Friday, June 26, 2015

Indian Realty Flash Sale - Fear, Farce & Tragedy

Pune builders & Pune property buyers are in deep trouble:



Recently I had a cataract operation. For some time, I was totally cutoff from Pune real estate market. Now, doctor has permitted to work for some time. On 919860044110 I have started offering advice about buying a home in Pune. I have started reading conversations of property buyers' groups on WhatsApp. I am back in the land of fear. I am back in Pune real estate market.

In this land of fear, every Pune property buyer is under never ending fear. Starting with fear of rising property prices. Fear of may not be able to own a home. Fear of delayed possession. Fear of poor construction quality. Fear of occupying a flat which has not received completion & occupancy certificate. Fear of no water supply. Fear about builder not forming society. Fear about builder not complying with the conveyance deed. Fear about not becoming a true owner of the property.

But you know what? When i visited Facebook, ePaperBeta.TimesOfIndia.com & Online3.eSakal.com I realized that the builders in Pune are also under never ending fear. Fear of inventory of unsold flats. 67,557 Unsold flats - 70.64 msf in Pune. Fear of getting wiped out of business. The builders in Pune are in fact more frightened than Pune property buyers. Particularly, the 'so called' big builders.

Unable to find a solution for getting out of the deep trouble, these builders have gathered together under the leadership of Mr. Sujay Kalele, CEO of Kolte Patil Developers Ltd. (Yes, both still exist!)

Our "channel partners" - means the estate agents - the brokers - are the main culprits. These channel partners on whom we were depending for so long have let us down. Because of these lazy channel partners we are not getting bookings. We have to get rid of these buggers. All big builders agreed.

We have to eliminate the human element from our business. Like all humans these channel partners are also filthy animals.

We are here to exploit all filthy animals on this earth.

To exploit these filthy animals we have to use technology. Digital marketing technology. Amuratech.

All agreed. No one objected.

Because everyone is in this business to exploit human beings. Not to join hands with them or to serve them.

But, there was one problem. The print media houses.

If we go digital the traditional print media houses will get angry with us. A few builders feared. After all these media houses have invested in these builders' companies.

Don't worry. We will give them their cut. Ads and paid news. It's a matter of our survival. Some builders assured.

But wouldn't it create an impression that all of us are in deep trouble? One builder objected.

Aren't we all in deep trouble? Someone said.

Launching big digital marketing campaign means accepting that all real world efforts failed miserably. One builder objected.

Don't be too realistic. Be digital. Go national. Go global. Go world wide web or go down the drain. Someone said.

All agreed. Indian Realty Flash Sale was announced. And the farce began.



Indian Realty Flash Sale created digital terror. Visit www.IRFS.in & short list the projects. Only a few units are available at discount. Digital discount coupons available from 25th. Download coupons. Rush to the sites in the next few days. If you are late you will miss the discount offer.

Digital terror creates digital anxiety. May make some anxious in real life too.

And those who are anxiety prone may visit the sites.

Will these anxiety prone guys book a flat?

No.

Why?

Because these guys will anxiously wait for more discount. More drop in property prices.

Now, these price conscious anxiety prone property buyers have the digital proof that Pune builders are in big trouble and they are ready to reduce the property prices.

If we don't book for a few more months - just 6 - 7 months - we can break the builders. We can force these builders to reduce the prices.

The price conscious property buyers will overcome their anxiety and will become brave. Thanks to that discouraging & disappointing experience of site visit.

Now, the long expected price correction looks possible - in very near future. These Pune property buyers will tell themselves.

And they will come to conclusion that - this is not the right time to book a flat in Pune real estate market!

Of course, all mainline news medias will publish the news stories about the huge response to Indian Real Estate Flash Sale. The so called news stories will talk about the number of digital discount coupons downloaded.

Because one can download as many discount coupons as one wants - for free - I have downloaded all Pune property coupons. The overall worth of my downloaded coupons's properties is a few crores. Means, a few thousand people are enough to claim a sale of a few crores. What a farce!


