PRLog - April 9, 2014 - BANGALORE, India -- RealtyCompass.com, India’s smartest platform for buying new homes, today announced the launch of “New Residential Project Ratings”.
Project Rating is the overall project score out of 100, where a project is rated on three critical parameters which will help the consumer decide his next home –
Builder Rating: How reliable and credible the builder is?
Accessibility Rating: How accessible is the location where the project is located?
Amenities Rating: How does the project fairs in terms of amenities and hence quality of lifestyle in the project
“Our intelligent algorithm not only assigns weights to each variable but also considers whether a parameter affects the rating in exponential, logarithmic, linear fashion”, says Nimesh Bhandari, CEO.
We are www.realtycompass.com first property portal in India to launch a project rating system. Since the real estate is not a standardized product, Project ratings will help the consumer take an informed decision to buy a home by looking at ratings and compare it with the rate the project is selling at. Consumers have an option to sort the results by ratings in any given locality. They can also look at the composition of builder rating, amenities rating and accessibility rating for that project.
Speaking on the launch, Nimesh Bhandari (CEO) mentioned, “With Project rating in place, customers can know look for sweet spots in their locality which have a good overall rating and yet are reasonably priced and hit the jackpot”
www.realtycompass.com, India’s smartest platform for buying new homes. It is conceptualized on a path breaking idea which promises to give home buyers the unique benefit of getting information about every project in the city and uses intelligent algorithms to give cognitive recommendations and project ratings to end consumers.
It already comprehensively listed 3100 projects in Chennai, 2200 Bangalore, 1200 projects in Hyderabad and 250 projects in Coimbatore, which are 10 times more projects than the nearest competitor in the online property portal space.