What is your startup about?
A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. It is our mission is to be provide home inspection solution at customer door step. We offer high quality service, technology, and expertise to our customer when they invest or investing their valuable money in real estate. We inspect customer home/property to ensure home is well constructed and other inside home facilities provided . When we adhere to this maxim, everything else will fall into place. Our services will exceed the expectations of our customers.
Who is behind your startup?
NITIN SHINGOTE (Co-Founder & Operational Head )
A Civil Engineer and a MBA in Project Management • Also holds Professional .
Diploma in Real Estate Management • 10+ years of in-depth experience in Real
Estate Industry.
NILESH SHINGOTE(Co-Founder & Marketing Head)
A MBA in Finance and a BMS in Marketing • A significant experience in investment
banking industry •Spend most of his time in market research, preparation of
marketing material and financial models for the startups
What is the inspiration Behind?
I am a civil engineer & I have worked as a project engineer in the construction industry for the last 8 years. While working, I interacted with people at the time of construction of the building. I realised that many were confused about the quality and the actual carpet area of the premises. In Mumbai at the time no one provided home inspection services. To solve this problem in the construction & real estate industry we started Meazurement in 2014(register as llp on 07/04/201). We provide home inspection & maintenance services in Mumbai & nearby areas.
Home buying is exciting, momentous and the single largest investment for most people. But it can be stressful - especially when selling parties cheat the real estate buyer. They can provide less carpet area (eg. 380 sq. ft. instead of 400 sq. ft.). When someone buys a home, they’re also buying all of its problems - water leakages, moisture on walls, unsafe wiring/electrical work and defects in plumbing, roof, floor surfaces and paint, windows and doors, problems with the foundation and dry rot. Most people are not sure how to gauge the physical condition of a house.
That’s where the experts at Meazurement come in. While the real estate buyer focuses on the home’s style, price and neighbourhood, we take care of evaluating carpet area and major systems - like the state of plumbing, electricals, walls, roof, floor surfaces, paint, windows and doors. Then we provide our client with a written report to make the best buying decision possible. Meazurement gives the unbiased, professional opinion you need, when you need it most.
What was the most challenging part of your journey till now? How did you overcome these challenges?*
The main challenge is that home inspection is a new kind of service in India & there is not much awareness of its use and availability. Coming from a middle-class family we didn’t have much money to invest in our business. Till date we do not spend any significant money on advertising. Also, in India there is no regulatory framework for the home inspection business. Due to this the public is not predisposed to use our services.
To overcome challenge we currently approaching to government agency like housing ministries, RERA, & etc. to get recognition for home inspection services.
How you think your initiative could change the society/industry.*
In the light of RERA, the home inspection services will boost the morale of consumers. The RERA is already implanted in Maharashtra, this will further boost the development of the home inspection services industry and I am confident that home inspection services in India will develop into a multi-billion US dollar industry over the next decade, if we have support of NAREDCO. The home inspection service will helpful for developers and homebuyers in the process.
The demand is unlimited and we hope to provide quality and assured services with complete transparency that will fulfil the need of all stake holders, i.e., developers, homebuyers, real estate agents, interior designers, bankers, insurers and the government. It will fill the void of the real estate industry as well as open new avenues of skilling and providing employment opportunities in India.
What are your future Plans?
Our big business dream is that no house should be bought without home inspection. In India, where the customer is cheated by the developer, real estate broker, seller about everything from the carpet area to the conditions of home & about the amenities, this is necessary.
To grow your business your main motto should be 100% customer satisfaction. We want to get funding in the near future for us to launch services in other parts of Maharashtra & eventually cover India’s other big states step by step.