NoBroker office attacked by brokers

NoBroker office attacked by brokers

Author | exchange4media News Service | Wednesday, Sep 16,2015 7:59 AM

NoBroker office attacked by brokers

The office of NoBroker in Bangalore was attacked by brokers yesterday.

Around 40-50 brokers gathered and tried to take forced entry in the office premises with the intent of damaging property, battering employees and disrupting work. When the founders and some employees tried to stop them, the brokers resorted to verbal and physical assault. NoBroker is a disruptive broker-free property search portal that connects flat owners and tenants directly with each other by eliminating the middleman. 

In a press statement, the company states the following:

When some of our employees got assaulted, despite attempts of peaceful discussion, NoBroker informed the police who came in and prevented the situation from getting worse.

We at NoBroker are committed to the safety and security of our employees at all times. Having said that, the formidable team at NoBroker will continue the disruption via technology and help our customers save brokerage. In the age of internet and mobile penetration, this assault in an attempt to hamper technology based evolution. This is clearly an indication of the disruption that NoBroker is causing in the real estate market which is leading to huge savings for the customer and the pinch is felt by the brokers.

We are committed to the cause of addressing the information asymmetry in the real estate sector. We have successfully democratized the rental space with the help of technology and the validation of our belief is that today we are the world’s largest ‘Peer-to-Peer’ ecosystem in real estate with 3 lakh user base. We are currently helping our customers save more than 15 crores of brokerage every month across 4 cities (Mumbai, Bangalore, Pune & Chennai). 

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