Browsing: Myth & Reality

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 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 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 Ganesh Chaturthi, Festivals, festive spirit in property market, India real estate news, Indian realty news, property news iIndia, NRIs, FDI in realty, Track2Realty
An illusion of property peaking this festive season

Such misleading claims prima facie give an impression that the property market in the Indian cities in general, and Delhi-NCR in particular, have peaked up on the eve of long festive season ahead. The claims nevertheless raise more questions than could answer as to how and why there has been sudden spurt in the sales velocity.

Consumer Connect Online Approval, Single Window Clearance, Ease of doing business, Real estate fast tracking of projects, Timely delivery of projects, India real estate news, Indian property market, NRI investment, Track2Realty
Does online clicks throw broker out of the business?

This is probably one of the wishful thoughts of the developers that have been over projected round the year (NRI investment being the other). But a ground zero study of the property market across the key cities indicate that the online property portals offering real estate deals may have made inroads like never before, this definitely is not the end of traditional brokerage or substitute of traditional format of selling through taking clients to see it and believe it.

Consumer Connect Word of Mouth, Whispering, Word of mouth publicity, Referral buyers, Buyers' recommendations, Social circle approval, Best publicity of property, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property, Track2Realty
Other side of word of mouth property purchase

Gone are the days when the overnight appreciation of property prices was enough for the fly by night operators to lure the buyers with glossy advertisements. The ROI of the advertising spend by the developers was calculated with the number of phone calls in return. The economic downturn leading to an end of era of quick appreciation, however, changed the market dynamics completely.

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, Track2Media, Track2Realty
Execution capability poor in real estate

Excuses galore within the sector and there is a big question mark over the execution and delivery capability of the developers. The execution failures have given a lending credence to the criticism that the developers just can not deliver on time. Delivery has emerged as a major issue even though the developers continue to blame it on external factors.

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