Property Adviser – Hyderabad Property Directory with a Difference6 months ago Surya Vallae
It wasn’t long ago that we booked the train and bus tickets by visiting the stations. It wasn’t long ago that we had to go to the government offices for filing applications of various kinds to interact with the government. It wasn’t long ago that we used to go shopping as a family. But not anymore. India is adopting digitization rapidly. Retail, travel, and banking are some of the sectors that are heavily profiting and realigning due to technology innovations. However, some sectors of India have remained outside digitization to date, and realty is one of them.
We are bringing you the story of Property Adviser, the first startup that makes buying a home an easy, data-driven, and assisted decision. A startup that many home buyers vouch for.
All realty information portals in India are paid listings. It means that the project owner has to pay money to the portal to get the property listed. So, many projects that were sold on the strength of the project owners or their past record were never listed on the portals as are the small projects whose owners never understood the importance of getting listed on a realty portal. As a result, individual investors who buy a home or two are not being served.
Though many construction houses and independent builders (aka project owners) list their projects on realty portals, the information available is not enough to take a decision.
Choosing a residence is heavily influenced by the infrastructure surrounding the project. Lack of useful information about the surroundings is the first pain point for retail buyers. For example, even though a listed project sometimes mentions the nearby landmarks, the descriptions are never enough to perceive the surrounding areas of a project. To get this information, a buyer has to tour each project that she likes.
Once listed, the project information is rarely updated. For example, the number of units available for sale in a project, the current price, and other similar details are seldom updated.
As if searching real estate projects is not a task enough, the challenge of duplicate listings and projects that are sold out add to the chaos. The information becomes a juggernaut as more projects get listed on the portal.
Ravi Kumar Bandlamudi saw the opportunity that bridges these gaps and founded Property Adviser in June 2015. Later, Mrs. Anupama Bandlamudi joined him as the co-founder. As of today, the Property Adviser is bootstrapping.
Property Adviser (https://propertyadviser.in/) is a directory of real estate projects with intuitive search filters geared for home buyers. It gives first-hand, verified information to all users on every residential project that is under construction or ready for occupation in Hyderabad. The website contains more than 2200 projects and has about 1000 unique visitors every day.
Creating a Memorable Customer Experience
The listing of a project starts when the Property Adviser teams visit and collect the information from the realtor and tour the sites. They take photographs and gather the details about the stage of construction, floor plans, amenities, number of available units, and so on.
After the property is listed, the team visits the site every month to capture the progress of the project as well as the surroundings. The project’s page and Property Adviser blog pages are updated with the information gathered from these field visits.
Property Adviser has a user-friendly interface with filters such as budget, size, location, availability, facing. The Favourites option lets you shortlist a project and add it to your favorites list. PA notifies you whenever there is an update so you can track the progress of your favorite project.
For those who are not familiar with the digital processes, the Property Adviser’s advisory team is a blessing. The team helps home buyers select properties, tour them, and choose the best property. The method of combining offline and online services is bringing even the offline home buyers into the fold of Property Adviser. These advisory services are free for the customers.
The dream of Ravi to create a one-stop real estate directory is taking shape well. In the past three years, the number of projects listed on the website stands at 2200, 95% of projects are updated. Plus, the website has over 1000 unique visitors per day. Also, the Property Adviser releases a fortnightly print edition with real estate news, developments, and field data. The publication is very popular among the home buyers and real estate developers. (You can find the e-version at https://propertyadviser.in/Epaper.)
Property Adviser team is testing RAISE (Real Estate Analytics Intelligence Smart Engine), the data-driven platform for the real-estate sector. The platform offers data-driven real-estate intelligence to buyers, sellers, builders, brokers, bankers, investors, and so on.
Very soon, Property Adviser will be setting up bases in Vijayawada and Visakhapatnam to bring the real estate sectors of these megacities into its orbit. Also, the Property Adviser platform is also getting enriched with many features that help buyers and realtors.
Mr. Ravi Kumar Bandlamudi is the founder of Property Adviser. He worked with MNCs in the IT industry for over 16 years across India, Singapore, and the USA.
After returning to India in 2009, Ravi decided to follow a semi-entrepreneurial path by starting a real estate franchise with Remax, a US-based company in real-estate sales. The franchise helped Ravi understand the gaps and the opportunities, and he went on to launch Property Adviser (https://propertyadviser.in/) in 2015 in T-Hub, Hyderabad.
Today, Ravi is a happy soul. “I have always wanted that the real estate sector is digitised and investor-friendly. And Property Adviser contributes extensively to this dream. We are also riding the right wave at the right time as Property Adviser is in line with the central government’s Smart Cities and Digital India Initiatives.”