10 Reasons Why Your Home Loan Got Rejected!

ASK YOUR HOME LOAN QUERIES HERE #HOMELOANTALK

Home Loan plays an important role in helping one finance and buy their dream home. You may want to buy a new home or construct one from the scratch, applying for a home loan has a few formalities starting from submitting application to disbursement of loan amount. Keeping basic documents in hand ready saves time and efforts. More often than not new loan applicants are unaware of the complications involved in filing a loan application as several papers and formalities need to be fulfilled. It is usually difficult to get all the details right the first time.

Here are the top 10 reasons due to which your loan application could get rejected

1) Your address is on the defaulter’s list

esidential address

So you have shifted to a new rented house where someone who hasn’t paid up on a loan or has exorbitant credit card dues and this address is in their records. All banks will probably have the address stored in their defaulters’ database. In this case, there is a high probability of your application being rejected.

2 ) Do you have unpaid dues? 

dues

 

The ghosts from your past can come to haunt you! Accumulating credit card dues, late EMI payments, can all be a major reason for loan rejection. The only option to overcome this issue is to make all your payments on time and not skipping deadlines. To avoid any problems, keep a check on your bills and credit repayments.

3) Do you already have other debts ?

Blog article Icons_income and debt

If you are juggling with too many debts, then your income minus the ongoing credit repayments is what will be considered as your real income. If availing for another loan will make it difficult for you to repay, then your loan will be rejected.

4) Have you been a loan guarantor to a defaulter ? 

loan guarantor

When you sign the dotted line to be someone’s loan guarantor, you should make sure that the applicant has the ability to repay the loan. Unless you have strong reasons to believe in them, do not rush to sign because if they fail to repay, you will be responsible to repay the loan on their behalf.

5) Would your age be a concern ?

old age

If you are nearing retirement age, then banks would be hesitant in giving loans as you will have no repayment capacity after a few years. A few may be ready to offer short term loans up to the date of retirement. But, short term loans for huge amounts would shoot up the EMI, making it a heavy burden on the borrower. Hence, banks are likely to reject home loan applications.

HomeLoanCreative

Ask your Question here - #HomeLoantalk

6) Have you jumped too many jobs ?

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You may not realize it, but being a frequent job hopper can reflect poorly on your loan application. Banks place a lot of importance on job stability so insist that an applicant must be employed with a particular organization for three years or more to be eligible for a home loan. In some cases where a reputed company’s future appears unstable, the bank can reserve its right to provide loan to an applicant from that company. Thus job stability is an important factor considered by banks while giving loans.

7) Has your loan application rejected before ?

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When your loan application gets rejected, it gets recorded in your CIBIL credit score. So wait till you receive an offer from one bank before applying to another. This will give you a chance to rectify the errors in your application before you approach another lender.

8) What type of residential property have you placed as security for the loan ?

satisfy policy

Did you know that not all types of residential properties are suitable securities for home loans? Generally, lenders prefer properties that are easy to sell, in demand and have stable prices. So while choosing your property keep in mind that it is not very old and built by an established and trusted builder who has all the necessary documents for easy sanction of your loan. If there is a problem with the title, layout etc., your loan application could get rejected.

9) How good is your credit score ?

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Credit score is a significant deciding factor in sanctioning home loan. Make sure you have a good credit score in place before applying for the loan.Here are a few ways to improve your credit score.

10) Do you file your income tax regularly ?

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Ensure you file your income tax returns , irrespective of whether you get Form 16 from your employer or not. It is very important to have a clear track record of tax returns for the past two years before applying for a home loan.

Do you have any other reasons due to which your home loan got rejected? Share them with us and help new loan applicants avoid the mistakes you made!

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Do you have many unanswered home loan queries ?

Join us on Twitter this Friday for a Tweet Chat and get them answered by our Home Loan Expert.

When : 25/4/2014

Time : 4:15 – 5:15 pm

Hashtag : #HomeLoantalk

Expert : Mr. Rakesh Makkar, President & Chief Distribution Officer, DHFL

 

 

Sneak Peek into the houses of 2 States stars – Arjun, Alia & Chetan

Credits:Indiatvnews.com

Celebrity lifestyle and their houses have always captured our imagination. The styles and interiors of their homes more often become trend setters for everyone to follow. A glimpse into their homes often makes us wonder where they procure those fabulous show pieces from or what makes a simply arranged room look so elegant and spectacular. Some of us even go to the extent of feeling that it is perhaps their time spent in such beautiful surroundings that rejuvenates them, inspires them and maybe makes them achieve the success they do.

