Search Results: Real estate developers (2147)

Headlines Construction Labour, Labour Shortage, Labour Migration, Reverse Migration, Indian Real Estate, Indian Property Market

Reverse Migration: Tier II & III city property gaining by default

What is icing on the cake for the developers in these smaller towns now is the fact that they are getting the labour force at a much lower cost. Explaining this trend, Sandeep Agrawal, a property broker in Patna says that the labours were getting their daily wages in the Delhi NCR region in the range of INR 350-500, depending upon the project. But now they are more than willing to work at INR 250 in places like Patna, Kanpur, Kochi etc where they are stationed in proximity to their home towns and the cost of living is much lesser, compared to the metro cities. 

Consumer Connect Monsoon Home Buying, Property Purchase in Monsoon Season, Real Estate Trends, Home Buying Trends, Property Purchase Trends, Festive Home Buying

Why don’t Indians buy houses in monsoons?

There are multiple factors why the home sales in monsoons are subdued. One obvious reason is that the Indians traditionally don’t make any high value purchases after Akshay Tirtiya and before Ganesh Chaturthi. Since a home is the most emotional & aspirational product; is life’s biggest purchase; and is in most of the case for the lifetime; the Indians prefer to wait till the beginning of the festive season. Inauspicious period of Shraddh and Pitripaksh also falls during the monsoon season, where the traditional belief is that any new purchase will invite the curse of the ancestors.

Brand Rating Diary of a Real Estate Journalist, Honest Journalist, Most Hated Journalist, Ravi Sinha, Real Estate PR, Media and Property Market

ABA Corp sets tone for Best Practices in Greater Noida West

Driving down the Noida-Greater Noida property market in general and the Greater Noida West, better known as Noida Extension in popular parlance, could be a delightful rendezvous for any news hungry journalist. Which scribe won’t want a dose of controversy and sensationalism for filing a juicy story? And this market has it all – housing project delays, defaults, cheating, harassment, builders’ high handedness, blatant lies with oozing confidence, and last but not the least, consumer protest all around.

Editorial Lawyer Needed, Lawyers' Role in Due Diligence, Lawyer in Property Purchase, Lawyer Needed in Home Buying, Builder Buyer Contracts, Legal Approval of Property Papers

Legal due diligence in property purchase avoids future litigation: Advocate Devesh Ratan

Devesh Ratan: A lawyer who is exclusively representing you will only look at your interest. A broker has to charge his brokerage from both the parties; he will never say this property has this deficiency, or the papers that you are signing is fixing your liability. For example, many developers put it in their Agreement Form that if they delay the project they will only pay INR 5 but if the buyer delays the payment he has to pay at the rate of 10-15. Only a lawyer can tell you this kind of liability is wrong and it should be negotiated upon.

Finance Home Buying, Client Conversion in Housing, Footfall in Housing, Home Buying in India, Amit Modi, JC Sharma, Subhankar Mitra

Client conversion rate of builders improved post Covid

While the pandemic Covid-19 had hovered like a black swan for the economy in general and the real estate market in particular, the developers across the country also woke up to the unexpected but pleasant reality that the client conversion rate had improved post the pandemic. A Track2Realty analysis.

Consumer Connect Home Loan, Cheaper Home Loan, Home Loan Interest Rates, Lower Cost of Borrowing

Can cheaper home loans lead to more housing sale?

With home loan interest rates below 7 per cent, an impression has gained ground that this is the best time to buy a house. Track2Realty takes a closer look at the economic fundamentals that suggest the interest rates are one of the sales catalysts and there are many variables to consider. 

Reports RERA, RERA Success, Real Estate Litigations, Property Disputes, Builder Buyer Disputes, Property Cheating

RERA doesn’t evoke confidence of the homebuyers

Projects worth INR 4,64,300 crore for a total of 575,900 units are already significantly behind schedule. These 5,75,900 units have been stuck since 2013 or before. However, what is even more disturbing than these staggering number is the fact that in many of the states RERA has been diluted to the extent that it allows the erring developers with the existing projects to get away with the fault lines.

Headlines Real Estate Cost & Benefit Analysis

Will Covid learning goad the sector to right strategy?

There is no denying that the world has changed for the real estate in this part of the market. Of course, there are acceptances with degree varying, denials and even reluctance to adapt to the new normal. However, what can’t be argued is the fact that the market forces are clearly signaling the paradigm shift from the existing denial & resistance to change.

Editorial Ranjeet Mishra, ART Housing Finance

Is due diligence lacking in home finance?

In the financial sector, housing finance is relatively a new concept as the government took interest in the last two decades to diminish the housing problem in India. However, the participation of banks and financial institutions in the housing credit sector has swelled and the sector itself has evolved over the years, fuelled also by the concurrent evolution in government regulations in the sector and real estate industry as a whole.

Consumer Connect Housing Foreclosure, Fiscal Stress, Housing Defaults, Property Market Distress, EMI Defaults, Coronavirus & Housing Defaults, Property EMI Defaults After Covid-19

How foreclosure could be mitigated in Coronavirus hit housing market?

The statistics are scary for any salaried class across the cities of India who has an EMI to pay for his home purchase. The Indian Chamber of Commerce has estimated that the real estate would be witness to 65% defaults from the buyers of under construction projects due to Coronavirus hit lockdown. The estimation is not without its logical reasons. A CII snap poll of the CEOs finds that 52 percent of the companies surveyed foresee job losses, in their respective sectors.

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