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More Pioneering Projects needed for Indias Real
Estate Market
?November 4, 2016 ?Real Estate ?Indian real
estate market, real estate business in india,
real estate investment in india, real estate
market in india ?Srishti Chandola
One advantage of the slowdown in the real estate
sector is that it supports to separate the
reputed and renowned or the top-notch developers
from the mediocre ones. Often, it is seen that
the developers who set the standards for their
construction quality, as well as reliability, can
endure tough market situations and carry on with
delivering the projects as per the expectations
of the buyers. Benchmarks are set i.e.,
measuring the standards for ROI in the monetary
terms especially when better places and spaces
are created for people and communities. There are
numerous spaces that reduce the impact on the
environment, set high corporate governance
standards and improve social practices. The
first step to set a benchmark is to do the things
in a way that makes the business sense and
reward the innovation. Established and reputed
brands in Indian real estate market agree that
the correct benchmarking improves the long-term
engagement with the customers. Winning the trust
of the customers and meeting their expectations
are very important. Reputed developers have set a
benchmark in the real estate industry so that
other developers or companies can perform as per
those standards. There are numerous ways
in which these leading developers have set
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benchmarks. This include Supporting
architecture and innovative design Pioneering the
financial support to customers with help of the
financial institutions and banks Promoting new
engineering techniques Upgrading systems that are
being used as per the global standards Adopting
or developing modern technologies that fasten the
process of construction Why is benchmarking
important? The experts explain that setting up a
benchmark, of course, plays a vital role in the
real estate industry in certain following
ways Ensuring that the buyer gets timely
delivery of the unit Finding the apt
location Deliver the value-added services through
budget implications, interiors, various scheme
plans, after-sales services, maintenance
etc. Developing well-informed marketing strategies
that create awareness among the
customers Helping the buyers by making an
informed buying decision Creating a township
that is in line with the global
standards Prospect of Growth Lately, the real
estate market is also setting up new benchmarks
in direct selling field. Numerous companies are
entering into an alliance or a joint venture
with the international organizations to
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set new standards and attracting the end-users.
The real estate organizations must always commit
themselves to the timely delivery of the
residential units to the buyers, gaining their
trust and developing various residential
projects. From affordable to luxury to
theme-based homes, every buyer has its own taste
and need which are to be fulfilled by the
customers. Also, in terms of connectivity, green
living, infrastructure and amenities setting new
benchmarks will definitely give the much-needed
boost to the entire real estate segment. As per
the real estate experts, a benchmark set by
numerous organizations across India through
innovation and research, mainly focus on timely
delivery and quality to the customers. It has
been observed that the organizations those set
the benchmarks also provide the most accurate
price on the information, an area of the
apartment, the location of the project and of
course its amenities which adds to the value of
the needs of the customers.
? Why is it Difficult for Indian Real Estate to
Adopt Technology?
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