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The brainchild of Jamil Ahman, co-founder of fashion start-up Fashinza, Marrfa is a full stack managed real-estate marketplace
February 05, 2024 | Staff Reporter | India | PropTech
Days after quitting B2B fashion start-up Fashinza, its co-founder Jamil Ahmad has launched a full stack managed real-estate marketplace Marrfa. A SaaS start-up that offers solutions to tackle the trust deficit in the real estate market, Marrfa addresses four key components –
Bridging the Gap Between Developer and Consumer: The platform acts as the intermediary connecting developers with discerning buyers, ensuring that the buyer’s requirements are met, and developers can reach their ideal customer base.
Buyback Assistant: Under this, if a customer encounters issues with a property purchased through Marrfa, the start-up will assist in buying the property back. This initiative effectively transfers the risk associated with buying an under-construction project from the buyer.
End-to-End Financial Solutions: From token money to financing options and complete payouts, Marrfa claims to streamline and simplify all the financial aspects of real estate transactions. The start-up partners with financial institutions to offer competitive financing solutions tailored to the unique needs of real estate buyers.
Ownership Support and Resell Assistance: Marrfa aims to extend assistance to provide ownership support and resell assistance to property owners. This is aimed at fostering long-term relationships with the clients and ensuring that their real estate investments remain a valuable and hassle-free asset.
“By combining these key components, we not only aim to bridge the trust gap in the real estate market but also set a new standard for transparency, financial support, and post-purchase services,” Ahmad said.
On the operational front, he said that the start-up will initially operate across India and the UAE. But in the next two years, the start-up aims to expand across Singapore and Europe as well. Currently, the start-up is bootstrapped, but will look for funding opportunities once it fits into the market frame, Ahmad added.
Earlier last month, Ahmad stepped down as the co-founder and chief business officer of Fashinza, after a nearly four-year stint. Going ahead in 2024, Marrfa aims to build a robust network of agents and launch a discovery platform where foreign investors can get the access of loans from GCC.
