Hi All,

The primary reason for this new thread is discussing the advantages of forming a personal close knit group, as it gives a better bargaining power when negotiating with a builder. My family (my brother and I) and some close family friends have formed a group. We are already five (so would need at least 5 flats from a builder) and we all know each other for years now, all are serious in buying a property and moreover, can move quickly to finalise the deal if we like some property. Knowing each other also means we can discuss our strategy, compare notes and eventually talk to the builder directly to get a good group deal. We have also already zeroed down on 2 properties at Ulwe.

BTW, some weeks back I tried joining some internet sites. These sites form groups for a particular property and then approach the builders for a better rate. After joining some of these sites and interacting with people managing these sites, my primary concerns are three fold (i) these sites approach the builder on your behalf and if the deal goes through, these sites get their commission for the deal only from the builder (ii) so the discount these sites claim to get for you from the builder may not be all that huge. (iii) difficult to get in touch directly with the other members of the group and one can only communicate primarily with the owners of these internet sites.
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