Builders try new ways to fuel market

Under pressure from rising input costs and stricter norms to deliver flats to buyers as per deadline, India's real estate developers are waking up to global realities. They are now adopting unique technologies to develop quality projects within tight deadlines. With inflation pushing up project costs and consumer forums penalizing builders for delayed delivery of flats, many developers are now hiring the services of foreign project management consultancy companies and techno construction firms for faster implementation of projects, which come with cost advantages. Speeding up construction for a demand driven market like India is the need of the hour and technology based companies have a bright future.

Our comment, Mary is simply "Oh, the desperation!" Thank you for making us smile.

REALonomics is posing serious questions about the business model espoused by the real estate industry and how it delivers value propositions to to its clients in a consumer-centric era.

Not a day goes by, it seems, that REALonomics here's the whimpers of real estate professionals cry-babying about the media. It's the media, it's the model, stupid. No amount of positive mental thinking and imaging is going to cure a financial failure that was predicated, not on sound financial investment advice from Brokers (let's not forget fiduciary), but on the inherent greed that permeates the industry.

Although the industry does a great job tooting its self-promoting trumpet, it does a horrible job training its advocates in financial counseling with respect to real estate investment.

Can anyone for a second imagine a Certified Financial Planner or Stock Broker offering marriage packages and free gas in exchange for the purchase of 100 shares of General Motors stock?

The Chicago Tribune would do well to interview the founder of this blog:

www.REALonomics.net

Buyers are not duped by 'sales hype-faced' dupas.
Internet 'persuasions' of "people are camping out in line to buy", raising prices artificially to instill in the public urgency to buy, intial fixed lower interest rates(and they are PEAKING this very month)in lieu of real price discounts, builder pays 'x amount in closing costs' when in reality the gimmick is having to use their lender who is way higher than your own choice,"$50,000 in upgrades" you don't have a choice of areas/selections in and that amount is retail not what the builder buys at bulk rates,Realtors using the identical litany of excuses instead of reasons why they are not working at selling.
Read online the Big 400 and see just how poorly new construction sale closings(remember it is not sold until it is closed) are. When a Realtor of existing housing says "activity" -that means a free home evaluation for any purpose, a phone calling begging for another listing,engorging at another commaraderie banquet attended by their own,counting people driving by their office, self-voiced "professional" (takes a GED/car/easy state board test pass), writing a memo, etc..
The larger nationwide builders do have the holding power,you bet. They don't even have to consider using tools available such as-like renting new construction- to- buy in a win-win for both builder seller and buyer.
And thank you to "Oh,the desperation!".

Goody, goody, India the answer for America? Just ONE call ONE time and ALL my so called 'technical' issues are resolved here and forever more-computer+housing+job+elec tricity out+phone out+delivery of that item from Macy's+whereabouts of my ride+car repair+the tarantula in the house+satellite dish isn't performing in rain. WOW! Hrmph.

Manhattan is no "south suburb" (of Chicago). It is a community in WILL County(not Cook County) as much as Kankakee is in Kankakee County(and there are NO reveling incentives in that County).

Wiseman-Hughes Enterprises is in big wampu doodoo trouble.....hold on to your seats...this is Beyond an E ticket ride......major layoffs ....$50Million in DEBT.

RJ Samp wrote:

Wiseman-Hughes Enterprises is in big wampu doodoo trouble.....hold on to your seats...this is Beyond an E ticket ride......major layoffs ....$50Million in DEBT.

Yepper, on CL daily, major nationwide, regional, local report variaties long time fieled at me online. Former Realtor, NOT now.Have properties up for sale-what a tank out-those areas by owner, buying in AZ soon, abandoned construction RE no longer an "investment"-call THEM liars. Renting right now is BETTER! Agree. And hold what you have, weather it out-you'll be on the top!