tag:blogger.com,1999:blog-5269558537262232516.post2589325227420308090..comments2024-03-29T12:35:39.036+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: I visited Leisure Town near Amanora at Sade Satra Nali Gram PanchayatRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-5269558537262232516.post-68813223889667089952018-06-23T13:44:56.448+05:302018-06-23T13:44:56.448+05:30any latest updates on this..i heards they are hand...any latest updates on this..i heards they are handovering homes by august n now its under pmc now?anyone has more info plz updateAnonymoushttps://www.blogger.com/profile/10163257725700529300noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-63968528513751210852017-09-06T00:35:38.487+05:302017-09-06T00:35:38.487+05:30Check on RERA site...project is clear now....worth...Check on RERA site...project is clear now....worth putting your money Anonymoushttps://www.blogger.com/profile/04122848514368206125noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-37384066281153686322017-03-15T13:17:14.920+05:302017-03-15T13:17:14.920+05:30I personally won't suggest to buy here, Even t...I personally won't suggest to buy here, Even though project and location is good, but there are some legal issues with this project. There are disputes going on between land owner Tupe and builder. There were two builders in past but there is only one builder now due to dispute and something is going wrong due to all these things. <br /><br />I know some information from one of my friend who has booked a flat here in February last year and has paid more than 80% of the total amount, but he is still not able to register his legal agreement and registration. Builder is saying registration can not be done because Land owner Tupe is not ready to sign agreement due to some unknown disputes. My friend is paying his bank emi's regularly without legal registration being done and he is now trapped and taking legal advice on what can be done in this situation. He is really frustrated as no one is giving right information to him, builder does not give him the right information on what is the dispute and by when it will be resolved. He tried to reach Land owner Tupe, but he also refused to talk saying you have booked flat through builder so you should talk to him. <br /><br />My friend is in touch with lot of of other people who are trapped like this who have paid money to the builder but not able to register their agreement since last 8 months because of the dispute and no one is giving them the assurance on when this dispute will get resolved. <br /><br />He also mentioned that there is some problem with the parking space and amenities usage as well, he said he was told by land owner that some flat owners won't be allowed to use amenities and won't be given the parking space. There is lot of unclear things about this project.<br /><br />I know all these things because I was also interested in buying a flat here through my friend but due to all these issues i have dropped the idea and looking for another project now.<br />Ganesh bhavehttps://www.blogger.com/profile/18348415978239356453noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-24219541172575800902017-03-01T07:29:04.685+05:302017-03-01T07:29:04.685+05:30Not worth.Not worth.Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-60522794130080543492017-02-26T21:12:22.682+05:302017-02-26T21:12:22.682+05:30Is this really not worth to buy 2 bhk in 58? I vis...Is this really not worth to buy 2 bhk in 58? I visited and about to book the flat. please advise.<br />Thanks,<br />VinodVinod@CFDhttps://www.blogger.com/profile/07820348000254092645noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-11545616256977569812016-12-01T14:24:51.315+05:302016-12-01T14:24:51.315+05:30If you are true, post this link on your blog...i k...If you are true, post this link on your blog...i know you won't dare to...<br /><br />https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/13272-who-is-ravi-karandeekarSameerhttps://www.blogger.com/profile/18221204238627029419noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-14539322288671158532016-12-01T14:24:08.703+05:302016-12-01T14:24:08.703+05:30This comment has been removed by the author.Sameerhttps://www.blogger.com/profile/18221204238627029419noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-32108684516376148182016-12-01T14:09:47.938+05:302016-12-01T14:09:47.938+05:30This comment has been removed by the author.Sameerhttps://www.blogger.com/profile/18221204238627029419noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-7640230479608499742016-11-25T09:54:54.979+05:302016-11-25T09:54:54.979+05:30Thanks for clarification, MONK..Thanks for clarification, MONK..Unknownhttps://www.blogger.com/profile/10670526155019774774noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-9972509764599386672016-11-24T22:43:49.387+05:302016-11-24T22:43:49.387+05:30"Isn't it bad news for people?"
