STEP # 1 Google group formed - weaverbirds!

As majority of emails I have are Gmail and my better understanding of Google products, I have created Google group which I hope shouldn't be a problem except few who might have to register with Gmail ID. So, here we have Google group to begin with and I have added almost all those who responded to my earlier posts (with few exception of not opted to be added directly as members) and shown willingness to join. Thank you Aditi for valuable inputs and suggestion.

I'm going to put a simple no cost advt in online portals with our land requirement and will keep you updated. But before that I would like to share and finalize with your comments the MISSION STATEMENT which I believe is very critical when we go out in market for something different like this. The very first question anyone (landlords, brokers etc) likely to ask is - who are we and what are we going to build / archive. Isn't it? That clear understanding gives an good impression and confidence to them that you really can cut land deal and have strong group of like minded people with you.

With all these, my lawyer relative-cum-best friend suggested to have some common guidelines which will protect a common interests and trust people have shown. I will share some simple (not complex like Credit card :) ) guidelines which members need to accept.

Again thank you for joining the mission and feel free to let you friends, colleagues and relatives know and to join the group.

Finally, myself and my wife are very excited to see ourselves getting closer to that dream. Again welcome to Dream home owners club!

Buying Vs Renting - a very simple maths

With this very well managed campaign of economy coming out of recession and situation improving, many of you must have started home search and few of them may have even bought thinking yet another lifetime, now or never opportunity of real estate.

Undoubtedly, economy going down and rate of fall has been slowed down but it doesn't mean it is heading towards another boom. Many commercial media houses (ET,PT, TOI blah blah) may be shouting aloud but it’s simply because of economy of revenue from these plays (Builders, promoters etc) and nothing else!

If you are much worried that you will miss another tide or a bus, then I would suggest to think over about fundamental notion of Buying vs. renting. Is the artificial rate rise giving you sleepless nights? Take a time to see couple of videos (links below) and do simple math yourselves and you will surprised to know how the nexus of banks/builders is trapping middle class and how much we end up BURNING hard earned, after tax money. I understand the sense of joy, pride and accomplishment after owning the home , but hey - is that the only single most important thing you wants to achieve and expect in life? I can go on and on but i'm sure these couple of videos will give meaningful insights.

Renting vs. Buying a home

Renting vs. Buying a home (Part 2)

Renting vs. Buying (detailed analysis)

Lets get started!

Now that you all are convinced and somewhat understood that we can do it ourselves. So before laying detailed map and nitty-gritty, I would like to start with group formation. Friends, followers and believers of Housing Self Help group, I’m confident that with word of mouth publicity, many more will join and will be part of some group as per are preferences. So far in short time of 20 days, I have received 10-12 invitations to join the group. I see majority of the interested are for Baner / Balewadi area but anticipating the wide diversity of city and diverse population, I just don’t want this to be limited with just particular location or my preferred area. Instead wants to have voting on area preferences and would not be surprised if we end up with multiple area groups. Considering the wide range of municipal boundaries, we will start with 3 options opens to begin with. These are: - 1. East - Kharadi, Hdapsar, Wagholi and near Amanora , Magarpatta, Manjri
2. North West – Baner, Bavdhan, Pashan, Balewadi, Near Hinjewadi, Wakad
3. Pimpri Chinchwad - Akurdi, Nigdi, Pimple saudagar etc

Please select overall preference of location and also specific area inside comments if you have