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NAR-India Annual Convention 2025

Shaping the Future of Indian Real Estate New Delhi, March 21-22, 2025: The 17th NAR-India Annual Convention, hosted by the National Association of Realtors India (NAR-INDIA) in collaboration with APP Delhi NCR, commenced with grandeur at JW Marriott, Aerocity, New Delhi. The prestigious event brought together policymakers, industry leaders, and real estate professionals from India and around the globe to discuss the future of Indian real estate. Hon’ble Manohar Lal Khattar, Minister of Housing and External Affairs in the Central Government, graced the event with his esteemed presence. Addressing the gathering on the occasion of World Realtors Day, Khattar Ji lauded the real estate sector’s contributions to nation-building, highlighting its significant 18% contribution to India’s GDP. He commended NAR-India and the entire real estate fraternity for their pivotal role in driving economic growth. The convention spotlighted key reforms and emerging trends shaping the real estate landscape in India. Engaging panel discussions covered crucial topics, including the Real Estate (Regulation and Development) Act (RERA), the proposed One Nation, One Licence system for brokers, and the growing emphasis on certification and training for real estate professionals. Experts stressed the need for structured education, ethical practices, and regulatory knowledge to meet the sector’s evolving demands. The event was further elevated by the presence of several distinguished guests, including Mr. Anand Kumar, Chairman of RERA Delhi, and Mr. Aman Gupta, Co-founder and CMO of boAt. Adding to the dynamic atmosphere were captivating sessions by author and speaker Mr. Chetan Bhagat, stand-up comedian Gaurav Kapoor, and actress Ms. Divya Dutta. Senior journalist Ms. Manisha Natrajan, along with global real estate leaders such as Ms. Marion Weiler (VP, Stellar MLS & UCO), Ayres Dcunha (NAR Global Ambassador to India and Thailand), Dr. Matthew Kallumadil (VP, Technology Innovation and Global Markets at Stellar MLS & UCO), Sam DeBord (CEO, RESO), and Shayne Fairley (COO, Stellar MLS & UCO) shared valuable insights, adding depth and diversity to the discussions. The 17th NAR-India Annual Convention proved to be a powerful platform for meaningful dialogue and collaboration. With the active participation of policymakers and industry experts, the event reaffirmed NAR-India’s commitment to advancing the real estate profession. It successfully paved the way for a progressive roadmap, fostering growth, innovation, and excellence in India’s real estate sector.  

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Radical reforms will make Real Estate $1 trillion market by 2030

