Is the Indian real estate sector the right place to make a serious career in now? Compared to more developed countries, the Indian real estate sector still lacks sophistication and transparency. However, it continues to be in the limelight of domestic and international investments. This has naturally brought on the need for better, more capable human resources.
One can also ask the broker about his networks by enquiring about all the areas where he practices. A qualified broker will be able to tap a wide network of other brokers, builders and individuals in a short time. One should check with the broker if he is an authorized agent for any developer.
Identifying a good and reliable broker is the first step in your entry into the property market. However, there are no defined policy guidelines in this highly disorganized business and Track2Realty suggests that one has to be careful judging the intent and credentials of the broker with certain tangible and intangible parameters.
Any residential property, even with all legal safeguards are apparently in place, is ultimately built on land. One cannot automatically assume that this land did not have previous owners.
India’s real estate industry has always been beset by risk, and many unwary buyers and investors have burned their fingers on it.
Sample flats are indicative only – they basically serve the purpose of giving the intending purchaser a sense of space and dimension.
Property management as a subject of specialized study has hardly been discussed in India. While the industry gropes with the huge manpower shortage in almost all functional areas of real estate including property sales, marketing & brokerage, expertise is hardly available in the industry.
In the year 2007 Preeti Banerjee bought a house in Royal Legacy, Vasundhara, Ghaziabad with the obvious high expectations of moving into a hassle free living. However, the dreams were soon shattered and she was exposed to the agony of an average middle class home buyer, often left alone at the mercy of the builders.
Future of urban living needs to reinvent-I
Realty sector not amused with Track2Realty survey findings suggesting Indians find new launches risky-I
No specific instance of terror funds into realty sector: Govt
Reality of slum free realty-III
Bandra Kurla Complex – past, present and future
Will CREDAI, Fire Department MoU work?