(1888PressRelease)
April 29, 2009 - Real estate buyers and owners who need to find current value of their property and real estate rates in India can now do so online from the comfort of their home or office. Zamanzar.com is the first Indian real estate portal to release an online tool that lets anyone calculate a property value estimate (ZamEstimate(TM)) within seconds for properties in Delhi NCR, Mumbai, Ahmedabad, Pune, Jaipur, Lucknow, Bangalore, Hyderabad, Chennai, and Kolkata. You can go to Zamanazar's online property valuation tool given below right now, fill out a small form, click the Submit button and get an online property value estimate.
http://www.zamanzar.com/India-property-value-estimate
The ZamEstimate(TM) gives you a price estimate as well as links to the TOP 5 most similar properties currently for sale on Zamanzar.com.
Viewing these similar properties allows you to use human judgment to understand the basis of the ZamEstimate(TM) calculation. It also shows you an accuracy percentage, with which you can understand the extent of accuracy of the estimate given. Zamanzar.com also offers an offline, manual property valuation service for a fee where you get a written property valuation report signed by a licensed property surveyor.
A buyer who used this feature said, "I think this is a quick and easy way to find what the prevailing property rates are in any area. The ZamEstimate(TM) for a 3 bedroom apartment, 1500 sq ft in Defence Colony, New Delhi came out to Rs. 2.80 Cr +/- 1.73%. This estimate was in the price range quoted to me by a local real estate agent."
"The ZamEstimate(TM) tool is part of Zamanzar.com's vision to provide a real estate information platform for all stakeholders in the Indian real estate industry. We continue to work towards more online and offline innovations that will empower real estate consumers to make better real estate decisions", said Nisheeth Ranjan, Founder/CEO of Zamanzar.com. "The tool is currently in Beta mode and we will continuously improve it to add many more parameters based on user feedback", he added.
Zamanzar.com is currently ranked within the TOP 10 real estate portals in India according to Alexa traffic rank. The company was started in 2007 by Nisheeth Ranjan, a graduate of Cornell University and Stanford University, after having worked in Silicon Valley, California for more than 10 years. Zamanzar.com provides an end to end solution for buying/renting/selling residential or commercial real estate across India. The real estate portal has more than 200,000 property listings and offers online and offline services for buyers, renters, owners, agents, and builders. These services include online marketing, property tours, property appraisals, title checks, financing, negotiation, legal paperwork, property registration etc.
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