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Realty NXT Does a Survey On Why People Feel Scared to Buy Homes

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Realty NXT Does a Survey On Why People Feel Scared to Buy Homes

Fear of home buying is a living nightmare! And we at Realty NXT can say this with confidence, thanks to our little survey. We decided to ask home buyers what worries them the most and what we heard was nothing less than a surprise and quite intriguing. From the most common fear of location to finding and putting together little details about your home loans, EMI, Rate of interest; the list is endless, the fear is real! It was interesting to find that a lot of people kept postponing their plans to buy a home because they couldn’t face this fear. There was frustration, evident helplessness and also anger in some cases. Reason? The fear of buying a new home and the entire process that seems like a herculean task. Which builder to trust? What is their creditability? Do they keep their promises? Now, even we are intrigued and are wondering if there is an answer to these common fears after all. Is there a solution that not only takes away these fears but also provides solutions that aren’t too complicated? We don’t know that for now. But watch on to know how some of these home buyers feel. We certainly empathize with them!

Fear 1 – Costing and Finances

Is it okay to trust the builder? Investing in a home means parting with your hard earned money, will it be a justified move? What if there is some legal dispute on the home that you are not aware of?
Can middle class family afford a luxury home and plan an upgraded lifestyle without being extravagant? It just keep getting intense! Watch the home buyer talk about his fear of costing and finances while buying a home!

Fear 2 – Delivery and Possession

What if the possession gets delayed? Who bears the extra cost? What are the available options and regulations that will give assurance of a timely possession? For how long is the developer responsible for the property after buying a home? The fears are not only until you buy a home but they might go on daunting you until much later after that too!

Fear 3 – Permission and Other Legalities

Imagine buying a new home and finding out that it is built on an illegal land? What if there is some dispute going on? Where and who will get the required registrations, stamps, permissions and other assorted legalities involved? It can be a nightmare!

Fear 4 – Surrounding and Locality

The worst thing than finding out your home is in dispute will be finding out that the locality is not what you had thought about. More often than not, developers promise a future development of localities which are under development for generations. Is your home in one such locality? Is the area safe for everyone? Do the Children have amenities in and around your home? Buying a home is not just about overcoming one fear but a Pandora’s box that needs to be opened and resolved!

Fear 5 – Location & Connectivity

Where to buy the house? Whether to buy a house near office or buy a place away from office. If you buy a house near your office then it will be too expensive. If you buy a house at a cheaper price away from your office then you spend your energy and money in travelling. Whether to opt for Ready-to-move home or invest in under construction homes? Will the ready property cost a fortune and burn a big hole in your pocket?  It doesn’t just end here!

 

 

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27 Comments

27 Comments

  1. Vivek

    March 20, 2017 at 12:02 pm

    Ha ha ha this guy is Funny. Finally someone spoke his mind out about the tiring home buying experience. Way to go

  2. Rashi

    March 20, 2017 at 12:04 pm

    The last guy, Aakash! He looks hilarious! Can’t help thanking my parents to have brought a house on time! 😀

  3. Ramesh

    March 20, 2017 at 12:38 pm

    Many buyers worry that the ‘perfect’ property is just around the corner and they will miss out if they buy now.

  4. Godwin

    March 20, 2017 at 12:40 pm

    i can relate to this. even i faced lot of trouble while buying a new home.

  5. Sandro

    March 20, 2017 at 12:40 pm

    About time someone came with ‘Real Estate Ka Punchnama’. 😛
    Please do more survey like this

  6. meera

    March 20, 2017 at 12:43 pm

    Some people feel that selling agents are not very transparent and worry that they will get tricked or blindsided in the process

  7. Sumit

    March 20, 2017 at 12:49 pm

    Its been 3 months. since i decided to purchase a house and i still havent closed because of non transparency from the brokers. I’m having buyers remorse before I even buy a house.

  8. Umang Raj

    March 20, 2017 at 1:20 pm

    Really loving this post. Very funny but true.

  9. bhavya

    March 20, 2017 at 2:32 pm

    Hahaha…The last guy seems to be really frustrated..

  10. Adarsh

    March 20, 2017 at 5:28 pm

    Finally someone came forward with a burning topic. Great job!

