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Builders & Real Estate Bulls Theory Proved Wrong

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Builders & Real Estate Bulls Theory Proved Wrong

Last updated: November 1 2016
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  • Re : Builders & Real Estate Bulls Theory Proved Wrong

    Read this somewhere :
    "Maharashtra is the new Bihar. Bihar 2.0. Scams after scams and the same faces."

    http://twitter.com/#!/fakebalthakre/status/29354326252

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Originally posted by realacres View Post
      True, but atleast they were the first ones to owe & give up rather than wait for an enquiry. Also here are some facts:-

      The Adarsh soc was meant for Kargil martyrs kith & kin & was strictly meant for defence forces. This junk Ashok Chavan passed an ordinance making the soc open for civilians as well. It was then that netas jumped in. Had this change not been made, only martyrs family or those who served in Kargil would have been able to get a flat here.
      and now there is this "natak" of resignation... i really wonder why anyone gives a resignation to his party lead whereas the post is not a party post. it is a govt of maharashtra post, so if anyone needs to give a resignation letter it needs to go to 'Rajyapal'

      the moment someone offers to resign but actually submits it to a party leader instead of constitutional approver, people can safely assume that this person is guilty but still want to continue and hence has started some bargaining somewhere...

      the so called 'clean chits' then follow after large sums of money is transferred in swiss accounts..

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Originally posted by punerebuyer View Post
        and now there is this "natak" of resignation... i really wonder why anyone gives a resignation to his party lead whereas the post is not a party post. it is a govt of maharashtra post, so if anyone needs to give a resignation letter it needs to go to 'Rajyapal'

        the moment someone offers to resign but actually submits it to a party leader instead of constitutional approver, people can safely assume that this person is guilty but still want to continue and hence has started some bargaining somewhere...

        the so called 'clean chits' then follow after large sums of money is transferred in swiss accounts..
        PRB,

        Good to read this . Seems everyone is now aware how dirty games are played.

        Btw, this Chavan chap is involved in land scam of 425 acres, which was given to 2 senior Cong leaders sons, one of which is Manikrao Thakre's son.
        Originally posted by aditi sharma View Post
        Read this somewhere :
        "Maharashtra is the new Bihar. Bihar 2.0. Scams after scams and the same faces."

        http://twitter.com/#!/fakebalthakre/status/29354326252
        The background image is very old, shows Udhav & Raj together!!
        Last edited by realacres; November 1 2010, 10:59 PM.
        If you are happy, you are successful.

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by punerebuyer View Post
          the so called 'clean chits' then follow after large sums of money is transferred in swiss accounts..
          And guess who work hard for their life to fund this money trasnfers, mango man, who lives in cramped 2BHK for the cost of 50L, with no water and law to protect them and no pension at retirement.

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by aditi sharma View Post
            Read this somewhere :
            "Maharashtra is the new Bihar. Bihar 2.0. Scams after scams and the same faces."

            http://twitter.com/#!/fakebalthakre/status/29354326252
            Irrespective, Pune and Mumbai, till date, have potential to employ many people, unlike Bihar.
            Last edited by RAJESHP; November 2 2010, 03:19 AM.

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by hitmady View Post
              It's time voters ask incumbent government this question, "When #90% of Mumbaikars can't afford decent flats (avg. price 1 crore), how come your ministers could afford 4 crores flat in Mumbai's Adarsh society?"
              As per today's DNA editorial, 99% of Mumbaiker can't afford flat in Mumbai due to Builder & Poltiician nexus. Mumbai's rates keeping, RE rates very-high in Pune and other metros as well.

              HDFC chairman Deepak-Parekh says "10-90 loans a bigger problem in reality.. it's time for the RBI to step in.."
              Follow DNA Money link: http://epaper.dnaindia.com/newsview....751590&pgno=11
              Last edited by hitmady; November 2 2010, 09:57 AM.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by hitmady View Post
                As per today's DNA editorial, 99% of Mumbaiker can't afford flat in Mumbai due to Builder & Poltiician nexus. Mumbai's rates keeping, RE rates very-high in Pune and other metros as well.

