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In a crowded real estate market where prices are rising, it is our moral bound duty and responsibility to speak up for ethics and transparency as well as realistic profits and practices to sustain affordable housing.

Riding on explosive demand, some real estate players are squeezing genuine home-seekers and making more than 100 per cent margins in operating profits, instead developers should sell their products on a cost-plus basis as buyers put in one third of their life long savings to own one house. Since consumers are in need, they should not be fleeced, which is happening in most of cases, and investors are making money. Making more than 100 per cent profit is almost a criminal offence.

One of the ways to stop this artificial rise in the prices is that developers should not sell these flats to investors who are in the business to make fast bucks. Since a home is a product that is core to every home-seeker, the profit margin should be a part of the corporate social responsibility (CSR).

The housing shortfall in India evidently parallels China's. Both countries are trying to increase the available stock but China has acted more firmly in the face of high levels of speculation and rising prices. The Housing Ministry in India has been considering cross-subsidisation but progress will depend on the Central and State governments acting in a far-sighted way. The most difficult task is to integrate the resources of local bodies, financial institutions, city planners, and the private sector to remove hurdles encountered by the weaker sections. The lack of institutional financing options for the poor and the rising cost of property have been identified as two major barriers. Speculation has driven up land prices in urban and per urban areas, while there is little new stock of public housing for rent or sale. To see some results, the government needs to move ahead on reserving land, adopting vertical construction in congested areas, reducing prices through use of low cost materials, and partnering with the private sector. Where the supply of available housing is less than the demand, low and moderate-income households often struggle to find and secure housing that is affordable. In these housing markets, land values often outpace the capacity of incomes to keep up. Such housing markets often (but not always) have a limited supply of residential land, or a number of regulations that make it difficult or costly to increase housing supply at rents affordable to consumers at income range below the local average.

In Gurgaon and NCR, the prices were soaring high particularly residential because of short supply and concentration of the market by few major players. Nothing was available less than 4500/sq.ft. Also, the new projects were launched at 6000-7000/-sq.ft. As a result end-users were not able to access the available housing. Due to maximum people not able to afford, there came a slump and there were virtually no buyers. If the situation cannot be controlled even now and the prices further continue to escalate, there is a likelihood of market to crash for expensive and high-end apartments. Houses can easily be made available with international world-class amenities between Rs 2,500-3,500/- per sq.ft at which Raheja Developers have launched new projects like Vedaanta, Navodaya and Atharva. In case a builder adopts a rational pricing strategy, its projects will surely meet up with unprecedented success. The past six months in Gurgaon property market amply highlight this fact. All these projects are 80 per cent sold out in a matter of days, most of these who booked are actual users since our company does not give more than one apartment per family.

Courtesy:- HT dated:- 14^th June 2008

Date: 16 June 2008, Monday
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“Affordable Housing” By The Zameen-Zaidad

A common man have only one desire to have their own house but how can it possible when the rates of property goes too high. If you are make mind to purchase a residential flats or commercial plots then you search more and more property space in Internet, News Paper, TV ads, Property Agents, By peoples who near by to you and many ways you use for it. But you find your self unable to take a decision which is the best for you and it is the most difficult problem because you choose a property by some one suggestion. It may be good or bad for you it’s a different matter. So be careful before purchasing don’t take decision in hurry it’s not so simple and short timer, these days many ways are available to solve this problem such as Property Portal and you can join the Hi-tech era solution Internet This is the best option to you for search property any where any rates on one place by the simple click and you see the location and the real rates of property. The status of real estate in India is increasing too fast you can see it already. And it is sure that it going more and more higher the cause of this increasing “financial status of Indian Government, Population also”. By this increasement a normal class family not able to purchase a well maintained house to live in. Indian Government doing many efforts to solve this problem but these schemes is too little to face this problem. Then middle class family person like to take a rented house in the best locality to live in. but some builders are trying to solve this problem by making flats for middle class families in less price and the total price divided in installments and it’s not too big to afford it. You can see any type of property in Zameen-Zaidad which is a property portal it’s provides you the property in all over India in affordable price for a middle class person. There are more than two hundred builders are included in our site with their projects and you search any one from all of them which suite to you. If you like to sale your property then you can also contact or submit you property in site for sale. If you want to invest on the Indian Real Estate it’s the best decision of your own because the property rates in India are going to high day-to-day and this process going to longer. Now-a-days the status of real estate is too strong many big companies’ likes to invest in land purchase after some time they make multistore buildings and then they earn more and more and the share market is also affected buy this field. Join the Real Estate Investment and getting your money grow.

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