How NoBroker’s Saurabh Garg 'squashes' stress on week

1
How NoBrokers Saurabh Garg 'squashes' stress on
week
If you want to work out the mind and the body
alike, there is no better game than squash, says
Saurabh Garg, Co-Founder and CBO at NoBroker.com,
one of Indias best-known peer-to-peer real
estate portals. The sport that he is so
passionate about is no gentle game where a player
knocks a ball around, hoping to de-stress and
feel good. This high-pressure, high-speed game
needs great skill and agility, because you need
to retrieve a ball that is coming at you at 100
miles an hour and hit the ball onto the playable
surfaces of the four-walled squash court with as
much power as you can muster. The game continues
between two or four players and it is believed
that the player who commands their mental and
physical powers in the best way possible, usually
wins the game. In Bangalore properties are
available for Sale in bren starlight. Looking
back An alumnus of IIT Mumbai and IIM Ahmedabad,
Saurabh began playing squash during his teenage
years as there was a squash court nearby. Work,
however, took him to many cities where he could
not pursue the game so easily. After spending
almost three years with the Sales and Marketing
team at Hindustan Unilever Limited, he took an
entrepreneurial leap with a company called Four
Fountains De-Stress Spa.
2
Indian Real Estate comes out of Quarantine
NoBroker
According to a recent survey conducted by
Nobroker.com, Indias leading C2C platform for
real estate needs, 65 of consumers believe that
it is the best time to buy a home as property
prices have been constant for few years, home
loan interest rates are low and many builders are
offering great discounts. With most professionals
working from home, and greater time at their
disposal, they have the much-needed time to do
the preliminary research . Although the outlook
for real estate looks less promising due to the
current pandemic, about 54 of consumers are
expecting a significant drop in the prices of the
residential properties as the market currently
has a lot of unsold inventory. Consumers are of
the view that developers would want to get rid of
piled up inventory to boost their cash
flows. The purpose of the survey was to check
the impact of Covid-19 on consumer sentiment. It
was given out to potential buyers (who are
currently searching for properties on our
database) and tenants to understand how their
priorities have shifted. 11,580 people responded
to the survey. It was conducted across the cities
of Bangalore, Mumbai, Pune, Hyderabad, Chennai
and Delhi NCR. If youre interested in finding a
rental apartment to live you can choose nirvana
country gurgaon is a good place to find an
apartment. Consumer considerations Budget,
safety and water supply stood out as key
considerations for finalising a property. About
36 of consumers are looking to purchase a house
within 3 months timeframe and nearly 28 are
looking at a timeframe of 3-6 months. Consumer
preferences 59 consumers have stated that would
prefer to live in an apartment society over an
independent house as societies offer more
amenities. Also water supply, groceries, power
back- up and safety are less of a concern in a
society. As many as 92 are looking to buy
residential properties. NoBrokers annual survey
indicated a steady rise of interest in commercial
properties as an investment option. But the
current crisis has tilted the choice in favour of
residential accommodation. 86 consumers prefer
ready-to-move in homes as there is some amount of
distrust in under-construction projects due to
uncertain timelines. Unavailability of
construction workers has worsened the situation
in some scenarios. 2BHKs are still the most
popular choice for about 48 of
consumers. Improvisation in times of
quarantine Interestingly, many consumers have
quickly adapted to shortlisting of properties via
video walkthroughs. 45 consumers have cited that
the process is less time-consuming, economical
and more efficient.
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Roadblocks Job uncertainty and liquidity crunch
were cited as the major hindrances in buying a
house. This is also probably why there is greater
demand for houses within the budget of INR 60
lakhs. It is also probably why 79 of consumers
are looking to purchase a property without using
broker services. The current situation has
allowed some doubts to be crept in but it has
also brought consumers closer to realising the
importance of owning a home. As India unlocks
slowly, the lower interest rates and good deals
have created a pent-up housing demand and many
buyers believe its a great opportunity to buy
their dream home.
4
K'taka Minister R Ashoka says landlords cant
take rent during lockdown, sparks
row BengaluruMumbai A senior minister in
Karnataka sparked a controversy on Monday by
saying landlords cannot collect rent from tenants
during the lockdown. R Ashoka, revenue minister
in the Karnataka government, said action will be
initiated against house owners if they demand
rent from tenants or force them to vacate the
property due to non- payment. In such a
situation, extreme action can be taken against
the house owners and they .. As per online real
estate platform Nobroker.com, Bengaluru has 2.9
million houses on rent, which includes apartment
flats, small gated societies and standalone
houses. According to an estimate, these
properties generate about Rs 4,060 crore of rent
per month. In Mumbai properties are available for
rent in lodha fiorenza. Any change in
regulation will impact this massive amount of
rental amount the city pays and receives, said
Amit Agarwal, CEO at NoBroker.com. Though the
Karnataka Rent Contro ..
