Real estate – A reality check

Real estate has always been a much discussed issue in this country. India is growing, and a growing country needs more infrastructures, more residential buildings.

Everybody dreams to have their own home.  People spend the earning of their entire lives to buy a home. A lot of emotions and logic is associated with their decision to buy a home. Let’s have a reality check of the world of real estate.

Not only in metro cities like Mumbai, Delhi, Kolkata or Chennai; the real estate business is growing at a very fast pace even in small cities like Indore, Jaipur and others. Besides old real estate companies, many corporate houses like Mahindra are also investing in this business.

Some of the big players in this business are Hiranandani Group, Kumar Builders, Disha Direct, Lodha Developers etc. They have a trusted track record to build world class realty properties. For example, realty major Lodha Developers is coming up with the world’s tallest residential tower at a cost of Rs 2,000 crore in central Mumbai.

The growth opportunity of real estate is so vast that even the international real estate developers are showing their interest in Indian market. For example, Lodha Developers have tied up with the New York-based architectural firm Pei Cobb Freed & Partners and structural engineering firm Lera for the World One project.

Now, there is a new property idea called a second home. It’s like a bungalow which is situated 100-200 kms away from the main city. This idea of having a second home is catching up with the imagination of the urban upper and middle class. And the real estate developers are also coming up with many attractive projects. Some of the second home destinations near Mumbai are Kajrat, Lonavola, Panchgani etc.

But the picture is not as rosy as this everywhere. There are many real estate developers who cheat people like you and me by making false promises. So, while buying a property prepare your own check list. All we need to do is be little cautious while buying a property. Like, consult experts, talk to your friends who have already bought properties, take legal advice from experts etc. These small things are very big when it comes to buying a property.

Happy house hunting.

Kumar Builders Focus on Social Responsibility and Corporates

“On action alone be thy interest,

Never on its fruits.

Let not the fruits of action be thy motive,

Nor be thy attachment to inaction.“ - Bhagavadgita, Chapter 2

CSR is not new in India, many companies like TATA and Indian Oil have been contributing towards the society before CSR was defined. In the initial phase it was a running trend among corporates to indulge int CSR activities and use it as a merely as a smart marketing gimmick. However, over the years the trend has shifted from focusing solely on making a profit and companies have realised that what is good for employees, shareholders, environment and society is good for business.....Read More