tag:blogger.com,1999:blog-5269558537262232516.post7655016728904239658..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: The Case of Suyog Lucky Homes at Wagholi, PuneRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-5269558537262232516.post-20986951162391827832016-11-22T17:07:56.130+05:302016-11-22T17:07:56.130+05:30You always bring everyone the most interesting and...You always bring everyone the most interesting and useful, I like it all, thank you<br />Anonymoushttps://www.blogger.com/profile/15412107503003925171noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-28736561812035015652016-03-11T14:42:56.037+05:302016-03-11T14:42:56.037+05:30Real state bill is passed now. Hopefully things wi...Real state bill is passed now. Hopefully things will change soon.<br /><br />http://www.firstpost.com/business/real-estate-bill-good-news-for-home-buyers-whats-in-the-fine-print-2668674.htmloooohttps://www.blogger.com/profile/04467522058909543888noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-39737407751183828532016-03-11T02:46:04.643+05:302016-03-11T02:46:04.643+05:30Government should do everything for you ?
When wil...Government should do everything for you ?<br />When will we learn to be more aware of crooks(read as "builders") in the city ? Under construction is big time fraud these days. We only read and read and read. But when it is time to act we stand in the queue for "limited time discount" schemes.<br /><br />My friend, why blame government for our foolishness <br />Let all of us take a charge and do our dutyAmolwhttps://www.blogger.com/profile/11161943149781053368noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-68289931218736210732016-03-09T08:39:12.348+05:302016-03-09T08:39:12.348+05:30You are right but it would be interesting to see h...You are right but it would be interesting to see how it goes.Qwerty1.https://www.blogger.com/profile/08373092311052993309noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-8015234729597347462016-03-07T22:28:01.987+05:302016-03-07T22:28:01.987+05:30A 2BHK needs to have atleast 800 sq ft carpet area...A 2BHK needs to have atleast 800 sq ft carpet area. Ofcourse, one can have living room of 10x10 & bedrooms of 9x10 & make it 2BHK.<br />If some builders can give 2BHK in 545 sq ft of carpet ( http://ravikarandeekarsblog.blogspot.in/2016/02/There-is-something-suspicious-about-Navkar-Park-at-Khed-Shivapur-off-Mumbai-Bangalore-Highway-near-Pune-Maharashtra-India.html ), I am sure they can offer even 3 BHK with servant room in 645 sq ft !!<br /><br />And builders don't have money to complete existing projects, wonder how they will launch these new ones, especially because RE regulator bill will be a reality before these benefits kick in. <br />TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-56923941415599175592016-03-05T13:42:13.842+05:302016-03-05T13:42:13.842+05:30645 sqft carpet area is the normal if not less siz... 645 sqft carpet area is the normal if not less size of the 2 BHK flat.From now onwards they'll build the flat so as to take the the maximum advantage of the new policies.Qwerty1.https://www.blogger.com/profile/08373092311052993309noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-71255642287917742952016-03-04T22:38:47.502+05:302016-03-04T22:38:47.502+05:30Yes, but it too comes with strings attached.
&quo...Yes, but it too comes with strings attached.<br /><br />"Tax benefits on constructing affordable housing of 30 sq m in the four metros and 60 sq m in other cities, approved during the June 2016 to March 2019 period, and completed within three years of construction approval. "<br /><br />- This means no benefit on existing projects irrespective of size & location, which means nothing to cheer about for builders.<br />Also, 60 sq mt or 645 sq ft area flat can offer only 1BHK in cities like Pune. Which means nothing for builders who are focusing on 2BHK & above.<br />Overall, not giving any bailout packages to builders will certainly help in forcing builders & investors to crash prices. Now builders have only 1 option - sell at affordable & logical price or perish.<br /><br />Budget 2016-2017 to encourage rental housing :<br /><br />http://www.hindustantimes.com/real-estate/budget-2016-2017-to-encourage-rental-housing/story-FCLx5x5ARJrGyKOSuWUMIP.html<br />TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-68671143315041269452016-03-04T18:26:49.677+05:302016-03-04T18:26:49.677+05:30The provision for tax holidays on affordable housi...The provision for tax holidays on affordable housing is for flat size of 30 sqm in Metro cities only.For Tier 2 cities like Pune the limit is maximum 60 sqm i.e. max.650 sqft.Take note.