realacres

This essentially means 1 thing:-

People buy when price is logical. As far as area is concerned, I think it has more to do with price/sq ft too. I don't think people will buy 500sq ft flat for 10k/sq ft just because the total amount is 50L.

People want VFM (value for money) when they buy even a car, else why did Honda Jazz didn't do well despite being a good car? The price was very high for a hatchback car. Same is for RE. You price it accordingly, & you will find that even 1000 flats will be sold out in 2-3 months.

Demand for housing is there, but at correct/logical prices.

Jitu_Sir

Dear RajeshP,
the reason why i mentioned the rate of 5200 instead of launch rate of 5600 was that was the rate when the actual conversions happened. its true to say that now when the possessions are closer by the current rate is lesser than launch rate but close to the rate the the conversions happened.

Dear Realacres,
i agree to you that buyers will buy only when rates are logical. and today at this phase of development people find our rates reasonable.

__________________
Jitendra Pethkar
Pethkar Projects
Partner

enduser

Rightly said, but Builders simply close their eyes and keep on babbling about why the price is right. Ironically, every price is right for them.

Yesterday, I happened to visit Consumers Exhibition at COEP and one customer remarked to a salesman about how Chicken stuff at his stall was costly in comparison to say Mumbai, etc. The innocent salesman agreed that things were indeed costly but that was because they were at the exhibition site in Pune. However, he was immediately reprimanded by his owner boss, who told him to tell customers that their quality was better than others and hence the High price!

Similar is RE stuff. You inflate prices and keep on giving crap about how the price is right. All that infra (like access roads, schools, shops, etc.), does not cost single paisa to builders (since they are taken care by someone else), but still the builders increase their prices based on these parameters.

Jitu_Sir

Just read some other thread about solar panels for electricity generation.
i feel that LED lights is a better and economical option where by we can reduce the common electricity consumption.
like in our scheme we had made two circuits. one which runs between 6pm till 10 pm where we are using 11W CFL while the other circuit which runs for entire night runs on 3W LEDs. more particularly LEDs are used in staircase and partly in parkings. this will certainly reduce the load on common meter.
any suggestion is welcomed...

enduser

Nice, but it's like you pay 'Elephant-like' price for the flat and break your head on saving 'tail'-ish (very minor) kind of expenses

realacres

You can have solar street lights on internal roads, for garden area as well as have solar modules on roof of gym/club house which can take care of it's own electricity requirements. This way, common electricity charges can be brought down which is useful for you as a builder too.

Jitu_Sir

Dear Realacres,
thats true but as mentioned earlier the initial cost involved in this entire setup restricts us to introduce this system. it is true that the initial cost of LED fittings is also higher that CFL fittings but that cost is not too high and its recovery is possible in 2/3 years span of time. moreover use of LED lights in areas which are almost not used like staircase etc helps to reduce the load on common meter.

realacres

Hi Jitu,

In case of solar, you get 80% depreciation the first year itself. Think about it, you can easliy adjust this cost. However, the minimum capacity required is 10kv for the same.

Btw, Samrajya being a project with many flats, have you considered bio-gas plant for the project? It will indeed prove VFM considering the size of the project.

Jitu_Sir

Dear Realacres,
your recommendation shall be taken into consideration for using solar panels for common lighting. just need to check the commercials involved.
as regards bio-gas,

Jitu_Sir

Dear Realacres,
your recommendation to use solar panels in common lighting shall be revived and implemented after getting the commercials involved in it.
as regards use of bio gas we prefer the OWC - Organic Waste Convertor plant which is located outside the society premises. Its having a fast conversion process from wet garbage to rich manure, and most important is it doesnt stink.