Ekta Real Estate: Revolutionizing the Property Development Industry with Blockchain Technology

Berwin Tanco, the CEO of Ekta and a seasoned property developer with more than 23 years of global experience, encountered formidable challenges during the pandemic when he had to close his hotels in Bali. However, this period of adversity sparked a revelation, leading him to explore the immense potential of blockchain technology in revolutionizing the property development industry.

As the founder and CEO of Ekta Real Estate, Tanko spearheaded the development of an innovative real estate marketplace app that aims to solve the five main problems faced by property developers worldwide. This article delves into how Ekta’s cutting-edge technology is transforming the way developers do business, offering unprecedented liquidity, access to funds, a pool of global buyers, and reduced fees.

Enhancing Liquidity in Real Estate Development

Traditionally, the real estate industry has struggled with illiquidity, making it challenging for developers to move money in and out of deals quickly. Ekta Real Estate addresses this issue by turning every development into a liquid asset. Thanks to blockchain technology, property developers can now access a fluid market that facilitates swift transactions, offering unprecedented flexibility and efficiency.

Immediate Access to Funds

Raising capital for large-scale developments has long been a time-consuming process, involving complex procedures and reliance on funds and family offices. Ekta Real Estate simplifies this process by offering immediate access to funds. With just a few clicks, developers can tap into a diverse range of investors from all around the world, significantly speeding up the capital-raising phase.

A Global Pool of Buyers

The traditional real estate market often limits developers to local buyers and markets. Ekta Real Estate breaks down these barriers, providing developers with access to a global pool buyers. This inclusivity opens up new opportunities for individuals from any country to get into projects across borders, creating a more diverse and robust market.

Earning Royalties on Developments

Developers invest their time, creativity, and hard work into building successful developments. However, in the conventional model, they typically only see profits upon selling the project. Ekta Real Estate introduces a game-changing approach by integrating royalties into the platform. This means that developers can earn a royalty every time the FREMs of a property change hands after the initial sale, providing a recurring revenue stream that rewards their dedication to bringing developments to life.

Reducing Fees and Accelerating Transactions

Broker fees have long been a burden for developers, eating into their profits. Ekta Real Estate limits these fees significantly, making it up to 50% cheaper than traditional markets. Additionally, the blockchain technology employed by Ekta streamlines the entire process, resulting in transactions that are 50 times faster than in the traditional real estate industry.

Key Takeaways

Ekta Real Estate is set to disrupt the century-old real estate model, bringing unmatched benefits to developers, buyers, and industry professionals. Under the leadership of Berwin Tanco, this innovative technology addresses the core challenges faced by property developers, offering enhanced liquidity, immediate access to funds, global buyer outreach, and reduced fees. The future of property development is being reshaped by blockchain technology, and Ekta Real Estate stands at the forefront of this transformative revolution.

To explore the Ekta Real Estate marketplace and take advantage of its benefits, visit https://ektarealestate.app/.