Real Estate in India has undergone a transition in the past couple of years. The industry has witnessed a conducive combination of technology and innovative marketing strategies, bringing about a new wave of efficiency. With real estate developers realizing the crucial role of brands in building customer confidence, the year 2021 is anticipated to bring more professionalism and timely delivery of projects in the top cities of the country. Several real estate companies are coming forward with a number of deliveries this year, and with so many real estate companies selling out several projects at the same time, the choice of selecting the right real estate developer becomes difficult.
Advantages of Reputed Real Estate Developers
Investing in real estate property is a big decision, involving higher stakes. This is why you should buy property from a trusted real estate developer. We have put together a curated list of advantages you can benefit from while purchasing a property developed from reputed real estate developers. Let’s take a closer look:
Good quality of construction is an asset
Nobody wants to comprise a home at the cost of their lives. A well-constructed building with long-lasting strength and quality builds the main components of a construction, therefore, the most important factor in a home is its quality of construction. One of the biggest advantages of reputed real estate developers is the assurance of good construction quality for their projects. Just like the human body’s health needs to be diagnosed from its interior structure, the health of the construction should be diagnosed before purchase, because if the construction is poor, even a new building can collapse.
As a homebuyer, your first task should include examining the quality of construction of your new home. Thorough research and making comparisons between real estate companies will help you make a wise decision.
Timely delivery of projects makes for a great selling point
Timely delivery of homes marks the essence of real estate companies. With several developers fighting irate customers in the courts of law, delivery of homes on time is no longer a matter of choice, but has been successfully incorporated in Government’s housing acts such as RERA and HIRA (applicable for real estate kolkata). The introduction of stringent regulatory norms has brought discipline and organization in Indian real estate. Furthermore, they justify the authenticity of the developer.
Under RERA, home buyers also need to ensure timely payments, and developers cannot hold the possession of the property after the initial loan installment is paid. Abiding by this agreement between the buyer and the builder, developers are obligated to deliver, in terms of built-up area or carpet area. Furthermore, HIRA and RERA help in maintaining transparency between the buyer and the developer, thus ensuring that you have landed in safe hands.
Incorporated on 02 August 1988, PS Group Realty Private Limited is a Private Non-govt company, registered at Registrar of Companies, Kolkata. Regarded as one of the most trusted and top real estate companies in Kolkata, PS Group offers several RERA registered properties across Kolkata.
Easy sanction of loans is a good redeeming feature
Your chances of getting a bank loan become easier when you invest in real estate properties from reputed real estate developers. Established real estate companies have earned a name and built a certain amount of trust in the market, therefore investing in their properties, ensures ease of loan approval. Furthermore, trusted developers sometimes also have tie-ups with banks. This set-up also opens up the opportunity to get attractive interest rates from the bank.
The perks of state-of the-art amenities
With fierce competition in the market among real estate developers, catering to consumer’s high-end expectations in terms of amenities has become an important asset and differentiator. To keep up with the pulse of homebuyers, developers are offering a plethora of amenities for the good value of consumers’ money. On the other hand, the choice of amenities also impacts the asking rates, employee retention, and patient outcomes. Furthermore, it has also become a crucial marketing strategy to build a loyal customer-base and a strong referral system.
To maintain brand value, real estate developers in kolkata are offering ultra-luxury residential homes with high-end amenities such as sustainable quality of construction, the social profile of neighborhood, geographic locality, ergonomic designs, state-of-the-art fittings for kitchens and washrooms, including tiles and other flooring material.
PS Group is one of the premier real estate companies for luxury apartments in kolkata. Housing projects by PS Group offer an array of modern amenities for the health and well-being of its strong consumer base— from sustainable, green features such as water bodies for rainwater harvesting, wastewater treatment, cycle-friendly infrastructure, solar power, and e-mobility, to meditation gardens, extra-large balconies, exclusive garden homes, and other such seamless leisure, luxuries, and athleisure amenities.
Possibility of getting higher ROI is an added advantage
While investing in a property from a reputed real estate developer, be assured to get a good bargain on the Return on Investment (ROI). Real estate is a preferred choice of investment for many in India and if you have purchased the property intending to resell it in the future, then the real estate brand of the property will greatly impact its market value.
Furthermore, a good real estate brand can also fetch you higher and premium rental yields. Furthermore, renowned developers usually have properties in high-end residential areas of the city, thus ensuring good connectivity and security in terms of market volatility. Therefore, higher ROI through good reputed real estate companies is synonymous in real estate in India.
