Vision of Life; by Sanjay: Real Estate, Is It The Right Time ?

“For the four of us, home isn't a place. It is a person. And we are finally home... Stephanie Perkins

Stephanie Perkins is an American author, known for her books Anna and the French Kiss, Lola and the Boy Next Door, The New York Times bestseller Isla and the Happily Ever After and There's Someone Inside Your House, the latter of which will be adapted into a film of the same name and will be released on Netflix. Well, with that kind of bio-data no wonder she has defined home for a family in so simple & minimum words! We are in 2020 & with the recent past which real estate has witnessed every now & then one question haunts the developers i.e. "Achhe Din Kub Aaynege"?, means when the rates of the flats will start rising & sale figures will improve! And the joke is even the clients or say prospective home buyers are also haunted by one question, "Kya ghar kharidne ke liye ye sachme achhe din hai?" i.e. is it the best time to buy a home really? Well, it’s really interesting scene in real estate & when you are in a relatively new city with a new job then you are more cautious to book a home as indeed it’s a costliest product & for most people it’s one time buy. And when things are about marriage or buying a home, then in this country you get thousands of free advisers around who are self proclaimed experts on both fronts! Right from, “I am telling you wait for just six months, the rates will be half of what these builders are telling you now” to “don’t waste time, in real estate deri hardam marwati hai (means late always puts you in loss), just don’t think & book with the builder where I have booked”, you can get every advise in between these two extreme ends. Such as, “this builder you are praising may be big by name but now days big names crash fast” or if it’s a small name then “oh, this one builder you are talking about, are you sure he is a builder as with his set-up he looks more like a contractor, will he complete the project?”, is another set of advise.

Then there are advises about selecting the project, “man go for that township, it has everything in it right from club house to sauna-steam & even a shopping complex & school, once you are back home you don’t need to get out of the colony, what more you can have from a home, and in so cheap rate!” As well you can get this one too, ‘’all these amenities are gimmicks to increase the flat rates & then, who will be paying for the maintenance of all these things, hmm, provided the builder gives as shown in brouture first” the advise fulcrum can further swing to, “listen to me bro, go for the single stand small building, as all that gym & swimming pool, when you are going to get time to use it!” Then it’s about location, “go blindly for Baner boss, have you been to that High Street, what a happening place yaar, its walking distance from the project” & then there can be advises like, “are you going to stay in your home or in those High Street Bars, why pay premium for something you are going once in a while, go to Kharadi, that place also has some real hang outs around & its near to your office place too”, types advises you come across. And lastly, “why are you buying a flat in first place, just go for a rental one man, save for the marriage & have fun or you will end up your golden years in paying EMI to fill some chalu builder’s pockets & some housing finance company”; at the same time you will get this piece of wisdom also, “pagal hai kya, book the flat as soon you can, who will give his daughter to a guy who don’t have even his own two rooms” (sorry girlz, even this is applicable to girlz also, I used “Boys” just as example, no gender offense plz).

Well, now you must be laughing to yourself remembering all this crap you have heard sure as most of us have gone through this grind besides our genders either when its marriage as well home hunt or say subject of our “Raiin Basera” i.e. getting a home of our own. May be in Marathi language the famous phrase has been derived, “Lagana pahawa karun aani ghar pahawe bandhun” means, try marrying & building your own home once! In today’s world marrying is bit easy but to build a home by yourself especially in city like Pune is out of question for most & here is where real estate comes in the picture! It’s now nearly some six odd decades real estate (read as builders) has been settled in Pune but its only last decade the industry has started really getting professional (well a bit) is a fact & that’s best thing happened to the customers or home seekers. Indeed yet a lot needs to be improved on service front but then real estate unlike any other industry depends on many factors which are not under control of one single entity or organization is a fact. Obviously location, type of planning, quality, raw materials, skilled manpower availability, civic infrastructure, govt policies & many such things makes a complete or a perfect home & the all this combining decides the rate or cost of the finish product i.e. the home! Earlier there was less supply & more demand, today demand is still there but so is supply & expectations of people also has increased about their home, so this aspect also we can’t neglect while making a home!

Now you will understand why there are so many advisers when it comes to a home hunt as many people have many versions of their mission home & do mind though people will always boost how they fought hard with their builder & how difficult it was to get a good deal & possession of their home, yet there are good builders (too) around & that’s why today in city like Pune thousands of families are staying happily in their own homes & even if it’s a rental home then someone has invested wisely in that home in first place & today getting fruits of that investment is a fact!

Coming back to today’s scene what I will suggest is take advise from all you know (you will any way get it once you declare your intentions about searching a home) but decide by your logical mind as what type of a home you want, where & with whom you should shake hands (read as which builder) for buying a home. Do mind web sites & social media is a two edged sword as if used rightly (wisely) it can give you exact information you want about the home & the builder too at the same time a wrong info & you miss a good deal! And more than that one should be clear as what are your needs from your home because then only you can choose wisely your home is a simple fact which many people neglects & the repent for that neglect ion. By me, these are good times to buy a home, very frankly there always was & is a good time to buy a home & I know many will frown saying, what else is expected from a builder but these luring words & I don’t blame them as that’s what has been happening around in real estate for a while. But don’t forget what I have advised along, don’t go by mine or anybody’s’ words, go for what you want & what you think about a home. It’s something which you are going to buy for a while unlike any other commodity & your generations (at least one) is going to be here. Or may be for a few it’s going to be an investment, a costliest one so do your home work by yourself. Take advice but see the project, meet the people who are making it & then decide. A home is not just any other commodity; it’s your part of life so you must choose with your mind & heart.

This (read Pune) is indeed a good city to settle & live as it has got most of the characteristics which an ideal settling city requires. Such as, it has good weather, good social life, good infra like water, roads etc (read as in compare to many other cities), it has got education avenues & jobs & most importantly the city has got culture as that’s something differentiates a bunch of animals living together & a society! So, what more one needs to settle for than a city like Pune except finding a right location & a good builder as both of these are essential for getting a good home. And once you are convinced about settling here, in real estate I won’t say sooner the better yet a fact remains, in any decision on any front of the life, take your time but decide something, so you won’t lose time & money both! Buy or rent, invest in a home or office or put in some bank for FD but decide something, as right decisions taken in right time always pays well only in the end!

Sanjay Deshpande

Sanjeevani Dev.

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

https://youtu.be/al0NZ-7Zhq0

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

https://visonoflife.blogspot.com/2019/11/infrastructure-development-real-estate.html