Housing ministry launched an e-commerce platform

The main objective of the e-commerce platform is to bring transparency in the sector and offer only certified projects.
Sudha

Updated: Jan 16,2020 09:31:34 am

Housing ministry launched an e-commerce platform

14 January 2020 Current Affairs:Housing ministry launched an e-commerce platform, housingforall.com, to facilitate homebuyers in identifying genuine properties. The move aims to bring the trust back in the real estate sector. It was launched by the National Real Estate Development Council (NAREDCO).​​​​​​​

Aim:
The main objective of the e-commerce platform is to bring transparency in the sector and offer only certified projects.

e-commerce platform:
♦ The e-commerce platform is for projects that have received occupancy certificates (OCs).
♦ The companies are expected to create a seamless, safe and transparent home-buying experience for home buyers. 
♦ The portal will enhance the liquidity flow in the industry and contribute to the growth of the economy. 
♦ The portal will be open for one month only for the real estate developers to register their projects. After that, the portal will be opened for home buyers with a 45-day sale period starting from 14 February 2020. 
♦ The portal has been designed for all industry stakeholders. It has a powerful backend that manages and displays the most accurate inventory data in the market. It also, allows the buyers to book their flats directly online.
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