Saturday, March 28, 2020

Learning Discipline, India's Way!







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“Easiest way to learn Discipline is by following blindly what your parents & teachers tells you when you are young; hardest way is adopting it when there is no option left but being disciplined”...Vince Lombard.

Vince is one of the best coach in sports history of USA & a die hard belliever of discipline! It’s day 6th of nationwide lockdown & I woke up in early morn  (I usually do) with announcement on speaker from a police car, warning morning walkers/ joggers to return back to their homes or else face legal action, that is weirdest morning start I have ever woke up with! Had it been any other times, I would have laughed but this is not time to laugh as though we all keep sharing hundreds of pranks/memes/ cartoons on the present covid war yet deep somewhere hidden the fear does leaves its taste on our tongues for sure & even if we deny its presence, it’s right there & I am not ashamed of my fear rather accepting its existence makes me better placed to overcome it & go on! Well, as I looked down & could see many people of all genders walking in their exercise gear on wide footpath of 100 ft wide riverside road on which I live & few were even doing stretching exercise also. Then the realization sunk in, man, its lockdown in the country & we are supposed to be inside our homes protecting ourselves from spread of some virus & here people are on streets just like normal day; this is not innocence or bravery, this is total foolish ignorance!

But then what can be expected from the lot which respond to the appeal of our Hon. PM  for chanting at 5pm on curfew day to show our support to medical personalities’ by running processions !! We are ignorant foolish lot has been proved on thousands of occasions, may it be jumping red signals or not wearing helmet while riding a two wheeler or feeling insulted using seat belts while we drive a posh SUV at 100km/ hr or even making a queue on our own to buy grocery & ending up in a stampede, thousands of examples we not just see but become part of our ignorantly foolish attitude towards life every day here in this country & we take pride in it under the name of democracy, what else police should expect but to shoo away learned white collared citizens from the streets by threatening them of legal  action, when these citizens very well knows that they should have been locked down in their homes than exercising in public place!!

And then it’s not these learned citizens but the system which we call govt is hundred percent responsible for allowing this "chalata hai" attitude not just survive but grow strong in the minds of we the Indians. Our goddess of justice is shown blind & that’s for making common man assure that every person is same in front of law but the law makers & its executioners are conveniently blind, is the root cause of our this attitude!! A small example is  red signal jumping, many a times a traffic cop turns blind eyeat it but caught the same rider  when its helmet wearing drive. People carelessly enter in No Entry roads & gets away 90 out of 100 times without getting caught & when they get caught we know what happens next! 

We spit everywhere except in our home, we throw garbage in rivers, on roads at our will, we respond to our nature call on road just by turning our back to the world thinking nobody looks at us (well, we lack public toilets is equally the reason) & we are worst when it comes to follow hygiene in public, visit any public toilet or park or heritage monuments & check by yourself if you don’t agree with me! Lastly in every town, city or metro huge processions chocks the already narrow streets on smallest of occasions (birthday of some local galli Bhai) & with loudest of music blasting from speakers' walls & behold its ban by Hon Supreme Court of this country & yet in every town, city & metro the law executioners’ turns blind eye & deaf ear to these processions under name of its public demand, what we can do! Lastly, we have norms & rules for building homes which makes a society but all around the country thousands of men build structures named home at their will without any permission & millions of more men buys it & lives in them & the very same govt appeals to Hon Court to make this legality legal under the tag of public need & we expect law abiding attitude in citizens, whom we are fooling guys? Here whatever you do all gets covered up in one sentence, “Chalata hai, bhaiyaa”!

When one person that too with no power of money or some post or even muscle power breaks any law the that’s an offense & every system which is arm of the govt is ready to frame that person which we call a common man but when one person with little bit of power in above mentioned form breaks any law then rarely we see he or she getting framed! And then when thousands of people breaks law, behave undisciplined even they are common men, yet the law doesn’t dare to punish them for their offense considering it as public demand, then with such society when a disaster hits & we need to follow discipline & lockdown ourselves inside our homes, tell me how we are going to expect it to happen!

