Friday, February 17, 2017

Victims of delayed flat possession - you are invited!

Saturday, 18th February 2017, 11am – 1230pm,
Velocita Brand Consultants,
6th Floor, RamSukh House, Next to Sancheti Hospital,
Shivaji Nagar 411005:



Hello! A tech startup based out of Pune is working on creating a digital product to bring home buyers together on a platform to connect and engage with not only other buyers but also potentially their builder.

A research team on this project, is looking to connect with consumers in Pune who have booked a home but are stuck with delayed possession.

Whether your possession is delayed by a few months to a couple of years and you may have tried many ways to contact your builder or have taken legal steps, please, reach out.

The research team would like to meet you, to discuss your journey and the problems faced by you and your family. They are seeking valuable insight and inputs.

The focus group discussion will take place on Saturday, the 18th of February, at 11am – 1230pm at - Velocita Brand Consultants - 6th Floor RamSukh House, Next to Sancheti Hospital, Shivaji Nagar - 411005

Please confirm your participation.

Call - Kaajal Shaikh - 8308804957




Related Stories:


1) Don't book a flat in Pune till RERA is implemented

2) 5 Objections Against Maharashtra RERA Rules

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Thursday, February 16, 2017

Like Hinjewadi Techie Boys - I don’t Own a Flat - So What?

You only live once...



Hi Ravi,

I regularly follow your blog and I like your sarcastic style of writing. I have read several of your articles where you have highlighted the importance of living a quality life versus living a life under pressure to own a house as soon as possible at any cost in huge debt.

I think in life we have to make certain choices where we cannot achieve what others can because our circumstances are different. Mine is another such case.

I am an IT engineer and a daughter and a wife.

I am the only child of my parents so their entire responsibility is on me.

My parents are simple middle class people who worked hard, saved every penny so that they can give me a comfortable life and a good education.

They sacrificed nearly every personal need of theirs so that I can go to a convent school, become an engineer and have a happy childhood with all worldly comforts. Beautiful clothes, birthday gifts, toys, ice creams, picnics. Everything was for me and only me.

Until I graduated we lived in the heart of Pune city in our very old ancestral rented home.

They did not even buy a new flat within the city limits although they could have afforded it.

If they had bought that flat they would have had to cut out almost all the comforts from my life and a quality education.

So they bought a cheap apartment on the outskirts in a pathetic locality (just as a backup) while we continued to live in our ancestral home.

That 1.5 lakh difference mattered to them. And they made a choice. Me.

When I graduated eight years back we had to move out of our ancestral home.

Our backup apartment is on 3rd floor with no lift and my mother has health issues because of which she cannot climb those 3 set of stairs.

So eight years back, at the age of 22, I had to think about our future accommodation.

My starting salary at that time was 24K and rent was 7.5k.

My father retired around the same time with a government pension.

There was not enough money to buy a new flat within the city.

Options:


So there were two options.

Option 1: Save those 7.5k of rent for my future life and let my parents stay on the 3rd floor in a sad locality.

If I save the rent money I may even be able to buy a home inside the city in 7-8 years.

Or in that money I can have a lavish wedding.

Whatever!

My mother’s diabetes had impaired her health and climbing stairs would have been extremely difficult. She compromised saying “I won’t get out of the house much so I don’t have to climb the stairs”. From age 55 she would have been trapped in a house for months like a caged animal.

My father too was old. Neighbours were not nice. Water supply problems were there. Medical facilities, our relatives and all the other things that we were used to would have been unreachable for us.

Parents were ready (as always) to live that life as of course they don’t want their daughter to spend 7.5k every month.

Our scrupulous traditional middle class parents will never touch their daughter’s money!

Option 2: Spend the rent money, I will have fewer savings and let my parents live a decent life.

All their life they sacrificed and adjusted.

Don’t they deserve a good life at least during their last years?

Importance of TIME in life! YOLO!! (You only live once)

My parents are not going to have these last (healthy) years again!! Soon they will cross mid sixties after which they will be too old to even get out of the house.

