Brokerage firms were always relevant in realty mart, but in todays time their role has become much more significant. In this regard, Rise Infraventures is all set to further revolutionize the market with vast array of services.
Sachin Gawri, Founder and CEO, Rise Infraventures Limited
There was a time when getting in touch with a middleman or a broker was regarded as an unsavoury business. It did not help that for the most part brokers were out to make a quick buck. However, rapid developments in the real estate sector have seen the broker’s job profile changing dramatically. Today, brokerage firms are expected to provide a whole range of services other than helping their clients locate a good property. The firms today provide financial services by helping their clients get loans. They oversee and help in getting through the documentation of the deal. They help the clients bargain a better deal. Brokerages in effect have become a one-stop-shop for buyers.
Though the real estate companies, too, have a sales team but the associates are the added boon to the complete process. In such a scenario, the time was ripe for the entrance of firms which would, so to say, become the retail apparatus for the property market. A firm like Rise Infraventures Limited is a case in point, which aims to be a pioneer in the real estate sector for heralding a change in the realty advisory and consultation services.
Based out of Gurugram, the company is led by industry expert, Sachin Gawri whose career spans across a decade, working with reputed names of the industry. Rise Infraventures is not just a consultancy firm specializing in commercial and residential real estate, but a name setting benchmarks by entering into the business of property transaction, in the year of 2021. Currently a team of 50 seasoned professionals at Rise is offering a broad range of integrated services to Occupiers, Investors, Owners & developers.
A new age brokerage firm Rise Infraventures Limited has started working in the domain of real estate brokering few months back, and has set a target to achieve cumulative revenues of Rs. 1000 crore before the end of current CY 2021. The company plans to launch an office in Delhi, followed by one in Mumbai in October 2021. The company, which was founded a few months ago, is already making a total monthly sale of Rs. 100 crore through its Gurugram office. With a personnel base of 80 people and ten projects under its belt, the company hopes to manage 20 exclusive projects by September 2021.
Talking about the expansion plans, Sachin Gawri, Founder and CEO, Rise Infraventurers Limited, said, “We also plan opening offices in Dubai and London. The demand for luxury residences has increased in the post-pandemic scenario, as evidenced by the fact that luxury sales share has increased to roughly 20% from around 15% in pre-pandemic years. As the number of launches in the premium to ultra-luxury market rises, developers are responding to the rising demand. The percentage of premium and luxury launches has also increased across the country, accounting for more than 25% of total launches this year; this is a significant increase from previous years when the two segments accounted for less than 20% of total launches.”
Rise Infraventures Limited offers a broad range of integrated services to Occupiers, Investors, Owners & developers. “The reach to prospects, in-depth market expertise, large network, unbiased advise, and high level of transparency sets us apart in the industry. We intend to enter the construction business to add a corporate touch to the property sector,” says Gawri. The company aims to establish itself as a leading integrated one-stop, end-to-end solution provider in the micro-infrastructure and real estate sectors.
Digital Disruption through Technologies like AI, ML and Blockchain Set to Transform Indian Real Estate Ecosystem
Artificial intelligence has emerged as one of the biggest disruptors and game changers in the real estate landscape today, enabling a strategic, and empowered buying and selling experience. With the potential to carry out massive technological reforms across the sector AI is driving change with a technology-led immersive experience made possible just at the click of a button.
These views were expressed by eminent leaders from the industry at ‘Leveraging AI in the Real Estate Landscape‘, a webinar organized by Techarc, a leading technology analytics, research and consultancy firm in association with Compass, the overseas development centre of Urban Compass Inc., a US-headquartered technology platform leading change with new age technologies such as AI & ML in the real estate industry.
The panel called for leveraging the power of AI and its potential to transform the real estate landscape especially in India with appropriate investments.
Incorporating data and AI based algorithms is enabling leading real estate platforms like Compass, in decision making process and at the same time is also assisting them in managing the substantial volumes of historic data that has been generated within the industry over the years and monitor bespoke KPIs in order to expedite procedures and extract useful data.
Rushi Bhatt, Sr. Director and Head of AI at Compass IDC said,”At Compass, we strive to provide a platform that can automate certain processes and make the end-to-end process as digital & frictionless as possible with the real estate agents at the centre of all of this. As far as leveraging AI is concerned in Indias scenario, there are two kinds of applications that we need to start building, one is consumer-facing that involves digital marketing, virtual walkthroughs, lead generation etc and the other is gaining insights such as which houses are most likely to sell by the end of the year etc. AI adoption across the Indian Real Estate landscape has still got a long way to go but the growth is definitely possible with appropriate investments.”
