Reply.... Jitendra / Arnab

[Safal Suri]

 

 

Hi Jitendra! (And everyone)

 

Thanks for appreciating. We guys (property dealers) don't get much appreciation nowadays, no matter how much we do for others and no matter how much others profit from our services.

 

Let me start with a few things I would like to put forth to this group (without sarcasm, stooping low and getting down right dirty):

 

1. Property dealers are not God. No one should consider them one. They are as human as everyone else.

 

2. There are good and bad people in every profession, every community, every locality, every age group and every walk of life. Why target just property dealers?

 

3. Lawyers are, if not more, as infamous as property dealers. They are no better, doesn't matter what stream of law they practice.

 

4. It is true, property dealers/real estate agents have a bad reputation. Not just in India, world over. So is true for everyone involved in any kind of sales. Sales professionals have a product to sell and most would put in their best efforts to sell it. What's wrong with that?

 

5. World over, lawyers too have as bad a reputation as property dealers. Does that mean every lawyer in the world is corrupt and evil? Can we use the same yardstick for everyone?

 

6. In today's world, it is increasingly difficult to trust anyone, including friends and family, and it is up to oneself (depending on experience, knowledge and wisdom) to make a judgement. Remember, you are responsible for your decisions. Don't blame others if you are incapable of distinguishing between the right and the wrong. Everyone is responsible for the decisions they make.

 

7. There are very few property dealers in India, more so in Delhi & NCR, who would refuse to take money from a customer on basis of values and principles. Most would take the money first and think of consequences later. If a customer comes across a property dealer who wouldn't take money because he cannot deliver, learn to appreciate rather than blindly criticising the entire real-estate fraternity for your indecisiveness.

 

8. Everyone is here to earn a living. If a property dealer refuses to take any losses because of a customer's indecisiveness and forever-thinking, as a result of which the customer misses the opportunity, please don't blame the property dealer. It was the customer's call, therefore the customer loses the opportunity. Why should the property dealer pay?

 

9. If you (customer) cannot appreciate someone's honesty and integrity or if you are unsatisfied, you are always free to approach anyone else (including another property dealer) and deal as you wish.

 

10. Finally, sarcasm and quoting others do not lead anywhere. It is not a dignified way of presenting one's point of view. These are the tools of weak people.

 

This is my first and last reply to the said post, or any such posts in the future, if any. It will be highly appreciated if everyone in the group please keep discussions limited to Yamuna Expressway and related matters. Most participants here are professional and hardly have time for irrelevant posts. If anyone feels like discussing issues unrelated to the main topic here, you may like to create a new group and discuss it there.

 

Arnab, I know you wouldn't have wanted me replying to an earlier post. Well, I thought about it overnight and came to the conclusion, there is no smartness and bravery in letting someone walk over you. If you do not stand up for yourself, who would. Thus this reply.

 

Since you created this group, I request you to please be more active in filtering personal attacks and impose restrictions on members initiating and instigating such activities in the first place.

 

Sorry Jitendra, back to your question...

 

Point 1. As much as possible buy the property directly from the authorities and at the place near to your (or your reliable people) stay. So that you get an authentic property and should be able to look after it.

 

This is true and the safest course of action. It is best if one could get the property directly from the authority. Although not all, there are chances some property dealers and builders (even if they are of repute) can misguide or cheat. That is not to say, buying from authority is completely safe, but the chances of mishaps are comparatively less.

Point 2. Buy the property only as much as you need for your personal use. Don't try make money in real estate specially in land (lene ke dene par sakate hain)

 

As a lay man I would have agreed to this. But as a professional in this field, I have seen people making huge amounts of money in very little time. As I mentioned earlier, it is upto an individual's judgement as to how, when and where one invests. There are no standard dos and don'ts.

 

Point 3. If you had to by from secondary market then buy it from the people whom you know personally. Same thing is applicable for real estate agent.

 

That would be an ideal situation. But how often does that happen? It is better to get smarter, rather than not do things at all. I'd suggest one to be very careful and watchful while doing any real-estate deal. Research the unknown factors. Don't be scared to ask questions. It may not be the right question to ask, but may lead you to the right question. Remember, in this business, knowledge is the key.

