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Is Construction Quality worrying the property seeker of today? IN LIGHT OF THE RECENT BUILDING COLLAPSE IN CHENNAI, INDIAPROPERTY.COM CAPTURES BUYER SENTIMENT

Is Construction Quality worrying the property seeker of today?

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In light of the recent building collapse in Chennai, IndiaProperty.com captures the buyers' sentiments through a pan-India survey. We provide useful answers to the burning questions raging in every home buyer’s mind.

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Page 1: Is Construction Quality worrying the property seeker of today?

Is Construction Quality worrying the property seeker of today?IN L IGHT OF THE RECENT BUILDING COLL APSE IN CHENNAI, INDIAPROPERTY.COM CAPTURES BUYER SENTIMENT

Page 2: Is Construction Quality worrying the property seeker of today?

Sample and Demographics Sample Size : 899

Survey conducted between 9th July to 14th July

34% of the respondents were above the age of 46

~40% between 25 -35 years of the age

86 % of the respondents were males

Page 3: Is Construction Quality worrying the property seeker of today?

Respondent break-up: City-wise

4%11%

42%15%

8%

3%

4%

13%

Delhi - NCR

Mumbai

Chennai

Bangalore

Hyderabad

Kolkata

Pune

Others

Page 4: Is Construction Quality worrying the property seeker of today?

90% of property seekers were aware of the Chennai building collapse incident

90%

10%

Page 5: Is Construction Quality worrying the property seeker of today?

22% of property seekers expect the government to ensure continuous site check by approved engineers

22%

15%

11%11%

16%

21%

4%

Continuous site check by approvedengineers

Setting up of a regulatory body

Speedy investigation and trialprocess

Builders and contractors should betried for mass murders

Heavy penalty for faulty builders

Cancelling of license for such builders

Page 6: Is Construction Quality worrying the property seeker of today?

59% of property seekers think an independent and unbiased certifying body may be able to prevent such accidents

Yes59 %No

17%

Not Sure24%

Page 7: Is Construction Quality worrying the property seeker of today?

43% of the property seekers hold Government responsible for builders’ act of not following the approved structural plan

43%

39%

2%

12%4%

Government

Builders

Buyers

Contractors and Sub Contractors

Others

Page 8: Is Construction Quality worrying the property seeker of today?

87% of property seekers feel that incidents such as these affect their sentiment and trust in realty sector

87%

6%7%

Yes

No

Can't Say

Page 9: Is Construction Quality worrying the property seeker of today?

53% of property seekers feel that it’s not only small developers that deliver substandard quality

53%

28%

19%

Yes, only small developers build substandard buildings

Can’t comment on the same

No, it’s not only the small developers that build substandardbuildings

Page 10: Is Construction Quality worrying the property seeker of today?

Top reasons for builders not adhering to quality constructions

29%Corruption in approval

process

9%Increase in raw material

cost

33%Builders and Contractors wanting

to make higher profits

14%Builders subletting workto multiple contractors

15%Lack of skilled work force in the

construction industry

Page 11: Is Construction Quality worrying the property seeker of today?

62% of property seekers living in apartments face everyday issues like water seepage because of low construction quality

Yes62%

No12%

Don't live in an apartment

26%

Page 12: Is Construction Quality worrying the property seeker of today?

Thank you.