New Delhi, Sep 04, 2015
The National Association of Realtors India (NAR-India), which is affiliated with the National Association of Realtors (NAR) in the US, is the largest organised association of REALTORS in India.
Hence, it came as a great boost to IndiaMLS, when it was officially named NAR-India’s exclusive MLS Partner at the 7th NAR-India convention in Bengaluru. The convention has historically been known to bring together real estate industry experts from India and around the world to address crucial issues facing the industry.
Jay Patel, Founder IndiaMLS says, “ NARs decision to name us as their exclusive MLS partner, further endorses our service before its entire membership body of agents and associations. This is very valuable to us.”
The deal is inked as a multi-year agreement, and mutually beneficial for both parties. IndiaMLS will launch its Pan-India initiative through this arrangement with NAR-India, and its many associations around the country. NAR-India members will be treated to the top technology and training available to brokers in Southeast Asia.
Vijay Sarathi, President NAR-India, added, “The two leading organizations in their respective roles strive towards a common goal: to empower, educate, and elevate the Indian real estate broker. We also believe that the broker is a critical component in the real estate transaction, and necessary in protecting the interests of their clients, buyers and sellers alike.”
KPMG estimates that the size of the real estate sector may increase five-fold to reach USD676 billion by 2025. About 91 million people shifted to cities over the last decade resulting in the development of about 2,774 new cities, taking the total number of cities to 7,935. The urbanisation resulted in development of 51 million new houses in urban areas. This is a huge opportunity for brokers as well; to offer their professional services and benefit from the opportunity.
Adds Jay, “ This is a time of growth for the industry and we need to empower brokers better. While other sites such as Brokergayab, Nobroker,com, Homers.in, and Grabhouse are trying hard to eliminate the broker, IndiaMLS believes that the broker is important in the homebuying process. By partnering with local associations, IndiaMLS can enforce certain codes and guidelines that hold the broker accountable.” Corporate Comm India (CCI Newswire)