 

That said, even us (infamous property dealers) get cheated by customers. I personally have had a case where the customer (buyer) refused to pay the entire commission after the deal went through. As the registration was complete, the customer conveniently walked off. Somehow, no one ever blames the customers. Why does the finger always point to property dealers?

Point 4. If you planning for your own house on some plot then either immediately build and occupy it or keep some back up. You never know when you loose the plot.

That depends on many factors. That also depends on how aware and knowledgeable you are of the area where you have bought or planning to buy real-estate. Some places in India are completely unsafe, even if one lives in it. While there are places where you can have a property completely safe without worrying about land sharks. Knowledge of local laws, social and political environment is always desired while investing in an area. For eg. Most people think FREE HOLD is way better than LEASE HOLD. Is it really the case? What really is the difference between Free hold and Lease hold? How does that make a difference where  you are buying a property? Why is it generally considered that Free hold is better than Lease hold?

 

Like I said earlier. Don't be afraid in asking questions. Also, remember, if everyone was always cheated while buying or selling any kind of real-estate, real-estate would have never existed as a business and no one would have ever had a house or office or a shop.

 

Hope that answers some of your questions.

 

Once again, thanks for the good word. I appreciate it.

 

Cheers...

 

Safal

 

 

 

---

 

 

----- Original Message -----

From: "jitendra" <jitendr...@hotmail.com>

To: "YEIDA" <ye...@googlegroups.com>

Sent: Wednesday, August 12, 2009 10:19 AM

Subject: [YEIDA:364] : Re: : Re: 10 Fundamentals of Real Estate: (WITHOUT MALICE TO ONE AND ALL)

 

Hi All,

 

I would like start my mail by complementing Safal for his knowledge about real estate and infrastructure development in general. I have never came across a real estate professional as well informed and tech savvy as Safal.

 

Now come to real point, I agree with you language used by Anubhav Jain (mercedesboy) is highly objectionable, but at he same time concerned raised by him are very much relevant. I think he should have put them in more polite manner.

As we all know every body doesn't get a plot directly allotted from authorities. Myself and my brother together applied for more that 7-8 times in GNIDA (three applications in RPS01/09), every time better luck next time.  Now with reduced number of plots same thing is going to happen with YEIDA also. So if one really wants to buy a plot he has to depend on secondary market and real estate professionals, you may call the as agents broker etc... are guides for this secondary market. We also know real estate business is not a clean business, lot of back money involved. It's obvious back money attracts black sheep (buyer sheller, agents, developers, builder, ect....). I will also like to add all the people in this business are no black sheep and every profession has it's own share of black sheep, recall Advocate R. K Anand episode.

We as end user don't buy real estate every day. We buy with lot of hopes and a picture of dream house in our mind. So for most of us it's like a Hindu marriage, once in a life time affair. So obviously we will be concerned. I know incidences one in NCR and one in Lucknow how people burned their hands in real estate. As mentioned in one of my previous mail in one incidence authority plot was sold twice. Also at the same time lot of incidences are, when people bought the at the right time and now it's value gone up by more than 100 folds. So, to come out of confused state, I hade my own (miss) guidelines for end users.

 

1. As much as possible buy the property directly from the authorities and at the place near to your (or your reliable people) stay. So that you get an authentic property and should be able to look after it.

2. Buy the property only as much as you need for your personal use. Don't try make money in real estate specially in land (lene ke dene par sakate hain)

 

3. If you had to by from secondary market then buy it from the people whom you know personally. Same thing is applicable for real estate agent.

4. If you planning for your own house on some plot then either immediately build and occupy it or keep some back up. You never know when you loose the plot.

I agree some these point may be over concerns. I will highly appreciate if Safal could educate us and provide some tips and checks & balances for the secondary real estate market.

Rgds,

Jitendra

---

 

On Aug 11, 8:50 pm, "Safal Suri" <safals...@hotmail.com> wrote:

 

Arnab! Everyone should be allowed to express themselves without reservation.

Let the readers of this forum decide what's right and what's wrong.

 

---

 

 

From: "ArnabMukherjee" <arn...@gmail.com>To: "YEIDA" <ye...@googlegroups.com>
Sent: Tuesday, August 11, 2009 12:11 PM
Subject: [YEIDA:357] : Re: 10 Fundamentals of Real Estate: (WITHOUT MALICE TO ONE AND ALL)

Posts focusing on forum members, rather than the content of their posts, are discouraged and may be deleted.

