Open Acres Newsletter_April 2024

Bridging Customers & Realty

Vol:1 Issue: 1  MUMBAI  2024  PAGES: 6

elcome, readers, to the

very first edition of our

newsletter! I’m thrilled

to kickstart this journey

with you all. ‘The Guardians Gazette -

Bridging Customers & Realty’ is more

than just a newsletter; it’s a platform to

amplify consumers’ voices and shed

light on the issues that matter most to

consumers in the realty sector. In each

issue, we’ll delve into the heart of

customer concerns, spotlighting key

issues and providing valuable insights

into the real estate landscape.

Within the pages of our newsletter,

we will focus on various topics, from

advocating for fair housing practices to

uncovering hidden fees. We aim to

equip you with the knowledge neces-

sary to make informed decisions in the

real estate market.

Whether you’re a homeowner,

renter, or industry professional, this

newsletter is designed to bridge the

gap between consumers and realty,

fostering transparency and under-

standing. I invite you to join us on this

exciting adventure as we navigate the

intricacies of the real estate world

together. Here’s to a fruitful journey

ahead with The Guardians Gazette!

Warm regards,

Jayesh Rathod, Director

FROM CONSUMERS

TO INDUSTRY PROS:

t The Guardians,

we understand

the critical role

that consumers

play in driving the real

estate market. Our news-

letter serves as a forum for

discussion, providing

in-depth analysis and

expert opinions to help both

consumers and profes-

sionals. Let us work

together to create positive

change and redefine the

benchmarks of success in

real estate.

onsumers’ voices

and concerns

motivate our aim

to provide rele-

vant, timely information that

meets your requirements.

Let us start on a journey of

research and learning that

will shape the future of real

estate conversation. As we

start on this new journey, we

hope to build a platform that

not only solves consumer

problems but also promotes

a better awareness of the

industry landscape.

RAM NAIK,

Director

KAUSHAL AGARWAL,

Chairman

KHETSI BAROT,

Director

he Guardians

Gazette - Bridging

Customers & Realty;

at this distinguished

platform, we are honoured to

present a space where

consumer perspectives shape

the discourse. Let us work

together, using consumers’

different viewpoints and

knowledge, to create a more

resilient and inclusive real

estate industry. As we strive

for quality and progress, your

thoughts are not only welcome,

but also important.

THE GUARDIANS

GAZETTE

CONNECTS ALL

Individuals, especially women, may be drawn to explore owning property as a result of recent buyer-centric measures,

such as low loan rates, which have created a favourable atmosphere for property investment. For example, the central

government provides tax breaks to first-time home purchasers, whereas state governments give incentives like lower

stamp duty. This may drive them to look into houses in metropolitan regions or their suburbs.

CONSUMER SPOTLIGHT

Bridging Customers & Realty

In this favourable market climate, it's the perfect time to think

about investing in property. With initiatives that support buyers,

like low-interest rates and government incentives such as tax

benefits for first-time buyers and reduced stamp duty for women,

the stage is set for successful investment. These steps not only

promote smart financial choices but also make property

ownership more accessible to all. So, for anyone wondering if now

is the time to buy, I say: Yes, the market conditions are favourable

for property investment.

I think it’s important to think carefully before deciding to buy

property. Right now, the market seems good for buying, so it

might be the right time. But before jumping in, you need to

consider things like how secure your job is, if you’re financially

ready, and your long-term goals. It’s also smart to get advice

from financial experts and do research on different properties and

how the market is doing. By doing this, you will be able to make a

smart choice that sets you up well for the future, even though the

market looks good right now.

In today’s real estate scene, things are looking up for potential

buyers. With low-interest rates and perks from the government

and lenders, it’s a good time to consider buying property. And for

women buyers, there are even more benefits like lower interest

rates and less stamp duty. Plus, statistics show that women are

less likely to default on loans. So, with all these positives in mind,

now’s the time to take the plunge and invest in your future

through property.

I believe that now is a golden opportunity for property

investment. The initiatives, such as favourable interest rates

and tax benefits for first-time buyers and reduced stamp

duty for women, have created a conducive environment for

exploration. These initiatives are aimed at easing financial

burdens and promoting inclusivity and empowerment in the

real estate market, particularly for women property buyers.

