BolREALTY.com launches India’s first crowd sourced Real Estate Project Ratings

New Delhi, November 03, 2015: After recently receiving its first round of funding, BolREALTY.com, India’s first crowd sourced portal on real estate, has added yet another jewel to its crown with the launch of its Real Estate Project Ratings feature, which will enable the users to not only rate real estate projects but also enable them to leave in depth reviews based on their experience as an end user or investor, which will help other prospective buyers. This crowd intelligence in the form of ratings and reviews will eventually lead to unbiased report cards of builders, projects and localities and provide a true picture to prospective buyers before they identify the project(s) they invest in.

“Remaining true to our mission of providing Real Estate Insights, For You, Buy You , we have launched this feature to gather crowd intelligence and empower the buyers to make well informed real estate investment decisions. Our message to the buyers is, Research Here And Buy Anywhere ! We are confident that our website visitors will benefit from the immense utility of the crowd intelligence gathered as the ratings and reviews from end users and investors in real estate. Their feedback depicts the on-ground realities and the true picture of any real estate project. Following the initial success of our efforts, we are now embarking on a faster roll-out across major Indian cities and towards the same are in the process of raising capital to fund the increased activities” said Mr. Amit Chhabra, CEO, BolREALTY.com.

The number of listed projects and buyer ratings on BolREALTY.com are increasing by the day. The key criteria that buyers can rate the projects on, include – Location, Project Features, Construction Quality, Interiors Quality, Super to Floor Area Ratio, Value For Money, Timely Possession, Builder Reputation, Ease of Resale, Price Rise Expectation and Legal Issues. The BolREALTY Real Estate Project Ratings is currently in beta launch and features hundreds of new launch, under construction, completed and ready to move in projects from key real estate hubs in India and will soon expand its reach to all major cities and towns.

“Our strength is our ability to engage local buyers and enthuse them to share their experience on our website as we want to take their feedback to the developers. We sincerely believe that to bring the buyers back to the market, the developers community must shoulder more accountability and take the buyers’ feedback more seriously. BolREALTY Ratings & Reviews can and will ensure developers to be sensitive towards the buyers’ and market sentiment,” added Mr. Chhabra.

BolREALTY.com intends to become one of the biggest online information properties on Indian realty thriving on crowd sourced content. It receives content contributions from more than 100 leading real estate developers besides global consultancies like JLL India, and CBRE South Asia on a regular basis. It aims to build a network of around 10000 citizen journalists and bloggers across the country who’d report in on the latest realty scenario as well as buyer experiences in their respective locations.

“With our new feature, investors will be able to rate the projects from developers on various important parameters just like they rate restaurants on Zomato, or for that matter, hotels on TripAdvisor. This will eventually lead to a credible trust index that buyers can refer to and make well-informed investments,” concluded Mr. Chhabra.
Corporate Comm India(CCI Newswire)