The ZamEstimate™ gives you a price estimate as well as links to the Top 5 most similar properties currently for sale on Zamanzar.com.
Viewing these similar properties allows you to use human judgment to understand the basis of the ZamEstimate™ calculation. It also shows you an accuracy percentage, with which you can understand the extent of accuracy of the estimate given. Zamanzar.com also offers an offline, manual property valuation service for a fee where you get a written property valuation report signed by a licensed property surveyor.
A buyer who used this feature said, I think this is a quick and easy way to find what the prevailing property rates are in any area. The ZamEstimate™ for a 3 bedroom apartment, 1500 sq ft in Defence Colony, New Delhi came out to Rs. 2.80 Cr +/- 1.73%. This estimate was in the price range quoted to me by a local real estate agent.
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