RealtyMonk- the future of Real Estate in India

In the current times, real estate can be cited as the fastest growing industries in the whole wide world. Everyone around us seems to build a fortune by investing in the real estate business.

This change can be attributed to its ever-changing nature, which in turn had mostly happened because of the rapid and significant changes in the socio-political-economic scenario of India.

Two decades back when India opened up to the ideology of LPG- Liberalization, Privatization, and Globalization, huge rural to urban migration contributed remarkably in transforming housing into an industry.

With huge population inflation in Tier 1 and Tier 2 cities, this change was definitely inevitable.

In the current times, real estate can be cited as the fastest growing industries in the whole wide world. Everyone around us seems to build a fortune by investing in the real estate business.

This change can be attributed to its ever-changing nature, which in turn had mostly happened because of the rapid and significant changes in the socio-political-economic scenario of India.

wo decades back when India opened up to the ideology of LPG- Liberalization, Privatization, and Globalization, huge rural to urban migration contributed remarkably in transforming housing into an industry.

With huge population inflation in Tier 1 and Tier 2 cities, this change was definitely inevitable.

As India progresses into the second decade of this change, real estate today has come to be broadly categorized into three types- Residential Property, Commercial Property, and Land.

Although there are other categories like Retail Property, Industrial Property, Office Property and much more, each of these categories can be more or less put in the above-mentioned classes.

Residential property is the most common type of real estate industry that is widely famous among most classes of the Indian society.

Its huge success as a vital component of the real estate industry can be understood by the fact that most real estate agents prefer to deal in this as it gives the maximum margin, thus increasing the profits.

In contrary, if we look at land as a major component of real estate in India, people consider buying/selling a land worthier than buying/selling a commercial or residential property.

Factors like the flexibility of design and the concept of sole ownership play a vital role in this thought process.

Whatever may the category be, the boom of real estate resulted in notable shifts in the Indian market system. This led to the growth of numerous property management systems, both online and offline.

While most of these inventories started to strive on a monstrous brokerage, one company that managed to carve out a niche for itself was RealtyMonk. And the USP? 100% delivery, 0% brokerage.

Starting in the year 2017, RealtyMonk took into its hands the matters of Property Management. Its sole motive was to make the process of buying/selling/renting of property a smooth sail without the crushing cost of brokerage.

The unique business model, under which the company directly takes on lease the properties in bulk from the respective landowners and set them out for rent/sell gave it a rapid success.

The property owners are in turn provided with a constant rent from the company irrespective of the occupancy status of the property. This process helped in building a bridge of trust between the company and the property owners, and the tenants and the company simultaneously.

As RealtyMonk steps in its second year of business, it has expanded its customer base to a whopping 3000 persons. As of now, it is operational in Bangalore and Chennai.

With a multi-listing option and notes to details like location, facilities, access, price, and preferences,RealtyMonk has become the most chosen destination for property selling, buying and renting. Catering to the preference of thousands of users is the reason why RealtyMonk continues to evolve.

One thought on “RealtyMonk- the future of Real Estate in India

  • March 10, 2019 at 7:10 pm
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    It¡¦s really a great and helpful piece of info. I am satisfied that you simply shared this helpful information with us. Please stay us informed like this. Thanks for sharing.

    Reply

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