Two major residential segments of Mumbai’s real estate.

Luxury-residential-properties-Mumbai

Affordable housing and luxury housing are two main residential segments in Mumbai’s real estate market. By the end of year 2015, luxury housing segment saw slightly sluggish growth because of significant oversupply. However, this segment is expected to improve. For example, investments from NRIs are expected to increase in Mumbai in subsequent years. “With easier laws for investment and repatriation, India offers a good opportunity for real estate investment to NRIs”, says Sunil Chopra, founder of Spacio Realtors LLP.

Mumbai affordable housing segment not only performed better in 2015, but is expected to do well in years to come. One of the reasons is the push that the government’s ‘Housing for All by 2022’ initiative is likely to provide. Other reason is that first home buyers especially under the age of 35 years have limited needs and budgets and so they look for 1 or 2BHKs under $61,000. As per Wikipedia, 65% of India’s population is under 35 and that explains why affordable housing demand is expected to rise in years to come.

Indian #residential #realestate did not perform as expected in 2015 https://t.co/Wjr8EKvmIQ @KnightFrank_IN @KailashBabarET

— Spacio Realtors (@SpacioRealtors) February 5, 2016

Spacio Realtors has a dedicated NRI Desk to provide real estate investment advisory services and offers complete package of services relating to real estate investments. The real estate consultancy firm has in-house expertise to answer special needs of NRI investors including legal, taxation and other regulatory compliance.

Is technology a boon or bane for real estate agents?

Real estate broker s and consultant in mumbai

Technology is replacing real estate agents especially for traditional broker roles like providing information about new projects, information about different locations, giving choice of product and ease of finding properties. So does it mean that the era of real estate agents and brokers is over?

The answer is definitely ‘No’. But it applies to those brokers/ consultants or agents who are ready to re-invent themselves. Properties never come cheap, so even for a small property, the buyer in investing a considerable amount of savings. If listing websites can assume the role of information provider, new age brokers can go a step further and assist the client as a professional guide and add value to the deal with personalized advice and complementary verticals like legal, tax, etc.

Spacio Realtors, based in Mumbai India, provide complete package of services across different verticals of real estate sector. They offer broker services to buy, sell and rent residential and commercial properties and offer property investment consultancy services. The firm has in-house legal and tax department as a result of which they are able to hand hold clients through real estate deal till the end.

Is technology a threat to real estate brokers?

Real Estate Broker Consultancy Firms 

Technology can replace those real estate brokers with online property listing websites who think their job is just to initiate a "for sale" sign on your property or drive you around to view properties. Or those brokers can be replaced who merely introduce two parties and get their brokerage by sticking to their deal till the end.

New age real estate broker and consultancy firms like Spacio Realtors understand that every client has unique requirement and needs personalized advice. They re-invest themselves with time proactively and equip themselves to add value though other services like legal and tax advice for properties, advice on property investment portfolio, etc 

Do online property listing portals pose a threat to the broker community?

Real Estate Brokers in Mumbai

Technology can replace those real estate agents with online property listing websites who think their job is just to initiate a "for sale" sign on your property or drive you around to view properties. Or those brokers can be replaced who merely introduce two parties and get their brokerage by sticking to their deal till the end.

Property constancy firms or brokers who provide due diligence of product/ person/price and add value to the property transaction though the knowledge base of the firm are here to stay.  

Search filters of online property portals don’t understand every client’s unique needs and distinct dreams like how experienced brokers and consultants do.

Spacio Realtors a real estate broker firm based in Mumbai India, believes more on building relationships than focusing merely on transactions. Spacio understands every client has unique requirement and needs personalized advice. The firm provides professional and dedicated service with complete ethics and transparency to achieve their clients’ real estate goals.