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“Optimism doesn't wait on facts. It deals with prospects.
Pessimism is a waste of time”...Norman Cousins.
“Only those deals get closed which you
deserve”...
Norman Cousins was an American political
journalist, author, professor, and world peace advocate. Amit Kalantri is the author
of three books " I Love You Too", "5 Feet 5 Inch Run Machine -
Sachin Tendulkar" and "One Bucket of Tears". He is also a
professional magician and mentalist. Well, two quotes from two continents
exactly on two sides of the earth like two sides of the coin. Gladly Amit is
from very much “Aamche Pune” & sure out of entire country there are maximum
numbers of Punites in USA. Now the quotes are about the deal when I started my
sharing which is how or what you call as a best deal in real estate of your
home search, I was confused which ones to use, so decided to use both the
quotes! Reason of this sharing was, recently one of my friend’s
friends (In India this relation thing can extend to any length) wanted to know
about a property (flat) he was interested in buying for him as a home in
kothrud, a western suburb of Pune, well developed, needless to say. I said what
he wanted to know, he said he has visited site, liked location, the work also
is in progress & nearly 3/4th of floors has been complete
(height wise), so is it a good deal & what will be good rate to buy a flat
here? I said give me a day & I will inquire about the project & the
builder & get back as well will give few other options if I get some. So a
day after I called that guy & gave some other projects details & told
him the builder is not much reliable name but professionally I can’t quote so,
as a friend I am sharing this , so he can choose from other options in the same
locality! After few days I remembered our conversation & asked that
friend’s friend about any help he still needs, on this he said they have
decided & have booked with the first one only about whom they have asked
me. I said, why they didn’t found my other suggested options good, the man said,
the other options were out of their budget by few lakh rupees & this
builder gave them best deal in their budget, so they thought of going with the
name which I have said to avoid! Well, I asked them have they
entered in agreement, the man said not yet but soon. I told them, I am sorry
again professionally I should not be doing so but as you have referred to me by
a friend, I feel it’s my duty to tell, the builder has a reputation to delay
the projects even when they are in finishing stage as well a very poor post
sale service & I referred him one of the customer of the said builder whom
I knew has had a bad experience & asked him to speak & check in person
the experience as a client with that builder! I said, you are
buying this home for stay & paying amount nearing to Rs One plus crore
& just to save few lakh, you are not bothering that what if the project
gets delayed by a year or you have to follow the builder for months for getting
petty works done & get zero post possession service! Would you buy a car of
reputation of low maintenance, poor post sales service & getting delayed
delivery even after paying all amounts on time? He said, no, I wouldn’t, so I
asked then why you are booking home like life time thing for just because you
are getting a best deal you feel, on just price basis!
This is where the above two quotes comes in
picture as right now post lockdown, everyone is speaking about real estate
& its fate, well I am not or never worried about fate of the
real estate but sure fate of few names who have been dealing wrongly. But then
you find such in every field & meet their fate eventually is a fact, so why
worry! Actually I am not worried about
the builders who give a bad deal, I am more worried for the home buyer who ends
up getting a bad deal as they opt for it in first place, is the major problem
of real estate! Like Normaa says, Optimist & Pessimist are two sides of
coin & we all have both characters in us, so there is a third side of the
coin & that is edge of the coin. And on this edge also on which side you
stands of the edge matters when it’s a deal but in real estate surely the
person who sees prospect, ends up getting a good deal is a fact. And I don’t
mean be optimist means ignore the facts, keeping logic intact you can be optimist
& select your home, is what I mean. For e.g. some ten years back I build
few projects in Baner/ Balewadi & sold flats at say Rs 1800 per sft, a
price which can’t cover even the construction cost today. And at that time,
those people who didn’t book flat in these projects by giving reason that’s its
far away from the city, are still searching for the home in the very same
locations which are now out of their budget!
Again, I deliberately gave my own example so to
make you know what to call a good deal when you are dealing real estate or say
your own home. And I am not sharing this for appreciation part, it’s a bonus,
what I want to tell is about getting a good deal for your home, first know what
you call as a good home!
