The Tech-Enabled Marketplace for brokers and builders, BroBazaar has announced a significant milestone in just two months, the company's AI-enabled digital platform has facilitated over 90 transactions, averaging Rs one crore ($10 million) each.
Currently, there are more than 3,000 active users on the app. It has facilitated over 90 transactions thanks to its artificial intelligence (AI)-enabled matchmaking, which is also the company's competitive strength. As a result, it has made it substantially simpler for professionals working in the real estate business to list and locate properties, as well as execute deals more efficiently and maximize profits.
According to the industry predictions, it is anticipated that the real estate sector in India will reach a market size of USD 1 trillion by the year 2030 and will account for 20% of India's GDP. Technological progress is one of the major drivers that will contribute to the forecast for this market. Technology is playing an essential role in the elevation of the real estate business in India, from the purchasing of land and the construction of buildings to the designing of properties and the automation of financial processes. BroBazaar is one example of a cutting-edge platform enabled by technology that is helping the market get closer to the predicted $1 trillion benchmark.
"This is a huge achievement for us, especially because our platform is fairly new in the Indian real estate market, and we have a long way to go. As the only platform that is pro-broker, we are in a unique position to revolutionise the real estate industry and deliver value to brokers, builders, and developers alike," added Neha Kapur, Founder of BroBazaar.
