Browsing: Consumer Connect

Consumer Connect RERA, Real Estate after RERA, Success of RERA, Failures of RERA, RERA Registered Properties
RERA sees 40% rise in project registrations in a year

After nearly two-and-half years since RERA deployment across the country, the Centre’s aim to enforce it in each state to regulate the Indian real estate sector has picked up momentum. There has been a 40% growth in project registrations under RERA in a year across the country – from around 32,306 projects in end of September 2018 to nearly 45,307 projects as on 5th October 2019.

Consumer Connect Young Home Buyers, Average Age of Home Buyers, Demographic Profile of Home Buyers, ANAROCK Property Consultants, Prashant Thakur
Age of Indian home buyers across decades and cities

In the late 2010, buyers were largely in the age groups of 35-45 years and 45-55 years, but the share of homebuyers in the 25-35 years age group was minimal. However, improved tax benefits motivated more working youths in this age bracket to opt for home loans. Millennials predominantly favoured paying EMIs for buying a home over the ‘dead’ expense of rentals.

Consumer Connect Stressed Home Buyer. Sulking Home Buyer, Builder Buyer Conflict, Housing Delays in India, Unsold Housing Inventory, Ready to Move Property in Demand, Under Construction Property
How can home buyers trust real estate again?

The Indian housing market is a vicious cycle of broken promises, trust deficit, sulking participants and non-delivery. Statistics only tell you half the story. For the developers, market trackers and the government agencies it is all about numbers – how many units have not been delivered. What these raw statistics don’t tell you that there is a sordid saga of drying emotions of one family with each housing unit. Probably the stakeholders are least bothered about the plight of an average middle class home buyer who has exhausted his lifetime savings, taken up home loan and now reeling under the burden of both the EMI and the rent.

Consumer Connect Project Takeovers, Real Estate Consolidation, Mergers & Acquisitions, Distressed properties, Property Market Consolidation,
Project-level consolidation on the rise

While consolidation has been an ongoing phenomenon for some time, recent mergers, acquisitions and joint developments are underscoring this trend like never before. The Indian residential sector saw a series of disruptions in the last two to three years, with revolutionary reforms like DeMo, RERA and GST remarkably altering the way real estate business is conducted. A natural by-product of this upheaval was consolidation, with fly-by-night developers completely vanishing and small players merging with big ones.

Consumer Connect Noida Extension Property, Greater Noida West Property, Properties in Noida Extension, New Launches in Greater Noida West, Investment in Greater Noida West, Builder Buyer Conflict, Buyers Protest in Noida Extension, Project Delays in Noida Extension, Affordable Market of Delhi NCR, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Investment in Property
Noida Extension classic case of killing a micro market

By the late evening the area bears a deserted look. Local youths with no source of livelihood are on prowl to pounce over what in their understanding is elite class living in apartments. And this so-called elite class is dawn to dusk EMI serving class, helpless to save the little bit of luxury showered on the family with hard earned money.  

Consumer Connect Confessions of Home Buyer, Home Buyer Confessions, Impulsive Home Buyer, Emotional Mistake of Home Buyers, Right Time to Buy House, Buy or Rent, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Investment in Property
Confessions of an impulsive home buyer

I am a home buyer from Mumbai and I want to make a confession that I have survivor’s guilt. I could buy a house at a time others in my peer group could not. My problem is that how to say it loudly about my lack of vision when the world has appreciation in the eyes for my home ownership. But I know how much it is painful to buy a house.

Consumer Connect GST Rate Cut, GST on under construction properties, GST on ready to move properties, GST on home purchase, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property
GST cut hype; homes not affordable

This home buyers’ outburst over the media hype & industry reaction with reference to reduced GST is not an exception. Across the country the home buyers are questioning how the GST reduction has made the houses affordable in the cities where the jobless growth is fast turning into job loss de-growth. This is over and above the fact that the property prices are way beyond the affordability index.

Consumer Connect NRI Investment
NRIs – Know the score before buying a property in India

There is no restriction on the number of properties that NRIs can own in India. However, NRIs obviously need to make informed decisions on such acquisitions. The most important consideration is that of whether the property purchase is for their own or their family’s actual use, or as an investment for rental income and potential capital appreciation.

Consumer Connect Assured returns, Ponzi scheme of real estate, Real estate marketing, Cheating in property market, Funding gap in property market, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property, Track2Realty
Are assured returns ponzi schemes?

Track2Realty approached to a number of real estate developers who are offering assured returns. Though all of them refused to speak ‘on record’ but privately they admit that their assured returns have failed due to market dynamics than intentional cheating.

Consumer Connect Women professionals, Women in real estate, Male dominated Indian real estate, Women branding Indian real estate, Female brokers in Indian real estate, Track2Realty, Indian real estate news, India property market
Who will fix false promises of channel partners?

Now that the Real Estate Regulation Act (RERA) brings the brokers into its ambit, the question that still stands is: What are the grey zones left which are not defined in the prescribed Act? What if the broker or builder has made the verbal promises to the buyer? What would be legal position if the marketing firm/broker misleads the buyer without the knowledge or consent of the builder?How can buyer be compensated if he has bought the property on the promise of misleading claims?

1 2 3 20