Essex, incubated out of Way2online, leading marketing technology and data-driven company, is looking to expand operations to Delhi-NCR, Mumbai, Bengaluru and Ahmedabad, IANS reported.
Nirbhay Taneja, Co-Founder and CEO, Essex, told reporters that by December next year, they plan to have a presence in eight major cities in the country.
The company using its innovative technology solutions will address real estate-related vertical issues, helping developers to liquidate properties in a short time.
It also wants to standardise operations and take care of trust-related issues from a buyer’s perspective.
The CEO said for buyers they would offer free services including legal diligence, document-related services and financial assistance through all major banks.
The company will be charging 3 to 5 per cent commission from the developers. It aims to capture 5 per cent of the marketing and sales opportunity estimated at Rs 30,000 crore.