5
Mumbai Real Estate Only 11 prefer broker
service while purchasing house reveals report
Mumbai No-broker.com one of the largest and
leading peer-to-peer real estate portal,
in its report titled India Real Estate
Report 2019,' has revealed that only 11
per cent of consumers are willing to purchase
a property through a middleman. This rising trend
of the online portal has increased because it
gives consumers greater control to search for
homes instead of depending on brokers. The
report further mentioned that with an inventory
of properties being available and the option of
contacting the owners directly, buying a house
through a broker has seen a decline of 11 per
cent against 14 per cent in 2018. Moreover, the
report revealed that 35 per cent people prefer to
find a house through friends and relatives, 28
per cent via real estate websites (uptake from 15
per cent in 2018) and 26 per cent via To-Let
boards. Interestingly, this has led to a
saving of Rs 1,154 crore in brokerage in
2019 across Mumbai, Bangalore, Pune, Chennai
and Hyderabad. Mumbai No-broker.com one of
the largest and leading peer-to-peer real
estate portal, in its report titled India
Real Estate Report 2019,' has revealed that
only 11 per cent of consumers are willing to
purchase a property through a middleman. This
rising trend of the online portal has increased
because it gives consumers greater control to
search for homes instead of depending on
brokers. The report further mentioned that with
an inventory of properties being available and
the option of contacting the owners directly,
buying a house through a broker has seen a
decline of 11 per cent against 14 per cent in
2018. Moreover, the report revealed that 35 per
cent people prefer to find a house through
friends and relatives, 28 per cent via real
estate websites (uptake from 15 per cent in 2018)
and 26 per cent via To-Let boards. Interestingly,
this has led to a saving of Rs 1,154
crore in brokerage in 2019 across Mumbai,
Bangalore, Pune, Chennai and Hyderabad. Saurabh
Garg, co-founder and chief business officer, No
broker.com, speaking to the Free Press Journal
commented, "It is a positive move. Also, the
prices of properties are stagnant for the last
few years and the interest rates on home loans
are low now, which are the driving factors for
home buying trends in the market in 2020. Also, a
large percentage of people are interested to buy
a ready to move in property. Eventually, when a
home buyer makes a decision, they reach the
online media for their search. An online real
estate portal gives a lot of options and the
buyer can filter their requirement accordingly."
In Bangalore properties are available for rent
in salarpuria sattva east crest.
6
Explaining this he stated that, for instance, if
a buyer wishes to buy a property in Bandra, he
can just filter the desired location, select the
price range and he will see a range of
properties, which might not be the case when
he physically hunts for a property. Also,
the broker would only prefer to show those
properties in which he might have a profit share.
In such cases, the home buyer will have
selective houses to choose from. This will
be prevented while looking for a property
online. Besides this, the report has also found
that good water supply and proximity to public
transport are the most important factors
while buying a house. About 83 per cent
of people considered water as the most
important need and about 59 per cent of people
replied that public transport is a major factor
while buying a house. Similarly, 58 per cent of
people have cited the availability of car parking
as one of the key factors when looking for
accommodation.
7
NoBroker acquires Society Connect in an all-cash
seal
NoBroker, the customer-to-customer real estate
portal, has acquired Society Connect in an all -
cash deal. With the acquisition, NoBroker aims to
further strengthen its hold in the visitor and
community management space where it already has a
strong presence with its app NoBrokerHood. The
announcement comes two months after NoBroker
launched its services in Delhi -NCR. Society
Connect, a technology mapped platform for society
management, is a leader in Delhi- NCR and
adjoining regions with over 500 societies that
are using its platform to facilitate easy
living. NoBroker intends to hire all of Society
Connects employees to combine efficiencies of
their ERP system along with Nobrokers own
visitor and community management app,
NoBrokerHood. NoBrokerHood was launched in 2019
and is deployed by 1000 societies across
Bangalore, Mumbai, Pune, Hyderabad, Chennai, and
Delhi-NCR. Speaking on the acquisition, Akhil
Gupta, Co-Founder and Chief Technology Officer of
NoBroker.com, said, Our focus has been to
provide end-to-end solution for all aspects of
community management and simplify apartment
living. Society Connects accounting and payment
solutions are unparalleled and will strengthen
NoBrokerHoods suite of services. NoBrokerHood
will become a single software for a host of
services such as accounting, facility management,
security, maintenance requests, communication and
visitor management requests that enhance society
living experience. Amit Agarwal, Co-Founder and
CEO of Nobroker.com, said, We are happy to have
a brilliant team and product on board and hope
that this move would combine the capabilities of
two players that are working towards making
apartment living a hassle-free experience. The
specialised solutions built by Society Connect
would help achieve greater transparency and faster
8
redressal for the residents. This acquisition
falls in line with our endeavour to be the one
-stop shop for all home-related consumer
needs. Society Connect is currently deployed
with realty players such as DLF, Unitech, Omaxe
Group, Ashiana Group, Supertech Group, Nirvana
Country, Tatvam Villas, Exotica Group, Ireo Grand
Arch, ATS, Bestech, Vatika Greens, Belmonte, and
many more. It generates maintenance bills upwards
of Rs 350 crore per annum. We are happy and
honoured to synergise our services with a leader
like NoBroker.com that has won consumer trust
with their unique value proposition of zero
brokerage, said Shobhna Arora, Co-Founder of
Society Connect, commenting upon the association.