In line with though, the homes of the main crew of recently released block buster – 2 states certainly does justice to capturing one’s imagination.

Inside Arjun Kapoor’s bachelor pad

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Credits : Filmfare.com

From having the best gaming zone to a dream come true elaborate bar, Arjun Kapoor’s sprawling bachelor pad has it all. Located in the interiors of Juhu, Mumbai Arjun Kapoor’s not-so modest abode is designed completely by his mom and his sister. Walls of his house are filled with paintings which he claims were his mom’s passion and he says that she is the one who is responsible for all the interior decoration. He has an entertainment den with an exhaustive collection of movies along with an elaborate bar which would be every boy’s dream. What more can you ask for!

Inside Alia Bhatt’s house

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Credits: Indiatvnews.com

Everything about Alia Bhatt’s home is rooted in the modern – From leather furnishings in shades of cream and brown to neon lights in her walk-in closet and polished-wood furnishings. Alia Bhatt’s mother whom she claims is brilliant with interiors, has done up most of her house along with maternal grandfather, who’s an architect. The house is filled paintings and pictures all over the house.

Did you know that all the stunning paintings in Alia’s room are made by her? She has a passion for painting and calls it a big stress reliever. Another space that Alia is her newly built walk-in closet.

Inside Chetan Bhagat’s house

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Credits:OutlookIndia.com

Chetan Bhagat’s apartment is located in Bandra, Mumbai’s most fashionable neighbourhood is all about financial security. Chetan Bhagat’s taste in interiors is much like the way he writes – clean, simple and uncomplicated. His living room bookshelves suggest eclectic tastes, with heavyweight histories next to pot boilers by Stieg Larsson and Alexander McCall Smith.

The hall is the largest part of the Bhagat home which houses furniture (from Hong Kong and Shanghai) and a rectangular Oriental diwan stands out. There is also a large bookshelf in the hall. “Since our kids (twin boys Ishan and Shyam, both 6 1/2) are so young, we couldn’t have brocade or other delicate upholstery. Also, the floor is tavertine finish, which is like marble but a lot more affordable,” he says. Chetan has a little kitchen garden adjoining his office, where he grows lady fingers and tomatoes and says it provides a “fun learning space to the kids too.”

In the bedrooms, the cupboards are teak-plated, something that makes them lighter and cheaper. For the children’s room, he is still looking for a mural designer to add art to it. While his mother’s room has a temple, the kitchen, in grey sandstone, has a fuss-free look. “We’ll be adding appliances. I like to try out recipes there so it’s another hangout. I guess asking for a peaceful, quiet place is a lot in Mumbai, so we’re really happy to be here,” he ends.

So if there’s a celebrity you relate to, it is most likely that the ideas and decoration of his/her home would appeal to you. And who knows – the very same ideas implement in your home could bring you the same peace and prosperity!

Flat.to Acquisition featured in Economic Times

In a tête-à-tête with the Economic Times, Sumit Jain and Gaurav Munjal share various facets of the Flat.to acquisition. The article apprises readers on aspects like the reason for the acquisition, targets of Flat.to, future plans and synergies between CommonFloor.com and Flat.to.

Given is the article carried by the Economic Times in its April 22, 2014 edition. Click on the image to enlarge it.

The Economic Times - April 22, 2014 - Pg 6

 

To view it on the Economic Times website click on the given link

http://economictimes.indiatimes.com/tech/internet/real-estate-site-commonfloor-acquires-student-focused-accommodation-site-flat-to/articleshow/34069135.cms

 

CommonFloor.com acquires Flat.to

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Enters the fast growing students and bachelors accommodation market 

Bangalore, April 22, 2014: CommonFloor.com, India’s number 1 real estate portal announced today that it has acquired Flat.to, a real estate service that helps students and bachelors find flats, paying guest accommodation and hostels across Mumbai, Pune, Bangalore, Kota, Jaipur and Delhi. Based out of Mumbai, Flat.to was founded by Gaurav Munjal and Aakrit Vaish in 2013. The portal also provides assistance in finding a flat mate, in case one has already identified suitable accommodation.

