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Showing posts with label complaints against Pune builders. Show all posts
Showing posts with label complaints against Pune builders. Show all posts

Sunday, October 15, 2017

The builder files a police complaint against the residents of Aarohi at Sus

The fight between Teerth Realties and the residents of Aarohi at Sus continues:


Aarohi at Sus
Space for Tennis Court
Space for Tennis Court
Space for Parking

The builder of Arohi society has filed a complaint against its residents, alleging that they damaged his construction material worth Rs 9 lakh.

While the fight between the builder and the residents is not new, the complaint filed on Friday has left citizens in a fix.

They are claiming that the builder has intentionally filed this complaint as they are fighting for basic amenities the builder is yet to provide them at the society.

But the builder insists that the residents have threatened and beaten up his employees as well as damaged his property.

Residents of Arohi society have long been at loggerheads with the builder over the two vacant plots in the society which, according to them, had been allotted for parking and a tennis court.

“The builder had promised that he would set up a tennis court and parking space in these two empty plots. Now, he is planning to sell off these plots for construction. Hence, to block the plots, he ended up dumping all the construction material there. But it was becoming difficult for us to stay in all this filth. So, we decided to clean the area. All the residents participated and cleaned this patch,“ shared Manish Hissaria, one of the residents.

On his part, builder Vijay Raundal, owner of Teerth Builders, claimed that it was the residents who were harassing him instead. “We got an increased FSI for the buildings. I am constructing the buildings based on the previously approved plan. But these residents do not want this to happen.So they are running from pillar to post to ensure that I am not able to go ahead.........

Read more at - Clean-up drive at home prompts cop complaint

Related Stories:


1) Struggling for Survival at Sus

2) SUS RD LOCALS FILE POLICE COMPLAINT

3) FAILED FIGHT WITH FIRE LEAVES BUILDER FACING RESIDENTS’ IRE

4) Sad story of a son who purchased a flat in Sus

5) How to deal with your childish and selfish parents - Tips for Hinjewadi IT Engineers...

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To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog


Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Friday, April 14, 2017

A Visit to Phadnis Eastern Ranges Keshav Nagar Mundhwa

Flat buyers of Eastern Ranges are seriously wounded, but defeated.


Flat buyers of Eastern Ranges are seriously wounded, but defeated

1) Pradeep, a 47 year old freelance advertising professional, wanted to relocate to Pune.

In 2013, he sold his flat in Mumbai & booked a 2 BHK flat in Phadnis Eastern Ranges in Keshav Nagar, Mundhwa.

He was going to get possession in 2014.

As per the builder's demand letters he paid nearly 75 % of the property price.

Pradeep was eagerly looking forward to shifting his family & starting his business in Pune.

But, suddenly, by the end of 2013 itself, construction activity at Phadnis Eastern Ranges stopped.

And for the last 3 years Eastern Ranges is stalled.

Pradeep has already sold his flat in Mumbai.
There was no possibility of getting possession of his flat in Eastern Ranges.
So, literally, Pradeep became homeless.

He had to give up his dream of shifting to Pune.

He has rented a 1 bhk flat and is living in Mumbai. With his family, shattered dream, and shame.



2) Vijay's son - who is abroad - booked a flat in Eastern Ranges because the builder's daughter was a friend of his friend.

He was going to get possession is 2014.

Though the project is stalled, Vijay's son is paying 40,000 EMI to SBI.

But paying EMI is not a qualification when it comes to arranged marriage.

Girl's father expects that a groom must have possession of a flat.

Which Vijay's son doesn't have and doesn't know when he will get it.

Get my money back and buy a flat in some other project. Vijay's son told him long time ago.

Vijay requested refund. The builder - Mr. Vinay Phadnis - agreed. But hasn't refunded yet.

Today, Vijay's son has no flat, no wife, no life.



3) After visiting nearly 50 projects in 6 months, in 2013, Mahesh booked a flat Eastern Ranges.

Mainly because - 1) many recommended Phadnis Properties, 2) construction was in full swing and 3) possession was in November 2014.

But Eastern Ranges was stalled in 2014.

Mahesh was transferred to Mumbai. Where he is paying 20,000 rent for a 1 bhk.

After paying 20,000 rent + 40,000 EMI he is left with only 25,000.

Obviously, in an expensive city like Mumbai, Mahesh finds it difficult to manage his monthly household expenses.

Mahesh can't afford to send his son to one of the best schools in Mumbai. He had to get admission in an ordinary school.

Mahesh can't even think of buying a new car.

After a successful career of more than 12 years - Mahesh is finding it difficult to make both ends meet.



4) These are the stories of 3 flat buyers in Phadnis Eastern Ranges Keshav Nagar Mundhwa.

There are 97 more.

In the last 3 years, everyone of them has suffered a lot.

Stalled Eastern Ranges has wounded everyone deeply.

But they haven't given up.

They stand tall, strong & united.

They have tried all possible ways to get possession of their flats.

They have lost many battles.

But they are sure that they will win the war.

Though they are all alone.



