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