This is the time window (55 to 65 years) when I can give them the lifestyle they deserve as the proud parents of a highly qualified daughter. So I take the decision and rent out an apartment (against my parents wishes).

Our backup apartment stays locked.

Eight years have passed and option 2 has worked out really really well!

How?

We live in a beautiful spot in Kothrud surrounded by greenery and beautiful bungalows.

My mother goes for walks every day since we live on the ground floor. She enjoys going to the market and being able to live a normal life.

My father is thrilled as there is a katta nearby where all the retired members like him meet in the evening.

All our relatives live nearby.

We live in a 30 year old 1 BHK and the floor tiles belong to the 70s era.

But the people here are so friendly we live like one big family.

I can get a flat on rent in a high rise in a cosmopolitan atmosphere in Baner or Wakad (where I would be very happy btw J ).

But here we are surrounded by Marathi families like ours.

There is an excellent hospital nearby.

The convenience, homeliness and the safety of the neighbourhood are important to me.

The society does not have amenities like swimming pool, club house but my home is filled with happiness.

Priorities:


Years passed, I got promotions and salary increased. I was easily getting home loan. 1 BHK was a piece of cake and 2 BHK was also possible.

But turns out not buying a flat was very wise.

There were many things that had to be handled first.

We planned our monthly budget well, saved most of my salary, spent smartly and also had a little bit of fun.

Four years back my mother had a heart attack. Several hospitalizations and a bypass surgery set me back by around 8 lakhs.

But that was easily managed. I was never tense about money and my parents were relieved that we don’t have to borrow from anyone.

I had managed my finances so well that I gifted my mother a pair of gold earrings 2 months after the surgery for a speedy recovery!

I am happy too!

I was able to save for my own wedding.
Since our wedding expenses were well within our reach we were able to enjoy it completely.

I have also been able to fulfill some of my dreams.
I am passionate about travelling and I have been to my dream destinations Himachal Pradesh, Kerala, Dubai and New York.

In these eight years I have lived a fulfilling life.
Dining out in fine restaurants, going for shopping in malls are some of the things we never thought we would do.

My folks are happy that I am able to have fun and don’t have to scrimp and save like a person in debt.
I do not frown like a debt ridden son when some unexpected expense turns up.
I have seen the scenes from movies\tv serials where the son reproaches his parents when any expense comes up as he has a big loan and says “Baba atta kasa shakya ahe! Tumhala kalat nahi ka loan ahe”. Way to go son!

This is what you give your parents in return for their entire life spent on you!!
Unbelievably, I have seen this scene in real life also in many homes!!!
These guys have a 2 BHK and a Sedan worth 10 lakhs but they will frown upon if their parents\wife have to have something basic.

There was a time when my parents made a choice between me and their dream home.

When I grew up I made a similar choice.

It’s okay if I don’t have my own flat at the age of 26 like IT engineers do.

I will have it when I am 35 or 40 years old.

But these 10 years of my life were important to me.

Spending on top notch medical treatment, living comfortably, travelling around the world, saving for my wedding, supporting my husband were my top priority.

All the while I am saving money aside for my dream house too.
I am halfway there, slowly and steadily I will get there.
You must work out a plan that suits your circumstances and live happily because you only live once.

Regards,

Are girls better home buyers than boys?:


In the last 10 years, I have talked to thousands of young first time flat buyers in Pune.

Out of them most of the boys were babies. Naive. Lacking worldly experience and understanding. Selfish. Irresponsible.

Against that the girls were wise, mature, responsible & caring ladies.

Like the girl in the above letter.

I am very much convinced that girls are not only better homemakers. The girls are smart homebuyers too.

What say you? Share your views in the comments, please.

Related Stories:


1) Intellectually Weaker Section (IWS) of Hinjewadi IT Engineers can learn a lot from this girl

2) Little Earth Covai Retirement Community Opens Admissions! Now, daughters can pamper their parents

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001