive map. Its Alexa rank in India is 388.
Commonfloor.com is an Indian real estate portal which was founded in 2007 by three computer science graduates – Sumit Jain, Lalit Mangal, and Vikas Malpani from IIT Roorkee and J.S.S. academy of technical education, Banglore. They have received funding from Google Capital in 2015. In April 2014, Commonfloor acquired Flat.to, a startup for helping bachelors in finding a rented home.
Commonfloor.com started its operation as an apartment management solution provider and then entered into a real estate platform where it provides property search, apartment management, and vendor management.
It gained popularity in no time, and became popular in the top cities of India. It has 1 million plus downloads on the Google play store. Its Alexa rank in India is 950.
Makaan.com is an online real estate portal in India launched in the year 2007. It is a part of Anupam Mittal promoted People group. Another venture owned by this group is Shaadi.com & Mauj.
It comes with the options of Chat Interface and has a very good looking interface for searching for properties. Even you can add or remove filters while searching that can help you in getting suitable results fulfilling your needs.
It offers various services on their portals like:
– Map View of the area of your home, so you can check the location of your new home.
– Neighbourhood and Locality analysis, where you can check the surrounding of the area and look around the connectivity of the area with other places.
– MakaanIQ, helps in accessing articles and other resources that help in making wise decisions while investing in any property.
It has more than 500K downloads on the Google play store, and its Alexa rank in India is 841.
Sulekha properties is a famous real estate website that suggests and gives proper guidance to the customer related to real estate issues that can help in finding a new home. It is an ideal website if you are looking for a home in small cities. This site is free of cost and at the same time, it provides the best options for the advertisement on their site for the buy and sells across India.
Sulekha is always known for keeping on improving their services and working hard with their customers to overcome various issues related to real estate. Its Alexa rank is 404 in India.
Nobroker is one of the online rental websites where you can buy or sell property, but it is more famous for renting out a property than the sale of the property. It connects property owners with property seekers directly.
But, it has its limitations as this business model works better than its rental property sector because, in the rent sector, the tenant gives brokerage, while in the buying segment developer takes care of agent brokerage not imposed on the end buyers.
Nobroker revenue model is completely different from the other startups as in the Nobroker business, end users have to pay money for their subscription for viewing contacts of the homeowners, whereas owners can list the property for free of cost.
Nobrocker has 5 million-plus downloads on the Google Playstore and has a rating of 4.4 out of 5. Its Alexa rank is 398 in India.
Indiaproperty.com was founded in 2006 with the objective of simplifying the buying and selling of property. It is a famous real estate website.
They help property seekers in finding their new home by offering them various options on their online marketplace and also guide property sellers by making property selling online simple on their platform by providing various marketing solutions. Like Commonfloor, India property uses technology for 3D floor plans and virtual tours.
They provide well-researched market reports regularly and give genuine advice to the home buyers for their new purchase. The USP of this platform is details that they provide for the particular city and present all information to the users, that they need while buying any property. Its Alexa rank is 7904 in India.
Quikr comes in the list of India well-known sites who have verticals like quikr easy, quikr bikes, quikr cars and quikr bazaar. For the real estate market, they started another vertical called “Quikrhomes” to make this sector more crowded. Same as others it also provides the facility of buy, sell and rent.
This platform provides data against each listing which makes it very user friendly and also very user-friendly to use.
Another positive feature of this site is that the majority of the house owners make clear in property description about tenant choices, so home seekers get detailed information.
Propertywala.com is one of the real estate websites in India to list your property online in India. They offer a free listing for individuals looking for buying a new property, while paid service to builders and agents.
It has listed thousands of properties, but the website is not much user-friendly and doesn’t give that intuitive feeling to visit the website again. Its Alexa rank is 3521.
RealEstateIndia.com has been serving the needs of the real estate industry in India since 1997. This platform is designed to meet the needs of buyers, sellers, and brokers of Indian properties. It is headquartered in New Delhi.
Here, you can use this site for discussing properties. They will advise you regarding how much money one should invest in online real estate.
Above, we discussed Indian websites that can be useful for someone looking for a deal in properties. A study claims that buyers spend an average of 6 months to buy their first house, so the seller also has to plan their marketing on these websites around this duration. One has to choose the right websites for listing and finding new properties. While selecting websites, there is a need to find the answer to the following questions:
– Which has good monthly traffic in your locality?
– Do real estate websites generate leads? Check their past performance as well
– Do they give any Sales Assurances to sellers if you select their premium facilities?
– How much to spend while using their platforms?
These are the four basic things that need to be considered while choosing your online real estate websites before listing your property.
You can also check out this interesting article with latest online business ideas that you can start in India in 2021. Please let us know about your thoughts as well.