Business practices in India
Business practices in India are undergoing a massive transformation. The common man of today expects something more from the big business houses. The common man is not willing to compromise on quality and prompt services.
Take the example of how real estate business is practiced in India. Changing aspirations and higher disposable incomes have caused a sea change in the type of housing available in India.
In recent years, the real estate market in India has undergone a tremendous transformation, with growth extending not only to real estate, but also to the cities and towns themselves. These areas have come to life and offer lifestyles that the average homebuyer could not have dreamed of even a decade ago.
The growth of these areas has had an exponential effect on the urban landscape and its corresponding infrastructure. The need for better infrastructure began to be felt and is gradually beginning to take shape: the many flyovers that have already made travel within cities easier.
Places once considered the slums are the newest luxury addresses. Today the builders provide the complexes with gardens, swimming pools and gymnasiums. Everyone these days seems to be looking for a lifestyle home and every builder today promises and delivers exactly this. Developers in India have built a house where you can park your car right outside your house on the 22nd floor. This is keeping in mind the space constraints faced by every city.
So what is it that suddenly brought India with global standards and where is all this demand coming from? Three factors have played a key role in this demand for lifestyle homes: the fact that people are buying homes at younger ages than ever before; its exposure to international trends; and higher disposable income.
Developers are also preparing to meet these evolving needs, resulting in a transformation in the very nature of the real estate industry. Luxury has become comfortable living and builders and developers are cashing in on this idea.
Business in India is conducted as per public demand. In a market where the basic product is similar, ultimately the key is the ability to fully understand customer needs and structure added value. It is with this thought in mind that developers constantly try to innovate, based on constant interaction with the client. Business in India is conducted on these lines; To be successful, offer not only the best possible service, but also value-added features and benefits.