Home buyers’ satisfaction index at all time low: Track2Realty survey
News Point: Track2Realty pan-India survey finds that the home buyers’…
News Point: Track2Realty pan-India survey finds that the home buyers’…
News Point: GST has confused the home buyers as back…
News Point: Consumer activism, media trial & judicial intervention come…
News Point: For the first time homebuyers and end users,…
News Point: If the regulator was mooted out as an…
News Point: Now that the Real Estate Regulatory Bill has…
Bottom Line: After regulator, rate cut is another confidence booster…
“I am reading these newspaper reports about the real estate sector demanding so many things with the Union Budget. Most of these demands are for their financial health than understanding the market from common homebuyers’ perspective like us. Do we matter at all in this eco system where neither the government nor the developers understand what keeps us away from the property market,” says Shweta Sanyal, an advertising professional in Mumbai.
Noida developers have this time not only trapped the homebuyers but also the development authorities of Noida, Greater Noida and Yamuna Expressway. In more than 100 real estate projects the developers like ATS, Supertech, Unitech, Orris, Omaxe and Logix have defaulted on payment of land cost to the government in Noida, Greater Noida and Yamuna Expressway areas. The amount is staggering Rs. 10,000 crore.
Experts recommend certain safeguards a homebuyer should take to evade getting into dicey deals:
Reputation: The buyer should invariably consider the reputation of the builder and their development history and form a fair idea of the credibility of the developer both in terms of timely completion of work and the quality of their construction.