Property Decoder

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Property Decoder

Property Decoder

@PropertyDecoder

Decoding real estate beyond noise.

Earth Katılım Ağustos 2023
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Property Decoder
Property Decoder@PropertyDecoder·
So today, I introduce myself as Property Decoder @ Ground Lens — A dedicated consumer centric knowledge platform built to decode how real estate really works. For a long time, I myself have faced a massive gap between what’s projected and what’s real in Indian ‘Real’ Estate. What began as simple curiosity gradually became a deeper purpose – to decode what lies beneath the surface-level real estate chatter – full of overhyped narratives, speculative sales pitches, cherry-picking bias, inflated claims, tailored data – often supplied as “knowledge” or “insights.” Here's why I had to start this 👇( 1/n)
Property Decoder tweet media
Property Decoder@PropertyDecoder

🌻Announcement🌻 A Small Change, A Bigger Purpose After much thought (and a fair share of nervous excitement), I’m making a small but meaningful shift. I started this account on X with a simple intention: to share my learnings, question dominant narratives, and connect with people trying to make sense out of complexities around real estate in India, beyond just glossy brochures and narrative hype. Over time, I realised how one-sided and supply-driven most real estate discourse is, often fueled by FOMO, half-truths, greed, and promotional hype – majorly focusing on pushing sales rather than addressing buyers’ voice/needs or empowering them to take informed decisions. There were moments I genuinely considered stepping away. Because real estate has long been the most uncomfortable zone for me, not due to any problem wrt this need based asset, but because of the ecosystem around it which often feels opaque, fake and disturbingly anti-consumer. Yet, for many in the industry, that’s just business as usual. Though the presence of bad actors has made trust hard to come by, but those who bought wisely have fulfilled their needs and also seen real value creation over time. What kept me going, despite all the doubts and dilemmas, was the thoughtful support and encouragement I received from family, friends, and many of you who have been engaging with me since the beginning. Some even pushed me to take it a step further, to get my hands dirty and build something more meaningful. For that, I’m genuinely grateful. So today, I’m doing just that. Soon this account will no longer carry the name “Indian Real Estate Index.” It marks the beginning of a new phase - still rooted in the same core values: 👉 Clarity over noise 👉 Ground truths over narratives opium 👉 Putting the buyer’s voice first because that’s where I’ve mostly been If you’ve found value in what I’ve shared so far, I hope you’ll continue to be part of what’s next. The journey ahead is going to be more focused, more structured, and hopefully, far more impactful. 🙏 Thank you for reading, engaging, and helping shape this. See you on the other side :)

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Property Decoder
Property Decoder@PropertyDecoder·
@lalitadvani Maybe Mumbai based builders sell flats on the carpet area basis and charge CAM on CA as well. So people in other cities paying on super area basis, already be paying around 8+/sqft on CA.
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RandomAtom
RandomAtom@lalitadvani·
@PropertyDecoder South Mumbai has FM charges of 10-16 Rs. Most developers have their own FM companies.
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Property Decoder
Property Decoder@PropertyDecoder·
It's because facility management is turning out to be one of the good long-term revenue streams for builders. One senior person I know, who was managing facility management of one of Gurgaon's top builder's project, told me that builders take out ~ 20-25% of the maintenance revenue simply by awarding the contract to facility management companies. On top of that, facility management agencies may take out 15-20% more under builder-managed arrangements for complying to revenue-sharing setting, compared to when the same facility agency is managed by an independent RWA. So if these estimates are accurate, this facility management model could mean that 40-50% of the maintenance charges go towards intermediary margins and revenue-sharing, instead of the actual maintenance of the society. Maybe that's why many builders don't want to hand over maintenance operations easily even after project completion and continue to hold till RWAs get it back through legal fights. Because losing control could also mean losing a lucrative rent-seeking revenue stream.
N.Shekhar@shekharN_

Godrej Oasis Society, Gurugram have increased Maintenance charge from ₹5 to ₹8 / Sq feet, Residents opposing it. Meanwhile in Hyd, Charges are ₹2.5 / 4

