Save the IT People from
Debts
* Property market in
Year 2001 -2004 was quiet Ok , People were able to buy Flats in reasonable
rates .
*Year 2005 -2006 , Some of
the well known builders started the rates boom , flat which was at
the cost of Rs.900 Sq Ft now became 2200 to 2800
Q: Are there any additional
facilities ?
--> No Same
Scheme/Area , Flat sold at 10 Lacks Now selling at 25 Lacks .
Q: Why Property increased
so High ?
--> IT people competition
to buy sweet home ..
Q: Who is going to Benfit
from this Property Boom ?
--> Only Builders and some
of the Politicians
Q: How is the Bank's
support on Home Loans ?
--> Last Year , Bank gave
the loan's at flexible mimimum rate,Now Banks has sufficient number of
customers ,
(Trap) Slowly Banker's
increasing interst at % 0.5 every month .
IT People Who bought
house for 22 Lacks for 20 Yrs , Now became 23 Yrs with raise of
0.5 %
Q. How some IT
people can face the problems in Future ?
--> Companies are Project
Based , If Projects are there then People will not be there .
Q. IT salaries are
high in Market , How much actually IT-people getting in Hand ?
--> People, Who bought house
of 22 Lacks to 40 Lacks They need to pay EMI
15,000 to 35,000
for 20 Yrs. If Bank keeps same interst rates .
Suppose Salary
is 35- 40 K Per Month, 20K will be the EmI
Q. Is there any "Terms
& Condition or Processes to increase rates" ?
--> No , Depends on Buiders Greediness . Every builder follows the different
strategies
Builder sold
one flat 1500 Per Sqft in Morning and 1800 Per Sqft in the
Evening ,
There are no
records maitained ..
Q. Who made builders smart
& greedy ?
--> Fool IT people ..
No body is asking , Flat
was sold at 12 Lacks , Why now 24 Lacks ?
Q. Is Corporation water
& MESB available to all schemes ?
--> Some of the area don't
have the Corporation water at all , People surviving on Water Tankers.
** MESB
.. Under Table ,can be managed easily .
Q. What will be the condition
If We are not able to Clear the Loan ?
--> Depends on individual
capabilities
Q. What wiil be the actual
'area of living' or carpet area if the builder proposes 1000 sft?
....> The actual carpet
area will be 800-850 sft only. The common area is also included in the
proposal.
If two flats are in the same floor, then the builder cheats both the residents
by collecting
How
do Builders cheat buyers? ... Let us see with a simple example
Builder XXXX
proposes a flat in a decent residential area.
Rate ( Unit Price
) - Rs. 3500 sft.
Registration
- Rs. 40 per sft.
EB and drainage
- Rs. 50,000
Covered Car park
- Rs. 1,25,000
Corpus fund
- Rs. 50000.
For a 1000 sft flat ( 850 sft
carpet area ), the approximate cost will be Rs.37,65,000. In the same plot
area ( measuring 2 grounds) the builder would have constructed 8 or 10
flats.
Let us see how a builder
earns his profit
Total sales for the builder
- 37, 65,000 *10 = 3, 76, 50000 ( 3.76 crores)
Cost of the land
- Rs. 40 laks per ground
1) Total cost of the land
-
80 lakhs for two ground -------
A
Total builtup area for 10 flats
- 10*1000 sft =
10,000 sft
Construction cost per sft (
for normal specification) = Rs. 900 per sft
2) Total construction cost
- 10,000 * 900 = Rs. 90,00,000 --------------
B
3) Other expenses for the builder
- Rs. 20 per sft
= Rs. 2,00,000 .................
C
Total expenses for the builder
= A+ B+C
=
Rs. 80,00,000 + Rs.90,00,000 + Rs. 2,00,00
=
Rs. 1,72,00,000 ( 1.72 crores approx)
Total Sales
= Rs. 3.76 crores - Rs. 1.72 crores
Total profit of the builder
= Rs. 2.04 crores.
Let us see the share
of each resident
1. Cost of land =
Divided share among the other 10 residents
= Rs. 80,00,000
/ 10
= Rs. 8,00,000
2. Construction cost = Rs.
900 * 1000
= Rs. 9,00,000
3. Other expenses
= Rs. 2,00,000 ( approx)
Total
= Rs. 19,00,000
( Nineteen lakhs)
The total share for each
resident is Rs. 19,00,000 ( Nineteen lakhs only )
but he pays Rs. 37.5 laks
for the flat.
Q. How We can stop
Builders -Property Boom ?
1) IT People should stop buying flats for atleast next
1-2 Yrs .
2) Onces rates are
reasonable , With some legal process get the Booking .
3) Check Facilities,
Convince, Road Approach, schools & Mainly co-operation water
4) Ask Questions
If I buy 1/2 BHK at 12 to 30 Lacks , Do I get reasale value in future?
5) Today you
are capable for paying 1000 -3000 maintains per month ? Will will be the
same case
after 20-30yrs after retirement .
6) In All, Don't stretch
more to get the more & more loans other wise it will create unnecessary
pressure and tension .
7) Read
the above mentioned calculation carefully, when you are about to buy a
flat pls keep this in mind.
Please read this carefully
��
Send
it to all you know
�
�
Act
quickly
�
..Save
them from debts
��
.We
can stop the inflation
�
.
|
