Thursday, December 10, 2015

ROFL! DSK's Master Plan for Home Loan Free Life!!

Santa Comes to Town, 2015:


Santa Comes to Town, 2015

Save 50 Lakhs on a 50 Lakhs Rupees Home.
Says Mr. Deepak Sakharam Kulkarni a.k.a. DSK.
Founder, Chairman & Managing Director of D. S. Kulkarni Developers Ltd. (DSKDL).

Is it possible to save 50 lakhs on a 50 lakhs rupees home?

It is possible!

Because when you take 40 lakh home loan for 20 years - you end up paying nearly 100 lakhs.

The longer the tenure, the higher will be the interest payments and higher will be the chance that you will pay more interest than the principal.

Tenure means - Period from the date of disbursement of loan to the date of the last EMI payment or the date of closure of loan.

It means that - if you shorten the tenure - repayment period - you pay less interest.

By making prepayment of principal amount anyone can save interest.

But DSK makes it possible for you to save interest on home loan without making big prepayments!

You pay little extra than the normal emi of 20 year tenure
- but reduce the tenure to 8.33 years
- instead of 20 years you repay loan in 8.33 years
- and save nearly 50 per cent interest
- instead of paying 100 lakhs - you end up paying little more than the loan amount of 40 lakh.

Can you do what DSK can?
Save 50% interest & repay 20 year loan in 8.33 years - without making prepayments - on your own?

No! Not without making prepayments!!

Impossible!!! Saving interest & repaying 20 year loan in 8.33 - without making prepayments not possible for you - on your own.

Why?

Because you are just a human being.

How is it possible for DSK?

Because DSK is not like you & me.

Who is DSK?

DSK is Santa Claus!

For Santa anything is possible.

This christmas, this Santa has come to Pune to give you a gift of home loan free life.

Santa will give you one home for free - only if you buy one home from him.

Ek Ghar Ke Sath Ek Ghar Free.

Seriously.

ROFL not allowed.
Rolling On the Floor Laughing Mana Hai.

No kidding. Visit B. J. Medical College Grounds. From 8th to 12th December, 2015.


Click to View Original Ad of DSK's Master Plan


Click to View Original Ad of DSK's Master Plan

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14 comments:

  1. There is a big gimmick in such schemes. RBI has been time & again flagging such schemes. Nonetheless, the given offer is not from any bank but Tata Capital which has tie up with DSK. If such schemes are indeed good, I wonder why not all builders, banks do it for all their projects ?
    DSK already played similar trick earlier - aadhi ghar, nantar paise.

    http://ravikarandeekarsblog.blogspot.in/2015/04/Pune-Property-Buyers-Turn-Your-Home-into-Private-Prison-Cell.html

    And one more important aspect - DSK has drastically hiked the loading to 40% (including terrace area) leading to much higher salable area.
    (Carpet area + terrace) + 40% = Salable area
    If carpet area is 700 sq ft, terrace is 300 sq ft, then saleable area would be -
    (700 + 300) + 40% = 1400 sq ft.
    Essentially for even 700 sq ft carpet area, you pay 1400 sq ft rate.

    "Ek Ghar Ke Sath Ek Ghar Free."

    Rather than doing such gimmicks, how about reducing the price by 50% ?

    ReplyDelete
  2. Why DSK is not offering all projects ??
    Rates of offered projects is higher then market rate.

    ReplyDelete
    Replies
    1. "Why DSK is not offering all projects ??
      Rates of offered projects is higher then market rate. "

      The answer to your question is in your second sentence itself !
      DSK is launching project and wants to make profit using your money, so these type of offers by having tie up with non-banking financial institutions.
      The funda is simple -

      Charge higher rates than prevailing already high rates, take loan on behalf of buyer and increase the loading factor, which means you pay for more area which actually doesn't exists & then make profit with least amount of own money.
      This is promotion of not only DSK projects but also indirectly that of Tata Capital home loans. Need to see the minute fine print of agreement between DSK & Tata Capital to understand what's actually cooking.

      The builder says possession date from 2-4 years. He also says you get income tax benefits. But facts are different -

      The 80C income tax benefits can be availed on only ready for possession flats having completion certificate/CC,
      The CC should come within 3 years from the date of agreement to avail 80C benefits. If it is delayed, you end up loosing 80C benefits completely and can get interest benefit of max 25,000/year only as against 2L/yr.

      Better not to fall for such builder gimmicks and buy ready for possession flats with CC and calculate the actual price based on carpet area and not salable area so you know whether you are indeed getting good deal or not.

      @ Ravi,

      Still Yezdi Motiwalla video not uploaded ? :(
      Hope to see it soon. I am sure many people will benefit.

      And there is Sakal Vaastu exhibition this weekend. LoL.

      Delete
  3. There is water problem in DSK vishwa and without resolving that new buildings are planned.

    ReplyDelete
    Replies
    1. Water comes twice a day for 1 hr (drinking & bathroom both). Still there is no water to drink, wash cloths & bath...

      Water filter doesn't work because water pressure is not enough since all the people are busy in storing water during that hour.

      Washing machine doesn't work properly & water pump in the machine makes strange sounds because it is not getting water with sufficient pressure. Also for full automatic washing machines washing cycle duration is normally more than 1 hr in any mode.

      Gas geyser doesn't switch on since water pressure is not enough.

      Water filter, washing machine & gas geyser works perfectly occasionally whenever there is sufficient water pressure (mostly on weekends), so i know there is no problem with these devices.

      ceiling height is <9ft & no lofts to fit water storage tanks inside & it doesnt look good if installed. My plumber fitted more than 150 water tanks in DSK this year post rainy season.

