Buying a residential property, owning a flat or an apartment in a large city like Mumbai is often a mark of success and achievement. It is one of the most important financial goals you set for yourself and also your endeavour to give your family a comfortable and luxurious life.
Buying a house, however, has traditionally been stressful and rather challenging. Settling on the ideal location, finding upcoming projects, getting the budget and finance sorted, finding the amenities you want, partnering with a trusted developer, verifying the documents and title, and getting through the registration process – these can all be very cumbersome.
Homebuying should be a smooth and joyful journey, and digital technology has the potential to accomplish this. While real estate has been perceived as a sector slow to adopt technology and innovations, recent studies paint a different picture. According to a recent news report, the demand for digital homebuying is booming in the country. Digital real estate is no longer a dream but a reality.
Another study reveals that since the onset of the COVID-19 pandemic, online home searches have been reaching new highs. Homebuyers, particularly in large cities such as Delhi-NCR and Mumbai, increasingly rely on online real estate portals to find their dream homes.
But is online homebuying behaviour restricted to searching for available properties? Do these portals offer more comfort and a hassle-free experience? Let us understand the benefits that digital platforms have to offer home buyers.
The best feature of real estate portals is the ability to search and shortlist based on multiple parameters. You may want a Vastu-compliant 2 BHK apartment within INR 80 lakh in Malad with a swimming pool, gym, and a kids' play area. With online portals, this can be done in minutes, and you need not scour several project brochures.
The outreach of internet-based platforms is vast. So, you will likely find several residential projects for every combination of searches. For example, a simple search for 3 BHK apartments in Andheri East will offer you hundreds of options, ready for comparison – right from the comfort of your home.
One of the most important factors for homebuyers is finding verified listings. This means listings of apartments and units that reflect the correct dimensions, fittings and fixtures, spacial and other attributes of the house. It also includes finding RERA-registered projects. Online portals are often transparent with this information.
Previously, homebuyers would dedicate entire weekends for several months to visiting new projects to find the right unit. Most trusted homebuying portals these days offer virtual tours. You can save time, effort, and money and take drone-based or video-call tours of several projects before shortlisting the few you want to physically visit.
One of the most important aspects of homebuying is finding developers and builders with a track record for delivering high-quality residential projects within the committed timeline. Online portals offer background information about most developers, making it easy to find a trusted partner.
If you can study, work, and conduct most of your business dealings online, why not buy a house? Online real estate portals have bridged the geographical gap, making it possible for NRIs to buy properties in India. Busy professionals need not make a herculean effort to hunt for a property. The complete homebuying process can be done online.
Blox is a revolutionary online platform that has made it possible for homebuyers to go from searching to buying a property online in seven clicks. The portal uses data science and proprietary algorithms to bring you exclusive property choices, direct listings from developers, and premium properties to suit your location, budget, and other choices. You can compare properties fairly, bringing trust and transparency to the process. Furthermore, this end-to-end digital homebuying experience comes at zero fees.
Homebuying is also a very personal experience. This is why Blox offers expert guidance from experienced relationship managers who handhold you through the homebuying journey. From searching and screening for projects to finding the ideal unit with all the amenities you need, from virtual home tours to Vastu recommendations – your Blox relationship manager is a one-stop solution to a delightful real estate buying experience. If you are looking for housing solutions in Mumbai, Thane, and Navi Mumbai, Blox is the perfect real estate online portal for you.
Picture yourself in the vibrant heart of Navi Mumbrai, where luxury meets opportunity and a sense of community thrives. Welcome to Sanpada, a locality that has swiftly risen to prominence in the world of real estate. With a coveted pin code of 400705, Sanpada offers a dynamic landscape of living options. Boasting over 350 properties for purchase and more than 100 for rent, it's no wonder residents rate this neighbourhood an impressive 4.5/5 for connectivity and a solid 4.3/5 for safety.
The use of digital technology has become an integral part of working in almost every industry and business sector. Sadly, the real estate industry was somewhat lagging in adopting this technology and exploiting its numerous benefits. Thankfully, things are changing rapidly, and the emergence of innovative PropTech solutions in recent years has paved the way for further growth.
Most Indians have heard references to the term TDS about income tax. TDS is an acronym that refers to Tax Deducted at Source. The Income Tax Act specifies certain scenarios in which the payments received by a person are made after subtraction of the tax dues. This means the person making the payment must deduct the tax and deposit it with the government. In real estate dealings, too, TDS may be deducted under certain conditions.