In today’s scenario where consumer is considered the market king, one cannot take the risk to under-satisfy this purchasing-power giant even by an atom. In order to ease producers under such stiff circumstances some set standards were integrated helping them creating consumer favorable products. But over the time these standards changed with each passing crossing.
Even the real estate sectors haven’t remained untouched from this multi-standard environment. With global standards varying as much as 27% in residential apartments and 58% in residents home (according to recent RICS report).
Therefore, in order to bring uniformity and consistency in residential property standards globally an international alliance of eighty property firm has launched – Global Standards for Measuring Residential Buildings.
With the implementation of these new global standers the Indian real estate sector will come at par with the high international construction practices. Thus, delivering high quality product to the consumer and ending the long grown confusion among the investors and occupiers in regard to standards that differ from market to market.