With this move, CommonFloor.com is set to enter the student / bachelor accommodation space, which is fast gaining traction across major metros in the country. Earlier this year Commonfloor.com had raised $10.4 million from Tiger Global and Accel Partners. Flat.to currently has a tie-up with over 200 colleges across Mumbai and Pune and offers a choice of selecting an accommodation either through brokers or directly by connecting with owners.

Sumit Jain, Co-founder and CEO, CommonFloor.com said, “CommonFloor.com has always strongly focused on fulfilling every possible property information need of users at all stages of the property cycle – search, research, purchase, property management, sale and rent. By acquiring Flat.to we will now be able to cater to a new segment of the property market – students and bachelors. This is a large segment in the online real estate space with a unique set of needs and requires a different focus. This move gives us a direct foothold in the market backed by a great team that has an experience of operating in this space. Flat.to will continue to function independently with its current identity and Gaurav will continue to head it. We extend to him a warm welcome and wish him all the best.”

Gaurav Munjal, Co-founder and CEO, Flat.to said, “It has been about 10 months since Flat.to officially launched, with the simple aim of simplifying student accommodation. Starting with Mumbai, we have now helped thousands of students across multiple cities in India find flats and flat mates. Our goal is to be present in every part of the country. With this in mind, today we are excited to announce that Flat.to has been acquired by CommonFloor.com, India’s largest online real estate platform. We engaged with CommonFloor.com a few months back, and found that their team believed in our vision and shared our values. CommonFloor’s experience in the real estate market and guidance will help take the company to the next level and we look forward to working with Sumit and team.”

With this acquisition Aakrit Vaish, Co-founder, Chairman and Lead investor at Flat.to will exit the company. Sharing his thoughts, Aakrit said, “Flat.to was started with the very simple idea of simplifying student housing. I’m proud of what we have been able to achieve in less than a year of operation, and wish the team all the best as they grow to the next level. I will always remain their biggest fan.”

Subrata Mitra, Partner at Accel Partners (Company that has invested in CommonFloor.com) said, “The acquisition is in line with CommonFloor.com’s strategy to own the largest share in the online real-estate space. CommonFloor.com is already the #1 player today and this move is aimed to take a lead in some of the adjacent segments. I firmly believe that this partnership will add immense value to us & the online real-estate space in India.”

The opportunity for online real estate players in bachelor / student accommodation category is huge. According to a January 2014 research paper, Internal Migration for Education and Employment among Youth in India, commissioned by UN-HABITAT’s Global Urban Youth Research Network, in the last ten years a total of 37 lakh between the ages of 15 and 32 migrated within India on account of education. Similarly, more than 1 crore moved in search of a job.

Apart from expanding its current set of offerings to its users, CommonFloor.com continuously strives to offer easy-to-use tools and most innovative technology. Having recently announced its mobile application for Windows, android and Apple mobile devices, CommonFloor.com recently launched its e-model feature. The feature allows users to have a 360 degree virtual view of the interiors of an apartment.

About CommonFloor.com

Launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor.com, is an innovative online service that combines property search, research, apartment management and vendor management thus catering to a person’s complete residential requirements.

From searching for an apartment to facilitating interactions within an apartment community on the CommonFloor.com platform (now known as CommonFloor Groups), to connecting one to relevant service providers, the portal is dedicated to meeting all aspects of consumers’ needs around their home. CommonFloor.com has over 2.5 lakh property listings and over one lakh projects from 120 cities. The company has been funded by Accel Partners and Tiger Global.

To know more about CommonFloor.com, please visit: http://www.commonfloor.com

About Flat.to

Launched in 2013 by Gaurav Munjal and Aakrit Vaish, Flat.to is a search portal dedicated to helping students and bachelors find, flats, paying guest accommodation and flat mates across Mumbai, Pune, Bangalore, Kota, Jaipur and Delhi. From being a product that showed curated flats near colleges, Flat.to has evolved into a complete accommodation solution for students. Features like ‘paying guests, hostels, finding flat mates, flats without brokers, profiling brokers who look at student segment’, have constantly been added. Flat.to has thus helped thousands of students across India. Headquartered out of Mumbai the company has tie ups with more 200 colleges in Mumbai and Pune. With 5000 users on Facebook alone it has over 25,000 visits a month. Acquired by CommonFloor.com in April 2014, Flat.to continues to function as an independent entity.

