Monday, December 21, 2015

Extortion Expo at VITs Hotel, Pune

Right Priced Homes That Guarantee Appreciation:


Right Priced Homes That Guarantee Appreciation

On 19th & 20th December, Times Investment Festival 2015 Property Expo was organized at VITs Hotel.

The theme of this exhibition was - Right Priced Homes That Guarantee Appreciation.

The exhibition was organized by Pune Times Mirror, Maharashtra Times, Aquarius Ventures.

Does it mean that Pune Times Mirror, Maharashtra Times, Aquarius Ventures were giving assurance that every property offered was priced rightly?

Does it mean that if the properties do not appreciate - you can demand compensation from Pune Times Mirror, Maharashtra Times, Aquarius Ventures?

If Pune Times Mirror, Maharashtra Times, Aquarius Ventures are not giving assurance about the property price & are not going to compensate you if the properties do not appreciate - why did they claim in the ad - Right Priced Homes That Guarantee Appreciation?

Only to mislead Pune property buyers?

We all know that real estate is a criminal enterprise.

Are Times Mirror, Maharashtra Times, Aquarius Ventures part of it?

Who will end extortion of Pune property buyers?


According to the news, Chief Minister of Maharashtra has taken an oath to end extortion of builders by the gangs of politicians & bureaucrats.

Do you think that anybody will come forward to end exhortation of Pune property buyers by the gang of builders & exhibition organizers?

No! No one will end extortion of Pune property buyers. They themselves have to end it.

The only way to end extortion is to refuse to give exorbitant property rates & the so called other charges - infrastructure charges - club house charges - premium for garden facing & amenity facing - floor rise - maintenance charges - MSEB charges - society formation charges - legal charges - xerox charges - cancellation charges - late payment charges etc.

But, if I refuse to give these charges - will the builder let me book a flat? Someone may ask.

No! That's why these charges are nothing but extortion!!

But, even if I refuse - someone else will pay - means the extortion will never end!! Some smart fellow will argue.

Yes! You are right!! We all have to stop!!! You have to start with yourself. You have to convince 3 of your friends to refuse to give these charges. And tell those 3 friends to convince 3 friends of theirs to refuse. Eventually, numbers will multiply. And the builders have to stop. (Jai Ho!) Because, real estate business runs on property buyers money! Look how many builders in Pune are on the verge of bankruptcy because most of us have stopped booking flats!

Property buyers have tremendous power. They can end extortion. On their own. They do not need any body's help to refuse to pay these charges.

Here are some examples of extortions - I found in Extortion Expo - organized on last weekend.

1) Sara Metro Ville Punawale www.sarabuilders.com

1 BHK Flat - Rs. 37.54 - 37. 96 Lakhs
2 BHK Flat - Rs. 52.30 - 52.93 Lakhs

1) Cancellation Charges - Rs. 1,00,000
2) Rate - Rs. 4,799 per sq.ft.
3) Infra Charges - Rs. 4,00,000
4) Floor Rise - Rs. 25 per sq.ft. after 4th floor
5) Garden Facing Premium - Rs. 100 per sq.sf.
6) Maintenance for 2 years - Rs. 3 per sq. ft. per month on saleable area
7) Society Formation - Rs. 20,000 before possession
8) Legal Charges - Rs. 10,000

2) Sara City Chakan www.sarabuilders.com

1 BHK Flat - Rs. 21.05 - 22.10 Lakhs
2 BHK Flat - Rs. 26.62 - 27.62 Lakhs

1) Rate - Rs. 3,100 per sq.ft.
2) MSEB & Other - Rs. 75,000
3) Development Charges - Rs. 50,000
4) Corpus Fund - Rs. 25,000
5) Maintenance - Rs. 28,032 - 37,488
6) Gram Panchayat Charges - Rs. 5,000
7) 1 % VAT & 3.625 % Service Tax Extra

3) Little Earth Kiwale www.littleearthpune.com

2 BHK Flat - Rs. 48.68 - 49.26 Lakhs
3 BHK Flat - Rs. 61.67 - 61.93 Lakhs

1) Rate - Rs. 3,996
2) Club House Membership - 1 Lakh
3) MSEB - Rs. 80,000
4) Society Formation - Rs. 30,000
5) Society Deposit - Rs. 10,000
6) Scanning Fees & Service Charges - Rs. 5,000
7) Maintenance for 2 Years - @ Rs. 1.5 per sq.ft.
8) Floor Rise - 4th - 6th - Rs. 50 per sq. .ft. / 7th - 9th - Rs. 150 per sq. ft. / 10th - 12th - Rs. 150 per sq. ft.
9) Garden Facing Premium - Rs. 100 per sq. ft.

