Merits of group buying

Merits of group buying

 The concept of forming a group and buying that dream house at a great discount has been introduced by Groffr.com, a website that offers an opportunity to bring together individual seekers of homes in Bangalore, Mumbai, New Delhi, Pune and Hyderabad. The portal facilitates individual buyers to save their money, time and efforts, and for developers to liquidate their inventories quickly. 

All a buyer has to do is show an interest in the deal mentioned on the website by contacting the concerned person and get registered. The market price at which the property is actually sold is mentioned along with the deducted amount that Groffr.com offers and is termed ‘Groffr Price’. The required group members and the last date for registering to the deal are also cited. Also, buyers can suggest a deal in ‘Start Your Group’ section, in which after starting a deal of their own choice, they can combine like-minded people to form a group. On forming a group, Groffr.com’s team steps in and negotiates the best deal with the developers on the buyers’ behalf. Also new developments in the real estate sector are mentioned on Groffr’s blog, as and when they arrive.

Groffr.com has been started by Vikhyat Srivastava and Sandeep Reddy. Explaining the rationale behind the project, Vikhyat Srivastava said, “The booming real estate industry and the continuing demand for houses have encouraged us to start this venture.”

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