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Old October 13 2010, 07:44 PM   #1
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Default Help to newly builder

Guys i am a new builder in pcmc area and want all ur help in knowing what actual a customer wants
the follwing points are

name of the project
floor plan which u like most
external amenities
internal specifications
appropriate rate(in wakad area)
and any other suggesstions whic u want a builder should have

it would be very helpful if u provide me with such information

thank you

 
Old October 13 2010, 07:53 PM   #2
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thnkx for asking
 
Old October 14 2010, 03:54 AM   #3
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Quote:
Originally Posted by hearty1987 View Post
Guys i am a new builder in pcmc area and want all ur help in knowing what actual a customer wants
the follwing points are

name of the project
floor plan which u like most
external amenities
internal specifications
appropriate rate(in wakad area)
and any other suggesstions whic u want a builder should have

it would be very helpful if u provide me with such information

thank you
Welcome to the forum. The questions you ask, there is no good answer. All different people have different liking and thinking.

So just do your best, present your finished product in the market, priced according to the similar product in your neighbourhood.

If it does not sell, reduce the price else increase the price.

BTW you need to buy a Scorpio first.

One question to you, answer only if want to give a honest answer. Please please do not give a dishonest answer.

What would be the construction cost for 11 story building with Granite in the stair case, good size lobby outside the door, vitrified tiles in the flat, and excellent quality electrical and bathroom fittings? 2 automatic Schindler lifts for each building. Please be honest, else please do not answer this question.

Thanks.
 
Old October 14 2010, 12:42 PM   #4
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Nopes, I want a new builder in Pune to

1. Sell on Carpet Area
2. Follow all MOFA rules - including for parking/terrace area
3. Ceiling height of atleast 10 feet
4. No train bogey type construction
5. conyance transferred on possession and registration done together for 10 flats atleast
6.all certificates in place
7.completion certificate from PCMC on possession
8.Bank Loan sanction tie-up from PSU bank
9.Possession within 1.5 years, delay of 1% per month of property value to paid to the buyer
10. No force majouer clause for delay
11. Escrow account maintained with bank for payments as per building construction
12. Single Rate per sq feet - On Carpet Area + 30% Terrace for the flat. No other amenities/parkings/main/msed charges
13. We dont need amenities, the society may wish to construct at its own behest. a open grass plot/garden is all that is needed.
Can you do ALL of this ?
 
Old October 14 2010, 01:11 PM   #5
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Quote:
Originally Posted by pcpune View Post
Nopes, I want a new builder in Pune to

1. Sell on Carpet Area
2. Follow all MOFA rules - including for parking/terrace area
3. Ceiling height of atleast 10 feet
4. No train bogey type construction
5. conyance transferred on possession and registration done together for 10 flats atleast
6.all certificates in place
7.completion certificate from PCMC on possession
8.Bank Loan sanction tie-up from PSU bank
9.Possession within 1.5 years, delay of 1% per month of property value to paid to the buyer
10. No force majouer clause for delay
11. Escrow account maintained with bank for payments as per building construction
12. Single Rate per sq feet - On Carpet Area + 30% Terrace for the flat. No other amenities/parkings/main/msed charges
13. We dont need amenities, the society may wish to construct at its own behest. a open grass plot/garden is all that is needed.
Can you do ALL of this ?
Hey PCPune, whether even you will able to fulfill all those which you have written above if you become builder ever???

If everybody is selling on Super built up, not in Pune even in entire India, so why the hell somebody will sell it on Carpet area??? If somebody do that then he is not doing business well & he will be wipe out in no Time from this business....

Tell me one thing honestly, suppose if you have invested in some RE company (I know you don't like RE company for investment ), whether still you will ask all the above with that company???
__________________
Cheers,
-Ashish
 
Old October 14 2010, 01:19 PM   #6
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Quote:
Originally Posted by pcpune View Post
Nopes, I want a new builder in Pune to

1. Sell on Carpet Area
2. Follow all MOFA rules - including for parking/terrace area
3. Ceiling height of atleast 10 feet
4. No train bogey type construction
5. conyance transferred on possession and registration done together for 10 flats atleast
6.all certificates in place
7.completion certificate from PCMC on possession
8.Bank Loan sanction tie-up from PSU bank
9.Possession within 1.5 years, delay of 1% per month of property value to paid to the buyer
10. No force majouer clause for delay
11. Escrow account maintained with bank for payments as per building construction
12. Single Rate per sq feet - On Carpet Area + 30% Terrace for the flat. No other amenities/parkings/main/msed charges
13. We dont need amenities, the society may wish to construct at its own behest. a open grass plot/garden is all that is needed.
Can you do ALL of this ?
Good list pcpune .
A few additions and some repetitions :
1. Quality of construction - If you can give a quality certificate then nothing like it .
2.After sales service - Once flat is sold dont keep consumers at your mercy . Fix construction defects , leakage problems at no extra cost for 3 years minimum .
3. Land title on which the building is to be built should be clear . Any existing loans/mortgages pledged to a bank by the builder should be clearly mentioned .
In short , everything legally clear and transparent .
4. NO PRE-LAUNCH - Start booking only when a good percent of the building is complete . The worst thing to do from consumer point of view is sell flats at pre-launch and then do not complete the project in stipulated time . People pay EMIs to the bank and every month delay makes them pay additional interest to the bank .
5. Only promise which you can deliver . Most sensible people here are not looking for luxury amenities like swimming pool , clubhouse , digital/remote house communication and other technology stuff which has to be maintained at an exorbitant price and doesnt work after few years . What people need is roads , water , electricity , lifts in order . No exorbitant maintenance charges - An audit of whats happening with the money that you take as maintenance charge .
6. No change in plans of the project once flats are sold . Once project is complete builder has to convey it to society in all entirety . Builder cannot run any other business/sell/rent/lease anything from society premises .
7. Sell based on carpet area . Allocate parking space for every flat without charging extra .
8. Keep enough space between 2 buildings and the neighbouring project and an open area/garden where people can sit/walk/jog .
One more thing :
IT IS GROSSLY MISUNDERSTOOD THAT WE ARE IN THE INTERNET AGE AND RUNNING EXHIBITIONS , E-MARKETING WITH GLOSSY BROCHURES WILL FETCH YOU CUSTOMERS . YOU HAVE TO PROVIDE GROUND REALITY TO CUSTOMERS WHICH IS THAT YOUR PRODUCT HAS TO HAVE QUALITY AT AFFORDABLE PRICE .
 
