Ministry of Housing and Urban Affairs wants real estate portal for transaction to become ‘Amazon’ of the sector

The Ministry of Housing and Urban Affairs wants the new portal for real estate transaction to become ‘Amazon’ of the sector. Durga Shanker Mishra, secretary with the ministry said that the e-commerce platform of the ministry will be trusted by the buyers.

The ministry hopes that it will bring the trust back in the real estate sector. “Just like the ‘Amazon’ is trusted, we want this portal to be one stop for all housing related requirement,” said Mishra.

The online platform is for projects that have received occupancy certificates (OCs). The ministry official said that it will create positive sentiment for the real estate industry, boosting confidence and faith amongst home buyers, enhancement of liquidity flow in the industry and contributing to growth of the economy.