tag:blogger.com,1999:blog-5269558537262232516.post3111901852323454852..comments2024-03-29T12:35:39.036+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: How can The Times of India do this to Pune Builders?Ravi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5269558537262232516.post-47815515558211662712017-05-31T19:26:09.240+05:302017-05-31T19:26:09.240+05:30TheMonk, thanks for sharing the article - Is your ...TheMonk, thanks for sharing the article - <b>Is your house making you poor?</b>Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-39421330929443149912017-05-31T18:33:19.042+05:302017-05-31T18:33:19.042+05:30This is good article from financial perspective. H...This is good article from financial perspective. Hope buyers make all such analysis before jumping in.<br /><br />Is your house making you poor? <br /><br />http://timesofindia.indiatimes.com/business/india-business/is-your-house-making-you-poor/articleshow/58887826.cmsTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-15108472508003562602017-05-31T17:51:42.929+05:302017-05-31T17:51:42.929+05:30With builders going bankrupt, sales not happening ...With builders going bankrupt, sales not happening due to exorbitant prices, poor quality of project & delivery/possession issues, how can builders afford to give ad now ? And those who can know that now merely giving ads is not enough to fool flat buyer.<br /><br />There is absolutely no assurance that RERA will help flat buyers who have done agreement with builders before RERA was notified for the simple reason that 70% amount to be kept in escrow account was not there earlier, now builder can simply say that he is bankrupt & has no money to complete the project. What buyers can do is only keep filing cases in consumer, civil & criminal courts. And if the builder is bankrupt, how will it help those flat buyers who book flat today with that builder ? So unless we see something being delivered from MahaRERA, it is best to buy ready for possession flat with all approvals, or even better is to stay on rent at fraction of cost.<br />Some recent update about MahaREREA -<br /><br />RERA registration no. must in ads by Maha builders from August -<br /><br />As per a clause of the Real Estate Regulation and Development Act, Maharashtra, it is compulsory for developers to give information about their projects from May 1<br /><br />http://realty.economictimes.indiatimes.com/news/regulatory/rera-registration-no-must-in-ads-by-maha-builders-from-august/58887934<br /><br />But most important aspect in article above is, “Since 1st May , 900 agents and 16 projects have been registered in state . Yet I am not satisfied as there are at least 30,000 projects which need to be registered immediately,” he added.<br /><br />As mentioned in link in your earlier blog, those builders who don't get their projects registered by July end will be deemed as illegal projects. So lot of skeletons will come out post July 2017 end & it will be another battle for flat buyers who have booked in under-construction flat which is not registered by builder by July. Those who have already booked in under-construction flat, better start asking builder about RERA registration process.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-86666444898367557262017-05-30T17:37:37.159+05:302017-05-30T17:37:37.159+05:30Hi Ravi,
What is wrong when Times is trying to hel...Hi Ravi,<br />What is wrong when Times is trying to help the person who is in trouble due to few deals. this doesn't mean that the times group is just portraying the black side of the business. <br />PROPAARhttps://www.blogger.com/profile/00782594343755868814noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-28200468932702622332017-05-29T17:01:32.702+05:302017-05-29T17:01:32.702+05:30Dear Ravi, Thanks as always for posting on such to...Dear Ravi, Thanks as always for posting on such topics and educating us. Could you please provide some update on your defamation case filed by Lalit Kumar Jain of Kumar Builders? Sakethttps://www.blogger.com/profile/18201356890075762117noreply@blogger.com