In Hyderabad properties are available for sale
in raj apushpa eterna Sourav Mukerjee,
Co-Founder of Society Connect, said, We look
forward to bring our financial competence to
NoBrokerHood to digitally transform and
streamline activities for a smooth user
experience.
9
NoBroker expands to Delhi NCR aims to be present
in 20 major cities over next four years NEW
DELHI NoBroker.com, a brokerage free property
platform, on Wednesday announced its entry into
the Delhi-NCR market and aims to have presence in
20 major cities over the next three-four
years. In October, the Bengaluru-based firm
raised 50 million in Series D funding, led by
Tiger Global Management, for business expansion.
It has raised 121 million since its inception in
2014. NoBroker.com helps in buying/selling and
renting of housing and commercial properties by
connect .. If you are looking for best place to
live with your family you can choose rooms for
rent in gurgaon Since its launch in New Delhi,
NoBroker.com has already garnered 62,000 consumer
registrations and over 27,000 listings on the
platform. It has, thus far, facilitated over 1100
deals in the region. On operational front,
co-founder Amit Kumar Agarwal said the company is
facilitating 20,000 transactions per month, of
which 85 per cent are for rental. Asked about
revenue model, Agarwal explained that the company
earns money by charging for premium service which
is providing a phone relatio ..
10
NoBroker Launches A New Feature To Enable
Brokerage Free Buying Selling Of Properties
In order to source only genuine properties for
its listing, NoBroker also offers title
verification at a nominal cost. This means it
will get an EC (encumbrance certificate) for the
property so that the buyer is rest assured about
the genuineness of the property. We have
already established our position as the only
portal to assist our customers in hassle- free
transactions in the rental space without the
intervention of brokers. We now want to extend
the services in the resale market, where there is
a huge demand, Amit Kumar Agarwal, CEO and
Cofounder, NoBroker told Inc42. Currently, the
total brokerage market in the rental and resale
spaces is as huge as 6 billion in India. With
the launch of brokerage free buy/sell for the
first time in India, we are set to further
disrupt and redefining the real estate sector,
he added. . If you are looking for affordable
rental flats to live you can choose tvh ouranya
bay in chennai NoBroker was founded by Amit
Agarwal and Akhil Gupta. It was conceptualized in
late 2013 and the website was launched in March
2014. It was angel funded by Saurabh Garg
(co-founder of Four Fountains De-stress Spa), who
also acts as a mentor. Early this year.
11
NoBroker launches grocery store in 4 cities to
supply daily essentials
Online real-estate rental startup NoBroker
launched grocery services on its integrated
visitor and community management app NoBrokerHood
to enable society residents to order groceries
and daily essentials on the app and have them
delivered at doorstep. It is a community-level
initiative and the service would provide
last-mile delivery to society residents as most
kirana stores are not doing door to door
deliveries due to lack of delivery fleet.
One single consignment for the entire apartment
optimizes deliveries. Akhil Gupta, Co-founder and
Chief Technology Officer of NoBroker.com said,
As the country is fighting the spread of the
pandemic, we are glad to offer a service that
would be of utmost use to our customers in the
current crisis. We endeavor to ensure that our
consumers do not have to struggle for essentials
such as groceries and vegetables. Through an
online click on NoBrokerHood app, they can avail
daily necessities from the comfort of their
homes. NoBrokerHood was launched with the aim to
make society living a hassle-free and comfortable
experience. We have innovated this solution in
record time and hope to solve a key problem that
most residents are facing due to lockdown, he
added. In Bangalore properties are available for
rent in purva skywood The store was launched
in one day and NoBrokers tech team
managed to build it overnight, he further
mentioned. The service has so far been launched
in Bangalore, Pune, Chennai and Hyderabad and
will soon be available in Delhi-NCR and Mumbai as
well.
