Real State Funding Decision enhanced by Due Diligence application
Technology as the watchdog
Eval Realty Solutions India is a Real Estate Advisory Company with the objective of simplifying the complex Real Estate market with mission “Realty Solutions Simplified” for their clients. Their aim is to deliver services in all Metro and tier 2 and tier 3 cities of India.
The Government of India has have taken various steps to promote the Real Estate sector in the form of relaxed home loan slabs, rate cut, schemes to promote housing finance and construction finances. Recently, India has witnessed major reform of RERA (Real Estate Regulatory Authority Bill’ 2016) and GST (Goods& Service TAX- One India One TAX) under Government of India’s dominium, it is to check fraudulent operators and to control the unorganized Real Estate Sector backed by unorganized finances. Role of regulatory bodies like RERA aims at Regulation and Promotion of the Real Estate, Sale of Real Estate Project in Transparent Manner, and protect interest of customers buying property in such projects. Post RERA Real Estate market leads to transparent transactions and in a way changed the direction of working of developers and Financial Institutions.
Eval’s services offered helps lending institutions/ Private Equity firms/ Individual buyers/ Real Estate consultants/ Real Estate Marketing firms/ Banks/ NBFC/ Regulatory authorities to take informed calls or to take required decisive actions. Be it a construction update or any Market intelligence report, their products comprise all types of evaluation in form of Project Due diligence, RERA Consultancy, Project Monitoring, Micro Market research and advisory, Project Feasibility study, Construction Funding and Project valuations, Corporate valuation, Tax related Valuation, Immovable Property Valuation, Builder/ Project rating/ Scoring, Regulatory compliance check,Legal opinion, Lender’s Engineer Services and Technical valuation software technology Support & Services.
Pragnosis offered an optimum solution for their business challenge. We aggregated real estate projects data from across the real estate companies and integrated to self-learning knowledge base. The next step was to automate the system and the IT process.
By leveraging Pragnosis solutions, there have been visible improvements across Eval operations – improved compliance, real time reviewing of the real estate company’s statistical data and the current project evaluation and analysis to see the viability and transparency of the given project. This created much value addition to Eval’s delivery and accountability. Pragnosis created web applications for survey and mobile applications for keeping a real time surveillance of the projects concerned by the banks and other bodies involved. NBFC & Banks using this application get ad-hoc reports and value addition by Eval which helps them to take a decision whetherto fund that project.
Outcomes of Pragnosis’ IT Solutions provided to Eval
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