Yet it’s a miracle that streets are with so less traffic & many people still prefer to remain within the homes because this country itself is a miracle. Decades back in "Amar, Akbar, Atnthony" named movie, Bachhan looks at some villain who has shown running with stolen gold & comments, “Aisa aadmi life me doich baar bhagta hai, Olympic ka race ho ya to police ka case ho” means a man runs so fast in only two times, either he is participating in Olympic race or police is behind him! This is India; we never had coach like Vince Lombard though we have far better parents & teachers than any country ever has but we preferred to learn discipline only by hardest way, so be it; “tab tak chala lo jitana chalata hai bhayya, apnahi Desh hai”!
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Sanjay Deshpande 
Sanjeevani Dev.

Please view my sharing about real estate in Pune at U-Tube link below..



Please do visit my blogs to know about our philosophy at Sanjeevani !
 (Click the links below)


http://jivnachadrushtikon.blogspot.in/

Social Side of Sanjeevani ! (Click link below)

http://www.flickr.com/photos/65629150@N06/sets/72157627904681345/

For any of your complaints about city, log in at link below

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Take your issues to Hon PM at link below..
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Friday, March 27, 2020

Desperate Times, Desperate Measures!!








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"Desperate Times, Desperate Measures"... Ethan Hunt.

Well, no need to tell many who is this guy & where this quote is from, yet there always are a few innocent souls, for them this is from a lead character in Hollywood Movie series Mission Impossible!

Our dearest Hon. PM is expert in taking shocking (can’t dare to write desperate) decisions & no wonder, in this covid fight shocking decisions are bound to be taken, as never the entire country has witnessed a total lock-down (no news paper, can’t remember when its last happened), rather most population (even police) also were & is clueless about what it is exactly means & how its executed!! Sometimes, 130 crore is a cursed figure, especially when locking all of them inside their homes & then we are never famous for law or say civic law abiding people exception of mumbaikars who knows discipline is the only way to life. And then it’s Bombay only which has seen most lockdowns i.e. curfews may it be communal riots or bomb blasts or terror attacks but this one is different from all of our previous attacks actually!

Giving full respect to  govt's approach towards fighting this attack yet few questions have remained ignored & people are whispering now, but soon it will be a loud shout & that is what about financial losses with all this lockdown thing?? Indeed this is a war & there will be damage & wounds & suffering & pain it brings along & we are ready for it but a war is said to be won only if we survive to enjoy the fruits of the victory! Already most industries were bleeding with the downfall of economy before this war started & few days closure is ok but nearly a month of total shut down, well , not many businesses or industries will be in position to open up again for sure if some package is not offered to them & soon!! 

Hon. PM Sir, not just the industries like hotels, tourism, entertainment but even auto industry & real estate looks at you with hope & the way military takes care of its every jawan, its duty of the govt to take care of every citizen who is like a jawan in this war, not for just our country but entire humanity! People are afraid not just because of loss of life due to some virus but due to uncertainty about future & mainly financial issues!  In this country it’s not just about labours who has to work to earn their daily meal but millions depends up on various services or petty works or say businesses for meeting daily needs. Right from tea stalls which are spread over entire country to paan shops to the guy selling khari biscuits carrying that metal trunk on his head & going to every galli & nukkad to Ola , Uber drivers who has taken loan to start their own earning the list is endless. And there are millions of white collared educated entrepreneurs who aspire to become Amabani or Adani or Azim Premji or Narayan Murthi someday! These people have invested their life time in their individual businesses or professions & closing down for a month is big very big deal for them as just like the watch ticking, the  bank interest doesn’t stops ever is they know! As well even we wave the interest (a hope) or give time limit extension yet what about the damage on revenues which has been hit already & collapse of entire projections of sales ahead? And then the fear is about loss of jobs, as for a normal middle class Indian man (or a woman) more than the life the worst fear is of losing his job as entire life of an individual along with family is tied with his job. And all are that smart now to understand that if there will be impact on revenue projections then it’s bound to affect the jobs at large in every segment!! As lock down will get over in some days but fear in the minds of masses won’t melt so soon & that’s going to affect every segment of business which is understandable!

