Propertygyan.com , an online property portal with sales offices launched in Delhi (India)

PRLog (Press Release) - Apr 07, 2009 -
Another property portal, propertygyan.com, was launched recently. “Our business model is different; we are going to leverage the portal to build our offline business. It will help us to become one of the leading and well known realtors in India”, said founder Vikram during the launch.

Propertygyan.com plans to open up about 50 offices/franchisees throughout Delhi and nearby areas by end of 2009 and then to other metros from 2010. People can use the portal to search properties or post their properties and then our sales offices contact the buyer/seller to help complete the transaction. The offices will provide the personal interaction and customized service to the clients for things like property tours, valuation, deal negotiation, registration, etc. “Anybody can select the property through our portal. He just needs to give us a call and our rep from the nearby office will get in touch with him and get the deal closed for him. Ideally, we are looking for synergistic effect between our online and offline model of business”, said Ravi, Chief Operating Officer, during the launch.

Propertygyan.com has an ambitious plan to do the transactions worth Rs 10 million (about 100 transactions) by end of  March 2009. The company plans to invest Rs 5 crores to setup offices/franchisees and to build brand. Vikram, founder of the company, adds “ Few US based NRIs have already shown the interest to invest in the company, but we are going to be very selective in choosing the equity investor as we want the equity investor to share our vision and help us financially to achieve that.”

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