tag:blogger.com,1999:blog-5269558537262232516.post4397365632228430328..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: It's not easy to fool Marathi flat buyers in Pune anymoreRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-5269558537262232516.post-43639634215106061492016-11-09T22:57:50.453+05:302016-11-09T22:57:50.453+05:30Surprise! Modi government’s black money move will ...Surprise! Modi government’s black money move will make your dream home cheaper, boost ‘Housing for All’<br />The unprecedented move against black money would also imply that housing across segments would become cheaper! <br /><br />http://www.financialexpress.com/personal-finance/surprise-modi-governments-black-money-move-will-make-your-dream-home-cheaper-boost-housing-for-all/441535/<br /><br />Black money crackdown: "Land prices may crash 30% in 6 months"<br />Pankaj Kapoor, MD, Liases Foras, a real estate consultancy, believes land prices will crash 30 per cent in the next 3-6 months. "It will have a big impact especially on the land prices and luxury market . They were used as avenues to hoard black money."<br /><br />Samtak Das, Chief Cconomist and National Director, Research of Knight Frank, says, "Land prices will be under pressure as in residential sector the unaccounted money is 30 per cent, in case of land it is 50 per cent." <br />"The construction cost will also go down by 20-25 per cent as the money that the builder has to pay in black to get the approvals from the authorities will not happen now as people will be scared of taking cash," said Kapoor. <br /><br />http://www.businesstoday.in/money/real-estate/black-money-crackdown-land-prices-to-crash-30percent-in-6-months/story/239663.html<br /><br />So with all these things taken into account, flat prices should fall by atleast 50-60%. Big whammy for builders, hoarders.<br />And yes, many builders will be thrown out of business as their real estate firm used to run on black money of politicians, gutter babus, doctors etc. So even after crash in real estate prices, buy ready for possession flats only as completion for under-construction flats is not guaranteed as such builders can go full bankrupt.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-18037244538500243502016-11-08T23:10:47.919+05:302016-11-08T23:10:47.919+05:30Now..will there be any impact of Govt's move o...Now..will there be any impact of Govt's move of demonitization of 5500 & 1000 rs notes on property prices?? 😀HonestBuyerhttps://www.blogger.com/profile/15219949370017330605noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-88692782890049095752016-11-07T22:35:57.971+05:302016-11-07T22:35:57.971+05:30gyani baba... ask the questions u want to to any b...gyani baba... ask the questions u want to to any builder but book only at the one who will satisfy ur queries.. is what i will advisesanjay deshpandehttps://www.blogger.com/profile/01145330732687829852noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-52881650117148849682016-11-07T22:34:00.423+05:302016-11-07T22:34:00.423+05:30monk. most permissions are now online & u can ...monk. most permissions are now online & u can see them on PMC web site or there is an app also for all sanctions given by PMC, there also u can check. Even PMRDA also has it!<br />sanjay deshpandehttps://www.blogger.com/profile/01145330732687829852noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-53041255024845885382016-11-04T01:20:01.906+05:302016-11-04T01:20:01.906+05:30Ravi...good article
Monk.... nice info thnx for s...Ravi...good article <br />Monk.... nice info thnx for sharing<br />You both ROCK!!! Guys...Anonymoushttps://www.blogger.com/profile/02551874321953097597noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-22759536254171286552016-10-29T12:55:37.584+05:302016-10-29T12:55:37.584+05:30"Just look at tragedy of 'Tukaram Mundhe&..."Just look at tragedy of 'Tukaram Mundhe' in Mumbai. He is paying for action against illegal constructions. Builders might had complained to Corporators about Mundhe."<br /><br />- Agree but the current Govt is far better than previous super corrupt Govt. Even when useless parties like Shiv Sena is supporting NCP, CONgress for selfish reasons, the CM, Mr.DF has thrown his weight behind Tukaram Mundhe. Had it been older Govt with gutter grade ministers (one is shuttling between jail & hospital - Chaggu), they would have made few more scams & used that money to fund crook builders. RERA would have existed only on paper & so would have Benaami property act.<br />So there are good people inside the Govt. Time has changed for the better.<br /><br />Maharashtra suspends no-confidence motion against NMMC chief Tukaram Mundhe -<br /><br />Maharashtra Chief Minister, Devendra Fadnavis has backed Navi Mumbai municipal commissioner, Tukaram Mundhe in his ongoing feud with corporators of the municipality.<br /><br />Top sources in the government said that the Chief Minister has decided to suspend the execution of the no-confidence motion passed by the municipality’s corporators against Mundhe on October 25.<br /><br />The reason: The government holds an opinion that “the motion was against the larger public interest and would work against the financial interest of the civic body.”