The
experience of shortlisting an apartment made us realize that as an investor one
was pretty insecure in India and there existed a huge trust deficit between the
investor and developers. We thought of developing a platform for Top
Real estate Project in india, which sought to empower an investor with
unbiased comparisons and ratings and would enhance his/her decision making
cycle, as well as, provide a structured approach to property selection. We
spent the initial one year on research of various verticals and shortlisting
components which were to be utilised towards comparisons and ratings, along
with development of various algorithms for indexing and ratings.
The next
one year was spent on developing the platform or portal and Phase I was
launched in Feb 2015, followed by Phase II in July 2015. The aim is to solve
the real estate puzzle from the investor’s perspective. As of now the portal
provides the following:- (a) Comparison, ratings and indexing of property
across 5 independent verticals of Design, Specifications, Conveniences, propinquity
and cost. There are extensive graphs and matrices which can be used for the
analysis. Ratings are based on proprietary algorithms accounting for 100+
facets. (b) Property can be compared within a city or across cities
(inter/intra city). (c) For a larger picture 'insights' has been developed
which give out the 'Liveability Index' of various cities in India. It is based
on 6 independent pillars and accounts for 50+ facets of the cities. The
analysis has a drilled down approach, starting at the level of India and going
down to the localities.
PropChill
provides an investor a structured approach to property shortlisting, with
digital tools to carry out in-depth analysis of residential property across 5
independent verticals of Design, Specifications, Conveniences, Propinquity and
Cost. Properties can be compared across all these verticals through graphs and
matrices. Ratings have been carried out across all these verticals based on
proprietary algorithms which take into consideration 100+ facets of the property.
Property can be compared within a city or across cities. For a larger picture
'insights' has been developed which give out the 'Liveability Index' of various
cities and best real estate property in
India. It is based on 6 independent pillars and accounts for 50+ facets of
the cities. The analysis has a drilled down approach, starting at the level of
India and going down to the localities.
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