First Time in India: Brokerage-Free Buy/Sell Only on NoBroker.com

New Delhi, Oct 10, 2015: We are very excited to share the news that for the first time in India, now you can buy or sell a house on NoBroker.com without paying any brokerage. With the launch of brokerage free buy/sell NoBroker is further disrupting and redefining the real estate sector.

Launch Highlights:

· After rentals, now buy and sell a house without paying any brokerage

· Title verification to ensure only genuine properties

· No brokers, only genuine buyers and sellers

Buying a house is a huge decision we all make at some point in our lives. With the big investment comes, many questions but seldom any answers. This is because the real estate sector lacks data based clarity. More often than not customers have to rely on hearsay or general opinions before making a huge investment. Buyers & sellers end up paying a combined 4 to 6 per cent of the deal value as brokerage. This brokerage often forces customers to forgo a property of their choice. Well not anymore! NoBroker.com has enabled customers for the first time to buy the house of their choice without paying any brokerage. Just log on to NoBroker.com and choose from a large pool of inventory posted by genuine owners.

NoBroker is already helping customers save more than 15 crores of brokerage every month across 4 cities only through broker free rentals. Now with the launch of buy/sell, the savings for customers will sky rocket. With NoBroker’s enhanced platform and improved interface, customers will be able to contact owners directly. The new chat feature will enable both parties to negotiate effectively without any hesitation. NoBroker will also provide smart insights and recommendations.

To ensure that customers are making an informed decision, NoBroker is also offering title verification at a nominal cost. What this means is that NoBroker will get an EC (encumbrance certificate) for the property so that the buyer is rest assured about the genuineness of the property.

With brokerage free rentals and resale, we are trying to set order and transparency in an unorganized sector. This is where cutting edge technology and a positive customer experience brings us to the top. We are disrupting the real estate market in India and this has enabled us to witness an explosive growth in our customers as well as transactions in the past one year. We have now become the biggest online P2P player in flat-rentals. And we are all set to lead the game in buy/sell now. Our edge is the ecosystem of genuine owners & tenants/buyers, that has been created through our proprietary technology which identifies and eliminates the brokers.

Last month the NoBroker office in Bangalore came under attack with brokers trying to take forced entry in the office premises with the intent of damaging property, battering employees and disrupting work. We have been working from a make-shift office and our homes for over two weeks now. We have worked against all odds and launched brokerage free buy/sell in timelines as planned before the attack because we are committed to the cause of addressing the information asymmetry in the real estate sector. Despite all the challenges, NoBroker will continue the disruption via technology and help our customers save brokerage.

We know that the challenge is huge but we are ready to take it head on.

For the first time in India, now buy a house without paying brokerage only on NoBroker.
Corporate Comm India (CCI Newswire)