@theskindoctor13 One, they can keep MDR fixed. Not a %.
It's not like there is some more database CRUDs happening if the amount is 20k instead of 2k.
Second, keep the amount inconsequential. For now keep it low. 10p per transaction or lesser.
3rd. Everyone making the payment bears this.
@jhakaasjungli@VishalBhargava5@RoadsOfMumbai What if the construction stops midway?
Financial crisis, war, earthquake, crime at the site, etc.
That's construction risk.
If the developer is investing 100%, the risk too is 100% his.
If you've paid 25%, he has offloaded 25% of the risk on you.
@jhakaasjungli@VishalBhargava5@RoadsOfMumbai Whether you fund the purchase through savings or a home loan is your decision. The developer primarily cares about receiving payments on schedule. Which would be 100% upfront if the flat is complete, also higher emi due to higher flat value.
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@jhakaasjungli@VishalBhargava5@RoadsOfMumbai You can wait until completion, but you will usually pay more for the certainty of a finished flat. Early buyers help the developer de-risk the project through pre-sales, so they are offered lower prices in return for taking construction risk.
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@jhakaasjungli@VishalBhargava5@RoadsOfMumbai A well-funded developer can hold inventory; a leveraged one facing interest, construction or repayment obligations may discount heavily. So the 50% or 300% multiple is ultimately the price at which the developer’s urgency meets the buyer’s willingness to pay.
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@jhakaasjungli@VishalBhargava5@RoadsOfMumbai Cost doesn’t mechanically determine the selling price. The market sets the broad range, but the developer’s cash-flow position often decides where within that range a deal closes.
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Brown Sepoy of the Day: Medha Patkar
For decades, a specific "activist" ecosystem has stalled India’s growth under the guise of environmentalism and human rights.
Today, we break down the controversies, FIRs, and anti-development legacy of Medha Patkar.
A thread 🧵👇
We have said this earlier. Unaccountable social media and a culture of virality seeking is damaging the idea of reality itself. If a bunch of self promoting narcissists are going to decide our reality backed by all power algorithms, then the very idea of civilisation is in question.
@BakhtarTushar@VishalBhargava5 Two parts.
1. Proximity to the aerodrome gives me only 11 floors above ground due to height restrictions and I need all of it realise maximum FSI potential.
2. 10 mtr basement is enough to have 3 levels of parking and 1 level for services.
@rhishilakhote@VishalBhargava5 Yes, you're absolutely correct. but more often than not these sized plots fall in the narrow plot category and may be eligible to reduce their parking requirements. So a simpler puzzle/stacked parking system may suffice instead of an automated solution.
@VishalBhargava5 Yes, I agree. But in this project, due to its proximity to Juhu aerodrome, we have to design a 10 mtr basement 😢. And that increases the temporal costs of the project (financial can be absorbed). Also, as per current laws no ev charging in basement. But still better than machine