It has been reported in the report of Anadarko real estate market Property Consultants that 7 major cities saw 73,930 units launched by the brand players; 65,550 units of unmarked players in the first half of 2019 Before the RERA in the first half of 2016, unbranded developers dominated by 60:40.
However, since the first half of 2017, the proportion of new releases of brand players increased steadily; Night flight operators left, small players were integrated with big brands.
After remonstrations and RERA, Brand Developers dominate the Real Estate market with 53% of new homes supply in the first half of 2019.
And by purchasing an affordable housing property, the quality of the product was placed in the first place.
Major parameters after the mark. These are the results of two separate reports that were published by two international property consultants today.
It has been reported in the report of Anadarko Property Consultants that 7 major cities saw 73,930 units launched by the brand players; 65,550 units of unmarked players in the first half of 2019 Before real estate market the monarchy and RERA in the first half of 2016, unbranded developers dominated by 60:40.
However, since the first half of 2017, the proportion of new releases of brand players increased steadily; Night flight operators left, small players were integrated with big brands.
At the same time, a report by Knight Frank in collaboration with the Royal Institute of Chartered Surveyor (RICS) states that when purchasing affordable housing the quality of the product was classified as the first major parameter to be followed by the brand.
It is further reported in the Night Frank report that 80% of the homeowners consider the cost to be the main consideration while buying a home, after which 71% of the securities spend for the bilayers. 52% of the homeboys identified the parking space as a significant difference in their current accommodations in terms of their needs, after which adequate safety, playground, and public transport availability are accounted for 43%.
Santosh Kumar, Vice President of ANAROCK Property Consultants says that “An integral part of the process of aging for Indian residential real estate is the growth of brand developers who are overtaking their unmarked competition in the general house launch. The reforms led by the RERA have driven this movement. “
ANAROCK research indicates that total new supply in the first half of 2019: approx. 1.39,480 units in 7 major cities: 53% (73,930 units) were started by brand developers and 47% by unbranded institutions.
In the first half of 2018, the brand developers’ involvement was 52% and during the first half of 2016, before the demo and REA, the developers had 60% share (approximately 95,600 units) without the brand. 1.59,090 new launches in the top 7 cities. The brand is responsible for 63,490 units (40%) of the total supply during the developers’ period.
NIMISH GUPTA FRICS, Managing Director, South Asia – RICS said: “Housing is one of the most basic demands that affect the quality of life.
Access to the status of acceptance is a primary human need, which affects people at many levels because it provides shelter, security and for most of us, it represents the most important investment during our lifetime.
There are considerable possibilities in the affordable housing section, which have not yet been fully investigated. It will definitely perform better when affordable housing projects are successfully executed, serving customers’ needs in terms of safety and lifestyle features, on the ground and the energy is focused on distributing them. Within costs and proposed conditions. “
Shishir Baijal, president and chief executive officer of Knight Frank India, said: “The affordable housing customers are very aware and because they usually buy a home once in their life, therefore, attention is more on the reliability of the developers.
Today, when most stakeholders in the real estate sector come to affordable housing, then they should understand their consumers before turning their ideas into reality. It clearly explains why some affordable housing developers who keep the customer’s preferences at the forefront are successful in this area, while most others are not. “
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