{"id":9,"date":"2016-07-31T04:18:27","date_gmt":"2016-07-30T22:48:27","guid":{"rendered":"https:\/\/settlin.in/blog\/2016\/07\/resale-the-reality-of-realty-1eadfde0a1b1\/"},"modified":"2020-05-28T11:51:03","modified_gmt":"2020-05-28T06:21:03","slug":"resale-the-reality-of-realty","status":"publish","type":"post","link":"https:\/\/settlin.in/blog\/resale-the-reality-of-realty\/","title":{"rendered":"RESALE\u200a\u2014\u200aThe Reality of\u00a0Realty"},"content":{"rendered":"

I have subscribed to Google news on real estate. I get around 6 news items daily. But since the last 6 months, of the 1080 articles, I have not seen more than 3 articles on the secondary markets.<\/p>\n

\"Settlin\"
Resale markets are unable to compete with the\u00a0primary<\/figcaption><\/figure>\n

Secondary market\u200a\u2014\u200awhat and\u00a0why?<\/h4>\n

Secondary real estate market comprises of everything that\u2019s not primary. It is an anti-definition, but a lot easier to understand. Primary market is the market of all newly built apartments which are being sold by the developer himself.<\/p>\n

So secondary market is everything else. Any house, plot, apartment, villa, sold by any individual owner constitutes a secondary or resale transaction.<\/em><\/p>\n

That sounds big, doesn\u2019t it? It is.<\/p>\n

In Bangalore alone, 60% of all the transactions are resale. Now think of the Tier II, III, IV\u2026.. cities, where there are hardly any developers.<\/p><\/blockquote>\n

How is resale in real estate different<\/h4>\n

The simple truth is that land is a finite commodity. Builders can buy ( a resale transaction in itself! ), build and sell. But it will again be sold by the owner. In the end, during the lifetime of a property, while a primary transaction happens once, the secondary transaction may be done at least 3 times.<\/strong><\/p>\n

Additionally, real estate is the only commodity where resale prices are higher<\/strong>!<\/p>\n

This means that if a flat is being sold at \u20b9 100 by the builder, in its lifetime, it will further attract at least \u20b9 1000 investment.<\/p><\/blockquote>\n

Still resale is neglected<\/h4>\n

Because 100 is lot more easier to track and invest than the 500.<\/p>\n

    \n
  1. Lack of organization
    Builders have lobbies, individuals don\u2019t.<\/li>\n
  2. No institutional investment
    All resale properties are localized single entities.<\/li>\n
  3. Scattered data
    The sales are huge, but non-uniform and scattered. Most of the state governments have e-records for land, but in different formats and not integrated.<\/li>\n
  4. Data is unavailable to public
    An RTI will not get you the data from sub-registrar offices. They keep records as isolated transactions, and it will cost a fortune to organize them.<\/li>\n<\/ol>\n

    The outcome of\u00a0neglect<\/h4>\n

    A resale transaction becomes extremely difficult. While primaries are being done at a button click, the resale takes months to happen. A resale transaction is 100 times more effort and time than a primary one.<\/p>\n

    Restore the\u00a0balance!<\/h4>\n

    Let\u2019s bring resale in the limelight.<\/p>\n

    Thank you media, builders, brokers and classifieds! You have deliberately left a space that has so much potential. We, at Settlin, will definitely leverage it.<\/p>\n

    Data and transaction, both are equally crucial for this market. We are handling them both in an innovative way. By June 2017, entire Bangalore will experience hassle-free resale transaction at their finger tips.<\/p>\n

    \"Settlin\"
    Resale markets are unable to compete with the\u00a0primary<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

