tag:blogger.com,1999:blog-5269558537262232516.post2245156577097277871..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: Own a Home or Double Your MoneyRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5269558537262232516.post-17453280017729503082017-04-02T19:13:41.046+05:302017-04-02T19:13:41.046+05:30Hi Ravi, I came across this link about the real es...Hi Ravi, I came across this link about the real estate crash in 1997 where prices crashed 50% - http://indiatoday.intoday.in/story/real-estate-business-in-india-faces-unprecedented-crisis-as-prices-plummets/1/276369.html.<br />Late 80's/90's born generation like me would not be aware about it. If you were involved with real estate at that time can you please share your experience/views at that time, maybe with a blog? Like was price crash was mainly limited to under construction property or did it affect even ready possession/resale flats?JChttps://www.blogger.com/profile/07614354193365943669noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-69522156565037904682017-04-02T13:00:55.695+05:302017-04-02T13:00:55.695+05:30monk as i dont have ur email id.. something for u ...monk as i dont have ur email id.. something for u plz read at link<br />http://visonoflife.blogspot.in/2017/03/illegal-constructions-vikram-vetal.htmlsanjay deshpandehttps://www.blogger.com/profile/01145330732687829852noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-79494208288178293182016-04-07T23:26:13.299+05:302016-04-07T23:26:13.299+05:30"Now with additional FSI they have added 250 ..."Now with additional FSI they have added 250 more flats putting more burden on infrastructure which is already insufficient for current Residents."<br /><br />- This is precisely the reason why builders don't do conveyance deed and keep giving lame excuses of 3 year old petition of HC.<br />As said before, if builder is not going to give in writing about conveyance deed, don't buy flat. As long as builder owns the land, he will keep exploiting buyers. Right now crook builder added 250 flats, tomorrow if he manages more TDR, he will put another 250 ! Those builders who care about their buyers will do conveyance deed in stipulated time as mandated in MOFA.<br /><br />Now since Amit builders has cheated you (just like his other project buyers), you should file case in consumer court against the builder.<br />These are this week verdicts in favour of buyers :<br /><br />The district consumer court has asked a builder to pay compensation ranging from Rs 15 lakh to Rs 19 lakh to each of the complainants for violations that came to light after the construction of the building.<br /><br />http://realty.economictimes.indiatimes.com/news/regulatory/nashik-builder-told-to-compensate-for-construction-violations/51728619<br /><br />This one is of Pune based crook builder, Rama builders who too got penalised.<br /><br />Consumer forum slaps Rs 2 lakh fine, asks him to provide facilities in six weeks -<br /><br />This court order should be ample encouragement for people who do not appeal against builders, thinking they might lose the case.<br /><br />http://www.punemirror.in/pune/civic/Builder-fails-brochure-promises-penalised/articleshow/51703833.cmsTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-91609462810893040002016-04-06T19:08:42.697+05:302016-04-06T19:08:42.697+05:30I am resident of Astonia Royale. The project is a ...I am resident of Astonia Royale. The project is a big failure. The plan was for 18 building into 48 flats per building. Now with additional FSI they have added 250 more flats putting more burden on infrastructure which is already insufficient for current Residents. No amenities provided yet. No late possession compensation given. Anonymoushttps://www.blogger.com/profile/15324665075812012955noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-84954701905836725012016-04-03T12:06:08.758+05:302016-04-03T12:06:08.758+05:30This is yet another scam to fool buyer.
The ad say...This is yet another scam to fool buyer.<br />The ad says double your money as if builder will pay double the flat price, when actually it's just the booking amount.<br /><br />"No Pre-EMI till possession. At the time of possession - if you change your mind - get back double the booking amount."<br /><br />- This means builder doesn't have money to complete project, so no pre-EMI till possession, & this too is with conditions apply as liability of repaying loan is with buyer & not builder so if builder defaults, banks will catch buyer.<br /><br />And this booking amount is meagre when compared to total cost. The buyer looses heavily in terms of stamp duty, registration, LBT, TDS, service tax etc. So this money which is actually more than double the booking amount is already lost. Add to it the interest lost on this booking amount had it been kept in bank.<br />And by the time project gets completed & prices fall by 50%, what will buyer do with double the booking amount or project is not completed even after 10 years ? <br />So overall, this is loose-loose case for buyer. If buyer is smart enough, he should directly ask builder to give 50% discount than resort to such gimmicks.<br /><br />Btw, can Mr. Ravindra Davkhare, Senior Manager - Sales answer what is the fate of Amit Sereno at Baner, near Pancard club which is stalled even after 4 years of launch & last year given to Kolte Patil who themselves are unable to complete their own existing projects ? TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-75880719423829230222016-04-02T13:35:34.659+05:302016-04-02T13:35:34.659+05:30All are white collar sharks jao hindAll are white collar sharks jao hindAnonymoushttps://www.blogger.com/profile/00899259830894049040noreply@blogger.com