<br /><br />http://indianexpress.com/article/cities/mumbai/maharashtra-suspends-no-confidence-motion-against-nmmc-chief-3727936/<br /><br />Fadnavis refuses to meet politicos seeking Tukaram Mundhe’s removal -<br /><br />After he seemed to have thrown his weight behind Navi Mumbai civic chief Tukaram Mundhe, against whom a no confidence motion was passed by corporators, Chief Minister Devendra Fadnavis refused to meet an all-party delegation seeking removal of the IAS officer from his post.<br /><br />Mayor of Navi Mumbai Municipal Corporation Sudhakar Sonawane led a team comprising members of Shiv Sena, Congress and NCP to meet Sena chief Uddhav Thackeray at the latter's residence.<br /><br />http://mumbaimirror.indiatimes.com/mumbai/other/Fadnavis-refuses-to-meet-politicos-seeking-Tukaram-Mundhes-removal/articleshow/55124822.cmsTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-7060036496110640642016-10-29T12:43:39.861+05:302016-10-29T12:43:39.861+05:30"In such cases one option is stay in rented a..."In such cases one option is stay in rented apartment in good location and enjoy life. But everyone wants atleast one shelter of his own on the planet."<br /><br />- But why the hurry to buy anything, anywhere today ? I don't see any harm in renting today & buying tomorrow at cheaper cost once property prices fall. <br />And the money saved on account of renting can be invested in FD, SIPs etc. which will help earn more than wasting that money for buying property at jacked up rates.<br /><br />" Another option i feel is going for resale apartments but then every person who has bought a 2 bhk for 10 to 25 lakhs 10 to 15 years ago wants 400% 500% profit."<br /><br />- Ample of ready possession options are available from builders, hoarders for flats aged between 1-5 years. Also, getting home loan for flats above 10 years is difficult because after 20 years, for banks flat becomes a dead asset especially in case where land ownership is not with flat buyers.<br /><br />"But then social stigma is another just poking another knife in your guts."<br /><br />- If you are buying flat just because what someone thinks or doesn't thinks, it is a very stupid decision. The society is not going to pay your EMIs, nor going to create high quality financial portfolio for you. Don't take financial decisions on emotions or feelings. That's dumbest thing to do. <br /><br />I know couple of people who have purchased flat on rented money (loan) but travel on scooter triple seat ! Isn't it better to rent, create good corpus to buy property with more downpayment post crash in prices ?TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-80525069612350328192016-10-29T12:17:27.145+05:302016-10-29T12:17:27.145+05:30The following act will make it even more difficult...The following act will make it even more difficult for crook builders to launder money & get funding in cash by parting with some property with these black money hoarders, financiers.<br /><br />Benami Property Act to be effective from November 1 -<br /><br />With a view to curb the menace of black money, Parliament in August had passed the Benami Transactions (Prohibition) Act. <br />The new law to prohibit benami transactions, which also provides for up to 7 years imprisonment and penalty for those indulging in such activities, will come into effect from November 1.<br />Properties held benami are liable for confiscation by the government without payment of compensation.<br /><br />http://economictimes.indiatimes.com/news/economy/policy/benami-property-act-to-be-effective-from-nov-1/articleshow/55116293.cms<br /><br />This is latest update on Park Xpress, Balewadi slab collapse case which killed 10 workers. The crook builders are still missing, construction has fully stalled & buyers don't know what to do. This is another eg. why not to buy under-construction flat.<br /><br />Balewadi slab collapse: Three months on, dead workers’ kin await compensation<br /><br />THREE MONTHS have passed after an illegal slab on the 13th floor of the Park Xpress building in Balewadi collapsed and killed nine labourers on July 29. But the Pune city police are yet to arrest the four builders who were partners in the construction project. The grieving family, who have lost their loved ones in the accident, are living on hope that the compensation promised to them will be delivered at the earliest.<br /><br />http://indianexpress.com/article/cities/pune/balewadi-slab-collapse-3-months-on-dead-workers-kin-await-compensation-3728029/<br /><br />New App helps property buyers verify projects approved by PMC -<br /><br />For residents of Pune who are planning to buy property, there is some good news. The Pune Municipal Corporation (PMC) has launched a mobile App — Pune Urban — which would provide information on residential projects approved by the civic body.<br /><br />“The Pune Urban is the official mobile App of the PMC’s Building Permission Department. This app would enable citizens, architects and builders to instantly connect with the building permission department,” said Prashant Waghmare, city engineer of PMC.