Monday, August 29, 2011

An Agreement to be a Slave of a Builder

Die for a Politician & Live for a Builder:


I am Anna
I am Anna!

Anna Hazare's movement for the Jan Lokpal Bill has proved that we can do more than what we are supposed to do - die. Die for a motherland and let the men in power live a long life.

For the first time, we found a leader, Anna Hazare, who was ready to die for us. So, that we can have a 'say' and live a respectable life.

What politicians had to accept, for sure, builders can't refuse. Like politicians, the builders have to accept that we, the property buyers, are the masters.

Now, builders have to stop exploitative abuse. Builders can't go on exploiting us, anymore. Builders can't take disadvantage of their collective dominant position as the only source of housing to abuse property buyers.

Now, we have realized that we can do more than just be a victim & react. Become a victim of recession - job uncertainty - home loan interest rates and react by not booking property. Like we did in 2008 World Financial Crisis.

Anna Hazare's movement has empowered us to be assertive, become proactive (Hinjewadi First!) and change the rules set by the builders.

Like Anna Hazare's movement against corruption, for sure, we have to take effective and collective stand.

We have to stop booking and start buying ready possession flats, certainly, with an occupation certificate from PMC / PCMC. Because, "booking a flat at the pre-launch / launch and under construction stage" is the root of the problem.

By signing an agreement of property, we give power to the builder to dominate, abuse and exploit us.

By signing an agreement of property, we become a slave of the builder and the bank.

We are left with no choice but to borrow from banks at heavy interest rates and fund the builders without any interest.

We are forced to pay rent to our landlord, as well as, pre-EMI (pure interest) to the bank and left with no option but to beg for the possession of our flat.

We are compelled to take illegal possession of our flats & live in incomplete projects.

What we get for offering interest free funds to the builder whom bank is not ready to finance?

We are just left with enough to survive for a month and see that for the next 20 years we live, earn, work only for the builder and his bank!

Real Estate Regulation Bill:


Like Lokpal Bill, Real Estate Regulation Bill is also lying with the Parliament. Not for 64 years but from 2007. Parliament was supposed to pass it in this monsoon session! Obviously, Real Estate Regulation Bill is as lame as the government's Lokpal Bill!! Because, as much as politicians, builders also believe that they are 'supreme' and are born to 'rule' the property buyers.

Anyways, Real Estate Regulation Bill is not a solution to a problem. The Bill is not interested in eradication of slavery. The Bill is not against the root of the problem - booking a flat. The Bill only tells the builders how they should treat the slaves, the property buyers.

So, point is, we don't want a better treatment. We want freedom. Freedom from the slavery. Which we can get only if we stop booking and start buying ready possession flats. Amen!

Related Stories:


1) THURSDAY, AUGUST 25, 2011

"I refuse to pay "legal charges" for the registration of my property agreement"

2) WEDNESDAY, AUGUST 24, 2011

An Agreement of Your Flat -
It's not a "Sale Agreement", Baby!

3) FRIDAY, AUGUST 19, 2011

Why do we borrow at high interest rates and offer interest free funds to builders?

4) THURSDAY, AUGUST 18, 2011

Pune builders recover the cost of construction and get ready to increase the property prices!

5) WEDNESDAY, AUGUST 17, 2011

Buy a ready possession flat until there is no real estate regulator!

6) MONDAY, JUNE 13, 2011

Is Pune real estate market about to crash?

7) TUESDAY, JUNE 21, 2011

Property Rates in Pune Real Estate Market Going Down?

8) TUESDAY, JULY 26, 2011

Flat 40 % Off!

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 3 minutes!) Call +919860044110

If you like to chat, join me, RaviKarandeekarsBlogs on Google Talk.

Yes, my email id is RaviKarandeekarsBlogs@gmail.com Feel free to write. I reply as soon as i can.

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Wednesday, August 24, 2011

An Agreement of Your Flat -
It's not a "Sale Agreement", Baby!

An agreement of your flat is a 'sugar teat'...keep on sucking till you get possession, baby!


NATUR-Kautschuk-Schnuller GOLDI(http://goo.gl/PBcVt)


Help! Wanted SuperNanny!!:


On the day "Competition Commission of India (CCI)" fined DLF Rs. 630 crore, everybody realized that the property agreements are one-sided - completely in the favor of builders. With these agreements - builders brutally disregard consumer rights and indulge in 'unfair' trade practices!

