Browsing: Consumer Connect

Consumer Connect Judiciary, Judicial Activism, Judicial intervention in Indian real estate, India real estate news, Indian Property Market, Track2Realty
How to file a complaint in consumer court

Track2Realty explains how an aggrieved homebuyer can file complaint before the consumer court. Gaurav Gupta, a homebuyer, was subject to dual cheating when he bought the house. Not only was he forced to pay additional amount for no fault of his but also the apartment had serious construction and seepage issue. He finally filed a complaint with the National Consumer Disputes Redressal Commission (NCDRC).

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Consumer Connect Jaypee Wishtown, Jaypee homebuyers, Jaypee cheated homebuyers, Jaypee Group Insolvency, Legal options for Jaypee homebuyers, Homebuyers asking Jaypee Group, India real estate news, Real estate news India, Indian property market news, Investment with Jaypee Group, Track2Media Research, Track2Realty
Options for Jaypee homebuyers after insolvency

Many of the homebuyers in their desperate instinct are thinking of immediately stopping EMIs (Equated Monthly Installments) to banks. However, many of them are conscious of the fact that stopping EMI is not a solution. If buyers stop servicing their home loans (as they are not sure if they will get a house), it may impact their credit rating.

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Consumer Connect
Checklist to buy environment friendly homes

The buyers can also check whether the developer has put in place systems that manage household waste and construction waste, reuse of salvaged material and recycling. For example, some of the developers are using garbage chute that collects the food waste of residents and transfers it to the compost machines to make compost for the green area maintenance. These are the features that really make a project environment friendly and the buyer can ask for these details in writing.

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Consumer Connect Homebuyer, Home Finance, Indian property market, Indian housing reforms, Property market regulations, Real estate understanding, Real Estate tips, Real estate guide, Track2Media Research Pvt Ltd, Track2Realty, Homebuyers Knowledge, NRI Investors, NRI investment pattern
Dilemma of right time to buy house

Reports of price correction, more often than not, seem to conceal more than it reveal on the pulse of the property barometer. The answer as to whether this is the right time to buy is not a simple yes or no, but it depends on a number of factors like whether a buyer is looking for first or second house, for living or investment, if investment then it is for the long run or short run etc.

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Consumer Connect Homebuyer Confusion, Confused homebuyer, Homebuyers grievances, Homebuyers' legal options, India real estate news, Indian property market news, Track2Realty
Emotional mistake of homebuyers

Considering the overall economic health of an economy is largely influenced by the functioning of its housing market, there is definitely a need to reform the property buying and selling process which allows consumers to be more involved. This is all the more relevant in the present market conditions where, the cost of capital and loans are high and not expected to decrease in the near future – affecting the affordability and availability of homes.

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Consumer Connect NRI, Non Resident Indian, Indian Diaspora, NRI investment in property, Property market for NRIs, India real estate news, Indian property market, Track2Realty, Track2Media, Indian Diaspora investment, NRI property management, NRI property management services, NRI due diligence
Due diligence critical missing link for NRIs

Indian real estate is yet to reach to a level of maturity where there is authentic due diligence that is accepted and honoured as third party and neutral platform for the buyers. Unfortunately, there is a collective conspiracy of silence on part of the developers by dismissing any such platform, as and when any attempt is made. The larger universe of the developers are still not very comfortable with a critical review platform that would rather lend them credibility for the right kind of projects.

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Consumer Connect india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property
Resale of under-construction needs extra caution

The data available with Track2Realty suggests that more than half of the property transactions in the last three years have been with the under-construction property. However, purchase of under-construction properties is not as simple as it appears from the standpoint of construction timelines. The process needs extra caution from legal standpoint to make sure the second buyer is not caught between the developers’ vague commitments and the first buyers’ exit without the mandatory processes.

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Consumer Connect Consumer Activism, Consumer blackmailing, Homebuyers protest, Grievances of homebuyers, India real estate news, Indian property market, NRIs worry in property market, Track2Realty, Track2Media Research
When consumer activism turns into blackmailing

Indian real estate, of late, has woken up to the new reality of consumer blackmailing. While in most of the cases the grudge of the homebuyers has been genuine; it seems there is an organized mechanism emerging that want to encash upon the homebuyers’ acrimony with the developers.

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Consumer Connect Crowdfunding, Real estate crowdfunding, Organised funding in real estate, REIT, Indian real estate investment, India real estate news, Indian property market, Track2Realty, Track2Media
Crowdfunding different from organised REIT

With real estate giving better ROI than any other investment vehicle in the country the investors in the India are today exposed to what is happening in the global market. The investors are hence curious to explore what has been tried and tested format in other matured markets – crowdfunding.

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