Strong demand and easy affordability is leading the current boom in real estate industry in India which now has started flowing down to smaller towns as well. As per industry experts an estimated, there would be a demand-supply gap of around 18 million housing units by 2010.
 

Among the top builders Omaxe, DLF, Unitech and Rahejas etc. are known and identified with giving value for the investor’s money. However, the cost of their product is definitely much higher. These are followed with a few ones in the mid-category e.g. Shipras. Assotech, Supertech, Vatika and Parasavnath etc. who may not be in top of the line but are regarded good providers. Last of them are a few new entrants like SPS Residency who may be good but have yet to prove and settle down in the market.

Choosing a builder would depend on many factors and is directly related to the quantum of investment or to say the buyer’s pocket. Lately, some of the builders have come out with imported gadgets in kitchen and bathrooms but it would all come with additional cost and can not be considered an alternative to quality construction.

Most common complaints of buyers are non adherence to the time and quality commitments as documented. I would therefore, insist for some penalty related clause to be included in the Sale Agreement for any such deficiency in service besides a commitment against a future price escalation of the property.

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