Latest news with #NoBroker
Entrepreneur
3 hours ago
- Business
- Entrepreneur
Convozen.AI Unveils No-Code Platform for Agentic Bots on WhatsApp
The platform is currently being used across sectors such as healthcare, real estate, banking, insurance, and retail You're reading Entrepreneur India, an international franchise of Entrepreneur Media. the conversational intelligence suite developed by proptech platform NoBroker, has launched a new no-code platform that allows businesses to deploy advanced agentic bots on WhatsApp in less than 10 minutes. The development signals a shift toward AI-driven, multilingual, and context-aware customer service models in India. The platform leverages Meta's chat and voice APIs to offer a unified experience across WhatsApp's calling and messaging services. Businesses can now use voicebots, chatbots, or a hybrid of both to simulate human-like interactions with customers capable of understanding context, making decisions, and resolving queries across languages. According to the company, early users of the Convozen platform have seen a notable increase in engagement. One customer reported a 44 per cent rise in app interaction post-deployment of agentic bots. NoBroker itself, which was the platform's first user, now handles over 5,000 daily WhatsApp voice interactions across verticals such as rentals, home services, and financial products, all without expanding its support team. The use of agentic bots reportedly resulted in doubled customer satisfaction scores and smoother multilingual interactions. Traditionally, businesses relied on basic telephony or siloed chat systems for customer service, both of which posed challenges in quality and consistency. The integration with WhatsApp aims to eliminate these pain points by allowing brands to centralise their support across multiple channels under one AI engine. The bots are designed to respond in the customer's preferred language and context, eliminating the need for repeated explanations or transitions between agents. "The world is moving from workflow chatbots to intelligent genAI agents," said Akhil Gupta, Founder of Convozen and Co-founder & CPTO at NoBroker. "These bots not only answer but anticipate customer needs and resolve issues with human-like fluency and consistency." Meta has acknowledged the potential of this integration. "By enabling voice calling on the WhatsApp API combined with AI agentic solutions, businesses can unlock significant value--driving sales, increasing revenues, and addressing complicated customer queries," said Ravi Garg, Director of Business Messaging at Meta. Meta recently showcased the Convozen-NoBroker implementation at its Conversations Summit in Miami as a case study in deploying AI-powered customer engagement at scale on WhatsApp. Convozen's expansion reflects a broader industry trend toward automation and AI in customer service. By offering tools that reduce reliance on human agents for routine queries, businesses are seeking to improve efficiency while keeping support available around the clock. The platform is currently being used across sectors such as healthcare, real estate, banking, insurance, and retail.
News18
21-07-2025
- Business
- News18
‘This Is Absolutely Crazy': Bengaluru House Owner Seeks Rs 23 Lakh Deposit For A 4BHK
Last Updated: The advertisement, posted online, is for a 4BHK fully furnished house covering 4,500 sq ft and a monthly rent of Rs 2.3 lakh. Property prices in Bengaluru have long been a hot topic, thanks to the city's booming real estate market. Driven by a strong IT sector, rapid economic growth, and high demand, rental rates have surged in recent years. Wondering how much it costs to rent a 4 BHK in India's Silicon City? On average, it's around ₹2.30 lakh per month. But what's truly shocking is the security deposit. Recently, an X (formerly Twitter) user posted a screenshot of a property ad showing an independent house demanding Rs 23 lakh as security deposit, equivalent to 10 months' rent. The advertisement, posted online, is for a 4BHK fully furnished house covering 4,500 sq ft and a monthly rent of Rs 2.3 lakh. But what garnered the most notice was the excessive deposit amount, which many users said reflects the 'unregulated greed" of landlords in the city. 'Bengaluru landlords are the greediest in the world Rs 23 lakh security deposit (12 months rent) is OUTRAGEOUS. Meanwhile, deposits in other cities," the post read. Further, the user also compared the security deposit norms in other cities like New York, Toronto, Singapore, San Francisco, London, Dubai, where deposits typically range from one to two months of rent, or 5 per cent to 10 per cent of annual rent, far lower than Bengaluru's benchmark. The post quickly grabbed the attention of the viewers. An X user commented, '2 months is a little greedy, maybe. But mostly it is 5-6 months of rent. Low trust society (unfortunately) and high cost of housing (compared to other cities outside India) are the main reasons." Another one wrote, 'Same (as global norms) in most other cities in India. Chd/Delhi/Ggn/Hyd, everyone does 1 month." One of them shared, 'Very greedy and they will try their level best to cut everything from the deposit when you leave and return pennies." A person shared, 'Bengaluru is absolutely crazy, honestly. We here in MMR pay 3-5 months, depending on area and they actually give back the deposit if the house is maintained well." Another one shared, 'And then there are some absurd rules that can't bring people home, no non-vegetarian food, etc." According to NoBroker, the average rent in Bengaluru varies significantly based on location and property type, but generally ranges from Rs 20,000 to Rs 35,000 for a single person, and can go up to Rs 65,000 for a couple. view comments First Published: July 21, 2025, 16:35 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
14-07-2025
- Business
- Time of India
India's residential rents cool to 7–9% in H1 2025, but infrastructure-driven micro-markets see sharp hikes
