Give up hope of buying a flat in Pune - CREDAI

"Don't be stupid. 

Stop spreading rumors in the mainstream & social media. 

Because of the demonetisation of 500 & 1000 rupee notes 

the property rates in Pune real estate market are not going to go down." 

Announced Mr. Shantilal Kataria, 

President CREDAI Pune Metro in a press note.

Give up hope of buying a flat in Pune - CREDAI

When it comes to real estate market in Pune
CREDAI Pune Metro is the final authority.
Recently, we have realized this in the case of
Pradhan Mantri Awas Yojana - Maharashtra Housing Day
- 1 BHK Flat for Rs. 5 Lakh offer by Maple Group.
CREDAI Pune Metro certified that it was not a scam but a genuine offer.

When the president of CREDAI Pune Metro, Mr. Kataria announces that
the property prices in Pune real estate market will not go down
the flat buyers have to accept that as an ultimate truth.
Because in Pune real estate market the flat buyers do not matter.
In Pune real estate market only builders matter.

Removal of black money will reduce the property prices in Pune
and we will be able to own a home
was the hope of frustrated & frightened flat buyers in Pune.

A hope of being able to own a home in Pune is nothing but a weak & cheap sentiment
aroused in the ignorant minds of aspiring young flat buyers.

Yes, just hope. Not a fact. Not reality. Says Mr. Kataria.

Fact of the matter is - because of the demonetisation
& all other initiatives of Modi Government - like -
GST - Goods and Service Tax,
RERA - Real Estate Regulation Act,
Smart City Mission,
Swacch Bharat Mission,
Housing-for-All,
infrastructure development programs like ring road, Metro & Local Train etc,
and the effects of these initiatives like -
urbanisation,
migration,
job creation,
low home loan interest rates,
foreign direct investment etc.
are going to boost the demand of housing.
And the high demand will increase the property rates in Pune.

What is the intention of Mr. Kataria behind revealing the truth of impending property rate rise in Pune real estate market?

The reason is certainly not to insult the aspiring flat buyers in Pune.

The reason may not be to clear the myth that Modi Government is pro young citizens of India.

The reason may not be to claim that like previous governments, Modi Government is also the builders' government.

My guess is - Mr. Kataria wants aspiring flat buyers in Pune to enjoy a good life.

His hidden message is -

Stop hallucinating of being able to own a home.

Give up hope of owning a home.

Stop saving for down payment.

Start splurging. Shop till you drop.

Instead of visiting builders websites - keep on browsing Amazon and other online stores apps on your mobile.

Instead of visiting property exhibitions - visit shopping malls & multiplexes.

Instead of visiting builders' site offices - have a great time in pubs, restaurants & resorts.

In short, the president of CREDAI Pune Metro says, don't bother us.

How noble are Mr. Kataria's intentions!

He has told us something which our parents never told us.

Parents are insisting to buy a flat and settle down - which is practically impractical in this age.

Mr. Kataria has told us which everyone of us wanted to tell his or her spouse but never dared to say so bluntly.

Don't assume that only death can do us part. Lifestyle, job, colleagues, drinks & drugs, sex are more powerful than the death.

Life is not secure anymore.

We all are floating.

There is no job security.

Possibility of becoming unemployable is certainty.

Artificial intelligence is ready to take over our jobs.

Raising a child has become unaffordable.

Education is very expensive.

Medical treatment is exorbitant.

Jobs are making us mentally & physically unhealthy & unfit.

There is no pension. No social security.

No one knows how to survive the old age.

In this situation what is the point in saving for down payment and keeping on paying 50 - 60 per cent of monthly income as EMI for the next 20 - 30 years?

Enjoying every day as the last day of your life - make sense.

Instead of becoming a homeowner - becoming a consumer is more fun.

Instead of paying EMI - paying rent is cool.

Giving up hope of buying a flat makes sense.

Thanks Mr. Kataria, president of CREDAI Pune Metro, we will not wait & watch for property rates in Pune to go down - we will never aspire to book flat - we will never bother the builders in Pune.

May god bless you with ever increasing property rates in Pune real estate market.

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1) Renegotiate the agreement value of your flat

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