PropertyPistol, announced the launch of PropertyPistol Experience Centers, the company’s exclusive physical stores in Mumbai that opened as an extension to its current online real estate offerings. PropertyPistol Experience Centers will allow the company to connect with the last mile consumers with personalized services offering a holistic home buying experience and, in the process, enhance its overall presence and brand visibility across the Mumbai real estate market.
PropertyPistol Experience Center assists the consumers in shortlisting the best property option that suits customer requirements from the vast portfolio of projects available. Consumers will also get end-to-end assistance in transaction closure, through virtual property walkthroughs, online registration processes, legal and paperwork consultation, assistance in documentation, advice on home loans, etc.
PropertyPistol currently has four Experience Centers located in Andheri in the Mumbai region and Kharghar, Ulwe and Seawoods in the Navi Mumbai region. The company has witnessed a footfall of over 1000 consumers in these centers in the last 2 months. The company has plans to increase its offline presence by rolling out over 40 such centers in Mumbai by the end of 2023 at an investment of INR 50 million. Gradually, there are plans to spread out across other key real estate markets in India.
Commenting on the development, Ashish Narain Agarwal, Founder & CEO, PropertyPistol said, “We have always been committed to the needs of the consumers and we believe that as we evolve, our service offerings should consistently augment and help enhance the transaction experience of consumers. PropertyPistol Experience Center is in line with our vision of being the one-stop destination for the real estate consumer. This is a synergized effort along with our current online real estate offerings, intending to widen the horizon of our commitment and service offerings to the home buyers. We are creating a differentiation through this exclusive Experience Center and I am quite confident that this model will prove to be a game changer in the real estate industry.”
The company has been a major contributor of business to the top developers in India and has captured around 2% - 4% market share in top metro cities in the country. In the first half of FY22-23, PropertyPistol witnessed a YoY growth of over 27% in terms of the transaction value.