The Untapped business opportunity in Real estate as “Home inspection company”.

The real estate industry has restarted to recuperate organically after the pandemic flare-up. Numerous builders had begun work to complete unfinished projects. As indicated by CBRE data, July- September 2020 home sales have increased by a strong 86% on a quarterly basis. As against 12,000 units in Q2 2020, 22,000 homes were sold in Q3, 2020. There are numerous factors to increase sales, like policy support through last-mile funding, low mortgage rates, reduction in the stamp duty, and reduce property registration fee in couple of states.

Real-estate demands raised from tier 2, and tier 3 cities across India. Today’s youth will migrate to different cities to get good quality jobs. Throughout the timeframe, these job holders would like to get settled or for the investment purpose might like to buy a house in an apartment.

 

Possessing a fantasy house needs to go through heaps of paperwork and finally you need to compare the promised vs delivered property. When the purchaser paid 90% of the amount builder will call them requesting to check the house and take handover by paying the rest of 10%. This is the crucial time for a purchaser to check the house workmanship.

The Problem?

 

While selling a flat builder may have given specific quality promises. Buyers need to check all the aspects of homes before moving in. As a common man or a person not having a background of constriction, it’s backbreaker him to analyze the quality of the constriction and checking the whole house for the snags. Buyer calls known engineers to check the workmanship. But most of the buyers go with the builder’s words and take over the building’s possession. 

The solution.

 

 

“Nemmadi.in” a professional Home inspection company is offset of 4 decades of constriction experience. The purpose of the company providing peace of mind for home buyers as all checking tasks taken care of by the professional engineers of “Nemmadi.in”.

 

What point do we need to check before moving in?

·      Specification – Given by the builder

·      Constriction quality

·      Dampness

·      Area calculation as per RERA ( Real Estate Regulatory Authority)

Tiles fitting, chips, Electrical work, plumbing work, painting work, furniture quality, bathroom fittings, common area facilities, quality of the products. And many more

“Nemmadi.in” is the company having highly experienced engineers who make a checklist to inspect as per the specification given by builders at the time of selling homes. For 1200 sqft house will have 1200 to 1500 checkpoints. Small snag repair cost  may be Rs. 500 and total snag of the home come out to be 100 then the buyer would have paid Rs.500*100 = Rs 50,000. Area of house is a more critical point in the home inspection, As Per square foot, the buyer might have paid the lowest value would be Rs 5000, if he ended up losing area of 100 Sqft then his loss would be Rs 5000 X 100 = Rs 500000/- and this is before moving in the home.

 

“Nemmadi.in” check each and every part of the home on constriction quality, dampness, plumbing work, Electrical work, tie’s fitting, painting work, etc. Based on details checking report will be prepared

 

They additionally check Apartments, villas, individual houses, any and every constriction-related work.

“Nemmadi.in” company is established by Mr. Uday Simha Prakash. based out of Bangalore having experience in constriction and software designing. He had understood the biggest gap in the demand and supply for home inspection industries. After a few years of hard work and dedication, he came out of the software by using tools that can scan the home and share the report with the manual interface.

 

In Bangalore “Nemmadi.in” is able to get inspection leads after covid is 100 to 120.  Chennai they have their own franchise partner to deal the business. After the successful operation of Bangalore, Chennai, Goa, Pondichery, and Visakhapatanam now Nemmadi.in would like to add partners in Hyderabad, Mumbai, Thane Pune, and all south India prominent real-estate cities.

 

Nemmadi.in inspection process.

Once assigned “Nemmadi.in” they get the builder project details, Prepare the chick list, Team of qualified engineers will visit the property and start inspecting with tools like thermal scanner and camera. After completing all checklists the result will be captured in the software. After analysing each detail in the software senior engineers will prepare the home inspection report with the picture and softcopy will share the customer.

 

Services

o   B2C Home inspection

o   Dampness Inspection

o   RWA Handover

o   B2B Project Inspection

o   Dsnag

o   Saas

Benefits of the report.

 

Customers can download the report and analysis it. The report is self-explanatory, the buyer can sit with the builder and discuss all snags and ask him to get it clear before moving in. As the report is a third-party audit report  the builder has to respect and get the defective area repaired. It also cost him his reputation.  Once the repair is done customer still can engage “Nemmadi.in” for reinspection.

 

“Nemmadi.in” is not just a business model but it gives the home buyer confidence that he get the same property as he was promised and not got cheated.

 

Real estate future will be in 1 tier, 2 tier, and 3 tier cities of India. These small-town buyers really need service like “Nemmadi.in” a home inspection company to check their dream homes come with all amenities that they paid for.

 

Precaution is better than cure.