AI has made significant inroads within the Indian real estate landscape & is expected to further stretch its reach in the coming years. As per recent reports 93.8% believe such technologies like cloud & AI will be used for analytics-based recommendations & 67.1% of respondents have suggested that AI & ML will be frequently used in Indian real estate in the coming 12-36 months.
Prashant Solomon, MD, Chintels India & Hon. Treasurer CREDAI NCR said, “COVID was a great opportunity for the real estate industry because it forced us to change how we work & think. One of the immediate effects that we observed was a large move towards online transactions & searches, increased use of VR & AR to conduct virtual tours of properties and using technologies like drones & AI. Thanks to AI & the algorithms that are being introduced, people are able to find houses based on their liking & their requirements. Real Estate is not limited to just providing a house but providing a complete ecosystem & the only way you can achieve that is by adopting technologies like AI.“
Prasanto Kumar Roy, Technology Analyst and Commentator said, “Real estate Industry is poised for disruption with parallels in the tax sector, legal sector & documentation. In the last two years, we have seen increase in new-age technologies like AI, ML, Video walkthroughs. One big area of disruption will come in discovery & matchmaking. As far as the industry is considered, Indias real estate market has a couple of leading-edge firms that are leveraging AI & we will soon be witnessing the rise of many other firms like these. This will surely push the ecosystem to increased adoption of AI across Real Estate Landscape.”
Pranav Kaushik, Partner, Digital Transformation, Grand Thornton dGTI, India said, “The sector is embarking on continuous digital initiatives but there’s still a lag in some of the areas where tech has not permeated. A change in the management aspect & reskilling of the workforce in organizations will ensure a sustained digital transformation in the real estate sector. Technologies like AI, ML & Blockchain will help connect the whole ecosystem including the regulators, agents, and the companies to freely and securely exchange information.”
The event was moderated by Faisal Kawoosa, Founder & Chief Analyst, Techarc said, “Immersive technologies accompanied by AI & ML are augmenting the personal touch that is required across the real estate sector. But owing to the industrys nature of being a highly competitive & capital-intensive market, the startups across the real estate industry might require support from the existing leaders to take forward this technological disruption.”
To download Leveraging AI in the Real Estate document, click here.
Kinara Capital Launches myKinara Mobile App for MSME Collateral-free Loans
Kinara Capital, a fast-growing fintech, recently launched myKinara mobile app that comes with a simple 3-step process and is a first-of-its-kind in the unsecured MSME business lending space. myKinara app, now live on the Google Play Store, puts the power at the fingertips of small business entrepreneurs to securely apply and receive collateral-free business loans digitally within 24-hours turnaround time (TAT).
Kinara Capital launches myKinara App
Leveraging years of Kinara’s proprietary data-driven AI/ML-based credit decisioning, the myKinara app now makes the digital process used by field officers directly accessible to MSMEs in India. The myKinara app is available in multiple languages including, English, Tamil, Hindi, Telugu, Kannada, Marathi and Gujarati. Women-owned MSMEs qualify for an automatic discount under the company’s HerVikas programme, without requiring any separate application.
Video link: www.youtube.com/
“With the proliferation of smartphones, MSMEs are ready and willing to participate in digital India, but there are limited solutions for them. Our vernacular myKinara app extends our financial inclusion commitment by enabling small business entrepreneurs to create a self-directed loan application journey. Fast decisioning, processing, and disbursements in a span of 24 hours goes a long way in meeting the demands of our customers, thereby supporting their business growth,” said Hardika Shah, Founder and CEO, Kinara Capital.
Small business entrepreneurs can check their eligibility in under 1-minute without any document uploads in the first step. By completing KYC and income verification in the app directly, the applicant will receive a loan decision with details of the approved loan amount, interest rate, loan tenor and the approximate Monthly EMI. They can then continue the loan disbursement process with an e-sign option.
With the myKinara app, small business entrepreneurs can choose to complete the process in their own time with help always just a click away. They can contact Kinara’s multilingual customer call center directly from the app, or request for doorstep customer service if they need in-person support. Kinara’s vast network of 110 branches will continue to help local MSMEs and follow the same digital process as available on the myKinara app.
