Track2Realty: A high-rise is a tall or multi-storied building equipped with elevators, but various bodies have defined the term ‘high-rise differently. For instance, the International Conference on Fire Safety in High-Rise Buildings pessimistically defined a high-rise as a structure where height can seriously impact evacuation, while the Shorter Oxford English Dictionary merely refers to high-rises as buildings having many stories.
Track2Realty: Technically speaking, retirement home projects are developed keeping in mind certain age groups, and should ideally be designed with special facilities to make life more comfortable for senior citizens. However, the on-ground interpretation in India has for the longest time been that any project and location that fits a certain budget and requirements is potentially a suitable ‘retirement home’.
Track2Realty: Rapid urbanization has thrown up many complicated challenges for home owners as well as city planners. While most of the debate tends to revolve around how to improve living conditions in the core urban areas, real estate developers in many cities like Pune, Mumbai and Bangalore are now coming up with an entirely new solution – the creation of entirely new satellite mega-cities.
Track2Realty: In financial circles, the terms real estate investors and real estate speculators are used to refer to people who are buying property to make a profit, rather than for personal use. Though the two terms are often used interchangeably, they are not exactly the same. Nevertheless, even veteran financial specialists tend to get mixed up between the two.
Track2Realty: Less than ten years ago, the concept of luxury homes was firmly tied to a city’s most expensive inner locations. ‘Pin code value’ was the watchword, and developers focused on the luxury segment operated within those boundaries.
Track2Realty: If you have been indecisive about buying a home and have so far preferred to rent instead, this is a good time to finally make your move. Home ownership is one of life’s greatest joys, but that is not the only reason why you should finally take the plunge.
Track2Realty: It is commonly believed that the Indian festive season induces property purchase solely because religious sentiments are high during this period. Likewise, it is a commonly accepted notion that the attractive schemes and freebies that Indian developers offer during the festive season have something to do with the increased sales. Apart from and creating an unduly negative impression in the eyes of global observers of Indian markets, such an assumption does not give Indians the benefit of intelligence.
Track2Realty: When the point finally comes where you are ready to invest in your own flat, there are many considerations that are likely to confuse you. However, the most confusion that Indian middle-class homebuyers usually face is whether to a smaller or a larger flat. One of the biggest contributors to the confusion is that home purchase is rarely, if ever, done without consulting others.