Real estate advisory firm HDFC Realty in association with www.iBidmyHome.com has launched multi-property online home auctions, a concept that will help home buyers to bid for their dream homes from top developers at below market prices.
The initial launch of this initiative will feature projects in Bengaluru, Chennai, and Kochi.
The online home auctions will have features such as pre-screening of projects/ developers, real-time auction statistics, online bid submissions, and pricing insights, among others.
HDFC Realty has a residential footprint in 23 cities and commercial reach in 50 cities across India.
HDCF Realty CEO Vikram Goel said, “Home buying is mainly driven by two critical factors, ‘affordability’ and market sentiments’. We, in association with www.ibidmyhome.com, multi-property online property auction portal, are proud to announce a pioneering effort that has been launched to aggregate home buying demand online and help customers bid and buy homes at a price decided by them in a pre-defined price band.”
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