A high
quality real estate site requires a great deal of manpower to ensure
that it is running smoothly. Data collection from the field is more crucial
than the layout and feel of the site. There is today a new business model among
some property
sites, such companies promise to handhold from start to finish a
buyer or seller of property.
Why Not Sooner
Indians
it seems have always been more like Americans than like Germans. In Germany far
more than half of its citizens live on rent. They prefer the freedom and
carefree nature of living on rent and being able to travel to other parts of
the world without having to wonder if everything will remain smoothly running
at their house.
The dream
of every American has been to own his or her own home, this is colloquially
known as the “American Dream”. Lately however there has emerged what can be
called the “Indian Dream”, middle class Indians have begun to buy a house
before they turn thirty. Today, often in large cities, both husband and wife
work, thus Indian households are able to afford to take a loan and pay EMI’s
regularly. What American’s call a mortgage, we call paying EMI’s. A high
quality property
website will often provide details of what kind of bank payments
are needed to be paid to own a property.
What has
happened could not have happened any sooner as Indians aspirations have changed
from what they had been twenty years ago when owing a Maruti Zen that cost
three lakhs was considered a sign of high status. Indian’s today travel
globally and have global aspirations. Hence young Indians demand global
standards and a global lifestyle within India. Companies which own the best
property sites in India have realized this and are taking a bite out of a
market where customers want the buying and selling process to be smooth and
hassle free.
The future of Property
It’s
still unclear how the government’s impetus to provide housing for crore’s more
will work; Indian real estate will be transformed beyond belief if such
goals materialize. Many Indian’s, if we indeed were like Americans, would love
to own their own home. There is however an indicator that we are not as much
like Americans as we like to think since we do not trust credit cards as much
as Americans as most Indian households have minimal credit card balance and
which they rapidly repay fully each month.
Perhaps
not every Indian deserves to live in his or her own home and it is not the job
of the Central Government to ensure that every Indian does. A real estate
site in India may not have as large an untapped market as one
may think.