& Tax holidays means the the builders can price the flats below the current prices & there is increased scope for cheap capital for the projects.Now Maharashtra government may announce stamp duty exemption for first time flat buyers.So it would a win win situation for everyone including first time flat buyers except the investors as there would be very few chances for capital appreciation because of huge supply.Qwerty1.https://www.blogger.com/profile/08373092311052993309noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-9174580415812043002016-03-04T14:06:27.128+05:302016-03-04T14:06:27.128+05:30Sir , waiting for your feedback on http://eela.in/...Sir , waiting for your feedback on http://eela.in/ and http://www.siddhashila.com/Anonymoushttps://www.blogger.com/profile/01623259129375572734noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-74171168482216779692016-03-04T10:25:19.334+05:302016-03-04T10:25:19.334+05:30this is all because of greed of the buyers, what w...this is all because of greed of the buyers, what was the problem in staying on rent, thiese buyers purchased these properties for capital gains (can anybody ask what was the black money paid by all these people) it is sad but finally greed which is poisonous seed has given back what you sow so you .....Siddhanthttps://www.blogger.com/profile/08989599615344347344noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-67053292246570439762016-03-04T07:00:22.400+05:302016-03-04T07:00:22.400+05:30Makes lots of sense.Makes lots of sense.Anonymoushttps://www.blogger.com/profile/02758348303507274383noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-91350771954982535792016-03-03T23:11:29.650+05:302016-03-03T23:11:29.650+05:30What a fantastic post!What a fantastic post!Anonymoushttps://www.blogger.com/profile/02758348303507274383noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-32866737983370926772016-03-03T23:00:11.687+05:302016-03-03T23:00:11.687+05:30Tax holidays on affordable homes are on those whos...Tax holidays on affordable homes are on those whose area is just 30 sq mt or just about 323 sq ft. No tax holidays for flats being built by Pune builders, so no change.<br /><br />In latest union budget, additional 50k interest towards home loan interest has been given for first time buyer ONLY IF loan amount is upto 35L & flat cost is not more than 50L. Since hardly any flats are there in this budget, Pune builders have nothing to cheer about until they decide to crash the prices. Pune builders are indeed in a soup now.<br /><br />Add to it new 0.5% Krishi Kalyan cess while buying flat, which makes buying flat more expensive & non-lucrative.<br /><br />However, people who have decided to stay on rent than buy at illogically high prices have indeed something to cheer about :<br /><br />The tax deduction limit on the housing rent has been increased to Rs 60,000 per annum from the current Rs 24,000.<br /><br />This makes staying on rent even more lucrative now than buy properties at high rates. Just hold on & see builders going bankrupt & once prices crash, go ahead & buy ready possession flat.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-19232309051723649312016-03-03T18:55:05.173+05:302016-03-03T18:55:05.173+05:30When we buy we never read document or interact wit...When we buy we never read document or interact with already living residents in the society or area .Once we get cheated ,we start crying .Keep on shouting wouldn't help .Only way go consumer court ,file case along with pics and hire your Lawyer.Don't take one given by consumer court on a cheap cost .<br /><br />Once you win case ,you will get all legal expenses paid along with compensation for issues.<br /><br />Except a court case ,no builder will listen you.No one will come and help you to resolve your issues .Unfortunately we only like shouting on whatsapp or facebook for these builder issues but when we ask to come together no one comes. These bloggers give their opinion but we are the one who need to pay money so its our duty to crosscheck all the required things .<br /><br />There is only one solution to these builder issues ,don't buy under construction or pre-launch offer's .In all cities there is enough inventory available of ready flats with all document & amenities completed but still we try to save money by investing in pre-launch or under construction projects and finally end up with paying more with lots of issues like mentioned above .<br /><br />I am not preaching anyone but I have been with all these cases so finally came to know no one but a consumer court case with our own hired good laywer can get the justice .Once you file case within 1 month 80% problems gets resolved.<br /><br />I know everybody in each society wait for someone else will come and do all these things and times goes on finally builder exits from area and we keep on crying .<br /><br />Don't think if you will file case it will take years huge money or some criminal activity may happen from builder side ...Nothing happens ,they are just movie clips .These builders are not in situation to handle any bad action ,already market is gone because of there risen rates which maximum salary person can't afford and locals don't need to buy . <br /><br />Have a group of 5-10 people and file case and see all drama how things change.<br />Unknownhttps://www.blogger.com/profile/07986610366243738589noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-89364904086098195632016-03-03T17:35:10.798+05:302016-03-03T17:35:10.798+05:30please review siddhashila eelaplease review siddhashila eelaAnonymoushttps://www.blogger.com/profile/01623259129375572734noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-13104348632815585932016-03-03T11:24:29.733+05:302016-03-03T11:24:29.733+05:30I believe that the buyers themselves also cannot a...I believe that the buyers themselves also cannot approch the police or court as well.. as they are also leaving in a society which doesnot have an occupation certificate. These people will be held accountable will loose even more in that case...be careful guys and take care..tushihttps://www.blogger.com/profile/01723826249192017126noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-18929885050784678002016-03-03T10:09:21.645+05:302016-03-03T10:09:21.645+05:30Horrible thanks for ahaeing, only consumer can tea...Horrible thanks for ahaeing, only consumer can teach these crooks the lesson, don't by under construction site, think before paying for infrastructure charges.Purushottam Shetehttps://www.blogger.com/profile/09567760637014891739noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-32346915456452734082016-03-03T00:55:06.404+05:302016-03-03T00:55:06.404+05:30Can anyone tell me that how the union budget will ...Can anyone tell me that how the union budget will affect the real estate sector?