About Kinara Capital
Kinara Capital is a fast-growing fintech propelling financial inclusion of small business entrepreneurs in India. Boasting a women-majority management team, Kinara Capital has set itself apart in the industry with its emphasis on social impact and profitable growth. Globally recognized for its innovative approach, Kinara earned the ‘Bank of the Year-Asia‘ award by the IFC, is ranked among the ‘Top 100 High-Growth Companies in Asia-Pacific‘ by the Financial Times and is named among ‘India’s Growth Champions‘ by the Economic Times. Kinara Capital is qualified as a Systemically Important NBFC by the Reserve Bank of India and is a debt listed entity on the Bombay Stock Exchange (BSE). Founded in 2011, Kinara Capital has made a mark with its innovation in financial inclusion by providing fast and flexible collateral-free loans in the range of INR 1-30 lakhs across 300+ MSME sub-sectors serving 3000+ pincodes in India. Headquartered in Bangalore, Kinara Capital has 110 branches across 90+ cities in India. Click here for more information kinaracapital.com and follow us on Twitter @KinaraCapital. Download the myKinara app on the Google Play Store.
This press release may contain projections and other forward-looking statements regarding future events or future financial performance. These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Given business risks and uncertainties, undue reliance on these forward-looking statements should not be placed. Actual events or results may differ materially from those contained in the projections or forward-looking statements.
Great Place to Work India and Monster.com – A Partnership that will Determine the Future of Workplace Culture in India
The voice of the nation is about to be amplified. Resolute in its vision of Making India a Great Place to Work For All™, Great Place to WorkIndia has embarked on a journey of articulating the current state of workplace culture across India. Partnering with the Institute in this bold move is Monster.com, the pioneer of digital recruitment and a leader in the corporate employment sphere.
Calling it the National Trust Index, the two organizations will be partnering to gather the voice of employees across India through Great Place to Work India’s proprietary framework and will be publishing the first research report – and India’s first National Trust Index – in early 2022.
In their pursuit of redefining workplace culture in India, the two organizations have also launched a one-of-a-kind initiative to help candidates find employers with great workplace cultures. Candidates would now be able to directly search for Great Place to Work-Certified™ organizations on the Monster website. These organizations would also be given a Great Place to Work-Certified™ badge and will have a separate page on the Monster website with openings only from the Great Place to Work-Certified™ companies.
Commenting on the partnership, Sekhar Garisa, CEO, Monster.com, said, “We, at Monster are in perpetual pursuit to connect the right people to the right jobs. Even as we offer a wealth of talent on our platform for organizations to tap into, we are committed to ensuring that job seekers too have a transparent and holistic view into the company culture of their prospective employers. In keeping with this thought, we have partnered with Great Place to Work India to highlight such organizations. We are also creating a comprehensive index that showcases the most trusted organizations and helps job seekers make informed career decisions.”
Yeshasvini Ramaswamy, CEO, Great Place to Work India said, “This initiative will give India a first-of-its-kind index on workplace culture. The National Trust Index is a barometer that will directly impact decisions at all levels from across organizations to government and industry bodies, leading to a positive shift in the country’s economy. Our vision is to make India a Great Place to Work For All™ and we are determined to ensure that every employee’s voice matters and contributes towards the transformation the country will be witnessing. We are delighted to be partnering with Monster.com in this endeavor and reaching out to the employees across the country through this partnership.”
About Monster APAC & Middle East
Monster (a Quess Company), the leading online career and recruitment resource, with its cutting-edge technology provides relevant profiles to employers and jobs to jobseekers across industry verticals, experience levels, and geographies. More than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the widest and most sophisticated job seeking, career management, recruitment, and talent management capabilities globally.
Monster continues its pioneering work of transforming the recruiting industry with advanced technology using intelligent digital, social and mobile solutions, and a vast array of products and services.
To learn more, please visit: www.monsterindia.com.
About Great Place to Work
Great Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions. The Institute serves businesses, non-profits and government agencies in more than 60 countries and has conducted pioneering research on the characteristics of great workplaces for over three decades.
Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For AllTM.
- Digital Disruption through Technologies like AI, ML and Blockchain Set to Transform Indian Real Estate Ecosystem
- Kinara Capital Launches myKinara Mobile App for MSME Collateral-free Loans
- Great Place to Work India and Monster.com – A Partnership that will Determine the Future of Workplace Culture in India
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