Juvo Online Services Pvt Ltd, launched of www.officejuvo.com, an online commercial peer-to-peer marketplace.
As Commercial Real Estate has been a long neglected area in the online space and apart from skeletal listing services online, the market is controlled by real estate agents, which leads to lack of transparency and high dependence on brokers and thus escalating finding cost for seekers.
Office Juvo aims to correct this anomaly, by providing verified information to the seekers in a user friendly, image intensive user interface.
Mr. T.Shrikanth CEO stated, “Finding an office space or a storefront is a real pain. There is no information available and whatever little is available, it is not trustworthy. Our team contacts the owners directly and personally verifies the premises before uploading the information. We not only want to remove the information asymmetry, but also eliminate the real estate agent layer from the transactions and bring down the cost of finding commercial spaces for seekers. Yes, we even want them to save money on site visit costs and of course we don’t charge them anything either.”
Office Juvo was test launched in Chennai in February and in a very short span has found immense traction. Today it has the largest database of commercial properties in Chennai, all relevant and verified.