Best part is people like Bajaj & Tatas’ have been responded immediately assuring no employment cuts but then first these are established big business houses for decades with fat reserves is one thing as not many mid segment entrepreneurs were & are barely managing to reach breakeven & second is not all the times what few of our so called big businessmen speaks 9read as twits), have acted as per their twits; many will understand my reference! Yet definitely it’s a welcome note from senior business fraternity but again it will make employees of small & mid scale business or industries will feel insecure as what about our future if big business houses are announcing in such way means there will be drop in revenues is sure prediction by these biggies! And as I mentioned earlier when we say middle class it’s not just employed people at mid-level but entire spectrum of the society of which income is mostly fix either in the form of salary or the turn-over of their business which is a tight-fit type. Means a small home-kitchen running lady on her own, her capacity to make tiffins is fixed & so are her monthly earnings, even a slightest drop in that can hamper her income but the expenses won’t reduce as well she can’t increase turn over as its home kitchen! One classy example is in my home as I have few of my apartments rented to one big company which operates in rental accommodation for working singles. On fourth day of lock down the in charge operations of that company called me about his concerns for very less occupation & revision of the rent for March & April! Well, I am not dependent of that income (read as totally dependent) so I said; ok we will work out some mid way but what if some retired family’s only earning is rent of the property? There are millions of such families which come under category of Middle Class & whose needs are more than just a meal per day. With keeping full respect for labour class (read as real poor), fact is, in India being a work-man class is sometimes better, as all you have to think is about the today; it’s the middle class who lives every today worrying for tomorrow & day after, & for them, this war won’t be over with just conquering some virus but will be on long way after that! I am not painting some dark picture but we can’t ignore the facts if we want to win any war till final end!

 As govt may give meal to every person in this country by announcing some package but what about EMI's of my bike & home instalments? What about school fees of my kids, what about medical expenses of my parents,  what about my monthly grocery bills; when its expenses, list goes on like Hanumanaji's Punch in this country & we all look at you only as Sankatmochan, just mind it PM ji! This is where Hon PM Sir, your team must announce (read as early as possible) something keeping in mind the uncertainty,  mainly in the minds of white collared middle class which usually gets neglected always, is the history of this country! Indeed people will have to curtail every that spending which is not essential & that also is going to matter a lot for the economy for sure. Please take care of us, as we stand with you in this Covid named Lanka Dahan as your Sena, shoulder to shoulder!!

--
Sanjay Deshpande 
Sanjeevani Dev.

Please view my sharing about real estate in Pune at U-Tube link below..



Please do visit my blogs to know about our philosophy at Sanjeevani !
 (Click the links below)


http://jivnachadrushtikon.blogspot.in/

Social Side of Sanjeevani ! (Click link below)

http://www.flickr.com/photos/65629150@N06/sets/72157627904681345/

For any of your complaints about city, log in at link below

www.punecorporation.org
Take your issues to Hon PM at link below..
Think Green, Think Life

Monday, March 23, 2020

Being Brave!






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“Braveness is not absence of fear, it’s overcoming the fear within”...

I myself have thought the quote & wrote so didn’t bother to write the name of the author & I think that’s also outcome of the fear only, finding the philosopher within, lol! For the first time I have touched my fears so closely & I am sure many of us has felt it same way as for the first time we are clueless about the cure for the fear & it’s not for some virus but it’s like they show in classic horror movies, it’s for unknown things which is hidden behind some close door of a rundown place! I am not frightening or sharing this for increasing negativity or fear, I am writing this for myself to meet my fears as that’s the best way you can overcome your fear, is what I have read & understood!

