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Saturday, December 9, 2017

Visit CREDAI PUNE METRO Mega Property Festival - Today or Tomorrow

A property exhibition of most trusted developers across Pune & Pimpri Chinchwad at SSPMS Ground near RTO:

I don't know what happened to me at CREDAI exhibition yesterday. While chatting with a group of real estate salespersons, I announced that henceforth I am going to write only positive about Pune real estate market. No criticism. No sarcasm. No negativity. Only positive. The guys took it as a joke. "I am serious!," I said. They stated laughing!

That's all I can say about my visit to CREDAI Pune Metro Mega Property Festival. See! I can be positive!!

Related Story:

1) 2018 will be Pune flat buyers' market

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For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

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  1. Several builders who are participating in this exhibition are bankrupt. Some already have cases filed against them by flat buyers. Then there are also those who still haven't handed over the corpus amount running into few crores back to the society of projects which was completed around 4 years ago, while new ones are already running 2.5-3 years late. Rather than spending money on such exhibitions, these crook builders should focus on completing the project or refunding the money back to flat buyers.

    If the prices are not reduced further & flats are not being delivered on time, things will only turn worse for builders. Already builders in Mumbai are officially giving atleast 25% cash discount. So their chelas, the Pune builders will also follow suit shortly.

    Builders offer price cuts, flexible payments at Mumbai exhibition to woo homebuyers -

    With the real estate market facing a slowdown, builders have come up with various measures such as price cuts, offers and sops to woo homebuyers.

    The four-day Maharashtra Chambers of Housing Industry (MCHI-CREDAI) exhibition, which started on Thursday, saw host of offers -- price cuts, no floor rise, exemption in goods and services tax (GST), flexibility of payment schedules and lenient loans.

    A case in point could be Rajesh Lifescapes, which introduced prices cuts in the range of Rs28 lakh to Rs1.4 crore for five projects. The company has reduced the price for a 2-BHK flat in its Kandivli project to Rs1.55 crore from Rs2crore, while 3-BHK apartments are priced at Rs4.30 crore from the earlier Rs5.7 crore in its Powai project.


    Low sentiments deepen slowdown in realty market in Mumbai -


    Mumbai real estate prices should correct further, says Knight Frank -


    Do watch the video in above link. It talks about coming bloodbath in real estate sector in coming time.

    And this one is about Pune real estate, where the real estate slowdown has affected PMC revenue collection by Rs.1744 Cr. These are official Govt figs which shows in how bad shape Pune real estate is. The good thing for citizens is that despite fall in revenues from real estate, the PMC is being compensated by Rs.1743 Cr by union Govt on account of GST revenue sharing, so the infrastructure work in PMC will not be affected much.


  2. No need to be positive or negative--pl be truthful & realistic.There is more than enough optimism in builder's advertisements.

  3. No point in attending these exhibitions. It is not at all useful. When you go to car exibition you can at least see the finished product but here just shiny brochures.