Real estate is all about property, land, buildings whether residential, commercial or industrial. Real estate sector serves in the growth of the Indian economy. But some economic factors affect the growth of this sector, thereby changing demand and supply of the properties, land, etc.

Challenges in Real Estate Sector faced by both customers as well as the developers or sellers


Challenges for customers

  • Fraudulent advertisements of sale of land or property, with attractive offers. Because of the lack of strict actions on the sellers in this regard, it is a common way to trap customers.
  • Less compensation from the Government side. However, government started a subsidy scheme for providing some amount as subsidy. Also, there are a few schemes in case of Affordable housing projects.
  • Delay in completion of housing projects is one of the major problems these days. In these cases, customers finalise the property by paying booking amount to the dealer or developer with an assurance that they will get the property after a specified time. But, because of some court or government interventions with respect to land, finance, funds, other approvals, etc., the project gets delayed and customers face the delay consequences.
  • In case of refusal to buy by the customers, sellers charge a heavy interest from them for default which is not the case when default is from their side (i.e., when seller refuses to sell).
  • Under the table fee from the booking of the land or property stage to the final registry of the documents. This puts an extra burden on the customer.
Upajivan provides solutions to these problems by:
  • studying the market trends,
  • identifying the genuineness of the property and the seller and also scheduling inspections,
  • getting your loan approved at reasonable and reliable rates,
  • helping you with the subsidy entitlement and assuring you with guaranteed delivery of your needs

Challenges for Sellers or Developers-

  • A real estate developer requires almost 40 to 50 approvals before starting a real estate project. These approvals are required from various government authorities of various departments, which is also a factor for delay in the projects. Ultimately, it leads to corruption, since the developer is ready to pay an extra amount for the speedy approval.
  • Acquisition of land by the developer is a cumbersome task.
  • Poor record keeping of the land and property titles also pose some major challenges
  • Arrangement of funds is also a major challenge.
  • Inflation , high taxation, under the table fee, etc.
Upajivan provides solutions to these problems by:
  • helping you in getting timely approvals for the projects without involvement of extra payment,
  • getting land at reasonable rates,
  • helping you to keep records with proper documents drafting and
  • arranging funds for project financing at reasonable rates.
How Upajivan helps you with Real estate sales and purchase process?
  • Determine the products or services you want to sell

  • Develop a business plan including the expected costs.

  • Arrange money either through self investment or loan.

  • Take advantage of the online tools to track your retail business activities and work on better decision making, instead of making detailed spreadsheets offline

  • Acquire any business licenses required.

  • Register your entity

  • Develop a marketing plan