Broker sentiment in NCR.

Q: Why property brokers are shutting down their business in Gurgaon & Noida ?

Tushar Sinha, Delhi-NCR

19th March 2015

Real estate News in Delhi

brokers and agents misuse

noida real estate news

delhi real estate market

gurgaon real estate market

brokerage firm in delhi ncr

commission payment

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Replies (2)

Hi Mr Tushar,

Generation in variety of brokers within the market and delay in project completion are the 2 major factors stopping payments of brokers. Developers do not care as they need several choices to travel to within the market. The commission payment time that was around twelve months earlier has gone up to twenty four months currently for the corporate. Brokers are receiving the money for the work wiped out 2012 currently.

Tamal, Delhi-NCR

19th March 2015

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@ Mr Tushar,

As per my knowledge, illiteracy within the brokerage business joined of the foremost factors for payment delays. Many brokers don't seem to be able to impose their right over builders in a very correct method owing to lack of education, and so finally got to shut their businesses owing to lack of funds.

Sukhpreet, Delhi-NCR

19th March 2015

@ Tushar,

It is true that, anyone can become a broker these days, while not correct certification for the duty. This results in them obtaining mislead by builders. The tight condition of the builders for commission payment delays. Builders are currently selling 100 flats per month, against 500-600 flats they sold-out during a smart market.

lekshmi.sanjeev@ymail.com, Delhi

20th March 2015

@ Tushar,

The urban center NCR market has been affected the foremost by the important estate lag, with the region witnessing all-time low housing absorption during a decade with sales volume declining by 43 % year-on-year in 2014. This slow absorption resulted during a vast inventory pile-up with NCR having a QTS (quarter to sell) or the time taken to sell entire inventory of 14 quarters.

James, Delhi

21st March 2015

@ Mr Tushar,
In my point of view, commission payment options last within the priority list of builders. there's no correct system for commission payments and brokers are the primary to be wedged if any issue crops up with a project. Brokers are facing immense issue of half payments, that ends up in the cash obtaining accumulated and delayed. If this trend continues, it's getting to have an effect on the whole Indian Real Estate Market.

Richa, Delhi

22nd March 2015

Hi Tushar,
Real estate, once a booming business, has currently changed into a site for brokers in Noida and Gurgaon. As per my opinion, project delays and a severe liquidity crunch within the market appear to own delayed their commission payments, forcing several little brokerage companies to shut shop.

Rajesh, Delhi-NCR

19th March 2015

Comment

Hi Tushar Sinha,

A long-standing delay in payment of commission by developers is pushing brokers towards the sting because the amount was an outsized one. According to me, lack of correct protocol for commission payments, illiteracy within the brokerage business and handiness of the many choices within the markets are cited because the major reasons for brokers having a lower hand in these deal. Brokers generally charge developers around 2-3% as commission.

Raj Roy, Delhi

19th March 2015