Is Construction Quality worrying the property seeker of today? IN LIGHT OF THE RECENT BUILDING COLLAPSE IN CHENNAI, INDIAPROPERTY.COM CAPTURES BUYER SENTIMENT
Nov 11, 2014
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
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
Respondent break-up: City-wise
4%11%
42%15%
8%
3%
4%
13%
Delhi - NCR
Mumbai
Chennai
Bangalore
Hyderabad
Kolkata
Pune
Others
90% of property seekers were aware of the Chennai building collapse incident
90%
10%
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
59% of property seekers think an independent and unbiased certifying body may be able to prevent such accidents
Yes59 %No
17%
Not Sure24%
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
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
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
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
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%
Thank you.