Breaking technological barriers has become a norm for Zameen.com and the portal has done it again by launching the country’s very first real estate price index. Need more reasons to be even prouder? Well, not only is the Zameen.com Property Index the first of its kind in the country, but also in the wider South Asian region.
The index provides real-time, accurate data and crucial information regarding trends and patterns observed over a period of time, going as far back as January 2011. Hence, even the most amateur investors will now be able to analyse market trends and detect patterns based on previous real estate activity.
Discerning investors were often faced a particular roadblock: the dearth of accurate and easily accessible information. This prevented them from making optimal, educated decisions. Now, with the Zameen.com Property Index, these limitations are a thing of the past. It enables even the most rookie investors to make informed choices.
Hence, investors can now conduct their own background checks before choosing investment options. Moreover, having all of your required data in one place is a blessing that few currently benefit from. All Zameen.com users now have real-time data at their fingertips.
Team Zameen has put in a lot of effort to create the index with help from top professors from the Lahore University of Management Sciences (LUMS). With this technological achievement under their belt, Team Zameen is enthusiastically looking forward to see how the index positively benefits the real estate sector of the country.
“We are proud to have created this incredible tool, and we are very cognizant of the fact that it will ultimately change the buyer or seller’s decision-making process completely, which will in turn alter the face of Pakistan’s real estate sector for the better,” said Zameen.com Co-CEO Imran Ali Khan.
“At Zameen.com, we are dedicated to bringing everything related to Pakistani real estate within easy reach of all stakeholders. Investors have every right to make educated, informed decisions about real estate and we want to equip them with the appropriate tools to do so,” he added.
Formed in 2006 by the Ali Khan brothers, Zameen.com has climbed up the ranks of success in a relatively short span of time. The portal recently closed its Series C funding round with a $20 million investment from a current investor, which brought the total amount of funds raised in just 6 months to a whopping $29 million. Today, the portal boasts 2.2 million property listings, 3 million monthly visitors, and over 500,000 subscribers.
The index is now live and operational on the Zameen.com website. Do check it out!
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dear a good article but sorry i am not very positive about the zameen index as data collected in it is only of zameen.com and its not real time accurate. its only based how the prices have changed on zameen listings and many cases they are not accurate. let me give u an example as in some listing full prices are quoted and in some only down payment so the price break down is totally un realistic.
in an other scenario prices on zameen and other portals are un realistic infect over priced keeping in mind the margin of barging.
dont get me wrong but to get accurate report there still is a long journey ahead and lot of loop holes still to be covered.
but i see trends and index as a positive step yet not reliable.