Do it yourself! Join a group and develop your own bungalow!!
On last Friday (20th February '09) morning, when i saw full page ad of Paranjape Schemes' Forest Trails bungalow township at Bhugaon, i called Mr. Vinay Deshpande. Mr. Deshpande is one of us who is very much interested in owning a bungalow in Pune.Few months ago, at the end of our first call about Forest Trails and other bungalow projects in Pune, Mr. Deshpande has let me save his mobile phone number and had told me to feel free to get in touch with him anytime. Otherwise, when you call me, i make it a point to delete your phone number. Because, as a salesman i am trained to save your cell number and keep on bothering you by calling, "When are you visiting the site?"
I was curious to know Mr. Vinay Deshpande's take on owning a bungalow in the present circumstances. I haven't met Mr. Deshpande and have had only one conversation with him but for me he is just like an unofficial ambassador of all those IT professionals working in US and NRIs who are interested in R2I, return to India. He has that typical approach towards Pune real estate market and the state of Indian economy which i have found out in all conversations with my U.S. readers who call me regularly.
"Now, along with my couple of friends in US, i am exploring the possibility of trying to develop a small bungalow scheme on my own. It would be better than going for any builder. Otherwise, i am happy to rent till i am in Pune," said Mr. Deshpande.
"Great idea! Can i blog this?" i asked him. "Sure, give my email id vinaydeshpande@gmail.com As it is, i work at night and have quite a free time in a day. Ravi, I believe that building a bungalow at a reasonable distance from Nalstop Chowk on Karve road in Pune, without crossing 1 corer price tag, is quite possible!" said Mr. Deshpande. I said "Jai ho!" and put the phone down.
What is your take on forming your own housing group?
I blog about this type of initiative, groups like insignia and ITWAP, or individuals like Ashish Yadav and Vinay Deshpande, because i believe in them. Growth of Pune real estate market has happened because of these enterprising people.Paranjape Schemes's townships, Blue Ridge Hinjewadi and Forest Trails Bhugaon, may be the first effort done by any professional builder in the recent times. I am not considering Kumar Properties and Avinash Bhosale Groups's Megapolis because they had followed MIDC's plan. Otherwise, Pune builders had followed these group as city went on expanding.
Without any support from the government, like special township act or without any foreign direct investment these people had provided housing to many families. Take any corner of the city, today these societies, Maji Sainik Vasahat on Paud road or Empress Garden View Society at Sopan Baug on Hadapsar road, have become a land marks.
What do you feel about these initiatives? Would you like to join them or do you prefer to wait for the builders to lower the property rates? Do you believe in finding housing solutions on your own or expect government and builders realize their social responsibility to provide housing for you? Please, share your views in the comments. (Comments Policy)
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Why Proce Protection is not offered by all reputed builders? when prices are down by 10-20%, PBAP should ask to builders to drop rates for all those who are stil waiting for their possesion of property and are paying high interest rate EMI. Can consumer forum or Govt do something in this regard?
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