Patna is the 5th fastest growing city of India, with its roots steeped in agriculture, sugarcane, grain and sesame are its three largest exports. Real estate is the fastest growing sector in India and accounts for 3% of total GDP share in Indian economy. Multiple hurdles and fraud practices has spoiled this segment. No doubt, being a sector where the cash flows are huge and quick, it also underlines higher risk factor if the settlement is not done smartly. A lot of opportunity exists in this sector for the ones who can handle it well. Perceiving this opportunity, some young minds joined their hands together to help property seekers in the state. It was on August 8th, the company’s domain was brought into existence in Muzaffarpur district as “Propertybihar.com”.
Propertybihar is an online platform which helps property seekers and sellers to trade their properties online in a secure manner. It has an inbuilt platform which helps residents of Bihar to list their property online for sale. This helps the property owners to get the best price for their assets.
Company’s Growth and Traction
The company reached break-even in just few months and the platform saw a large growth of visitors. Talking about the online reach the founder mentioned
” We clocked 1.5 Lakh visitors by January 2017. Also, there were around 8000 property listings carried out at our portal. Our database grew huge and this gave the platform a wider reach for the property buyers. Currently we have 12000 visitors per month and this is growing at faster scale.”
How’s Propertybihar different?
The approach towards this sector helped them to stand out. Here are few attributes which helped them stand out:
- Niche Targeting: Restricted geo targeting only for Bihar.
- Single Click Registration: Visitors can list their property in just one click.
- Simple UI: The user interface has been made very friendly for visitors to list, find and sort the property as per their buying preference.
- Tursted & Verified Sellers.
The company is gradually growing faster and aims to scale 10x by the end of 2017. The client database is growing enormously day by day and this should be the next Google for real estate sector for people residing in Bihar.
Website: Property Bihar