4) Alassio Ressidency Ravet - 92257 22220 / 92252 99994

2 BHK Flat - Rs. 45.89 - 48.76 Lakhs

1) Rate - Rs. 4,111
2) Other Charges - Rs. 4 Lakhs
3) Miscellaneous Expenses - Rs. 15, 000
4) Maintenance for 1 Year - @ Rs. 2 per sq.ft.

5) Songbirds Bhugaon www.songbirds.in

Building No. 5 / 6
3 BHK Flat - Rs. 1.21 - 1.31 Crores

1) Rate - Rs. 5,600 per sq.ft.
2) Floor Rise - Rs. 25 from 3rd Floor
3) Infrastructure & Development - Rs. 6 Lakhs
4) Maintenance Deposit - Rs. 1,78,000 - 1,93,700
5) Club Membership - Rs. 2,29,00
6) Floor Rise - Rs. 25 per from 3rd Floor
7) Home Loans Only from the Builder Approved Banks
8) Interest of 18 % P. A. for All Late Payments
9) Cash Rs. 5,000 / 6,000 for Scanning & Xerox Charges

Songbirds 5 - Big Luxurious Apartments
3 BHK - Rs. 1.34 Crores
4 BHK - Rs. 1.57 - 1.68 Crores

1) Rate - Rs. 5,700 per sq.ft.
2) Floor Rise - Rs. 50 from 2nd Floor
3) Infrastructure & Development Charges - Rs. 8 Lakh
4) Maintenance Deposit - Rs. 1,95,300 for 3 BHK / Rs. 2,30,200 - 2,48,400 for 4 BHK
5) Club Membership - NO? WHY?
6) Home Loans Only from the Builder Approved Banks
7) Interest of 18 % P. A. for All Late Payments
8) Cash Rs. 5,000 / 6,000 for Scanning & Xerox Charges

6) Manas Lake Bhugaon www.manaslake.com

2 BHK Flat - Rs. 35.68 - 37.79 Lakhs

1) Rate - Rs. 4,400 per sq.ft.
2) Floor Rise - Rs. 25 from 3rd Floor
3) Infrastructure & Development Charges - Rs. 5 Lakh
4) Maintenance Deposit - Rs. 60,700 - 65,000
5) Interest of 18 % P. A. for All Late Payments
6) Cash Rs. 5,000 for Scanning & Xerox

7) Shubhangan Pirangut www.gangotree.co.in

C Wing
1 Room Kitchen - Rs. 21 Lakhs
1 BHK Flat - Rs. 24.62 - 25.33 Lakhs

1) Rate - 2,999 per sq.ft.
2) Infra - 2 Lakhs for 1 RK & 3 Lakhs for 1 BHK
3) Maintenance for 1 Year - @ Rs. 2.5 per sq.ft.


B Wing

1 BHK Flat - Rs. 27.72 - 28.24 Lakhs
2 BHK Flat - Rs. 40.10 - 41.89 Lakhs

1) Rate - Rs. 3,411 per sq. ft.
2) Infra - 3 Lakhs for 1 BHK & 3.5 Lakhs for 2 BHK
3) Maintenance for 1 Year - @ Rs. 2.5 per sq.ft.

8) Prem Mairah Residences Hinjewadi Phase 1 www.geetabuilders.in

1 BHK Flat - Rs. 39.23 - 41.95 Lakhs
2 BHK Flat - Rs. 48.33 - 67.75 Lakhs

1) Rate - Rs. 4,975
2) Development Charges - Rs. 3.75 Lakhs
3) Legal Charges - Rs. 46,068
4) Maintenance for 2 Years - Rs. 3 per sq.ft.

9) Golden Treasures Punawale www.garvedevelopments.com

1 BHK Flat - Rs. 35.1 Lakhs
2 BHK Flat - Rs. 55.28 - 55.91 Lakhs

1) Rate - Rs. 4,399
2) Infra - Rs. 3 Lakhs for 1 BHK & 3.5 Lakhs for 2 BHK
3) Maintenance for 1 Year - Rs. 2 per sq. ft per month

10) Sukhwani Panorama Sus www.sukhwanipanorama.com

2 BHK Flat - Rs. 56.14 - 66.21 Lakhs

1) Rate - Rs. 5,252
2) Infrastructure Charges - Rs. 4.25 Lakhs
3) Booking Amount - Rs. 5,17,500 Lakhs
4) Cancellation Charges - Rs. 50,000
5) Garden Amenity Facing Premium - Rs. 100 per sq. ft.
6) Floor Rise - Rs. 25 per sq. ft. per floor from 5th Floor
7) Maintenance for 2 Years - @ Rs. 3 per sq. ft. per month