In it's editorial The Economic Times cried- "To end an unequal relationship between the property buyers and builders - Indian real estate needs a regulator". A Super-Nanny - to take care of the innocent babies!

Innocent babies who have bought the builders' day dreams. Innocent babies who had ignored the disclaimer printed on the brochure and had payed for the fairy tale as if it's a legal offering.

"Agreement to Sell" & "Agreement to Sale"


We all know that 'booking a flat' is just a fantasy. Popularized by the banks and builders to earn huge profits. Property agreement is presented as if - "the goods" are transferred from the seller to the buyer. As if - a builder hand overs a 2 BHK Flat to a home buyer for a price!

Except the property buyer who has booked a flat, we all know that reality is - the property is not yet ready. In the next 30 months a builder is going to construct it. Obviously, the agreement between a builder and a property buyer is not "Sale Agreement". It is not absolute.

In the simple terms - a property agreement is just a pure and simple contract between a builder and a property buyer. By signing the contract - the property buyer only establishes his claim and a builder agrees. It means that it is "Agreement to Sell." Actual sale - exchange of goods against a full and final payment will take place when the flat is ready.

Till that happens the seller - the builder - remains the owner of the property. Obviously, the builder tries his best to protect himself against all odds he has to face in the long construction period and sets favorable terms in "Agreement to Sell".

Fantasy & Reality:


Developers in Maharashtra, one of the biggest realty markets in India, said since agreements are drafted as in the Maharashtra Ownership of Flats Act, there is very little scope of exploitating buyers.

“Basically, there is a standard agreement described by the Act. Therefore, there cannot be violation which can come under the purview of CCI. It is mandatory to follow the Act,” said Lalit Kumar Jain, national president, Confederation of Real Estate Developers Association of India.


Fact of the matter is, this "Agreement to Sell" is useful only to a builder and a bank. For a builder - agreement is a source of money. For a bank, a agreement is an excuse to fund a builder against the security of a property buyer.

Obviously, banks which lend funds & builders who receive funds, both have no issues about an agreement. Only, a property buyer who makes 2 commitments with this agreement - 1) to fund the builder and 2) to repay to a bank - has some issues. And issue is not about his role. Why don't banks fund builders directly? Why the financial transaction between a bank and a builder happens through a property buyer? Because banks don't trust builders! A property buyer is held as a ransom, offered as a security!!

Point is property agreement is useful only for builders and banks. Obviously, nobody wants to stop the practice of using property as fuel. Nobody says - property buyers, grow up! Give up dummy and enjoy real!! Stop booking and start buying a ready possession flat!!

Related Stories:


1) FRIDAY, AUGUST 19, 2011

Why do we borrow at high interest rates and offer interest free funds to builders?

2) THURSDAY, AUGUST 18, 2011

Pune builders recover the cost of construction and get ready to increase the property prices!

3) WEDNESDAY, AUGUST 17, 2011

Buy a ready possession flat until there is no real estate regulator!

4) MONDAY, JUNE 13, 2011

Is Pune real estate market about to crash?

5) TUESDAY, JUNE 21, 2011

Property Rates in Pune Real Estate Market Going Down?

6) TUESDAY, JULY 26, 2011

Flat 40 % Off!

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 3 minutes!) Call +919860044110

If you like to chat, join me, RaviKarandeekarsBlogs on Google Talk.

Yes, my email id is RaviKarandeekarsBlogs@gmail.com Feel free to write. I reply as soon as i can.

Join me on Google Buzz at
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To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Investment Blog

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Saturday, August 20, 2011

Central Railway to lay sub-urban rail links to Daund, Mulshi and Lonavala?

Let us hope that Pune will get assistance from Central Government for the development of infrastructure facilities related to solid waste management, water supply and sewerage in satellite towns like Talegaon Dhamdhere, Chakan, Daund, Yavat, Pirangut - Paud!
As a solution to the growing population and dwindling infrastructure in the city, the state government has decided to implement the Mumbai model in Pune, where people travel to the city to work and return home to satellite nodes and townships.

According to the state’s initial observations, Pune’s growing population could be accommodated on the outskirts of the city. Once the connectivity is established, people would happily settle down on the outskirts.