    I have subscribed to Google news on real estate. I get around 6 news items daily. But since the last 6 months, of the 1080 articles, I have not seen more than 3 articles on the secondary markets. Resale markets are unable to compete with the\u00a0primary Secondary market\u200a\u2014\u200awhat and\u00a0why? Secondary real estate market comprises of […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,14,2,13,12],"tags":[],"class_list":["post-9","post","type-post","status-publish","format-standard","hentry","category-bangalore","category-owner-property","category-real-estate","category-resale","category-secondary-markets"],"yoast_head":"\nRESALE\u200a\u2014\u200aThe Reality of\u00a0Realty - Settlin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/settlin.in/blog\/resale-the-reality-of-realty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RESALE\u200a\u2014\u200aThe Reality of\u00a0Realty - Settlin\" \/>\n<meta property=\"og:description\" content=\"I have subscribed to Google news on real estate. 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Still they can be bought at a lot cheaper prices.Housing is down, but Settling is\u00a0up Properties were a sought after investment commodity not more than a year ago. They still are in many Tier III pockets of the\u2026","rel":"","context":"In "Buy Property"","block_context":{"text":"Buy Property","link":"https:\/\/settlin.in/blog\/category\/buy-property\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":841,"url":"https:\/\/settlin.in/blog\/modernizing-real-estate-resale-a-game-changer-for-home-buyers-sellers\/","url_meta":{"origin":9,"position":1},"title":"Modernizing Real Estate Resale: A Game-Changer for Indian Home Buyers and Sellers","author":"Gaurav Pandey","date":"August 7, 2024","format":false,"excerpt":" Resale is the largest segment of the residential real estate market in India. It is already more than double the number of new sales in Bangalore and is growing as the city expands. 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Do you know why? Is it just nostalgia for homes that have been loved before, or is there something more practical at play? With so many advantages, it\u2019s no wonder people are drawn to homes that\u2026","rel":"","context":"In "Bangalore"","block_context":{"text":"Bangalore","link":"https:\/\/settlin.in/blog\/category\/bangalore\/"},"img":{"alt_text":"India\u2019s Shift Towards Resale Real Estate","src":"https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/four.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/four.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/four.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/four.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/four.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/four.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":245633,"url":"https:\/\/settlin.in/blog\/indias-shift-towards-resale-2\/","url_meta":{"origin":9,"position":3},"title":"When Buying for Self-stay, a Resale Property is Always Better","author":"Revanth R","date":"May 26, 2025","format":false,"excerpt":"When planning to buy a house, have you found yourself weighing the options between a newly built home and a resale property? Here's a surprising fact: over two-thirds of homebuyers opt for resale properties. Simply because resale homes almost always offer: Better livability, Better returns, And lower risk\u00a0 Let's explore\u2026","rel":"","context":"In "Bangalore"","block_context":{"text":"Bangalore","link":"https:\/\/settlin.in/blog\/category\/bangalore\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/05\/Why-resale-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/05\/Why-resale-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/05\/Why-resale-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/05\/Why-resale-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/05\/Why-resale-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/05\/Why-resale-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":245475,"url":"https:\/\/settlin.in/blog\/old-really-is-gold-in-real-estate\/","url_meta":{"origin":9,"position":4},"title":"Old Really is Gold in Real Estate","author":"Revanth R","date":"March 13, 2025","format":false,"excerpt":" When you think about buying a home, what\u2019s the first thing that comes to mind? 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It's time to think again. With housing prices consistently outpacing salary growth, waiting too long could cost you more than expected. However, this doesn't mean homeownership is out of reach. Here's a thought: instead of waiting\u2026","rel":"","context":"In "Bangalore"","block_context":{"text":"Bangalore","link":"https:\/\/settlin.in/blog\/category\/bangalore\/"},"img":{"alt_text":"Invest in Real-Estate today to buy your dream home tomorrow","src":"https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/final-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/final-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/final-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/final-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/final-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/settlin.in/blog\/wp-content\/uploads\/2025\/03\/final-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_likes_enabled":false,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/posts\/9","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/comments?post=9"}],"version-history":[{"count":1,"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/posts\/9\/revisions"}],"predecessor-version":[{"id":128,"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/posts\/9\/revisions\/128"}],"wp:attachment":[{"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/media?parent=9"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/categories?post=9"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/settlin.in/blog\/wp-json\/wp\/v2\/tags?post=9"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}