Society page (resale&rent properties) for 99acres research and need matrix

Page 1

Redesign of Society Page

Team UXD – 99 acres 5th October 2015


PROCESS FOLLOWED

I.

Defining scope of ‘Society’

II.

Secondary Research • • •

Competitors study (Inline competitors and parallel examples) Competition matrix - pages offered by competitors similar to society pageFeatures that competitors have on society page/ similar pages

III. Findings IV. References • Primary research Interviewing real cases/ users and professionals including Architect, Structural engineer • Parallel competitors- Societies’ websites, neighborhood Wikipedia, societies/apartments results displayed by Google, etc • Articles on real estate websites, newspaper, social media etc • Other :Advertisement trends - keywords


DEFINING SCOPE OF SOCIETY

Society A group housing residential complex (multifamily residential) either built as multistoried apartments or independent bungalows which shares some common facilities/ infrastructure/ management/ administration, etc forms a society. -

Apartment building Apartment community Builder floor Group housing developments like villa, duplex, row house, etc

Goals of society page • End user goals- To get prior knowledge about the society and neighborhood which helps him to take decision about buying/renting a unit in the society - To check available listings in society (which takes user to PDP) • Product goals -To align with the competition -To provide platform for the dealers of the society/ neighborhood


Ways to land on Society page from Home page

Home Page

Home Page

Home Page

Buy / rent : Search by Society name

Buy / rent : Search by Location

Buy / rent : Search by Location

Society Page

Search result page - Tuple

Search result page

Society Page

Property detail page

Society Page


COMPETITORS

Inline Competitors

Parallel examples

Housing

Airbnb

Magicbricks

Google results

Commonfloor

Wikipedia

Proptiger

Walkscore

Olx Quikr Trulia Zillow HotPads Realestate.co.au Redfin

StreetEasy


No .

Pages

1

Project page (Upcoming and / Ready to move combined)

2

Project page/ Society page ( Ready to move-recent & old developments, exclusive)

3

Building page

4

Project page/ Xid (upcoming new developments, exclusive)

5

Neighborhood / Locality/ sector page

6

Region page

7

City page

99 Acres

Magicbricks

Commonfloor

Competition Matrix – Pages across Real estate websites

Proptiger

Housing

Trulia

Streeteasy


No

Features

1

Live in tour

2

Nearby localities

3

Sky view

4

Slice view of building

5

Owners & residents group

6

Forum

7

Livability rating (Society, Location, Nearby facilities)

8

Construction status

9

Compare projects

10

Compare localities

11

Rental yield in percentage

12

Project discussions

13

Ratings and reviews (locality, Agents)

14

Home loan/ EMI calculator

99 Acres

MB

CF

Housing

Competition Matrix – Features on society+ xid page

Trulia

Zillow

Hotpads

Redfin


No.

Features

15

Follow this project

16

Builder’s years of experience

17

Builder’s ventures

18

Demographics in area (map)

19

Reported crime in area (map)

20

99acres

MB

CF

Housing

Trulia

Transportation highlights (Map)

21

Walk score

22

Transit score

23

Bike score

Zillow

Hotpads

Redfin

Other

Airbnb.com Realestate.com.au Redfin.com, walkscore.com walkscore.com

24

What community says: Tags

25

Price trends - to buy

26

Price trends- to rent

27

Street view

Competition Matrix – Features on society + xid page

Airbnb.com Realestate.com.au Realestate.com.au


FINDINGS


Why people chose resale properties over new construction

I. Criteria 1. They wanted to buy a ready to move property at a prime location which is not far off suburb as well as convenient for daily commute destinations like workplace, school etc At such locations, usually there is less scope for new developments and hence resale properties are readily available [ The definition of convenient/ prime location for them • Is has more established neighborhoods, infrastructure and amenities that gives you the ability to walk to neighborhood stores, schools, community centers and places of worship • Greater access to urban transit ]

2. They found that resale properties are typically less expensive on square foot basis than the new construction in same locality


II. Advantages 1. One can check out the facilities beforehand (like Malls, Schools available in Locality and in all probability whether it will be developed) as people are already staying

2. One can inspect the property before buying One can check out construction quality with the help of structural engineer

3. More possibility of price negotiation

4. Clarity on final amount to be paid, No builder or marketing gimmicks, no service tax to be paid

5. Flexible Possession or move-in date 6. One can see whether the building or society is being maintained well or not (RWA) 7. Lower maintenance charges in well established societies than the same in upcoming/new projects 8. One can know neighbors, see their standard of living and their lifestyle 9. One can verify Legal Titles and can be assured of Legal Status “What you see is what you get. No future shocks�


What are their concerns in resale •

Current condition of property

Whether renovation will be needed, what would be renovation cost

Age of construction, Structural strength of property

Needs consultation or inspection of structural engineer, plumbing and wiring inspection before buying

Documentation, legal aspects of transaction

Compatibility to daily commute locations

Workplace 1, workplace 2, School 1, School 2, etc

Security, maintenance, RWA and rules

Environmental characteristics of neighborhood

pollution, noise, safety, etc


NEED MATRIX


Underlined text = Existing information on 99 society page Color text = Information specific to society page

Society information

I.