- Th..."Isn't it bad news for people?"<br />- That's the price one pays for short sighted big financial decisions.<br />When a buyer takes a loan for 15-20 years, he should know that things can go in his favour or not during this time. The risk factor has to be factored into.<br />That's why it's said time & again never to take home loan exceeding tenure of 10 years where EMI doesn't exceed 25% of your take home income.<br />And if this is not possible, rent & invest the balance money to create a good surplus.<br />But people want everything right now. So they take more loans & get trapped.<br />So this is bad news only for those who took short sighted decisions as well as hoarders who thought they will double flat price in 3 years & sell making great profits.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-84726658633247253202016-11-24T13:32:30.922+05:302016-11-24T13:32:30.922+05:30Wondering what would happen to salaried class who ...Wondering what would happen to salaried class who purchased property through Home loan?<br /><br />For Example, lets assume the property worth 65 lacs with 50 lacs Loan at IR of 10-11% for 15 yrs, total payable interest becomes 100% which amounts to total cost of property as 1.15 cr.<br /><br />Now coming to Demonetization effect, with 40% correction in 80 lacs(~Assume appreciation in 65 lacs) will pull market price to 58 lacs. Isn't it bad news for people?Unknownhttps://www.blogger.com/profile/10670526155019774774noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-59954868243769391622016-11-22T16:13:42.897+05:302016-11-22T16:13:42.897+05:30Pune chor builders now have got new excuse to dela...Pune chor builders now have got new excuse to delay projects - no labourers. And since this is beyond their control thing, they can get away in legal loophole.<br />Pune builders are going bankrupt, that's why projects stalled, abandoned. This is the price one pays by buying in under-construction flat.<br /><br />Shantilal Kataria, president of CREDAI, Pune Metro, told TOI, "The construction industry is facing a huge problem because of labour shortage, which is a fallout of the government's decision to demonetize high currency notes."<br /><br />http://economictimes.indiatimes.com/wealth/real-estate/pune-building-projects-hit-by-labour-cash-crunch/articleshow/55557591.cms<br /><br />And finally, the real estate crash has now started. Pune prices shall also crash heavily. In news above, Pune builders have admitted they are literally bankrupt.<br /><br />DEMONETISATION EFFECT<br />Real estate prices crash 50% :<br /><br />On being asked to explain why and how the demonetisation had crashed the real estate market, experts said, “Since the circulation of black money has stopped, the unaccounted for money can no more be used in buying and selling properties.” <br /><br />http://www.tribuneindia.com/news/chandigarh/real-estate-prices-crash-50/323419.html<br /><br />BTW, Ravi did you attend Paranjape builders exhibition held last weekend ? I would like to know why contractors of builder have been paid barely 10% of amount in past 2 years and also the salaries of employees is not paid for 3 months.<br />TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-43652981903421539712016-11-17T17:16:46.091+05:302016-11-17T17:16:46.091+05:30True mate....True mate....Anonymoushttps://www.blogger.com/profile/08974005818194397546noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-82089135513512190612016-11-16T23:16:39.853+05:302016-11-16T23:16:39.853+05:30Pune builders are already getting chest pain &...Pune builders are already getting chest pain & heart attack. This is what happens when one thrives on looted income. Alongwith builders, several politicians too will go bankrupt, especially those in previous Govt who made thousands of crores in scams.<br /><br />Demonetisation: Doctors to CAs working full time in Pune, attend anxious calls-<br /><br />At Ruby Hall Clinic, Dr Purvez Grant, chief managing trustee and cardiologist, said that some of the people from the builders’ community were very stressed. “We have been getting panic calls since the time of announcement and anxious patients have been complaining of chest pain and palpitation.<br /><br />http://indianexpress.com/article/india/india-news-india/demonetisation-doctors-to-cas-working-full-time-in-pune-attend-anxious-calls-4375747/<br /><br />And those who think that lot of money back to banks will reduce interest rates sharply, they are wrong. Banks are saddled with NPAs & already facing liquidity crunch to meet latest Basel norms.<br /><br />Bank NPAs crisis worsens, bad loans soar 98% to 6,68,824 cr -<br /><br />http://www.financialexpress.com/markets/indian-markets/bank-npas-crisis-worsens-bad-loans-soar-98-to-668824-cr/446772/<br /><br />SBI Q2 profit plunges 99.6%<br />Gross NPAs cross Rs 1 lakh crore-mark<br /><br />Country’s largest lender SBI today recorded 99.6% decline in consolidated net profit at Rs 20.7 crore for the September quarter on account of three-fold jump in bad loan provisioning.<br /><br />Its profit was Rs 4,991.70 crore during the same quarter of the last financial year.<br /><br />http://www.tribuneindia.com/news/business/sbi-q2-profit-plunges-99-6/321969.htmlTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-56509973695673699692016-11-16T23:07:44.719+05:302016-11-16T23:07:44.719+05:30So many years passed & still all approvals are...So many years passed & still all approvals are not there, neither even basic infra ? This builder is constructing building or selling bidi standing besides a matka centre ?<br />Having multiple builders will gave them excuse to blame each other for any issues arising in project due to their own illegalities.<br /><br />"Bank on the location & compare the price difference' - is the strategy applied by the all projects on the border of PMC. "<br />- Yes, at the end of the day even the distance between head & knee is around 4 feet.