Buying or renting a property in India, much like in other parts of the world, is not an easy task. In India’s case, most of the price related information is not collated by any centralised government authority, making it difficult for property seekers to get reliable & un-biased information.
Potential buyers are faced with doubt and even fear when the opportunity of purchasing a home is before them. They can be uncertain about the accuracy of the price quoted for the property in question, question where there is some scope for negotiation or speculate if they should explore a different area where to invest in the country, where there might be a higher return on their investment.
To help property seekers take an informed decision on these issues, Makaan.com, one of India’s fastest growing property websites recently launched a new tool christened Price Trends.
Key benefits of the tools are:
- It allows plotting of prevailing & past per square feet (psf) rates for over 500 localities spread across 10 top real estate cities in India.
- If the seeker has short listed 3-4 areas for investment and wants to know which one is beneficial, the tool allows the price comparison.
- The tool plots property price trends for 12, 6 & 3 months to give long & short term view of price movement.
- The tool can plot both the capital and rental values of an area. This helps seekers to decide between Buying Vs Renting a property.
Given below is a sample of Price Trends
With this tool Makaan.com hopes to solve the need among property seekers for a reliable and unbiased source of property prices. Commenting on the launch Aditya Verma, COO of Makaan.com said, “We have always kept property seekers in mind while designing our products and services. In the past, we have been credited with initiatives like India’s 1st Property Price Index, Makaan.com Buy Vs Rent Index & Property Discussion Forums. The launch of Price Trends, is a logical extension of these initiatives. Over period of time, this tool will become the reference point for property prices and their comparison in the Indian market”.