Formally launched by Punjab Governor and UT Administrator Gulab Chand Kataria in a well-attended gathering organised at Hotel Mountview on Tuesday
It’s called MrProptek, a first of its kind potentially revolutionary AI (artificial intelligence) enabled property or real estate app. It promises to make comparing and choosing your dream verified property (eventually) anywhere in the world, virtually visiting it, negotiating a price, projecting its possible appreciation within a time frame and completing the formalities for the purchase directly with the builder a breeze, all from the comfort of your home without having to pay brokerage.
The app, which could potentially disrupt the traditional way of doing online real estate transactions, has been co-founded by father-son duo of KS Bhatia of Pumpkart app fame, whose venture was appreciated by none other than Google CEO Sundar Pichai; and Aagman Bhatia, a post graduate in AI and ML (Machine Learning) from technology university Plaksha in Mohali, and also the app’s Chief Product Officer.
Potentially, gone will be the days when one would search for a property of choice on Google and be directed to traditional property websites, which would at most provide leads to brokers. With MrProptek, which runs both on iOS and Android, you can express yourself about the dream property you have in mind and a real estate savvy genie will have a host of options instantly ready for you to compare, also catering to any number of queries and clarifications you might want to get addressed.
The app has an integrated Google Meet feature which allows you to set up a virtual face-to-face interaction directly with the builder/developer. Once a deal is struck and payment plan chosen, funds transfers are made securely and directly to the builder/promoter without any broker/intermediary fee.
MrProptek was formally launched by Punjab Governor and UT Administrator Gulab Chand Kataria in a well-attended gathering organised at Hotel Mountview on Tuesday.
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Later sharing their dream and concept behind DrProptek, and the status of all fully verified real estate partners to be featured on the app, the Bhatias in an exclusive conversation with your own news portal LifeInChandigarh.com said, to start with products in the primary market from three verified and premium to ultra luxury real estate projects in Mohali are being offered on the app.
These projects are Homeland Regalia on Airport Road in Sector 77 Mohali from the Homeland Group, Noble Aurellia in Sector 88 Mohali from Noble Ventures, and The Zirk on High Ground Road in Zirakpur.
Soon, the portfolio will be expanded to include projects in NCR Delhi, Gujarat and even Dubai. Other cities like Mumbai and Bangalore will be added next. The target is to cover all of India and Asia by 2028.
Resale property business is also very much on the radar and will be included in the app’s portfolio in due course. A separate ‘Rent & Leasing’ app is also being planned in the future.
From affordable flats to premium and ultra-luxury properties, private islands, beach villas, and houseboats, eventually the platform is targeted to become a one-stop-shop for global real estate investments.
While claiming that MrProptek is the world’s first AI-enabled property booking platform, the father-son duo asserted that the real estate technology space is set to witness a paradigm shift with its launch.
“The real estate world is already very excited about the platform. We are in the process of finalising a deal with a Mumbai based builder to exclusively market its Rs 400 crore project. Another deal in the pipeline is the exclusive rights to market 15 lakh square feet of properties from multiple reputed builders worth Rs 10,000 core in Gujarat. Half a dozen builders in Dubai have also expressed their keenness to market their properties on the app,” co-founder and MrProptek CEO KS Bhatia claimed.
Deep tech
MrProptek co-founder and Chief Product Officer Aagman added: “The deep tech at the core of the app is ‘Oora’ and ‘Aug’ developed by him and his team. “MrProptek is powered by two proprietary in-house systems. While ‘Oora’ is an intelligent AI assistant that helps customers and business owners with real-time answers, location insights, and personalized suggestions, ‘Aug’, is a cutting-edge virtual tech module that offers dollhouse views, furniture de-furnishing, room measurements, and immersive virtual walkthroughs. Together they create a seamless, transparent, and futuristic property experience.”
He further claimed that “the app will redefine how real estate should be bought, sold, and experienced. The platform features 4K virtual walkthroughs, instant booking capabilities, transparent digital documentation, AI-based property recommendations, and a builder dashboard that can sell out inventory within hours.”
How MrProptek app works
Whether you’re generally browsing for a promising property to invest in, or laser-focused on what you are looking for in a property, ask just about anything related to real estate from Oora, the savvy real estate genie.
For example, you could ask Oora: Suggest properties in a particular location or city with a private swimming pool, gym, and clubhouse. I’m looking for options with both open and indoor parking, a beautiful view, and an annual appreciation of 10% or more. Oora’s sharp picks and witty charm make finding your dream home effortless. Just chat and she’ll do the rest.
Step in before you move in
To allow you to compare properties picked for you by Oora, VR (Virtual Reality) tools take you through a virtual tour to explore your future home before making the move – the promise, an experience like never before!
Dive into the app’s immersive 4K virtual tours and 3D gamified models—explore, feel and experience your future space as if you were there. No need to visit—just step in virtually and watch and feel even the minutest detail, including actual dimensions of each wall and space, with zoom in and zoom out feature.
Augmented Reality
With the use of AR (Augmented Reality) the app provides users with an authentic, comprehensive picture of what aligns with their vision, ensuring they make decisions with confidence.
Google Meet
An integrated Google Meet feature allows users to seamlessly set up a direct virtual meeting with the builder/promoter for final negotiations and completing sale formalities.
All in a matter of a few hours
The entire process, from visiting the app to sale and documentation, can happen in a matter of a few hours.
Isn’t that impressive!
