Simmering quietly for long, the realty market is showing
signs of steam and this has egged on several real estate brokers to evolve into
developers. Brokers can be expected to succeed since they have had years of
experience understanding tricks of the trade from the developers’ perspective
while knowing all about customer experiences from dealing with buyers.
Most such brokers are startingwith small projects in cities
like Bangalore
and Mumbai, locating projects in low cost locations. These brokers are also
exploring other avenues such as partnerships with landlords and developers.
Silverline Realty in Bangalore
has implemented five residential projects in the city, a departure from its
brokering business. Prashanth Sambargi, a partner at Mars Realty is now
implementing small construction projects. In Bangalore alone over 13700 housing units were
sold in the first quarter of this year. The figures for Mumbai and NCR are
15500 and 26700, indicating a healthy boom and if brokers time it right, they
are the builders of tomorrow. Deepak Kohli of Deep Realtors who has gone this
route is being careful about delivering on time.
This new class of enterpreneurs knows all the ropes, has a
ready market and access to inputs as well as service providers.
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