12
NoBroker Launches Touchless Entry with face
recognition for ensuring protection from Covid 19
in housing societies
We would have seen countless sci-fi and
James Bond movies with facial recognition
technology as it is considered to be
cutting-edge, safest, and fool proof in
security systems. NoBrokerHood, the leading
visitor and society management app
by NoBroker.com brings the reel life
experience to real life with its latest
launch, Touchless Entry with facial
recognition technology. Touchless Entry is
designed to enhance the safety, security,
and convenience of residents in building
societies. The company has used the latest
technology and adapted it to give the users
a truly fool proof, intuitive, and no -
contact experience using the NoBrokerHood
app. The tech-driven company continues its
focus on bringing the technology of the
future to your home. Touchless Entry starts
with a Face Capture and your Daily Help
or servicemen will be added to the app.
Here, 3 scans are taken of the person s
face Left, Right and Centre to ensure
high accuracy. This is a one -time process
that takes less than 30 seconds. Once the
individual is added, every time they enter
after that they will just have to face the
guards mobile phone camera for a
millisecond. Touchless Entry is fool proof
and can process 5 faces in less than a
second! Once the scan is done and matches
with the records the entry is automatically
approved. This is much more secure and
faster process than any other technology
available till now. If you are looking for
affordable place to live you can choose ma
h a v e e r p r o me n a d e in
bangalore. All the information including face
scans are 100 safe and secure. The
feature is centred around users security.
It is not a third-party application which
means, it s completely made in India, by
NoBroker. The face scanning and processing
happens on the guard app in the device
itself. Very minimal information is
transferred and exchanged to the backend.
The information saved is an encrypted
representation of a face, and NOT an image
of a face. There is no way to recreate a
face using this high-level encrypted
information. Akhil Gupta, Cofounder and CTO
of NoBroker said, We noticed that the
entries and attendance done for domestic
help, and service staff, was done through
two me thods Passcodes and Fingerprint
scans (biometric). When you use the
passcode method to monitor entry, there is
a possibility that others can gain entry by
proxy. They could use someone elses passcode
and enter your building society. To fix
this issue, f ingerprint scanning was
introduced. This method is fool -proof and
eliminates the possibility of proxy entries.
But, when COVID-19 is causing chaos, we
wanted to find a way to eliminate touch,
without diminishing security. This technology
meant to revolutio nise the home security
system was built completely inhouse. Societie
s that are already using NoBrokerHood can
request a trial of this feature today! The
company is rolling it out to a few select
societies for free for a limited period.
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15
NoBroker partners with HDFC's payment app to
offer cashback on rent payment amid COVID-19
crisis.
NoBroker, countrys brokerage-free real estate
portal, has partnered with HDFCs payment app
PayZapp to offer rewards on rent payment. The
offer is valid on paying rent via NoBrokers rent
payment feature, NoBroker Pay, the company said
in a statement. With this partnership, tenants
can earn reward points on their credit cards
along with cash back of up to Rs 500. Customers
can earn up to Rs 30,000 through reward points
annually. Commenting upon the partnership, Akhil
Gupta, co-founder and chief technical officer of
NoBroker said, "We are working to come up with
solutions that would benefit our consumers in
these times when many people are suffering
liquidity crunch. Our team is consistently
working to minimise the impact of the current
crisis on our patrons." NoBroker Pay was launched
in December 2018 to allow payment of rent via
credit cards. At the same time, it allows
consumers to earn reward points on their credit
cards. Customers can even pay through UPI and
wallets via this feature. If you are looking for
Luxurious and modern flats you can choose
marathon nexzone in panvel (Mumbai). "The
platform has already noticed a spike in the
number of tenants using credit cards to pay their
monthly rent as it allows them a buffer period of
up to 45 days. By facilitating rent payment
through credit cards and offering cash back,
customers get an added bonanza that would remove
some financial stress," the company said.
16
Nobroker plans to expand commercial operations in
50 cities Riding high on rising demand for
commercial, office and retail spaces especially
from small companies, property portal
Nobroker.com has entered the segment and expected
this to contribute 30 per cent of revenue in a
few years, a top company official has said. The
company which is operational in Mumbai,
Bengaluru, Pune, Chennai, and Gurugram, is also
planning to expand its presence to the top 50
cities in the next few years. "There are over
42.5 million small and medium enterprises, which
are the biggest consumers of small commercial
properties in the country. There is also a huge
investment potential in the commercial real
estate market that offers a rental yield of 7-12
per cent, which is way higher than a residential
real estate. "Our entry is in line with the
rising demand for commercial office and retail
spaces, especially with the fall in rupee and the
rising interest from NRIs," founder and chief
executive Amit Agarwal told PTI. In the new
business, the company is targeting small
commercial units, offices and retail spaces in
the 100-5,000 sqft range. If you are looking for
Good Amenities and facilities you can choose
kanakia sevens in mumbai.
