OZOPROP Technologies Pvt. Ltd.
Indian Real Estate Agents Market Buying a home is the biggest expense an individual can make in their lifetime. It is provides the assurity that one has a permanent roof over their head. So it is extremely important for everyone to do enough ground work & make the right decision on choosing their home. But the question is if everyone has the ability & time for it as it almost becomes a second job to find the right home. Especially professionals who need to sacrifice their weekends for the same. This has been a problem that is also an opportunity solved by middlemen in the real estate industry known to everyone as an Agent or a Broker.
All you need to do is contact any of the innumerable real estate agencies cropped up all over any city or town & provide your requirements from budget, area, rooms & amenities required etc. They find the most suitable options, arrange site visits, help with suggestions & negotiations, documentation & more. In return a commission is to be provided by the buyer as fees which vary from once agency or agent to another. But the question remains about their significance in this information age. Before we can discuss that, let’s try to understand their presence & functioning in the country. Firstly the real estate agent or real estate broker comes widely in the unorganized sector though there are many well established agencies. To give view of the numbers, there are approximately at least 2 lakh Real Estate Brokers & Agents just in the tier 1 cities. They cater to not just assisting in home buying but even renting of homes, office spaces, shops etc. It is estimated that their revenue in total is around Rs 14,000cr for the year 2016
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