Making it easy for property seekers in india

Makaan.com launches a new property tool ‘Price Trends' to help buyers take an informed decision on critical issues

Buying or renting a property is not an easy task. Absence of price related information that is collated properly by any government authority forces one to look for inputs from all over and having to tap different sources.

And most of the times, it tends to be rather confusing and misleading and ends up so wide and varied that it leaves one baffled.

Among the various issues faced by the property seekers, some critical issues happen to be ‘Am I paying the correct price for the property?', ‘Can I trust the price quoted by the seller or is there some scope for negotiation?', ‘Which is the best place to invest that will give me higher returns?' and ‘What is the current rental value for the same property?'.

Promising to help property seekers in Hyderabad take an informed decision on the above issues, Makaan.com, the property website has recently launched a new property tool called ‘Price Trends'.

Advantages

According to a press release, the tool has been customized for the need of the seekers and has several advantages.

It allows plotting of prevailing and past per square feet (psf) price for key property hot spots in the city and if the seeker has short listed areas for investment and wants to know which one is beneficial, the tool allows the comparison.

Also, the tool plots property price trends for 12, 6 and 3 months to give long and short term view of price movement. It can also plot both the capital and rental values of an area which helps one decide between Buying Vs Renting a property.

Comparison chart

If say a property seeker is looking to buy a property in Hyderabad and has short listed three areas i.e., Secunderabad, Miyapur and Gachibowli. “All that he needs to do is log on to pricetrends.makaan.com and select these localities. Within a few seconds the tool prepares a comparison chart that displays the present and past per square feet (psf) price trends. Seeker can add and remove localities till he has satisfied himself completely,” says the website.

Reference point

This tool, Makaan.com hopes, will solve the need among property seekers for a reliable and unbiased source of property prices. Commenting on the launch, Aditya Verma, COO of Makaan.com hoped that Price Trends over a period of time would become the reference point for property prices and their comparison in the Indian market.