To know more visit http://www.flat.to

For media queries please contact

Ankita Dubey

+91 9886556823

ankita.dubey@commonfloor.com
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Did you know that you can save money while taking a Home Loan ? Here’s 10 ways To Save Money while taking a Loan

10 Real Houses Inspired by Cartoons

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When we think about watching TV in our childhood days, images of some of the most popular cartoons come to our minds. From the Jungle book where the protagonist Mowgli lives with his animal friends in the forest to Tom and Jerry who are chasing each other around the house, cartoons gave us some of the happiest moments of our childhood. And as children most of us believed and fervently wished for visiting and living in the homes of our favourite cartoons. A wish, often brushed aside by the adults around us back then.

But wait! What if we got inspired by all those cartoons and created something in real life? Well we actually have a few people who got so inspired by cartoons television and built houses just like them. We are as surprised as you are! Here are 10 real houses around the world which are inspired by cartoons.

The Flintstones House

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This stone house looks amazingly similar to The Flintstones’. In spite of its unusual look, given by the huge spherical boulder on the uphill side and scoop-shaped end, it is like most contemporary homes on the inside. It has a front door, some windows, a roof. This house is located in Nas Montanhas de Fafe in Portugal.

Hobbit’s House

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This amazing Hobbit House was built by Simon Dale, who in spite of not being an architect or even a construction worker, could build this together with his father-in-law and the help of passers-by. It took them just 4 months to have it finished and it cost around 3,000 pounds.

Star Wars-inspired House

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This original house was first built in 1970 by Claude King and his folks that took inspiration from Neil Armstrong (who had just landed on the moon). The flying saucer shaped white home is located in Chattanooga, Tennessee. The house looks like it was taken right from a Star Wars movie, however the film was released almost 7 years after the house was constructed.

The Simpsons House

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This house located in Henderson, Nevada which is worth $120,000 house was constructed for use as the grand prize in a contest sponsored by top brands. The contest was known as “The Simpsons House Give Away”.

Barbie’s House

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This modern house was created by interior decorator Jonathan Adler on the eve of Barbie’s 50th birthday. In March 2009, he decked out a real-life 3,500-sq ft pad overlooking the Pacific Ocean to look like the famous doll’s outrageous home. The Barbie’s Real-Life Malibu Dream House is in Malibu, California

Minnie Mouse’s House

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This pink and lavender house not only looks cute on the outside but it is full equipped on the inside. It includes items such as an answering machine (where you can listen to messages from Mickey and Goofy), an oven through which you can watch a cake baking, and a microwave that even pops popcorn! It can be seen at the Mickey’s Toontown Fair, in Orlando, Florida and also in Mickey’s Toontown in Disneyland Anaheim, California.

Hello Kitty’s House

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This pink painted house was 100% inspired by the most famous cat in history. The Hello Kitty villa is located in Taipei, Taiwan.

Heidi’s House

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Not only this lovely house looks just like Heidi’s grandfather’s but doesn’t the landscape look very similar as well?

Batman’s House

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This mysterious unusual looking house looks like Gotham City’s most famous mansion. And that red flash makes me wonder if the Bat mobile has just passed by.

Snoopy’s House

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This giant version of Snoopy’s house is used as an information kiosk for a baseball field complex, part of the Charles M. Schulz Museum, in Santa Rosa, California.

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Wondering how to improve your credit score to avail a hassle free loan ? Here’s Everything you need to know about credit score

CommonFloor.com launches CommonFloor Groups

CF-Group-Logo

Bangalore, April 11, 2014: CommonFloor.com, India’s leading real estate portal today announced the launch of the new version of its Apartment Management offering – CommonFloor Groups. Replacing the earlier version (CommonFloor Apartment Communities) – CommonFloor Groups will now provide apartment communities across the country with an even more efficient and user friendly portal dedicated to enabling better communication, management and coordination amongst residents, owners (residents or non-residential landlords) and RWAs (Resident Welfare Associations). Users will now access CommonFloor Groups through a new web page – www.groups.commonfloor.com. This launch will soon be followed by the launch of the mobile app of CommonFloor Groups. The mobile app aims at providing residents with an option to be in sync with activities taking place in their gated community even on the go. 

Currently over 1 lakh communities already deploy CommonFloor.com’s Apartment Management offering and would therefore be the first beneficiaries of the new version.

