tag:blogger.com,1999:blog-5269558537262232516.post8419261985099640015..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: Maharashtra will have interim RERA by October 2016Ravi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5269558537262232516.post-50131009777139531542016-05-08T22:09:31.518+05:302016-05-08T22:09:31.518+05:30Thanks TheMonk. Cleared my doubts.
>>it will...Thanks TheMonk. Cleared my doubts.<br />>>it will reduce the human interface and provide a structural framework to create an online single-window system<br />This is definitely going to see a lot of resistance.Anonymoushttps://www.blogger.com/profile/15370066012571270152noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-78730062293900363852016-05-06T17:15:16.732+05:302016-05-06T17:15:16.732+05:30First, RERA & MBBL will certainly clamp down o...First, RERA & MBBL will certainly clamp down on corruption.<br />Second, large section of builders themselves don't want corruption to end simply because their business mostly runs on this very corrupt money. We already know about lot of builders in Pune who are just fronts of politicians. <br /><br />Indiabulls sponsored Chhagan Bhujbal trust Rs 2.5 cr for festivals, got library contract: ACB<br /><br />http://indianexpress.com/article/india/india-news-india/chhagan-bhujbal-indiabulls-nashik-festival-anti-corruption-indiabulls-chhagan-bhujbal-trust-2786691/<br /><br />Reduction in corruption means reduction in these type of builders ! So we should welcome reduction of black money in real estate. With ED, IT going behind benaami properties, many people are now running away from RE.<br /><br />It was this black money which helped builders to sustain even when there was no demand. With this money out, builders will be forced to price according to market dynamics which means fall in prices.<br /><br />This is good for those who want to be ethical, customer oriented builders & the buyers.<br /><br />In short, rogue elements will be reduced, if not completely eliminated & transparency will increase. <br /><br /><br />Building ground for transparency :<br /><br />If only the New Model Building Bylaws (MBBL) announced by the Union Urban Development Minister M Venkaiah Naidu is followed in letter and spirit, it will reduce the human interface and provide a structural framework to create an online single-window system, thereby reducing corruption as well.<br /><br />http://www.tribuneindia.com/news/real-estate/building-ground-for-transparency/213267.htmlTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-14901343792532678722016-05-05T12:32:55.627+05:302016-05-05T12:32:55.627+05:30One should simply wait till end of 2017 which will...One should simply wait till end of 2017 which will be the time when entire set-up of RERA will be ready. Better save money today, & buy later ready possession flat with all approvals at discounted rate. Thus you have RERA, financial savings & peace of mind.<br /><br />Please do read this wonderful article about real estate - greed making rich people poor & investors err hoarders making losses. Shows the true facts with simple examples.<br /><br />Real estate — need, aspiration or megalomania?<br /><br />First things first, there is no shortage of land supply in India. Ajay Shah of the National Institute of Public Finance & Policy, in a now famous argument, made it clear that at an FSI (Floor Space Index) of 1, India’s entire population may be housed and placed in office/factory spaces and that would still use up only 1 percent of the total land area of the country. Imagine if we moved to FSI of 2, that area would double.<br /><br />Some very rich people I knew, are not so rich anymore because they have liquidated their capital market portfolios and taken huge bank loans to buy properties that are worth more than their entire net worth. So they now no longer have portfolios. They have a house. And a job – to pay for the maintenance and other bills.<br /><br />If you are buying real estate, stop to think once – do you need it, is it aspirational or are you just suffering from a need for excesses – of status, power and more.<br /><br />http://forbesindia.com/blog/business-strategy/real-estate-need-aspiration-or-megalomania/TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-38500882415890465172016-05-05T10:44:26.867+05:302016-05-05T10:44:26.867+05:30Ravi, TheMonk, question to you.
I was discussing t...Ravi, TheMonk, question to you.<br />I was discussing the reduction of black money flow in the RE business with a friend of mine who is associated with RE. He mentioned that though the flow of black money investment in RE has reduced, the middle officers that the builders have to deal with to start on a project still havent stopped demanding chiri-miri. So, will RERA ensure that the corruption related to RE will be stopped/controlled/reduced at all levels, so that builders could possibly work within the set rules without having to pay chiri-miri, and possbily pass on the benefits to the buyers in terms of reduced prices? No doubts RERA will ensure that the buyer is not duped, but can it be instrumental in bringing down the cost of flats?Anonymoushttps://www.blogger.com/profile/15370066012571270152noreply@blogger.com