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serLundry
serLundry@serLundry·
@PropertyDecoder Also so many NCR projects are delivered so late that builders lose money on completing the project. FMS becomes a nice stream for builders to recoup their costs and once they taste blood they don't want to let go.
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Street Frontier
Street Frontier@streetfrontier·
@PropertyDecoder Did not know such thing exists - in my experience, maintainence is done by residents themselves as part of society group
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Property Decoder
Property Decoder@PropertyDecoder·
@shekharN_ Several societies have increase coz of the same reason, but around 20-25% only
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N.Shekhar
N.Shekhar@shekharN_·
Godrej Oasis Society, Gurugram have increased Maintenance charge from ₹5 to ₹8 / Sq feet, Residents opposing it. Meanwhile in Hyd, Charges are ₹2.5 / 4
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Property Decoder
Property Decoder@PropertyDecoder·
Her observation is very much in line with the ground reality of Gurugram. Just move a few hundred meters inside the much-celebrated Golf Course Road, and the contrast becomes hard to ignore. Yesterday, while passing through Sector 56 market, saw cattle wandering around the shops, their front with stinking sewerage wetland, and dust blowing around everywhere. It made me stop, take this picture to record how despite being hyped so much in selling most costliest luxury housing, most of Gurugram is still stuck in Gur'gaon'.
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Madhusree Goswami@Madhusree24

It's year 2 of me living in Gurgaon, the so-called global city and here are a few observations. Trash is everywhere. On the streets, in front of homes, metro stations, malls. There are more thekas( shops selling alcohol) than pharmacies, and medicine shops. The closest pharmacy

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Rajesh Sawhney 🇮🇳
Rajesh Sawhney 🇮🇳@rajeshsawhney·
Son sent these cool pics from Amsterdam. And we are sweating in this damn heat in Gurugram. Hope it rains soon.
Rajesh Sawhney 🇮🇳 tweet mediaRajesh Sawhney 🇮🇳 tweet media
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Property Decoder
Property Decoder@PropertyDecoder·
Read about this case and know how some builders can effectively escape accountability simply by obtaining the OC through sweets exchange and handing over the keys to homebuyers, even when essential infra remains incomplete. In many cases, it's not just clubhouses or lifestyle amenities that are delayed. Even basic utilities such as water supply, power connection, backup etc remains incomplete, leaving residents to struggle for years. But how is this possible? Because builders know how to exploit loopholes in the rules and the system. Dragging residents through years of follow-up and litigation can become far cheaper than delivering everything they originally promised. This is precisely why stronger safeguards are needed. Like good part of builder's receivables should remain withheld until all promised infra, amenities, and common facilities are completed to the required quality standards and independently verified. If the builder fails to deliver within the stipulated timeline, the Homebuyers' Association should have the legal right to terminate the builder's role, use the withheld funds to complete the remaining work, and recover any additional costs from the builder. Because until the cost of non-compliance becomes higher than the cost of compliance, accountability in the real estate sector will remain the exception rather than the rule.
Property Decoder tweet media
Property Decoder@PropertyDecoder

How about linking atleast 25% of a homebuyer's payments to the actual quality of construction, instead of merely the project's construction progress till OC? Final instalments should be released only after the project has been delivered and its construction quality has been independently certified by a reputed third-party testing agency, not merely because an Occupancy Certificate (OC) has been issued by the authorities. Because we tend to see a lot that builders even after receiving OC, delivers project with sub-par finishing quality, opposite of what was shown in 3D renders. If builders are truly confident about the quality of what they deliver, they shouldn't have any objection to such a system. Govt. should do this. No?

