Middle Class Madness - Investing in Farm House & Bungalow Plots:
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| ‘God's Gift Landmark’s (www.godsgiftlandmark.com) "Wind Gates" Farmhouse Plots, Khamboli - Rihe, near Hinjewadi, Taluka Mulashi, District Pune |
'Sakal Vastu Property Expo December 2012' was in fact "Farm House & Bungalow Plot Expo"!
There was a crowd in the stalls which were selling N. A. / Proposed N. A. Bungalow Plots & Farm House Plots.
Plots at any location. Starting from plots at Nere & Rihe near Hinjewadi, plots on the back waters of Panshet & Khadakwasla Dams near Pune, plots at Tamhini Ghat to plots with a sea view at Dapoli in Konkan. Including plots at Pargaon Khandala near Shirval MIDC. And even near proposed International Airport at Boramani near Solapur.
Though I visit every property exhibition at Pune, I avoid visiting the stalls which sale plots. But this time, I visited these stalls. Enjoyed the conversations between the 'investors' & salespersons. Explaining the special exhibition offers. Threatening about the price rise. Claiming tall appreciation in the next few years. Informing grand development plans. And investors signing cheques of the booking amounts.
Investing in the Future of Your Family:
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| Moon on the Celebaration Night of Foundation Day of Vastushodh Projects Pvt Ltd |
At one stall, Sanjay, one my readers, told me that he is here to find out a project which will - in the near future - say after 20 years - will become one of the most prime residential location in Pune.
Sanjay's wife got bored and had left for home. But Sanjay was exploring the exhibition to find and book a bungalow plot. He was 100 per cent sure that he will be successful in his mission. Because he has a vision. Like his father. Who had identified and invested in a bungalow plot society at Karve Nagar - some thirty years ago. Identifying right investment opportunity is in my blood, Sanjay told me.
"What about you, Ravi karandeekar? Do you invest in land?," Sanjay asked.
"Certainly! I am follower of Mark Twain. Who said - Buy Land! They're not making it anymore!!," I said.
"Where did you invest in Pune?," Sanjay asked.
"When I invest in real estate - I think like 'investor'. Not like a 'home buyer'. I have invested in cheap 1000 acre land at New South Wales Australia and
a piece of land on the Moon," I said.
"But what's the use of land on the Moon?," Sanjay asked.
"Someday, I hope, my unborn son would be as proud of me as you are of your father!," I said.
Property or Plot - Which is better investment?:
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| Mr & Mrs Hardas at Pune Property Exhibition - Sakal Vastu - Property Expo - December 2012 |
Ms. & Mr. Hardas were exploring investment opportunity in real estate. Ms. Hardas wanted to buy a second property which will give her rental income. Whereas Mr. Hardas wanted to invest in a plot. On which, down the line, I can construct a bungalow, Mr. Hardas told me and asked, "I don't understand - how can you book a plot in exhibition - without visiting the actual site?"
"Why? What's the problem? At one stall, they were showing the site on Google. Since its nothing but a barren land what more you can see if you actually visit the site?," I asked.
"What about the legal documents? Developers reliability?," Mr. Hardas asked.
"That's why I prefer to invest in a flat!," Ms. Hardas said.
"But, don't you think that if you invest in diamonds - you can eat the cake & have it too - you can wear a few lakh rupees diamonds on yourself and encash it anywhere - anytime? Don't you think that
investing in diamonds is more safe & easy than investing in a flat?," I asked.
"That's what I tell her!," Mr. Hardas said.
What say you? Would you like to invest in a plot or a flat? Isn't investment in diamonds more safe and more easy to encash than real estate investment? Please, share your views in the
comments.
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A few Plots for Sale - found in Sakal Farm House & Bungalow Plot Expo:
Related Stories:
1)MONDAY, SEPTEMBER 03, 2012
Looking for a farm house plot near Lonavala?
2) Ravi Karandeekar's Blogs on Bungalows & Row Houses in Pune Real Estate Market:
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