Important tip for the first time home buyers in Pune real estate market - Don't book a flat in Pune & Pimpri Chinchwad Municipal Corporation limits till RERA - Real Estate (Regulation and Development) Act, 2016 - is implemented in Maharashtra:
Hi Ravi Sir,
I got your reference from one of my friend.
I am looking for my first home and I am working in Software company in Yerwada.
My budget to buy 2/3 bhk flat is 60lac.
I got two properties: 29 gold coast and Skyway Sereno.
Both the properties are in my budget. Should I book there ? Or any other suggestions.
Like the above email, everyday you write to me at firstname.lastname@example.org to seek my advice about booking a flat in some project in Pune real estate market.
You short list projects on 2 parameters. 1) Location & 2) Budget.
You write to me because you are aware that you can not make your decision of booking a flat only on location & budget.
You have to consider a couple of more important parameters.
And I admire you for your awareness.
I feel honored to share my views about your shortlisted projects.
However, at this point of time, I have to remind you again & again about RERA - Real Estate (Regulation and Development) Act, 2016.
Have you read my blog on Maharashtra RERA Rules?
Are you aware that if approved as published, Maharashtra RERA Rules will give legal authority to the builders to dominate, victimize & intimidate flat buyers in Maharashtra?
Most of the time your reply is - No. I am not aware about RERA. I am not aware that Maharashtra RERA Rules are against flat buyers.
Okay. Being dumb is not a crime. So don't punish yourself. Instead of that learn about RERA. You will find original English & Marathi RERA Rules and 5 objections against Maharashtra RERA Rules on my blog.
After reading my blog - you will realize that you should not book a flat till Maharashtra Government finalizes the RERA Rules.
And then you have to confirm that Maharashtra RERA Rules are as per Real Estate (Regulation and Development) Act, 2016 passed by the Indian Parliament.
It means that you can book a flat only after the confirming that Maharashtra RERA offers protection to the flat buyers.
If Maharashtra RERA is a mockery of RERA Act passed by the Central Government - if it is diluted - then instead of booking a flat - you have to come on the road and start Andolan & go to court against Maharashtra Government.
Since the deadline for the implementation of RERA is April 30, 2017 - in the months of February, March & April in 2017 - you should not even think of booking a flat in Pune real estate market.
I keep on telling this to everyone who writes to me. I also share these links -
1) Centre nudges states to notify Real Estate Regulation and Development Act rules by May 1
2) States can’t dilute Real Estate Act; Shri M.Venkaiah Naidu warns of public outcry
3) Planning to buy a house? Wait till May 2017
4) Wait for one more year before you can seek shelter under Real Estate Act
5) Protection At Last
6) What does real estate Act change for you?
7) How the RERA Act is Changing Real Estate in India
8) 5 Objections Against Maharashtra RERA Rules
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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:
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.