India's rental housing market is witnessing a phase of moderation after nearly four years of steep inflation. According to a new report tracking trends across six major metros—Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Pune, and Chennai—average rental inflation in the first half of 2025 stood between 7% and 9%. This is a significant decline from the aggressive 12–24% annual hikes seen between 2021 and 2024, a period shaped by post-pandemic disruptions, return-to-office mandates, and limited housing supply, mentioned NoBroker in its latest report. The report noted that the slowdown in rent growth is being driven primarily by the gradual release of new housing inventory, particularly in peripheral and emerging corridors. However, despite this cooling trend, rental inflation continues to outpace key economic indicators such as the Consumer Price Index (CPI), which hovered between 2.8% and 3.3% during March to May 2025. Wage growth has also remained largely flat in comparison, leading to rents consuming a larger share of household budgets in urban India. 'India's rental housing market is entering a more mature and opportunity-rich phase after years of sharp, supply-driven inflation. Rental growth is now moderating to 7–9% across metros, driven by infrastructure-led demand rather than broad-based spikes,' said Saurabh Garg, Cofounder and Chief Business Officer of NoBroker. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Most Expensive Cars In The World Undo The gap between renting and home ownership has widened once again, after narrowing in 2022–23. While rents have moderated, property prices have continued to climb steadily. This divergence has made monthly EMIs significantly more expensive than rents for equivalent properties. For example, a standard 2BHK apartment in key city locations now rents for ?35,000–?45,000, whereas the EMI on a comparable home ranges from ?90,000 to ?1.2 lakh. Even with repo rate cuts in 2025 aimed at easing borrowing costs, high property valuations have kept homeownership financially out of reach for many urban families. This has pushed more households to continue renting rather than buying, especially in employment-dense areas. 'Despite rising rents, renting remains strong as property prices have surged even faster. The rent vs. EMI gap which had narrowed briefly has widened again, making renting a more practical choice for many,' Garg said. Live Events Tenant preferences are also shifting. There is a growing demand for larger units, especially 3BHK homes, across metros. This is driven by changing lifestyles and hybrid work models that require additional space. In Bengaluru, nearly 50% of tenants are now seeking 3BHK homes, while Delhi-NCR and Hyderabad report similar trends. Gated communities have also gained traction, offering security, on-site amenities, and community living—features that are now increasingly non-negotiable for urban renters. Cities such as Pune, Hyderabad, and Bengaluru report that over 80% of tenants prefer gated societies over standalone homes. 'Infrastructure continues to be the key driver. Micro-markets with new metro lines and tech parks are seeing sustained demand, while tenant expectations have evolved. Gated communities, spacious homes, and hybrid work setups are no longer luxury but the new norm,' said Garg. Despite the overall cooling in rental inflation, several infrastructure-led micro-markets continue to see double-digit rent hikes. In Bengaluru, areas such as KR Puram, Bellandur, and Electronic City recorded increases of up to 12%, driven by new metro connectivity, tech parks, and strong demand from professionals. Hyderabad's western corridor remains a high-demand belt, with localities like Hafeezpet, Nizampet, and Uppal reporting rental spikes of 10–13% due to proximity to IT hubs and an expanding Global Capability Centre (GCC) ecosystem, the report mentioned. According to the report, Mumbai's rental market showed 7–9% average growth, but some localities bucked the trend. Andheri East saw rents climb by 13%, while Kharghar recorded an 11% rise, influenced by metro projects and redevelopment-led supply. Eastern Mumbai and Navi Mumbai are increasingly viewed as high-growth corridors due to improved access and job migration. Pune's rental landscape is also evolving. While the average rent increase remained within 7–8%, neighbourhoods such as Baner (13%) and Hadapsar (12%) outperformed the rest, supported by commercial expansion and new residential launches. East Pune, in particular, is emerging as a rental growth zone owing to connectivity improvements and IT sector hiring. In Chennai, rent increases have settled at around 9%, but southern localities like Valasaravakkam and Kolathur saw hikes of 11–12%. The Outer Ring Road and Chennai Peripheral Ring Road are expected to further lift rental values in the coming months. Demand in South and West Chennai remains strong, supported by a growing presence of tech firms and infrastructure investments. Delhi-NCR remains the most fragmented market in the country. While average inflation stands at 9%, premium micro-markets in Gurgaon—such as Golf Course Extension Road—saw rents rise by as much as 15%. Sector 94 in Noida recorded a 12% increase, driven by its location near expressways and new luxury housing. Sector 137 and parts of Faridabad also reported sharp jumps, driven by metro expansion and proximity to tech corridors. Looking ahead, while the broader market may continue to cool as more supply enters, micro-markets tied to infrastructure upgrades—such as metro corridors, new tech parks, and airport zones—are expected to witness further appreciation in rents. For tenants, this presents a narrow window to secure affordable housing in areas poised for future growth. For developers and investors, the shift from yield-driven rental strategies to long-term capital appreciation is likely to shape real estate decisions in the coming quarters.