Vast swathes of land with construction activity and glittering buildings dotting the skyline greets you as you drive through the newly built urban highways and expressways in Indian cities! The massive transformation in the country’s physical, social and digital infrastructure is evident and its impact palpable. The Indian government has spent `54 lakh crore on capital expenditure in the last 11 years. This has had a huge multiplier effect on economic growth and consumption demand, benefitting sectors like real estate, manufacturing and services – the major job creators in the economy. For India to become the third largest economy by 2030, the real estate sector will play a vital role. Rapid economic growth has led to a rise in urbanisation and affluence of Indians. Urban areas are projected to house 40% of the population by 2030, and per capita income of India is expected to surge by nearly 70% to reach $4,000 by 2030. These factors will create unprecedent demand for real estate. The sector is projected to reach a market size of $1 trillion by 2030 from $300 billion currently with its contribution rising from 7% of GDP to 15%. To achieve this, the sector must embark on an ambitious growth path. For that to happen, radical reforms must be undertaken in areas like taxation, approvals, ease of doing business, access and affordable credit, affordable housing to propel demand and attract domestic & foreign capital into the real estate sector. India’s GDP at current prices is expected to reach $7.3 trillion by 2030 from $3.5 trillion in 2023-24, thereby overtaking Japan to become the third largest economy after the USA and China. Paradigm shifts in real estate India’s real estate has undergone a paradigm shift since the operationalisation of RERA in 2017. It has brought about vast improvement in compliance by real estate developers as a result of which the sector has seen huge transparency leading to a rise in investments by individuals, domestic and foreign institutional investors. According to PropEquity data tracking RERA across 20 states, 1.43 lakh projects have been registered comprising 1.11 crore units between January 2017- January 2025. Renewed Momentum post-pandemic The sector has seen a cycle of growth never seen before in the past four years (2021,2022,2023,2024) after two years of slow growth which started in 2019 and dropped to its lowest during the COVID pandemic in 2020. The pandemic ushered in strong homebuying sentiments from both domestic investors, who wanted to either upgrade to a new home or invest in this wealth-creating-income-generating asset class owing to rise in aspiration and affluence. NRIs too jumped onto the bandwagon and wanted a piece of real estate in their hometown back in India. To add to this, the massive infrastructure development like expressways and highways, airports, metro rail and rapid transit systems, modernisation of railways among others placed real estate sector amongst the best performing asset class. These factors have played an important role in driving up housing sales and real estate price exponentially over the past five years. According to PropEquity, the average housing price in India’s top 9 cities have gone up by 88% in the last five years with cities like Gurugram, Noida, Bengaluru, Hyderabad and Chennai recording growth between 80-160%. During this period, the housing sales have gone up from Rs 2 lakh crore to Rs 6 lakh crore across top 9 cities with units sold rising from 2.7 lakh units to 4.7 lakh units. The trend across India’s tier 2 cities is similar. In 2024, housing sales in India’s top 15 tier-2 cities saw a 4% increase in units sold to 1,78,771 units and a 20% rise in sales value, reaching ₹1.52 lakh crore. Office leasing crossed 75 million sq. ft. in 2024 with strong demand from technology, BFSI and co-working operators. India’s warehousing sector leased 25.6 million square feet in 2024 while retail leasing touched 6.4 million sq. ft. Conclusion The need of the hour is to build on the momentum. Significant reforms on fiscal and monetary side must be undertaken to boost both demand and supply. The initiatives must not just incentivise developers by way of tax reliefs, policy tweaks and faster approvals but also homebuyers and investors to make it lucrative for them to invest in the real estate sector. These measures will unlock the full potential of the Indian economy and help it become a $1 trillion market by 2030 contributing significantly to GDP and employment. Samir Jasuja Founder and CEO

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How Black Panda Engineered a Revenue Leap Without Adding a Single Client

From ₹3 Cr to ₹10 Cr What if someone told you your business could 3X its revenue without spending a single rupee on marketing or acquiring new customers? Sounds like a fantasy? That’s exactly what we did. At Black Panda Enterprises, we specialize in business turnarounds—and not the “let’s redesign your logo” kind. We get under the hood, fix what’s broken, and unlock hidden growth sitting right inside your current setup. Take this recent project: an Indian software company that had hit a wall. Annual revenue was stuck at ₹3 Cr, teams were demotivated, and clients were slowly drifting away. They had the talent, the clients, and the tech—but they were leaking value at every level. When they called us, we didn’t pitch shiny new tools or market expansions. We told them something different: “Let’s win with what you already have.” Here’s what we did: Rebuilt the leadership mindset from operational firefighting to strategic thinking. Streamlined internal operations so delivery became predictable, professional, and faster. Revamped HR systems—hiring, onboarding, performance tracking, and most importantly, retention. Installed financial discipline so the business could scale profitably, not just grow recklessly. Engaged deeply with existing clients, improved service delivery, responsiveness, and value delivery. And the outcome? Revenue jumped from ₹3 Cr. to  ₹10 Cr. annualized in just under 10 months. Zero new clients added. This was pure operational and relationship optimization. Now, here’s the part most CEOs and founders miss: the difference between systems and processes—and how this misunderstanding quietly caps their revenue. A process is a single thread—how you onboard a client, how you approve budgets, how you close support tickets. But a system is the engine—a connected set of processes, people, and tools that work in harmony to achieve outcomes. Most companies have a few good processes. Very few have functioning systems. That’s why revenue stalls. That’s why scale breaks. And that’s where we come in. Whether you’re in tech or real estate, services or construction—your growth is being throttled not by lack of opportunity, but by invisible gaps in how your business runs. At Black Panda, we don’t just fix operations—we engineer systems that grow revenue. Let’s talk. Your next ₹7 Cr. might already be in your business—you’re just not set up to see it. Leena Nair Founder & CEO, Black Panda Enterprises [email protected]

