8 out of every ten home buyers in the Indian cities are sulking with the unfair trade practices of the real estate developers. Only 20 per cent of the buyers said they received a defect-free home and timely possession. The low customer satisfaction index was as much evident with developers offering affordable housing as with luxury housing.
Considering the amount of negative press they get, it is not immediately apparent that there are also less negative ways of looking at them. For instance, slums represent an extremely high-density model of residential settlement. In this respect, they make the most efficient use of limited land possible.
Construction and real estate development company Panchshil Realty has roped in internationally acclaimed design company, Yoo Design Studio, to design ‘Yoopune’, a residential project that is coming up in Pune. For Yoo, a company promoted by Philippe Starck and John Hitchcox, a renowned property entrepreneur, it is the debut project in India.
The Bangalore based Nitesh Estates Ltd has announced the launch of a high-end villa project in Goa – Nitesh Fisher Island. The project spread over 9.3 acres and comprising 36 very high-end villas, exclusively designed for the who’s who of the country.