5) What happened with the flat buyers of Phadnis Eastern Ranges can happen with you too.

Even RERA can not prevent this from happening.

In fact, RERA is less for "regulation" and more for "development" of real estate business.

RERA is a trap set by the government to help the builders to catch more numbers of flat buyers.

RERA will create a false sense of security among the flat buyers.

Result is more number of people will be happy to book a flat at launch / under construction stage of the project and give away their home loans to the builder to spend as per his wish.

What say you?

Please, share your views in the comments.

Related Stories:


1) Don't book a flat in Pune till RERA is implemented

2) 5 Objections Against Maharashtra RERA Rules

3) Is there anybody who has booked a flat in DSK Dream City?

4) DSK is struggling to get his ducks in a row

5) Absconding Builders & Abandoned Housing Projects in Pune

6) How to avoid being duped by the nexus of builders, banks & architects?

7) Yes! Most of the builders in Pune are unfit for booking a flat at under construction stage

7) Treat your builder like a stray dog

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog


Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Saturday, March 25, 2017

Blue Ridge Hinjewadi Flat Owners Grievances

Sign the online petition to support the flat owners of Paranjape Schemes' Blue Ridge Hinjewadi:


Sign the online petition to support the flat owners of Paranjape Schemes' Blue Ridge Hinjewadi

This petition will be delivered to: MD, Paranjape Schemes (Construction) Ltd. Shashank Paranjape and 1 other:


This year you may have received a bill from accounts department of Blue Ridge Township for the maintenance payable for your apartment.

The billing is for maintenance activities from Oct 2016 to Mar 2017.

The township is asking for this money without any explanation on how the money collected from previously billed maintenance charges was spent.

Also, there is no justification given by the township on the basis of which the recent billing is done.

The buildings B1 to B8 do not have provide same facilities, yet the billing appears to be a flat rate.

The biometric system is not functional in some towers, the swimming pool is not functional in others.

Even the parking spaces have not been allotted in some towers.

Yet, the billing appears to be at a flat rate.

This is unfair to the owners.

The billing must reflect the discrepancy in the facilities provided.

At the least, we expect an explanation from the township in this matter.

There are several issues pertaining to the township and their management practices that also need urgent attention.

These issues directly affect the quality of life of the residents and potentially affect the value of your investment in this township.

Provided below are our key demands which need to be addressed on the priority:

Click to read more & sign the petition

Related Stories:


4) Sir, Mein chota sa, pyara sa, nanha sa, baccha hoon!

3) Owner or Tenant? - Are you an "Owner" or the "Kirayedar - भाडेकरू" of Special Township?


2) Visit Blue Ridge Golf Club, Hinjewadi, Pune 411 057


1) There is something hypnotizing about Blue Ridge Hinjewadi!

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Saturday, January 28, 2017

RTI Katta on Plotting Scams in Pune

Right to Information - RTI - Katta
Sunday, 29th January 2017,
Chittaranjan Vatika, Model Colony, Shivajinagar, Pune
Time .9.30 AM to 10.30 AM




Nowadays thieves & dacoits don’t live in jungles or valleys.

They have established air-conditioned offices in cities.

From there they run scams like selling proposed N-A Plots, Villa plots, farmhouses, affordable housing, double your money by investing in real estate etc.

They appoint smart staff and agents. Most of the time staff and agents are get paid more than what they deserve and hence they don’t hesitate to deceive their own relatives or acquaintances.

Most of the time instead of running away from government authorities
these people make government authorities partners in scams.

In all this , common people get suffered.

So what is the remedy?

What to do if you got deceived?

Read more at Vijay Kumbhar's Exclusive News & Analysis Blog

Related Story:



1) Temple Rose City Pingori Purandar Scam Exposed

2) What!? Is Landson Realty's 'Wood County' an Illegal 'Collective Investment Scheme'?

Wednesday, January 4, 2017

2017 Pune Real Estate Market Predictions - Fight Against Builder Mafia Raaj Continues

Maharashtra RERA Rules prove that 
the Builder Mafia controls the government. 
But Pune flat buyers know the simple way 
to fight against Builder Mafia Raaj. 
Do not book a flat at the launch or 
at the under construction stage of the housing project.
And they are exactly going to do that in 2017!:


2017 Pune Real Estate Market Predictions - Fight Against Builder Mafia Raaj Continues

2016 was the year of Pune property buyers fight against Builder Mafia Raaj.

Assuming that Maharashtra Government will protect it's citizens, Pune flat buyers declared war on Builder Mafia Raaj.

By issuing orders to register FIR against the builder under MOFA - Maharashtra Government only pretended to protect the flat buyers.

But the disappointed Pune flat buyers didn't give up.

Because to protect the flat buyers the Parliament of Republic of India had passed The Real Estate (Regulation and Development) Act, 2016.

Maharashtra Government was supposed to implement the same & establish Real Estate Regulatory Authorities (RERA).

RERA was the last hope for fighting Pune flat buyers.

They postponed their decisions to book a flat in under construction projects.

Let us wait for RERA - was the most popular idea in 2016.