Pune already has the comprehensive mobility plan in place, in which various mass transport modes are suggested. The state government has also written to the Central Railway for laying sub-urban rail links to Daund, Mulshi and Lonavala. Read More

Related Stories:


1) TUESDAY, JULY 19, 2011

Visit to Mont Vert Vesta at Urawade Pune 412 108!

2) WEDNESDAY, JUNE 8, 2011

Chalo Pirangut!

3) TUESDAY, MAY 24, 2011

"Anandgram" - new investment destination in Pune real estate market!

4) MONDAY, APRIL 25, 2011

Want to Invest 4 to 8 Lakhs in Real Estate?

5) TUESDAY, FEBRUARY 1, 2011

Want to invest 10 to 15 lakhs in real estate?

6) MONDAY, DECEMBER 21, 2009

Land allotted for Mhada-City at Khorwadi, Daund

7) SUNDAY, SEPTEMBER 7, 2008

Daund has the potential to become 'Karjat' of Pune..

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 3 minutes!) Call +919860044110

If you like to chat, join me, RaviKarandeekarsBlogs on Google Talk.

Yes, my email id is RaviKarandeekarsBlogs@gmail.com Feel free to write. I reply as soon as i can.

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Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Investment Blog

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Friday, August 19, 2011

Why do we borrow at high interest rates and offer interest free funds to builders?

Itna Kyun Sote Hai Hum?




Why do we book a flat in a pre-launch / launch offer and suffer?

Why do we buy a builder's day dream and suffer?

Why do we hope but don't demand?

Why do we borrow at high interest rates and offer interest free funds to builders?

Why do we sign an agreement which is not in our favor and risk our life?

Why do we buy a property which is not ready for possession?

Why do we buy a home which doesn't have a proper approach road?

Why do we keep on paying heavy property taxes when we don't get enough water and power?

Why do we dream but don't act?


Related Stories:


1) THURSDAY, AUGUST 18, 2011

Pune builders recover the cost of construction and get ready to increase the property prices!

2) WEDNESDAY, AUGUST 17, 2011

Buy a ready possession flat until there is no real estate regulator!

3) MONDAY, JUNE 13, 2011

Is Pune real estate market about to crash?

4) TUESDAY, JUNE 21, 2011

Property Rates in Pune Real Estate Market Going Down?

5) TUESDAY, JULY 26, 2011

Flat 40 % Off!

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 3 minutes!) Call +919860044110

If you like to chat, join me, RaviKarandeekarsBlogs on Google Talk.

Yes, my email id is RaviKarandeekarsBlogs@gmail.com Feel free to write. I reply as soon as i can.

Join me on Google Buzz at
http://www.google.com/profiles/ravi.karandeekar


Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Investment Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group

Thursday, August 18, 2011

Pune builders recover the cost of construction and get ready to increase the property prices!

Pune property buyers help builders to increase the rates!


Visit to CREDAI PUNE PROFEST 2011 - Entrance of Pune property exhibition
A trap for collecting interest free funds from the property buyers in Pune

From the last recession in Pune real estate market, Pune builders learned the most important lesson. 'Positive sentiments' are more important than the facts. If the sentiments are positive, property buyers ignore facts and give their hard earned money to the builders.

So, in the current real estate slow down, builders in Pune decided to invest in creating 'positive sentiments' and started a strategic campaign of publishing 'positive news about Pune real estate market' in leading local Marathi & English newspapers.

Pune builders are sure that these positive news about Pune real estate market will increase the effectiveness of a launch ad. A property buyer with a positive sentiment will be a better bet than a property buyer with a 'confused' mind.

The goal of 'positive news about Pune real estate market' is not different from a launch ad of a project. Collect booking amount and 20% own contribution from the property buyer. Collect interest free funds without giving any commitment to the property buyers. Mostly, for the project which hasn't received all necessary sanctions and approvals.

1) The 'positive news about Pune real estate market' is supposed to create a positive mindset about booking a flat.

2) The 'positive news about Pune real estate market' is supposed to create fear in the property buyer's mind and compel him to give his hard earned money as a booking amount and own contribution.

3) The 'positive news about Pune real estate market' is supposed to motivate the property buyer to ignore rising home loan interest rates.

