Will 2017 be year of best practices in Indian real estate?
Bottom Line: The understanding of best practices is very archaic…
Bottom Line: The understanding of best practices is very archaic…
Bottom Line: The recent demonetization step taken by the government…
Bottom Line: Brotin Banerjee, MD & CEO of Tata Housing…
Bottom Line: The slowdown in the Indian property market has…
News Point: GST has confused the home buyers as back…
Bottom Line: The New Model Building By-laws (MBBL) promises to…
China top target destination in APAC; Southeast Asia surges. Growing…
Today, the world sees India as a land of opportunity for business and investment. RBI head Raghuram Rajan said in mid-September that while fellow BRICs have deep problems, India appears to be an island of relative calm in an ocean of turmoil.
The IT/ITeS sector has clearly been driving corporate real estate in the country; and consequently, much of the development in this space is being propelled by IT and back-office demand for workspaces, as per CBRE’s India report – Real Estate & Workplace Strategies of Shared Services Occupiers.
In the real estate market consumer activism in India may have been high in recent times, but consumer awareness is pretty low. Most of the first time home buyers even fail to differentiate between what they want and what they need in an apartment, forget about their knowledge with regard to legalities and necessary checklist. The mismatch between developers’ offerings and buyers’ perception is a critical missing link leading to an impression gaining ground that the developer has not fulfilled his promise.