Old October 14 2010, 01:27 PM   #7
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In ahmedabad, 50% builders or builders sell on carpet+ wall

In bangalore - they sell on 90-95% carpet

In NCR, its a combined - Single rate price -- but they sell on super built -- however -- calculating on carpet is much easier

In Pune - they cheat you the MOST

Ash,

Lets talk over the same after 5 years from now. Believe me all what I have said above is a part of the Draft Model Real Estate Regulation Act.

The same thing was happening with ULIPs -- didnt last long

The same thing happened with stocks in 1990s - brokers chraging humungoes margins, all kinds of cheatings -- didnt last long

For me, any "genuine" business that has over 20-30% NPM -- doesnt LAST too long. So, if I take 2006 (cheating started), and 2013-2014 -- cheating would end, I think its just a time frame, we should avoid buying.

I think I forgot to add, after all this, I dont mind the builder quoting the rate of 5000 or 7000 rs or even 100000 Rs per sq feet on carpet - the price simply depends on demand and supply.

So, at 45 lacs, for 650 sq feet, I know I am paying 7000 rs per sq feet IFF all conditions above are MET.
 
Old October 14 2010, 01:30 PM   #8
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I think the Mahindras had openly stated that the builders have formed a cartel are resorting to all kinds of cheatings and not letting them do business. Once Reliance, Tatas, Godrejs have more foot print, things will automatically improve....
 
Old October 14 2010, 08:08 PM   #9
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Quote:
Originally Posted by RAJESHP View Post
Welcome to the forum. The questions you ask, there is no good answer. All different people have different liking and thinking.

So just do your best, present your finished product in the market, priced according to the similar product in your neighbourhood.

If it does not sell, reduce the price else increase the price.

BTW you need to buy a Scorpio first.

One question to you, answer only if want to give a honest answer. Please please do not give a dishonest answer.

What would be the construction cost for 11 story building with Granite in the stair case, good size lobby outside the door, vitrified tiles in the flat, and excellent quality electrical and bathroom fittings? 2 automatic Schindler lifts for each building. Please be honest, else please do not answer this question.

Thanks.

a really difficult question for a new one

first of all i want to tell you that construction cost varies differently according to internal specifications and external amenities

if i take a normal 7 storey building with basic amenities like swimming pool nd gym etc like gk builder in pimple saudaghar his construction cost goes around
950 rs

if it goes 11 storey construction cost increases as it goes around 1150rs
and more

this happens bcoz rcc contractor takes more money and the builder has to give 2 lifts and 2stairecases

this cost is for today and the cost increases day by day thats why the price increases and goes for average 1250 rs
this all happens on saleable area
i hope i have given the honest answer

thank you
 
Old October 14 2010, 08:33 PM   #10
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Quote:
Originally Posted by pcpune View Post
Nopes, I want a new builder in Pune to

1. Sell on Carpet Area
2. Follow all MOFA rules - including for parking/terrace area
3. Ceiling height of atleast 10 feet
4. No train bogey type construction
5. conyance transferred on possession and registration done together for 10 flats atleast
6.all certificates in place
7.completion certificate from PCMC on possession
8.Bank Loan sanction tie-up from PSU bank
9.Possession within 1.5 years, delay of 1% per month of property value to paid to the buyer
10. No force majouer clause for delay
11. Escrow account maintained with bank for payments as per building construction
12. Single Rate per sq feet - On Carpet Area + 30% Terrace for the flat. No other amenities/parkings/main/msed charges
13. We dont need amenities, the society may wish to construct at its own behest. a open grass plot/garden is all that is needed.
Can you do ALL of this ?
thanks for your suggestions

i cant do some of the above things

see the rcc contractor,engineers.rcc consultant,brick work contractors,piping consultant and many more charge for the slab area which generally is double of carpet area and 1.5 of saleable
so it becomes very difficult for us to sell on carpet
loading is done only to include area of brickwork 6 inches wall which is given for the flat
sorry i cant do that

i want u people to tell me whether i should concentrate on internal specifications
or external amenities
and the best floor plan u have liked of any project
and also give some good names for my project
 
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