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Chapter 2/4: Designing Homes That Feel Like You

At Archmaze Associates, our creations live this adage because we don’t just design buildings—we shape homes filled with comfort, beauty, and meaning. You feel great leaving it and even more so when you come back! To this end, as an architectural firm we specialize in creating private residences that are thoughtfully planned to keep things deeply personal, beautifully designed, and most of all, crafted in ways that go beyond dreams. To us, a home is beyond four walls and a ceiling. It’s a reflection of the people who live in it, their dreams and aspirations. That’s why every project of ours starts with listening carefully. We take time to understand your lifestyle, your preferences, and your dreams. Whether it’s a cozy weekend cottage or a large family home, our aim is to design spaces that feel just right—for you, every moment. Our approach is rooted in four key values. First, sustainability. We use eco-friendly materials and focus on natural lighting, ventilation, and energy-efficient systems. We design with nature, not against it. Second, functionality. Homes we help create are not only elegant but also practical. We create layouts that flow naturally—from living rooms that invite conversation to kitchens that support everyday life to bedrooms that induce the feeling of rest and happiness. Third, personal style. No two families are alike. We ensure that every home reflects the personality and lifestyle of its owners. Your taste, your habits, your comfort—it all matters. And fourth, timelessness. We believe good designs last. By using natural materials and simple, elegant forms, we create homes that look good today and still feel right years from now. Our design process is clear and collaborative. It begins with a friendly consultation where we discuss your goals, needs, and site conditions. We then study the land carefully, looking at light, wind, slope, and other natural elements. Next comes the creative part—translating your ideas into initial sketches and concepts. These ideas are developed into detailed drawings and specifications, using tools like CAD and Building Information Modelling (BIM). Throughout the process, we coordinate with experts in structure, lighting, ventilation, and more. Once everything is planned, we help you get the required permissions. We stay involved during construction, making sure your home is built exactly as it was imagined. At Archmaze Associates, we’re passionate about building more than houses—we’re building havens. Spaces where you can rest, grow, and celebrate life. Homes that welcome you every day with warmth and grace. Let’s build yours, together.   Ar. Sahil J Khinvasara Founder, & Principal Architect at Archmaze Associates +91 9021588829 [email protected]

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Redefining Retail Property Leasing in India

