Pune real estate has become talk of town due to its threefold appreciation within two to three years. When the economy broke down in 2008 the realty bubble was thought to be burst and it did. Builders felt the heat of recession and many small builders had to windup their businesses. But I guess developers and builders have learnt the lesson otherwise and adopted the policy of taking maximum advantage when the ball is in their court. Frankly speaking the ball is in builders court right now and they are following the lesson. But in all this game or I should say this major game of real estate only innocent buyer is immensely affected as he is not only helpless but also lifelong burden comes on his shoulder when he decides to buy his dream home. Everyone actually knows that the price builder is quoting for one 2bhk unit is much higher than the realistic price and reason being the profit margin digested by the builder.Builders who have lost their profits during low times are cashing now so that they can strongly face another downfall or can recover the losses of last downfall. Developers are happy, government is happy, black money investors are happy but what about the actual middle class home buyer? Is there any party who is thinking about the interests of this major population who is working really hard to earn his bread, fighting with never ending inflation, stress and no salary hikes, who wants to find a reasonable shelter? In reality nobody is bothered to think of us (middle class) and we are compelled to buy homes in this unrealistically hyped real estate market because we are fearful that if we do not buy now we won’t be able to buy tomorrow as the prices are rising almost every month. When we go for a high priced home then it encourages the builder to quote more next time as he is getting the buyer at whatever price he is quoting. For example Amit builders recently launched their new project in Baner near Pancard Club. And if you enquire about the rates you may get heart attack as the price for a 3BHK is about 1.25 crore. Is it justified? Actually not at all. Just providing ultra modern amenities you can’t empty the pockets of buyers. And if suppose you go for such a home then you cannot enjoy a single amenity for which you have paid because your entire life will be invested just to repay the mountain sized loan amount. It is just not practical to go for such a property that cannot promise you peace of mind.Here the problem is that when such high ended project comes in the area the rates of other projects in the same location also goes up and that is the drawback. Foreign investors or black money investors may be interested in such projects as they have good amounts to park for long term but an actual buyer gets the slap on face when such a situation arises. Now we got the problem area and the weakness of actual middle or upper middle class buyer who struggles throughout his life for comfortable dream home. Now let us brain storm about the possible solution of this major problem in the real estate industry as what one cannot do a group of people can definitely do.1. We need to get together and discourage the unrealistic prices of pea sized homes.2. If we stop buying homes for a while the builder cannot dictate the realty industry and they have to come down by reducing their sky mounting profit margins.3. Whenever we ask about the reason of price rise we are told that cost of cement, labour and other construction material have gone up and we say yes that is true. The point here is that we all agree that the cost of construction has gone up but the current rate of property has gone up at much faster speed and in reality it is not due to cost of construction or any kind of taxes but due to high profit margins of builders the cost of properties are like killers.4. If we analyse our investment then we come to know that if we buy a two bhk flat for a cost of say 50 to 55 lakh then after a period of five years or ten years can we get eighty lakh or more. We need to deduct the depreciation over the years as well. It seems a bit difficult that the price get doubled in a certain period of time. Thinking about return on investment is quite significant.5. If you think you will rent your property if it does not get sold in future then keep it in mind that renting a property option does come with may headaches as annual maintenance, repairs, getting expected rent, finding tenants in time, etc. are issues always there with a property for rent.6. Do not jump in a property deal because others are doing so. Wait for the right time, right location, right builder and last but not the least right price.7. Believe me if we take firm steps of not buying or enquiring for homes for a while the market will get the right direction in near future.8. It is said there is always a highest point in a graph and after achieving that top the graph has to change the direction and come down. I guess that point has almost reached by Pune real estate and the correction in price will certainly come soon.9. Government needs to regulate the realty market in order to control one sided industry.10. We need to understand the tricks of builders like floor rise, full charge of balconies, legal charges, infrastructure charges and other not clear charges. A little bit awareness can save you from an unhealthy deal in property.Ruchi Mahajanзайм на карту без отказов круглосуточновзять кредит онлайн