It would be safe to book a flat after the RERA is implemented - majority of the flat buyers believed.

But Maharashtra Government missed the deadline for notifying the RERA Rules.

The RERA Rules of Union Territories gave hope to Pune flat buyers that in 2017 RERA will end the builder Mafia Raaj.

Somehow, on 8th of December 2016, Maharashtra Government published the RERA Rules.

The published Maharashtra RERA Rules were nothing but mockery of Real Estate Regulatory Bill passed by Indian Parliament.

Instead of protecting flat buyers, Maharashtra Government's RERA Rules were giving legal authority to the builders to dominate, victimize & intimidate flat buyers.

Pune flat buyers realized that if Maharastra RERA Rules are approved as published:

1) Builder can easily terminate the flat agreement

2) Complaining against the builder is going to be very expensive

3) Builder's complete track record will not be available for the flat buyers

4) Real estate agents can cheat the flat buyers & get away with crime easily

5) Builder can discriminate against flat buyers

To trick the flat buyers, instead of publishing in Marathi - the official language of Maharashtra - Maharashtra Government published RERA Rules in English - which very few can understand.

Not only that!

Maharashtra Government gave very less time to the citizens - only 15 days - to study & submit suggestions & objections on RERA Rules in English.

And you know what?

To prevent citizens from submitting suggestions & objections on RERA Rules the email address was intentionally misspelled.

Thanks to Mr. Vijay Kumbhar! Maharashtra Government had to publish RERA Rules in Marathi & extend the last date of submission to 31st December 2016.

Realizing that if the published RERA Rules are passed as it is, Builder Mafia Raaj is going to become the State Government of Maharashtra - angry & disappointed flat buyers submitted their suggestions & objections by 31st December 2016.

Though it is loud & clear that Maharashtra Government controlled by Builder Mafia is going to notify nearly the same RERA Rules which offer no protection to the flat buyers - Pune flat buyers, for sure, are not going to give up.

In 2017, Pune flat buyers are going to keep on fighting against Builder Mafia Raaj.

The simple way to fight against Builder Mafia Raaj is not to book a flat at the launch or at the under construction stage of the project.

Because the RERA is all about booking a flat in under construction housing project.

Except a few naive flat buyers, in the last couple of years, the majority of Pune flat buyers are fighting against Builder Mafia Raaj by not booking a flat in under construction projects.

In 2017, my prediction is, wise & assertive flat buyers in Pune are not going to book a flat in under construction project and will continue the fight against Builder Mafia Raaj.

Since the builder's business runs on flat buyers money

- just imagine how many more projects will be delayed, stalled, abandoned in 2017

- just imagine how many more builders will be absconding in 2017

- just imagine how many more builders will become bankrupt in 2017

What will happen to those naive flat buyers who have booked flats in these under construction projects?

What do you think?

Will these flat buyers do nothing till their builder dupes them?

Will these flat buyers cancel their agreements?

What will these flat buyers do in 2017?

In short, fight against Builder Mafia Raaj will not only continue but it will become more brutal in 2017.

Related Story:


1) Pune real estate market research report, trends & forecast 2016

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Monday, September 12, 2016

Lalit Kumar Jain Files Rs. 2 Hundred Crores Suit Against 6 Flat Buyers of KUL Ecoloch & Ravi Karandeekar

The civil lawsuit for Defamation, Damages, Compensation and Injunction Valued at Rs. 200,00,00,000 (Two Hundred Crores) + Rs. 1,000/- (Rs. One Thousand Only) against 1) Sachin Kamble 2) Mangesh & Gayatri Nomodia 3) Amol & Bhagyashri Nipse 4) Saurabh & Sapana Shastri 5) Sarang Amrutkar 6) Suresh Kakad - 6 flat buyers of KUL Ecoloch Mahalunge and 7) Ravi Karandeekar - Pune real estate investment adviser & blogger:


Suresh Kakad, Ravi Karandeekar, Sachin Kamble - Lalit Kumar Jain Files Rs. 2 Hundred Crores Suit Against 6 Flat Buyers of KUL Ecoloch & Ravi Karandeekar

Early morning, Sachin Kamble called.

"Meet me at 1 pm at Hotel VITS," Sachin said.

"I have my lunch at 12 noon. 1 pm is too late," I said.

"Good, eat your lunch and reach at 1 pm. Sharp," Sachin said.

"What's the news? Did Hinjewadi police file chargesheet against Kumar Builders?," I asked.

"No," Sachin said.

"Did Kumar Builders give you possession?," I asked.

"No. Come at 1," said Sachin.

At 1 pm Sachin was not at Hotel VITS. I called him.

"Come at Radha Hotel - exactly opposite...," Sachin said.

"I know where it is," I said and went.

"Lalit Kumar has filed 2 hundred crore suit against us," Sachin said.

Suresh Kakad, one more flat buyer of KUL Ecoloch was with him.

"2 Hundred Crores! Lalit Kumar knows your worth. You don't. If you knew - we would have been sitting in VITS," I said.

"Right! Lalit Kumar is more than a builder - he is a teacher!," said Suresh Kakad in Marathi.

