tag:blogger.com,1999:blog-5269558537262232516.post6378545823338572360..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: In 2016 - where to book a flat in Pune real estate market? (Part 2)Ravi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger105125tag:blogger.com,1999:blog-5269558537262232516.post-2771553666553241122017-07-11T19:11:26.359+05:302017-07-11T19:11:26.359+05:30It's true that residential projects are seen m...It's true that residential projects are seen more as group housing schemes rather than a collective investment scheme. Ravi Sir, your article has been truly informative. Also, its good to see Mr. Pethkar getting candid and being so approachable to buyers and others on the forum. I am currently working in a real estate organization and we too aim at reaching this level of transparency that allows buyers to take good investment decisions and enjoy effective customer service. I truly believe this article has laid down the road-map for a higher level of customer service. I am working in sales and thoroughly enjoy attending to customers that ask a lot of questions. It gives me the feeling that they are really serious about their investment and are getting informed so that their money is spent wisely and in the right venture that suits their needs. In closing, kudos to Mr. Pethkar and his initiatives and good luck with your venture. I know this article hasn't exactly added to the information in this article but I thought I'd just "pen" down my thoughts. Ravi Sir, this is your new blog follower signing our for today, will get back to the reading tomorrow. Cheers and have a good day. Anonymoushttps://www.blogger.com/profile/04885962058028026794noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-22222503515216295932017-07-11T19:02:02.526+05:302017-07-11T19:02:02.526+05:30It's true that most people forget that project...It's true that most people forget that projects are not just group housing schemes - they are collective investment schemes. Ravi Sir, this article is extremely informative. Thanks for taking the time to write this. Good to see Mr. Pethkar getting candid and approachable with the buyers and attending to their queries. I am currently working in a real estate organization and we see ourselves using this article as a guideline to providing good service and a wonderful customer experience. We intend to provide a better and transparent buying process and I personally see this article acting as the road-map. I work in sales and I attend to many prospects that ask a lot of questions. I thoroughly enjoy attending to such buyers since there is a certain level of seriousness in them (they realize this is an investment of a lifetime) and they are getting informed and inquisitive, which is our opportunity to show them our ethical practices. In closing, kudos to Mr. Pethkar and his initiatives and good luck with your venture. I havent exactly added to the information but I just had to "pen" down my thoughts. Ravi Sir; this is your new blog follower signing out for today. Will be back to read more tomorrow. Cheers and have a good day.Anonymoushttps://www.blogger.com/profile/04885962058028026794noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-7452858646244948692017-05-10T15:22:31.978+05:302017-05-10T15:22:31.978+05:30Hi All,
Can anyone please tell me if i can book th...Hi All,<br />Can anyone please tell me if i can book the flat in ongoing projects if builder has all approvals but not registered in RERA ?Anonymoushttps://www.blogger.com/profile/07022290354255043240noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-84966567351294820032016-08-29T13:40:03.431+05:302016-08-29T13:40:03.431+05:30Hi Everyone,
I'm looking to buy a flat in Tin...Hi Everyone, <br />I'm looking to buy a flat in Tinsle town, Hinjewadi phase 2 by Kohinoor group Pune, does anyone have any idea about this project ?<br /><br />Thanks in Advance !!!pngshttps://www.blogger.com/profile/00390304439353046548noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-38364354416904702972016-08-28T17:26:52.263+05:302016-08-28T17:26:52.263+05:30thank you all for a very good discussion .... had ...thank you all for a very good discussion .... had a thought to buy a flat here at patlanche western avenue but now changed my mind ... better to stay away SUNILTDESHMUKHhttps://www.blogger.com/profile/15813607459467209203noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-33800960954575864162016-08-21T01:26:36.331+05:302016-08-21T01:26:36.331+05:30Hi all,
