Dipti

Hi All,

I visited one project in Pimple Gurav area. It was my second visit to the project. In first visit (nov 2008) the rate was 2800 psf and total budget for 2 bhk was 28L-29L. In second visit (Feb 2009) the builder told me the rate as 2500 psf, but still 2 bhk total cost was same 28L-29L. He has increased the Society maintenance charges and as well he had included lobby and staircase area in the calculation. Eventhough the psf rates are down the total cost for a flat is same. What a magic! I did not discuss/argue about this with the builder, just got the quotation and left. As I think the price 2500 is even not worth for that area. so just waiting for prices to come at real level in Pune.

Sanjeev30

Which Project was that ?

ks2071746

Dear friend,

Saying that the rate is reduced but making up the total value with such methods is not fair and correct on the part of the builder. Better to avoid such builders. They may also compromise on quality, delivery etc.

ks2071746

sansona

Dipti - I have found the same in Magarpatta. They claimed that they reduced prices by 300 Rs. and parking is 50% off and MSEB free. However, they increased the loading (I will explain that) so that overall cost is same.
Loading is the factor they multiply to the carpet area (carpet area is the actual area you use inside the house, excluding walls, terrace).
Industry standard for loading is 25% and tarrace is calculated 50%.
e.g. if carpet is 1000 and terrace is 200, then total salable area is = (1000+200/2)x1.25= 1375.
If they increase loading to 35%, the same would be 1485, which means you have to pay extra for 110 Sq. ft. Even if rate is 3000, you end up paying extra 330000/-.

I have observed this up to 43% in Nance Lake homes (katraj) and 35% in Nancy Brahma (Bavdhan).

Pune builders are playing game and we should nail them down.

cheers
Sansona

mahesh pune

Nice info by Sansona. In mumbai loading factor is 35% but in pune as per PBAP it is 25%. All builders are not under PBAP and they apply whatever factor they like. You must count carpet area of flat and then divide buiders claimed area by it to get loading factor. I found that builders are using more than 25% in some cases.
Also overall cost is same after psf reduction with following trick.
1. Charge 3 yrs maintaiance as 2 lakhs in advance.
2. Infrastructure charges.
3. Clubhouse charges.

Sansei

Useful info mahesh and Sasona.

have to study more mathematics HA HA HA.

akssenti

Totally agree with you guyz. Another favourite trick is to increase cost of parking and ask people to go for uncovered parking. It adds to cost to builder and people pay 1 lakh to park cars on road. Parking is supposed be free under law in PCMC area and builder cannot charge for it but nobody adheres to this law.

LSK

Hey why not we people write to Pune mirror regarding this ?
It will be good if it gets psoted on newspaper and also the daily should ask questions as why parking is not free and why builders are not selling flat based on carpet area rather saleable area ?

This will be helpful to all the people and we wont fall to such traps . Also the concerned authorities would be questioned.

Let us all draft a good mail and send it to Pune Mirror and other papers like DNA etc and request them to publish such report.

Sansei

Pl chk headlines in SAKAL 26 May.
PCMC is going to blacklist builders not providing or charging open parking as per High court orders.

Sansei

Very good article in this forum, at this thread

pl read

Buying a house? Beware of builders' tricks by suruchi

Also take guidance regarding FSI & Built up fm NATARAJAN (post) in Chennai threads .