Akin to the way brands are preferred while buying utilities, developers who have established as a brand, are emerging as the backbone of the real estate segment.
Branded developers have successfully paved the way and transformed the sector. From being an unorganized sector, engulfed with trust issues to being an organized, transparent and customer-friendly, real estate today has come a long way. Government regulations like RERA have further streamlined the sector. Mentioned here are factors why it’s to your advantage to opt for a branded developer.
Lifestyle: When it comes to lifestyle features and amenities, sky is the limit. From aspiring of an elevator that opens into your apartment to enjoying an infinity pool or even better a personal pool in a gated community, the list is endless. However, these cannot be offered by any developer, even though some may over promise. Experience plays a pivotal role. Being a strong brand, reputed developers ace the know-how of what’s in trend and how it can be incorporated to suit people’s tastes, while having a unique value attached. They will also partner with the experts in the field, thus ensuring you get the best. In short, branded developers always raise the bar with new features, thus working to your advantage.
Additionally, they also go a step ahead by handholding the responsibility of the upkeep and maintenance of the project for a set term and then passing it to the residents once the society is formed or outsourced to a management team. This is important because more often than not you invest in a project keeping in mind the many features that it offers and you may get disappointed if the project doesn’t maintain the standards going forward. With a branded developer, you can be assured that what is shown in a project is here to stay.
Information at your fingertips: One of the key consumer centric feature introduced by branded developers is the usage of digital platforms – bringing in transparency and making information easily accessible. Once you invest with a reputed developer, you will get access to information by ways of emails, mobile app/web portal. Via these mediums you have access to critical project related information in terms of construction updates, payment milestones, receipts etc. These services aren’t limited to the time of buying the property but are extended post possession too. There are app for you to raise grievances, queries and track the redressal progress. Furthermore, these are also used to keep the residents updated about the upcoming events, society matters, sign-up for use of facilities, etc.
Responsible realty: Branded developers are leading the way when it comes to sustainability. Right from the way houses are being constructed, to ensuring incorporation of long term sustainability solutions that will benefit you. Efforts are made to conceive building designs that use maximum natural lighting and are constructed using environment friendly-construction materials that lead to reduced volatile organic compounds (VOC) and thus reduced carbon footprint. Furthermore, incorporation of solutions like rainwater harvesting, waste water recycling, leveraging solar energy for lighting purposes, solid waste management, etc will benefit you while in terms of cost saving and by reducing usage of vital resources.
Quality construction and on plan: With branded developers, you can rest assured that your home will be built with good quality materials, employing all the latest technologies and meeting all the regulatory standards. Even in terms of the amenities, fittings and fixtures, will be as promised. Most importantly, with a branded developer you can be assured that the project will be RERA registered and will therefore be what was promised. Additionally, you will also be getting timely delivery of the property, something that non-branded developers may fail to achieve.
Easy loan availability: Reputed developers are well-known as their projects and customer testimonies speak for the brand. Hence, getting a home loan for such projects is easier given that they are in-line with the Real Estate Regulatory Authority (RERA) guidelines. Various banks, non-banking financial companies (NBFCs) and Housing Finance Companies (HFCs) are associated with such projects and it becomes easier for you to get a loan. Many of these developers will have an in-house team to help you with the loan process. Of course, the loan availability is subject to various factors like credit score, income and eligibility.
Article series powered by Housing.com
One of the most common dilemma you face when buying a house is whether to invest in a ready-to-mo
World over, there are several cities that are transforming themselves and providing better lives
From an asset allocation perspective, experts advise that one should spread out their investments
Once you have zeroed in on the property that matches with your preferences of a developer, budget
Thanks to several government initiatives like reduction in stamp duty and other tax benefits, the
Usually located within couple of hours drive from the city, weekend homes are set amidst nature a
The Goods and Services Tax Council has proposed a reduction of the taxes levied on under-construc
The process of home buying has undergone a sea of change for the better. Today, you will find the
The COVID pandemic has brought about sweeping changes in our lives. It has compelled us to view t
A well-developed township offers a plethora of advantages – a great community, better quality o
Home loan is by far the most common type of loan that’s availed by individual
Despite the recent reduction of interest rates on home loans by most banks and NBFCs, the burden
Owning a home continues to be a priority for most Indians. However, this is step is generally tak