tag:blogger.com,1999:blog-5269558537262232516.post1883060840999180701..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: A visit to Rucha Vantage, 2.5 & 3 BHK Flats at Baner, PuneRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5269558537262232516.post-10993250282194734892017-03-10T00:45:02.005+05:302017-03-10T00:45:02.005+05:30You are right monk, construction cost is not that ...You are right monk, construction cost is not that much high in practical. For 5 floor building it is hardly 1200 Rs per sq feet and for 15 floor building it is around 1600 Rs per sq feet. I have developed various projects but my construction cost is never exceed 1500 Rs per sq feetAnonymoushttps://www.blogger.com/profile/01424582606899045812noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-46604747369822084682017-03-08T00:22:10.535+05:302017-03-08T00:22:10.535+05:30" Though our construction cost is on higher s..." Though our construction cost is on higher side - around Rs. 2,700 per sq ft"<br />- Does builder thinks that all buyers are from Alibaug ? Fekne ki bhi limit hoti hain.<br />I know people who work in L&T, Shapoorji Pallonji who do EPC work for major realtors & this is certainly not the cost. This builder is not even providing anything special in the project, & even the flooring is lame vitrified, nor is it 60+ floors. Seems that the contractors are looting the builder :p<br />And as this issue of construction cost & land has come up, the actual rate/sq ft for buyer turns out to be atleast 11,000/sq ft. So even at today's land rates & construction cost, the builder is still making 3x profit & still keep crying how profits are less & how flats are very affordable !<br />If 1.1-1.4 Cr is affordable for middle class, then I am sure that this year, the sales of Mercedes, Bentley, Rolls Royce will be more than Maruti + Hyundai + Tata combined !<br /><br />Now 2 news about crook builders in Pune, Gera & Kumar/KUL. In both the cases, court has hit the rear end of these builders, thanks to the fight put up by flat buyers against the injustice meted to them by these sadak chap builders.<br /><br />Goregaon society scraps deal with builder, wins Rs 6.2 crore in damages -<br />Tables turned on builder who claimed Rs 100 crore from residents<br /><br />"This must have been the rarest of rare cases wherein the society firmly resisted a builder's usual delaying tactics, and took a bold decision to not only terminate the agreement but also claim damages."<br /><br />Lalit Jain, chairman-cum-managing director of Kumar Builders, didn't answer the calls or responded to messages.<br /><br />http://mumbaimirror.indiatimes.com/mumbai/cover-story/goregaon-society-scraps-deal-with-builder-wins-rs-6-2-crore-in-damages/articleshow/57486424.cms<br /><br /><br />Residents score victory against Gera in HC case -<br />Court rules developer cannot build further on amenity space of Gera Emerald City in Baner<br /><br />Residents of the upscale Gera Emerald City in Baner have scored yet another victory in the Bombay High Court (HC) in an ongoing case against Gera Developments Pvt Ltd. In an order that came out on March 1, the HC ruled that the developer in question cannot construct any further on the open space of the plot, and also cannot create third party rights.<br /><br />Some buyers in Affinia had also moved HC seeking relief. They had told the court that owing to this dispute between Gera Emerald City residents and the shared developer, construction of their building had come to a standstill, adding that they have been “vitally affected” by this halt. They also argued that most of them had taken loans from financial institutions to buy their respective homes. Justice Ketkar, however, did not grant them any relief.<br /><br />http://punemirror.indiatimes.com/pune/civic/residents-score-victory-against-gera-in-hc-case/articleshow/57436747.cms<br /><br />This news shows how flat buyers can get justice from third class builder & how buying flat without proper legal check (like Affinia) can make you good quality bakra for builder.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.com