This may be the House of your Dreams!

1. This may be the House of your Dreams! Read till END, this can save your Lacs of money… Classification : Confidential

2. Guys there will be a big slowdown in 2008 all over the world. In USA 17,000 People have lost there job in Jan 08. No doubt India will also suffer this effect. It will directly affect IT industry. Think before every penny you are spending. Survey’s shows that IT People spends unnecessary more money than any other professional. Plan your 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 your 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

3. Start of Slowdown Y2K2 Guys TCS ranks in top 10 global IT firms, IT leader not only in india but in asia so its management is not FOOL to cut the salaries, they have the idea of slowdown. Classification : Confidential

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5. While Purchasing a flat of 40 Lacs you are paying exactly 80 Lacs in a tenure of 20 years. Fact…!!! Think for future In future if you loose your job then how you can pay the EMI of 30 - 40k. No Doubt after 5-10 yrs if these types of slack comes. Which we already experienced in Y2K. News headlines will be like “abc IT professional suicided due to burden of banks for Housing loan” Its a future call guys…………. Classification : Confidential

6. Why IT peoples are going for flats. Why don’t you people try for co-operative societies. If you go for societies u’ll get flats in 15 Lacs, as good you need.! & 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 than 50 yrs So buddies why you are paying 50 Lacs for 50 yrs. 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

7. Wat for u r going in Barista n CCD’s they are taking You 50 Rs for coffee of just 10/- I can surely say that Due to only IT ppls n some hi-fi customers. As they are getting customers they will surely keep prices high. Don’t go there…….Let them get down the prices. Realize customer power ……………. They can change everything…… wat they want Classification : Confidential

8. Warning ! Save your self and others from Builders & Bankers hunger of money… Yap I want to buy house but can’t…. Classification : Confidential

9. Everybody has a right to dream & fulfill it but….. Builders increasing their profit to 60% Their hunger of money ruining our dreams Banks taking advantage of demand 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, stay in rented house for whole life Or get united stop buying house for a year to give them lesson till their rates cum down to save their bread & butter 7% -11% increase, is this tolerable “advantage of helplessness” Classification : Confidential

10. NoCinemas, 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 ? --> OnlyBuilders ,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 year .   IT People Who bought house for 22 Lacks  for 20 Yrs , Now became 28 Yrs with raise of   4.0 % Classification : Confidential

11. 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 be managed easily . Classification : Confidential

12. 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

13. 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     -------   ATotal 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     -------------- B3) 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 croresTotal 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. 8,00,0002. Construction cost = Rs. 900 * 1000                                = Rs. 9,00,0003. 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. Classification : Confidential

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

15. 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 khao..”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 lootify people… Classification : Confidential

16. 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

17. It’s the start…………….. Thank you Please read it and circulate as much as we can. Classification : Confidential