Monday, 27 August 2018

Key Areas Online Property Portals Should Focus On



Online property portals are redefining the Indian real estate and are on the way to become a full stack service provider. Being the aggregators of both supply and demand in the industry, real estate portals have stocks of data that can provide accurate insights into the consumer minds. Even though equipped to do so, property portals have to address certain key areas to create a robust business.

Below listed are key areas online portals must expand to.

    Holistic coverage of the market – There is still an untapped segment of the market which is majorly dominated by brokers and middlemen. The portals should explore these sectors and should work towards aggregating the market online.

    Enriching information – Portals should adopt high-quality data sciences and work on curating and enriching information further. They should employ much effective tactics to identify fake listings and fake sellers, while also promoting trust and credibility of the online platform.

    Go beyond discovery – According to the need of the hour, property portals must come with products and tools that redefine the online purchase experience through mediums like social media forums where one can discuss about the project and interactive tools where people can research prices in the market.

    Innovations – Moving with the latest demand for visualisation technologies and virtual reality, real estate portals should employ these to transform the home buying experience of the customer.

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