(below email "Save the
IT People from Debts" was wonderful and we should go through it and
also forward to all our friends)
Real Estate price hike is known
open robbery from IT guys by brokers / whoever it is and it's not only
Flats / Real Estate, IT guys undergo open robbery from all rich shop owners
/ a person who wanted to become rich as fast as possible...
The salary whatever we get,
it's our hard-earned money, most of the times sitting in the night, away
from family functions, friends, etc...but all our money or most of the
money are going to someone who just takes advantage of our stressful life
(both mentally and physically) and our new western life style.
I do not find anything wrong
in having a US / UK life style, but many open thieves (starting from Ministers
to our local Restaurant owner) just swindling all our "legal money"
and as we do not have any other choice becoming poor / debtor day by day.
Well most of the price hikes
are just unbelievable and there is absolutely no justification (few examples
Chicken Biriyani (Karaikudi
3 weeks back) - Rs. 65
Today (since last 2 weeks) same
Karaikudi Chicken Biriyani (believe me, there is absolutely no change)
- Rs. 78, there is no justification for such a big increase.
Pop Corn (Sathyam Complex) previously
(month and half back) - Rs. 20
Today (almost the same quantity)
- Rs. 30 (again, i do not find any justification)
Corn in Garuda Mall previously
(month back) - Rs20 Small, Rs 30 Medium and Rs 40 High
Now, No "actual"
small and real small has become 35 now and 45 for high... [Are they the
farmers who have given their blood to grow this ]
(In Sathyam complex, many price
hikes are really too much for no reason...)
Chips packet (Gangotree) previously
(three months back) - Rs. 15
Since last two Months the same
packet costs - Rs. 20 (again, I do not find any justification)
Room Clean (just once) - Rs.
200, that's bcos they cleaned IT guys room.
(The moment you say that you
are from Software company, the price automatically increases...)
We guys already pays big taxes
from our salaries and goes on paying other taxes too (starting from Hotel
Sangeetha "Vadai" to Scotch in a bar), it's time to think and
pledge ourselves that we stop spending just for one month...
Reason(s) why we should stop
spending alteast for a month:
1. 70% of the
IT guys occupies the restaurants.
2. 80-90% of the
IT guys goes to coffee shop, hang around places, bakeries, etc.
3. Most of the
IT guys goes to Sathyam complex, Movies
If we stop going / spending
just for a month, their business automatically goes down and they would
have no other choice except to bring down the price, that's what happened
when IT industry was down three years back.
Somehow directly or indirectly
we are responsible for this unjust price hike and now, only we could prevent
this open robberies, please add your comments or experiences and keep forwarding
this email to all your known people, I am sure even if 25% of us realizes
and acts accordingly, it could and would make lot of difference to us.
(let's try and prevent unjust
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
--> No Same Scheme/Area
, Flat sold at 10 Lacks Now selling at 25 Lacks .
Why Property increased so High ?
--> IT people competition
to buy sweet home ..
Who is going to Benfit from this Property Boom ?
--> Only Builders and some
of the Politicians
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
(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
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 .
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
Is there any "Terms & Condition or Processes to increase rates"
--> No , Depends on Buiders Greediness . Every builder follows the different
Builder sold one flat 1500 Per Sqft in Morning and 1800 Per
Sqft in the Evening ,
There are no records
Q. Who made builders smart
& greedy ?
--> Greedy IT people ..
No body is asking , Flat
was sold at 12 Lacks , Why now 24 Lacks ?
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.
.. Under Table ,can be managed easily .
What will be the condition If We are not able to Clear the Loan ?
--> Depends on individual
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
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.
- Rs. 40 per sft.
EB and drainage
- Rs. 50,000
Covered Car park
- Rs. 1,25,000
- 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
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 =
Construction cost per sft (
for normal specification) = Rs. 900 per sft
2) Total construction cost
- 10,000 * 900 = Rs. 90,00,000 --------------
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)
= Rs. 3.76 crores - Rs. 1.72 crores
Total profit of the builder
= Rs. 2.04 crores.
Let us see the share of
1. Cost of land = Divided
share among the other 10 residents
= Rs. 80,00,000
= Rs. 8,00,000
2. Construction cost = Rs.
900 * 1000
= Rs. 9,00,000
3. Other expenses
= Rs. 2,00,000 ( approx)
= 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 think about 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
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 .
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.