House Problem Final by svijayku89


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									This may be the House of your Dreams!

           Classification : Confidential
              Warning !
    Save your self and others from
Builders & Bankers hunger of money…

       Yap I want to buy house
             but can’t….

           Classification : Confidential
  Everybody has a right to dream & fulfill it but…..

                          Builders increasing
                           their profit to 60%

                                                                      Their hunger
                                 Banks taking                      of money ruining
                             advantage of demand                       our dreams
                            increasing interest rates
  Is this your
 dream house?

Problem: We dream for house
Curse:     we are IT professional, ‘have money printing
           machine in their perspective’
Solution: Either stop dreaming, pay for 40 years,
                                                                   7% -11% increase,
           stay in rented house for whole life
                                                                    is this tolerable
Or get united stop buying house for a year to give them
                                                              “advantage of helplessness”
lesson till their rates cum down to save their bread & butter
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   No Cinemas, No coffee day, No Barista, No hotel, No disc, No shopping..,no money
sending to family.. (You know where to go and where not to go after reading this mail...)
                             for 1 year at least 6 months…

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 -2007 , Some of the well known builders started the rates boom ,
flat which was at the cost of Rs.900 Sq Ft now became 3000 to 4800
Q: Are there any additional facilities ?

--> No Same Scheme/Area , Flat sold at 20 Lacks Now selling at 45 Lacks .
 Q: Why Property increased so High ?

--> IT people competition to buy sweet home ..,they are bound to take….
. Q: Who is going to Benefit from this Property Boom ?
--> Only Builders ,Bankers and some of the Politicians
  Q: How is the Bank's support on Home Loans ?
--> Last Year , Bank gave the loan's at flexible minimum rate,Now Banks has
  (Trap) Slowly Banker's increasing interest at % 0.5 every month .
  IT People Who bought house for 22 Lacks for 20 Yrs , Now became 28 Yrs with
raise of 4.0 %                   Classification : Confidential
Q. How some IT people can face the problems in Future ?
--> Companies are Project Based , If Projects are not there then People will not be

  Q. IT salaries are high in Market , How much actually IT-people getting in
Hand ?
--> People, Who bought house of 30 Lacks to 50 Lacks ,now They need to pay EMI
25,000 to 35,000 for 30 Yrs. If Bank keeps same interest rates .
    Suppose Salary is 35- 40 K Per Month, 30K will be the EmI
  Q. Is there any "Terms & Condition or Processes to increase rates" ?
  --> No , Depends on Builders Greediness . Every builder follows the different
     Builder sold one flat 2000 Per Sqft in Morning and 2800 Per Sqft in the Evening
    There are no records maintained .. RATES JUST INCREASING……
Q. Who made builders smart & greedy ?
  --> Greedy IT people ..
No body is asking , Flat was sold at 15 Lacks , Why now 35 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 .
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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
  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.

                                 Classification : Confidential
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 )
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but he pays Rs. 37.5 laks for the flat.
Q. How We can stop Builders –Property -Bank profit Boom ?

1.   IT People should think about buying flats for atleast next 1-2 Yrs .
2.   Once rates are reasonable , With some legal process get the Booking .
3.   Check Facilities, Convince, Road Approach, schools & Mainly co-operation
4.   Ask Questions If I buy 1/2 BHK at 20 to 45 Lacks , Do I get resale value in
5.   Today you are capable for paying 1500 -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.

     Either we should be united and stop buying houses on such rates of
      builders & bankers,or Government should handle this big issue by
           making some rules and regulations Some fix Sqfeet area
                  for fixed rate with tolerable interest rates.

•Please read this carefully * Send it to all you know * Act quickly * Save them
from debts. * We can stop the Classification : Confidential
       Government is for what to govern,to make rules..
    but they are just making their balances with blind eyes.

This was the major issue for survival,now other big issues aswell are:

1-Auto riksha’s without meters asking for half returns..RS-35 for 1km
“are koi note chapne ki machine hai kya jo muh khol kar sab mangte rahte
hai,mehnat se IT company me aye hai,tum bhi mehant ki

2-Broker’s asking for 2-3 months rent,each 2nd house is person will become
broker to earn sabjiwala,security guard,society
secretary,panwala,barber,newspaperwala,shopkeeper,builders,everyone is
becoming broker…what is this….GHOR KALYUG….

3-Rent for 1 BHK is 10k,2bhk 15k..what is this ..then brokerage…rent
should be like rent not…to ..make payees suffer…

If they want to make money go struggule …why to lootofy people…
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Solution:    To these issues

1-Government should pass a rule for autowala’s- always use meters
Or take autowalas to artio office or police station for asking more half return in the day time
Or become Gunda like them and don’t give let them run behind
you..see what they can do..they can’t they’ll be in the same situation
as we are like helpless to save time we fullfill their demands..which is

2-Their should be some registration numbers for each broker,issued
by some government authority.and make maximum use of office
internal sites and friend’s office sites instead of approaching brokers

3-For rent also some government or housing authority should make
some fixed stop taking houses on what they deserve or stop giving
excess money take houses on location where u get reasonable rated
I know it’s difficult but someone has to take initiative to stop…….
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It’s the start……………..

               Thank you

                      and circulate as
       Please read itClassification : Confidential much as we can.

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