Discover 1acre.in , Co-Founder Ratna Kiran, that aims to revolutionize the real estate sector by digitalizing land transactions. The platform provides comprehensive and verified information for land deals, aiming to reduce the reliance on traditional brokers.
Website: https://www.1acre.in/
Key aspects of 1acre.in discussed include:
Problem Solving: The platform addresses challenges such as the difficulty in finding available lands, the lack of reliable information, time-consuming searches, and the prevalence of legal issues like court cases or survey number mismatches, based on the belief that "Every problem is an information problem".
Information Digitalization and Verification: 1acre.in compiles and digitalizes scattered land information, making it accessible to users, and performs basic verification of documents and listing authenticity.
Business Model: While land listings are free for owners and agents, 1acre.in generates revenue by facilitating larger "facilitated lands" deals for serious buyers, such as large-scale investors or builders, where they charge for their efforts in screening and connecting. They also scout land for builders and investors in multiple cities.
Transparency Initiatives: The company has digitalized critical information like master plans, FTL (Full Tank Level) and buffer zones for lakes around Hyderabad, making it freely available to the public. They plan to digitalize all layouts around Hyderabad to help users identify their properties.
Growth and Future: The company is bootstrapped and has been live for approximately two years. They initially focused on Telangana, accumulating over 5,000 listings, and have since expanded to other South Indian states, with around 3,000 more listings. Future plans include land monitoring using satellite or drone imagery to address property management issues, especially for NRIs.
Regulatory Differences: Ratna Kiran notes that while Telangana faces challenges like survey number mismatches and lags in digitization, other states like Odisha are more advanced, providing comprehensive land information through digital platforms.
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Ratna Kiran Reveals BIGGEST Secret to Success in Digital Real Estate with 1Acre.in | Full PODCAST
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