10 Facts That Demonstrate Internet is Transforming the Real Estate in India

1. 53% of consumers today are reliant upon the internet for research and information relating to real estate, while a significant 24% of this growing base of netizens prioritize the internet above all other mass media platforms in this regard.
2. $43 billion worth of Indian realty transactions are directly influenced by the internet.
3. The indexed query volume on Google suggests that real estate queries have gone up by 3% and 1 out of 2 people look up the internet for gathering information.
4. Cell phones are mostly used by enquirers belonging to the age group of 25-35 and/or having an income more than `21 lakhs per annum.
5. A whopping 73% of researchers using smartphones access real estate information through apps that are made by property portals.
6. Most home seekers and prospective renters of commercial properties look up property portals for understanding prevailing market trends and gathering information regarding the properties available for possession or investment.
7. 48% buyers in Tier II cities are influenced by the internet when coming to a purchasing decision while 57% from Tier I cities are influenced by the internet.
8. Buyers seeking properties which are valued between `50 lakhs and `1 crore use the internet extensively for molding their purchasing decision.
9. More than 50% of respondents of a recently conducted survey by a real estate firm have come to a consensus that unavailability of genuine contact information is the biggest issue with online property research.
10. 50% of enquirers have stated that they find aggregator portals more engaging for residential and commercial real estate buying and selling because of the news stories, expert comments and discussion forums available on them.
Team BroEx

BroEx is the largest go-to application platform for Real Estate Brokers to connect with each other to network and collaborate with each other to fulfill their business requirements reliably and quickly.


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