"Our typical tenants are owners of SMEs looking
to take on rent these premises for shops or
offices. The other customers are those looking to
enter commercial space for better rental yield.
We have also seen a lot of demand from NRIs
thanks to the rupee plunge and better yields,"
Agarwal said. As per estimates, currently, the
top 25 cities generate annual brokerage worth Rs
14,000 crore in the commercial rental, which is
growing at 13 per cent annually. Riding high on
rising demand for commercial, office and retail
spaces especially from small companies, property
portal Nobroker.com has entered the segment and
expected this to contribute 30 per cent of
revenue in a few years, a top company official
has said. The company which is operational in
Mumbai, Bengaluru, Pune, Chennai, and Gurugram,
is also planning to expand its presence to the
top 50 cities in the next few years. "There are
over 42.5 million small and medium enterprises,
which are the biggest consumers of small
commercial properties in the country. There is
also a huge investment potential in the
commercial real estate market that offers a
rental yield of 7-12 per cent, which is way
higher than a residential real estate. "Our entry
is in line with the rising demand for commercial
office and retail spaces, especially with the
fall in rupee and the rising interest from NRIs,"
founder and chief executive Amit Agarwal told
PTI. In the new business, the company is
targeting small commercial units, offices and
retail spaces in the 100-5,000 sqft range. "Our
typical tenants are owners of SMEs looking to
take on rent these premises for shops or offices.
The other customers are those looking to enter
commercial space for better rental yield. We have
also seen a lot of demand from NRIs thanks to the
rupee plunge and better yields," Agarwal said. As
per estimates, currently, the top 25 cities
generate annual brokerage worth Rs 14,000 crore
in the commercial rental, which is growing at 13
per cent annually.
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The brokerage from commercial market sales is
around Rs 7,000 crore. "We realised that after
successfully establishing ourselves as a key
player in the residential real estate, we are
ready to take the next natural step. We
understand the pulse of the market and aim to
disrupt this annual brokerage of Rs 21,000 crore
with this recent expansion into the commercial
real estate sector," he added. When asked how
much revenue the company is expecting from the
commercial segment, he said, "almost all the
revenue comes from the residential segment now.
In the long run, the revenue mix would be 7030,
where residential would be 70 per cent and
commercial would be 30 per cent."
18
BE Exclusive Nobroker.com brings new ad
campaign, eyes expansion in 20 cities
C2C real estate portal Nobroker.com has released
an ad campaign that will run across TV, outdoor,
radio, digital and cinema. Saurabh Garg,
co-founder and chief business officer,
Nobroker.com told ETBE that the brand has spent
Rs 5 crore on it. The brand is looking at
multiple channels across 4 cities of Mumbai,
Chennai, Bangalore and Pune. As this is election
time, news is going to be highly consumable
content and we are placing the ad on most news
channels and in regional languages as well, Garg
said. The company claims to close deals worth Rs
9,800 cr/annum saving Rs 1,000 crore annually in
brokerage for consumers and has recently crossed
the milestone of 5 million happy customers across
Bangalore, Pune, Mumbai, Chennai and Gurgaon. We
are in 5 cities now and within the next few years
we should be present in the top 20 cities in
India, he revealed. If you are looking for
affordable flats you can choose kengeri satellite
town in bangalore. The idea behind the campaign
is to engage with the owners who are usually 40
and their viewership on news and regional GECs is
extremely high. Almost Rs 50,000 crore is paid
in India every year and this is only in
residential rental. The role that the broker pays
is just collect money from both parties. The sum
of money that anyone is expected to give as
brokerage is totally not worth the service and
thats where the pain point began, Garg
remarked. Moreover, the brand will also be
putting up hoardings across 5 cities. Speaking
about its business model, Garg pointed out that
Nobroker.com operates as a freemium model
wherein owners and sellers can list their
property for free on the platform and get any
number of calls from interested tenants.
However, as a tenant you can contact 9 owners
completely free of cost and as a buyer you can
reach out to 25 sellers free of cost. But if you
need to contact more owners or more sellers then
you can pay a small fee of Rs 999- and contact
the 25 people. We close around 15,000
transactions on the platform, he
shared. Conceptualised by RalphDas, the
creative of the campaign is based on the premise
of the absurdity of shelling out whopping amounts
of brokerage. We needed to highlight the
absurdity of paying brokerage and also touch upon
the emotional aspect and tell the owner that it
is extremely simple to find a tenant through
NoBroker.com, Garg explained. Lastly, the brand
will be leveraging 15 second videos that use real
life instances to show how absurd it is to pay
brokerage and amplify it via digital and social
media channels.