India is urbanizing at a blazing speed, and one of its defining features is the rise of commercial spaces—high-end shops, malls, and offices that exude style, sophistication and suave. Rented in almost all cases, these spaces, with their prime locations, sizes, thoughtful layouts and sumptuous interiors, fuel profitability for both landlords and tenants. For customers and visitors, these developments mean having brands like Reliance, Tata, AV Birla, HDFC Bank, ICICI Bank, and MNCs such as Starbucks, Sketcher, Levis, and Adidas nearby. In Maharashtra, if there’s one name that has played a crucial role in making such realty a reality, it is Dippak Khaade. From Engineer to Realty Expert Born into a family with deep roots in real estate, Dippak’s occupational journey began with (of all things!) an engineering degree in IT from Sangli’s Walchand College of Engineering. Shortlisted by an IT major, he left it there when he realized his true passion: to be where money flows, first in stocks, then commodities trading, where he managed multiple offices across Maharashtra. Moving with the right folks and given his family’s deep roots in the field, he eventually veered around to real estate. In 2016, he transitioned into property leasing, leveraging his financial acumen to create unmatched opportunities for himself and all those who formed the ecosystem. In under a decade, Dippak has brokered significant deals, including: A single transaction securing 136,000 sq ft of space for Reliance Retail. Leasing a total of 10,30,000 sq ft from when he entered the field in 2016. A Unique Approach to Leasing Unlike traditional consultants, Dippak integrates technical, legal, and financial assessments, ensuring clients make informed and profitable decisions. His expertise minimizes risks and accelerates transactions. “If a consultant understands only one aspect of a deal, the process slows down. My all-encompassing approach ensures efficiency and success,” he explains. By reducing intermediaries, he streamlines negotiations, enhances credibility, and provides seamless services to both landlords and corporate tenants. Comprehensive Range of Services Dippak’s approach is more than just bringing parties together; it’s about offering a structured, hassle-free leasing experience. His services include: Technical Assessments: Evaluating structural compliance, façade specifications, and feasibility. Legal Due Diligence: Verifying ownership, ensuring clear titles, and streamlining documentation. Financial Structuring: Advising on rental feasibility, escalation clauses, deposits, and taxation. Built-to-Suit (BTS) Solutions: Custom-built commercial spaces tailored to MNC retailers. Market Insights: Data-driven analysis of footfall, competitor presence, and rental trends. His BTS solutions have been a game-changer, enabling retailers to establish customized commercial properties aligned with their specific needs. The Future of Real Estate With a booming GDP, an expanding middle class, and increasing urbanization, India’s real estate sector is on the verge of exponential growth. “India’s youth is shaping today’s real estate trends. The industry has barely scratched its potential,” Dippak asserts. Standing Out in a Competitive Market In a field dominated by brokers focused on deal closures and commissions, Dippak’s emphasis on quality, fairness, and transparency sets him apart. Unlike those who rush transactions, he prioritizes precision—sometimes waiting five years for a deal while earning referrals from satisfied clients. A Game-Changer in Property Leasing In the high-stakes world of corporate leasing, Dippak combines market intelligence, financial expertise, technical know-how, and a personal touch. His ability to match top corporates with the right properties while securing profitable deals for landlords makes him a key player in the industry’s future. As the sector gears up for more significant expansion, professionals like Dippak Khade will play a pivotal role in shaping a more transparent, lucrative, and structured real estate landscape.

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Vastu Veda’s Healing, Vastu & Astrology: Ancient Must-Haves for a Modern Living

In today’s fast-paced world, balance isn’t a luxury—it’s a necessity. Vastu Veda empowers individuals and businesses to harmonize their lives using the time-tested sciences of Vastu Shastra, KP Astrology, and Holistic Healing. This is not about superstition. It’s about aligning your environment, timing, and energy to create a life of clarity, health, and fulfillment. Vastu Shastra: Energy in Architecture Vastu Shastra is the ancient Indian science that explains how the energy of a space can influence well-being. At Vastu Veda, we study the layout, direction, and energy patterns of your home or office to identify imbalances that may be affecting your life. For example, reorienting your entrance may bring more opportunities, while correcting the kitchen layout can improve family harmony and health. These are personalized, practical changes—not one-size-fits-all fixes. Vastu benefits include: Boosting financial flow by correcting energy blocks Enhancing peace and productivity at home or work Strengthening relationships through space rebalancing KP Astrology: The Science of Timing Krishnamurti Paddhati (KP) is a precise and advanced form of astrology. Using star-based calculations, it offers insights into life events, choices, and challenges. With KP Astrology, we help you: Make informed career and investment decisions Understand compatibility in relationships or marriage Anticipate health cycles and prepare accordingly Choose the right timing for important actions Unlike traditional methods, KP offers clarity without confusion—and always with remedies where needed. Healing: Aligning the Inner Self Healing completes the triangle of transformation. Our therapies address emotional baggage, energy imbalances, and mental fatigue, often caused by the demands of modern life. We offer: Pranic Healing to cleanse and recharge the energy body Chakra and Crystal Therapy for emotional and spiritual balance Mantras and Yantras to shift vibrational patterns. When combined with Vastu and Astrology, healing accelerates change and deepens self-awareness. The Vastu Veda Approach What makes Vastu Veda unique is its integrated, personalized approach. Whether you’re facing a specific problem or seeking holistic growth, we tailor solutions using a powerful blend of ancient wisdom and present-day insight. Book a Consultation Today! Book Your Consultation Today Your space reflects your state. Your stars reveal your path. Your energy carries your potential. Let Vastu Veda help you realign, reawaken, and rise. Suumit Toke Vastu Consultant and KP Astrologer, Vastu Veda +91 86696 69973 [email protected]