<br />Better to rent at Amanora than buy in such projects. Lot of hoarders flats in Amanora.<br /><br />"Unfortunately only after flat possession when lack of basic urban infrastructure services become a pain in the ass - these naive flat buyers realize that the difference between apples & oranges! "<br />- This happens when buyers are busy with bananas while booking !<br /><br />And price has officially fallen from 5500 to 5300 in past 3 years & this can easily further go down a lot. Where are those who say prices only go up due to increase in population, reduction in land space blah blah ?<br /><br />"But how can I explain all this to Abhimanyu? "<br />- If he is in IT, then lot of Abhimanyus will soon come back to India. This will hammer builders even further as in Pune, IT was major driver apart from hoarders.<br /><br />Trump may force Indian IT to hire more US employees<br />This would impact margins on Indian firms; reduce offshoring<br /><br />Indian IT companies will need to step up local hiring in the United States and move less work offshore putting a strain on their margins, as Donald Trump gears up to take over as the US President, winning the mandate over his anti-immigrant rhetoric. <br />Indian IT sector must now brace for further troubled times ahead. <br /><br />http://www.business-standard.com/article/companies/trump-may-force-indian-it-to-hire-more-us-employees-116111401221_1.html<br /><br />And this one comes from Theresa May Govt post Brexit.<br />New UK visa regulations to affect Indians from November 24 -<br /><br />Britain on Thursday announced changes to immigration rules – including higher salary thresholds – that will affect Indian professionals and IT companies, particularly those using the Intra-Company Transfer (ICT) visa.<br /><br />Indian IT workers account for nearly 90% of UK visas granted under the ICT route, reflecting the growing number of professionals and IT companies based in Britain. <br />The changes, announced earlier this year, are intended to reduce dependence of British companies on Indian and other non-EU professionals. They come into effect from November 24, the Home Office said.<br /><br />http://www.hindustantimes.com/world-news/new-uk-visa-curbs-to-hit-indians-from-nov-24/story-f2YsXSIRjaXHF502vGhl4M.html<br /><br />Real estate is going to crash a big way. The following news & data shows the facts.<br /><br />India’s housing sector waning demand -<br />Pune launches from 2013 to 2016 has crashed by 77%.<br /><br />http://infracircle.vccircle.com/waning-demand-indias-housing-sector/<br /><br />No buyers at inflated prices, stay wary of real estate -<br />http://www.moneycontrol.com/news/business/no-buyers-at-inflated-prices-stay-waryreal-estate-bhandari_7901501.html<br /><br />And this one is the biggest & in-depth amongst all which shows coming big crash in real estate prices.<br /><br />The Un-real Estate: The sector that is going to take the biggest hit<br /><br />Yashwant Dalal, President, Estate Agents Association of India, believes the recent demonetisation has only brought the spotlight back on an industry that was already slowing down. The money that was rotating had slowed and with this demonetisation, things will only slow down further. At least 30 to 40 per cent of the prices are expected to fall in the coming days.<br /><br />http://indianexpress.com/article/india/india-news-india/the-un-real-estate-demonetisation-process-100-500-rupee-note-narendra-modi-black-money-4372286/<br /><br />When brokers are saying 40% crash in real estate prices, in actual, it will be far more.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-63950913604216497902016-11-16T13:25:50.166+05:302016-11-16T13:25:50.166+05:30Ha ha ha . . .
Mine tooHa ha ha . . .<br />Mine tooFlatToStayhttps://www.blogger.com/profile/10154678698675248327noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-39947366886748363422016-11-15T20:35:24.497+05:302016-11-15T20:35:24.497+05:30Why not wait until May 2017?
Stagnant sales
+
Dem...Why not wait until May 2017?<br /><br />Stagnant sales<br />+<br />Demonetisation<br />+<br />RERA is a triple whammy that may change things for the better...The Mad Bikerhttps://www.blogger.com/profile/03412674515171767378noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-91091366056101407152016-11-15T14:24:27.072+05:302016-11-15T14:24:27.072+05:30My heart skips a beat when anyone says Only Rs.60 ...My heart skips a beat when anyone says Only Rs.60 L.Alokhttps://www.blogger.com/profile/13729485497155603459noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-659602969046356572016-11-15T11:44:19.367+05:302016-11-15T11:44:19.367+05:30Very well written blog sir. You have put important...Very well written blog sir. You have put important points of bobby trap for reader to understand how actually it’s trapping your senses and forcing you to take decision which buyer will regret. My experience made me to reach to below conclusions-<br />1. Never book any property till all necessary documents are checked by you and your advocate. Don’t blindly follow advocate, keep yourself updated on required knowledge which is pre-req to buy any property.<br />2. Check encumbrance certificate, a document which give clear picture of land ownership and dispute on it if any. No document is as powerful as “encumbrance certificate” it give you complete information.<br />3. Make a small group to save your hard earned money and try to do group booking. This will help you to make changes in agreement clauses if they are bias and one sided. In long run it will solve many problems in very easy way.<br />4. Joint venture project is of great risk as eventually in long run one of the builder are out of project and then progress of project is halted due to this excuse. Making buyer suffer for undefined period.<br />Thanks sir for this valuable information :)<br />FreedomFromCorruptionhttps://www.blogger.com/profile/00945774956525002259noreply@blogger.com