19
NoBroker.com launches new multicity campaign
NoBroker.com, the leading peer-to-peer real
estate platform has recently launched a
multicity campaign that underlines the
absurdity of paying brokerage for
residential real estate. Conceptualised and
created by RalphDas, the TVC speaks to
home-owners who have been paying almost a
months rent as brokerage, reportedly for very
little value addition by brokers. It urges them
to list their properties on NoBroker.com where
they can rent it out for free. As much as INR
80,000 crore is reportedly spent as
residential real estate brokerage in India
every year. The campaign highlights how
NoBroker.com enables better matchmaking
directly between prospective tenants/buyers
and homeowners to drive significant savings
in term of time, money, and effort. If you
are looking for Better Amenities and Good
facilities you can choose nr windgates in
Banglore Launched across 4 the cities- Mumbai,
Pune, Bengaluru, and Chennai, the ad campaign
targets homeowners and landlords who consume
more TV than online media. Considering this
is election time and consumption of news
channels is at an all-time high, the
campaign will be aired across English as well
as regional news channels along with GECs. It
would be amplified through a diverse mix of media
such as TV, radio, digital, OOH, and
cinema. Commenting on the latest campaign,
Saurabh Garg, Co-Founder and CBO of
Nobroker.com said, "The concept and amount of
brokerage charged for services in real estate in
India is quite absurd. Also, owners are very
emotional about their house. Through this ad, we
aim to reinstate the fact that the sum of money
that anyone is expected to give as brokerage is
totally not worth the service. Once the
information asymmetry in real estate is solved
there is very little value that a broker adds
to the house-hunting/renting process. Our
commercial speaks to owners to question the
justification for this amount. We are targeting
owners who are financially smart and understand
the logic of why paying brokerage is absurd."
20
NoBroker.com launches services in Hyderabad
Hyderabad Bengaluru-based NoBroker.com, which
offers brokerage-free real estate and related
services, on Wednesday launched its services in
the city. The startup which currently operates in
Mumbai, Bengaluru, Pune, Chennai, and Gurgaon,
lists residential as well as commercial
properties for rent/buy/sell and attracts
customers due to its unique brokerage-free
proposition.If you are finding for a Posh area
and luxurious Area to live with your Family you
can choose orchid whitefield in Bangalore. Its
foray into Hyderabad comes on the back of the
recent Series C funding led by General Atlantic
and underscores its commitment to leverage
cutting-edge technology to transform the real
estate space in India. Over 33,000 people are
already using its services in Hyderabad. So far,
the platform attracted 15,000 listings from the
city. "As an established IT hub, Hyderabad has
seen exponential surge in the number of young
professionals coming into the city and looking
for accommodation. A large percentage of these
new- age consumers do not appreciate the age-old
ways of finding a home through property brokers
and have preference for hassle- free, more
independent methods of house hunting. We provide
such hassle-free services," Saurabh Garg, CBO
and co-founder of NoBroker.com, told the media
here. Akhil Gupta, the company's CTO and
co-founder, said "Since its launch in 2014,
NoBroker.com has spearheaded the transformation
of the Indian residential and commercial real
estate spaces with its novel C2C approach,
leveraging innovative
21
technologies and AI-assisted tools to eliminate
brokers".
22
NoBroker.com launches the NoBrokerHOOD app with a
view of making 1 lakh housing societies
tech-enabled by 2020
The constant movement of service staff (maids,
drivers, courier services, delivery personnel,
etc.) and guests make security management a
hassle. While most apartment buildings and
residential complexes do have security measures
in place, they are either outmoded or rely
heavily on manual registration. Large societies
render human staff inadequate for day to day
tasks. Further, such inadequate management of
visitor entry also leads to day-to-day challenges
for residents, such as unauthorized visitor
entries/vehicle parking and maintaining service
staff attendance. Moreover, residents are
required to respond to calls from the Gate to
authorize entry which might be troublesome and
difficult if people are in meetings. It is this
need-gap that the NoBrokerHOOD app is addressing
through its unique tech-led approach. The
platform offers a plethora of services and
features which enable users to manage multiple
activities inside residential buildings, housing
societies, and gated communities, ranging from
finding domestic help to monitoring visitor entry
and pre-authorising guest visits with an OTP. It
also further strengthens the safety aspect by
keeping visual and digital records of all entries
and exits accessible anytime and anywhere and
automates staff entry through biometric
processes. The app is very simple to use and
comes with even more simplified features for
senior citizens who are not very tech savvy. The
resident can pre-authorise a visitor through just
an OTP. Or whenever a visitor arrives at the
gate, the duty guard enters their details into
the app and notifies the relevant resident.
