The startup revolution in India introduced many companies that broke the age-old traditional business practices. NOBROKER was one among them. Breaking the middlemen in the property business, thus helping the consumer to save a lot of money in the name of the brokerage.
NOBROKER streamlined things much better than their competitors. The Bangalore-based startup was founded by young entrepreneurs Amit Kumar Agarwal, Saurabh Garg, and Akhil Gupta who themselves faced this problem handling property brokers.
Traditionally, if you were looking for a rental property, you have to contact the local brokers in that area and pay them 1 month’s rent as their service charge. Those charges were heavy for a common man. Consider if you are renting a house for Rs 10,000 and you pay the same amount as a service charge adds the expense before you actually rent the place. But that’s how things worked before technology took over the game. Brokers had all the information with them about the rental properties which made them indestructible.
Nowadays, mobile applications became a boon to the common people making life easier.
They streamlined the process of avoiding the broker by verifying the property and making sure that no brokers are involved. And they put maximum information about the property which made things clear.
So people looking to rent, buy or sell a property can download the mobile application, register, and start browsing the listings. Once you like the property get the owner’s number and visit the place directly, thus no brokers involved. This process saves a lot of money for a common man.
Generally, house brokers are often scandalous if you don’t know them personally. They come with absurd charges sometimes if you are new to the city. This application gives you relief from all these unwanted headaches. So NOBROKER became a direct threat to the brokers.
They also introduced subscription plans for tenants to see more listing, which is still cheaper than 1-month brokerage. The freedom plan is sufficient for a common man to find a house in a week. I took this plan and within a week’s time, I found a decent flat in a decent locality. Finalizing the property is based on first come first serve, so don’t while away your time if you found a good property.
Owners can post free ads about their property, and they provide service in all major cities in India.
As people move around in the city for new job , it become difficult to hunt down a house in a unknown city. And this application come’s as a saviour for those newbies in the city.
Additionally, they provide services like locating local packers & movers in the area and drafting rental agreements, painters, cleaners, and all that involved during renting a property. If you are new to the place you can try it, else it’s better to go with the local contacts.
The application comes with all digital payment facilities to transfer rent and advances. This makes the users utilize the hassle-free payments and get the receipts instantly.
The introduction of NRI services helped NRI house owners to rent or sell their property in a streamlined manner. Each house owner can opt for service agents who will do all the necessary arrangements to let out or sell their property. By providing all these services at once, they became a notable property management company.
Their revenue mainly comes from their subscription services and a small % of income through the service charges when you opt for their other services.
All together NOBROKER is breaking barriers and bringing in change by removing the middle man.
Stay tuned…..
