NoBroker.com launches services in Hyderabad

Hyderabad: Bengaluru-based NoBroker.com, which offers brokerage-free real estate and related services, on Wednesday launched its services in the city. The startup which currently operates in Mumbai, Bengaluru, Pune, Chennai, and Gurgaon, lists residential as well as commercial properties for rent/buy/sell and attracts customers due to its unique brokerage-free proposition.

Its foray into Hyderabad comes on the back of the recent Series C funding led by General Atlantic and underscores its commitment to leverage cutting-edge technology to transform the real estate space in India. Over 33,000 people are already using its services in Hyderabad. So far, the platform attracted 15,000 listings from the city.

"As an established IT hub, Hyderabad has seen exponential surge in the number of young professionals coming into the city and looking for accommodation. A large percentage of these new-age consumers do not appreciate the age-old ways of finding a home through property brokers and have preference for hassle-free, more independent methods of house hunting. We provide such hassle-free services,"

Saurabh Garg, CBO and co-founder of NoBroker.com, told the media here. Akhil Gupta, the company's CTO and co-founder, said: "Since its launch in 2014, NoBroker.com has spearheaded the transformation of the Indian residential and commercial real estate spaces with its novel C2C approach, leveraging innovative technologies and AI-assisted tools to eliminate brokers".