Gone are the days when a prospective homebuyer depends upon the mercy of a real estate broker or middle-man for getting accurate information related to any residential or commercial property across India. Thanks to the digitalization, of late, the process of buying a residential or commercial property anywhere across India has become much simplified. Now, just like online buying, even property purchasing from comfort of the homes has no more remained a distant dream.
Due to digital transformation, every pieces of information pertaining to a developer, ongoing project, current construction details, etc., is available online. This gives more power to homebuyer and protects their interests as well. This process will incorporate transparency in real estate dealings and develop fear amongst fly-by-night developers that today’s customers are armed with peripheral knowledge so it is not easy to dupe them. This will even eradicate the need of middle-men agents or brokers in the coming few times for sure.
To add further, those people who are unable to afford the expensive fee of full-time lawyers for due-diligence will get a relief due to the digital transformation. Now, they are able to get every detail online and even get answers of their queries from industry experts. In order to bring the real estate sector out of slump, it is necessary to create an environment of trust between developers and buyers.
The digitalization allows developers to instill faith amongst buyers by disclosing important information pertaining to a project launch, transaction prices, etc. via an online platform and even prospective homebuyers can form an online community and share their experiences with other people sailing in the same boat.
As a disclaimer, it is important to highlight that validate every information from an industry expert before coming to any conclusion.