Makaan.com launches 'Price Trends' for key Indian localities

The fastest growing property website in India, Makaan.com, launched a new feature on their website that allows property seekers to track price trends for key Indian localities. Currently, when the seekers look at buying or renting of property, they do not have any credible third party source to update them on the going per square feet (psf) rate in the identified city or locality. This information is generally gathered from friends and relatives, leaving scope for an error. With the launch of property trends, Makaan.com hopes to bridge this gap.

How to reach price trends? When property seekers perform a primary search on the website and reach the search result page, properties with price trends are highlighted with a Price Trends link (see image above). This link connects the seekers to a detailed page of the property that has the price trends (see image below)

What information is available through price trends? Makaan.com offers price trends for two types of properties i.e., for sale & for rent. Price trends highlights the per square feet (psf) rate for the locality in which the property is located. The trends are drawn for a minimum duration of 3 months. For many properties, trends for the past 3, 6 and 12 months are highlighted. This information is extremely critical from the property investment viewpoints.