TERREM - WEB & APP PROJECT
Project Overview
This project is a Comprehensive real estate platform that provides a seamless user experience for both buyers and sellers. It incorporates a secure login system with KYC verification to ensure safety and trust for Business Users & Individual Users. The platform offers a user-centric buying and selling process, including Advanced Search filters and Dynamic bidding for properties, along with Cluster reports for detailed insights. Additionally, it enables Fractional ownership, allowing users to invest in portions of a property for increased affordability. Real-time property Portfolio tracking system further Empowers users to manage their investments effectively.
Design Process
Discover
User Experience Gaps
The real estate market today is cluttered with too many options from brokers, often leading to confusion for buyers. Personal information like mobile numbers is frequently shared without consent, while some brokers engage in fraudulent practices, further complicating transactions. Buyers receive little to no proper guidance, resulting in numerous property visits with no decisions made. Delays in documentation, unclear reports, and hidden costs add to the frustration, making the process inefficient and financially burdensome.
Security and Trust Concern
Both Individual Users and Companies need a more secure and reliable KYC process to confidently engage in buying, selling, and fractional property investments in the marketplace.
Identifying Unique Challenges
One of the key challenges in designing financial platforms is ensuring ease of use while managing complex data and functionality. Users expect to access budgeting tools, savings insights, and financial guidance without feeling overwhelmed. Payble addresses these challenges by offering a design that breaks down complex features into digestible components. From interactive pricing pages to easy-to-navigate blog sections, Payble ensures that users of all levels—from first-time savers to seasoned finance enthusiasts—can engage with the platform effortlessly.
Complexity in Buying and Selling
The real estate market faces challenges like complex buying and selling processes, lack of trust due to unclear agreements, and liquidity issues. Transactions are inefficient and slow due to the prolonged processes of brokers bringing in two acquaintances for a sale which ideally favors the broker mainly, or the person who the broker is biased towards.
Fragmented Information
Users encounter issues with real-time property Data and Lack of Visualization of their portfolios, complicates their ability to make informed investment decisions.
Define
User-Centric Platform:
The platform needs actionable options beyond an overview page, allowing users to book and buy properties without relying on agents
Secure Login and KYC Process
A streamlined and reliable KYC system is required for both company and individual users to ensure secure property transactions.
Simplified Buying/Selling:
Features like Legal & Valuation reports, E-signatures and in-app negotiations are essential for trust and liquidity, allowing users to sell properties at their own price with data backed decisions.
Optimized Property Search:
Personal Recommendations and enhanced search filters are needed to make property discovery and booking more efficient as personalization offers more tailored recommendations.
Fractional Buying/Selling System:
Users need a simplified process for fractional property booking with a well-established timeline and tracking systems, to increase the quality of the user experience offered.
Real-Time Property Tracking:
The platform must provide real-time updates on property status to help users monitor investments.
Portfolio Tracking System
Real-time insights into property value and market trends are essential for better decision-making
Conclusion
Enhanced User Experience: Streamlined navigation, booking, and property discovery, along with a secure KYC process, making the platform more user-friendly and trustworthy.
Improved Portfolio Management: Provided detailed asset insights, real-time updates, and visual analytics, enabling users to track investments and make informed decisions effectively
Simplified Buying and Selling Process: Introduced features like dynamic bidding, cluster reports, and e-sell agreements, simplifying transactions and addressing liquidity challenges.
Fractional Ownership Accessibility: Made fractional booking easier with clearer tracking, enabling more users to participate in property investment