4) The 'positive news about Pune real estate market' is supposed to give him fake satisfaction of settling down in his own home when actually he is risking his life to economic & political uncertainties.

Realty prices may go up in Pune:


A news published in today's Times of India is just an example of 'a positive news about Pune real estate market' campaign started by Pune builders. The goal of the news is to motivate the property buyers who are sitting on the fence. Waiting for the expected property price reduction because of the higher home loan interest rates and uncertain economy.

The news refers to the popular 'demand and supply' principal and claims that the gap is because of the overwhelming 'booking'. When all of us know that the gap is because of the famous Pune real estate locha! Because of the N. A. Order or Environment Clearance issues!! Not because of the demand!!!

To create fear in Pune property buyers mind, the positive news about Pune real estate market announces that the property rates may go up but, for sure, will not come down. Why? Because, the builders have already recovered the cost of construction. So, now, remember that, like the last time, Pune builders are not desperate to reduce the property price of the on going projects.

Who empowered the Pune builders? Who gave 'holding power' to Pune Builders? In spite of slow booking, why property prices in Pune will not come down? The 'positive news about Pune real estate market' answers -
"Thanks to all of you, Pune property buyers, who booked at the launch stage! Now, forget about property price reduction! You have given us, Pune builders, a power to increase the property rates!!"


Related Stories:


1) WEDNESDAY, AUGUST 17, 2011

Buy a ready possession flat until there is no real estate regulator!

2) MONDAY, JUNE 13, 2011

Is Pune real estate market about to crash?

3) TUESDAY, JUNE 21, 2011

Property Rates in Pune Real Estate Market Going Down?

4) TUESDAY, JULY 26, 2011

Flat 40 % Off!

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 3 minutes!) Call +919860044110

If you like to chat, join me, RaviKarandeekarsBlogs on Google Talk.

Yes, my email id is RaviKarandeekarsBlogs@gmail.com Feel free to write. I reply as soon as i can.

Join me on Google Buzz at
http://www.google.com/profiles/ravi.karandeekar


Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Investment Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group

Wednesday, August 17, 2011

Buy a ready possession flat until there is no real estate regulator!

Don't become a victim of unscrupulous builders:


Launching Today!
Be a victim today!

Indian citizens are fighting for Jan Lokpal to eradicate corruption. And for years, Indian property buyers are demanding a real estate regulator to prevent unfair trade practices. But nothing is happening on these fronts. Because, 'a real estate regulator' is as bad as 'Jan Lokpal' for the politicians!

However, you can refuse to become a victim of a unscrupulous builder. By just not booking a flat in a pre-launch or a launch offer. Safest way to invest in a real estate is to buy a ready possession flat.

If you look at the observations of The Competition Commission of India (CCI), you will realize that most of the pre-launch and launch offers are nothing but a drive to take a property buyer on a long ride. See what CCI says:

1) Realtors issue advertisements for launching projects without the land in question being actually purchased or registered and without taking prior approval of competent authorities.

2) They (Builders) also do not specify the total area of the plot / flat / house indicating clearly the carpet area and utility area, nor the date of delivery and consequential remedies available to the consumer in case of delay.

3) The amount collected from the allottees against a particular project is not deposited in a designated escrow account and utilised only for the construction of the concerned building.

4) The information relating to the progress of works and status of account of each allottee is not made available to buyers in a transparent manner.

5) Realtors build in hidden costs, other than the initial set price and do not make relevant information public.

6) There are often no valid reasons for the inordinate delay in execution of the projects.

Point is, a builder can play these dirty tricks on you because you book a flat at a pre-launch, launch stage. So, stop booking and start buying a ready possession property.

Related Stories:


1) MONDAY, JUNE 13, 2011

Is Pune real estate market about to crash?

2) TUESDAY, JUNE 21, 2011

Property Rates in Pune Real Estate Market Going Down?

3) TUESDAY, JULY 26, 2011

Flat 40 % Off!

Feel free to call me:


I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 3 minutes!) Call +919860044110

If you like to chat, join me, RaviKarandeekarsBlogs on Google Talk.

Yes, my email id is RaviKarandeekarsBlogs@gmail.com Feel free to write. I reply as soon as i can.

Join me on Google Buzz at
http://www.google.com/profiles/ravi.karandeekar


Subscribe for Free!


To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Investment Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group