With over $120 Bn in revenues, the real estate market is Huge. The total contribution of the real estate sector to the national GDP has been estimated to be about 6.3 per cent in 2013 and is the second largest generator of economic activity after agriculture, as per reports. High revenues is proportional to number of players and thus the competitors.
When Ivy League graduate, Priya Maheshwari wanted to buy a house in Bangalore after re-locating from the Bay Area, California, all she could find were listing websites or property marketing websites. From this personal pain point, Priya collaborated with IIM alumni – Guruprasad Bangle and Naveen Galithoti in beginning of year 2013 and launched Properji in August 2013 to be a pro-buyer online real estate portal.
While in India, there are already property listing sites and even property marketing sites, Properji is trying to bring whole new concept, as when we go through the website it display the ratings of builders & properties with facts which is unique to it. This makes it different from listing site like 99acres, Housing.com, Magicbricks etc and property marketing sites like Indiahomes, Proptiger etc.
“Our vision is to be a trustworthy partner for home buyers in India by presenting them with fact-based independent research and building a team of highly qualified pro-buyer property advisors,” says the company.
What All It Does?
Properji provides consumers with fact-based independent research reports on properties and brokers. Consumers can choose subscription packages and accordingly, Properji team of senior property advisors assist the users.
Fraud Protection Scheme: It has assured users that it will cover up to Rs.1 Cr in case any intention of fraud by the property developer is detected for the property transaction done through Properji.