Some are not going to enjoy this farce. Particularly the investors and those who have already booked in these projects.

If a Pune builder can't sell under construction property at the current rate for payment in installments - who will buy from me - ready possession property - at the higher appreciated price - by one stroke - lump-sum - payment? Investors are worried. But this is not all.

These investors are always prepared for less appreciation. But not for loss. Though they know that loss & profit are two sides of the same coin.

However, no investor can think of losing his capital.

Because of the IRFS farce these investors will withdraw their investments as fast as they can.

But how many builders are in a position to repay the principal amount?


For the investors it's only about money. But for the actual home buyers, this farce is the confirmation of impending tragedy.

The good names will frighten him. Now, it's not only about big builders. Not only limited to Kolte-Patil, Amanora, Pride Purple, Tata Housing & Panchshil. Now, even Godrej, Nyati, Saarrthi, Kasturi & Nandan are also in the line. Sad. Very sad. He will say.

Will my builder be able to complete the project in which I have already booked a flat?

How can I keep on paying pre-emi & rent if my builder delays possession indefinitely?

Did I make a mistake of booking a flat at the launch of project?

Was it stupidity to go for a big brand in Pune real estate market?

If my builder reduces the property prices for new bookings - will I get that reduced rate - even if my flat agreement is registered?

What if my builder becomes bankrupt?

The actual home buyers who have booked the flats in Pune real estate market are worried.

But no sales executive or builder is available to answer his questions.

Or there is no digital answering system for these filthy animals on earth.

Related Stories:


9) Precautions & Tips for the First Time Home Buyers in Pune

8) 5 Reasons why you must not book a flat in Vastushodh Projects' UrbanGram & AnandGram

7) Eagle's Nest Tour

6) Dwarka Darshan

5) Pune Property Buyers, Hurry! Turn Your Home into Private Prison Cell

5) Are Pune property buyers so dumb?

4) Why did Kolte Patil Nest Fest 2015 receive such a huge response?

3) Pune real estate market has crashed - true or false?

2) Investing in Aapla Ghar Uruli Kanchan Lakeside

1) A Flat against PDC - PDC De Do, Flat Le Lo!

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



  

Tuesday, June 16, 2015

Form a group to develop your own housing scheme in Pune!

Sanjay Deshpande of Sanjeevani Developers (www.sanjeevanideve.com) shows how you can realize your dream of owning a home at an affordable price!


Happy Home Buyer at Davabindu
Davabindu Home Buyers' Representatives with Team Sanjeevani
Handing Over Ceremony of Davabindu at Sus

Recently Sanjeevani Developers (www.sanjeevanideve.com) gave possession of Davabindu at Sus Gaon. Davabindu is built for Jain IT professionals in Pune. Under the leadership of Apoorva, Abhishek & Shubham Jain,some 80 young IT Engineers had come together and formed Gyanoday Digambar Jain Society - An Initiative of Jain Sangh Pune Trust.

A day before the handing over ceremony of Davabindu, I visited the project with Sanjay Deshpande. Sanjay showed me the entire project and explained to me how he has planned and constructed it.

Sanjay called Davabindu a "designer housing project". A housing project designed keeping in mind the financial, social and spiritual requirements of the home owners.

On the day of the handing over ceremony, I witnessed how satisfied the group was. The handing over ceremony became a thanks giving ceremony. The builder handed over the project to the flat buyers' group. The flat buyers group thanked the builder for doing his job well. Yes. well and in time! For the after possession communication, the home buyers & builder formed a Whatsapp Group!



Since I have started this blog, I have seen many group housing initiatives. From Aarohi at Sus of ITWAP (IT Professionals Welfare Association Pune) to Insignia Housing Group of Hinjewadi IT Professionals. But for the first time, at Davabindu Sus, I witnessed the completion & handing over of the dream group housing initiative.

Obviously, I asked Sanjay,"What is the secret of success of Davabindu?"

"Communication, reasonable expectations & commitment!," Sanjay Deshpande said.

"What should be the minimum size of the group?," I asked.