Well, by now you must have understood & even irritated as one more corona forward but do read as of-late I have stopped reading news papers or whatsap forwards or watching FB/Insta posts about corona, not because I am some super human but everything has limit! Interestingly my younger son changed his DP to this one which says, “You never know how string you are unless being strong is the only choice you have”! Interesting, that’s the way this genre can think (well, using DP means I think they know) of adversities & face it; we the grown-ups have a lot to learn from them actually. On face the young genre so called millennium kids i.e. born in internet era looks careless, irresponsible even irritating many a times but the every genre has that tag stuck by the earlier ones! But last three days when we all are stuck at home, it’s this genre which is taking the locked up scene with more ease than me is what irritated me at first but then I started trying to understand why they are so kool about all the hustle around! And main issue is we mix being careful with worry & recklessness with courage! At the same time we just have not learnt to sit idle & always take it as waste of time, in fact all our actions, opinions, calculations are based on one thing & that is wastage. We get irritated when money is wasted in some shopping, we get irritated when food is wasted in some restaurant, we get irritated at traffic signal for fuel is wasted, no wonder we get irritated when sitting at home (forcefully) we are most irrigated that our time is being wasted! And then we are bought up with one single philosophy i.e. wastage is bad & time is money, so wasting time is double irritation for most of us which are both sides of fifties’ by age!

Well sometimes taking a break is not called as wastage & it’s not the time is what gets wasted it’s the way we use that time is what defines it a waste! (Again, my own philosophy only!). I started writing everyday something for my own as “Corona Diaries”, but then decided against it & tagged it as just “Being Brave” as I tried to write down something every day which will make me know my fears better & not feel guilty or irritated for being locked at home, here it is...you are free not to read it & delete it without readingJ.. sanjay



Thank you Corona!!

Bad things sometimes get best out of us...

Indeed we all (me too) are scared from within due to this corona virus & keeping all respect to those who are actually suffering by its menace & those who have lost their close ones to it yet covid has made us realize many things about we the humans going beyond our self created walls of nationality, colour, caste, gender, religion & yes status!

It made us realize we are humans first & then everything & first time it’s like entire world is at war but the enemy is not some human yet it’s common for all! It made us realize coming together is the best way to solve any problem & we actually can come together forgetting our self created boundaries! 

It made us realize however progress we may have made in science yet we don’t have fast solutions to every problem nature puts in front of us! It made us realize when a disaster hits us then we can be actually civic & instead blaming each others for the disaster, jointly we can face the disaster!! It made us realize (hopefully) that best way to live at peace is being healthy as corona don’t spare u because you are  rich man or u are head of some country! 

It made us realize that its helping each other & not hating,  is what makes us a human & live & let live is the way which only will sustain & its applicable for every specie! It should make us know our duty towards survival of other species also for which we the humans are Corona!

Finally with the success stories of winning over corona, it has made us realize that we can come together, actually & win over even strongest of the enemy!!

Thank you Corona, u once again made us Humans... frds, be that way & fight this war vs. Corona together & let’s not forget the lesson once we have won the war..!!

Frds, 

These are tough times for most of us on business, home & even social front & we all looks at each other’s for moral boosting as most of us are scared for business or health from the impact  by the unknown fear named Corona!! Don’t wait, take lead & be the leader to boost morale of yourself & others...I try to do... so sharing something with you...

No’s
At such time, try avoid reading negative news headlines or violence types programs on TV, delete any forward which may scare u than aware u as well don’t pass on such forwards neither discuss much about losses business are making & how all this has  made impact on our work or industry as well health! Speak how good u can do than how bad things are! Don’t start running around like sky have fallen with slightest of cough or sinus, just to your doc with calm mind, don’t ignore it though.

The Do's are...

Use the free time at hand ...Read inspiring stories from books or novels.
Watch light or good message carrying movies of Disney / DreamWorks on your TV or Netflix or Hot star...Toy story, Ice age, Madagascar, Coco, Clause, Marvel End Game r few names of such movies, which will keep your mind believe in goodness & strength of togetherness & bonding.
Watch Nat Geo or Animal Planet where survival in adversities is the key in nature.

Indulge sometime at home in any hobby, reading, writing, painting anything you feel as that’s best way to improve u as a person!

Most importantly do take care by using sanitizers & hygiene but start exercising if u are not doing & don’t miss rather increase the workout  intensity if u r exercising already. A long walk in open air or running depending up on your age is best way along with stretching at home. As exercising not only makes u fit by body & immunity it helps in best way to make your mind positive, which is need of not these times but all times!..

