NoBroker introduces Society Maintenance Payments, Makes Rent Payment More Rewarding

Mr. Akhil Gupta | CTO & Co-Founder | NoBroker

The real estate portal has partnered with SBI for society maintenance payments to offer cashback

June 16, 2020:, India’s largest brokerage-free real estate portal that connects property-owners and property-seekers directly, has launched maintenance payments across its brands, NoBroker, NoBrokerHood and SocietyConnect.

As a launch offer the company has partnered with SBI to offer flat 300 cash back on maintenance payments of the value of INR 6000 or above on using SBI credit card. The offer can be availed by residents of societies using NoBrokerHood and Society Connect.

The same offer can also be availed by residents of societies that are not using NoBrokerHood by entering the society details, the bill details and transfer account details on NoBroker Pay to make the payment instantly.

The beauty of the solution is that the amount reflects in the society’s bank account instantly as compared to tradition ways of payments via cheques, cash or other society maintenance apps which takes minimum 2 days to reflect in the account.

Commenting upon the partnership, Akhil Gupta, Co-Founder and CTO of NoBroker said, “We are committed to bring digital payments in the real estate. People traditionally use cash or cheque for maintenance payment and it used to take 2-7 days for amount to be reconciled by society. Residents have been struggling with reconciliation issues. By paying through the NoBrokerHood, Nobroker or the SocietyConnect apps, the maintenance payments can be made instantly and seamlessly. We have seen surge in digital cashless solutions over the past few months. Our team is consistently working to minimize the impact of the current crisis and innovate solutions to their advantage.”

Last month the company rolled out 5% cash back on rent payments made on NoBroker Pay using HDFC Payzapp. The offer has been extended on customer demand. The company is persistently innovating while providing easy payment solutions on their platform.

About is tech-based brokerage-free real estate platform that makes real estate transactions seamless and efficient. It is removing information asymmetry in the real estate sector in India with the use of cutting-edge technology and innovation. It participates in the entire user journey starting from the house search to packers & movers, home loans, home painting and cleaning services, legal services, etc. With more than 85 lac registered users across Bangalore, Mumbai, Pune, Chennai, Hyderabad and Delhi-NCR, it is the world’s largest P2P real estate platform. Founded by Akhil Gupta from IIT- Bombay, Amit Kumar Agarwal from IIT- Kanpur and IIM- Ahmedabad and Saurabh Garg from IIT – Bombay and IIM – Ahmedabad, is steadily working towards streamlining India’s largely unorganized real estate industry. The platform has raised a total funding on $151 million from marquee investors such as General Atlantic, Tiger Global, SAIF Partners, Beenext and KTB Ventures.

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