Hi folks,

As I earlier mentioned I am going to visit Pethkar - Samrajya today. I am finalizing a 2bhk unit there. The last rate quoted was Rs. 4200. Lets see how much they reduce the price today. If anyone has more info on this project/builder then kindly share. :D
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  • Well, I do know a relative who bought for 1.09 crore :) only last month. Wonder what his reaction will be.
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  • Originally Posted by abeerbagul
    Well, I do know a relative who bought for 1.09 crore :) only last month. Wonder what his reaction will be.


    I should have continued to show patience !!


    Hey Abeerbagul:
    Did he buy for living or investment (is he in Pune or abroad)?
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  • Originally Posted by abeerbagul
    On 3 Jan 2012, a 3 bhk flat 1001 in N wing had a price of Rs. 1,09,75,539. On 9 Jan 2012, you reduced the price of this same flat to Rs. 1,04,07,000. This is a straightaway reduction of Rs. 5,70,000 in the price of the flat.

    How will you keep existing buyers happy, when they come to know that there is a 5% drop in the value of their home which they just purchased?

    Dear abeerbagul,
    Prior to this offer the rates in M/N wings were 6800 while now they are 7000 psft. The difference here is intially ST & VAT were applicable while now they are not.
    Being a 80IB scheme we have some sales target, whereby we came up with this limited scheme offer of SD & REG fees waive off. The previous as well as the current buyers will surely be happy in long term.
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  • Originally Posted by abeerbagul
    Well, I do know a relative who bought for 1.09 crore :) only last month. Wonder what his reaction will be.

    Dear abeerbagul,
    Though we had applied for OC few months back we can't ascertain the exact date on which we could get it. The day we get the OC all registrations done after that will not have to pay ST & VAT.
    As regards the Offer we regret for those who were unable to avail it for some reason.
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  • Jitu Sir,

    Is it fine if people shift to their flats without OC?

    Can OC be obtained before the elex meter are installed?
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  • Originally Posted by AvinKumar
    Jitu Sir,

    Is it fine if people shift to their flats without OC?

    Can OC be obtained before the elex meter are installed?

    Dear AvinKumar,
    Legally the purchaser can start his/her stay in the flat only after the builder obtains OC for the said building. But since OC normally takes around 5-6 months after submitting all NOCs, purchaser normally take the possession and start their interior work. By the time s/he plans to shift they can expect the OC.
    OC can be obtained before MSEB meters being installed on site, since there is no NOC from MSEB to be submitted to PMC.
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  • Is it necessary for the buyer to be present physically for taking the possession?
    Can some one else take care of procedure on buyer's behalf? If yes, what are the legal requirements for the care taker?
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  • Originally Posted by amit3011
    Is it necessary for the buyer to be present physically for taking the possession?
    Can some one else take care of procedure on buyer's behalf? If yes, what are the legal requirements for the care taker?

    Dear amit3011,
    You can authorise a person through mail or letter to the builder who will take the possession on behalf of you. The only legal requirements arises in case any affadavit like for VAT etc is to be signed.
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  • Originally Posted by Jitu_Sir
    Dear abeerbagul,
    Though we had applied for OC few months back we can't ascertain the exact date on which we could get it. The day we get the OC all registrations done after that will not have to pay ST & VAT.
    As regards the Offer we regret for those who were unable to avail it for some reason.

    So, was this scheme there for buyers even before it was officially announced ?
    And I liked the phrase- 'Stock Clearance Sale' ;). Atleast you have guts to admit it on open forum.

    Btw, if I am right the 80IB scheme expired on Mar 10. How can you still avail these benefits ?
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  • Originally Posted by realacres
    So, was this scheme there for buyers even before it was officially announced ?
    And I liked the phrase- 'Stock Clearance Sale' ;). Atleast you have guts to admit it on open forum.

    Dear realacres,
    We have given the offer to buyers who have booked but not undergone registration.
    Originally Posted by realacres

    Btw, if I am right the 80IB scheme expired on Mar 10. How can you still avail these benefits ?