Don’t just read but make in practice & share with your family & frds... *sanjay deshpande & team Sanjeevani*

It's not about Corona!


Each morning now days we woke up & if there is been slightest of giddiness or sour throat or choked nose or mild headache then no more we just ignore & starts the day with the note, oh, ok one more day! Around us if someone sneezes we now don’t laugh & say  "u are excused"  or if someone is having cough we don’t pat his back & offer water but moves away from him, is someone says he is feeling feverish we silently decides to keep distance from him instead caring for him! On road while walking on footpath we avoid to look at even known faces & at grocery shops looking at  small crowd gathered at counter we curse ourselves as well the crowd  for nothing. We avoid going to doctor fearing what the patients can be carrying in waiting room. We have cancelled already made travel plans & postponed new ones. And lastly now we hate unexpected visitors pushing our door bail especially those who has recently travelled from abroad!

This is about not about corona but life we are living individually & this makes me hate myself more than the corona virus as somewhere under the name of being cautious we are becoming unhappy & suspicious of everything around!! This is what selfish fear of unknown can do to strongest of the minds & real fight is not with corona but with sanity in our own self!

This doesn’t mean, be careless & move around as nothing has happened, this means, don’t lose living by carrying fear of something which can be faced with balance mind!!

This situation in a way is a boon as most of us who considers themselves successful by the position, status, knowledge we have gained, has forgotten to face the fear of a thing which we don’t understand or cant bought or beaten just with our success! 

This is not just test of some viral infection but its test of what we are within!!! As corona can be beaten by only one thing & that is facing it with balanced happy mind & togetherness but then so can be every adversity!!

It's Not End of the World yet!

Well, my genre which is in 50's is really lucky as we have taken vaccines of cholera, devi, polio & what not in the school days as well we  have seen the panic of Skylab falling on our head & people coming out of house & remain awake for whole night looking at sky. And those were days without even TV & here we  are in a era where one get to know what’s happening in  remotest  parts of the world like Arctic or Forests of Amazon  that to live action!

What have we gained or say learnt by this power of information is what I ask myself, every day! We have gained lots of information indeed which we think is knowledge but we have lost the power of analysis or say we have given up logic, to the flow of this information which hits us 24x7 by a giant power source , more powerful than even the sun i.e. that’s media. And wave after wave this information keep crashing on our mind named barrier via TV, mobile & its apps like insta, whatsap, news papers, internet on our pc & laptops by twitter or fb & our mind just can’t stand against it  because we have long forgotten to train it or say strengthen it! 

Our views, our all talks whenever we meet in person to others, our arguments, even our rights or wrongs, everything is based on  this information named power & we just recite what’s been thrown at us! 

This is where our genre has become soft  target of media as not just about some virus but right from parenting  to choosing our leader, every decision of ours seems to be controlled by media indirectly making us just a prey unknowingly!!

High time we take back our mind to the days when we used to thing by ourself, we used to apply our brains not just to solve questions in exams but even to get the cricket ball back which has landed in the premise of a khadus neighbour without him knowing about it!! 

Frds, we have seen life from all dimensions & yet if we end up choosing easy way then we have no right to call ourselves grownups & be proud to have witnessed radio Ceylon to I Phone x ...use your mind before you believe on any information, analyze & act wisely, that’s the lesson which we only has to learn now, as "Its Not End of the World yet" 

Streets can be locked down, open up the minds!

Well one more morning comes with many more fearing news & locking down streets i.e. curfew nearly all over the country not just Pune is one. But how one can lock a mind which knows no boundaries especially when thinking on negativity, is the main question!!

Now the fight is not on streets with some corona virus & illness it brings to our body, the real fight is mental & it’s against virus named fear, anxiety as well negativity & they all reside right within our mind! Locking down the minds means giving them freedom actually, instead open up our minds, let the joy,  happiness  freed up to enter which are antidotes on fear ! Remember however warm sun light & breeze is outside but until u open-up your home's windows it can’t come inside your house!! Same is with the mind!