  11. Sumit

    March 20, 2017 at 5:30 pm

    Awesome story, loved it

  12. Shashank

    March 20, 2017 at 5:31 pm

    I faced a lot of trouble when I realized I purchased an illegal property. I am still going though a court trial in order to get my money back. I hope no one else go through the same trouble. This survey will definitely help other.

  13. Mohsin

    March 20, 2017 at 5:32 pm

    Last one was the best.

  14. Neha

    March 20, 2017 at 5:33 pm

    Hope this opens the eyes of people who are looking to buy a property in Mumbai who are not aware of the ill practices.

  15. Abhay

    March 20, 2017 at 5:34 pm

    The govt. should take necessary steps against builders.

  16. Aditya

    March 20, 2017 at 5:35 pm

    For me location is the most important factor.

  17. Rehman

    March 20, 2017 at 5:35 pm

    Rightly said ‘Mumbai mein ghar kharidna, jung jitne jaisa hota hain” #Gharkadarr

  18. Tushar

    March 20, 2017 at 5:37 pm

    Team Realty NXT, amazing job.

  19. Vaibhav

    March 20, 2017 at 5:40 pm

    Adnan sami 🙂

  20. Avinash

    March 20, 2017 at 5:41 pm

    Akash nailed it. Can’t stop laughing.

  21. Harsh

    March 20, 2017 at 5:42 pm

    You should interview more number of people.

  22. Francis

    March 20, 2017 at 5:47 pm

    I am still awaiting possession of my flat. I was supposed to have possession in 2015 but still date I haven’t received possession. I’m sure lot of other people also face the same issue.

  23. Shantanu

    March 20, 2017 at 5:49 pm

    It’s very hard for middle class people to find home within their budget.

  24. Avinash

    March 20, 2017 at 5:50 pm

    Timely possession is a myth in India.

  25. Robin

    March 20, 2017 at 5:51 pm

    “Sir aap to Hrithik Roshan ho” the guy was hilarious

  26. Riya

    March 20, 2017 at 5:52 pm

    Property rates are sky rocketing these days

  27. Mihir

    March 20, 2017 at 5:53 pm

    The biggest challenge is getting the finance. I took me almost 6 months to get my finance done. The interest was too high but I had no other option.

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Residential

Nagpur One Of The Big Potential Cities For Affordable Housing

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Nagpur One Of The Big Potential Cities For Affordable Housing

According to a report released by CREDAI Nagpur is among 45 potential cities that are projected to drive the demand for affordable housing. The ‘Dawn of India’s Future Cities’ report was released at the two-day New India Summit organized by CREDAI in the city.

As per the press release issued by CREDAI, Lucknow, Jaipur, Kochi, Bhopal, and Ahmedabad are some of the other main cities included in the list of 45 cities. The New India Summit will focus on the opportunities in Tier II and III cities of India.

As per the release, “Driven by investments in infrastructure, affordable housing, skilled workforces, these cities can potentially see accelerated growth in the manufacturing, tourism and warehousing sectors, and emerge as India’s new megacities”.

The release further added that the study based its findings on key parameters such as socio-economic momentum, enhanced connectivity infrastructure and high-value indicators. With a sharp-focus on real estate, it identified areas of opportunities for developers while reiterating the impact of regulatory changes on the sector.

The study suggested that the country needs new cities to augment its growth. Initiatives such as ‘100 Smart Cities’ and the Urban Rejuvenation Scheme — AMRUT— will provide emerging cities with a blueprint for becoming the next flagbearers of development in India.

“India’s demographic capabilities bring a huge opportunity to match the world’s economic superpowers. This opportunity also brings with it challenges such as developing new urban centres,” said Jaxay Shah, CREDAI’s national president.

Geetamber Anand, CREDAI’s chairman added, “The Nagpur summit will help builders gauge the opportunities in smaller centres. The Tier I cities are already overcrowded There is a clear need for new cities to be developed as the growth engines of the country”.

Union Surface Transport Minister Nitin Gadkari also addressed the meet through video conferencing.

