Current Affairs

E-com Platform Launched for Real Estate Sector

Current context: Housing ministry has launched an e-commerce platform to facilitate homebuyers in identifying genuine properties.
E-com Platform Launched for Real Estate Sector 
  • The objective of the e-commerce platform is to bring transparency in the sector and offer only certified projects.
  • The portal ‘HousingForAll.Com’, will help buyers in accessing best priced inventory by builders for a limited time.
  • The online platform is for projects that have received occupancy certificates (OCs) and is expected to create a safe and transparent home-buying experience for home buyers.
  • Buyers will be able to view complete listing info including floor plans, room dimensions, video tours of units and external views looking out from windows / balconies.
  • Buyers will also be able to directly book/reserve a unit from the portal with a refundable payment of only Rs 25,000.
  • They will also get 'Money Back Guarantee', where their initial buyer deposit made on portal is completely secured and fully refundable in case buyer elects not to purchase the unit.
  • Customers will be immediately notified if any units they have shortlisted are already sold.
  • After the launch, the portal will be open for one month only for the real estate developers to register their projects following which the portal will be opened for home buyers with a 45-day sale period starting 14th February 2020.

Question: 

Q.1 The Housing Ministry has recently an e-commerce platform ___________, to bring transparency in the real estate sector and offer only certified projects to the Homebuyers.
a. RealstateHomes.com
b. HousingForAll.Com
c. EasyHousing.com
d. MakeHousingEasy.com
E-com Platform Launched for Real Estate Sector E-com Platform Launched for Real Estate Sector Reviewed by Neha Verma on January 16, 2020 Rating: 5

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