    In last budget 80IB got a 1 year extension. So 80IB will be expiring by 31st March 2012 Sunset.
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  • Originally Posted by Jitu_Sir

    In last budget 80IB got a 1 year extension. So 80IB will be expiring by 31st March 2012 Sunset.


    when there is a favorable law, builders know it by heart... when there is a buyer friendly clause, its always 'take it or leave it'...
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  • Originally Posted by punerebuyer
    when there is a favorable law, builders know it by heart... when there is a buyer friendly clause, its always 'take it or leave it'...

    Dear punerebuyer,
    All our previous phases were sanctioned under 80IB, so not that hard to keep its validity info. As regards buyer friendly clause, our draft agreement safe guard the interests of both signing parties. Ofcourse there has to be acceptance on the agreement.
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  • jitu sir,

    how long did it take for a person on an average to get possession at samrajya since booking?

    when was the first booking done and first possession handed over?

    what was initial rate and what is it now?

    many projects these days, have started charging upfront 15% of amount at the time of booking, earlier it used to be 1 lakh or so, why this has changed? i view it in two perspectives -
    1. builder want expression of higher commitment from buyer?
    2. builder lack fund and so require this to meet his capital requirement

    is samrajya receiving water from pmc now?

    samrajya advertisements look simple, honest and to the point unlike many elusive advertisements by other builders like live in the sky, enjoy party every night etc. what is reason of it?

    finally, any progress on plans of new projects which you had spelled out few months back? do you hope to get good response at your new project?
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  • Originally Posted by puser
    jitu sir,

    how long did it take for a person on an average to get possession at samrajya since booking?

    when was the first booking done and first possession handed over?

    what was initial rate and what is it now?

    Dear puser,
    The first booking was done on 4th April 2008 who took the possession on 16th May 2010 (First possession was given on 31st Dec 2009). Opening rate was 5200 psft which was later on reduced to 4800 and then 4500 due to global recession. Now the rate is 6500 for 2BHK & 7000 for 3BHK.
    Originally Posted by puser

    many projects these days, have started charging upfront 15% of amount at the time of booking, earlier it used to be 1 lakh or so, why this has changed? i view it in two perspectives -
    1. builder want expression of higher commitment from buyer?
    2. builder lack fund and so require this to meet his capital requirement


    Thats true. The second perspective seems to be more operational now.
    Originally Posted by puser

    is samrajya receiving water from pmc now?


    PMC water supply was there since we received first OC for L5 in 2007, last year we got OC for L6 so more add on connections, Recently got OC for L7, the work is in progress for additional connections. All buildings share one common Underground water tank.
    Originally Posted by puser

    samrajya advertisements look simple, honest and to the point unlike many elusive advertisements by other builders like live in the sky, enjoy party every night etc. what is reason of it?

    Thanks for your appreciation. Ads should serve the purpose of providing information, while avoid unnecessary presentation. Its always better to keep it simple.
    Originally Posted by puser
    finally, any progress on plans of new projects which you had spelled out few months back? do you hope to get good response at your new project?

    Unfortunately till date nothing is in pipeline. Still insearch of a proper plot. May be after this offer we could be in a better situation to go in the market :)
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  • Originally Posted by Jitu_Sir
    Dear puser,
    The first booking was done on 4th April 2008 who took the possession on 16th May 2010 (First possession was given on 31st Dec 2009). Opening rate was 5200 psft which was later on reduced to 4800 and then 4500 due to global recession. Now the rate is 6500 for 2BHK & 7000 for 3BHK.

    Thats true. The second perspective seems to be more operational now.

    PMC water supply was there since we received first OC for L5 in 2007, last year we got OC for L6 so more add on connections, Recently got OC for L7, the work is in progress for additional connections. All buildings share one common Underground water tank.

    Thanks for your appreciation. Ads should serve the purpose of providing information, while avoid unnecessary presentation. Its always better to keep it simple.

    Unfortunately till date nothing is in pipeline. Still insearch of a proper plot. May be after this offer we could be in a better situation to go in the market :)


    Jitu_Sir,

    With the new DP plan coming in, do we also have a ring road plan? In all cities I have seen - ring roads make a huge difference to the way the city is developed. In Pune, the Highway itself has become a ring road ?
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