Business Standard
10-07-2025
- Business
- Business Standard
Unlock North Bangalore's Hottest Real Estate Deals at the NoBroker Property Carnival
BusinessWire India Bangalore (Karnataka) [India], July 10: NoBroker is organising an exclusive two-day Property Carnival in North Bangalore on 12th and 13th July at Hyatt Centric, Hebbal, from 9 AM to 8 PM, bringing together top developers, unbeatable offers, and premium housing options under one roof. With 15+ top developers showcasing their hot selling projects, this event is designed to simplify the homebuying journey for buyers and investors. From ready-to-move-in apartments to under-construction projects, the carnival will showcase a curated selection of properties suited for every budget and buyer criteria. The carnival will feature a line-up of Bangalore's most credible developers, including Godrej, TVS, Provident + Purvankara, Assetz, Birla, Bhartiya Group, Ajmera, Vajram, Goyal, Sumadhura, Elegant, NVG, Kalyani, Rohan and many more. Attendees will have the opportunity to interact directly with developers, explore projects firsthand, have site visits, and secure event-exclusive deals. They can avail exclusive offers, On spot bookings, and discounts such as: * 10 gm Gold * Rs 150-500/sqft discount * Up to Rs 30L discount * 1kg Silver * Attractive payment plans like 25:75 * 16-24 months pre-EMI holiday * Free upgrades (home automation, wooden flooring, etc) * Zero stamp duty & registration Speaking about the event, Saurabh Garg, CBO & Co-founder, NoBroker, said, "North Bangalore has become one of the most promising destinations for homebuyers and investors alike, thanks to its infrastructure growth and connectivity. Through this Property Carnival, we're making the buying process simpler and more rewarding, giving customers direct access to trusted builders and valuable savings all at one place."
Business Upturn
10-07-2025
- Business
- Business Upturn
Unlock North Bangalore's Hottest Real Estate Deals at the NoBroker Property Carnival
By Business Wire India Published on July 10, 2025, 11:10 IST NoBroker is organising an exclusive two-day Property Carnival in North Bangalore on 12th and 13th July at Hyatt Centric, Hebbal, from 9 AM to 8 PM, bringing together top developers, unbeatable offers, and premium housing options under one roof. Business Wire India 15+ leading developers to showcase their projects. Homebuyers can take advantage of unbeatable deals and exclusive spot offers. NoBroker is organising an exclusive two-day Property Carnival in North Bangalore on 12th and 13th July at Hyatt Centric, Hebbal, from 9 AM to 8 PM, bringing together top developers, unbeatable offers, and premium housing options under one roof. With 15+ top developers showcasing their hot selling projects, this event is designed to simplify the homebuying journey for buyers and investors. From ready-to-move-in apartments to under-construction projects, the carnival will showcase a curated selection of properties suited for every budget and buyer criteria. The carnival will feature a line-up of Bangalore's most credible developers, including Godrej, TVS, Provident + Purvankara, Assetz, Birla, Bhartiya Group, Ajmera, Vajram, Goyal, Sumadhura, Elegant, NVG, Kalyani, Rohan and many more. Attendees will have the opportunity to interact directly with developers, explore projects firsthand, have site visits, and secure event-exclusive deals. They can avail exclusive offers, On spot bookings, and discounts such as: 10 gm Gold Rs 150-500/sqft discount Up to Rs 30L discount 1kg Silver Attractive payment plans like 25:75 16-24 months pre-EMI holiday Free upgrades (home automation, wooden flooring, etc) Zero stamp duty & registration Speaking about the event, Saurabh Garg, CBO & Co-founder, NoBroker, said, 'North Bangalore has become one of the most promising destinations for homebuyers and investors alike, thanks to its infrastructure growth and connectivity. Through this Property Carnival, we're making the buying process simpler and more rewarding, giving customers direct access to trusted builders and valuable savings all at one place.' Whether one is looking to invest or buy their dream home, NoBroker Property Carnival is chance to discover the best of North Bangalore real estate. Entry is free, and walk-ins are welcome on both days. Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