<br /><br />He said the Pune Urban mobile App would make it easy for citizens to verify the real estate projects approved by the PMC.<br /><br />http://indianexpress.com/article/cities/pune/new-app-helps-property-buyers-verify-projects-approved-by-pmc-3728055/<br /><br />The above app should be used so that builders can't make buyers ulloo by giving them fake info about approvals. However, this is no substitute for hiring good property lawyer but good for prima facie info.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-82725884539677307702016-10-27T16:45:45.920+05:302016-10-27T16:45:45.920+05:30Should I buy flat in Wakad,palash for 60 lac . its...Should I buy flat in Wakad,palash for 60 lac . its resale flat?<br /><br />Is it good deal or should I wait for sometimevt3softhttps://www.blogger.com/profile/01954026032533984022noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-2043703018883194502016-10-27T14:00:51.720+05:302016-10-27T14:00:51.720+05:30It would be great to here about some good builders...It would be great to here about some good builders if any are left. Cause in spite all scrutinizing for illegal practices done by these 'Thug Builders' they don't come out in public on social media to answer the questions raised against them.GyaniBabahttps://www.blogger.com/profile/17455003435204038340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-26653524354124686052016-10-27T13:55:29.820+05:302016-10-27T13:55:29.820+05:30Hello Ravi,
You are seriously doing a great job b...Hello Ravi,<br /><br />You are seriously doing a great job by creating awareness and scrutinizing these builders. But I wonder in spite of your immense efforts people still fall prey to these 'criminal minded greedy so called builders'. Also I have never seen a builder coming publicly in defense of what you are saying about their projects either on your blogs or through media to communicate their side of story i think there isn't one to tell. Reading your articles Im an educated buyer now I suppose but when I ask these questions to sales people they clearly say this is how every builder in Pune does so will they. Its like openly accepting that they are doing wrong and will do in future. In such cases one option is stay in rented apartment in good location and enjoy life. But everyone wants atleast one shelter of his own on the planet. And if that spot on earth is Pune how can someone buy a flat under Government regulations - I mean fair trade practices ( Not charging for parking , not including terrace in carpet/saleable area, list goes). Another option i feel is going for resale apartments but then every person who has bought a 2 bhk for 10 to 25 lakhs 10 to 15 years ago wants 400% 500% profit. Money and Greed driven Pune society is not an idle location anymore i feel. But then social stigma is another just poking another knife in your guts. I visit Sakal - Pune Today every sunday for fresh slot of new /resale flats. Same story. The way you critically examine these projects in out skirts can you also suggest something in Pune in your upcoming articles. Personally im not interested in any outskirt areas, cause i know city well and i know the problem of staying in these areas.GyaniBabahttps://www.blogger.com/profile/17455003435204038340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-27812873062387701372016-10-26T20:38:48.518+05:302016-10-26T20:38:48.518+05:30There are 2 ways :
1. If you have any contacts in...There are 2 ways :<br /><br />1. If you have any contacts in building permission dept of PMC/PCMC, you will get it from there,<br /><br />2. File a RTI asking about the same. All such builders' files are public documents & hence are covered under RTI. I know couple of people who have used RTI to get the documents required for conveyance deed as sadak chap Lashkar-e-CREDAI builder wasn't doing it. It takes few weeks time but process is easy after you submit form & application fee alongwith it. I would strongly suggest to know precisely what documents are required as many times you will get call from PMC/PCMC asking for specifics. It's better to consult a good property lawyer, take list of documents required & then file RTI.<br /><br />Best part - In all this, builder is nowhere in picture, neither he can stop PMC/PCMC stopping from handing over the documents to you.<br /><br />This is one useful link which will give some basic details -<br /><br />https://www.rtiindia.org/forum/127058-copy-sanctioned-building-plan-blueprint.htmlTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-10571926726189499432016-10-26T11:12:36.190+05:302016-10-26T11:12:36.190+05:30Many times we keep reading about builders doing fr...Many times we keep reading about builders doing fraud & common people being cheated. Greed is most influential factor which impacts mind of buyers. <br /><br />For such incidents, we cannot completely hold builders accountable. But our laws are so complex & confusing provided by loopholes introduced during british raj & selfish politicians to mint money at every stage. I would call taxation system as legal exportation & 'rishwat' as illegal extortion. Just look at tragedy of 'Tukaram Mundhe' in Mumbai. He is paying for action against illegal constructions. On the other hand 'Prakalpa-Grast' have valid point too. All parties quantified against him to protect their 'interests' in RE. Builders might had complained to Corporators about Mundhe.