Analyze Customer Reviews of Realtors before Investing In Property

Customer is king for a business organization. They are key assets for the company future and growth. Any business organization takes primary efforts to satisfy its customers from all angles. One common thing for these days business is expectation levels of individual customers are different. Sometimes they are not happy with the customer services of the company. There are lots of facts to be taken before analyzing customers’ bad reviews on company services.

On the other hand cyber crime is increasing exponentially due to liberal internet facilities available to the people. Many people give bad reviews/ feedback on the company services without any evidence. Sometimes competitors in the niche business engage in these illegal activities. The final results of indulging in these activities are loss of reputation of the companies and business. At the end customers are deprive of getting better services by many good companies.

Often potential home buyers misled by these bad reviews. But they should also be aware of good reviews by customers which are in the text and video format. They should not worry about the company authenticity and business activities by reading bad reviews.

Confederation of Real Estate Developers Association of India (CREDAI)

Real estate is one of the booming industries in the Indian economy for future business. With this opportunity the numbers of realtors are increasing across many cities of the country. It requires effective rules and regulations to maintain the standard of real estate services to the people. Confederation of Real Estate Developers Association of India (CREDAI) is one of the well known chambers of the Indian business sector.

Any discussion involving the country wide real estate geography, along with the regulations and policies governing the sector, the name that goes undoubtedly mentionable is CREDAI. Established with the objective of disseminating authentic details on the prevalent trends in the real estate domain across the country, CREDAI’s primary principle focused on creating an organized and progressive real estate industry, thus scripting an ethical code of conduct to be mandatorily followed by all the 3500 organized builders and developers from 18 states in the country.

Property Floor

Adopting the vision of Pratibha Patil’s ‘slum free India’, CREDAI has been actively involved in roles of uniting real estate developers on a common platform facilitating the stakeholder interactions that encounter government bodies, professionals and consultants. The organization of support functions like workshops, events and grievance redressed to consumers, reflects CREDAI’s dedication towards the improvement of the image of real estate consultants or agencies in the eyes of its stakeholders.

CREDAI renders services like raising relevant issues in government and non-government forums, suggesting alteration of policy and providing the developers a unified front. In addition, CREDAI also helps members obtain expert advice on specific topics. Proactive policies and rules ensure the maintenance of forum integrity, further strengthened by development of innovative construction techniques, sharing of statistical data, campaigning the interests of construction workers and their education. Since its inception, CREDAI has marched ahead creating as well as milestones in the field of Environmental Impact Assessment, Service Tax on Commercial Rentals, Special Residential Zones, Urban Land Ceiling, Stamp Duty Rationalizing, Real Estate Financing. The two actively performing units namely CREDAI Bengal and CREDAI NCR act strategically as the pillars in Indian Real Estate industry.

A Brief Summary on Statistics of Property Prices in India

Modernization has attracted many young Indians to spend their life in the metro cities like Bangalore, Mumbai, Pune, New Delhi and Hyderabad etc. Due to this, the rate of urbanization has increased in the country since last few years. Here is a brief overview of real estate statistics in few of the Indian cities, as specified by National Housing Bank, analyzing the percentage of variation in the asset price list over the second quarters of 2011 to 2012. The current scenario traces back to India’s great housing boom to 2002 to 2007, supported by strong economy, urbanization encouraging price hikes, inadequate infrastructure, low interest rates, lack of planning and antiquated land use laws. Towards the end of Q2 2012, house prices hiked by 17.01%, 8.84%, 33.33% in places New Delhi, Mumbai and Pune. On the other hand, Kochi, Bhopal, Hyderabad, Patna, Surat and Faridabad witnessed dips in prices. In addition to this, improper legal framework for foreclosures, rampant titling problems and limited financing options encouraged by banks towards the low-income individuals have contributed to India’s small mortgage market.

Amongst all these variables fluctuating in the scenario, International Monetary Fund (IMF) concluded about the uncertainty of the outlook. The International Monetary Fund (IMF) revised its GDP (Gross Domestic Product) growth prediction for India this year to 4.9% from 6.1%. Similarly, the World Bank has also reduced its India growth estimation to 6% in 2012 from an earlier estimation of 6.9%. On other side, the RBI (Reserve Bank of India) expects the Indian economy to grow by 6.5% this fiscal year. However, economic policy revamp and inflation and continuing hikes in interest rates still continue to make the real estate pricing status dwindling.