I am planning to buy flat in Wakad or rave...Hi all,<br />I am planning to buy flat in Wakad or ravet,after so much research I found resale is good option. After so much visit to broker office and give them different lollipops I managed to get offer 59 lac for Wakad 2 bhk 800 sqf in good society and 60 lac. And 59 lac 3 bhk in ravet celestial city . I need your help to finalise.please help me to finalize one flat from this two vt3softhttps://www.blogger.com/profile/01954026032533984022noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-54772614007989253252016-07-11T18:19:33.058+05:302016-07-11T18:19:33.058+05:30Came across a very well written article. Lot of th...Came across a very well written article. Lot of things have been summed up really well.<br /><br />सावधान, बुडत्याचा पाय खोलात :<br /><br />काल व्यावसायिक कारणासाठी, एका मोठ्या प्रथितयश बिल्डरला भेटायला गेलो होतो. तेव्हा आर्थिक मंदी ने ग्रासलेल्या बांधकाम क्षेत्रातील दुर्दैवाचा नवा "दशावतार" पाहायला मिळाला. आणि मन सुन्न झाले.<br /><br />मोठ्या प्रमाणात बांधकाम करून ठेवलेल्या, अवाढव्य आकार आणि किंमतीच्या सदनिकांची विक्री होत नसल्याने दस्तुरखुद्द बिल्डरनेच त्या सदनिका भाड्याने द्यायला सुरवात केली आहे आणि सर्वात महत्वाचे म्हणजे ग्राहकांना आकर्षित करण्यासाठी त्याने तिथले भाड्याचे दर हे त्या भागातील सर्वसाधारण भाड्याच्या दरांपेक्षा बरेच कमी ठेवले आहेत. या कमी भाड्याबाबत छेडले असता " रिकाम्या पडून रहाण्यापेक्षा काहीतरी उत्पन्न येईल, टॅक्स प्लस थोड्याफार कामगारांचा पगार निघेल " एवढे साधे सरळ " Linear Equation " त्यांनी मला समजावले.<br /><br />एका सर्वेक्षणानुसार, पुणे आणि परिसरातील बांधकाम व्यवसायिकांकडे तब्बल दीड ते दोन लाख सदनिका बांधून तयार आहेत पण त्यांना खरेदीदार ग्राहक मिळत नाहीयेत. अनुत्पादक कर्जाचे प्रमाण वाढल्याने बँका व आर्थिकसंस्थानी कर्ज द्यायला हात आखडता घेतला आहे आणि वसुली साठी तगादा लावला आहे आणि मोदी सरकार ने काळ्या पैश्याच्या उलाढालीचे " नरडे " बऱ्यापैकी आवळल्याने, त्या मार्गाने येणारा हक्काच्या रोख गुंतवणुकीचा " जिवंत झरा " जवळ जवळ आटला आहे.<br /><br />त्याच वेळेस, पुणे-पिंपरी-चिंचवड-तळेगावदाभाडे-पिरंगुट-मारुंजी-भूगाव-पानशेत-शिरवळ-जेजुरी-उरळीकांचन -रांजणगाव -शिरूर-मोशी या विस्तीर्ण वर्तुळात तब्बल सहा ते सात लाख सदनिका, या छोट्या आणि "सुज्ञ" गुंतवणूकदारांनी फक्त "गुंतवणूक" म्हणून घेऊन ठेवलेल्या आहेत.<br /><br />एवढ्या बिकट परिस्थितीत " सुज्ञ " गुंतवणूकदारांचे " मायबाप ", बिल्डरांनीच जर सदनिका अशा कमी दरात भाड्याने द्यायला सुरवात केली तर, या सूज्ञ गुंतवणूकदारांच्या सदनिकांना भाडेकरू मिळणे अवघड होईल किंवा या गुंतवणूकदारांना भाड्याचे दर चालू आहेत त्या पेक्षाही कमी करावे लागतील. पर्यायाने नुकसान सोसावे लागेल.<br /><br />सर्वात वाईट म्हणजे पाश्चात्य देशांप्रमाणे भाड्याने किंवा लॉन्ग-लीझ ने राहण्याचा नवा "ट्रेंड" उदयास येऊन वाढीला लागेल आणि सदनिकांची मागणी अजून कमी होईल. मागणी कमी म्हणजेच सदनिकांचे दर आणखीन कमी होतील. पर्यायाने मंदीचा विळखा आणखी घट्ट होईल.<br /><br />पुण्यातील मोक्याच्या जागांचे Rental Yield आत्ताच वार्षिक १ ते १.५ टक्के आहे. म्हणजेच सदनिका विकत घेण्याऐवजी, गुंतवणूकदाराने सदनिकेच्या किंमतीएवढे पैसे बचत खात्यात ठेवले तरी सुद्धा मिळणारे व्याज हे सदनिका भाड्याने देऊन येणाऱ्या भाड्याच्या दुपटीहून जास्त असेल तर फिक्स डिपॉझिट मध्ये मिळणारे व्याज हे येणाऱ्या भाड्याच्या तब्बल सहा ते आठ पट असेल. भारतातील बहुतेक सर्व महानगरातील परिस्थिती थोड्या फार फरकाने अशीच आहे.<br /><br />*मित्रहो, बांधकाम क्षेत्राला सर्वोत्तम गुंतवणूक समजणा-यांना, तसेच अव्वाच्या-सव्वा कर्ज काढून काहीच्या काही दराने, शहराच्या कानाकोपऱ्यात, कड्या-कपारीत, दऱ्या-खोऱ्यात, जागा मिळेल तिथे पिसटल्या सारखे सदनिका घेत सुटलेल्या बऱ्याच सैराट जणांना ही मंदी म्हणजे एक सणसणीत " श्रीमुखात " ठरेल हे मात्र नक्की.*TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-1759034064589586812016-07-04T08:37:33.940+05:302016-07-04T08:37:33.940+05:30Hello Ravi,
Very nice articles. I have been follo...Hello Ravi,<br /><br />Very nice articles. I have been following your blogs since 2012. In fact I own a home because of your blogs. I needed some suggestions from you. I'm looking for a Villa anywhere near Pune. Have you explored any project which you can suggest to buy?<br /><br />Thanks in advance. <br />AnandAnandhttps://www.blogger.com/profile/02031530162691149526noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-7788978048344136182016-06-23T14:00:23.037+05:302016-06-23T14:00:23.037+05:30Most people here, mentioned to look at infrastruct...Most people here, mentioned to look at infrastructure first and then amenities. Please let me know, one area in Pune which has good infrastructure and affordable housing? All areas have water supplied by tankers. Please suggest a good affordable scheme.Anonymoushttps://www.blogger.com/profile/08075996614155314169noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-865160928035898322016-05-30T22:39:39.378+05:302016-05-30T22:39:39.378+05:30These news shows how it is bad decision to buy fla...These news shows how it is bad decision to buy flat in under-construction project & to be safe, best to buy ready possession flat will all approvals.<br /><br />Property developers struggling to deliver apartments on time :<br /><br />Thousands of families across India have invested their hard earned money into housing projects but even after the passage of several years, their dream home is yet to be delivered. While builders and realty companies take their own sweet time in completing the project, the families face a tough time in paying both the EMIs of home loans and house rent. <br /><br />http://www.livemint.com/Companies/YgE6I5pa21p2Zsxvj46pFM/Property-developers-struggling-to-deliver-apartments-on-time.html<br /><br /><br />What happens when you live in flats without completion? <br /><br />http://timesofindia.indiatimes.com/india/What-happens-when-you-live-in-flats-without-completion/articleshow/52429825.cms<br /><br /><br />Shaky ground: Now, NRIs shy away from realty market<br /><br />http://economictimes.indiatimes.com/wealth/real-estate/shaky-ground-now-nris-shy-away-from-realty-market/articleshow/52285314.cms<br /><br /><br />With NRIs out of property market, the funding for builders has further dried up. More builders will go bankrupt at higher pace & the big crash in property prices will also take place.<br /><br /><br />And here is news of another Pune crook (builder) fooling flat buyers who has now been sent to jail after flat buyers filed FIR. Builder took money but didn't construct projects.<br /><br />http://www.punemirror.in/pune/civic/Builders-bail-plea-rejected/articleshow/52495758.cmsTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-43432438243031558242016-05-27T18:48:36.971+05:302016-05-27T18:48:36.971+05:30SBI's Bad Loans Jump To Staggering Rs 1 Lakh C...SBI's Bad Loans Jump To Staggering Rs 1 Lakh Crore, Profit Slumps 66% :<br /><br />State Bank of India, the country's biggest lender, posted a massive 66 per cent fall in its net profit in the March quarter, weighed down by higher provisions for bad loans, which jumped to a staggering Rs 1 lakh crore.<br /><br />http://profit.ndtv.com/news/corporates/article-sbi-profit-slumps-66-in-q4-as-bad-loans-jump-to-nearly-1-lakh-crore-1412715<br /><br /><br />Indian Companies To Pay $4,000 More For H-1B Visa Fee, $4,500 more for L-1 :<br /><br />http://profit.ndtv.com/news/corporates/article-indian-companies-to-pay-4-000-more-for-h-1b-visa-fee-1412689<br /><br />This will have direct impact on Pune real estate as cheap money becomes thing of a past & outsourcing becomes expensive.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-58282019737421928352016-05-24T16:09:21.357+05:302016-05-24T16:09:21.357+05:30Hi,
I am looking for 1 BHK flat near wakad, baner...Hi,<br /><br />I am looking for 1 BHK flat near wakad, baner (650-700 sqft). Any lead?<br /><br />ThanksTeesmarhttps://www.blogger.com/profile/02423491421074139068noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-89543120878762191002016-05-17T14:46:35.931+05:302016-05-17T14:46:35.931+05:30Excellent discussion! Somehow I missed reading thi...Excellent discussion! Somehow I missed reading this in April. Hope the downward trend continues and a correction comes in soon in Pune as well.<br /><br />It is true that we are paying first-world property rates for third-world infrastructure.<br /><br />The 'affordable homes' are still a myth.s_u_nhttps://www.blogger.com/profile/07078675095189654820noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-77055754392788570272016-05-17T13:26:08.295+05:302016-05-17T13:26:08.295+05:30Initially I couldn't understand why did carpet...Initially I couldn't understand why did carpet area multiplied by 1.3 in price sheet of Siyona project after doing simple calculation I came to know it's just another way to add 30% loading ..<br />I'm really thankful to Ravi sir The Monk Enigma to share such valuable life saving information to poor souls like us.. <br />I was attracted by Nyati equotorial but when I saw a sample flat and final cost I became FLAT. No water supply Poor road No infra. No telephone lines means no Broadband.. I would rather construct a lavish bungalow in my hometown than paying my life's saving to these morons and give 60% of monthly income for emi maintenance...<br />Thanks all once again<br /><br />I still find Siyona in pynawale is very expensive as compared to other projects in that area. Very clever calculations by mathematicians at pethkar projects<br />shreYEShttps://www.blogger.com/profile/18259128860514840674noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-20233499242741460962016-04-12T22:31:33.842+05:302016-04-12T22:31:33.842+05:30Thank you Ravi.
In the meantime, I have deleted my...Thank you Ravi.<br />In the meantime, I have deleted my duplicate comments to keep this blog clutter free.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-69114885061796318502016-04-11T09:35:43.770+05:302016-04-11T09:35:43.770+05:30Sorry. Thanks for informing. Found. Published! Sorry. Thanks for informing. Found. Published! Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-29705639039742803092016-04-10T16:29:25.962+05:302016-04-10T16:29:25.962+05:30@ Ravi,
My comments are not getting displayed her...@ Ravi,<br /><br />My comments are not getting displayed here. Please look into it.<br />TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-79975543588774262802016-04-10T16:28:52.536+05:302016-04-10T16:28:52.536+05:30@ unknown,
Don't fall for rates being quoted ...@ unknown,<br /><br />Don't fall for rates being quoted by builder on salable area. Get it converted into CARPET AREA & then see what is the actual discount you are getting.<br />Crook builders can reduce the rates but increase the loading, thus total price based on carpet area may be same or much less discount than shown by builder. Calculate rates only & only on CARPET AREA. <br /><br /><br />"Do you think the prices will go further down?"<br /><br />- Is there any reason for them going up or even staying at same level ? Had this been the case, there would not been cases of projects getting halted mid-way, builders going bankrupt.<br /><br />" If yes then by how many %? "<br /><br />- This I don't know but what I know is atleast I won't be buying unless prices fall by atleast 50%. At what price flat is offered is in builders hand, but to buy or not to buy is in buyers hand. But at the end of the day, it's the buyers who will drive the market.<br />Till then renting is better, cheaper, comes without liability & keeps you highly flexible. Today I am staying in one of the most sought after location, in one of the top notch projects in this area at a fraction of cost of EMI of a flat even in remote area. <br /><br />And do remember, whenever you buy, buy ready for possession flat with all approvals & get approvals checked not from bank chap but by good property lawyer. Even better, buy this post RERA notification to be even more safer.<br /><br />This is latest news and speaks only about stock market listed real estate firms. If you add non-listed real estate firms, the debt amount will shoot up drastically.<br /><br />Rs 59K crore! The amount private real estate firm owe piles up :<br /><br />http://www.financialexpress.com/article/industry/companies/outstanding-debt-of-private-realty-firms-piles-up-to-rs-59000-crore/233438/<br /><br />The inventory/number of unsold flats is rising & debt is rising, it's simple to know what will happen next.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-48257828552182355762016-04-08T21:35:01.579+05:302016-04-08T21:35:01.579+05:30This comment has been removed by the author.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-26254072303772869962016-04-06T21:47:15.023+05:302016-04-06T21:47:15.023+05:30This comment has been removed by the author.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-39558356285758387592016-04-05T23:46:32.007+05:302016-04-05T23:46:32.007+05:30One thing you forgot - change of Govt both at cent...One thing you forgot - change of Govt both at centre as well as state & this is one Govt for which you can vouch it to be of corruption free.<br />Lot of builders in Pune got funded thanks to major scams including Irrigation scam running into tens of thousands of crores. It's no wonder that ex-heavy weight minister in previous Govt is cooling his heels in jail.<br /><br />Bhujbal and Peter: Of sharing cell and dabba<br /><br />http://timesofindia.indiatimes.com/city/mumbai/Bhujbal-and-Peter-Of-sharing-cell-and-dabba/articleshow/51692748.cmsTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-53749882106519154962016-04-05T23:13:12.044+05:302016-04-05T23:13:12.044+05:30Always focus on these points -