11) Sukhwani Coloronic Ravet www.sukhwaniconstructions.com

2 BHK Flat - Rs. 63.49 - 63.82 Lakhs

1) Rate - Rs. 4,950
2) Infrastructure Charges - Rs. 4.5 Lakhs
3) Booking Amount - Rs. 5 Lakhs
4) Cancellation Charges - Rs. 1 Lakh
5) Garden Amenity Facing Premium - Rs. 100 per sq. ft.
6) Floor Rise - Rs. 25 per sq. ft per floor from 5
7) Maintenance for 3 Years - @ Rs. 3 per sq. ft. per month

12) Sukhwani Sepia Tathawade www.sukhwaniconstructions.com

2 BHK Flat - Rs. 67.14 - 71.71 Lakhs
3 BHK Flat - Rs. 85.70 - 93.61 Lakhs

1) Rate - Rs. 5,500
2) Infrastructure Charges - Rs. 4.5 Lakhs
3) Booking Amount - Rs. 5 Lakhs
4) Cancellation Charges - Rs. 50,000
5) Garden Amenity Facing Premium - Rs. 100 per sq. ft.
6) Floor Rise - Rs. 25 per sq. ft
7) Maintenance for 3 Years - @ Rs. 3 per sq. ft. per month


Related Stories:


5) Precautions & tips in Hindi about buying a flat in Pune real estate market, please, view the video of Mr. Vijay Sagar of Grahak Panchayat:




4) Visit KUL Ecoloch by Kumar Builders

3) Who is the instigator of the conspiracy against Kumar Builders?

2) About KUL Ecoloch flat buyers' agitation against Kumar Builders

1) KUL Ecoloch flat buyers protest against Kumar Builders

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



  

6 comments:

  1. CM protects the Extortionist, Looter Builders, the Pune flat buyers have to protect themselves... wonderful presentation...

    ReplyDelete
  2. One more property exhibition...LoL.

    " Right Priced Homes That Guarantee Appreciation"

    - If prices are going to increase tomorrow, why are builders selling it today ? Charity ? LoL.
    This is nothing but putting that property on buyers head & themselves exit as tomorrow if prices don't rise or even fall, builder won't be held responsible & it will be the buyer who will be left hanging with that property whose value would have fallen by then.

    "Because, real estate business runs on property buyers money! Look how many builders in Pune are on the verge of bankruptcy because most of us have stopped booking flats! Property buyers have tremendous power. They can end extortion. On their own. They do not need any body's help to refuse to pay these charges."

    - Spot on. Let me start from myself, don't know about the rest but atleast I have decided to boycott buying over-priced property in over-hyped Pune real estate market till some sense prevails in this property market.

    Real estate crash of 1997 remind us prices can fall by 50% :

    http://www.firstpost.com/business/looking-back-real-estate-crash-of-1997-remind-us-prices-can-fall-by-50-2357070.html

    http://indiatoday.intoday.in/story/real-estate-business-in-india-faces-unprecedented-crisis-as-prices-plummets/1/276369.html

    ReplyDelete
  3. All the properties listed above are at remotest location. Few of those sites were agricultural land few years back. Still if you visit the site locations you will feel that you reached some village. Buyers should think 100 times before putting hard earned money to such places. Again these extortion charges are additional burden. Cant imagine people living in such remote areas.

    ReplyDelete
  4. Go for ready built flats or resales.Half the problems in RE will get sorted out by this one step.
    Verify papers,check out the locations,facilities,road conditions,airport NOC where necessary for safe purchase.After all flat purchase will be your biggest financial outlay.With care and legal help you can have happy life in your flat.

    ReplyDelete
  5. Recently I visited a prelaunch scheme in Wakad and Sales man gave me 1000s of reasons justifying his rate of 5600.

    I quoted 4500 flat rate irrespective of 20th Fl.

    ‘’Builder’s salesman said, I am asking price which was 2 yrs old. I said I am asking price of next year today. If you want customer & deal to be closed now, then get back to me. He is thinking over it.  ‘’

    o If not you, then we have other many options to find another good schemes and will negotiate their. There are lots of new schemes in the Market which are going to be launched.

    Unless and until these builders give right value for money rates, All BUYERS should hold with their money.

    o Every Buyer has 10-20% initial booking amount and he is holding. A wait n watch game ! Awaiting to rate fall down. If these builders wants to make it a win-win situation, then they should drastically decrease rates by 20%.
    Then you will see miracle & boom again in Real estate market.

    ReplyDelete