Real estate developer launches property exchange app


AHMEDABAD: Gujarat-based real estate developer 7 Oak has launched “Bada Property Exchange Application” to ease the process of discovering and exchanging properties.

The platform would enable customers from Indian cities and towns identify individual properties that need to be exchanged across locations. “A customer from Gujarat may for insance, put her flat in Ahmedabad for exchange against a property – shop, flat or plot of land – in Surat or Mumbai. When the two buyers and sellers agree upon the respective pricing of the properties, they may enter into a transaction to sell the properties, thereby exchanging them,” said Rajdipsinh Chudasama, director of 7 Oak.

“While we are not eliminating property consultants from the system, we are opening a platform that would bring in more transparency and customer control,” Hardeepsinh Rana, COO of Bada Property Exchange said. “Since the buyers and sellers would be able to check out respective property listings, the chances of being manipulated by a property consultant would be eliminated completely,” he added.

The company has accredited property consultants whose services may be sought once a buyer and seller find a match. “Ahmedabad city has 20 property consultants who are on the panel of the company. Any customer can take the service of these consultants and give him brokerage. A consultant can be avoided if any party feels that it has satisfactory deal,” Rana said.