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Pune Commercial Real Estate Market

A Comprehensive Overview of CY 2022-2024 Trends This report delves into Pune’s commercial real estate landscape, analyzing demand, supply, and rental trends from CY 2022 to CY 2024. With a 12.1% vacancy rate and a robust pipeline of 26.4 msf under construction, we explore key lease transactions, demand distribution across sectors like IT/ITES, BFSI, and co-working spaces, and the evolving supply dynamics for 2025. Highlighting the prime locations witnessing strong demand, this report provides a detailed snapshot of Pune’s commercial market performance and future outlook. Abhishek Kiran Gupta CEO, CRE Matrix & IndexTap  

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Building a Sustainable Future: Reducing Capital Costs Through Green Real Estate Practices

  Hyderabad 2015.05.29 – swaraj samaaj Go Local. It shall save the Globe and everything Global!At the NAVIGATE 2025 conference in New Delhi, and thanks to the opportunity provided by Mr. Rishi Raj and Mr. Arjun Gandhi (the CEO and Head, Marketing – Max Estates) I raised a critical question: In our pursuit of short-term gains, are we sacrificing the future of real estate—and our country? Satellite images of Bengaluru, Hyderabad, Delhi, and other cities reveal unchecked urban sprawl, worsening traffic, pollution, and declining quality of life. Residents flee cities for clean air and open spaces at every opportunity. How did we get here? The Illusion of Globalization We’ve been conditioned by hegemony—subtle domination—to believe cities worldwide must mirror western models to drive wealth. But western-style consumption has led to climate crises, pollution, and unsustainable urban deficits. New York City, for instance, spends $300 Million to $1.3 Billion daily to function but generates only $277 Million in revenue. Do we have to repeat this mistake? The Solution? Go Local! Here’s how: Wear Local Clothing Western Business Suits increase AC demand. Japan’s Cool-Biz Campaign (2005) promoted summer casuals & raised AC settings to 28°C. leading to saving millions of tons of CO2. Why can’t we? Revive Ceiling Fans  Our National Building Code shows ceiling fans enhance comfort even at 34°C. At 10% energy of ACs + downsized ACs, you save on the project’s capital & operational costs. Question AC Dependency ACs add to *heat – up to 70⁰C adding to urban heat. Recall how reduced AC usage during Covid-19 cooled our cities? With intelligent A/C sizing + considering basic passive design features, we helped a developer in Pune save Rs 15 to 40 per sq ft in capital costs alone! Eat Seasonal, Local Food Foreign foods need refrigeration at every stage adding to high energy consumption! As nutritionist Rujuta Divekar emphasizes, seasonal foods align with our metabolism, boost immunity, and reduce carbon footprints. And hey, they also lower the need for for ACs as well! Yes, eating and drinking local stuff in summer can keep things cool naturally- including our bodies. Leveraging our resistance to Heat Indians tolerate heat better than cold. Raising AC temperatures to 28–30°C reduces peak loads and project costs. Combed with ceiling fans, right clothes and local food, we’ve the right recipe to battle climate change! Design for Local Climates  Avoid Western thumb-rules. Passive strategies such as proper orientation, optimal window to wall ratios, good shading, lighter colors, etc. lower cooling needs and costs. Embrace Natural Ventilation A recent TED talk by Jessica Green mentioned that AC environments have the same Air Microbial Landscapes (AML) as human skin and spit whereas naturally ventilated spaces have the same as the bacteria in our gut- a healthier alternative to remain disease free. Ensuring natural ventilation in our properties can ensure long-term benefits for our occupants. Optimize Water Systems At 310 LPCD, the per person water consumption in the US dwarfs India’s 135 LPCD. Green norms shrink this further to 75 LPCD. That said, has your green consultant recommended lower overhead storage tanks, pumps, pipe cross sections, and STPs on such reduced calculations? This is a sure recipe to lower capital costs. Reject Dark-Colored Buildings Dark facades in the Indian context absorb heat, increasing cooling demands. Stop aping blindly and go for light colors that reflect heat and reduce aircon needs. Plant Native Trees  Peepal, Neem, Bargad, Bel, etc. are trees gifted by nature & offer cooling that equals 100+ tons of refrigeration. Palms on the other hand, though low-maintenance, disrupt biodiversity. Which do you think is better? The Big Question As Dr. Sunita Purushottam (Mahindra Lifespace) asked: Is real estate’s future at risk due to its environmental and social impacts? Urban investments may decline as air, water, and health deteriorate. The solution? Embrace local wisdom before it’s too late. Ar. Gaurav Shorey Founder Member -Swaraj (NGO), Director – Psi Energy Pvt. Ltd., ECBC Master Trainer, Founder Member – GRIHA, Visiting Faculty – SPA, New Delhi. [email protected]