                HDFC chairman Deepak-Parekh says "10-90 loans a bigger problem in reality.. it's time for the RBI to step in.."
                Follow DNA Money link: http://epaper.dnaindia.com/newsview....751590&pgno=11

                this is a good sign, permanent property exibhition has been set up ONLINE, real property exibhition happening every other month or every month, modular kitchen, foreign trips, SD reg free for booking, indicates what?

                i dont understand why builders simply dont follow MOFA in spirit and letter and bring up on transparency in their rating of projects.

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by hitmady View Post
                  As per today's DNA editorial, 99% of Mumbaiker can't afford flat in Mumbai due to Builder & Poltiician nexus. Mumbai's rates keeping, RE rates very-high in Pune and other metros as well.

                  HDFC chairman Deepak-Parekh says "10-90 loans a bigger problem in reality.. it's time for the RBI to step in.."
                  Follow DNA Money link: http://epaper.dnaindia.com/newsview....751590&pgno=11
                  10/90 plans are something I have been waiting for till now. This is Step 1 for bubble. As I always maintained we are still not in a bubble.

                  10/90 is the first step towards it. I want all the banks to sign up to it.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Avoid 10-90, 15-85, 20-80.... loans

                    Originally posted by hitmady View Post
                    As per today's DNA editorial, 99% of Mumbaiker can't afford flat in Mumbai due to Builder & Poltiician nexus. Mumbai's rates keeping, RE rates very-high in Pune and other metros as well.

                    HDFC chairman Deepak-Parekh says "10-90 loans a bigger problem in reality.. it's time for the RBI to step in.."
                    Follow DNA Money link: http://epaper.dnaindia.com/newsview....751590&pgno=11
                    Similar type of schemes are in Pune by Amit for Colori & Akcruti at Katraj-Kondwa rd. It is best to avoid such schemes .

                    Here is how buyers fall in trap in such cases:-

                    Builders state that buyers need to pay just 10% as downpayment, & the builder will pay EMIs till possession. This means, he uses all your money at cheaper rates than market rates & pays your LESS EMIs than his HEAVY EMIs. This indicates that either builder is unable to raise money from the market, he himself is short on funds or he can't afford the market rates for commercial use. This is a sign to get wary.

                    Buyers loose this way:-

                    >> In such schemes, the price/sq ft is generally more....so that builder can use more money at less interest rates,

                    >> If one opts for teaser rates (which one shouldn't), the low EMIs benefit is taken by builder & by the time you start paying EMIs, you get existing interest rates,

                    >> The builder generally ties up with some particular bank only from where you can borrow. So, better options from other banks can be lost,

                    >> Most importantly, the loan is given to you by the bank & not to the builder & it is the buyer who is liable to pay EMIs & not the builder according to the agreement. So, if the builder defaults or delays the EMIs, your CIBIL ratings is going to fall + the penalties & rest of the consequences of being a defaulter is to be borne by you & not by the builder.

                    >> It is also possible that builder takes the payment, pays EMIs for sometime & then defaults. In such case, not only you loose the money, but flat as well + pay EMIs for house which doesn't exists.

                    Seeing all these factors, it is better to avoid such offers. It can be like ice-cream on top followed by left-over food at the bottom.
                    If you are happy, you are successful.

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by hitmady View Post
                      HDFC chairman Deepak-Parekh says "10-90 loans a bigger problem in reality.. it's time for the RBI to step in.."
                      Follow DNA Money link: http://epaper.dnaindia.com/newsview....751590&pgno=11
                      RBI has paid some heed to HDFC chairman's advice. It proposes to increase the standard asset provisioning by commercial banks for all such loans to 2 per cent.

                      Besides, RBI also directed banks loans should not exceed 80 per cent of the value in order to secure assets of the lender in case of default.
                      Follow ET link: http://economictimes.indiatimes.com/...ow/6858837.cms
                      Last edited by hitmady; November 2 2010, 07:03 PM.

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