PropertyPistol bridging the Real estate Gaps with its one-stop solution?
In this era of technological advancements, every sector in various industries has been able to adapt to cutting-edge technology to improve its operational capacity. The real estate industry despite being one of the largest growing industries in India has not been able to adapt to these technological improvements.
There are several challenges property buyers face while looking for properties to purchase. This is where PropertyPistol established its presence in the real estate market. PropertyPistol incorporated the use of technology to improve user experience by building credibility, trust, and transparency.
In this article, we shall understand how PropertyPistol used its in-house technologies to bring about drastic changes in the real estate industry.
How has PropertyPistol changed the real estate ecosystem?
The primary challenges faced by buyers in the real estate ecosystem are Identification of properties, Estimation of Prices, and Documentation of finalized properties.
Identification of properties can be a tedious process when there are no fully comprehensive search sources. The buyers have to trust the sources available even if they are from a host of property options. There is a lack of fulfilling transactions since there is no guidance or support system for the buyer. The buyer will have to spend a sizable amount of time in decision-making and research due to a lack of crucial factors like trust, credibility, and transparency.
If you are new to buying properties, there are instances where the buyer might not be aware of the financial and legal aspects of the property. This is where the buyer has to trust the source due to a lack of knowledge and bargaining power.
Once the buyer has finalized a property, they might not be aware of the documentation process involved. A buyer could be misinformed of the documentation process which might lead to further complications.
This is where PropertyPistol makes property buying a convenient process. Ashish Narain Agarwal, Founder, and CEO of PropertyPistol stated in one of his interviews that the core aim of PropertyPistol was to make buying property a convenient process for the buyer. PropteryPistol is the only B2C real estate consultancy in India. We are focused on offering a fulfilling home buying experience, it is essential to align the key stakeholders in the ecosystem – the brokers and the developers. Hence, the organization puts in a lot of effort towards implementing technology that can simplify the way brokers operate and have developed a mechanism through research and data analytics to cater to every minute requirement of a home buyer to ensure they get their dream home.
The journey so far
As per the internal analytics shared by Tushar Shrivastava, Founder and CTO of PropertyPistol, the time is taken to complete a successful transaction has been considerably reduced and the deal loss rate is significantly lower compared to before. PropertyPistol facilitates cross-border transactions with the help of optimum utilization of technology. He also included how the leveraging of technology has been a major growth driver. The transaction value has increased up to 10 times over the last 4 years. The units sold have increased by 7 times during the same period. PropertyPistol has easily acquired a total of 1.8% of the market share in top metro cities in India resulting in becoming contributors to the top developers in the country.
PropertyPistol Syndicate
PropertyPistol’s ‘PropertyPistol Syndicate’ is an in-house app built exclusively for real estate brokers. The primary objective of this app is to identify top-ranked brokers for buyers in their locality. This process of identifying and empowering brokers to train and upskill them, and rate them after every interaction is done to maintain higher standards of customer satisfaction.
There are features like a client management interface that ensure no client is unattended. The app is built and led by an efficient research and development team. The app also comprises a ‘post-sales feature’ which ensures real-time tracking of the buyer’s progress in the payment and documentation procedure.
PropertyPistol plans on improving the tech end of the operations. Technological advancements have proved beneficial for the users and the business. There have been efforts made to improve digital touchpoints by providing a complete set of listings on the website. There will be a B2C app with features like virtual site tours, property owners/tenant connects, and more. This app will be a real estate utility platform with features that allow buyers to directly contact brokers across India while being under the supervision of PropertyPistol’s expert team.
Final Words
PropertyPistol has outgrown all challenges in the last 9 years to serve the real estate industry. PropertyPistol has strived to bring revolutionary changes in the traditional estate ecosystem by offering a robust technological interface that creates a convenient and seamless mechanism for the buyers by converging the key participants in one ecosystem.
PropertyPiston is working towards bringing more convenience and transparency to this ecosystem with a new platform called PropertyPistol Radiate to help track every RERA registered project in every region. PropertyPistol identifies the requirements of the property buyer and presents them with suitable options.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