Residents receive a visitor notification on their
registered devices and can either approve or
reject the request. The duty guard receives the
residents response and accordingly allows or
denies entry to the visitor. Users can also give
instructions to the security staff through an IVR
calling system. Speaking on the latest
innovation, Akhil Gupta, Chief Technology Officer
at NoBroker.com, said, Technology is at the core
of everything that NoBroker.com does. The smart
Indian today values the quality of life and
prefers things hassle-free. Diving deeper into
the residential real estate market, we realized
the need for a solution which could make our stay
safer and convenient. Technology has the
capability to add convenience and comfort and cut
down dependency on humans which is the core
premise of our company. The NoBrokerHOOD app can
broadcast alerts and notifications to the entire
society and allows residents to stay connected
with each other through a Building Society
Residents Directory. It also helps users choose
service staff such as electricians, cooks, maids,
plumbers etc. based on reviews from the societys
own yellow pages, as well as conduct
Aadhaar-based verification of all service staff
catering to the residents. It can additionally
ensure digital and recorded authorization for the
entry of all handymen and delivery boys to ensure
better safety and prevent theft. NoBroker.com
also provides extensive after-sales service for
the NoBrokerHOOD app, giving solutions to users,
even post-purchase. If you are looking for Posh
Area to live you can choose omkar alta monte in
Mumbai.With the urban population in India
expected to cross 600 million by 2030, the
large-scale population influx from tier-2/3
cities and semi-urban geographies have put a lot
of strain on the available real estate in major
metropolitan centers. Managing this burgeoning
housing demand has led to a rapid mushrooming of
housing societies
23
and high-rise apartment complexes. The security
in most such societies, however, is usually
outsourced to third-party service providers who
are still using antiquated security approaches.
The launch of the NoBrokerHOOD app is, therefore,
being hailed as a much-needed and revolutionary
tech intervention in the urban residential
society space. By enabling extensive, end-to-end
provision of features and support, the
NoBrokerHOOD app can significantly streamline,
optimize, and manage security operations, thus
improving the quality of life for Indians through
technology.
24
NoBroker.com offers real estate services free of
cost in Hyderabad
NoBroker.com, a customer-to-customer real estate
portal, is offering brokerage-free real estate
services in Hyderabad. The platform lists
residential as well as commercial properties for
rent/buy/sell. If you are looking for good flat
to live you can choose gm infinite society in
bangalore. A large percentage of the new-age
consumers do not appreciate the age-old ways of
finding a home through property brokers and have
preference for hassle-free, more independent
methods of house hunting, Saurabh Garg, CBO
and Co-Founder of NoBroker.com told newspersons
here on Wednesday. The success of NoBrokers
brokerage-free transactions in the cities of
Bengaluru, Mumbai, Pune, Chennai and Gurgaon is
driving the firm on expansion path, he said.
NoBroker.com has also launched the NoBrokerHOOD
app, a tech-enabled security management system to
simplify visitor management within residential
buildings, housing societies, and gated
communities.
25
NoBroker.com raises 10M series B funding, plans
to expand to 20 cities
Bengaluru-based brokerage-free property search
portal NoBroker.com has raised 10 million
funding led by Singapore based venture capital
firm BEENEXT and Digital Garage along with other
investors namely BEENOS, Qualgro and Mamoru
Taniya of Asuka holdings. Existing investor SAIF
Partners has also participated in this round. The
company had raised 3 million in February 2015
from SAIF Partners and Fulcrum Ventures in Series
A fund. Amit Akhil with Saurabh Garg (Mentor
Angel Investor - NoBroker This new round of
funding will be utilized in hiring people in
product and technology marketing activities, and
expanding to 20 cities in India in the next two
years. Currently, the startup has 150 employees.
Founded in 2013 by IIT- Bombay alumnus Akhil
Gupta and IIT- Kanpur and IIM- Ahmedabad alumnus
Amit Kumar Agarwal.
If you are looking for Good Amenities and
facilities you can choose sobha chrysanthemum in
bangalore.NoBroker.com is an online real estate
firm offering brokerage-free buy or sell of
properties. It's a P2P rental marketplace and
claims to have more than 650,000 customers today.