Features for owners (residential and non-residential)

Every user with a CommonFloor group account is provided a direct login. With this platform users can:

  1. Voice concerns and bring important issues to the attention of other residents and the RWA
  2. Track the status of an issue online anywhere anytime on the go
  3. Use the payment gateway for online payments like maintenance fees
  4. Access the repository of home service vendors like carpenters, architects, plumbers etc. for day to day home repairs and maintenance
  5. Buy, sell or rent belongings within the community.
  6. Find and reach out to neighbours with common interests
  7. Form Interest groups (photography, yoga, football etc.) 

Benefits for Resident Welfare Associations

With the offering providing functions similar to Enterprise Resource Planning (ERP) RWAs can use the platform for management of all aspects of the community. The system allows the administrators to

  1. Manage accounts
  2. Delegate activities
  3. Set reminders
  4. Send notices
  5. Monitor complaints
  6. Manage parking
  7. Keep track of vacant houses
  8. Collect dues and generate receipts
  9. Use the platform’s SMS and email services to circulate important messages among residents

Despite the vast amount of user information shared on this portal, CommonFloor.com ensures privacy of its users. Without user consent no data is passed to advertisers or vendors. With a shared inbox and data history, knowledge transfer from one committee to the next is extremely easy. CommonFloor Groups also has an updated, easy to understand help page for new users. Users can also access the CommonFloor Groups’ newly introduced blog for interesting and useful tips on smart community living.

Mobile App

With the objective of supporting residential communities 24 x 7 even when residents are on the go, CommonFloor.com will also launch a mobile app for CommonFloor Groups. The app will allow residents to use all resident features offered by CommonFloor Groups and will be available for download on Android, Apple and Windows mobile phones.

Mr. Vikas Malpani, Co-founder and Head – Communities, CommonFloor.com said, “We have been working with apartment communities for nearly 7 years now, and CommonFloor Groups is the result of the knowledge we have gathered over these years. Residents can expect a whole new and improved user experience. Apart from a more efficient product, this version also provides a new identity to the CommonFloor.com’s apartment management offering. We aim at opening new avenues of consumer engagement and brand connect with this launch. With over 1 lakh communities currently deploying our offering we are indeed one of the largest providers of Apartment management solution. With this launch we hope to make community management hassle free for many more. ”

About CommonFloor.com:

Launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor.com, is an innovative online service that combines property search, apartment management and vendor management and caters to a person’s complete residential requirements.

From searching for an apartment to facilitating interactions within an apartment community on the ‘commonfloor’ platform, to connecting one to relevant service providers, the portal is dedicated to meeting all aspects of consumers’ needs around their home. With property listings from 120 cities, it has over 1 lakh projects listed with it. CommonFloor.com has been funded by Accel Partners and Tiger Global.

To know more about CommonFloor.com, please visit: http://www.commonfloor.com

 For editorial related queries, please contact:

Ankita Dubey

ankita.dubey@commonfloor.com

+91 9886556823

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15 Real Estate Terms That You Were Embarrassed About Asking Anybody But Can Ask Homer!

CommonFloor Groups is Now Up!

CF-Group-Logo

What is CommonFloor Groups?
The very first step for a residential complex to transform into a community is for residents to come together on a common platform. CommonFloor Groups is one such platform that connects residents living in a residential complex. Once you are on this platform, our array of features transform your residential community into a well-managed one!

Earlier known as CommonFloor Apartment Management Software, CommonFloor Groups continues to be true to our motto of being innovative and making our features as simple to operate as possible. In a few simple words, we are very serious about our usage of the words ‘a comprehensive tool connecting residents and more’ and mean it in every sense of the term.

Why Should you use CommonFloor Groups?

  • Our tool helps you communicate with other community residents with the help of our various features.
  • Manage all your dues and track your payments.
  • Get access to Real Estate Classified Ads on the tool.
  • The managing committee gets an array of useful features for better administration.
  • The apartment management tool is literally available for Free!! (only pay for advanced features)
  • Your Data is safe with us. Guaranteed!

Upgrades We Recently Integrated
We have recently integrated a few fresh upgrades in our online apartment management application directed at making your experience truly unique and comfortable.

