tag:blogger.com,1999:blog-5269558537262232516.post3125105077101576292..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: My biggest mistake - I didn't construct a gunthewari houseRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5269558537262232516.post-59573290687520328872016-06-17T22:55:28.091+05:302016-06-17T22:55:28.091+05:30Another case of builder diverting money & now ...Another case of builder diverting money & now saying he doesn't have money.<br />Had CONgress got the RERA bill earlier, the provision of escrow account would have been there & today these type of buyers would have been able to take out money from that account & use it to complete construction.<br /><br />The Govt should also make it easy for people to buy land & construct on their own. It is unholy nexus of Govt-builders which makes things difficult for common man. If building on own is made easier, the dependency on builders will reduce which will help buyers as it will help to keep not just prices in check but also the quality will be far superior than offered by these crook builders.<br /><br />This buyer can look at recent judgement handed over by consumer court -<br />Possession of flats delayed: Real estate company told to refund, compensate<br /><br />http://indianexpress.com/article/cities/chandigarh/unitech-flats-state-consumer-disputes-redressal-commission-2855754/<br /><br />However, there are also super-idiot buyers for whom new scheme should be launched by CREDAI - Buy a flat, enjoy 6 months vacation in Yerwada mental hospital for free !<br /><br />Pune: Mundhwa housing society flats set to be razed, residents (idiots) in shock -<br /><br />What’s surprising is that many of the flat owners paid the advance amount without doing the legal paper work.<br />Many of us didn’t see it till we started hearing things from neighbours, said one of the residents.<br /><br />http://indianexpress.com/article/cities/pune/pune-mundhwa-housing-society-razed-bombay-high-court-order-2855382/<br /><br />Builders are going bankrupt despite taking all measures to avoid bankruptcy. So, buyers should buy ready for possession flat with all approvals or stay on rent & avoid under-construction projects.<br /><br />India’s top builders are selling assets and refinancing loans in bid to cut down debt, but without much success :<br /><br />http://www.livemint.com/Companies/G4iYEpRQoACPKBU7nFKXgO/How-are-property-developers-dealing-with-the-debt-burden.htmlTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-5686811014949530622016-06-17T21:45:20.197+05:302016-06-17T21:45:20.197+05:30Heart touching story. This how builders breaks com...Heart touching story. This how builders breaks comman man's dream.Anonymoushttps://www.blogger.com/profile/12394907918148416460noreply@blogger.com