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Wednesday, December 14, 2016

Marathi builders are putting a brave face on RERA

Builders claim that RERA is good for business
But anybody can see how frightened they are!

Marathi builders are putting a brave face on RERA

After the establishment of regulatory authority - every business has prospered.
For example, telecom industry.
The same way - RERA - Real Estate Regulatory Authority in Maharashtra - is going to boost the growth rate of real estate industry in Pune. (Means - we all are going to become more prosperous!)
So, be positive about RERA.

The next 2 - 3 years are tough.
Don't go for foreign tours.
Keep your luxury cars at home.
Stop wearing expensive clothes, eyewear, shoes, belts, & jewellery.
Attend office regularly.
Visit your site. Buy safety shoes for the site visits. Dirt & nails are lying around the site.
Don't ignore the flat buyers.
Behave like a businessman.
Be serious.
Always remember that 24 x 7 you are under observation.
Flat buyers, Punekars, officials...keep constant watch on us.
Better focus on completion of project. Give possessions.
If you do this sincerely - you do not have to worry about RERA.

For the last so many years we were playing against the cricket team of Bangladesh.
We were winning every match because the opponent was weak.
Now, our match is against the powerful team of Australia.
So, play like Dravid. Safe. Solid. Defensive. Watch every ball carefully.
You can win the match against RERA just by occupying the crease.
Don't worry.

Government imposed RERA mainly to teach a lesson to the builders in Delhi & NCR.
Not for us.
For years we were following MOFA. As much as we can.
Compared to Mumbai, we builders in Pune are law abiding decent people.
Out of all builders in Pune,
We Marathi builders are more ethical, more trustworthy & more transparent.
That's why we do not have to worry too much about RERA.

One after another, senior Marathi builders & legal experts were expressing their views about RERA. Not the exact words, but they meant something like this. It was a seminar of Marathi Bandhkam Vyavsayik Association (MBVA) at Pimpri Chinchwad.

After a week or so, I don't remember the exact words, but the main theme of the seminar was:
"There is nothing frightening about RERA.
Except a few points - there isn't anything new in RERA.
Make a few changes and you are ready for RERA."

After the seminar I felt ashamed of myself. I realized that all these years I was carrying wrong impression about these gentlemen.

You know? For me the builders were "Urban Bandits". Like the bandits of Chambal.

Daredevil 'Urban Bandits' who had guts to earn fortune by playing corrupt bureaucracy & skimming weak legal system. Like some daredevils who used to smuggle gold, silver & electronics.

All these years, I had a wrong impression that these 'Urban Bandits' were the product of wrong government policies. They thrive only in lawless corrupt environment.

How wrong I was!

After the seminar on RERA, I realized that the builders are not 'Urban Bandits' who are looking for quick & big bucks. They are gentlemen. Like you & me. Who respect law & order. At least, they pretend to. Which is equally good. Isn't it? What say you? Please, share your views in the comments.

Related Story:

1) Maharashtra RERA Rules Published!

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  1. Ravi it is going to be a busy year for you covering all that is going to happen in 2017!! M sure an exciting year for all your readers!!

    And for that sales manager who while negotiating at ivy estate said me "sir real estate aapke Hisab se nai chalega" - witness this change!!

  2. "After the establishment of regulatory authority - every business has prospered. For example, telecom industry. "
    - And in this they should know how Maxis, Uninor ended up due to their crooked operations. MBVA is nothing more than local Lashkar-e-CREDAI & most MBVA dacoits are also part of Lashkar-e-CREDAI. Darode-Jog, Amit Entp housing ltd are some of the best known crooks fooling their buyers.

    If RERA indeed becomes effective, size of MBVA will be such that entire MBVA members can sit on the stage together ! But since lot of builder lobby is at play to dilute RERA provisions in Maharashtra, we need to see how much spine this State Govt shows. But whatever is the case, buying ready for possession flat with all approvals post crash in prices is the only good way to buy flat, with or without RERA.

    1. Rightly said, buying ready for possession flat with all approvals post crash in prices is the only good way to buy flat.