This may be the House of your Dreams!

Read this till the END this can save

yours lacs of money

Classification : Confidential
Guys there will be very big slack in 2008 in
overall world.

In USA 17,000 People have lost there job in Jan 08.

No doubt India will also show effect.
It will directly affect IT industry.
Think before every buck u r spending.
Survey’s shows that IT People spends unnecessary more money
than other professionals. Plan ur monthly budgets properly.
Be wise, while purchasing or taking flat on rent.
Do not give Brokerage or other than rent. [Brokers are creating new
trends in People’s that they should be in every deal] What’s need ?
Banks, Builders & brokers are directly eating ur money.
Banks Gets loans from other countries in very cheap interest rates
for different purposes & they are offering us with minimum 11-12%.
Classification : Confidential
While Purchasing every flat of actual price of 10-12 Lacs u r giving
25-35 Lacs. With interest it goes more than 50 Lacs
Such loans are not with fixed interest rate for life time.
That means u r giving them more than 3-4 times amount what
actually it deserves.

Think for future

If in future u looses ur job then
how u can pay the EMI of 10-15k.

No Doubt after 10-15 yrs if these types of slack comes.

News headlines will be like “xx
IT professionals subsided
due to burden of banks for Housing loan”
Its a future call guys………….
Classification : Confidential
Why IT peoples are going for flats.
Why don’t you people try for co-operative societies.

If u goes for societies u’ll get flats in 15 Lacs, with wat u want ?
& no doubt that construction will be better than wat builder’s are offering
Life of flats which are under construction or 5 yrs old will not be more tha

So buddies why u r giving 50 Lacs for 50yrs.

Instead of this co-operative societies have shown good qualities.

THINK THINK THINK THINK Guys

Its time to “HALLA BOL”

On builders, banks, brokers, & the ppl who r lootofying us.

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
Classification : Confidential
 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
sufficient
number of customers -RACING WITH BUILDERS INCREASE,
(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
there …LOAN IS A TYPE OF TENSION..YEARS ARE INCREASED

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
strategies
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 Classification
be managed : Confidential
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.

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

2. IT People should think about buying flats for atleast next 1-2 Yrs .
3. Once rates are reasonable , With some legal process get the Booking .
4. Check Facilities, Convince, Road Approach, schools & Mainly co-operation
water
5. Ask Questions If I buy 1/2 BHK at 20 to 45 Lacks , Do I get resale value in
future?
6. Today you are capable for paying 1500 -3000 maintains per month ? Will will
be the same case after 20-30yrs after retirement .
7. In All, Don't stretch more to get the more & more loans other wise it will
create unnecessary pressure and tension .
8. 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
inflation. : 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
kahyo..”reasonable”

2-Broker’s asking for 2-3 months rent,each 2nd house is person will become
broker to earn money..like 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…

Classification : Confidential
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
money..like 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
wrong..

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…….
Classification : Confidential
It’s the start……………..

Thank you

Please read it Classification

and circulate as much as we can.
: Confidential