1. 11/12/12 PlanningUrbanORegional: Real Estate price at user’s end: Transparency is the way to win-win situation!
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Real Estate price at user’s end: Transparency is the way to
win-win situation!
UrbanORegional on Twitter
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When demand is so high there is no point keeping hidden costs and
policies.
UrbanORegional has 4,904 Followers
Planning to buy a home? For some, it's joy of
their life, for some it’s a mission, for some
DA O U D47 jeancroro sengulc lilmama34tk w adi_com
their livelihood but for many, it’s a pain. Pain
of market research, confusion of what to
choose, whom to trust, struggle of monetary
arrangement, fear of being cheated, horror of allisonelfxoxo E liatcoachdaddy LA N YP O MM arjie_G irl deborahy ela
ME BO
future encounter with inevitable unpleasant
surprises associated with real estate deals in
constantly changing landscape of real estate You can Follow me on Twitter
market, volatile banking and public policies, Follow @UrbanORegional
unstable political and people’s affair and so on.
There are so many places where your real estate judgment might go
wrong no matter how smart, how educated and how networked you are.
Forget about the traits and circumstances which are beyond your control.
So volatile this whole affair is that at times it feels like it's a game of
luck to finally secure a place without any conflict of guesswork and
reality, which you can call your home sweet home.
Long completion cycle of real estate development especially in case of
housing and apartments, makes it more vulnerable and susceptible to
volatile market and changing policy environment, susceptible to changes
in policies and contracts leading to additional fiscal burden, majority on
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customer’s side and some on developers as well and to monetary losses
occurred mostly to buyers who failed to understand the fine intricacies of
initial contracts and hidden policies.
In midst of all this confusion you either hire or get channelized through
planningurbanoregional.blogspot.in/2012/08/real-estate-price-at-users-end.html 1/5

2. 11/12/12 PlanningUrbanORegional: Real Estate price at user’s end: Transparency is the way to win-win situation!
someone or a firm apparently specialized in real estate dealings to make
your life easy, only to realize that they have their own hidden policies
and excuses to add to your frustrations.
Acknowledging and understanding the inevitability of market dynamism
and inevitable growth in housing demand with little bit of fluctuation
here and there time to time, a whole new approach is needed in the
functioning of real estate affair.
You are a customer; you want to buy a house rather home, you know
your financial condition, you know your aspirations and limitations. You
see a home advertisement at fabulously low price in local newspaper or
on internet with an assumed star (*) or applied conditions, you are
already comfortable with that, you match your budget, you find out more
just to realize that there are considerable hidden charges, you think for a
while, going ahead seeing the same prevalent story everywhere, you go
to bank for monetary help, they have their own complex structure of
policy documentation difficult to fathom right away, leave it aside for a
while because you urgently need loan for your sweet home, you do the
deal formality with developer while realizing that there are secondary
and even tertiary level of hidden charges. Finally your deal is completed,
but someone just comes to you and tells you that there are additional
visitor parking charges subjected to availability, really high annual club
charges you can’t escape, Monthly fixed or accelerating maintenance
charges for several amenities you won’t be using ever, not to speak of
the security and other welfare charges which issues would occurs later in
future if you want to live there. And unfortunately you can’t hold
developer liable for many of these things because they will say these
monetary activities are beyond their scope of contract and deal. Oh, and AUTHOR
don’t forget recently revised property related tax policies which is going Anoop Jha
to go increasingly taxing on your already demanding fiscal health. Delhi, India
View my complete
Now, you are a developer, you are in this business for long, you know the profile
intricacies very well, you adjust your position as market and policies
change, you see that your business in not going to go down ever in Total Pageviews
future due to insanely high housing and real estate demand apart from
occasional dip, you are in a position to dictate the terms so you don’t
24045
have to worry. Of course changes in real estate laws and public policy as
well as volatility of politics and people’s affair are going to affect your
business, but you are sure you will be able to recover what you want
from those existing or prospective customers. Labels
Architecture (79)
For every single customer who can’t afford the price you are offering for a City (74)
piece of real estate work you are creating, there would be dozens of
Design (39)
willing customers to buy the same piece of project. Acknowledging the
Development (68)
strong and more or less stable future real estate growth, as well as
Environment (55)
abundance of customers, it’s your responsibility as a developer to be as
Urban and Regional Planning (85)
transparent in your offers, deals and policies as possible. It will benefit
Urban Design (19)
both customers as well as developer. Customer will know early what is
Urban Mobility (33)
within their reach based on their financial position and assessment of
Urban Planning (122)
realistic real estate offers and their search for house would be less
painful and more fruitful, speedy and less frustrating. Developers should
See Author's other blog:
declare every possible instance where an additional cost burden can
FromtheDiaryofMentor
occur to a customer along with its tentative quantum, should declare
every possible project constraint and policy in big bold font, emphasizing
every liable policy changes and unexpected future charges based on their
industry and regional experience. What worst can happen by this
approach? You might lose a customer or two, but with such a huge
customer base, who cares! It will sure have advantage both ways.
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