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Beyond Bricks: Women’s Leadership Initiative: Redefining Leadership in Indian Real Estate

Pioneering Transparency and Ethics in Real Estate In an industry traditionally dominated by men, Ms. Alpana Sanjay Agarwal stands as a trailblazer, redefining leadership through transparency, ethical practices, and innovative strategies. As chairperson of the women’s wing of NAR-India , honorary secretary Rajasthan Realtors Association and a key member of the RERA Rajasthan conciliation committee, she plays a pivotal role in shaping policies that promote fairness and professionalism in the Indian real estate sector. Her commitment to driving positive change has earned her a well-deserved reputation as a transformative leader. Jaipur Dream Realtors: A Legacy of Trust and Excellence Founded by her husband Mr. Sanjay Agarwal, Jaipur Dream Realtors Pvt. Ltd. has grown into one of Rajasthan’s most trusted real estate firms, with a strong presence across India. Today, under the capable leadership of Ms. Alpana Sanjay Agarwal and their son, Mr. Sanyam Agarwal, the company continues to thrive, offering expert advisory, investment solutions, and property management services. Renowned for its integrity and customer-centric approach, Jaipur Dream Realtors specializes in both commercial and residential real estate, helping clients make informed and profitable property decisions. Their dedication to ethical business practices has solidified the firm’s reputation as a beacon of trust in the industry. Expanding Horizons with Terrayo Ms. Agarwal’s influence extends beyond Jaipur Dream Realtors. As the Director of Terrayo, she is steering the company toward becoming one of India’s leading commercial real estate advisory firms. With a focus on strategic growth and innovation, she aims to position Terrayo at the forefront of India’s evolving real estate landscape, offering expert solutions for large-scale commercial projects. A Visionary Beyond Business Ms. Alpana Sanjay Agarwal’s accomplishments are not limited to business alone. With a Bachelor’s in Science, a Master’s in Arts, and a B.Ed. from Rajasthan University, she combines academic excellence with practical expertise. Her diverse interests in philanthropy, travel, art, and interior design bring a creative and compassionate touch to her professional endeavors. She believes that real estate is not merely about transactions—it is about creating meaningful, sustainable, and inspiring spaces. Building a Lasting Legacy Ms. Alpana Sanjay Agarwal’s journey is a testament to resilience, vision, and impactful leadership. By carrying forward the legacy of her late husband, Mr. Sanjay Agarwal, and guiding Jaipur Dream Realtors alongside her son, Mr. Sanyam Agarwal, she is shaping the future of Indian real estate. Her unwavering dedication, ethical principles, and innovative mindset ensure that she is not just building properties she is building a lasting legacy that will continue to inspire generations to come. Alpana Sanjay Agarwal Founder, JAIPUR DREAM REALTORS PVT.LTD. [email protected]

