Mumbai resident Madhumita Mondal got the real estate bug earlier this year and decided to buy an apartment. She did it online.
Using the e-commerce site Snapdeal.com, Mondal spent Rs 1.1 crore for a three-bedroom apartment in a condominium being built on the outskirts of Mumbai. Usually Mondal buys dresses and books on Snapdeal, but after seeing an advertisement there for apartments, she found buying online saved time and money.
“The experience has been way better than going through property agencies in the off-line space,” said Mondal, who with her fellow civil servant husband expects to take occupancy by the end of next year. “There was absolute clarity on architectural plans and property details, and I did trust the developer and e-commerce platform.”
While it may be hard to imagine spending millions of rupees online, thousands of Indians are doing it. Internet sales of property are taking off, as developers find it helps get rid of excess supply and as consumers find ease of use coupled with discounts. In the past few weeks, Tata Housing Development Co and Mantri Developers Ltd each sold apartments worth almost Rs 6.3 crore on Snapdeal, one of several sites including 99acres.com and Housing.com that have been selling property online for the past year. Tata Housing alone reports more than 1,500 apartments sold online.
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MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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