2. INTRODUCTION
Basically now days cost of living is going to the peaks , because of this
the middle and lower class people are facing the lot of problems,
especially at when it comes to houses most of the indians are living in
rent .
But in major cities like mumbai , hyderbad, bengaluru the cost of the
houses for rent is almost their 20-30 % of their salary with this they are
facing the so many problems.
3. PROBLEM IDENTIFICATION
The problem is that most of the normal people are facing
problems when they went to new cities, towns in finding homes for
temporary staying .
On the other hand NRI’s who are living in other countries are
unable to deal(looking after) with their properties in India .
So our project is to help both the communities by finding a
innovative solution.
4. SOLUTIONS
We have created a platform where the people who want homes for
staying when went to new places can search their affordable
homes in the places they want through the app and they can apply
the houses for rent .
NRI's can post their homes in the app and can collect the rent
from the people through app.
Although the major part are NRI's but anyone can post their
houses for rent in the app.
5. Market Size & Opportunity
There are so many rental platforms in the market like Magic
Bricks, NoBroker ,Nestaway.
But the platform what we are creating is completely different .With
this there is a scope of long run .
Our app is different from other apps in the way of providing
facilities like laundary,cleaning etc...
Other thing is that our rents are low and the way of paying the
rent is different from others.
6. PRODUCT
• Here we are producing a link where we can directly goes into the
app whatever we have prepare. (clickhere)
7. TRACTION
Advertising our app by Famous celebrities , through social media.
After we released our app then we will make some updates .
And after a limiting run we will introduce a new and major update
of our app where it opens to another phase.
8. TEAM MEMBERS
• Abhinay Team leader
• Amrutha Co-Leader
• Pranay Founder
• Jasmitha IT Specialist
• Bhavani Sales Manager
• Eshwar Marketing Manager
• Ramani Operations Manager
• Vikitha UI/UX Designer
• Varshini Financial Analyst
• Mahathi Content Creator
• Akshitha Customer Service Representative
• Naseera Sales Manager
9. COMPETITION
As we say previously we are having the competitors like magic bricks ,99
acers .
There are differences between their platforms and our platform , in that
people can buy the houses ,where we are giving for rent only. They are
not providing the facilities like laundry, AC cleaning and some more,but
when the people living in the house for rent having the facility to get it
our app.
But there is a major difference that is no company that giving the lands
and houses of NRI’s through single app ,and that will happen in our’s.
10. FINANCIALS
Commission Fees: Most rental apps charge a commission fee on each
rental transaction processed through the app. The commission fee is
typically a percentage of the rental amount and ranges from 5% to 20%.
Subscription Fees: Some rental apps charge property owners or
managers a monthly or annual subscription fee to list their properties on
the app. Subscription fees are usually charged for professional or
enterprise-level accounts that offer additional features and services.
Advertising Fees: Rental apps may also generate revenue through
advertising fees. Property owners or managers can pay to have their
listings promoted or featured on the app, and third-party advertisers can
pay to have their ads displayed to app users.
11. Service Fees: Rental apps may charge additional service fees for
optional services, such as cleaning or maintenance services, that they
offer to property owners or managers.
Security Deposits: Rental apps may hold security deposits on behalf of
property owners or managers and earn interest on the deposits while they
are held.
Data Sales: Rental apps may also generate revenue by selling data
collected from app users to third-party companies for market research or
advertising purposes.
12. Investment & Use of Funds
Development Costs: Investments can be used to cover the costs of
developing the rental app, such as hiring developers and designers,
purchasing software and hardware, and hosting and maintenance fees.
Marketing and Advertising: To attract users and property owners, rental
apps need to invest in marketing and advertising campaigns across
various channels, including social media, search engines, and industry
events.
Product Improvements: Rental apps need to constantly improve their
product to keep up with competition and changing user needs.
Investments can be used to fund product research and development, as
well as testing and implementation of new features and services.
13. Expansion: As rental apps grow, they may need to expand into new
markets, both geographically and in terms of target audiences.
Investments can be used to fund expansion efforts, including hiring local
teams, translating content into new languages, and adapting to local
regulations and customs.
Operational Expenses: Rental apps also need to cover operational
expenses, including salaries and benefits for employees, office rent,
utilities, and insurance.
