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Showing posts from April, 2010

A Building opposite Daulat baugh

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called Om Sadan, is the beautiful looking building by Supreme builders. I spoke to one of the members who said that an apartment in the building costed her around four crores. Initially there was three story building which now has nine floors. There is one appartment per floor. After giving apartments to the present owners per floor, the rest of the apartments were sold off at market price. Anyways, what that person told me is that she bought the house in four crores and after one year of its occupancy, she has an offer of seven crores. She is planning to sell off and go look for another house and invest the money for comfort. whoop! three crores profit in just one year!!! something to think about.... good enought reason to go for redevelopment. even if you decide to stay in the new apartment for a year and then decide to sell, you still make a good profit Now tell me, in which bank will you make a profit of three crores in just one year??? shouldn't we go for redeve

It’s been three years of indecisions

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I know its summer holidays when I hear the children playing down in the compound. Daulat Baugh had always been a playground for all the kids of the 36th Lane. I have beautiful memories of my childhood in this building and I would never want to go and live elsewhere But now it is 50 years old and it is in a very bad shape. My heart bleeds. We need to decide fast, want renovation or go for redevelopment. Renovation will cost lotsa money, and I am not willing to invest in the building where the renovation might last only for next 5 years and the we will be to back to square one. I am all for redevelopment, for a very special reason that I am not getting younger and find it difficult to climb two stories. Redevelopment means a shiny building with 2 lifts, a modular kitchen and bathroom with touch of class plus extra space of 33 percent. I think it is a good bargain for everybody in the building. A new building will also upgrade the value of the house, since it is in a prime location.