The company has three revenue models
26
NOBROKER.COM ROLLS OUT ALL-INCLUSIVE PROPERTY
MANAGEMENT SERVICES
Bengaluru-based real-estate platform,
NoBroker.com, has reportedly announced the
launch of its all- inclusive property
management services. The platform promotes rental
guarantee to NRI property owners and to those
customers who have their properties located in
other cities. According to Amit Agarwal, the
Co-founder and CEO of NoBroker.com,
persistent demand from the companys NRI
customers as well as from those having their
houses in other cities for managing various
services including house inspection, repair
and maintenance, painting, rent agreement,
searching new tenants when the previous tenants
leave, and organizing home visits for prospective
tenants has pushed the roll out of this rental
guarantee service six months ago. Sources state
that, during the lockdown, NoBroker planned to
retain its employees and add 30 more to its
workforce unlike other start-ups that
adopted salary cuts and worker layoffs. The
company took this decision for supporting the
growth of its existing and new sources of
revenue. Reliable sources state that, through
the lately launched service, NoBroker has taken
on the financial risk of making sure that the
property owners receive rent on time, each month,
even when the existing tenant leaves and the
house becomes vacant for a month or two before
the arrival of the new tenant. NoBroker gives
this facility to property owners charging a fee
of 8 per cent of the monthly rent. According to
Agarwal, the company manages around 1,000
houses including both, apartments and
independent houses, across Bengaluru, Chennai,
Mumbai, Hyderabad, Pune, Delhi, and NCR. He has
also stated that nearly 40 per cent of the
customers availing this service are.NRIs residing
in the US and the Middle East, and the remaining
are those having houses in other cities. If you
are finding a PG house for place to live in
pune than there you can choose PG in
Pune. NoBrokers rental guarantee service
has gained many customers as travel is becoming
a huge restraint during these trying times. The
company envisions to manage 1 lakh houses in the
upcoming few years, added Agarwal.
27
NoBroker.coms first TVC eliminates brokers
from property supply chain
With an aim to give a strong push to increase its
operational scale and market penetration, real
estate portal NoBroker.com has launched of its
first-ever TVC. The 20-second ad highlights the
real estate portals differentiated brand
proposition of leveraging cutting-edge technology
to eliminate brokers and middlemen from the
property supply chain, and make it extremely easy
and hassle-free for home owners to put their
properties up for rent/sale. The TVC targets
home owners, a large percentage of whom are not
very active online. That s why TV has been
chosen as a medium, especially using the
vernacular channels in the cities they operate
in, to reach these home owners effectively and at
a low cost. The video starts with a property
owner talking about the hassles of enlisting a
property with a traditional broker before going
on to explain how NoBroker.com can address these
challenges and make property discovery extremely
convenient and hassle-free. The video was
conceptualised and created by Circus Elephants, a
360 -degree digital content agency specialising
in creative content development and social media.
Actor Shishir Sharma has been chosen to build
credibility and trust for the owners who can
relate more to a familiar face. The TVC will be
launched in Mumbai, Pune, Bengaluru and Chennai.
It will be delivered through regional news,
movies and general entertainment channels to its
target audiences. If you are looking for
affordable place to live alone you can choose PG
in bangalore Saurabh Garg, Co-founder,
NoBroker.com, said, The main concern of any home
owner, anywhere in the world, is the
discoverability of their property in the fastest
time possible with
28
the least inconvenience. This is why home owners
tie up with property brokers to improve
discoverability, to enable swift discovery and to
minimise hassles. But given the broken
traditional property discovery chain, they end up
inconvenienced anyway, despite paying brokerage
at premium rates. This is the market gap that
NoBroker.com is addressing through its
proprietary technology and tech-driven approach.
With this TVC, we are highlighting our novel
proposition to raise brand awareness across
multiple geographies and to get more home owners
to choose NoBroker.com for renting out their
homes faster and without paying any
brokerage. Siva Prasad, Director, Marketing,
NoBroker.com, added, What NoBroker.com is doing
is extremely disruptive and straightforward at
the same time. By leveraging technology to remove
the middlemen from the discovery process, the
platform is connecting home seekers with property
owners more seamlessly and efficiently. It is
this simplicity and efficiency that we wanted to
communicate through the TVC. We are confident
that the target audiences will gain a better
understanding of the superlative benefits
NoBroker.com enables through the TV ad
campaign. Durgesh Tanna, Creative Director,
Circus Elephants, said, The services that
Nobroker.com offers are simple yet
revolutionary. And this being the first set of
television communication for the brand, it was
critical for the Circus Elephants (CE) Team to
get it right. The messaging too had to be crisp
yet clear. Thankfully, the insights shared by our
client helped us along the way, in coming up with
a film that conveyed the core proposition with a
definite takeaway, and that too within time
constraints. It has been a great experience
working with NoBroker.com and Team CE is already
geared up for the next challenge.