It is ironic that in today’s digital era we get tremendous data to choose a 100 Rs T-shirt, but we still have to walk several miles to shortlist 2-3 worthy real estate sites out of 50 worthless sites to invest into. You go to buy real estate, you will be shown clay models and paper maps to invest your 40-50 lakhs, on the other hand we get 10 photos to but a 100 Rs T-shirt. Thanks for educating us.
People are confused with real estate land vs Builder apartment. If it is a land it is an asset. If it is a apartment then it is not an asset. Every building or apartment comes with lease of 60/70 years expiry. At the same time the building condition also Deteriorate in 60 years, then it has to go into redevelopment. So It doesn't carry the same value to pass on to next generation. Builders often give less amount or square feet. Why you want to own a thing in this world if you will live actively for 50 years only.
It was an insightful talk and a much needed one in the real estate industry today. I couldn't agree more when you started the talk that 'real estate' is almost the last industry to catch up with technology. Just the resistance you face from the real estate veterans is infuriating. My favorite part of the talk was the list you made of how the future would look like for Builder, Broker & Buyer in 2030 with the introduction of technology. What I await as a Developer and also a consumer is ease of regulations at local level to develop a single real estate project. Digitization of IGR, MCGM etc have begun but is still hugely dependent upon you waiting outside the MCGM officer's office for hours before he "digitally signs" your approvals. It is sad how long that takes and it'll take time until the change comes at grassroot level too.
It is ironic that in today’s digital era we get tremendous data to choose a 100 Rs T-shirt, but we still have to walk several miles to shortlist 2-3 worthy real estate sites out of 50 worthless sites to invest into. You go to buy real estate, you will be shown clay models and paper maps to invest your 40-50 lakhs, on the other hand we get 10 photos to but a 100 Rs T-shirt.
Thanks for educating us.
People are confused with real estate land vs Builder apartment. If it is a land it is an asset. If it is a apartment then it is not an asset. Every building or apartment comes with lease of 60/70 years expiry. At the same time the building condition also Deteriorate in 60 years, then it has to go into redevelopment. So It doesn't carry the same value to pass on to next generation. Builders often give less amount or square feet. Why you want to own a thing in this world if you will live actively for 50 years only.
Buliding may not but land or square feet what you are saying has appreciation 😊
You have a 4th actor in real estate....the regulator!
It was an insightful talk and a much needed one in the real estate industry today.
I couldn't agree more when you started the talk that 'real estate' is almost the last industry to catch up with technology. Just the resistance you face from the real estate veterans is infuriating.
My favorite part of the talk was the list you made of how the future would look like for Builder, Broker & Buyer in 2030 with the introduction of technology.
What I await as a Developer and also a consumer is ease of regulations at local level to develop a single real estate project. Digitization of IGR, MCGM etc have begun but is still hugely dependent upon you waiting outside the MCGM officer's office for hours before he "digitally signs" your approvals. It is sad how long that takes and it'll take time until the change comes at grassroot level too.
Maam its great for me to read your thoughts,I am new in real estate could you please guide me ? How can start my career in real estate from 0??
Great insights on the future of real estate in India! It's exciting to see the industry evolving and adapting to new trends.
I didn’t understood a single thing other than real estate needs tech, is that just me? Or something wrong with the speaker
Great 👍
Very nice information. ,i am from Karachi Pakistan, Behria Town Karachi. ,
I am also from Karachi, Scheme 33 😊
He forgot the biggest roadblock of all , an erratic regulator with uninforced regulations.
Very irritating speaking style with a..aa..aa..
Not worth it
Bla bla bla bla