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Myths and Facts

About Real Estate Channel Partners Myth: Buying a property through a channel partner is more expensive. Fact: Channel partners are part of the builder’s sales strategy. Their fees are included in the developer’s marketing expenses, ensuring there’s no additional cost to the buyer. Myth: Online platforms and Google eliminate the need for real estate agents. Fact: While technology is useful, it cannot replace the personalized service and expertise offered by channel partners. They provide tailored advice based on factors like location preferences, budget flexibility, possession timelines, and family needs—something no website can fully replicate. Myth: Channel partners don’t play a significant role in property transactions. Fact: Channel partners drive a major share of real estate sales. In cities like Pune, 70% of transactions come through channel partners. Leading developers like VTP, VJ, Lodha, and Godrej rely heavily on channel partners for their sales success. Myth: Buyers must pay brokerage when purchasing new properties through channel partners. Fact: Channel partners do not charge buyers any fees for new property purchases. They earn commissions directly from the builder as part of the builder’s sales process. Myth: Anyone can become a broker or channel partner without training or qualifications. Fact: There is a clear distinction between unregistered brokers and professional channel partners. Channel partners must be RERA-registered and often come with professional experience in banking, insurance, or sales. Many also undergo formal training to provide exceptional service. Myth: Channel partners are only focused on selling properties. Fact: Channel partners offer comprehensive support, including helping with legal documentation, loan assistance, and post-sales services, making the home-buying process smoother for buyers. Myth: Builders don’t trust channel partners. Fact: Developers view channel partners as key stakeholders who help drive targeted sales, expand market reach, and enhance customer relationships through their expertise. Ravi Varma Chairman NAR INDIA About Builders and Developers Myth: Developers always delay project delivery. Fact: Delays are often caused by external factors like local authority government approval/NOCs, policy changes, or sometime supply chain issues. Reputed developers with RERA-registered projects adhere to strict delivery timelines, ensuring accountability and trust. Myth: Builders compromise on construction quality to cut costs. Fact: Respected developers use modern construction technologies, certified materials, and quality audits to ensure durable and safe structures. Transparency in construction processes has increased significantly due to RERA regulations. Myth: Builders inflate property prices to maximize profits. Fact: Property pricing reflects land costs, raw materials, labor, approvals, and amenities. Developers often work on competitive margins to attract buyers, especially in today’s price-sensitive market. Myth: Developers provide false promises and misleading project details. Fact: Under RERA, developers are required to disclose accurate project details, including carpet area, amenities, and delivery timelines. Non-compliance can lead to penalties, ensuring greater transparency for buyers. Myth: New projects have hidden costs that developers don’t disclose upfront. Fact: Transparent developers clearly outline all costs in the agreement and payment schedule. Buyers are advised to check RERA registrations and verify documents for clarity. Myth: Buying from a builder directly is better than going through a channel partner. Fact: Developers and channel partners work hand-in-hand to ensure buyers get the best deals, offers, and services. Channel partners also add value by offering personalized guidance throughout the process. Myth: Only big-name developers deliver quality projects. Fact: Several regional developers deliver high-quality projects while focusing on customer satisfaction. The key is to check their track record, RERA registration, and customer reviews before investing. Shantilal Kataria MD, Aditya Builders

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