It’s interesting to observe how these initiatives are

encouraging greater participation from demographics that

were previously under-represented.

JOSHITA

DAS,

Chief

Communication

Strategist, P4C

MITALI M.

BHINGARDE,

Assistant

Manager,

Kotak Mahindra

Bank

SUMANTHA

SAMPEY,

Marketing

Manager, Jain

Manpower

Consultants

KISHOR

JAIN,

Social

Activist

IS IT THE RIGHT TIME TO BUY? ARE YOU CURRENTLY IN THE MARKET?

Opinion

The introduction and expansion of metro rail have significantly increased real estate growth. Improved connectivity,

lower commuting times, and land use modifications have led to increased population density. The development of metro

rail systems in cities has consistently boosted property values by more than 50%, affected by variables such as location

and local market potential. For example, the Mumbai Metro has greatly increased property prices in Mumbai by

enhancing accessibility and reducing commute times on the roads.

CONSUMER SPOTLIGHT

Bridging Customers & Realty Bridging Customers & Realty

GANESH A

KOLAPATE,

Executive Assistant,

Khabiya Group

SWAPNALI

PRASAD

MAYEKAR

Sr. Customer

Service Manager,

HSBC Bank

SIDDHI

THAKAR,

IT consultant,

Deloitte USI

SANDESH S.

PALANDE,

Founder & CEO,

Laterite

Syndicate

HOW HAS THE INTRODUCTION OF METRO RAIL AFFECTED YOUR COMMUTING

EXPERIENCE IN TERMS OF CONNECTIVITY AND TRAVEL TIME REDUCTION?

Opinion

The metro rail has greatly improved my commute. Previously, traffic

and inconsistent train schedules caused frequent delays getting to

work. With the metro, I save 45 to 55 minutes, enjoying its reliability

and punctuality. Living in Mulund West and working in Andheri West,

the metro is must. It provides a seamless and stress-free journey.

Moreover, it has positively influenced property values in Azad Nagar

and Andheri, making these areas more desirable for living and

investment due to enhanced connectivity and accessibility.

The introduction of the metro rail system has significantly improved

my daily commute. Previously, catching a train from Borivali,

especially during busy times, was quite challenging. However, with

the metro now operational, reaching my destinations has become

much more convenient. This convenience not only saves time but

also simplifies my life overall. Additionally, the metro has positively

impacted the local property market. Neighbourhoods like Eksar

have experienced an increase in real estate values due to the

demand for residences near metro stations. Personally, I find the

metro particularly convenient for traveling from Eksar to Malad

West, and it has become my preferred mode of transportation.

Before the redline metro, commuting from Borivali to Powai was

quite challenging, often taking up to 90 minutes each way during

peak traffic hours. However, since using the metro, my travel time

has been reduced by 45 minutes. This has allowed me to arrive at

work feeling refreshed and prepared for the day ahead. Additionally,

besides being a time-saver, the metro has positive environmental

impacts by reducing pollution. It also provides a smoother journey

for myself and my family. Moreover, it has had a significant influence

on the real estate market, making areas like Borivali more appealing

and accessible. With a shorter commute and cleaner air, I find

myself having more energy to perform well at work and even enjoy

a leisurely coffee before starting my tasks. Overall, the metro has

greatly improved my daily routine.

The metro has made a huge difference in how I get around. Before,

changing trains at Ghatkopar was stressful, especially during busy

times. But now, with the metro, it’s much easier. I start at Jagruti

Nagar, ride to D N Nagar, and then switch trains to reach Lower

Malad without any hassle. This not only saves time but also makes

places like Jagruti Nagar more popular for living because it’s easier

to get around. and hence the property prices have gone up there

since the metro arrived. It’s clear that the metro is changing the way

we travel and even where we live.

SUSTAINABLE LIVING AND ECO-FRIENDLY PRACTICES

n the face of fast population

expansion and industrialisation,

sustainable living is becoming

increasingly important in India.