"Teacher! Great!! I love teachers. Tell me more," I said & started video recording.

"See, when I booked a flat - all I wanted was a home for my family. But because of Lalit Kumar I have started learning Law. I visited the court for the first time. To file an FIR - I visited the police chowki for the first time and I read Indian criminal procedure code. Though Lalit Kumar didn't give me my flat - for which I have already paid for - he has given me a lot of education," said Suresh Kakad.

"Free education!," Sachin said.

"You know? I have read all these 300 plus pages case paper! Never before - in my entire 44 years life - I read any novel. Or such a big fat book. But I read these case papers. Yes! I read! Every day 20 minutes reading session in a toilet!! Lalit Kumar has made me a reader. For the rest of my life - 20 minutes - every day - I am going to read. Just imagine - how much I am going to learn. All because of my Guru. Guru Lalit Kumar Jain," Suresh said.

"Yes! I am very much thankful to Lalit Kumar Sir for that! You know? I was afraid of police & court case. But now - I am not!," Suresh said.

"In fact, before booking a flat - everyone must learn Law. Compulsory. It would be better if Pune builders start teaching Law to every flat buyer. They can charge - exorbitant charges - like infrastructure & development charges - start collecting legal education charges from the flat buyers," Sachin said.

"Why not change the education pattern? Start teaching Law in the schools!," said Suresh.

"Mr. Devendra Fadnavis, Chief Minister of Maharashtra - like English - make legal education compulsory from the 1st standard," Sachin said.

"Right! Legal education will make us law abiding - strong - citizens - legally educated citizens can fight with the builders," Suresh said.

"Give us practical education - useful in day to day - life," said Sachin.

"Otherwise, most of the things we learn at school - like History - are are not useful for us in day to day life - what say Sachin?," Suresh said.

"Right! That's why we consider Lalit Kumar Jain our guide - guru - teacher - who is giving us useful education - Thanks, Lalit Kumar Sir! Your personality is inspiring, your speeches are motivating - like PM Narendra Modi - thanks for sharing your "Man ki Baat" - speaking whatever comes to mind - with us in the last 2 - 3 years. I admire your motto "We Build Trust" - because of you - Lalit Kumar Sir - we have learned the true meaning of the word 'Trust' - keep us teaching - keep on supporting us - keep on sharing knowledge with us - you keep on teaching us - we will keep on learning from you - let us keep on fighting with each other - the flat buyers in Pune will learn a lot from us - the builders in Pune will also learn a lot from us - Lalit Kumar Sir, thanks for your huge efforts to educate us all," said Sachin and both of them folded their hands to salute their guru!

View Sachin Kamble & Suresh Kakad's Thanksgiving Marathi YouTube video and if you are a student of Lalit Kumar Sir, please, feel free to thank your Guru in the comments.




Related Story:


1) One flat buyer in KUL Ecoloch Mahalunge filed an FIR against the builder

Under 420, 34, 406 sections of Indian Penal Code &
Section 3 A, 4 A, 13 B & 23 A of Maharashtra Ownership of Flats Act (MOFA)
Hinjewadi Police station registered FIR against Riverview Properties,
the developers of KUL Ecoloch at Mahalunge

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Thursday, August 4, 2016

Marvel Selva Ridge Estate Bavdhan Investors Meetup on 8th August 2016

The first step toward success is taken 
when you refuse to be a captive of the environment 
in which you first find yourself - Mark Caine


The first meetup of Marvel Selva Ridge Estate Investors was the first step towards success!

Now, at least a few, investors know each other.

But this is not enough.

Unity is strength.

Those who couldn't join the first meetup, please, get in touch with Ravi Karandeekar on 91 98600 44110.


Related Stories:


4) Villa for a Forest Bum!

3) Is Flat Buyers Direct Intervention The Only Solution for Marvel Realtors Problems?

2) Pune Flat Buyers Declare War on Builder Mafia Raaj

1) Beginning of the End of the Builder Mafia Raaj in Pune

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Saturday, July 16, 2016

What will I learn in coaching classes for Pune flat buyers

What will I learn from Dr. Vishwas Chavan if I join Coaching Classes for Pune Flat Buyers on Sunday, 17th July 2016, 4 - 6 pm at Deccan Park Hotel, F C Road, opposite Vaishali?




1) I am going to get possession by December 2016.

2) 2 years ago - I got possession of my flat - I am facing some serious issues.

3) My issue is unusually unique.

Yes, every flat buyer's issue is unique. That's why Dr. Vishwas has divided his session into two parts.

In the first part Vishwas will cover strategic & tactical plan and the second part will be interactive.

If you wish, you can have one to one interaction with Vishwas after the 2 hour session is over.

Not only that! You can book Dr. Vishwas to address your flat buyers' group or society too!!

From the experience of leading Palladium Grand flat buyers Vishwas has learned that - like a cricket or football team - a flat buyers team also needs a coach. After all we live in group housing scheme.

Vishwas wants to become a coach of your team. And train your team to deal with the builder, concerned municipal authorities and your internal issues collectively.

