MAM
Brands need to keep the customers at the centre: Ray Velez
VARCA: At Goafest 2013, Razorfish chief technology officer Ray Velez explained how a company should organise a brand around the consumer by busting silos and applying the principles of agile development across one‘s business.
“A brand should always keep his customer at the center. One‘s organisation must be structured around the customer that will in a way help in building relationship with him. A marketer should plan his strategy based on the data from the actual customer activity and also understand that customer will give a feedback whether you like it or not,” he said, while talking about the five principles one should embrace in order to evolve their business to deliver new customer experience.
He also said a marketer should measure the data and see how to maintain the interactivity with the costumer. “Think of your brand as a service,” he emphasised.
He added that a customer should be serviced well so that he comes back. One needs to fulfill consumer needs which will henceforth enhance customer relationship and deliver happiness. Loyal customers buy 75 per cent more than the others, Velez mentioned.
Velez also added about how to thrive in our age of disruption. He highlighted on how the lines have blurred with technology, media, and creativity coming together, and how this shift is revolutionising marketing and business strategy.
“Convergence of technology, media and creativity allow you to imagine, create, and enable customer experience like never before. Media allows a two way communication through a hash tag which is a way for a customer to talk back. Creativity can come from anywhere and everywhere. And these are the provisions that technology provides,” he said.
Vezel believes that it‘s all about telling a brand story and providing an experience in a whole new way.
“Simple plug in buttons such as Facebook‘s “Like” and “Share,” Google‘s “+1,” and Twitter‘s “Tweet” and “Follow” dramatically lower the barrier to users sharing content from one‘s site out to their entire social graph,” he added.
Social cloud services provide digital experiences or web properties with the ability to connect up with Facebook, Twitter, LinkedIn, Google, Microsoft and other social services.
These services come in the form of Application Programming Interfaces (APIs) that a technologist can integrate. Whether a digital experience is a mobile application or a traditional desktop site, these APIs are available.
According to Velez, one should create a 360 degree view of the consumer with analysing his media exposure, offline consumer data and the website behavior. ‘Data is something which tells you what your customer wants. Also, employ agile methodology and rapid prototype,” Velez said.
Velez said that one needs to embrace the diversity of culture and other diversities in order to deliver new customer experience. He picked a statement from Frans Johansson‘s book The Medici Effect saying, “When you step into an intersection of field, disciplines of culture, you can combine existing concepts into a large no. of extraordinary new ideas”.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