<br />The provisions like tax holidays on construction of affordable homes,increased IT benefits on interest of the home loan,Tax consessions to REIT & increased infrastructure spending seems to be in the favour of real estate industry providing new set of buyers & fresh capital( by legitimate ways not cash).<br />It seems like property rates arw bottomed out now?Qwerty1.https://www.blogger.com/profile/08373092311052993309noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-55386410716298820722016-03-02T22:00:40.652+05:302016-03-02T22:00:40.652+05:30Absolutely true.Absolutely true.Anonymoushttps://www.blogger.com/profile/02758348303507274383noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-83618701025582434562016-03-02T18:12:06.722+05:302016-03-02T18:12:06.722+05:30Steel staircase as 2nd staircase as per new fire f...Steel staircase as 2nd staircase as per new fire fighting norms ? Next would be wooden ladder ! Fire fighting system not working. Has this project received fire NOC ? If not, buyers should file case against builder for compromising their safety.<br /><br />Doesn't this idiot builder understand that in event of fire, this iron/steel staircase will become so hot that it will be rendered useless ?TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-84394590673517214602016-03-02T17:44:27.187+05:302016-03-02T17:44:27.187+05:30There is one banana association in this field - CR...There is one banana association in this field - CREDAI whose own members are finding it difficult to buy bananas ! One builder offered 12 flats in exchange of 1 dozen bananas but banana vendor was intelligent & refused to buy under-construction flat in lieu of ready bananas.<br /><br />Changing banana republic is not easy but certainly not buying under-construction flats will help to keep oneself out from becoming part of banana builders.TheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-16347869548702168172016-03-02T17:26:47.986+05:302016-03-02T17:26:47.986+05:30Another case of Pune builder cheating buyers. Ridi...Another case of Pune builder cheating buyers. Ridiculous.<br />Though it's appreciated that buyers here went to Police station. Since Police are not taking FIR against builder, these buyers should approach Bhujbal builders buyers. Maybe they will help. In parallel, they should file case against builder in consumer court for cheating, poor quality of entire project & duping with maintenance amount.<br /><br />This project is not registered with Wagholi gram panchayat & doesn't have basic ka basic infrastructure. Marvel Fria may also go in same boat as one buyer on your blog mentioned that Marvel Fria too is not registered with Wagholi gram panchayat. No completion certificate for Suyog Lucky Homes & neither there is completion certificate for Marvel Fria with Marvel builder asking them to wait for another 4 years ! Shameful this is.<br /><br />Don't know when CONgress will allow passage of RE regulator bill in Rajya Sabha. Till then, the buyers should not buy under-construction project & prefer ready for possession flat with all approvals only or even better stay on rent. Not buying flat in Pune till prices fall by atleast 50% is the best punishment buyers can give to greedy & crook builders & also help themselves financially by saving lot of money being wasted in buying worthless flats at current prices.<br /><br />Latest news of another bankrupt builder duping buyers :<br /><br />Nearly a decade post its glitzy launch, the multi-crore Aliens Space Station-I project has turned into a nightmare for its 400-odd customers. With no house in sight and hefty bank loans against their names, many of these buyers have been pushed to the brink of bankruptcy.<br /><br />http://timesofindia.indiatimes.com/business/india-business/Aliens-buyers-pushed-to-bankruptcy/articleshow/51217219.cmsTheMonkhttps://www.blogger.com/profile/01302024072486930340noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-54030560194560167042016-03-02T17:22:39.988+05:302016-03-02T17:22:39.988+05:30lucky homes.. haha.. Its really horrible situation...lucky homes.. haha.. Its really horrible situation in real estate. Government is not helping the salaried employees in anyway. They are busy ripping of the taxes. Government should take care of such issues.oooohttps://www.blogger.com/profile/04467522058909543888noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-87796675141599424222016-03-02T10:07:28.925+05:302016-03-02T10:07:28.925+05:30This is shocking. We are indeed living in banana r...This is shocking. We are indeed living in banana republic.Anonymoushttps://www.blogger.com/profile/02758348303507274383noreply@blogger.com