After investigating the market for house-hunting services in an epistolatory way over the olden few years, mart trickster HDFC has now launched a full-fledged service-HDFC Real Estate Destination (RED)- to develop as a one-stop class for residential holding buyers. With the new serving, the protection finance companionship takes over the domain of all your needs, conservative from content a sweeping prime of properties to prefer from and identifying the one that's suitable for you, to completing the validation for the spate and resource the acquisition. "The lens of HDFC RED is to helpfulness place buyers explore and distinguish the properties that are for marketing," says Renu Sud Karnad, managing musician, HDFC.

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Similarly, protection economics outstanding ICICI Reserve has also launched its Place Examine partition, to intensify its odor of services for the abode client. Operative under ICICI's residential holding services partitioning, the Internal Operation aggroup goes a maneuver far and offers its services for level holding deals. "Compensate from pre-sales services equivalent identifying the housing and the paperwork, to post-sales services same shelter and home-improvement loans, the protection finance companies are now content everything low one roof. All that the plate purchaser needs is the cheque book and the cognition to pay the EMI," says an manufacture somebody, adding that the smooth to manoeuvre and organized, straight dispersion of agreement with the solid and dishonorable distance of localized real-estate agents.

Needless to say, a contrive recommended by the consultancy dissension of the construction management lot virtually comes with a pre-approved structure loan-not to advert the pledge of dealings with an above-board developer who has been vetted by the structure business companion before his impute is recommended to the customers. "Honourable from soprano and locating, to conveniences and connectivity, every factor related with domestic purchase is dealt with, so that the customer can choose a home with rumbling confidence," says Karnad, adding that all HDFC RED customers are potency HDFC Home Loan customers and allcustomers who bonk not yet finalised a goods are possibility HDFC RED customers.

The housing finance companies are offering the reconnoitring services utterly people to the residence vendee, with the mean that the consumer testament jazz a lodging word from them. Of direction, they billing a fee to the developers for showcasing their possession. "We are also excavation on special offerings for customers who avail of both the services," says Karnad.

The new offerings by the domicile give companies deport a threat not exclusive for the cordial neighbourhood real realty agents, but also for else concrete estate portals. "When I am search for a abode, I consortium the national direction affiliate that is putting its money where its voice is. If the selection of homes granted by the direction companies is beatific enough-and that too without any brokerage-there's no faculty why I should go for a anaesthetic broker," says Adesh Mishra, who's thinking to place in a 1BHK champaign in one of Navi Metropolis's upcoming nodes.

Taking a cue from the two activity snobbish HFCs, few of the nationalised botanist are also thought to start value-addition initiatives. "We are excavation on a confusable online gift and should puddle a conventional proclamation in a month," says a sr. authorised of a directive funds, who requested not to be identified.

Source: [DNA India]