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property simplified




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More Pioneering Projectsneeded for India’s Real EstateMarket

November 4,2016Real EstateIndian real estate market,realestate business in india, real estate investment in india, real estate marketinindia SrishtiChandola

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 thebuyers.

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 theinnovation.

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 haveset

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benchmarks. Thisinclude:

Supporting architecture and innovativedesign

Pioneering the financial support to customers with help of the financial institutions and banks

Promoting new engineeringtechniques

Upgrading systems that are being used as per the globalstandards

Adopting or developing modern technologies that fasten the process ofconstruction

Why is benchmarkingimportant?

The experts explain that setting up a benchmark, of course, plays a vital role in the real estate industry in certain followingways:

Ensuring that the buyer gets timely delivery of the unit Finding the aptlocation

Deliver the value-added services through budget implications, interiors, various scheme plans, after-sales services, maintenanceetc.

Developing well-informed marketing strategies that create awareness amongthe customers

Helping the buyers by making an informed buying decision Creating a township that is in line with the globalstandards

Prospect ofGrowth

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 estatesegment.

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 thecustomers.

← Why is it Difficult for Indian Real Estate to AdoptTechnology?

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Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEADalumni withexperienceinstrategyconsulting,internetmarketing,venturecapitalhaving beenpartofcompaniessuchas McKinsey, Capital One, PartyGaming and SSGCapital.

Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estatespace.

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