Knowledge and experience of the developer is a boon
More the experience, more the efficiency of the developer. Reputed real estate developers hold a record of consistent experience and performance. This speaks a lot about the builder’s service, quality, success rate, and knowledge about the industry. Furthermore, trusted developers have no dearth of referrals and testimonials— the most reliable receipt. The greater the number of happy customers, the more trustworthy and reliable is the builder. Testimonials also help to gauge the quality of material used, occupation services, and adherence to the time schedule of projects.
Security is the biggest prerequisite
Most of the new and upcoming housing projects are flanked by top-end security amenities and CCTV surveillance, thus restricting entry points for intruders. Reputed real estate developers will offer a better choice of safety features. Besides, with established developers, you may also benefit from in-built smart home security features with motion sensors, door and window sensors which is a one-time investment to security.
Digitally attuned developers and ease of buying is a stroke of luck
Digital marketing is a smart strategic tool and extremely beneficial for the real estate industry, especially in the light of COVID-19, when creating social distancing has taken centre stage. With consumers spending more time online, reputed real estate developers are incorporating the latest new-age digital tools to attract potential consumers. This trend plays greatly in the favour of homebuyers, as Virtual Reality, drone tours, and 3D images can give you high-quality pictures and videos. Virtual video tours with developers can further help you in making informed decisions about property purchase.
By employing new-age digital tools, developers are offering personalized and customized offerings to consumers, through which homebuyers can add multiple filters in search-listings.
Factors to evaluate the best Real Estate Developers
With fierce competition in real estate India, how do you choose a reliable builder? After all, the builder is going to be responsible for your dream home. Below are some key indicators that help the best competitors to stand out:
- Don’t hesitate to interview your top 2-3 choices.
- Meet your builder face-to-face, this will give you a lot of transparency about the developer’s communication style and personality.
- Make site visits, this gives you insights into the quality of construction and finished homes.
- Get hands-on information about safety measures and knowledge of the builder.
- Make a thorough research of licenses and certifications required for builders and make sure the builder you choose is reliable.
- Make sure to find out the number of homes built, completed, and occupied. The number of ongoing projects is a direct reflection of reliability, quality, and scale of operation.
- Check referrals and testimonials of the developers to help you choose the best.
The concept of branded realty is picking up pace within real estate India. Real estate companies in India are incorporating cohesive branding strategies to build brand identity, and the value proposition of properties, among others. Furthermore, efficient marketing and branding strategies are helping developers to reach suitable homebuyers in the right location and from the right income segment. Developers are also engaged in providing an enhanced customer experience. There are entire dedicated teams for customer service and sales to assist customers through the sales, and after-sales process. Reputed real estate developers are a reliable point-of-contact for homebuyers to register their requirements and grievances.
Lastly, with properties in India becoming expensive by the day, the stakes are higher. In the present time, it is therefore all the more important to buy your home from a reputed real estate developer.
With fierce competition in real estate, how do you choose a reliable builder? After all, the builder is going to be responsible for your home. You must therefore make a thorough market study, and choose a builder to suit your needs. There are however some key indicators that help the best competitors to stand out.
Experience: more the experience, more the efficiency. The consistent experience and performance of the builder also speaks a lot about the builder’s service, quality and knowledge about the industry.
Success rate: Make sure to find out the number of homes built, completed and occupied. Furthermore, the number of ongoing projects is a direct reflection of reliability, quality and scale of operation.
Referrals and testimonials: This the most reliable receipt. The greater the number of happy customers, the more trustworthy and reliable is the builder. Testimonials also help to gauge the quality of material used, occupation services and adherence to a time schedule.
We all have different dreams for our ideal home and every builder has a different specialization. To choose a custom builder, make sure you have a clear idea about the home’s design. This way, you can board the builder early on in the design phase, while keeping your budget in alignment throughout the building and designing process and the builder can also immediately notify you about constructability issues. Furthermore, you can ask for cost-saving, high-performance and construction expertise and insight at an early stage.
Choosing the right builder to suit your housing needs amidst several options can be confusing. Consider the following tips to choose the right builder for you—
Meet your builder face-to- face, this will tell you a lot of transparency about communication style and personality. Don’t hesitate to interview your top 2-3 choices. Furthermore, make site visits, this gives you insights into the quality of construction and finished homes. Furthermore, you get hands-on information about safety measures and knowledge of the builder. Lastly, make thorough research of licenses and certifications required for builders and make sure the builder you choose is reliable.