Groffr's Founders Sandeep Reddy and Vikhayat Srivastava Says Group Buying Gets Better Discount in Real Estate
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NEW DELHI: cluster shopping for could be a nice plan to urge an honest value on any product. And if that product happens to be once during a lifetime reasonably big-ticket purchase, sort of a house, a gaggle of consumers will bounce back discounts than people. With this vision in mind, Sandeep Reddy and Vikhayat Srivastava co-founded Groffr in July 2010.
Says Reddy, "We saw a chance to urge a far better deal for a gaggle of property consumers. Once you have got a gaggle of 3, five, eight or a lot of individuals, you'll negotiate higher with the builders."
Potential consumers of latest housing comes finish up at the location groffr.com, type teams to shop for during a specific housing project. Groffr, the name derived from 'group offer', then approaches the builder on behalf of the cluster of consumers to urge discounts. Says Reddy, "it's a win-win for each, the buyer, who gets a far better deal and therefore the seller, whose inventory moves quick."
Indian Angel Network place in concerning $1 million to fund the start-up and currently it's expanding horizons to incorporate rating of realty brokers and use Facebook as a platform to assist individuals rent a flat. Says Reddy, "group shopping for is feasible in new comes however not for individual homes up for re-sale. Those that have interacted with us and are shopping for individual homes or flats communicate their expertise with broker’s basis that we tend to rate them-five star or 3 star." Once groffr. Comgets a rating of a broker, it drives business to the broker and shares half the brokerage for deals concluded.
The other half, renting, is essentially driven by brokers, where people or families could approach brokers to rent a house. Groffr is targeting people (like students) using Facebook to assist realizes flat mates!
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