The Rise of Online Real Estate Platforms in India
The Indian real estate market is undergoing a significant transformation, with online platforms playing an increasingly important role in connecting buyers and sellers. But just how many people in India are actually using online platforms for their real estate transactions?
The Number of Online Real Estate Users in India
According to a recent report by the National Real Estate Development Council (NAREDCO), the number of online real estate users in India is estimated to be around 20 million. This number is expected to grow significantly in the coming years, as more and more people become comfortable with using online platforms for their real estate needs.
Factors Driving the Growth of Online Real Estate Platforms
Several factors are driving the growth of online real estate platforms in India, including:
- Increased internet and smartphone penetration: The rapid growth of internet and smartphone penetration in India has made it easier for people to access online real estate platforms.
- Convenience and efficiency: Online platforms offer a convenient and efficient way for buyers and sellers to connect and complete transactions.
- Wider range of options: Online platforms offer a wider range of property options than traditional channels.
- Transparency and accountability: Online platforms provide greater transparency and accountability in the real estate transaction process.
Conclusion
The use of online platforms for real estate transactions is on the rise in India, with an estimated 20 million users currently using these platforms. This number is expected to grow significantly in the coming years, as more and more people become comfortable with using online platforms for their real estate needs.
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