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« Future Group May Tie up with World No 2 Retailer Carrefour | Home | Textile Majors Plan to Enter Real Estate Sector »

GIHED Introduce Computerized Database to Make Home Search Easier for Buyers

Your search for dream home could get less tedious now. And if you are lucky, the realtors will come knocking at your door offering you a dream house within the desired budget. For the first time, Gujarat Institute of Housing and Estate Developers (GIHED), a body of the organized real estate developers across the state, has introduced a computerized database for visitors to gauge buyer’s mood and housing need in the state during the three-day realty show. Every visitor counts for the real estate industry, which witnessed a recent slump owing to slowdown in the market.

The database had more than 1.5 lakh registrations during the show. Event organizer of GIHED Mihir Ranapara said, “The manual process of collecting data at such a mega event was cumbersome and it also sometimes leads to loss of significant feedback of the visitors. This time the whole process has been computerized by putting every minute detail of the visitor. The details include preferred location, price range, type of building – commercial or residential – and loan option.” “This data will be shared with realtors as it will help them in identifying and locating potential buyers for their pet projects,” he added.

The software has been designed in such a way that if a visitor gives incomplete mobile or telephone number it will automatically reject the feedback. On its impact, realtor and president of Confederation of Real Estate Developers’ Association of India Jaxay Shah said, “The GIHED property show has given real estate developers a chance to scientifically analyze the consumer’s needs and requirements. The data will help us in understanding the right appetite of Amdavadis of their residential and commercial needs. It will also do away with brokerage charge which consumer has to pay as realtors can pitch in on their own.”

“It will also give an insight into buyers psychic of what kind of houses they are looking for and in what budget. Moreover, it will also reduce time in deciding upon a home as real estate developers can match them according to their desired needs,” adds Shah. The event saw more than three lakh footfalls.

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