To successfully deal with your issues, you need to know about the flat & project related documents, development rules, the way municipal officers operate. You need to know how to use the social media. How to keep your team united & motivated.

We can deal with many issues before taking flat possession and shifting. Vishwas believes that this is the best way.

But if you have already taken flat possession & are living there for a few years - don't get discouraged. At Palladium Grand, Vishwas has learned that you can win too.

So, attend Vishwas's lecture this Sunday, 17th July 2016 at from 4 to 6 pm at Deccan Park Hotel on F C Road, opposite Vaishali.

Yes, since this is the first session - there is a huge discount! 50 per cent!!

The fee for this session is only Rs. 500 per person!

From the next session it will be Rs. 1,000.

Means, you will not only learn a lot but you can save a lot too!

Do come. With your spouse and with your neighbour. See you...



Related Story:


1) Launching! Coaching Classes for Pune Flat Buyers!!
After successfully leading Palladium Grand Dhanori to victory,
Dr. Vishwas Chavan wants to train all flat buyers in Pune!


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I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Friday, July 15, 2016

Shanti Homes 1 BHK Row House for Rs. 6 Lakhs Scam

No Enforcement of the Order of the District Forum - No Enforcement of Section 25 & 27 of The Consumer Protection Act, 1986:




There is a thin line between good and evil.
There is a thin line between bravery and stupidity.
There is a thin line between arrogance and confidence.
There is a thin line between genius and insanity.
There is a thin line between scam and truth.
There is a thin line between inefficient and corrupt government official.

The line is so thin that most of us find it difficult to differentiate between 'scam and truth' - 'inefficiency & corruption'.

That's why, in 2012, more than 1,000 middle class investors assumed that fully furnished 1 BHK row house for only rupees 6 lakhs at Shanti Homes - located at Warvadi village, on Khed Shivapur - Saswad Link Road, Taluka Purandar, District Pune - is once in a lifetime opportunity to own a second home - weekend home - investment property.

By 2014 some investors realized that Shanti Homes was not a real estate development project but a scam and they filed police complaint against Kalyani Developers & Paramount Realty - Prachi & Ajay Bhute, Madhur Bhosale, Sachin Jagtap, Saiprabha Menon.

When the police captured the culprits - the 1000 plus middle class investors felt that the line between the good and evil is no more thin.

Their days of living as victims of the scamster will be soon over.

They filed a case in the consumer court.

Got ex parte judgment in their favor.

Received orders to recover their money by attaching the property and punishing the scamsters - as per the section 25 & 27 of The Consumer Protection Act, 1986.

The forum's order made the line between bravery and stupidity quite bold. They were glad to see themselves as brave.

But soon they realize that it was an illusion.

The respective authorities - revenue department of Pune district collectorate and Pune police - were not enforcing the orders of the consumer court.

Once again, the line between 'inefficiency & corruption' became thin.

Once again, the line between good and evil became thin.

Is the scam really busted?

What can scam victims do in this situation?

Even after 4 years, the middle class investors in Shanti Homes 1 BHK Row House for Rs. 6 Lakhs scam haven't stop wondering. To know more, please, view the video and hear their story in their own words - in Marathi.

Of course, if you join the Coaching Class for Pune Flat Buyers this Sunday, 17th July 2016, at Deccan Park Hotel on F C Road and attend Dr. Vishwas Chavan's lecture - you can easily identify the difference between good and evil - scam and truth. Do come.

Related Story:


1) Maharashtra Housing Day Registration at Maple Office

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I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
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Wednesday, June 29, 2016

Beginning of the End of the Builder Mafia Raaj in Pune

Maharashtra Government has initiated action against
the first 40 builders in Pune,
Would you like to add your builder's name in the next list?
- Vijay Sagar, Akhil Bharatiya Grahak Panchayat Pune




After submitting the first list of 40 builders, who have committed crimes against the flat buyers in Pune, Maharashtra Government has initiated action against them.

Mr. Vijay Sagar of Akhil Bharatiya Grahak Panchayat Pune shares this info in the above video interview in Hindi.

Mr. Kirit Somaiya, MP, has immediately told the respective officers to look into the matter. Result is Economic Offence Wing of Pune Police invited Grahak Panchayat for the initial briefing.

Mr. Devendra Fadnavis, Chief Minister of Maharashtra, has given assurance to Grahak Panchayat that there would be no political interference in the police investigation.

Mr. Mahesh Zagade, Chief Executive Officer of Pune Metropolitan Regional Development Authority - PMRDA - had a joint meeting with Grahak Panchayat & the 'listed' builders whose projects are in PMRDA.

Mr. Zagade has given orders to his staff to investigate and submit their report.

Marathi Bandhkam Vyavsayik Association - MBVA - has assured to co-operate with Grahak Panchayat.

The positive response from the respective authorities shows that we are moving towards achieving our major goals:

1) Prepare a task force for giving flat possession to the buyers who are waiting for years.

2) Take action against the builders - where only an FIR is lodged - under MCOCA - Maharashtra Control of Organised Crime Act, 1999.

