Thursday, August 11, 2022
Techiexpert.com
No Result
View All Result
  • Login
  • Register
Exclusive Videos
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
No Result
View All Result
TechiExpert
No Result
View All Result

NoBroker uses AI for Delivering Free Real Estate Experience

Srikanth by Srikanth
March 12, 2019
in Startup news
Reading Time: 2 mins read
NoBroker uses AI for Delivering Free Real Estate Experience
10
SHARES
144
VIEWS
Share on FacebookShare on Twitter

The real estate market long since, it has been hailed as a natural fit for the application of Artificial intelligence and machine learning models, is formulated because of its fragmented nature, filled with brokers and intermediaries watching to get in the middle of a tenant that looks to purchase or rent a house.

Clearly, in India, broker culture is so widely carried out to a point wherein brokerage now has become acknowledged as a social norm. Mentioning to refine this, Saurabh Garg, Amit Agarwal and Akhil Gupta founded ‘NoBroker.in’ back in year 2014, earlier. The site aimed at abolishing brokers from the real estate market since they do not sum any value to the real estate market. While, brokers function on selfish means and do not give the customers a perfect match for their house search, this method of broker seemed useless.

NoBroker stepped into the market aiming to introduce an AI/ML solution to the widespread broker problem specially in India. Presently, it is one of the leading data-driven real estate companies in India, with over 1 lakh properties that is being established over the past month. The website further, also introduced various AI-based products such as Rent-o-meter, livability score and transit score for sanctioning a democratic house search for customers.

Akhil Gupta stated about how NoBroker facilitates all transactions on the platform, sanctioning them to profit a huge number of leads in the process. Also according to him, it would lend a hand in building the machine learning and AI that will also be effective to provide insights to the customers. Further, demonstrating the data-first approach of the company, Akhil claimed, “One thing we made sure of is that we have all kinds of data,

we don’t lose out on any data. So we designed our system that way, we had a huge amount of data in the system.” The company earlier, began operations in Mumbai, and further expanding to multiple cities such as Bangalore, Pune and Chennai. Recently, the company headquartered itself in Bangalore.

The objective of NoBroker was to develop and formulate a platform where brokers will not be granted permission, but this was only the beginning of AI being used in the service. Reportedly, NoBroker found problems with the owner not picking up the tenants calls. Observing this, NoBroker steadily initiated a change that could fix this present issue faced by the consumers on the app.

Hence Akhil said, “We introduced something called “Call Alerts”. Now what happens is, the owner has the app, and the user has the app, and when the user calls, even when the owner doesn’t have the user’s number, there is a card that flashes up telling the owner that a user from NoBroker is calling them.”

The Rent-o-meter functions on the principle “every property is unique, and no two are the same, even if they are in the same building,” stated Gupta. He further commented “What we have done is we have around 70 attributes of the property and we have created a prediction algorithm. So what it does is, at a street-level accuracy, it predicts the rent for a property. This is a self-learning ML algorithm which will get more and more powerful as more transactions continue to happen on the platform.”

Tags: AI StartupAkhil GuptaAmit AgarwalBangalore startupsdigital real estateNoBrokerSaurabh Garg
Share4Tweet3Share1Pin1

Most Read

  • What is windows modules installer ? How to Enable/Disable

    What is windows modules installer ? How to Enable/Disable

    1387 shares
    Share 555 Tweet 347
  • Are You Disturbed with a Mouse pointer? 5 Tips to hide mouse pointer in chrome

    192 shares
    Share 76 Tweet 48
  • Google Play stores new policies to block full-screen ads

    16 shares
    Share 6 Tweet 4
  • How to make a chatbot using HTML

    254 shares
    Share 101 Tweet 63
  • How to Track Activities an Instagram account?

    156 shares
    Share 62 Tweet 39
  • How to draw/create a radius on google maps?

    132 shares
    Share 52 Tweet 33

Recent Stories

4 Step Guide to Redesign Your Website

4 Step Guide to Redesign Your Website 1
Share4Tweet2Share1Pin1

Instagram users are upset with scrolling like Tiktok

Instagram users are upset with scrolling like Tiktok
Share4Tweet2Share1Pin1

Google street view for India to be back

Google street view for India to be back
Share4Tweet2Share1Pin1

What Does Your Company Need To Encrypt?

Office 365 Email Encryption
Share5Tweet3Share1Pin1
  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

© 2022 All Rights Reserved

No Result
View All Result
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media

© 2022 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cookie Law Notice
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT