tag:blogger.com,1999:blog-5269558537262232516.post7218037679334823813..comments2024-03-29T12:35:39.036+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: 8 Signs You Are a Hopelessly Ignorant Pune Flat BuyerRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-5269558537262232516.post-17366314101760994422017-07-13T11:10:12.224+05:302017-07-13T11:10:12.224+05:30Hi. We have 2 1bhk flats one at bibvewadi and anot...Hi. We have 2 1bhk flats one at bibvewadi and another at paranjape forest trails bugaon. We have recently sold the one at bibvewadi for 35L and are looking to buy a 2bhk. This 2bhk will be our final property as we won't have any budget left. We are getting a good 2bhk flat in forest trails. We have heard that bugaon road is going to become a state highway. We are confused if we should buy 2bhk in warje (which will help us retain our remaining 1bhk as investment) or to buy a 2bhk in kothrud buy selling remaining 1bhk as well (in which case there won't be any left as investment) or to buy a new 2bhk here only at forest trails bugaon... Will the bugaon area develop in near future? TanujaGhttps://www.blogger.com/profile/14473224042211303236noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-90537198365735852862016-10-21T11:23:11.441+05:302016-10-21T11:23:11.441+05:30Currently gov is doing screening work of proposed ...Currently gov is doing screening work of proposed airport. There are several geo-political, social factors which can affect gov decision to build airport. As mentioned above, politicians are pushing hard for khed, rajgurunagar due to their vested interests in nearby real estate.<br /><br />For a common investor or speculator, entry point of RE is skewed since big fishes have already purchased properties in Inception Phase. Prices are already inflated & based on the prospects, prices are inflated further. Common man invests during Development Phase or Exhaust Phase, the point where prices starts to fall or stalls. One can feel prices are going up but most of the time coz of inflation. You are fetch more return by staying invested in FDs or debt securities.<br /><br />People with black money component use to provide liquidity in RE, but thanks to gov, with black money sources are drying rapidly, this sector may see non-liquidity ahead. One can consider such investment as 'Dead Paper Asset'. <br /><br />From a investor or hoarder point of view, one must evaluate potential investment fundamentally. Do we have proper approach road? What about sources of water? (Saswad is situated on plateau where ground water is hard & prone to less rainfall). Avg temperature during summers, round trip time to reach core areas. Vegetation? etc.. <br /><br />How can people blindly charge towards investing lacs of rupees based on some news?Unknownhttps://www.blogger.com/profile/10670526155019774774noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-50859138965967955592016-10-20T21:55:35.634+05:302016-10-20T21:55:35.634+05:30Khed was also selected few years back and everyone...Khed was also selected few years back and everyone rushed. Just wait for next election if no work starts airport might move to Baramati ;)Anonymoushttps://www.blogger.com/profile/05722108526672969961noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-55332893904844967542016-10-20T18:20:25.005+05:302016-10-20T18:20:25.005+05:30Don't know why discuss in detail of which noth...Don't know why discuss in detail of which nothing is there on ground, even notice for land acquisition. And success of airport wherever it is also depends on interest show by airlines to fly from there, which includes charges, facilities, passenger & cargo market etc.<br />Btw, see this latest development, LoL.<br /><br />Khed steps forward to encash Purandar unease -<br /><br />Khed villagers willing to give 1,800 hectares of land for the airport project if Purandar villagers continue stir; proposal forwarded to state government.<br /><br />Khed villagers are hopeful that if the opposition from Purandar villagers continues, they stand a good chance to get back the airport. After proposing 1,800 hectares land for the airport, Khed MLA Suresh Gore has put forth the proposal to District Collector Saurabh Rao, seeking intervention from the state government. Shirur MP Shivaji Adhalrao-Patil, who too is pushing for the airport in Khed, has already had a detailed discussion with Chief Minister Devendra Fadnavis about the site.<br /><br />http://indianexpress.com/article/cities/pune/maharashtra-khed-steps-forward-to-encash-purandar-unease-3090374/<br /><br />And since you talked about IT, this sector has already saturated. Whatever new development will come will be towards Nagpur now which is good as it helps in overall development across the state, reducing migration. And do read this latest interview of VS of Infy where he says emphasis will be on automation, which means don't expect large number of jobs being created as before in IT.<br /><br />Only way to counter downward IT spiral is through automation: Vishal Sikka, Infosys <br /><br />http://economictimes.indiatimes.com/tech/ites/only-way-to-counter-downward-it-spiral-is-through-automation-vishal-sikka/articleshow/54912617.cmsTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-23170670562388429662016-10-19T23:45:22.409+05:302016-10-19T23:45:22.409+05:30Your nuts....dats my opinion...Your nuts....dats my opinion...Anonymoushttps://www.blogger.com/profile/10935715213668948124noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-55114891985328781332016-10-19T09:51:48.165+05:302016-10-19T09:51:48.165+05:30But considering Saswad is just 4-5 KM away from th...But considering Saswad is just 4-5 KM away from the proposed airport and is already a Taluka place and is decently developed (more developed than the so called developing areas near Pune), will it show some signs of becoming a bigger developed city ?<br />Since it's an international airport, many industries including IT may develop in the vicinity which may lead to increasing demand for residential projects.<br />What's your opinion on this? Sujit Kamthehttps://www.blogger.com/profile/05183030052541119231noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-2915354566555396542016-10-19T09:44:18.830+05:302016-10-19T09:44:18.830+05:30As per my information there is huge water scarcity...As per my information there is huge water scarcity around Saswad area. Also summers are very hot. <br /><br />In such situation it doesn't make sense to invest in properties around saswad just coz of emerging international airport. It could be good for people who travel abroad frequently. Also imagine incredible humming sound of jet engine throughout the day & night.Unknownhttps://www.blogger.com/profile/10670526155019774774noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-27276655258581497822016-10-19T09:37:58.104+05:302016-10-19T09:37:58.104+05:30I strongly suspected this could be some kind of &#...I strongly suspected this could be some kind of 'Ponzi scheme'.Unknownhttps://www.blogger.com/profile/10670526155019774774noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-52075444984282362392016-10-19T09:36:22.335+05:302016-10-19T09:36:22.335+05:30Many thanks for educating us about plot schemes. T...Many thanks for educating us about plot schemes. The Monk!Unknownhttps://www.blogger.com/profile/10670526155019774774noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-69722113442965120992016-10-19T06:39:07.071+05:302016-10-19T06:39:07.071+05:30Thanks for sharing valuable information, TheMonk! ...Thanks for sharing valuable information, TheMonk! Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-74953243772503041312016-10-19T06:36:13.080+05:302016-10-19T06:36:13.080+05:30Very true!Very true!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-1904879869987507222016-10-18T22:41:44.790+05:302016-10-18T22:41:44.790+05:30"committed to buy back the same plot after 3 ..."committed to buy back the same plot after 3 yrs at double rate & it will be written contract."<br /><br />- LoL. Had this been so simple, everyone on this planet would have put money into such schemes ! Please check these links below -<br /><br />No such thing as assured returns in realty -<br />Beware of builders that promise guaranteed returns. It’s a false promise <br /><br />http://www.livemint.com/Money/j6ZKLFJtd7LvaNUJRDvHdI/No-such-thing-as-assured-returns-in-realty.html<br /><br />How is Mantri Realty Offering 100% Return in Three Years? -<br />http://capitalmind.in/2014/07/how-is-mantri-realty-offering-100-return-in-three-years/<br /><br />Mantri news is 2 years old. Early this year, builder went bankrupt & court has confiscated the passport of builder, former area commander of Mumbai of Lashkar-e-CREDAI-MCHI - Sunil Mantri for defaults.<br /><br />Mantri Realty in big trouble as Bombay HC orders seizure of firm's assets-<br />The Bombay high court has directed an official liquidator to take physical possession of all assets, books and records of real estate company Mantri Realty.<br />The court has also restrained Mantri and the company from selling any of its assets and properties, or creating any third party rights on it. Mantri was asked to deposit his passport with the court, with the HC saying its order should also be communicated to the chief of immigration at the international airport and the regional passport officer. A plea to stay the court's order was rejected.<br /><br />http://realty.economictimes.indiatimes.com/news/regulatory/mantri-realty-in-big-trouble-as-bombay-hc-orders-seizure-of-firms-assets/50570926TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-69710370022660188522016-10-18T22:19:03.511+05:302016-10-18T22:19:03.511+05:30It's still proposed Pune international airport...It's still proposed Pune international airport. Location has been selected, land has not yet been acquired. Let work of airport start & then see what happens.<br />Pune airport like Mumbai, Delhi, will also be based on PPP or public private partnership. Till land acquisition is not completed & contract for building & operating the airport is not handed over, this would be nothing but speculation.<br />Also, areas very close to airport are not good for residential purposes either, nor it means good quality residential development near it.<br />Eg. Kempegowda International Airport of Bangaluru is over 45 kms from city but nothing special near airport from residential perspective.<br />So let Govt policy be clear, work on airport on ground start so that there can be some concrete factors to discuss upon. As of now, it's just talk in the air.<br />Btw, Panvel real estate prices have fallen despite new Navi Mumbai airport coming up near to it !<br />TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-64783806857501969922016-10-18T22:07:24.620+05:302016-10-18T22:07:24.620+05:30Before buying any plot, do get legal checks done t...Before buying any plot, do get legal checks done thoroughly, not just of your plot but entire project earmarked by the builder. Many builders sell agri land as proposed NA plot, which is pure cheating. See the news of few weeks old below, it's of Tamhini ghat only.<br /><br />Demolition comes knocking as pvt players usurp forest dept land :<br /><br />If you are a Punekar aspiring for a piece of the verdant hills surrounding the city, please run your checks carefully before you pitch that investment. Investors in Kundalika Valley — a project offering farm plots — ensconced close to the Tamhini Wildlife Sanctuary, were delivered a rude shock on Thursday, when the forest department knocked down several installations at the site, which has encroached on land owned by the forest department.<br /><br />The project, spread over 192 acres, offers 240 farm plots of 11,000 square feet each, at the price of approximately Rs 20 lakh. A billboard outside the site proudly offered the clients “clear title” plots.<br /><br />http://www.punemirror.in/pune/cover-story/Demolition-comes-knocking-as-pvt-players-usurp-forest-dept-land/articleshow/54592197.cmsTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-23552592694513075612016-10-18T15:21:55.903+05:302016-10-18T15:21:55.903+05:30Since you mentioned about the Pune international a...Since you mentioned about the Pune international airport.<br />As the airport is proposed at Saswad, which is just 30km away from Pune.<br />Does this mean the Saswad would become the next developed city and people would start investing in real estate at Saswad.<br />Does this have any impact on Pune real estate ?<br />How many years would it take before people start buying homes at Saswad instead of Pune ?Sujit Kamthehttps://www.blogger.com/profile/05183030052541119231noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-33033548712149276542016-10-17T11:06:44.583+05:302016-10-17T11:06:44.583+05:30Recently I came across a plot scheme in Tamhni Gha...Recently I came across a plot scheme in Tamhni Ghat offering at 75k/ guntha. They said that they are committed to buy back the same plot after 3 yrs at double rate & it will be written contract. Meanwhile, they are ready to take up farming activity on plot & the earning would be sharing with owners. <br /><br />Can you please guide about authenticity of such schemes? I have observed this type of schemes are offered for low price tagged plots.Unknownhttps://www.blogger.com/profile/10670526155019774774noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-51785923640034903522016-10-17T07:05:44.512+05:302016-10-17T07:05:44.512+05:30Thanks for adding value, TheMonk!Thanks for adding value, TheMonk!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-54074821778286570972016-10-17T07:03:40.154+05:302016-10-17T07:03:40.154+05:30Very true, Kedar! Nobody cares for citizens & ...Very true, Kedar! Nobody cares for citizens & development of the city. Thanks for sharing valuable information. Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-54779784365664037102016-10-17T07:01:18.871+05:302016-10-17T07:01:18.871+05:301) Legal 2) Proposed development 3) Third Party Qu...1) Legal 2) Proposed development 3) Third Party Quality Audit at the every stage of construction. Thanks for adding 3 important points, TheMonk! Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-8499317838713726102016-10-17T06:57:00.055+05:302016-10-17T06:57:00.055+05:30Village Gram Panchayat is a local government. Wher...Village Gram Panchayat is a local government. Whereas PMRDA is a development authority for integrated infrastructure development of areas coming under PMC, PCMC & 400 - 800 fringe villages. Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-48054674660055973662016-10-17T06:49:18.962+05:302016-10-17T06:49:18.962+05:30True, Prasad. Merger of a fringe village in PMC / ...True, Prasad. Merger of a fringe village in PMC / PCMC is a trap. Thanks for adding!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-71363127546049180432016-10-16T18:33:19.036+05:302016-10-16T18:33:19.036+05:30"Actually these fringe areas were to be inclu..."Actually these fringe areas were to be included in PMC and accordingly notification was also issued but everything is pending bcoz of political reasons! Nobody cares for common citizens and development of this city!"<br /><br />- The merger was due to political reasons & it's pending due to practical reasons.<br />The Baramatikars purchased land in fringe areas, built projects, didn't pay a dime to PMC/PCMC but then wanted area to be included in PMC/PCMC limits so that they can get free of cost infrastructure. Nanded City is in gram panchayat but still PMC constructed a flyover which only helps Nanded City & 4 lane concrete road (on land not owned by PMC) till this project from Pune's tax payers money, why ?<br /><br />The reason why this merger has been canceled as of now is because PMC/PCMC doesn't have enough resources to provide good infra within the existing municipal corporation limits & adding these new areas would have made entire budget go for a toss. The only people complaining are guntha-mantris & builders having political patronage who wanted to build cheap & sell high. Just for these handful of crooks, why should lakhs of tax paying citizens suffer ?<br />Just like Navi Mumbai, let new municipal corporation be formed for fringe areas rather than burdening PMC/PCMC.<br /><br />Btw, the Baramatikar goons, CONgress are now opposing Pune airport at Purandar just because they have purchased land at Chakan & wanted compensation in crores from State Govt. Now that their land speculation has gone for a toss, they keep blaming State Govt, PMRDA etc.<br /><br />PCMC Polls 2017: Candidates face disqualification if linked with illegal constructions -<br /><br />In a first, the election office of the Pimpri-Chinchwad Municipal Corporation (PCMC) has said if any candidate or his close family members are found to have been involved in illegal constructions, he or she will be disqualified from contesting the elections. PCMC poll candidates will have to submit an affidavit to the effect while filing their nomination forms. The move is likely to hit several sitting corporators, especially from the ruling NCP, civic officials said.<br /><br />http://indianexpress.com/article/india/india-news-india/pcmc-polls-2017-candidates-face-disqualification-if-linked-with-illegal-constructions3079537/<br /><br />This provision was always there in law but NCP-CONgress never applied this law ? Why ? Because they happened to be major beneficiary in illegal constructions & then regularizing them & providing them infra from the pocket of honest tax paying citizens.<br /><br />The citizens & flat buyers are not ulloos the way guntha-mantris & builders want them to be. If someone has bought land, flat based on proposed merger with PMC/PCMC, it's the price they pay for their speculative decision. Neither buyers are asking builders to build in third class location, nor is the Government. So no point in blaming either of them for poor decision taken on part of builders.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-34421532261763179122016-10-16T17:49:46.844+05:302016-10-16T17:49:46.844+05:30Actually PMRDA was formed to be a far bigger corpo...Actually PMRDA was formed to be a far bigger corporation than PMC and PCMC together covering more than 3500 sq km area to streamline development in the fringe areas of PUNE on the side lines of MMRDA in mumbai but sadly the decision has been made without doing enough groundwork and due to this it has become nothing but a sanctioning authority having no uniform rules. It has created bigger mess in the development and planning of fringe areas. Actually these fringe areas were to be included in PMC and accordingly notification was also issued but everything is pending bcoz of political reasons! Nobody cares for common citizens and development of this city!Kedarhttps://www.blogger.com/profile/15504232803941980915noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-29603464607412027372016-10-16T17:31:22.422+05:302016-10-16T17:31:22.422+05:30Ravi,
This is indeed one of the most valuable post...Ravi,<br />This is indeed one of the most valuable post which is universally true. This once again shows how education & common sense is not linked with one another !<br /><br />" If you know a few more signs of a hopelessly ignorant flat buyer, please, add in the comments."<br /><br />9. Buying flat without doing thorough LEGAL CHECK of the complete project :<br /><br />Legal check is the primary & critical thing which needs to be done even before paying any token/booking amount.<br />Apart from sanctions, EC, land records for past 30 years etc. one should also have details about the mortgage. It has been seen that builders mortgage the project, default & then banks/NBFC take-over the project & buyers loose their money as well as their flat & then need to go & fight in court.<br /><br />10. Buying flat based on PROPOSED stuff :<br /><br />Builders try to sell flat on non-existing stuff which is beyond their control like proposed metro, proposed ring road, proposed airport, proposed IT park, proposed SEZ, project in gram panchayat which is proposed to be merged with PMC/PCMC......proposed stone, proposed brick etc. <br />However, the most idiot buyers/yedas are those who buy based on proposed PMC/PCMC water supply, proposed road, LoL. Which tribe do such buyers belong who don't give importance to most basic things like drinking water & road ?<br /><br />Apart from this, it is always good if buyers demand a third party certified lab quality tests report for the project of their interest. Builders in almost all cases won't be able to give that as he is least bothered about quality but when buyers start asking such questions, builders will get a clear message that buyers won't be taken for a ride easily.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-42881824628002624812016-10-16T16:17:53.795+05:302016-10-16T16:17:53.795+05:30Ravi sir, can you please explain us is PMRDA bette...Ravi sir, can you please explain us is PMRDA better than a gram panchayat. For eg. Mahalunge, Sus are under PMRDA, does this make PMRDA equivalent to a Corporation or it has less powers than a corporation but more than a gram panchayat Anonymoushttps://www.blogger.com/profile/17668458907279684993noreply@blogger.com