Overview

i. About

ii. Proximities

Primary information

Secondary information

• •

• •

• • • • • • • • • •

Society Name Society type (e.g. residential apartment, row housing, etc) Address, Neighborhood/locality name Society contact no. Location Status: Ready to move Year of construction Price range with price/sq ft range, Society ratings and no. of reviews (Preview) CTA – Follow/ get updates, Share, Save/Shortlist Built by- Builder name

• Proximities E.g. distance from airport, metro, shopping complex, landmark, etc)

• • •

Website/blog if any, Short textual description of the society (to be provided by 99acres / society website) USP, if any Designed by - Architects name if available Cues- no. of people following this society, no. of people viewed/ saved/shared this page

Tertiary information


Underlined text = Existing information on 99 society page Color text = Information specific to society page

Society information Primary information iii. Configurations

• • • • • •

Secondary information

No. of buildings, No. of stories No. of Units, Units configurations (with no. of bed, bath, balcony, parking), floor plans, areas(built up, super built up, carpet) Price/sq ft Price range of units configurations No. of listings available for rent, for sale •

iv. Occupancy

• • v. Master planning

• •

Tertiary information

Layout (image) Description-Building orientation, No. of buildings, units orientation, parking lots, units facing (garden, street, pool, etc), recreation areas, Ground cover area/ % open area, entry, exit, access points, No. of lifts

No. of units occupied by no. of units available/vacant No. of units occupied by owners/ no. of units occupied by tenants Density (no. of people/ area) Universal design elements • Accessibility of spaces regardless of age and ability E.g. building’s accessibility from road for disabled, Lifts, ramps, whether bathrooms are accessible by disabled, fixtures used in building, walkways, and common spaces


Underlined text = Existing information on 99 society page Color text = Information specific to society page

Society information

vi. Structural info

Primary information

Secondary information

Tertiary information

Structural drawings

Provision to provide experts opinion where structural drawings are available

any public figure as a resident to be worth mentioning

Age of construction, any maintenance highlights, or issues, supported by photographs posted by 99 and residents Materials Specifications

vii. RWA ( residents welfare association )

• Rules and regulations to be followed • Total charges of membership, its breakup • Maintenance facilities • Helpline / contacts • Events and socio-cultural activities Images, upcoming events

• • •

Active or not Members Blog or Members/ owners forum

viii. Amenities

Society amenities • Amenities- basic, lifestyle • Any modern facilities • Safety measures: fire safety, earthquake resistance, etc Flat/ unit facilities

Status of amenities-active or not

xi. Lifestyle and people

Demographics (classification of groups in %, e.g. older couples & families, young couples, children, bachelors, etc)

Children staying in this society go to ‘x,y’ school


Underlined text = Existing information on 99 society page Color text = Information specific to society page

Society information

II. Images/ virtual tour

Primary information

Secondary information

i. By 99acres • •

ii. By residents

Building street view, exterior photos from all the sides, photos which reveal existing exterior condition of the building (more focused/ zoomed in), Common spaces (lobby, staircase, etc), recreation area (garden, pool, etc) Neighborhood photos, walkways/streets, amenities, recreation area Rooftop view

Add an image- Images of society can be uploaded by residents to keep updating current condition of society, environment in society at different time slots

Virtual tour of society- outside spaces, inside spaces / video

Tertiary information


Underlined text = Existing information on 99 society page Color text = Information specific to society page

Society information Primary information III. Map Features

i. Location Compatibility mapping (integrated with get directions)

Where one can check compatibility for daily commute locations of him & his family members By distance, time, and commute charges

ii. Nearby facilities

iii. Walkability

iv. Nearby societies on map

Location compatibility mapping (commute friendliness)

Nearby facilities

No. of walkable amenities/facilities ~ how walkable society locality is (Categories: Public transport, grocery stores, markets, dairy, ATM, community center, religious places, etc) • Set time, set distance Nearby societies on map

Secondary information

Tertiary information


Underlined text = Existing information on 99 society page Color text = Information specific to society page

Society information Primary information IV. Compare societies

V. Price Trends

• •

Society A vs society B (where society B can be entered by user or can be selected from ‘nearby societies’ list) Popular comparisons Locality price trend vs society price trend + add another society in comparison (price/sq ft) Price range of the units – average price to buy/ to rent Rental yield in percentage

VI. Society ratings and reviews

• Society ratings • Society reviews with provision to upload photographs, With recommendation- society is well suited for e.g. families, bachelors, etc

VII. Home loan EMI Calculator

Home loan EMI Calculator

VIII. Dealers

List of dealers with information- no. of listings, year of experience CTA- Contact dealers

IX. Builder

Secondary information

Builder name and information about his ventures and year of experience

• Estimate by 99: based upon estimated price vs offer price, whether a good deal or not •

Keywords to be captured from reviewsWhat residents like, what residents are concerned about • Experts opinion- quality of space, air and ventilation

Tertiary information


Neighborhood information

I.

