'Group Booking' is more than 'Discounts on Property Prices'!
Recently, an interesting development took place in Pune real estate market. Some 80 people formed a group. To own a home of their choice - within their budget - at a convenient location for them. The group identified a plot. But the plot was too big. Now, what? One more group of 140 people joined them. And a 220 flats group booking project was finalized.
Sanjay Deshpande of Sanjeevani Developers & Aditya Javdekar of Vilas Javdekar Developers took a lead in finalizing this project. They purchased the plot of land, designed the flats as per the requirements of the groups, and are going to construct the flats within the budget set by the group.
I was a little disappointed when I came to know that the location of this 220 flats group booking project is Sus. Because for me Sus means struggling for survival. I do not see any point in buying a home in a fringe village where basic urban infrastructural services - road, water, drainage, garbage, safety security, storm water management - are not available. Particularly when in the same price we can own a home where all these basic services are or would be available.
But I liked the idea of group booking project. I have always liked it. I have seen good & bad - both sides of group booking project. I have seen Sanjeevani Developers' last group booking project - Davbindu at Sus. I have seen the tragedy of Aarohi at Sus. Both examples have strengthened my belief that a group booking project is the better way to own a home.
Investing your time & energy in forming a group, finalizing the deal with the builder, supervising the construction is more productive than fighting with the builder or filing a case in the consumer court for possession, construction quality & amenities.
In the current market situation, group booking project is a safe deal even for the builder. Yes, the profit would be less, so is the risk. Assured booking, assured cash flow, less marketing expenses, construction in full swing means blessings.
Group booking housing project is, for sure, a win win scheme for the flat buyers & the builder!
So, I requested Sanjay Deshpande of Sanjeevani Developers to share the tips for group booking. Have a look -
1) In 2016 - where to book a flat in Pune real estate market? (Part 1)
2) In 2016 - where to book a flat in Pune real estate market? (Part 2)
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