Growth Story of Property Adviser: Oct 2017 to Oct 2018
Added: (Thu Nov 15 2018)
Pressbox (Press Release) -
Background:
Mr Ravi Kumar Bandlamudi started Property Adviser in the year 2015 in T-Hub as a product development company in the realty vertical.
Why did Ravi start Property Advisers?
After working for over two decades in various IT MNCs, Ravi’s tryst with entrepreneurship began as the owner of a real estate franchise business RE/MAX. Ravi worked in this sector for over 8 years. After closing RE/MAX franchise operations in 2014; the urge to ‘simplify the house search for the buyer’ led Ravi to start Property Adviser.
He understood that though there was a lot of information available both online and offline, it was hard for the buyer to find reliable information to make a decision.
Do you know why?
The information available online was not facilitating decision-making. A buyer who is searching online is bogged down by redundant and outdated information. The buyer had to do a lot of legwork to find a house worthy of buying. Even after spending a considerable amount of time and effort, there were instances when he couldn't find what he was looking for. Finding something quickly was not even remotely possible. Ironically, that is what exactly technology is supposed to aid: quick and better decision making. And all online portals were eminently falling short of this sacred and basic goal.
Property Adviser is India’s first property directory that lists projects under construction as well as ready to occupy in Hyderabad.
Property Adviser Milestones
No. of unique visitors per month grew from 6451 in Oct 2017 to 56590 in Oct 2018 (it is growing steadily at a rate of 20-30% every month).
No. of unique visitors per day in Oct 2018 is averaged close to 2000 (of which, 300-400 visitors are from abroad).
No. of new registrations per day - 25 to 30
No. of builders registered with Property Adviser – 1813
No. of projects listed on Property Adviser – 2400 of which 1061 are available for sale.
No. of areas covered in Hyderabad – 145 of which 127 have active projects
No. of updates to the projects on Property Advisers – 27973
No. of subscribers - 12,000 (with 30-40% increase MoM)
What do these numbers mean?
And, why are they relevant?
Let’s answer these questions.
Property Adviser was started to simplify the buying process. We provide verified, reliable information by following a rigorous data collection and verification process.
So, how do we do that?
Our representative visits the project to collect information about the project such as no. of units, price, size, availability, amenities, facilities, building schedule, brochures, offers, and so on. PA executive meets the builder/ his representative gets the project details every month. PA team also takes photos of the ongoing construction activity.
Next, our data analysis team uploads the data to our website.
The PA team visits the project site every month to get the latest information on price, availability. They click photographs that show the progress made so far. All the information collected is once again updated on our website.
The data collection has steadily grown since 2016, and we have over 1061 projects that with more than 27000 updates now.
Why is Property Advisor Emerging as a Favourite Destination for Retail Buyers?
• The data collected from our project visit is up-to-date, reliable and accurate.
• Some of the unique features provided to the registered users of Property Adviser are as follows:
1. Save Searches - You can save your searches to come back and start from where you left. It saves your time, and you don’t have to remember your previous search criteria.
2. Add projects to favourites - Click the heart-shaped icon to add projects to your favourite page. We notify when we update your favourite project.
3. Compare projects side-by-side - You can compare three projects side-by-side on location, size, price, availability, possession status, GHMC approval, bank loan availability, and so on.
4. Smart Search option - The smart search helps you filter projects based on specific criteria such as location, size, type of project, ready to occupy or under construction, and price range.
5. Get Notification - We send email and SMS whenever we update the projects in your save searches or favourite lists.
6. Receive Reports - We provide builder monthly report, area analytics report, project feasibility study reports, and so on.
7. Our real estate news covers the area and market news about a particular area.
• We also write information-rich articles about a wide range of topics on www.propertyadviser.in, such as infrastructure updates, tips for buying, paying house taxes, government policies, and political processes.
• Additionally, we write about property tax, registration charges, maintenance charges, trending projects, area analytics, infrastructure development near the project, and about Real Estate Regulation Act (RERA), Goods and Services Tax (GST), and so on. The average time spent by users on our website page is more than 2.5 minutes. These articles intend to educate and support the house buyers.
Read our blog articles to know more.
• You get to see all the projects (apartments, independent houses, and villas) in one place.
• We cover all areas of Hyderabad. We have over 140 areas listed on our website.
• We don’t get paid by the builders to list their projects. Therefore, all the projects are treated equally.
• You get complete information from the comfort of your house or office so that you can shortlist properties quickly.
• You save time and effort spent on physical verification. We do the groundwork for you. The accurate and reliable data we provide has helped many buyers make smart decisions. Visit us at www.propertyadviser.in for more details.
Property Adviser has become a preferred destination for property search in Hyderabad. Therefore, the number of unique visitors per month has grown from 6451 in Oct 2017 to 56590 in Oct 2018.
Property Adviser Teams Thanks to Real Estate Community (Builders, Buyers, Brokers, and Bankers) for their appreciation and support to our startup. Special Thanks to T-Hub for the initial kick-off platform and support all along.