is construction quality worrying the property seeker of today?
DESCRIPTION
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.TRANSCRIPT
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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
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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
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Respondent break-up: City-wise
4%11%
42%15%
8%
3%
4%
13%
Delhi - NCR
Mumbai
Chennai
Bangalore
Hyderabad
Kolkata
Pune
Others
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90% of property seekers were aware of the Chennai building collapse incident
90%
10%
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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
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59% of property seekers think an independent and unbiased certifying body may be able to prevent such accidents
Yes59 %No
17%
Not Sure24%
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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
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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
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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
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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
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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%
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Thank you.