People around the country are

adopting numerous efforts that

recognise the value of sustainability in

Indian traditions, such as trash minimi-

sation and energy conservation. These

efforts vary from improving public

transport to supporting organic

farming techniques. Additionally,

grassroots groups work ceaselessly to

educate individuals on sustainable

living strategies such as composting

and water saving. While there is still

work to be done, India is indisputably

moving towards a more sustainable

future, stressing the preservation of

natural resources for future genera-

tions.

For example, a recent Amazing

Architecture story highlighted Studio

MAT Architects’ significant contribu-

tion to sustainable design. They

converted a Mumbai home into a

self-sufficient masterpiece that exem-

plifies eco-conscious living. Studio

MAT’s architectural skill is obvious in

their painstaking design, which maxim-

ises ventilation and visual appeal while

avoiding the monotony that is

frequently associated with urban

construction. Studio MAT offers both

aesthetic attraction and practical

comfort by focusing on plenty of

natural light and ventilation,

which is especially important

in Mumbai’s row homes

with shared side walls. Their design

philosophy focuses on seamlessly

blending interiors with the natural

surroundings, generating a beautiful

rhythm within small plots.

The sustainable elements included

in this home demonstrate Studio MAT’s

commitment to environmental respon-

sibility. Solar power and rainwater

collecting technologies lower the

building’s carbon footprint while

increasing resource efficiency. A three-

layer facade reduces direct sunlight,

prevents dust, and promotes natural

ventilation, improving both energy effi-

ciency and aesthetic appeal. Internal

wall surfaces with lime plaster wash

improve passive cooling, reducing

dependency on artificial cooling

systems and providing year-round

comfort. The exquisite bamboo screens

not only provide shade but also

enhance the building’s visual appeal.

Studio MAT’s solar power system,

designed for efficiency and cost-effec-

tiveness, generates surplus electricity,

offering both financial savings and

environmental benefits. Their solar

water heater reduces reliance on

conventional water heating methods,

conserving energy and reducing utility

costs. Moreover, underground water

storage tanks for rainwater harvesting

significantly reduce water wastage,

ensuring a reliable water supply

throughout the year. Located in

Mumbai, Maharashtra, this exemplary

project showcases the potential of

sustainable design to reshape our

cities for a greener, more resilient

future.

HOW MUMBAI’S

RESIDENCE

EMBRACES

SUSTAINABILITY

Location

Design Team & Lead Architect Designer

Architects

Area Social Media

Year

Mumbai,

Maharashtra,

India

Ar. Harsh Soneji, Ar. Pratha Bhaga

Studio MAT

2300

sq.ft.

https://www.

instagram.com/

studiomatarchi-

tects/

2023

Bridging Customers & Realty

n the dynamic world of

Indian real estate, distribu-

tion management is a key

player, ensuring proper-

ties, information, and

resources flow smoothly.

Its importance cannot be over-

stated, driving market reach,

resource allocation, and risk miti-

gation. Let’s delve into why effec-

tive distribution management

matters, the challenges it poses,

and practical examples of its

impact.

The Power of Effective

Distribution

Distribution management is at

the core of ensuring real estate

projects connect with potential

buyers, investors, and tenants.

By strategically disseminating

information across various

channels like online platforms,

broker networks, and targeted

marketing, distribution

enhances visibility and engage-

ment. A well-distributed project

listing, for instance, attracts

more inquiries and speeds up

sales.

Furthermore, effective distri-

bution optimises resource alloca-

tion, making sure marketing

budgets, manpower, and time are

used efficiently. Instead of scat-

tered efforts, targeted digital

marketing campaigns deliver

better results. With data-

driven decisions, real

estate entities

manage resources

smartly, reducing waste and

maximising returns.

Navigating Challenges

However, distribution manage-

ment in real estate isn’t without

its hurdles. India’s real estate

market is diverse and fragmented,

requiring tailored strategies for

different cities, regions, and prop-

erty types. Regulatory compli-

ance adds another layer of

complexity. Aligning distribution

practices with local regulations

and property laws is crucial.

Understanding state-specific

processes and tax implications is

essential for smooth operations.

Technology integration also

presents challenges. From prop-

erty portals to CRM systems,

technology needs seamless inte-

gration for optimal efficiency.

Real estate companies adopting

advanced tools streamline lead

management and improve

follow-up mechanisms.