  • Easy to Navigate: We engineered our site with the intent of making it as easy to use and navigate through as practically possible.
  • Help Topics: Now on, you can check out how-to steps relating to operation of a given feature on our apartment management platform. Simply search out a relevant topic and follow steps mentioned to successfully complete a function.
  • CommonFloor Groups Blog: We believe information empowers. Hence we came up with a blog page that equips you with all you need on apartment management and smart community living.
  • Our First Book, Happy Community Living :)  This book, that covers all aspects of community living, was inspired by community Management Committees. With this guide book, we hope to make community living and management a much easy affair. Do check it out!
  • Mobile App: Having CommonFloor Groups as an application on your mobile device can help you connect with your community better, and convenient for you to use or pay your dues. This is exactly why we are currently designing and will be soon bringing out our CommonFloor Groups Mobile App.

We sincerely hope we are able to make community living an awesome experience for you!

Cheers,

Team CommonFloor Groups

6 Types Of Neighbours Who Are A Real Pain In The Neck!

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Haven’t we all heard this saying that – “You can choose your friends, but not your family — or your neighbours“. In the past everyone knew their neighbours, but now considering our busy lifestyles this has taken a back seat. In today’s world, you might meet your neighbours when the kid next door accidentally hit a ball through your living room window, or an apron -clad housewife knocked on your door to borrow a cup of sugar. During these days of both working parents it is becoming increasingly common to buy a house and years later realize that you have never met your neighbours.

But then haven’t we all seen neighbours in our neighbourhood gossiping about us, getting too nosy and getting into our personal space? That’s when you want to actually give them a piece of your mind but then you also want to live in the locality so you make your peace with it and try to live happily. Here’s 6 different types of neighbours each of us would’ve encountered and would relate to in some point or another in life.

The Peeping Toms

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Don’t we know that one person who is looking at us through their window? These people are the ones who seem to be interested in every nitty gritty of what we do in our house. They seem to receive an alert, the minute we step out of our houses. They keep track of everyone who comes to your house and also have updates on everything you do. They wouldn’t come and talk to you directly, but want to keep a tab on everything.

The Over friendly and Nosy Neighbours

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These are typically the neighbours who will literally stay in your house and wouldn’t even mind helping you out with your daily chores. They don’t know where to draw the line and end up being over friendly. More often than not they cross the line. These neighbours want to know everything about you, your family, how much money you earn every month, where all do you make   investments and you’re spending patterns. They want to know it all without even once thinking that these are personal and you are not comfortable sharing them.

The Richie Riches

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These are the typically the type of conversations that neighbours belonging to this category would more often than not speak. They seem to live life only in luxury and would compare anything you do to their actions trying to one up you in everything. For them their life is around money and anything others around them do would be mocked at by passing crass comments.

The Copy Cats – The Me Too Neighbours

copy-catsIf you are noticing a pattern of your neighbours having the same things you possess from quite some time now, then you can rule out the option of it being a sheer co incidence – it’s called copying. These are the type of neighbours who have no clue about what they want to buy and would just end up buying/doing the same set of things that you do, just to fit in. They would scan everything in your home if invited for coffee or for a chat and there you go a replica of it would be in theirs too.

The Constant Borrowers

borrowersIt’s a pleasant Sunday morning and you hear somebody knocking at your door. Surprise! The same neighbours who keep asking you for something or the other are here again asking you for a cup of sugar. These are the neighbours who make complete utilization of the word “HELP” and would constantly keep borrowing things from you. If you have these type of neighbours consider adding a separate list in your monthly groceries called “Neighbours list”!

The Problem Creators

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If you can relate to these lines from your neighbours, then you are up for a treat! These neighbours are just too finicky about everything you do from moving a chair at your home to having a party at your home- every single thing of your action bothers them and are waiting to gun you down! They are the ones who are unhappy about everything about their neighbourhood and would constantly keep bickering.

Staying in a neighbourhood gives you the chance to meet different types of people and learning to deal with them. Knowing your neighbour definitely can’t solve a lot of problems, but then you at least know under what category they belong.
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Want to know how to crack the best property deal ? Follow these 10 commandments

CommonFloor.com launches “HomeRun”-Property Fair in Chennai

CommonFloor.com HomeRun promises to cater to every kind of property need,
1st edition in Chennai on 5th & 6th of April, 2014

Chennai; April 5th, 2014: After successfully establishing itself in the real estate sector for more than seven years, leading property portal CommonFloor.com announced the  launch of CommonFloor.com HomeRun. With Chennai as its first destination, CommonFloor.com HomeRun aims at reaching out to all property seekers with the objective of enhancing user experience, creating more avenues for consumer engagement and increasing brand connect. The property fair promises to cater to every kind of property need with the broad spectrum of choices its offers with respect to budget and property type.