3) Order Economic Offence Wing of Pune Police to take action against the builders who have committed financial crime of selling car parking, and extorting money from the flat buyers under the names of infrastructure & development charges, society formation charges, electric meter charges, club membership, maintenance charges etc.

And see that the builders refund those moneys back to the flat buyers.

4) Order PMC, PCMC, & PMRDA officers to take actions against the builders who are giving illegal possession without obtaining completion & occupancy certificate.

5) Punish the builders who have violated environmental clearance.

6) Order Pune Police to register the FIR filed by the flat buyers against their builder.

But this is just the beginning. Every day more & more flat buyers are joining us. The second list of the builders is getting ready. So, if you want to add the name of your builder, please, visit our office. Says Mr. Sagar.

Here is the office address & phone numbers:



Akhil Bharatiya Grahak Panchayat
634, Sadashiv Peth, Kumthekar Road,
Above Vaani Designer Studio
Pune, Maharashtra 411030

Office of Akhil Bharatiya Grahak Panchayat Pune - 634, Sadashiv Peth, Kumthekar Road, Above Vaani Designer Studio, Pune, Maharashtra 411030

Vijay Sagar 94225 02315

Vilas Lele 75882 35664

Seema Bhakare 98603 68123

Srikant Joshi 98500 59020

Well....well....what are you doing, Pune flat buyers?


Are you refusing or still paying infrastructure & development charges, society formation charges, electric meter charges, club membership, maintenance charges etc. to the builder?

Please, share your views in the comments.

Related Stories:


4) Has the Chief Minister taken any steps to end Builder Mafia Raaj in Pune?

3) Pune Flat Buyers Declare War on Builder Mafia Raaj

2) In 2016 - where to book a flat in Pune real estate market? (Part 2)

1) In 2016 - where to book a flat in Pune real estate market? (Part 1)

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Monday, June 27, 2016

Has the Chief Minister taken any steps to end Builder Mafia Raaj in Pune?

What about Grahak Panchayat's Andolan - "Builder Mafia Raaj Hatao - Pune Flat Buyers Bachao"?




Two months ago, Akhil Bharatiya Grahak Panchayat Pune published a list of 40 builders in Pune who have looted & cheated flat buyers and appealed to the Chief Minister of Maharashtra to take action against them.

1) Prepare a task force for giving flat possession to the buyers who are waiting for years.

2) Against some builders only an FIR is lodged - take action against them under MCOCA - Maharashtra Control of Organised Crime Act, 1999.

3) Order Economic Offence Wing of Pune Police to take action against the builders who have committed financial crime of selling car parking, and extorting money from the flat buyers under the names of infrastructure & development charges, society formation charges, electric meter charges, club membership, maintenance charges etc.

And see that the builders refund those moneys back to the flat buyers.

4) Order PMC, PCMC, & PMRDA officers to take actions against the builders who are giving illegal possession without obtaining completion & occupancy certificate.

5) Punish the builders who have violated environmental clearance.

6) Order Pune Police to register the FIR filed by the flat buyers against their builder.

If the above actions are not taken within a month, Grahak Panchayat warned the Chief Minister that it will start andolan against builder mafia raaj in Pune.

Grahak Panchayat's timing was perfect. In the same month Pune Police have busted the Maple Pradhan Mantri Awas Yojana Scam. Obviously, newspapers & tv channels covered the news quite well and gave good publicity.

But what about the action?
In the last 2 months, has the Chief Minister taken any steps to end Builder Mafia Raaj in Pune?

And what about you, Pune flat buyers?
Are you refusing or still paying infrastructure & development charges, society formation charges, electric meter charges, club membership, maintenance charges etc. to the builder?

Please, share your views in the comments.




Related Stories:


3) Pune Flat Buyers Declare War on Builder Mafia Raaj

2) In 2016 - where to book a flat in Pune real estate market? (Part 2)

1) In 2016 - where to book a flat in Pune real estate market? (Part 1)

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Thursday, June 23, 2016

Pune Police & Flat Buyers of Misty Trails Hadapsar

What should the flat buyers do when construction is slowed down and project is almost stalled?:




When construction is slowed down or stalled, most of the flat buyers in Pune do not take any action against their builder.
They silently suffer.

How can weak win a fight? - is the justification for their silent suffering.
The flat buyers are weak & helpless.
The builder has all powers - money, muscle, legal, political etc.
In fact, the entire system supports the builder.
Against that not even all flat buyers support each other.

When the flat buyers of Misty Trails on Handewadi Road at Hadapsar refused to silently suffer and filed an FIR against their builder Bhujbal Brothers Construction Company - many sarcastically said - Who will complete the project if the builder goes to jail?

Not punishing the builder but patiently waiting is the way to get the flat possession.

Fact of the matter is - the flat buyers of Mist Trails are fighting for their rights. Fighting for flat possession. Not for punishing the builder.

Along with the criminal case, as a group of 70 flat buyers - they have filed a case in National Consumer Forum.

If you view the above Marathi video of Misty Trails flat buyers, you will realize that these guys believe in assertive actions.

