This Startup is Simplifying Resale Property Transactions with AI-Powered Pricing

Have you ever wished you could buy or sell a ready-to-move-in home from the comfort of your own space? Imagine a way to bypass the hassle of countless meetings, negotiations and the uncertainty around documentation and payments.

Founded in 2021 by experienced entrepreneurs Tarun Sainani and Deepak Bhatia, HouseEazy is changing the way resale properties are bought and sold in India. Operating under the name Magneum Technology Private Limited, this Noida-based startup uses artificial intelligence (AI) and machine learning to simplify property transactions. With a small team of 21 to 40 employees, HouseEazy is leveraging the latest technology to bring transparency and efficiency to the real estate market.

Revolutionizing Property Transactions with AI

HouseEazy’s main innovation is its AI-powered price discovery algorithm. This smart tool uses machine learning to analyze real estate data and provide accurate price estimates for resale properties. By cutting out the traditional, time-consuming negotiation process, HouseEazy helps sellers quickly determine the best price for their property, ensuring they get fair market value without the hassle.

Deepak Bhatia, Co-Founder of HouseEazy, explains, “HouseEazy is a tech platform that uses machine learning algorithms to determine the best offer for sellers and enables buyers to instantly find their dream homes through AR/VR technology. Our goal is to let customers complete transactions with a single click, without needing to leave their homes. HouseEazy’s team handles all the documentation, due diligence, and registration processes. By leveraging advanced technology, we aim to make buying and selling a house as easy as making instant noodles." 

A Transparent, Digital Platform for Property Sales

Tarun Sainani and Deepak Bhatia, the co-founders, have a deep understanding of the challenges in the property resale market. They created HouseEazy to address these pain points with a data-driven approach, making real estate transactions easier and more efficient. Their vision is to modernize the real estate industry by offering an accessible, technology-driven solution.

HouseEazy offers a user-friendly online platform that makes the property-selling process simple and transparent. Sellers, buyers, real estate agents, and legal advisors all have access to clear and up-to-date information, building trust and reducing confusion. Unlike traditional resale methods, HouseEazy ensures that every stakeholder has a seamless experience.

Boosted by $7 Million Series A Funding

In a significant milestone, HouseEazy raised $7 million (INR 58 crore) in Series A funding. The round was led by Chiratae Ventures, with participation from Alteria Capital and Antler. This funding will support the company’s expansion across NCR cities like Noida, Ghaziabad, and Gurugram while enhancing its technology and team to meet growing market demand.

Growing Sustainably with GreenEazy

HouseEazy is also taking a step toward sustainability with its “GreenEazy” initiative. The company is adding plants to the apartments it delivers, aiming to improve indoor air quality and enhance residents' well-being. With a goal to plant over 2,000 plants in the next year, HouseEazy is blending business with environmental care.

Remarkable Growth and Ambitious Goals

HouseEazy has rapidly emerged as a leader in the resale property market, achieving an annual recurring revenue (ARR) of INR 425 crore in gross merchandise value (GMV). With its sights set high, the company plans to scale this figure to INR 1,800 crore over the next 15 to 18 months, focusing on its stronghold in the NCR region.

This impressive growth is driven by HouseEazy’s asset-light model and its extensive network of over 2,000 channel partners. Co-founder Tarun Sainani states, “This funding equips us to solidify our foundation and accelerate growth as we redefine the resale property market.”

Building on its success in NCR, HouseEazy is eyeing expansion into Tier I cities such as Pune, Mumbai, and Bengaluru. Leveraging its AI-powered platform and data-driven pricing, the company is well-positioned to lead India’s rapidly growing proptech sector.

Reshaping the Future of Real Estate

As India’s real estate market evolves, HouseEazy is at the forefront of change. By combining AI technology, transparency, and digital convenience, the platform is making property transactions faster, fairer, and more efficient for all stakeholders.

With its innovative approach, HouseEazy is setting a new benchmark for the resale property market while paving the way for a tech-driven future in real estate.

Image source: HouseEazy