1. Don't fall ...Always focus on these points -<br /><br />1. Don't fall for rates being quoted by builder on salable area. Get it converted into CARPET AREA & then see what is the actual rate you are paying.<br />Crook builders can reduce the rates but increase the loading, thus total price based on carpet area may be same or much less discount than shown by builder. Calculate rates only & only on CARPET AREA. <br /><br />Keep chanting this mantra to get actual rate : Om Carpetaya Namah.<br /><br />2. If builder says prices reduced from say 6000 psf to 5000 psf, you need to first check whether any sale of flat has actually happened at 6000 psf, else builder can flatly lie by telling imaginary rate & then giving discount on this imaginary rate.<br />To check at what rate flats have been actually sold in the project, you can visit this Govt of Maharashtra IGR website & get the details by obtaining Index 2 of the flat. You get not just price but also date of agreement & also how many flats have been actually sold.<br /><br />https://esearchigr.maharashtra.gov.in/testingesearch/wfsearch.aspx<br /><br />Once you are done with the above, you will immediately realize how builders are making buyers a fool. This 4700-4800 rate will cross 7000-7500 psf on carpet & you will come to know whether flats have been sold at this rate or not as well.<br /><br />"Do you think the prices will go further down?"<br /><br />- Is there any reason for them going up or even staying at same level ? Had this been the case, there would not been cases of projects getting halted mid-way, builders going bankrupt.<br /><br />" If yes then by how many %? "<br /><br />- This I don't know but what I know is atleast I won't be buying unless prices fall by atleast 50%. At what price flat is offered is in builders hand, but to buy or not to buy is in buyers hand. But at the end of the day, it's the buyers who will drive the market.<br />Till then renting is better, cheaper, comes without liability & keeps you highly flexible. Today I am staying in one of the most sought after location, in one of the top notch projects in this area at a fraction of cost of EMI of a flat even in remote area. <br /><br />And do remember, whenever you buy, buy ready for possession flat with all approvals & get approvals checked not from bank chap but by good property lawyer. Even better, buy this post RERA notification to be even more safer.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-81663646277533040462016-04-05T22:31:42.772+05:302016-04-05T22:31:42.772+05:30Seems this is of year 2013, which is 3 years old. ...Seems this is of year 2013, which is 3 years old. Can you please update me with the latest status ? And it will be really nice if you can copy paste the same here so that I can also get feedback from my lawyers & ensure that flats having such problems related to land should not be purchased.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-16891320281192583682016-04-04T13:20:49.473+05:302016-04-04T13:20:49.473+05:30Dear TheMonk,
The Conveyance deed can't be don...Dear TheMonk,<br />The Conveyance deed can't be done base on Survey Nos., like in our case the entire land has only 1 survey no., no subdivision, schemes are actually part of a big layout, development takes place in phase wise manner. FSI of future Phases in consumed in previous Phases, TDR is yet to be loaded etc.<br />To understand limitations of doing conveyance in such cases kindly refer to the order passed by Hon. HC Judge Shri. Sonak in Writ Petition No. 11802/2013.Anonymoushttps://www.blogger.com/profile/11060123903476882222noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-2199189672628536062016-04-03T20:45:56.928+05:302016-04-03T20:45:56.928+05:30Hello Ravi Sir and TheMonk: The builders in Wakad ...Hello Ravi Sir and TheMonk: The builders in Wakad are already offering 4700 -4800 basic price (Discounted Scheme) Do you think the prices will go further down? If yes then by how many %? ThanksAnonymoushttps://www.blogger.com/profile/08680045210852613432noreply@blogger.com