NEW DELHI: Group Buying concept is the next big thing in real estate. This novel strategy forms a large community of property buyers and gives leverage to customers to strike the best deal in real estate purchase.
Real estate portals are fast catching up with this new trend. One such web portal is Genxdeals.com , it has created a platform for its buyers to come together for “making home buy a hassle-free experience”.
The brain-child behind GenX Deals, Mr. Jetesh Prasher, Founder and CEO, who was in the city recently said, “The concept involves collating the home requirements of group of buyers to pitch for competitive mass home-buying rates with developers. The set-up also helps developers sell their property in bulk, rather than just promoting projects in market”.
This feature is already a hit amongst customers in Noida, Noida Extension and Vrindavan.
GenX Deals has also expanded its services in Gurgaon, Sohna and Biwadi. The two location being the most promising hub of property market, the concept of group buying is expected to see easier acceptance.
Group buying has more negotiating power with the developer as compared to an individual. Real estate buying as a group, allows a greater bargain for the customer. With real estate prices escalating by the day in many Indian cities, especially the metropolitan cities, even one percent discount, can translate into a substantial amount worth lakhs.
This concept is equally beneficial for both home buyers and developers, thus making it an innovative way to revive the investments in real estate market.
As we login to the web portal, a group normally ranging from 5 to 100 customers can express their interest in a respective developer’s project as per their requirements and their concerned sales representative shall get back to the group with appropriate options.
People can login to “ Genxdeals.com “ and feed in relevant details like preferences for location and other specifications as per their budget.
Company’s Marketing Director – Mr. Akash Kohli says “Genx deals is has lots of fresh concepts and ideas and we are open to tie up’s with interested funding partners, who share the same vision to provide the best of services and deals to all our customers in real estate industry”.