NoBroker.com launches its brokerage-free real estate services in New Delhi
Building on its growth momentum, NoBroker.com, the world’s largest ‘customer-to-customer’ real estate portal, has launched its brokerage-free services in Delhi-NCR. The company’s entry in New Delhi comes on the heels of its recent Series D funding of $50 million, led by Tiger Global & existing investors, and reinforces its commitment to transform Indian real estate space with the help of technology.
The latest expansion to Delhi-NCR will be welcomed by consumers across the region, one of India’s biggest real estate markets, as they can now access a range of innovative solutions catering to buying, selling, and renting of residential and commercial properties without paying any brokerage. The platform already has a strong foothold across other major Indian cities such as Mumbai, Bengaluru, Pune, Chennai, and Hyderabad.
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 1100+ deals in the region.
“Delhi NCR is not only the hub for government and administration but is also a centre for major economic activities in North India. It is home to one of the most prominent start-up ecosystems and also has a very robust corporate culture,” said Saurabh Garg, CBO and Co-Founder of NoBroker.com. “Young students and professionals from across the country come to the capital in search of better education as well as job prospects. Cost-efficient and quality accommodation is obviously a major concern for them. The Indian consumer today understands the absurdity of paying a huge brokerage for only being connected to the right prospect. At NoBroker.com, we are dedicated to facilitating innovative, hassle-free solutions for all their house-hunting & settling needs.”
The amount of brokerage charged does not justify the value of the service. Having a mediator often opens the door to a host of challenges – on account of biases, lack of professionalism, undue pressure on the seeker, etc. All of these restrict the property-seeker from getting the best value for their money. This is where the tech-integrated platform steps into the picture.
Amit Kumar Agarwal, CEO and Co-Founder of NoBroker.com, commented, “Since its launch in 2014, NoBroker.com has been committed to leading a positive transformation of the Indian residential and commercial real estate by offering its unique value proposition. The idea of zero brokerage holds a lot of appeal for the value conscious Indian consumer. Our platform aims to create a transparent real estate ecosystem by eliminating brokerage from the equation. All our other services such as Packers & Movers, Home Store, home-cleaning, Rental agreement, and NoBroker Pay will also be available to consumers in Delhi-NCR. Delhi-NCR, which is home to an expanding class of digital-first consumers, is indisputably a high-value market for a company like ours.”
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. These services – in addition to features such as Travel Time Search, Rent-O-Meter, and Life Score – have helped NoBroker.com establish its leadership position in the online residential and commercial real estate space in India.