They know that flat possession is a war. A long and bloody war. To win the war, they have to win many small battles. And recently they won one.

Police Commissioner of Pune as well as the incharge of Kondhwa Police Station assured them all support. Pune police not only promised to fulfil it's duty of preparing chargesheet against the builder but gave assurance to help the flat buyers.

Remember - Pune police are with these flat buyers - our eyes are on you - in the presence of Misty Trails flat buyers - the head of Kondhwa Police Station told the builder.

In a way, they made it clear that the builder does not have any option but to complete the construction & give flat possession.

On behalf of the Police Commissioner of Pune, the flat buyers of Misty Trails were assured that the police will take initiative to negotiate with the banks to ease the burden of home loan EMI.

And you know what?
One well established builder in Pune is seriously considering to help Bhujbal Brothers for completing their stalled projects!

Moral of the story is - don't hesitate to take action against your builder. He who dares, wins.

Related Stories:


5) How to avoid being duped by the nexus of builders, banks & architects?

4) Misty Trails Hadapsar Flat Buyers to File FIR against Bhujbal Brothers

3) Bhujbal Brothers & Vatika at Balewadi Pune - Share Your Experience - First Time Home Buyers Can Learn a Lot from Your Experience!

2) In 2016 - where to book a flat in Pune real estate market? (Part 2)

1) In 2016 - where to book a flat in Pune real estate market? (Part 1)

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Monday, June 20, 2016

Flat buyers sent legal notice to the builder Amey Prakash Lokhande

Kind Flat Buyers & Inconsiderate Builder:


Mr. Amey Prakash Lokhande, The builder of Sainath Palace, Wagholi, Pune

After meeting the flat buyers of Sainath Palace at Wagholi, I called their builder Mr. Amey Prakash Lokhande. He immediately agreed. We met at a mutually convenient place.

Amey Lokhande was well prepared. He told me that he reads & admires my blog. He also told me that I should write about the issues builders face. Particularly, the small builders like him.

Amey Lokhande's entire argument was based on - how it has become difficult for the small builders to operate.

Not Amey Prakash Lokhande but the circumstances are responsible for the stalled construction of Sainath Palace. Instead of blaming me - you should blame the circumstances and support me.

I am a good person. And in these circumstances - doing business has become difficult for good people like me. Lokhande tried to convince me.

"Circumstances? Means what?," I asked Amey.

"Government & big builders!," said Amey.

"You mean to say - the government and some big builder are responsible for the stalled construction of Sainath Palace?," I asked.

"Yes! You got it right!!," said Amey and added that - "Ravi, you should write about theses issues. In fact, I was planning to meet you to convince you to blog about it!"

I was impressed. What a strategy!

1) First, Amey Lokhande tried to win my heart by admiring & praising me.

2) Then Amey held someone else responsible & gave himself a clean cheat.

3) After that he tried to divert my attention from Sainath Palace to the government & big builder nexus.

Amey Prakash Lokhande knows how to play mind games! No wonder - he could easily convince the buyers to book a flat in the almost stalled project, take loan & give him 90 percent property price & patiently wait for possession for 2 years!

Ravi, go & tell those flat buyers - Amey Prakash Lokhande is a good human being. Though the ugly nexus of big bad builders & government almost destroyed him - he is trying his best to complete Sainath Palace. This was his parting message for me.

Amey Prakash Lokhande expressed no empathy for the flat buyers of Sainath Palace. Amey Prakash Lokhande expressed no guilt for hurting the flat buyers. Amey Prakash Lokhande expressed no shame for lying & breaking promises about flat possession. Amey Prakash Lokhande didn't express any concern for the flat buyers.



After coming home from the meeting, once again I viewed above Marathi video interview of the 3 flat buyers. In this interview they talk about sending legal notice to their builder - Mr. Amey Prakash Lokhande. In this viewing I realized how great these guys are.

Let me tell you why these guys are great:

1) In January 2015 these guys tried to play the kind of 'mind game' the builder was playing with them and made Amey Prakash Lokhande sign the MOU about giving flat possession before 31st March 2016 or giving rent if he fails to give possession. But when the builder's cheques were dishonored they freed themselves from playing 'mind games' and sent him the legal notice. Now, they have left no option to their builder but to pay for his misdeeds.

Only three buyers, who could afford to buy 10 - 20 lakh rupees property, has shown the guts to do what a group of 100 buyers who have booked 50,00,000 - 100,00,000 rupee property don't dare to do.

2) Though they have taken assertive steps and announced their intention to file a case against their builder Mr. Amey Prakash Lokhande in criminal, civil & consumer courts, they have expressed their concern & kindness.

If the builder starts the construction and gives us possession in 2 - 3 months we will pardon the builder for what he has done to us - they have said in the interview.

Showing compassion for someone who has hurt you so much is found only in human beings. Not in the builders. Right?



