The wise old man

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Sub-registrar office, Hinjewadi

Last Friday, on my birthday, I became older & wiser too. Becoming older - was quite natural. But, me, Ravi Karandeekar, becoming wiser was not. For this unnatural change in me, credit goes to Mr. Kishor Pate, Chairman & Managing Director, Amit Enterprises Housing Ltd.

Mr. Kishor Pate told me that in 2012, only 40 per cent of flats in Pune real estate market are booked by "home buyers" - actual end users. Rest of the 60 per cent flats are booked by the "investors". Out of these 60 per cent flats - 35 - 40 per cent flats are "investment properties" for renting out. And the balance, 15 - 20 per cent flats are bought by NRIs for their future self-use. And by the real estate speculators - by the investors to earn appreciation.

Mr. Pate's analysis of year 2012, told me that there is no point in my taking the side of actual home buyers who are in minority. It means that I should stop writing about sufferings of actual home buyers.

If I keep on sharing how Nalini & Swapnil are suffering because of the water seepage & leakage in Sangria Towers - Megapolis Hinjewadi Phase 3, the investors would keep on writing bad comments about me. Because, the truth about Sangria Towers may affect the investors' rental income & appreciation.

At the same time, if there are less number of actual home buyers, why will any builder bother about reasonable property price, good construction quality, timely possession & responsible customer service after the possession?

It means that if I keep on taking the side of actual home buyers, I may hurt the majority property buyers in Pune and all the builders. Which could be quite risky, as some of my builder friends are suggesting me for quite a while.

Instead of that, if I stopped taking the side of 40 per cent minority, the actual home buyers in Pune and focus on the majority, 60 per cent investors, NRIs & speculators, my blog would be more popular. If my blog becomes more popular, I can earn more advertising revenue from Google. More number of NRIs will call me on 919860044110 and will pay me more for advising about investing in Pune real estate market.

Not only that! As some of my readers write in the comments, all builders in Pune will start paying me loads of money for writing about their projects. As some brand consultants have suggested, some builder will sponsor my blog and will send me on a world tour to promote his project.

Thanking Mr Pate, I decided to be wise. You know which project is the most ideal to start taking the side of majority property buyers in Pune. Xrbia Hinjewadi. Pune real estate investors' dream!

I called Tushar of Gadgil Capital Services. Xrbia has outsourced the work of 'registration of agreement' to this P N Gadgil group company. I told Tushar that, now, I am changed. On his birthday, Ravi Karandeekar has become wise. Now, I feel proud that Dajikaka Gadgil's company has joined hands with Rahul Nahar. Now, ethics & business opportunity don't put me in a dilemma. I want to write positive blog on Xrbia. I want to meet the investors and share their views.

Then I called Mr. Sachin Kulkarni, M D, Vastushodh Project Pvt. Ltd. I told him that from today, I am not going to admire him anymore. He asked me why. I said, "Sachinsaheb, I will call you 'my dear friend' only if you stop developing UrbanGram & AnandGram. Now, every builder who develops projects for the 60 per cent property buyers in Pune is my friend. And the builder who focuses entirely on investors is 'my dear friend'. If you want to become 'my dear friend', you have to become Rahul Nahar!"

"Birthday wish! Let us meet and talk. When can you come?," Mr. Sachin said.

"Only after meeting investors of Xrbia. My first priority!," I said and left for Hinjewadi. When I reached Chandani Chowk, there were no tum tums. That day, no six seaters were running between Katraj to Wakad on Mumbai Bangalore Bypass. Because of the wedding of Avinash Bhosale's daughter and Patangarao Kadam's son at Balewadi stadium. Someone in the crowd at Chandani Chowk said.

"But why stop only six seater tumtums?," looking at the traffic of cars, buses & trucks on the road some other fellow said.

"It's nothing but a fight between the auto rickshaw walas & tumtum walas. Some people never forget their past," someone said and explained that at one point of time, Avinash Bhosale was an auto rickshaw owner.

Stranded on the expressway, I was late reaching the Sub Registrar's office. All ten investors had already gone. No one was there. Except an executive of Gadgil Capital Services. So, I called Tushar and explained the delay.

"I had personally come with a birthday cake to Sub Registrar's office! I wanted you to cut the cake and celebrate the change!! But, since you didn't turned up, I thought you must have changed your mind - gone back to your old ideology!," Tushar said.

"No! No going back!! Now, I am with 60 per cent!!!," I said.

"In that case, you should have called me! I would have sent a car for you!," Tushar said.

"Look! Ravi Karandeekar. Cake. Car. Being wise is really good!," I told myself.

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