 

---

 

 

----- Original Message -----

On Aug 11, 1:01 am, mercedesboy <anubhavjainadvoc...@gmail.com> wrote:

 

With my little experience in property matters, I have learnt the following fun-the-mentals of Real Estate market:

1. Property Dealers are the best friends of mankind. Without their presence, the very existence of individuals, societies and nations will be severly compromised.

2. In property markets, the prices ALWAYS move up.

 

3. Recession or epidemics have only one impact on property prices: POSITIVE.

4. When your agent says that Airport projects, malls, transport corridors and entertainment clusters are bound to come up in the vicinity, HE can never be wrong. (Please blame me for deliberate gender bias here)

5. If you are willing to sell your existing property, the market is always cold, there are never enough buyers. Consequently, there are no premiums.

6. If you are willing to buy any property, the market is always hot. There is no availability, thus you must pay premium.

7. If you have a need to buy, there are only two type of prices available: VERY HIGH or UNAFFORDABLY HIGH. There are no low prices for you.

 

8. The newer colonies shall have much more market and rental value and consequently more appreciation than existing settlements. This is irrespective of the fact that these new settlements have no inhabitants, no existing infrastructure or facilities.

9. Property dealers never lie; therefore citizens should be persecuted for mistrusting property dealers.

10. If you get shocked by the unrealistic prices in the neighbourhood of your proposed buy, and your Honourable agent gives statistical support for his basis of calculation, you should never counter him by borrowing from Disraeli: "There are only three kind of lies: lies, damned lies and statistics". If you still persist with your attitude, please refer to clause 9.

11. The authorities are the supreme commanders of citizen's fortunes. They can do anything (including but not limited to amendment of schemes, change in prices/draw dates/ plot size/ numbers on offer/profile of applicants/ location, calling-cow-an-ass, even scrapping the projects altogether). As a citizen, you have no right to question your commander's acts or omissions.

PLEASE ADD MORE FUNDAMENTALS AS PER YOUR INFORMATION.

Request to Mod: This post has direct bearing with the current and future happenings of YEIDA, please retain it for ready reference of future investors.

 

 

---

 

[mercedesboy]

I again apologize unconditionally to anyone and everyone who may have
felt adversely due to my post. This was unintentional. Thanks and God
bless.
Mercedesboy

[jitendra]

Thanks Safal,
Your reply was very very informative. If you wish just one
point

As in response to my point number 4, you mentioned

"Some places in India are completely unsafe, even if one lives in it.
While there are places where you can have a property completely safe
without worrying about land sharks"

So I have a question

One the scale to 1 to 10, where you put our UP part of NCR region
(NOIDA/GNIDA/YEIDA) ?

I know you the fact that are from real estate business and answering
this question may be against your professional ethics. So you can
reply only if you feel comfortable.

Rgds,
Jitendra

> Like I said earlier. Don't be afraid in asking questions. Also, remember, if everyone was alwayscheated while buying or selling any kind of real-estate, real-estate would have never existed as a business and no one would have ever had a house or office or a shop.

>
> Hope that answers some of your questions.
>
> Once again, thanks for the good word. I appreciate it.
>
> Cheers...
>
> Safal
>

> --------------------------------------------------------------------------------

