Browsing: Consumer Connect

Consumer Connect Market Depth, Stock Market, Due Diligence in real estate, Defining demand in real estate, Research in property market, Data analytics in real estate, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property market, Track2Realty
Indian developers lack market depth

In real estate, market dynamics is so more complex that all the marketing theories and economic rationale have already gone for the toss. The conventional financial definitions are often challenged by the imbalance of demand & supply. With real estate predominantly being a micro market business, each market has its own dynamics.

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Consumer Connect Transparency in real estate, Disclosures in real estate, Best practices in property market, Cheating in property market, Frauds in real estate, Builder Buyer Agreements in real estate, Transparent deals in property market, India real estate news, Indian realty news, Real estate news India, Indian property market news, Track2Realty
Property market yet not transparent

It is the lack of proper disclosure that often results in litigations. Across the world, disclosure laws vary from state to state, even down to the city and local governance level. Though disclosure norms are very poor in India, the developers who conceal relevant information about the housing project can still be taken to courts for failure to disclose.

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Consumer Connect 3C CSR, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2Realty
Who cares to care in real estate?

One of the most critical aspects of in business is ‘Caring Factor’. Every business on the face value tells its customers and stakeholders, including the employees, that it cares. It cares about them; it cares for them. It wants to make them feel loved and appreciated.

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Consumer Connect Nahar Excalibur, Mumbai real estate, Malad Property, Luxury real estate, Indian real estate news, India property market, Track2Realty
Is luxury housing more realistic in India?

An outside view on the Indian real estate market may get confused with the fact that mismatch in delivery and performance is lesser in luxury projects than even affordable housing. Isn’t it a fact that buyers in low income housing are more price conscious and more concerned to check & cross check than those nouveau riche who have enough money to splurge?

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Consumer Connect Homebuyers, Happy Homebuyers, Buyers as brand ambassadors, Happy home owners, NRIs, Family in new house, India real estate news, Indian property market, Best news magazine on real estate
Homebuyers must know budget & needs

With the reasonable expectation of a roof over the head not very long ago, the real estate boom in this part of the world has scaled up the liberty of choice for the average homebuyers. While the aspirations of even the middle and lower middle income with moderate budget have gone up, there are very many residential projects launched in recent times that seem to fill the gap with the promise of hi-tech amenities, luxurious lifestyle, lush green surroundings within the range of Rs. 30-70 lakhs.

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Consumer Connect Home Buyers Crowd, Public Perception, Public Opinion, Home Buyers' Survey, India real estate news, Indian realty market, India property market, Track2Realty
Buyers demand best practice in Indian real estate

The prevailing sentiment among the home buyers is quite negative. The developers have definitely failed to identify the strategic and operational challenges that can goad the sector to adopt the best practices. There is no specified industry standard that can be widely accepted as best practice and the industry bodies are seen as builders’ lobbies.

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Consumer Connect Realty terms, Real estate terminology, Property market terms, Understanding of real estate terms, Carpet area, Super built up area, FSI, Loading, CAM, Common Area Maintenance, Stamp Duty, Registration Charges, PLC, Preferential Location Charges, India real estate news, Indian realty news, Real estate news India, Track2Realty, Track2Media Research
Realty terms buyer needs to know

There is no rocket science in real estate that buyers can not adopt and understand for their own better understanding of the most valuable asset called house. Proper understanding of the real estate terminology also helps the homebuyers to safeguard against the misleading sale.

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Consumer Connect Best practices, Best practices in Indian real estate, Professional practices in Indian real estate, Builder buyer conflict, Builders cheating buyers, Builders harassing buyers, Homebuyers protest against builders, Consumer grievances in real estate, Consumer complaints in real estate, Indian real estate news, Real estate news India, Indian realty news, Indian property market news, Track2Realty
Vicious circle & challenges of best practices

Delivery delays, mismatch in area, changes in structure or designs in a project and developers going back on other promises have been quite common. These issues have given rise to consumer activism, in courts and outside. The Competition Commission of India (CCI) slapping a fine of INR 630 crore on DLF gave some hope to the buyers.

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Consumer Connect Best Practices, Professional practices in Indian real estate, Best practices in Indian real estate, Professionalism in real estate, Builders cheating buyers, Homebuyers protest against builder, Consumer grievances in real estate, Consumer complaints in real estate, Builder buyer conflict, Track2Realty
Baggage of trust deficit & best practices

The industry body Confederation of Real Estate Developers’ Association of India (CREDAI) has thus far failed to act against the erring builders. They had only been vocal with a resolve to suspend the members who have repeatedly gone back on promises to buyers.

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