Rohan Builders cuts property rates of Leher and Mithila by Rs. 600 per sq. ft. and 'agrees' to reduce your booking rate in case of future reduction!

Could Rohan Builders' Price Protection Scheme motivate you to book a flat in Rohan Mithila at the reduced property rate of Rs. 3,500 per sq.ft. and in Rohan Leher at Rs. 2,900 per sq.ft.?

Property rates in Pune real estate market are going to go down further!:

With this offer Rohan Builders, most renowned builder in Pune, accepts that property rates in Pune are going to hit the bottom very soon.

But you don't have to wait for that to happen.

There is no need to postpone booking a flat in Rohan Leher and Roahn Mithila.

Because with "Price Protection Scheme", Rohan Builders are adding a clause in your agreement which gives you a guaranty that by default the reduced rate will be applicable to you too!

Just like the reduction of 600 rupees has become applicable to the old property buyers who had booked at Rs. 3,500 per sq.ft. in Rohan Leher and at Rs. 4,150 per sq.ft. in Rohan Mithila; by default, without asking, automatically!

What about the property rate of Rohan Tarang at Wakad?

No! The property rate, Rs. 2, 800 per sq.ft., of Roahn Tarang at Wakad, is not reduced and the "Price Protection Scheme" is not applicable to it. Because Rohan Builders claim that Rohan Tarang is ready for possession (in a couple of months!)!

However, one of the property buyers, who has booked the flat when Rohan Tarang was launched, 3 years ago and going to take a possession, after a delay of almost 1 year, said,"Considering the market, Rs.2,800 is too much. It should be less!!"

When i asked him at what rate he booked, he said, "at Rs. 2,300 per sq.ft."

"Wasn't Rs.2,300 too much at that point of time in Wakad?," i asked him.

He said, "Yes, it was! This only proves that Rohan can easily reduce the property rate of Tarang!"

Why not cut the rate more than offer Property Price Protection?

"When you are expecting property rates to go down further, instead of waiting for that to happen, why not reduce the property rates today itself?," i asked to Mr. Mohan Mehta, marketing manager of Rohan Builders.

"Further reduction at this point of time may affect the quality of the construction. Rohan Builders, you know, never compromise on quality!" Mr. Mehta gave smart answer to my dumb question. "Rate cuts are from our profit margins. We have reduced our profit margins. If our construction cost goes down further, we will, certainly, announce more cuts in the property rates," Mr. Mehta added.

"Go and get your booking rate reduced! Good for you and your builder!," Rohan Builders

For me, Rohan Builders' Price Protection Scheme means, for sure, days of "Pune Builders don't see any cuts in the property rates" or "Pune realty rates won't drop any further" or "Not rock bottom for Pune property buyers" are over!

Rohan Builders also confirms that, now, as a property buyer, it's your fundamental right to demand for a rate cut of your flat if your project is under construction.

In fact, Rohan Builders tells you that, it's your duty to inform your builder that you are ready for the rate cut and you are happy to free him to reduce the rate of his ongoing project, get the enough booking and complete the project as early as he can.

When Rohan Builders thinks that it is essential to reduce the property rates to survive in the current economic conditions, I am sure, most of the builders in Pune will be happy to cut the property rates.

First, because builders in Pune know well that delay means loss in the profit.

Second, though PBAP is an official association of builders in Pune, when it comes to doing business they follow Rohan Builders. For example, it was Rohan Builders who introduced the concept of 3 side open flat when they launched Rohan Garima. It was Rohan Builders who introduced the concepts of "smart homes - digital homes", "eco homes", "plus homes" in Pune. It was Rohan Builders who launched first high value project in Pune - 1 Modibaug. It was Rohan Builders who made "penalty for the delayed possession", a clause in the agreement. Today, every good builder is following Rohan Builders and trying to incorporate these features in their projects!

However, you can understand, Rohan Builders can't tell other builders in Pune to reduce the booking rate of the under construction project. But you can!

Are you going to jump or sit on the fence?

What is your take on Rohan Builders' Price Protection Scheme for Rohan Mithila and Rohan Leher?

Is this type of a protection and home loans at 8% or lower interest rate, enough for you to stop worrying about property rates going down in Pune real estate market and start booking in the projects which are under construction?

Are you happy with this or you expect something more? Please, share your views in the comments. (Comments Policy)

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