Post this lockdown many things are & will
be changing as many people will be working from home, many people have fled
from Pune, many people will be coming back & some won’t ever, there will be
many new migrants also in all the sectors of the society, coming from all parts
of the country even from out of country for search of new jobs or careers as
Pune offers most jobs; but all this will take some time to settle . As thanks to media
as well confusion created by the rulers & illegal settlements in pockets
which has gained negative publicity to this city & the case is same with
major Metro cities in the country as any epidemic is bound to grow
in slums & difficult to control is a fact, which our rulers knows but wont
never learn! But in a way that’s boon for many builders or
localities in Pune as now a good deal for home means non-contained area means a
locality with minimum slum or illegal constructions, is also a parameter now.
Because my society I may isolate or quarantine for being safe but all class
four workers which are like backbone of our society may be coming from
contained area if one such exists nearby my home, causing always a threat to my
family, is something never thought of earlier for buying a home!
Then comes the location from angle of prospect
of development; frankly in our country people starts living & then
development follow is the rule, applicable for commercial as well residential
settlements & Pune too is no exception for this rule, which actually is
totally in contrast with urban planning. But that’s how we are different, isn’t
it, so when you are searching for home, just don’t go for what’s there today,
look for what was there five years back & then predict what will be after
five years. As where all sorts of developments are complete you won’t get a
good deal ever, I mean on term of price is what I am referring to! This doesn’t means
that go & stay some location with no roads, water, schools, shops but this
means these all follows eventually at most places in cities like Pune/ PCMC.
So, along with the schools, shops & hospitals around, do check for the
growth pattern of the locality also; as no illegal or unplanned settlements
around your location & pollution creating aspects like narrow roads or some
industrial unit etc as these all are going to count when you ask for best deal!
And now at least I hope people will keep their
eyes open ( read as senses) when they think of amenities as if not swimming
pool & gym, the single stand building must have a walking space all around
it & not just a maze of parking & services. As during entire lockdown
period I was walking around my residence building, which is a single standing
one but good space on all around it & surrounded by the trees. Thankfully
our society people haven’t cut the trees for parking or any other purposes
& I could every day listen to birds chirping (actually) & shadow of the
trees. Redevelopment guys are you reading it, as most of them (existing society
people) in the zest of getting more space surrender their tree cover & then
the new flat holders in such buildings, can they get a real good deal with a
home without trees, ask yourself this also! (Keeping due respect to the
builders which keeps space for trees also in redevelopment, magicians they must
be!). And yes do ask for monthly outgoings also when you are booking a home
with all so called lavish amenities, does we need them & if yes have we
provision in our monthly outgoings for the same. Though in big projects such
expenses are shared is also true, so just do some maths before you compare
between amenities vs. outgoings to maintain them!
The locdown era might be a big dent for the
rentals as with so many restrictions laid by the crazy (sorry but that’s fact)
society managing committee members, most of the rental families must be
thinking of getting their own home than surrendering to inhuman demands from
the society members from the tenants! And I don’t blame them as I have seen
enough society fights during these periods, the managing committee thinks they
are dictators & the flat owners thinks they are rebels & nobody cares
what the tenants thinks! So high time for the present tenants may of
2 bhk flat to become flat owner even it may be 1 bhk as future for time being;
this also can be an aspect of a good deal! And then there is
work from home aspect too, so a 1 bhk in posh locality or a 2 bhk, slight far;
choice is yours!
And lastly, budget front of the deal; well,
times are hard, jobs are rare & salaries are decreasing yet life is on! As
I said, judge your pocket not just on scale of today but years ahead & your
needs & then only call what you are buying as a good deal (read
as good home). As I have seen (meet) many people happily living in their
homes & all of them takes pride in how they got a good deal (read as home)
but nobody gives the real estate (read as the builder) any credit of such good
deal. And I have seen many people who are suffering from the home they have
bought & call it as a bad deal & keep blaming the real estate (read as
builder)! So,
what you think after reading this about good deal while buying your own home,
who is responsible, yourself or the builder?
As Amit Kalantri said, a good home (read as
deal) is deserved only by the person who chooses with open mind & has
optimist attitude & keeping an eye on future! So go ahead home buyers, have
a good home first, a good deal will definitely follow!
--
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)
Creating Togetherness; team Sanjeevani Way(Click link below)
https://www.flickr.com/photos/65629150@N06/albums/72157627904681345
For any of your complaints about city, log in at link below
www.punecorporation.org
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