Dignity Creators Private Limited

In their own words

As we all know, barter agreement is a legal contract that outlines the terms of trade between parties. This could be a trade of goods, services, products, or similar. Barter system has been used in a major part of our history. It is the basis of our modern trading system, and the building foundation of the way we transact nowadays. It is a very simple concept in which two parties are involved in a trade where the exchange goods which are useful and needed by both. For example: if a person, ‘A’ has wheat then he will be searching for someone who is in need of this commodity and can exchange it with, say pulses, which is required by person, ‘A’. When he finds this person the exchange of commodities or Barter happens. In layman’s language we can say barter system is a form of trade where two parties exchange a commodity or goods and no monetary transaction is involved. It’s all about meeting each other’s necessity. If we go in depth, it is witnessed that the modern age buying and selling is also a barter system where one exchanges a commodity for fulfilling their requirement of money. We can say that barter system is the necessity for our day to day functioning. In realty space it is not a new concept. It was already prevailing in this sector in one or the other way. In the year 2009 this trend was at its peak and now it has emerged again. The idea of barter system in Realty sector is to help customers find each other. The barter system allows a developer to complete the project without paying the construction company and helps the latter secure business in an otherwise weak market The idea of barter system in Realty sector is to help customers find each other. We would say even a developer is the customer. They want to trade properties or land in exchange for money which is later on used to invest in another property. So for cutting short this process, the Barter system was introduced. Advantages of our Model:- Provide Cash Strapped Developers No complexities involved unlike monetary system & Benefits a good cause Resources will not be overexploited unnecessarily & eliminates risk to a greater level Helps the Latter Secure Business of Weak Market. Finances are rare in today’s market, so according to real estate experts, Bartering has emerged as a win-win method for both developers and contractors Such a deal, of course, needs to be negotiated by both parties. It is a reciprocal, mutually-beneficial arrangement that doesn’t involve the exchange of cash or another monetary medium

Written by the company on its public Startup India profile. Not verified by us.