Real-Life Examples

In navigating these complexities,

practical examples serve as

guiding lights. Digital platforms

like Magicbricks and 99acres play

a crucial role in amplifying project

visibility. Local brokers and

agents offer personalised service

and valuable insights. Social

media marketing on platforms

like Facebook and Instagram

allows targeted advertising and

consumer engagement.

The Guardians Real Estate

Advisory: Pioneers of

Change

Amidst the realm of innovation

stands The Guardians Real Estate

Advisory, spearheading trans-

formative marketing and distribu-

tion strategies. The firm’s

pioneering approach and forward-

looking vision have propelled it to

the forefront of the industry. In a

fiercely competitive landscape,

The Guardians’ strategic acumen

and customer-centric ethos have

revolutionised the real estate

marketing landscape. Through

groundbreaking campaigns and a

robust distribution network, The

Guardians have elevated brand

visibility and empowered clients

to make informed decisions.

Looking Ahead

As we move forward, adaptability

remains key. In a constantly

changing landscape, distribution

strategies must evolve. By

embracing innovation, leveraging

technology, and focusing on

customer satisfaction, distribu-

tion managers drive sustainable

growth and competitiveness.

In essence, distribution

management is the foundation of

success in real estate. Through

strategic planning and unwa-

vering commitment, distribution

managers shape narratives of

triumph amidst challenges. As

Indian real estate progresses,

distribution management stands

as the guardian of prosperity and

possibility.

UNDERSTANDING DISTRIBUTION

MANAGEMENT’S IMPORTANCE:

NAVIGATING THE COMPLEXITIES

Bridging Customers & Realty

MARKET

TRENDS

In the vibrant landscape of

the Indian residential

market, where every

quarter tells a tale of

resilience and growth,

January-March 2024

stands as a testament to

the unwavering spirit of

progress. With sales

surging across most

markets and a notable

spike in premium segment

transactions, the journey

toward recovery continues

unabated. Despite

challenges, the industry

marches forward, fueled by

positive sentiments and a

robust economic backdrop.

As we navigate through

shifting trends and evolving

consumer preferences,

each quarter paints a

picture of opportunity,

innovation, and relentless

pursuit of excellence.

SAURABH PHULL,

Chief Operating Officer,

The Guardians Real Estate Advisory

Bridging Customers & Realty

I am planning to buy a property in Mumbai which I am getting

at a cheaper rate. However, the owner does not have all the

original documents in place. Is it safe to buy such a property?

(Vipul Tambade

Bhayandar East)

I have misplaced my property

papers. What steps should I

take to obtain the original

documents again?

(Somnath Sarode

Andheri West)

Vinod Sampat: In case you are purchasing a property without having

original documents of title, then you are taking a great risk. There is a

possibility that third-party rights might have been created and the

documents have been mortgaged. I will not advise you to proceed with

the transaction, presuming you are interested in purchasing the

property and if the person is known to you, then you may insist for a

police complaint as well as an indemnity bond. Please note that even

if you have taken an indemnity bond, your remedy will be against the

vendor and not against the prospective purchaser.

Vinod Sampat: In the event you have misplaced

the property documents, then you are advised to

issue a public notice. You are advised to take a

search of the property if any third-party rights

are created in the same property. You are also

requested to get a copy of the original documents

from the vendor so that can help you when you

are trying to dispose of the same property.

the transaction, presuming you are interested in purchasing the

property and if the person is known to you, then you may insist for a

police complaint as well as an indemnity bond. Please note that even

if you have taken an indemnity bond, your remedy will be against the

vendor and not against the prospective purchaser.

search of the property if any third-party rights

are created in the same property. You are also

requested to get a copy of the original documents

from the vendor so that can help you when you

are trying to dispose of the same property.

Vinod Sampat, a seasoned advocate with over three decades of legal practice,

specialises in property law. His expertise extends to various facets of property matters,

making him a distinguished figure in his field. With a prolific writing career, Sampat has

authored numerous articles and penned over 100 books covering topics such as cooperative

societies, transfer of flats, recovery of dues, registration, and stamp duty. His extensive

knowledge and dedication to his craft have earned him recognition as a trusted authority in the

legal community.

CONSUMER TIPS