"A group of 24 flat buyers!," said Sanjay.

"Forming a group of 24 sounds possible! Are you interested in building more group housing projects?," I asked.

"Why not! I am a builder. Facilitator. Construction service provider. If I get committed booking - I am ready to work on reasonable limited profits!," Sanjay said.

How about you? Would you like to form a group to develop your own housing scheme?

You can save money. Own a home of your dream. Enjoy a community of like minded neighbors.

Have a look at Davabindu & call Sanjeevani Developers - 101, Sujal, 100’ Riverside DP Road, Patwardhan Baug, Pune- 411052.
Phone:020-2543 4021 Telefax:020-2545 4757 E-mail:sales@sanjeevanideve.com Website www.sanjeevanideve.com



Related Story:


1) Precautions & Tips for the First Time Home Buyers in Pune

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



  

Monday, June 15, 2015

Precautions & Tips for the First Time Home Buyers in Pune

What is the right way to book a flat in Pune real estate market?


Sakal Big 3 Home Utsav 1
Sakal Big 3 Home Utsav 2

What? A deal - a discount - a free gift
- less down payment - 10 70 10 10 payment plan
- is nothing but the builders' new trick to rob the property buyers?

If it's wrong to book a flat in
Vastushodh Projects + Pate Developers + Mont Vert Luxury Homes = Big 3 Home Utsav,
Paranjape Schemes' Options Unlimited,
Kolte Patil Developers' Nest Fest,
Pride Purple Group's Tag Your Home Expo,
Maple Shelters' India Housing Day,
Darode Jog Properties EPL Offer - Exclusive Pre Launch Offer,
D. S. Kulkarni Developers' Aadhi Ghar Nantar Paise,
Naiknavare Developers' The Summer Home Carnival, etc.
- then - what's the right way to book a flat?

The first time home buyers gathered at the office of Grahak Panchayat on Paud Road, Kothrud, asked Mr. Vijay Sagar.


Mr. Vijay Sagar, Advisor - Grahak Panchayat Pune, shared the tips in Hindi. He talked about the precautions the first time home buyer must take. Starting from booking to the possession of the flat, Vijay Sagar talked about carpet area & property rates, infrastructure charges, maintenance charges, society formation and conveyance deed. Have a look at the video recording of this informal session and if you need any guidance feel free to contact Grahak Panchayat Pune.



Contact Grahak Panchayat Pune for Any Builder Related Problem:


1) Vijay Sagar 9422502315 - https://www.facebook.com/vijay.sagar.397501
2) Vilas Lele 09823132172
3) Srikant Joshi 09850059020
4) Seema Bhakare 09860368123

Visit Offices of Grahak Panchayat Pune at:


1) Off Tilak Road, Pune


Vedshastrotejak Sabha
Opp Hotel Vishwa, near Sarasbaug Pune
On Monday and Wednesday between 1800 to 1930 hrs.
Location Map - https://goo.gl/maps/aOsEk

2) Paud Road, Pune


Vanaraji Heights Co Op Housing Society, Rambaug Colony, Near MIT College,
Paud Road, Kothrud, Pune 411038.
Location Map - https://goo.gl/maps/zv5xz
Timings--Every Saturday 10.00am To 12.00 only.
Contact Seema Bhakare 9860368123 - https://www.facebook.com/seema.bhakare

Follow Grahak Panchayat Pune on Facebook


https://www.facebook.com/GrahakManchPune

Related Stories:


8) 5 Reasons why you must not book a flat in Vastushodh Projects' UrbanGram & AnandGram

7) Eagle's Nest Tour

6) Dwarka Darshan

5) Pune Property Buyers, Hurry! Turn Your Home into Private Prison Cell

5) Are Pune property buyers so dumb?

4) Why did Kolte Patil Nest Fest 2015 receive such a huge response?

3) Pune real estate market has crashed - true or false?

2) Investing in Aapla Ghar Uruli Kanchan Lakeside

1) A Flat against PDC - PDC De Do, Flat Le Lo!

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