Overview

i. About

Primary information

Secondary information

• • • •

Description- To be provided by 99acres

Neighborhood/ locality name Address Location Neighborhood keywords to give overview of neighborhood

iii. Types of establishments in the neighborhood

Types of establishments in the neighborhood in no./percentage • Residential –apartments, villas, row houses, etc • Commercial • Mixed use • Development age Status of developments viz. completed, ongoing, upcoming in no./ percentage

iv. Images/ tour

• By 99 acres : Like, Public spaces Walkways, streets Public events Community spaces, recreation

By residents of locality

Tertiary information


Neighborhood information Primary information v. Lifestyle and people vi. Environment

Noise level, pollution level, greenery, overall planning

viii. Amenities, Civic spaces, recreation

• • • •

Tertiary information

Culture and lifestyle

Population density

Amenities, Civic spaces, recreation Schools in neighborhood

ix. Commute

x. Safety

Secondary information

access to public transport- bus stop, metro station, auto/taxi stand etc • Bike friendly / car friendly / bicycle friendly (ref. walkscore, redfin, Airbnb) • Whether it is a traffic prone area? Any peak hours? •

Safety level in terms of score

At daytime, At night time - Whether you can walk around at night without concern (can be generated through reviews of societies in same neighborhood)


References


Magicbricks society page

Commonfloor xid + society page

Proptiger xid + society page


Neighborhood page-nybits

Neighborhood page-realestate.com.au

neighborhood page -Nakedapartments.com


Neighborhood page- airbnb.com Neighborhood page- trulia.com

City page- airbnb.com

Neighborhood page- trulia.com


Building page- streeteasy.com

SRP for apartments- nakedapartments.com

PDP- Trulia


Transportation highlights- neighborhood page- redfin.com

Map – highlights of proximities and transit on Neighborhood page- Airbnb.com

Walkability score and Transit highlights on WalkScore.com

Walkscore on PDP- hotpads.com


Google results


Wikipedia page of a development / neighborhood


Real estate Ads

‘What do they talk about’

Leisure places

Deals , Offers, Discounts Neighborhood

Natural surrounding Green area

Lifestyle

Location

Amenities

Proximity to city center Target income group

Living standard

Modern facilities

Walkability Like Walk to work, walk to school

Environment characters like pollution free, peaceful, noise free, etc


Experts suggestions to buyers -Tips while buying resale house -Pros and cons of resale -Resale vs new construction -Checklist for buying resale property

Source articles • http://www.jagoinvestor.com/2010/08/tips-while-buying-housereal-life-experiences.html • http://www.nitinbhatia.in/real-estate/resale-flat-or-underconstruction-flat-which-is-better/ • http://www.track2realty.track2media.com/?s=Residential+propert y&x=9&y=8 • http://timesofindia.indiatimes.com/business/india-business/Howto-buy-a-flat-and-not-lose-sleep/articleshow/21294766.cms • http://articles.economictimes.indiatimes.com/2013-1203/news/44710377_1_resale-options-projects • http://articles.economictimes.indiatimes.com/2011-1205/news/30477759_1_resale-property-new-project-premium-tag • http://www.quickenloans.com/blog/new-construction-vs-olderhomes • http://www.yourinvestmentpropertymag.com.au/buyingproperty/the-big-match-up-buying-old-or-buying-new-120105.aspx • http://www.zillow.com/home-buying-guide/buying-a-new-home/ • http://www.businesstoday.in/moneytoday/real-estate/benefits-ofbuying-house-from-someone-who-booked-it-atlaunch/story/194378.html


Society / apartment websites Information on apartments’ website -Configurations -RWA -Residents blog -Facilities -Amenities -Available units for sale and rent -Layouts and plan -Culture and events -Real estate dealers contacts -Contact info


Interaction with people Important factors they consider while lookout of house for rent or purchase

“Buying a house is very important decision in my life. I need to gain knowledge about quality builders and construction”

“ I stay alone, being a girl safety matters the most”

“ I would like to prefer a locality which has a good quality school so that I would not be that worried about my children's’ travel”

“Would like to meet and speak to the

residents first and know if they are facing any issues in the society. It would help me taking the decision”

“ the society should be cool to stay

for bachelors”

“Its necessary to check the structural plans of a building and assess its strength while buying a resale property” – Structural engineer

“People should be made aware about good architectural design. Because a home is bought for the quality of space it offers. They should not get misguided by the gimmicks in real estate” -Architect

“ Most important thing is to have daily needed amenities at walking distance”

“I’m looking for a society where my parents can find company”

“ I’m looking for a peaceful society where I can go for a walk after dinner”

“I’m looking for rental property which has good transit connectivity”


http://allaboutmagarpattacity.blogspot.in/

Source- economictimes.com


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