By the way, the first family of covid19 victim is free of it & the society in which they are residing is ready to welcome them, that’s opening up minds & letting the joy named sunlight enter in & melt the fear named darkness..!! 

--
Sanjay Deshpande 
Sanjeevani Dev.

Please view my sharing about real estate in Pune at U-Tube link below..



Please do visit my blogs to know about our philosophy at Sanjeevani !
 (Click the links below)


http://jivnachadrushtikon.blogspot.in/

Social Side of Sanjeevani ! (Click link below)

http://www.flickr.com/photos/65629150@N06/sets/72157627904681345/

For any of your complaints about city, log in at link below

www.punecorporation.org
Take your issues to Hon PM at link below..
Think Green, Think Life

Thursday, March 19, 2020

Stamp Duty Reduction; Band-Aid on the Wound!







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“When the truth hurts, create a better truth.”...Freequill.

Once again I am surrendered to this guy’s wisdom & this time it’s about real estate & though Freequill anonymous writer who prefers to remain faceless & whose most quotes are about nature & life yet they are applicable to most of the things around us, even when the subject is as boring as real estate & stamp duty! And by the time I started this sharing the news of reduction of stamp duty by 1 % (wow full 1 % !) has been forgotten by the dark clouds named Corona Effect surrounding the already darkened faces of most businessmen (read as Industries) around us. Needless to say real estate wasn’t going through a good patch in recent (read as last 4 years) yet like in Marathi there is phrase, “Budatyala kadicha aadhar” means, for a person who is drowning even a small piece of wood feels like a great help! Same way the 1% reduction of stamp duty news came as a silver lining to the darkness named recession. Actually I never feel this is recession to real estate but then that’s different topic, let’s focus on the impact of this stamp duty news on real estate in Pune.

Yes, Pune as in this Smart City we were paying the price of being Smart because in Pune the stamp duty is nearly 7% of the transaction plus registration charges! I never understand this registration charges thing as when you are already collecting stamp duty why you have to ask for registration charges separately on the deal, isn’t it over burden? It’s like making “tip” compulsory under the sweet tag of service charges in hotels which leaves sour taste in the mouth after a nice meal but any way that’s the way govt is! Well, now those lucky souls who doesn’t know what a stamp duty is (yes, there are many such) & even for those who knows what is stamp duty but doesn’t know its purpose of the way it’s been charged or calculation of it, I am not a expert but with twenty five & odd years in real estate you come to know about few things little  better than others & stamp duty is like a package deal with any deal in real estate, so I started knowing a bit about the same. On any immovable property deal (read as sale or purchase) govt charges certain amount in proportion of the value of the deal & this can be paid either by the buyer or the seller (mostly the buyer ends up paying it) & then only the deal is considered as complete i.e. registered in govt revenue records & the said immovable property can be transferred on the name of the buyer from the name of the seller! Simple, isn’t it but no, it’s not that simple as this proportionate (%) keeps changing according to the cities & Pune is highest in the State i.e. 7% of the deal value! Mean if you buy a flat worth Rs.1 crore then you have to pay stamp duty of Rs 7.0 lac on this deal plus Rs 35 k as registration charges! And then this stamp duty is directly related to the ready reckoner value of the said property also, means if as per the govt book’s (ready reckoner rates) the property cost is more than your deal the you have to pay stamp duty on the higher value even if you are buying it at lower value! And there is more for different types of deals, this happens in Joint Venture, the working of stamp duty can differ such as construction cost, market cost of the property etc & all this does affect on the finish product i.e. the home or say flat! As all these expenses are being loaded finally on the flat salable rate only!