>
> ----- Original Message -----
> From: "jitendra" <jitendraksi...@hotmail.com>To: "YEIDA" <ye...@googlegroups.com>
> Sent: Wednesday, August 12, 2009 10:19 AM
> Subject: [YEIDA:364] : Re: : Re: 10 Fundamentals of Real Estate: (WITHOUT MALICE TO ONE AND ALL)
>
> Hi All,
>
> I would like start my mail by complementing Safal for his knowledge about real estate and infrastructure development in general. I have never came across a real estate professional as well informed and tech savvy as Safal.
>
> Now come to real point, I agree with you language used by Anubhav Jain (mercedesboy) is highly objectionable, but at he same time concerned raised by him are very much relevant. I think he should have put them in more polite manner.
>
> As we all know every body doesn't get a plot directly allotted from authorities. Myself and my brother together applied for more that 7-8 times in GNIDA (three applications in RPS01/09), every time better luck next time.  Now with reduced number of plots same thing is going to happen with YEIDA also. So if one really wants to buy a plot he has to depend on secondary market and real estate professionals, you may call the as agents broker etc... are guides for this secondary market. We also know real estate business is not a clean business, lot of back money involved. It's obvious back money attracts black sheep (buyer sheller, agents, developers, builder, ect....). I will also like to add all the people in this business are no black sheep and every profession has it's own share of black sheep, recall Advocate R. K Anand episode.
>
> We as end user don't buy real estate every day. We buy with lot of hopes and a picture of dream house in our mind. So for most of us it's like a Hindu marriage, once in a life time affair. So obviously we will be concerned. I know incidences one in NCR and one in Lucknow how people burned their hands in real estate. As mentioned in one of my previous mail in one incidence authority plot was sold twice. Also at the same time lot of incidences are, when people bought the at the right time and now it's value gone up by more than 100 folds. So, to come out of confused state, I hade my own (miss) guidelines for end users.
>
> 1. As much as possible buy the property directly from the authorities and at the place near to your (or your reliable people) stay. So that you get an authentic property and should be able to look after it.
>
> 2. Buy the property only as much as you need for your personal use. Don't try make money in real estate specially in land (lene ke dene par sakate hain)
>
> 3. If you had to by from secondary market then buy it from the people whom you know personally. Same thing is applicable for real estate agent.
>
> 4. If you planning for your own house on some plot then either immediately build and occupy it or keep some back up. You never know when you loose the plot.
>
> I agree some these point may be over concerns. I will highly appreciate if Safal could educate us and provide some tips and checks & balances for the secondary real
>

> ...
>
> read more »

[Safal Suri]

Hi Jitendra!

There is no question of my professional ethics involved here. I am a
real-estate agent and often asked about this question. Most questions asked
online are normal questions people ask in person. Online and offline I try
to answer the questions to my best capability.

However, please remember... these are my personal thoughts, based on my
experiences and knowledge of the area. I have been wrong about few things in
the past and will surely be in the future. I don't guarantee correctness
while I answer, I only assure honesty.

As for safety of property in Gautam Budh Nagar District is concerned...
similarly to other parts of Delhi and NCR, this area too is infested with
petty crimes. But unlike most parts of Haryana and other districts of UP,
land sharks aren't very strong when it comes to land allotted by govt.
agencies I.e., Noida Authority, Greater Noida Authority & Yamuna Expressway
Authority. Although not very common, there have been cases when private
developers have taken investors on a ride.

In my personal observation, based on the kind of property, location,
developer/authority and general trend, I would give Noida and Greater Noida
between 7.5 - 8.5 out of 10 and Yeida 6 - 7 out of 10.

Cheers...

Safal

[jitendra]

Safal,
Thanks for the reply.

Jitendra

On Aug 12, 4:06 pm, "Safal Suri" <safals...@hotmail.com> wrote:
> Hi Jitendra!
>

> ...
>
> read more »

[Mukesh Goswami]

Hi Safal,

Could you provide information about Kessel Valley project. I am tempted to make some investment there but would like to take an informative decision rather then emotional decision.

 

Regards,

Mukesh G

[Safal Suri]

 

Sure Mukesh!

 

Gimme few days. I'm a bit tie-up till this weekend.

 

Will get back to you latest by early next week.

[Mukesh Goswami]

Thanks. will wait for your reply

[Safal Suri]

Hi Mukesh!

 

I'm out of town for the weekend. Have arranged a meeting with Kessel Valley sales manager for Tuesday. Will update you once I have their version of developments that have already taken place and those are projected to take place.

 

We can later dig further.

 

Cheers...

 

Safal

 

----- Original Message -----

From: Mukesh Goswami

To: ye...@googlegroups.com

Sent: Wednesday, August 12, 2009 5:33 PM

Subject: [YEIDA:379] : Re: Reply.... Jitendra / Arnab

[Mukesh Goswami]

Thanks Safal for all your help, Looks like GN area is booming with serviced apartment ..just came across with Vardhman Divine i Valley, Ansal's Metropolis etc...