Sumit inaugurating the CommonFloor.com HomeRun Property Fair at Chennai

Sumit inaugurating the CommonFloor.com HomeRun Property Fair at Chennai

Organized at Hall 2, Chennai Trade Centre, Off Porur Road this two-day residential property fair is open from 10am to 7pm over the weekend on 5th and 6th of April 2014. The event has the participation of 75 of the biggest names of the Chennai real estate market including Sobha, S and P Foundation, SSPDL among many others. It showcases properties from more than 200 residential projects ranging from Rs. 35 lakhs to 2 crores, across Chennai up for grabs. In terms of type of properties, the event offers a large variety of options like flats, villas, studio apartments, row houses, pent houses, duplexes etc.

Speaking about the event, Sumit Jain, CEO, Co-founder, CommonFloor.com said, “We are glad to launch CommonFloor.com HomeRun – our first property fair.  The real estate market here in Chennai is promising and we have a lot to offer to the residents of Chennai. CommonFloor.com has always been about catering to an individual’s complete residential needs-from finding a property, to living in it, to selling or renting it out. With this initiative we aim at enhancing end user experience by creating an ideal space for people who have done their home search online and would like to get more details from the builder in person.  The event will also provide us with avenues to engage our users more and build greater awareness for the CommonFloor.com brand. ”

Sumit lighting inaugural lamp at CommonFloor.com HomeRun Chennai

Sumit lighting inaugural lamp at CommonFloor.com HomeRun Chennai

CommonFloor.com’s strong network has ensured the participation of Chennai’s biggest realtors.  The highlight of the event thus is the wide range of property showcased in terms of type, locality and budget on account of strong participation by reputed developers of Chennai’s real estate industry.

First Stall at the fair was that of presenting sponsor -Sobha Developers

First Stall at the fair was that of presenting sponsor -Sobha Developers

For complete event details- exact location, stall layouts, entire list of participating builders etc. please visit

http://www.commonfloor.com/home-run-chennai/povp-j8xn48?ad-id=9742

 About CommonFloor.com:

Launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor.com, is an innovative online service that combines property search, apartment management and vendor management and caters to a person’s complete residential requirements.

From searching for an apartment to facilitating interactions within an apartment community on the ‘commonfloor’ platform, to connecting one to relevant service providers, the portal is dedicated to meeting all aspects of consumers’ needs around their home. CommonFloor.com has over 2.5 lakh property listings and over one lakh projects from 120 cities. The company has been funded by Accel Partners and Tiger Global.

To know more about CommonFloor.com, please visit: http://www.commonfloor.com

 For editorial related queries, please contact:

Ankita Dubey

+91 9886556823

ankita.dubey@commonfloor.com

CommonFloor.com to Launch its Property Fair – HomeRun

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After successfully catering to the entire cycle of an individual’s residential needs (from purchase/renting to property management to renting out/sale) CommonFloor.com now offers end-users the property fair avenue as yet another option for search. Apart from being a reliable property search tool, the initiative will also be an ideal space for people who have done their home search online and would like to get more details from the builder in person.
Slated to be held at the Chennai Trade Center (Hall 2) over the weekend on April 5th and 6th, 2014 from 10 am to 7 pm, the fair will see the participation of over 75 of the biggest names of the Chennai Real Estate Industry. The event will showcase properties from 200 projects in price range of Rs 35 lakhs to Rs. 2 Crores.

With view to build awareness about the fair, newspaper advertisements have been placed in the Hindu, The Times of India, Dinakaran (Tamil version of the ad) and Dinamallar (Tamil Version of the ad)

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Apart from this, the marketing team has put up bus shelter hoardings at of the busiest locations of Chennai.
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A 35 by 25 feet outdoor hoarding has also been placed at OMR Navallur

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Event awareness is also being build online through social media, Google display network, Electronic direct mailers among others.

For more event details like participants, stall size please visit the CommonFloor.com HomeRun Property Fair Microsite http://www.commonfloor.com/home-run-chennai/povp-j8xn48?ad-id=9742
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