Browsing: Consumer Connect

Consumer Connect Independence Day, India at 75, Freedom From FSI, FSI, FAR, FSI & Density Norms, FSI Free Cities
Will freedom from FSI lead to affordable housing for all?

Freedom is a luxury and it means different things to different set of people. The stakeholders within the built environment of the Indian real estate too have their own set of definition when it comes to what defines their freedom. While for a home buyer, freedom is to have a rent-free house of one’s own at an affordable price, for the developers the quest has been freedom from multiple bottlenecks – single window clearance, industry status, easy funding and, most importantly, FSI free developments. Track2Realty investigates whether ‘Freedom From FSI’ would be boon or bane. 

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Consumer Connect Real Estate Price Escalation, Real Estate Price Hike, Input Cost Hike, Real Estate Caramelisation, Cement Caramelisation, Steel Caramelisation, Raw Material Caramelisation, CREDAI, NAREDCO
Sustaining public posturing on construction halt a tricky affair

Just when the real estate industry bodies had firmed up their public posturing to halt construction with allegation of cartelisation by the cement & steel producers, there was uneasiness at the developers’ end. Many of them had their back of the envelope calculation as to whether the construction strike would actually help or hurt the business. Track2Realty tries to get into the depth of the issue.

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Consumer Connect RERA, Real Estate Regulatory Authority, RERA Satisfaction Index, RERA Toothless Body, RERA & Home Buyers, RERA Recovery Certificates, RERA Execution Orders, Advocate Nirmit Srivastav
RERA Satisfaction Index pretty low across India

The home buyers have for long alleged that the RERA has failed to provide them substantial relief in the wake of project delay or defaults. Now the Allahabad High Court has also taken cognizance of the issue and has not only questioned reasons of non-execution but also asked for the roadmap as to how RERA Recovery Certificates would be executed.

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Consumer Connect Strategy Trap, Narrative Trap, Real Estate Narrative, Union Budget, Union Budget 2022-23, Finance Minister, Nirmala Sitharaman
Has real estate fallen into its own “All is Well” trap?

A TV debate after the Union Budget 2022-23 caught one of the IPCs (Independent Property Consultant) off guard when the anchor categorically blamed him for real estate not getting its due with the budget. In his defence he could only argue that it is not about one specific report but all the industry reports are guilty of creating such a goodwill for the sector. The satisfactory voices were so profound that the policy makers too found the business capable of self-sustaining without any fiscal incentives.

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Consumer Connect Consumer Protection, Home Buyers' Rights, Real Estate Consumer Cases, Consumer Protection Act, NCDRC, Advocate Devesh Ratan
Will new rules on consumer commissions help home buyers?

Home buyers point out that it is not only lengthy litigation that defeats their cause but also the fact that the builder continues to challenge the orders of the District Commission in higher courts. Over and above that the builder can also file multiple false cases against the harassed home buyers. The home buyers hence demand that the way NCDRC admits the challenged judgment of the State Commissions on a case-to-case basis, the State Commissions should also adopt the same practice.

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Consumer Connect Real Estate 2022, Property Market 2022, Home Buyers 2022, Housing Market 2022, Real Estate Trends, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News
“What if” buzz word of home buyers in 2022

2022 won’t be an easy year for the average Indian home buyer in terms of making a conscious decision of buying a house. The fundamentals of the market and macroeconomic outlook indicates 2022 could be even more challenging than 2021 for more than one reason. The rising input cost of construction has put a serious question mark over the feasibility of the business in a price sensitive market. Many of the developers with thin profit margins are facing a catch-22 where the input cost hike is compelling for escalation but the demand side is not ready to absorb the hike.

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Consumer Connect Myth & Reality of Home Buying, Festive Sales in Housing, Festive Offers in Property Market, Festive Offers in Home Purchase, Festivals and Home Buying
Festive home sales! Reality versus narrative

I often get amused when I get into the details of the industry survey that shouts at the top of its voice – “All is Well”. Some of these industry reports claiming the business to be witness to higher consumer sentiment are based on the feedback of connected parties like developers, banks, financial institutions and private equity players. All in all, it’s a family cycle where everyone is desperate to beg, borrow or steal for sale. The most important stakeholder – the home buyer – whose sentiment is being tracked is better left out in this mutual appreciation club of vested interests. 

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Consumer Connect Wish List Fingers Crossed, What Home Buyers Want, What Home Buyers Need, Home Buyers' Wants & Needs, Home Buyers' Grievances, Housing Market After Corona, Post Corona Home Buyers
Home buyers’ wants & needs in housing after Coronavirus

The real estate industry stakeholders are debating over the design changes and other functional changes in the housing projects after Coronavirus. An impression is gaining ground that the developers have the realization that the world has changed due to pandemic and they need to alter to fit into the buyers’ needs. An online poll by Track2Realty nevertheless finds that the industry is off the mark when it comes to read the pulse of the buyers. The buyers are not looking for knee jerk design changes but housing to have long term functional changes.      

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Consumer Connect Real Estate Strategy, Real Estate Narrative, False Narrative, Real Estate Communication, Real Estate PR
Narratives that could goad realty to revival

It is easy to criticize the Indian real estate sector for its narrative, or the lack of it. But it takes some thorough understanding of the business, its ROI cycle, its historical legacies and multiple other factors to find method into the madness. We explore how the real estate can create its own effective narrative like some of the other matured industries.

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