<br /><br />Builders are there do business & make money..make more money. It's natural process I guess. Builders might have fallen victims to bureaucracy & politics. All this is happening because 'pudharis' need money for elections which is sourced from real estate. It's chicken egg problem as who initiated corrupt system. Did builders offered cut for clearing santions? Or pudharis asked it for permissions?<br /><br />Buyers are intentionally refrained from laws during curriculum so that greedy gov employees can exploit them & suck their pockets. Developers must follow ethical, innovative business models to keep buyers in tune rather fooling them.<br /><br />We must demand crystal clear RE laws & published it on website. No bullshit! We as common people must fight for common cause.Unknownhttps://www.blogger.com/profile/10670526155019774774noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-46327391052877891122016-10-26T11:08:02.713+05:302016-10-26T11:08:02.713+05:30Sir, I have filed Case against Builder for Deficie...Sir, I have filed Case against Builder for Deficiency in Work And Quality due to some major issues in Construction and those will be major in Couple of Years. <br />Whatever builder has promised during Plan Pass out of which most of the things are not available. Builder is saying those are not Mandatory for them.<br />My Question is How we can know the List Of Documents Builder has provided for Taking Completion Certificate.?<br />How we can get it as early as possible.<br />As per my information Builder has took Snaps for the Things which he has promised and give to Government. But not sure how i can get those<br /><br />Thanks & Regards<br />Sachin<br />9421509685Sachinhttps://www.blogger.com/profile/07137821978636784586noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-14894698035431799092016-10-26T10:55:07.047+05:302016-10-26T10:55:07.047+05:30Excellent Ravi... These so called The newspaper ag...Excellent Ravi... These so called The newspaper agency is now no more in newspaper but in EVENT Management Business. They continue to use Newspaper medium to get best deals for there Event Management business clients<br />Anonymoushttps://www.blogger.com/profile/05156848956867813299noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-2621951464036567002016-10-26T00:44:38.363+05:302016-10-26T00:44:38.363+05:30Haha, nicely written Ravi.
Night(mare) Crook3 Ullo...Haha, nicely written Ravi.<br />Night(mare) Crook3 Ulloo Banao Utsav.<br /><br />Buyers who plan to buy flat in SEZ or leased land etc., do check out this latest news from one of the most so called one of the biggest & reputed (LoL) builder ! Buyers should not be so dumb that they don't know difference between SALE & ONE TIME RENT ! In Pune, projects like Megapolis required NOC from MIDC earlier. Don't know what's the status now.<br /><br />Buyers complain of fraud in Niranjan Hiranandani SEZ flats sale in Navi Mumbai -<br /><br />More than 1,000 families have approached the commerce ministry, seeking action against what they call fraud committed in the “sale” of flats to them by entities allegedly belonging to real estate developer Niranjan Hiranandani in a special economic zone (SEZ) in Panvel in Navi Mumbai.<br /><br />-Allottees say they were ‘sold’ flats in SEZ and they also paid stamp duty rate applicable to sale<br />– Rules don’t permit sale of flats in SEZ without getting relevant portion de-notified<br />– Hiranandani spokesperson says flats were not sold but given on ‘lease’ only<br /><br />http://www.financialexpress.com/india-news/buyers-complain-of-fraud-in-niranjan-hiranandani-sez-flats-sale-in-navi-mumbai/427632/<br /><br />And see how low this builder stoops down to -<br /><br />Hiranandani hospital kidney racket: Accused says an illegal transplant took place in May, cops to verify claim -<br />http://indianexpress.com/article/india/india-news-india/hiranandani-hospital-kidney-racket-illegal-transplant-took-place-police-verify-2924807/<br /><br />रियल एस्टेट डेवलपर्स पर कर्ज बढ़कर 55 हजार करोड़, सेल्स के मुकाबले दोगुना -<br /><br />एक ओर जहां अदालतें रियल एस्टेट डेवलपर्स को होम बायर्स का पैसा वापस लौटाने के आदेश दे रही हैं, वहीं दूसरी ओर डेवलपर्स पर कर्ज का बोझ बढ़ता जा रहा है...<br /><br />http://money.bhaskar.com/news/MON-PERS-PFPR-debt-rose-on-real-estate-developers-business-news-hindi-5444245-PHO.html<br /><br />Btw, Ravi, came to know 2 more major builders in Pune have gone bankrupt. Don't have solid proof right now so won't take names but yes, seems it's time to organize an exhibition called Bankrupt 3 !<br /><br />Wish you a very happy Diwali & god bless.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-2254179700649717532016-10-25T21:43:34.510+05:302016-10-25T21:43:34.510+05:30Very well narreted,enjoyed a lot ☺.
Big3.Very well narreted,enjoyed a lot ☺.<br />Big3.aviiihttps://www.blogger.com/profile/14685456783326076109noreply@blogger.com