Related Stories:


5) My builder's unscrupulous tactics

4) Required - Builder's Credit Report & Credit Score Rating

3) My biggest mistake - I didn't construct a gunthewari house

2) In 2016 - where to book a flat in Pune real estate market? (Part 2)

1) In 2016 - where to book a flat in Pune real estate market? (Part 1)

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Sunday, June 19, 2016

My builder's unscrupulous tactics

Lies, Broken Promises & Dishonored Cheques:




In January 2016, Mr. Amey Prakash Lokhande, the builder of Sainath Palace at Wagholi, signed an MOU about giving possession of my flat in March 2016.

"If I can't give possession in March 2016 - don't worry - I am a very kind person - I will pay you the rent!," giving away the post dated cheque for rent, Mr. Lokhande, my builder, promised.

In March 2016, my builder didn't give possession. Because he couldn't complete the project.

My builder couldn't complete the project because he never started the construction.

So I deposited the builder's cheque for the rent of April 2016.

My builder's cheque was dishonored.

It means that the MOU & the cheque was nothing but my builder's unscrupulous tactic.

One more unscrupulous tactic.

In the July 2014, when I booked the flat, Mr. Lokhande, my builder, promised to give possession in March 2015. And mentioned the date in the flat agreement.

I believed in him because the structure of the 4 story single stand alone building was ready. Completing internal work of the 16 flats by March 2015 looked very much possible.

But that was a lie.

From July 2014 to March 2015, my builder did only the POP.
Otherwise for the last 2 years the construction is completely stalled. Jaise Thhe. No progress.

In the last 2 years, my builder has done only 4 activities.
1) He has collected my home loan disbursements. Nearly 90% of the flat price.
2) He has given promises about giving possession. March 2015. December 2015. March 2016.
3) He has broken all promises.
4) He has lied again and again.

What all my builder, Mr. Lokhande, is doing - is preplanned - premeditated - business tactics.

I am left with no choice but to suffer.
Says Mr. Pandurang in the above Marathi Video Interview.

What say you?

Is the delayed flat possession
- results of unfortunate circumstances or
- the result of the well planned business model of the big & the small builders in Pune?

Please, share your views in the comments.

Related Stories:


4) Required - Builder's Credit Report & Credit Score Rating

3) My biggest mistake - I didn't construct a gunthewari house

2) In 2016 - where to book a flat in Pune real estate market? (Part 2)

1) In 2016 - where to book a flat in Pune real estate market? (Part 1)

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001



  

Saturday, June 18, 2016

Required - Builder's Credit Report & Credit Score Rating

CIBIL - Credit Information Bureau (India) Limited - evaluates the eligibility of the home loan borrowers. 
How about establishing an agency which will evaluate the performance & credibility of the builders?:




In June 2014, I booked a 1 BHK Flat in Sainath Palace - a single stand alone 4 story building of 16 flats - at Wagholi.

I booked in this project only because - 70 % construction was ready and the builder - Mr. Amey Prakash Lokhande - promised to give possession in 6 months - means in December 2014.

Possession in 6 months means - I had to pay both - the rent and the Pre-EMI - only for 6 months.
Possession in 6 months means - just after the 6 months - I have to pay only EMI. Which was as good as my current rent.

Financially - paying both only for the 6 months was quite manageable.

However, today, in June 2016, 2 years after the booking, I haven't received the possession of my flat. And I don't know when I will get it.

It means that - I don't know how long I have to keep on paying both - the rent & the pre-EMI.

Can I manage to pay both for so long?

What if I can not manage to pay both in a month?

For the last 2 years - these questions are bothering me day & night.

Till I get the possession of my flat - I have to live in a rented flat - obviously, I don't have any option but to keep on paying the rent.

Since I have taken the home loan - though the construction of my project is stalled - I don't have any option but to keep on paying the Pre-EMI.

Yes. True. I have to pay both every month.

But - what if I can't manage to pay the both?

What - only in a month or two - if I can pay only one - either the rent or the Pre-EMI?

For the obvious reasons, certainly, my first priority would be to pay the rent.

But the fact of the matter is - not paying the Pre-EMI for a month or two - will damage my credit worthiness - my CIBIL ratings. Result is - low CIBIL ratings would hamper my eligibility to obtain a loan from any bank. And I will suffer for life.

But - what happens to the builder who puts me in such a challenging situation by delaying possession of my flat?

Nothing!

Because, like CIBIL - there isn't any authority which rates the builder's' performance!

Don't you think that this is unfair?

Don't you think that the government must establish an agency which will publish an authentic credibility report of the builders?

Don't you think that an authentic credibility report of the builder will help the property buyers to decide whether the builder is eligible to book a flat at an under construction stage of the project?

This is an approximate summary of the above Marathi Video Interview of Doctor Devidas.
What say you? Do you agree with him?
Do you think that Builder's Credit Report & Credit Score Rating would be useful?
Please, share your views in the comments.

Related Stories:


3) My biggest mistake - I didn't construct a gunthewari house

2) In 2016 - where to book a flat in Pune real estate market? (Part 2)

1) In 2016 - where to book a flat in Pune real estate market? (Part 1)

Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.

My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

If you want my advice, feel free to call me on 919860044110.  First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.

Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .

For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:

Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001