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Property Decoder
Property Decoder@PropertyDecoder·
Everyone in our country knows that builders are rarely held accountable, whether for failing to deliver projects or for delivering poorly constructed, unlivable housing developments. Yet there are still some who keep defending and glorifying builders... sab inko de do ye manage karenge country... But when they can't even build the 'livable' homes they have taken advance money for, how can they be trusted to manage everything else?
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NDTV@ndtv

"Someone Could Have Been Killed": Noida Ceiling Collapse Triggers Outrage Online ndtv.com/noida-news/som…

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Property Decoder
Property Decoder@PropertyDecoder·
Looks like Lenskart moving HQ to Aerocity. TBO also did the same. There as news of Bharti moving too. I see several big companies following this trend due to ease of travelling locally, domestic and international too. Somehow if you notice, companies are now moving their HQ to Delhi, after long when many companies left Delhi for Gurgaon and Noida. So what they needed is the Grade A office with good connectivity.
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Noida_Updates
Noida_Updates@NoidaUpdatesX·
Recent leases in NCR (2-3 wks) Delhi Lenskart Aerocity Delhi 88k sqft TEC 1.1 lakh sqft Noida KPMG Global 1.1 lakh sq ft Indiqube 4 lakh sqft Gurgaon (on different world) LTI mind tree Unify apps Lloyd James Uniqus consultech Gallagher (risk mgnt) Publicis Payoneer GCC
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Property Decoder
Property Decoder@PropertyDecoder·
Justifying tower spacing through land economics points to financial constraints rather than good livability design. Land economics may explain why builders keep towers close together to control per-unit costs by building more units for the same open space. But how do you see towers getting taller with spacing remain largely unchanged or reducing it can lead to the impractical levels where privacy, daylight, and visual openness are compromised. And in this respect, many low-rise communities can outperform many skyscraper developments too. Hope the justification isn't simply that... you will only get this much at this price... I mean shouldn't there be defined adequate levels that every project must meet, instead of letting only land economics dictate the decent level of livability?
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HyderabadInsider
HyderabadInsider@HydSpeaks·
I never said it was enough. If you read my other comment here—or any of my luxury skyscraper reviews—you’ll see I appreciate wider spacing between towers. The difference is that skyscrapers can actually pull off huge open spaces without raising the per-unit cost to impractical levels. With villas/independent houses, tight spacing is a forced compromise because just two owners have to bear the insane land cost for any gap between their houses. Skyscrapers actually beat villas on this front hands down. These zoomed-out photos just create a completely false narrative.
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Abhishek Sharma
Abhishek Sharma@abshk_sharma·
Why waste land on gaps between buildings when you can just share Wi-Fi with your neighbor? They call this area Neopolis - a new city. #hyderabad
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Plus Point | India
Plus Point | India@PlusPointIndia·
📍Bhutani Cyberthum, Noida, India Bhutani Cyberthum in Noida features iconic twin 50-storey commercial towers connected by India's first "Mall in the Sky." Follow @PlusPointIndia
Plus Point | India tweet mediaPlus Point | India tweet mediaPlus Point | India tweet media
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HyderabadInsider
HyderabadInsider@HydSpeaks·
Your zoomed-out photo makes large 3BHK/4BHK flats look like tiny Lego pieces. If you fall for the scale illusion here, you'd think a toddler could pick up a few flats, let alone neighbours sharing WiFi. In objective reality, the gaps between these towers can easily accommodate lavish independent houses. I explained the scale illusion here: x.com/hydspeaks/stat…
HyderabadInsider@HydSpeaks

Don’t fall for the scale illusion! Can you tell from the attached image that the central lawn in the second layout is roughly the same size as the entire plot in the first? Most people can’t — because we view both large and small sites at the same display size (paper, smartphone, computer, etc.), which distorts the sense of scale. In small plots, the gaps between towers and open spaces look deceptively large; in large plots, those same gaps look deceptively small. The layouts in the image are Yula Globus Neo (4.36 acres) vs My Home Nishada (16.68 acres). This illusion only exists when we view layouts on a screen or on paper. It completely vanishes once we visit the site — which is one reason projects like My Home Bhooja gained much more traction once people started visiting in person, compared to when they were only looking at the site plan. Several large projects — such as Aparna Moonstone, My Home Sayuk, and Prestige City Apartments — are being underrated due to this scale illusion, while smaller projects are being overestimated.