So if you have understood the stamp duty concept then let me tell you stamp duty also contributes in major way in State Govt’s entire revenue, nearly 30% & so is a important aspect for the govt as through this revenue the govt can carry infrastructure as well welfare works for the citizens’ of the State. And that’s why when a govt reduces the stamp duty, even by mere 1% it is an important step as first the State is already short of funds & is debt ridden & second this means the govt seriously (hope so) understands real estate needs a booster & third the govt thinks for the end user of the real estate i.e. the home buyer. Because if the average price of a flat in Pune is considered as Rs 50 lac then strait way there is saving of Rs 50,000.00 for every average flat transaction for the buyer & indeed in present time it is big incentive! As at present the factual scene in real-estate is there are only genuine end users i.e. home buyers who are buying a home to live in it & they need to do that with the help of home loans for which registered document is a must which means stamp duty payment. And this end user of real estate is mostly salaried class & for them every single rupee counts as earning is fixed so is loan amount & so is budget to buy the home!

As well even for investors, here many will ask are there any investors left in real estate (rather with share market down by Corona effect, are there any investors left at all, is what I will ask to such people)? My answer is, there are investors in the real estate yet but they don’t know how & where & that’s the job of the builders & their teams (read as marketing) to make such investors enlighten about changed scene in real estate investment! And when I say enlighten about real estate I don’t mean by showing some rosy or false dreams but still real estate is one of the best investment  if done wisely (so is any investment of course) where your returns are sure, provided you know why you are buying the property & for how much time-span! Means is it just appreciation or rental or a make-shift arrangement for stay which later you will sale! Because in compare to any other commodity its real estate only which won’t lose its glitter just like the gold, when you will be selling it!
In all these cases still a saving of Rs 50 k (average for 2 bhk) in the form of saving in stamp duty is a bonus & as I said it’s a big step by State govt to boost up real estate sentiments. As in present times even the State govt is hard pressed of revenue generation & any reduction in its own revenue sure is a good sign that the govt understands need of supporting real estate & this doesn’t mean to support builders but the real needy home buyers!

Now after thanks-giving to the State govt about their stamp duty reduction yet few questions remains as with due respect this 1% reduction in stamp duty is like applying band-aid (adhesive medicine tape) when the wound needs to be operated with nearly hundreds of stitches to close it & heal permanently! As it’s not just stamp duty but the ready reckoner rates of the properties which have been worked on the basis of boom wave of real estate rates i.e. nearly four years back. And agreed last one or two years those rates have not been increased while the property rates have slumped back to four years in many places. So, high time to revise ready reckoner rates to the rational level i.e. in tune with market level. Because our “Mai Baap Sarkar” i.e. govt is expert in the game of giving a gift by one hand & taking the gift back by another hand! So if the ready reckoner rate increases which ideally must be reduced then this 1% reduction gift in stamp duty will be of no use! More than that, let’s rationally work out the entire taxation (burden) on real estate’s end product i.e. a home as agreed there will be two tyre system of tax by Central govt & State govt but in case of real estate there are many tyres. Right from the latest ESR Ses (Environment Social Responsibility) to local body’s (PMC/PCMC) & then within that road premium to fire premiums & then there is MSEDCL (MSEB) & property tax & the list is endless like Hanunamji’s Puchh (a Hindi phrase)! In the end, nearly six hundred to seven hundred rupees per sq ft is loaded on flat’s selling rate with all these govt taxes (income tax seperete) & which was ok till few years back but in today’s scene if a flat purchaser negotiates with tooth & nail for flat’s price (discount) then why not govt also takes part in that discount instead becoming party to the real estate only for profits; is what my question to all the policy makers of the real estate! This reduction of stamp duty step must be considered 9read as taken) on all fronts of charges by govt agencies, isn’t it?

And then in lieu of all these govt money (taxes, stamp duty, premiums etc), what the builder or the flat holder is getting in return, is also a big question. Because barring few areas in our Smart Pune city where home rates are beyond the common man, most of the suburbs lacks basic civic infrastructure like water, roads & drainage is a fact. Its high time for real estate that, why then we have to pay so much to the govt per sq ft of what we build or what we sale or what we buy; is the question not just builders but the home buyers must ask there only lies the affordability for all the segment in real estate. Or else be happy with the band-aid therapy on your wound & wait till it heals naturally & pray to the god for not requiring to cut your organ because of gangrene named un-affordability!

--
Sanjay Deshpande 
Sanjeevani Dev.

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