      In rainy season you will get brown color water to both drinking & bathroom taps.

      Don't know from where they are bringing water for construction.

      Delete
    2. When such acute water scarcity is there, you people should simply file RTI & get details as to how PMC has sanctioned this project. Things will get worse if existing buyers don't act now.

      Delete
    3. I think this place is still not under PMC, am not sure though. I remember, I paid property tax to Grampanchayat last year. Just visit any of existing building, look at notice boards & places near lift area, you will find notice about water shortage everywhere. Yesterday new notice has been put that water will be available from morning 7 to 930 only, No water for rest of the day.
      Toilet (Flush tank), Washing machine (Automatic), Gas or electric Geyser, water purifier needs running water with enough water pressure. Still 3 months to go for summer, donno what will be situation in summer.
      After spending huge amount for buying home (& still paying for loan…), we still have to struggle everyday for basic & essential things is very disappointing.

      Delete
  4. The emi calculated is with 0% interest which no one can give you unless it is being refunded by some other methods
    Beware

    ReplyDelete
  5. 1) what is the carpet to saleable ratio? is dsk different than others to have ratio of 40% and 45% in dream city
    2) there is no water in existing rivers and he is bringing river in dream city and who needs tram and marina?
    3) what will be the maintenance cost per month in dream city?
    4) 395 sq.ft of saleable at 50 lacs in fursungi? when i spoke to his sales person, he says not to ask about the carpet and saleable bcoz they are selling city and not the flat!!
    4) 35 storied tower in vishwa!! that project has no amenities of its own and i had made a mistake of buying flat there before. no water, no amenities required for such a huge project. so long from city and already at the top. for 35 storied tower maintenance must be at least 5000 rs per month and u can't expect rent of more than 8k per month! he is charging almost 8000 rs/sq ft in DHAYRI!! we were promised swimming pool and so many amenities in 2001 and still nothing is there.
    5) right now he is charging rates of 10 years down the line and what special he has which other builders don't! we suffered through worst quality in vishwa and possession gets delayed by minimum 1.5 years everywhere.
    6) does DSK has a capacity to build such a big ambitious township is the biggest question!

    ReplyDelete
    Replies
    1. "what is the carpet to saleable ratio? is dsk different than others to have ratio of 40% and 45% in dream city"

      - This is the actual master plan of DSK, charge money on area which doesn't exist ! Even some of the biggest crook builders in Mumbai don't charge 40-45% loading, that too including FSI free terrace.

      "395 sq.ft of saleable at 50 lacs in fursungi? when i spoke to his sales person, he says not to ask about the carpet and saleable bcoz they are selling city and not the flat!! "

      - LoL, what a weird logic. Seems this sales person graduated from IIN or some DSK college !

      "35 storied tower in vishwa!! that project has no amenities of its own and i had made a mistake of buying flat there before. no water, no amenities required for such a huge project. so long from city and already at the top. for 35 storied tower maintenance must be at least 5000 rs per month and u can't expect rent of more than 8k per month! he is charging almost 8000 rs/sq ft in DHAYRI!! we were promised swimming pool and so many amenities in 2001 and still nothing is there. "

      - Don't know who will buy here at these prices with poor infrastructure & location ? Maybe DSK should rename this as Dream Tower !

      " does DSK has a capacity to build such a big ambitious township is the biggest question! "

      - DSK is just showing you some dream, which he is trying to hardsell. In his youtube video, DSK says that even his grandson who is small kid right now, will take care of dream city...this means 3 generations !! By the time the project gets complete, if at all it does, the phase1 will come for redevelopment !

      Delete
  6. 1) what is the carpet to saleable ratio? is dsk different than others to have ratio of 40% and 45% in dream city
    2) there is no water in existing rivers and he is bringing river in dream city and who needs tram and marina?
    3) what will be the maintenance cost per month in dream city?
    4) 395 sq.ft of saleable at 50 lacs in fursungi? when i spoke to his sales person, he says not to ask about the carpet and saleable bcoz they are selling city and not the flat!!
    4) 35 storied tower in vishwa!! that project has no amenities of its own and i had made a mistake of buying flat there before. no water, no amenities required for such a huge project. so long from city and already at the top. for 35 storied tower maintenance must be at least 5000 rs per month and u can't expect rent of more than 8k per month! he is charging almost 8000 rs/sq ft in DHAYRI!! we were promised swimming pool and so many amenities in 2001 and still nothing is there.
    5) right now he is charging rates of 10 years down the line and what special he has which other builders don't! we suffered through worst quality in vishwa and possession gets delayed by minimum 1.5 years everywhere.
    6) does DSK has a capacity to build such a big ambitious township is the biggest question!

    ReplyDelete
  7. Of course this is possible! If you check their website and the details, they are selling 1 BHK of 600 sqft for 80 l and a 3 BHK of 1350 sqft for 1.8 cr!!! Do the math for yourself!

    ReplyDelete
  8. Seems this master plan of DSK turned out to be Super-flop plan as this plan was for only few customers for few time. 10 days have passed since this exhibition ended & now DSK has put this ad on FM radio ! Clearly it means there are no enough buyers who have fallen into DSK master trap.

    ReplyDelete
  9. See the joomla being done by DSK in this scheme -

    http://www.firstpost.com/business/dsks-zero-interest-home-loan-offer-are-real-estate-developers-innovating-products-or-rolling-out-gimmicks-2569406.html

    Crook builders fooling buyers. Just don't buy flat & see them going down the drain.

    ReplyDelete