Also Read: Pune Smart City Targets Rs 100 Crore Grant From World Bank

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Badlapur – The Right Investment Zone

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Badlapur – The Right Investment Zone

Part of the district of Thane, Badlapur is one of the fastest growing areas in the MMR. Mumbai is one of the costliest cities to invest in while neighbouring areas like Thane, Badlapur, Kalyan, Navi Mumbai and others have become attractive destinations to invest in.

Badlapur constitutes of 4 small villages, i.e. Katrap, Kulgaon, Badlapur and Manjarli. There are several reasons why Badlapur is becoming the preferred choice and the most recommended option when it comes to investments and properties.

Nature lovers prefer coming to Badlapur for its scenic beauty around itself with greenery, waterfalls, hilly regions, etc. Badlapur is also a popular weekend getaway and picnic spot for the people of Mumbai. With quiet and peaceful surroundings and comparatively cooler temperatures, there is no second guess as to why the people also love to settle here.

Its proximity to Mumbai gives the people another reason to settle within Badlapur permanently. With flawless connectivity in terms of both roadways and railways, the commute is quick and smooth. The Badlapur road is connected to Thane from one side along with the Mumbai Pune Expressway at another side. The Neral-Badlapur road will trigger an exclusive transit system between Kalyan and Karjat. Some of the roadways are under development, the gateway to Khopoli being an example.

The town is divided into the Eastern and Western region as the railway line runs in between it. The nearest railway station of Kalyan serves as a junction, connecting it to many major cities across India. Badlapur lies along the central line of Mumbai suburban railways. Stations like Thane and Dadar are located within a 40 kms radius from Badlapur station.  

Badlapur is about 50 kms away from the international airport and about 30 kms away from the Proposed Navi Mumbai airport. Badlapur East has excellent connectivity through NT buses as well. The smooth connectivity has played an important role in the elevating Badlapur’s real estate scenario. The Monorail has been proposed by the RDA authorities that will connect from Badlapur to Bhiwandi and Thane or Kalyan to Badlapur.

Badlapur has a well developed social infrastructure. Reputed schools and round the clock medical facilities make the town a preferred choice. It is one of the best locations that meets the criterions of a budget, proving the perfect locality, basic amenities and an evergreen environment. People are also moving to Badlapur for employment opportunities as it is home to all types of companies and banks.

Badlapur has huge land parcels and a steady pipeline of projects. Both East and West Badlapur offers affordable home options as well as properties that are well planned and well designed. With the transformation of the skyline of the town, it is sure to give opportunities for better returns in future.

One of the plush club residencies present within Badlapur is offered by Tulsi Estates. Tulsi Signature offers 2, 3, and 4BHK quality homes and has only 112 limited edition club residences. It offers a community and a lifestyle that is chic and sophisticated, yet ultimately secure and comfortable. You will find yourself part of a nurturing community; a private paradise that you will be happy to reside in. The architecture is grand and every minute detail has been taken care of. Tulsi Signature defines your taste and style in its finest masterpiece.

Also Read: Tata Value Homes Launches “Offer Of The Century” With 99 Hours Flash Sale on Affordable Homes

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NTR Housing Scheme In Full Swing: Chief Minister N. Chandrababu Naidu

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NTR Housing Scheme In Full Swing: Chief Minister N. Chandrababu Naidu

On Thursday, Andhra Pradesh Chief Minister N. Chandrababu Naidu said with the estimated expense of Rs. 5,556.74 crore, the construction of more than 2,44,164 houses, out of the proposed 3,03,044, has been commenced under the NTR Housing Scheme 2017.

While addressing the second day of the Collectors’ Conference he also said the construction of the remaining houses will begin soon. He mentioned that Prakasam and the Kurnool districts are ahead of the schedule in the urban housing scheme. Also, the works are in full swing in the Nellore and the Guntur districts under the rural housing scheme.

According to Naidu, the government will complete 2.5 lakh houses by January next year and another lot of two lakh houses by June.

By October 2, 2018, the state government intends to finish the construction of all the houses and plans to celebrate with massive house warming ceremony with local public representatives. This will help them set an example for housing schemes in other states.

Also Read: Raunak Group Presents Apna Pehla Ghar Campaign

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