New Delhi [India], April 11: In a market where selling residential property typically involves months of uncertainty, countless showings, and hefty commissions, a new player is turning the Indian real estate industry on its head.
Openhouse has launched a groundbreaking service promising homeowners what seemed impossible: instant offers, guaranteed sales within 90 days, and zero commission fees.
The startup addresses longstanding pain points in India’s fragmented property resale market, where homeowners have historically faced lowball offers and protracted sales processes that often result in distress selling.
“Homeowners shouldn’t have to choose between waiting indefinitely or accepting below-market offers,†said Rahool Sureka, Openhouse co-founder and IIT Delhi graduate who previously founded Fitso (later acquired by Zomato). “Our data-driven approach ensures sellers receive fair market value without the traditional headaches.â€
Unlike traditional brokers who often operate with non-transparent practices and false promises, Openhouse offers homeowners a guaranteed price upfront – removing the guesswork and anxiety from the process. The company only earns if it is able to sell the home at a premium by investing in property enhancement – including minor upgrades, professional staging, and better presentation. This model creates a true win-win: homeowners get certainty and fair value, while Openhouse aligns its success with delivering real value.
Openhouse manages the entire transaction journey, from scheduling property visits and buyer verification to final paperwork, offering a seamless experience for sellers. They aim to sell 1,000 homes in their first year of operations and have already maintained a 100% success rate on all properties where they offered a sale guarantee.
Co-founded by Sureka and Ankit Khemka, a chartered accountant who previously served as CFO at AppyHigh and Fitso, Openhouse brings professional management experience to an industry often criticized for its lack of transparency and structure.
In a market where homeowners frequently feel disadvantaged, Openhouse appears to be shifting power back to sellers with its “no delays, no distress pricing, no stress†promise.
For more information, visit Openhouse’s official website or call their customer service line.
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