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Property Decoder
Property Decoder@PropertyDecoder·
How about linking atleast 25% of a homebuyer's payments to the actual quality of construction, instead of merely the project's construction progress till OC? Final instalments should be released only after the project has been delivered and its construction quality has been independently certified by a reputed third-party testing agency, not merely because an Occupancy Certificate (OC) has been issued by the authorities. Because we tend to see a lot that builders even after receiving OC, delivers project with sub-par finishing quality, opposite of what was shown in 3D renders. If builders are truly confident about the quality of what they deliver, they shouldn't have any objection to such a system. Govt. should do this. No?
Haryana Development Index@IndexHaryana

🚨Haryana plans to link contractor payments with the quality of construction work, instead of only project completion.

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Property Decoder
Property Decoder@PropertyDecoder·
We are breathing poison, drinking poison, and eating poison. The fact that we are somehow surviving in this country is a miracle in itself. Perhaps it's time for builders to introduce super-ultra luxury housing with exclusive premium dairy farms, poultry farms, vegetable farms... all enclosed under giant bio-dome to breathe clean air, like constructed on Rocky’s home planet Erid in movie - Project Hail Mary.
The Better India@thebetterindia

79% of milk samples in Maharashtra failed purity tests. 🥛⚠️ That was enough for IAS Tukaram Mundhe to launch one of the state's biggest crackdowns on milk adulteration.🥛 In just 30 days, the FDA conducted 360 raids, filed 235 FIRs, arrested 350 adulterators, and sealed 274 illegal units. Even Mumbai's iconic K Rustom & Co. faced action over serious quality and hygiene violations. Transferred 25 times in 21 years, Mundhe continues to put public health above pressure and politics. Because every glass of milk should nourish, not harm. Do we need more such officers in every state? Tell us in the comments. @Tukaram_IndIAS #FoodSafety #PublicHealth #PositiveNews #MilkSafety #IASTukaramMundhe [Maharashtra Milk Adulteration Crackdown, IAS Tukaram Mundhe Food Safety Drive, Maharashtra FDA Milk Raids, Synthetic Milk Mafia Crackdown India, Milk Purity Investigation Maharashtra]

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Vishal Bhargava
Vishal Bhargava@VishalBhargava5·
Pune: India’s Most neglected major city
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Chinmay
Chinmay@chinya_9·
@PropertyDecoder @InspireeMilions @high24x7 Some builders have suspicious clauses in registration docs. Like need for Unanimous vote of society residents in case they want to change the org maintaining clubhouse. Builder can simply keep one flat with him and he owns the contract forever. @N0T_GlT_
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Nik
Nik@InspireeMilions·
Have been saying it for last couple of years, this is just beginning. Most residential under construction in Narsingi, Nankramguda, Tellapur, Kokapet, Gowlidodi, Manchirevula are yet to be delivered. ORR used to be smooth ride before covid because there were hardly any activity beyond Gachibowli. Now since they’ve given full hand on unlimited FSI in all new localities, its gonna kill that smooth ride experience ORR within just a couple of years itself. Miyapur, KPHB, Madhapur are already fully choked
Vijeth Kumar@Kuma50531Kumar

Hyderabad is moving towards overtaking Bengaluru in terms of traffic. Day by Day so many reels made on how bad Hyderabad traffic is turning out to be !!

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Property Decoder
Property Decoder@PropertyDecoder·
Builders here are doing very cleverly. Like when they launch project, they show the site plan with the towers and some open amenities (courts/kids play area etc) but club house area as some different land parcel, with separate access on sector roads, so that residents in future can't claim the club house as projects' exclusive entity. Even major builders like DLF has done this in their new project launches in recent years.
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Nik
Nik@InspireeMilions·
But I don’t think that is the case at least in MH. Now state govt even simplified more and conveyance deed is getting executed as soon as project is handed over to residents. Once conveyance deed is completed, builder loose all control on property here in MH. If builder doesn’t agree to do it, you can yourself file deemed conveyance and initiate process. I don’t know why its not a norm everywhere yet
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