Delete comment from: Ravi Karandeekar's Pune Real Estate Market News Blog
Ravi,
There is no point in explaining same things time & again to IT Yedas. Let them buy wherever they want so that we can get one more case study, Lol.
This Yedatech Industries Association rather than going around talking about traffic, water, sewage etc. should take special classes in their campus about what needs to be done while buying a flat & 10 marks test linked with their performance should be taken !
Coming to this Vilas Javdekar builders, he is one of biggest crook in Pune. He had offered free rent incase of delays for his older projects, but despite delays, no rent was paid. Possession was also delayed. Lot of complaints when he tied up with HBC & gave fake assurances to buyers. Funny thing is Sanjay Deshpande, who talks a lot about sanctions, timely possession etc. is partner is some of his projects ! Check this link -
http://www.sanjeevanideve.com/Orchid.html
And corrupt NCR culture will be built in Javdekar builders, else how he would have been able to be 2nd generation chief commander of Lashkar-e-CREDAI ?
The moment Lashker-e-CREDAI name is seen, one should know fully well that he is dealing with a robber, dacoit combo who also terrorizes peace of buyers mind.
And rather than spending 65L at such third class location with non existing infrastructure for a flat which may not be delivered even after 5-6 years, it's better to rent good flat in very good location for fraction of this cost & enjoy quality life with big savings. Builder will look for 250-300% profit margins (ofcourse they will keep crying how they don't have any profits left, high land cost, construction, delay in sanctions, labor blah blah) thing is buyer should see whether it's worth it. Why become slave to builder & banks ? True ownership of anything is when there is no loan, no EMIs. Don't know why Yedas don't get this point ?
See how builders going bankrupt & buyers are left with neither money, nor flat. Do read comments below too.
Builders find giving refund on delays tough -
http://economictimes.indiatimes.com/wealth/real-estate/builders-find-giving-refund-on-delays-tough-look-to-finish-pending-projects/articleshow/54259920.cms
Those who think buying in third class locations without proper infra should read this recent news -
This is what Hamid Ansari will not see when he drives into the city today -
Green curtains have been used to camouflage piles of garbage along way; gram panchayats cry foul, claim lack of dumping grounds.
http://www.punemirror.in/pune/cover-story/This-is-what-Hamid-Ansari-will-not-see-when-he-drives-into-the-city-today/articleshow/54664083.cms
Some recent cases how Pune builders cheated buyers by not providing what is mandatory as per law. List includes Vilas Javdekar Palash, Wakad; Nandan Inspera, Balewadi; Swiss County by Rama Group, Thergaon, Sanskruti, Wakad, Sidhivinayak Group etc.
STENCH OF AN EYEWASH -
http://www.punemirror.in/pune/civic/STENCH-OF-AN-EYEWASH/articleshow/51245389.cms
In other news, real estate hoarders are getting badly hit. Many bought flats as investment & put that as collateral for another loan & now these are becoming bad loans due to defaults by these real estate hoarders.
There’s stress building on loan against property segment of NBFCs :
A combination of stagnant property prices, especially in metros and large cities, which are the primary markets for large and medium ticket LAP, and squeeze on refinancing due to risk aversion building up in some financiers, is bringing stress to the fore.
http://economictimes.indiatimes.com/markets/stocks/news/theres-stress-building-on-loan-against-property-segment-of-nbfcs/articleshow/54708530.cms
Oct 6, 2016, 1:52:54 PM
Posted to What if Hinjewadi IT Engineers were a little less stupid?