 

Does this indicate that GN, YEIDA may be a next IT/ITES Hub or so.

 

REgards,

Mukesh G

[Safal Suri]

 

 

Hi Mukesh!

 

Too soon to predict anything about YEIDA.

 

However, there is increasing activity on Noida - Greater Noida Expressway (Noida) and Knowledge Park I, II, III and Tech Zone (Greater Noida), and it is safe to predict that coming years will see exponential growth in IT and ITES activities.

 

I have no doubt that in next 7-8 years this stretch will easily take over Gurgoan as largest IT hub in North India.

 

As far as IT is concerned... I will place NOIDA on top... closely followed by Greater Noida. For now, Yeida is a long shot to call... I would rather wait for few years before digging fingers in the mud.

[jitendra]

No activity since a long time. No news, no rummer? Any increase/
decrease in number of plots? Any new change in draw date ? No of plots
(or timing of the scheme) in GNIDA schemes etc.....

Jitendra

[Safal Suri]

:))

Surprising... isn't it?

----- Original Message -----
From: "jitendra" <jitendr...@hotmail.com>
To: "YEIDA" <ye...@googlegroups.com>

[ArnabMukherjee]

To keep Jitendra busy, let me throw him some news article listing the
companies, which surrendered allotted plots to NOIDA/GN/YEIDA.

1)BPTP applies to Noida authority to surrender biggest land deal
http://www.livemint.com/2009/02/04213147/BPTP-applies-to-Noida-authorit.html

2) Ansal, Omaxe, Eldeco seek to surrender G Noida plots
http://www.mydigitalfc.com/companies/ansal-omaxe-eldeco-seek-surrender-g-noida-plots-432

3) DLF fails to buy prime land plot in Greater Noida
http://www.mydigitalfc.com/news/dlf-fails-buy-prime-land-plot-greater-noida-325

The grapevine is BPTP is owned by Robert Vadra (google it up if you
dont know him). What DLF was for old Gurgaon, BPTP is doing the same
thing for Nehar Paar FBD.
So this year has been bad for Noida Auth. / GNIDA and YEIDA.

[Bhaskar Pathak]

Ok. Let me do my bit to revive the argumentative Indian. Did anyone
else remember a news item published sometime back quoting Lalit
Shrivastava that Noida authority will mortgage a plot of prime land in
order to raise capital for YEIDA. If yes then would someone(Arnab,
Safal!!) throw some light on its significance.

On Aug 19, 11:16 am, ArnabMukherjee <arn...@gmail.com> wrote:
> To keep Jitendra busy, let me throw him some news article listing the
> companies, which surrendered allotted plots to NOIDA/GN/YEIDA.
>

> 1)BPTP applies to Noida authority to surrender biggest land dealhttp://www.livemint.com/2009/02/04213147/BPTP-applies-to-Noida-author...
>
> 2) Ansal, Omaxe, Eldeco seek to surrender G Noida plotshttp://www.mydigitalfc.com/companies/ansal-omaxe-eldeco-seek-surrende...
>
> 3) DLF fails to buy prime land plot in Greater Noidahttp://www.mydigitalfc.com/news/dlf-fails-buy-prime-land-plot-greater...

[arnab mukherjee]

Bhaskar,
I did not read the news you mentioned. Could you send us a link ?

Take care,
Arnab M

[Bhaskar Pathak]

Arnab,

It was published not long after the scheme was announced. The time
gone by and my habit of reading all major national dailies makes it
rather difficult to locate it now. However I remember reading the news
article very distinctly.

Regards
Bhaskar

On Aug 19, 4:19 pm, arnab mukherjee <arn...@gmail.com> wrote:
> Bhaskar,
> I did not read the news you mentioned. Could you send us a link ?
>

[Safal Suri]

 

 

Hi Mukesh,

 

I am now in contact with the right person for Kessel Valley project. Please call me on 9811182828 and I'll give you his number so that you can directly speak to him.

 

Cheers...

 

Safal

 

 

 

 

----- Original Message -----

From: Mukesh Goswami

To: ye...@googlegroups.com

Sent: Wednesday, August 12, 2009 5:33 PM

Subject: [YEIDA:379] : Re: Reply.... Jitendra / Arnab