Zippserv has launched ‘PricePoint’, a platform for transparent pricing in Real Estate.
PricePoint is primarily for Individuals looking to buy a new property and sellers of resale-properties. It helps consumers freely access close to 20,000 property transactions in Bangalore on a google map based user-friendly interface. This feature allows the consumer to effortlessly view properties in 1 to 2 km radius with details such as super built up area, floor, number of car parks, terrace area, etc. and arrive at an idea of an accurate price fora property.
Zippserv compiles data from various sources such as government registration offices, government websites, encumbrance certificates, prevailing guidance values, etc. to compile a database of recent property sale transactions.
According to an actual government registration data “There are over 1.5 lakh registered property transactions every year in Urban Bangalore and out of these, over 40K transactions are to do with projects that are advertised in newspapers”.
PricePoint analyses all these transactions and then validates them with data based on Zippserv verified transactions. The platform also displays close to 20,000 such (similar) transactions which represents the data covering over 40% of the transactions.
Zippserv is funded by InfoEdge.