Housing ministry launches e-commerce platform for real estate sector
Wednesday, January 22, 2020 IST
To win back the confidence of real estate sector, the housing ministry has launched an online platform to facilitate homebuyers in selecting and purchasing genuine properties. The portal will be open for 1 month for the real estate developers to register their projects and then will be opened for homebuyers with a 45-day sale peridot starting February 14, 2020.
To bring the trust back in the real estate sector, housing ministry launched an e-commerce platform to facilitate homebuyers in identifying genuine properties.
The online platform is for projects that have received occupancy certificates (OCs) and is expected to create a seamless, safe and transparent home-buying experience for home buyers. The ministry official said that it will create positive sentiment for the real estate industry, boosting confidence and faith amongst home buyers, enhancement of liquidity flow in the industry and contributing to growth of the economy.
After the launch, the portal will be open for one month only for the real estate developers to register their projects following which the portal will be opened for home buyers with a 45-day sale peridot starting February 14, 2020.
The objective of e-commerce platform is to bring transparency in the sector and offer only certified projects.
“The sector has gone through turbulent times so far. With improving sales and a recovery that we have witnessed in the past year, it is time that the industry joins hands and helps the consumer quickly make a purchase decision.
The portal is designed for the all industry stakeholders with a powerful backend platform which manages and displays the most accurate inventory data in the market, and allows buyers to book their flats directly online,” said Niranjan Hiranandani, national president of National Real Estate Development Council (NAREDCO).
The portal ‘HousingForAll.Com’, will help buyers in accessing best priced inventory by builders for a limited time to take full advantage of best pricing. Buyers will be able to view complete listing info including floor plans, room dimensions, video tours of units and external views looking out from windows / balconies.
Buyers will also be able to directly book/reserve a unit from the portal with a refundable payment of only Rs 25,000. They will also get 'Money Back Guarantee', where their initial buyer deposit made on portal is completely secured and fully refundable in case buyer elects not to purchase the unit. Customers will be immediately notified if any units they have shortlisted are already sold.
“The rising levels of transparency and professionalism in the India’s real estate market has made it attractive for domestic as well as global investors. HousingForAll.Com is yet another effort in garnering support of today’s smart consumer, who wish to buy in quality projects. This way, developers have a platform, where homebuyers will have an option to buy from some of the finest projects of reputed developers,” said Rajeev Talwar, Chairman, NAREDCO.
Related Topics
Trending News & Articles
More in
We recently announced that Golden I will now be Managed and Operated by Ocean Infraheights Pvt. Ltd.,
Recently posted. 989 views . 0 min read
Ocean Infraheights unveils Golden I, a premier Mixed Use development in Greater Noida West, offering office spaces, Retail, Corporate Suites and residences with a...
Recently posted. 1K views . 3 min read
Realty firm Godrej Properties on Friday launched a luxury housing project at iconic R K Studios’ land in Mumbai.
Recently posted. 458 views . 1 min read
Recently posted . 767 views
Recently posted . 750 views
Recently posted . 3K views
Recently posted . 2K views
An NRI, who wishes to buy a property using a home loan, in India, should be aware of the taxation and foreign exchange regulations. We look at the dos and don&rsquo...
Recently posted. 507 views . 1 min read
"We plan to exit from Cent Bank Home Finance. The bank already provides housing loans, and so, we feel that there is no need to have a housing finance subsidia...
Recently posted. 489 views . 1 min read