RealtyCompass –
Launches Genuine Property Deals – First Time in India..
Why wait for builder
discounts when our algorithm can suggest you 100’s of available genuine property
deals.,
Deal = (ΣY - b(ΣX)) / N +
(NΣXY - (ΣX)(ΣY)) / (NΣX2 - (ΣX)2) *X - Y
Realty compass has
launches Real Estate genuine property deal algorithm to buying property with
maximum price saving in India.
What is “Genuine Property
Deal”?
Given the umpteen
choices of new projects you have today, it is difficult for you to identify the
project which is value for money and also fits in your budget. “Our Property Deals” is
helping you identify projects from emerging builders who are creating high
quality product at a price much lower than other builders. It also helps you
compare varying per square feet rates in a locality by adjusting it for
possession date.
“Genuine Deals” feature is different from
other property portals which typically show promoted deals, rather than genuine
deals which consumers should lap on. This helps to save in your property budget
upto 50 %.
How
is it calculated?
The deals shown on realty compass platform are
arrived using an algorithm which performs the regression analysis of all
projects in a locality and arrives at projects where the square feet rate is
lesser than the similar rated projects.
The algorithm normalizes the rates of
different projects basis the possession date and carpet area, so that prices
can be compared on equal terms. Further the algorithm also takes into
likes and dislikes of people and sorts the deal accordingly.
What
can you get out of it?
With the help of the platform you can
potentially save money by investing in projects which are available 20% to 25%
lower than the fair value of the project. You can also look at the deal in a
locality based on the property type and budget.
You also have an option
to like (or unlike) the deal and the most liked deal is shown on preference.
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