Browsing: Due Diligence

Consumer Connect Second homes, Holiday homes, Weekend homes, Investment homes, Leisure homes, Investment for weekend, India real estate news, Indian realty news, Real estate news India, Indian property market, Track2Media Research, Track2Realty
What drives holiday home investment?

Second home market is a new phenomenon in urban India but has emerged as a sunrise market in cities like Mumbai. With the ever changing trends the demand for holiday homes has varied according to the consumer’s needs and tastes amongst various cities. Hence, there cannot be a one size fits all answer to the dilemma of location or affordability. For many a second home in India is housing which offers opulent living spaces and ultra-modern luxurious amenities; whereas for others it is a safe investment.

Consumer Connect Judiciary, Judicial Activism, Judicial intervention in Indian real estate, India real estate news, Indian Property Market, Track2Realty
How to file a complaint in consumer court

Track2Realty explains how an aggrieved homebuyer can file complaint before the consumer court. Gaurav Gupta, a homebuyer, was subject to dual cheating when he bought the house. Not only was he forced to pay additional amount for no fault of his but also the apartment had serious construction and seepage issue. He finally filed a complaint with the National Consumer Disputes Redressal Commission (NCDRC).

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Checklist to buy environment friendly homes

The buyers can also check whether the developer has put in place systems that manage household waste and construction waste, reuse of salvaged material and recycling. For example, some of the developers are using garbage chute that collects the food waste of residents and transfers it to the compost machines to make compost for the green area maintenance. These are the features that really make a project environment friendly and the buyer can ask for these details in writing.

Consumer Connect Homebuyer, Home Finance, Indian property market, Indian housing reforms, Property market regulations, Real estate understanding, Real Estate tips, Real estate guide, Track2Media Research Pvt Ltd, Track2Realty, Homebuyers Knowledge, NRI Investors, NRI investment pattern
Dilemma of right time to buy house

Reports of price correction, more often than not, seem to conceal more than it reveal on the pulse of the property barometer. The answer as to whether this is the right time to buy is not a simple yes or no, but it depends on a number of factors like whether a buyer is looking for first or second house, for living or investment, if investment then it is for the long run or short run etc.

Consumer Connect NRI, Non Resident Indian, Indian Diaspora, NRI investment in property, Property market for NRIs, India real estate news, Indian property market, Track2Realty, Track2Media, Indian Diaspora investment, NRI property management, NRI property management services, NRI due diligence
Due diligence critical missing link for NRIs

Indian real estate is yet to reach to a level of maturity where there is authentic due diligence that is accepted and honoured as third party and neutral platform for the buyers. Unfortunately, there is a collective conspiracy of silence on part of the developers by dismissing any such platform, as and when any attempt is made. The larger universe of the developers are still not very comfortable with a critical review platform that would rather lend them credibility for the right kind of projects.

Consumer Connect india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property
Resale of under-construction needs extra caution

The data available with Track2Realty suggests that more than half of the property transactions in the last three years have been with the under-construction property. However, purchase of under-construction properties is not as simple as it appears from the standpoint of construction timelines. The process needs extra caution from legal standpoint to make sure the second buyer is not caught between the developers’ vague commitments and the first buyers’ exit without the mandatory processes.

Consumer Connect Professional Stress, Real estate professionals, Client demand, brokers pressure, NRI investment, real estate salary, real estate depression, unprofessional real estate, Track2Media Research, Track2Realty
Misleading terms used by builders

Amidst all the misleading claims and marketing exaggerations, location mapping is the most glaring one. Generally maps are not to scale and give the wrong perception of the location of the project. For example, the brochure will say 10 minutes from the airport or commercial district; it does not state distance in kilometres.

Consumer Connect Track2Realty, Track2Media, India Real Estate, Valuations of Real Estate, Realty News, Property News,
Know your budget before home buying

The budget factor can only lead to identifying one’s requirements and priorities with regards to location, number of bedrooms and amenities that one aspires to have. If the borrower has done his affordability calculation and knows his repayment and other expenses, then only one is technically and financially ready to borrow with full knowledge of his capacity to repay a loan, in addition to any savings one may be using as a down payment. These simple check marks will go a long way in deciding the future home and whether or not you are over leveraging yourself.

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