NoBroker has unveiled a metro station-based property search feature on its platform, allowing users to search for properties close to their desired metro stations, reducing commute time as people return to the office.

       Currently, the new feature is available in Bengaluru, Hyderabad, Chennai, Mumbai, Pune, and Delhi-NCR.

       Benefits of metro-based search

       Previously, property seekers were constrained to searching for homes near their workplaces, based on distance in kilometres. However, the metro-based search feature allows individuals to explore residences along the nearest metro line to their workplace. Even if these homes are farther from the office, reduced or equal travel times make them an attractive choice.

       Also Read

       Google Search gets AI grammar check feature: What is it, how does it work

       Passengers can carry 2 sealed bottles of alcohol per person in Delhi metro

       Telegram launches Instagram-like 'stories' feature for premium users

       Now, you can edit sent messages on WhatsApp: How it works and other details

       WhatsApp will now let you share voice status, here's how to post one

       From Bikaneri bhujia to India's top snack empire: The Haldiram's story

       Essar sings deal with Vale to get raw material supply for Saudi steel plant

       FMCG items start to pile up in supply chain as demand starts to taper off

       United Breweries brings on Vivek Gupta as MD & CEO from September 25

       HC refuses to restrain use of PolicyBazaar trade marks on Google AdWords

       This not only reduces carbon emissions but also enhances productivity and well-being. Affordability is a significant advantage, and this improved resource distribution will alleviate traffic congestion, the company stated in its official release.

       How it works

       For instance, consider an office located in Mandi House, Delhi-NCR. Traditionally, one might aim to reside within a five-kilometre radius of the workplace, often resulting in higher rental costs due to limited property availability. However, metro-based search allows individuals to select localities along the linear metro route, such as Janpath, JLN Stadium, Khan Market, and Lajpat Nagar. This means that a locality situated 12-15 metro stations away can offer more affordable accommodation options. Thanks to metro connectivity, tenants can also enjoy shorter commutes despite covering a greater distance.

       Why introduce this feature?

       According to NoBroker's half-yearly real estate report, over 70 per cent of people have encountered challenges while searching for rental properties that align with their preferences. This issue is primarily attributed to the surging rental rates driven by robust demand and a substantial demand-supply gap in the real estate market.

       Over the past year, rental rates in localities closer to office complexes across India have witnessed a significant 40 per cent surge. This increase can be primarily attributed to the growing disparity between supply and demand for properties near tech parks.

       Akhil Gupta, the chief product & technology officer at NoBroker stated, "Our metro-based search feature is set to normalise rents around office complexes and IT parks, relieving the pressure on natural resources caused by overcrowding. People can now explore more housing options without straining their budgets. These three key benefits—rent rationalisation, addressing the demand-supply gap, and reducing the strain on natural resources—are poised to bring significant positive change to the real estate market, especially for tenants."