The CREDAI (Confederation of Real Estate Developers' Associations of India) -Jones Lang LaSalle’s (JLL's) Indian Real Estate Transparency Index 2011 was recently released.
In the survey conducted as inputs to the report, 83% real estate developers agreed that there should be a uniform carpet area / saleable area definition across India, 3% disagreed and 14% weren’t sure on this point.
Highlights of CREDAI - JLL survey
# Another survey question a whopping 97% developers agreed that they intend to provide actual measurements for calculating saleable area and carpet area.
# Another one interesting issue where 93% developers expressed their intent to quote rates that are “all inclusive” of other charges.
# Only 69% developers agreed that they intend to provide a full disclosure of approvals, sale and pricing of their projects to the buyers, 14% said they don’t even have the intention, while 17% chose to remain undecided.
# The only 69% developers only intend to provide these documents and almost a third of developers are sure that they can not provide these to buyers.
About CREDAI ..!CREDAI : The voice of industry
The CREDAI (Confederation of Real Estate Developers’ Associations of India) is the apex body for India's private Real Estate developers. CREDAI represents over 6,000 developers through 18 member associations pan India. It links private real estate developers to the government and customers through numerous initiatives and activities.
About JLL..!
Jones Lang LaSalle is a financial and professional services firm specializing in real estate services & investment management. Our more than 40,000 people in 1,000 locations in about 70 countries serve the local, regional and global real estate needs of those clients, growing our company in the process.
In response to changing client expectations and market conditions, JLL's assemble teams of experts who deliver integrated services built on market insight and foresight, sound research and relevant market knowledge.
In the survey conducted as inputs to the report, 83% real estate developers agreed that there should be a uniform carpet area / saleable area definition across India, 3% disagreed and 14% weren’t sure on this point.
Highlights of CREDAI - JLL survey
# Another survey question a whopping 97% developers agreed that they intend to provide actual measurements for calculating saleable area and carpet area.
# Another one interesting issue where 93% developers expressed their intent to quote rates that are “all inclusive” of other charges.
# Only 69% developers agreed that they intend to provide a full disclosure of approvals, sale and pricing of their projects to the buyers, 14% said they don’t even have the intention, while 17% chose to remain undecided.
# The only 69% developers only intend to provide these documents and almost a third of developers are sure that they can not provide these to buyers.
About CREDAI ..!CREDAI : The voice of industry
The CREDAI (Confederation of Real Estate Developers’ Associations of India) is the apex body for India's private Real Estate developers. CREDAI represents over 6,000 developers through 18 member associations pan India. It links private real estate developers to the government and customers through numerous initiatives and activities.
About JLL..!
Jones Lang LaSalle is a financial and professional services firm specializing in real estate services & investment management. Our more than 40,000 people in 1,000 locations in about 70 countries serve the local, regional and global real estate needs of those clients, growing our company in the process.
In response to changing client expectations and market conditions, JLL's assemble teams of experts who deliver integrated services built on market insight and foresight, sound research and relevant market knowledge.
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