Saturday, August 19, 2017

DSK Defaults: Now homebuyers getting notices from lenders to pay pre-EMIs

This is double whammy for home loan borrowers as they are not sure if they will ever get possession of their dream house and yet had to meet to repayment obligations.

"DSK Aadhi Ghar Nantar Paise"

The financial anarchy at DS Kulkarni Enterprises is becoming messier day by day.

After defaulting on repayments to thousands of investors, DS Kulkarni & Co, a subsidiary of DS Kulkarni Developers Ltd, had stopped paying all pre-monthly instalments as per agreement for the home loan taken by buyers in its projects.

Since DS Kulkarni & Co has defaulted in repaying the instalments, buyers are being asked by the lenders to pay pre-EMIs within seven days that too when there is no guarantee that the project would be completed on time or no.

Read more at - Moneylife

This story reminds me of my blog on "DSK Aadhi Ghar Nantar Paise" offer in April 2015. I had warned homebuyers not to go for it. Here is that blog -

Pune Property Buyers, Hurry!
Turn Your Home into Private Prison Cell

Gharala Private Prison Cell Banavanari Manse!

Long long time ago, D S Kulkarni Developers - DSK - was known as - Gharala Gharpan Denari Manse.  Helping common man to become a homeowner was DSK's mission. Building homes which offer - prosperous & happy family life was DSK's promise.

Recently, DSK has changed his role. Now, DSK is working for housing finance companies. Not for the common man.

Now, DSK assists foreign owned finance companies. Like HDFC. Converting middle class Maharashtrian families into financial slaves of foreign owned finance companies is DSK's job profile.

Finance companies have high regards for DSK.  Mainly because - they have realized that - middle class Maharashtrian families are difficult to make financial slaves. Credit card, car, education loan are not efficient products to make them financial slaves. A home- is the only effective way to make them slaves. And these middle class Maharashtrian families love to buy a home from DSK. Obviously, DSK is their best bait to catch the slaves.

From political & religious regimes, finance companies have learned a lot -
1)  You can not use force to impose slavery.
2) You have to create a situation which will motivate free human beings to accept financial slavery.
3) Financial slavery should have social acceptance & respect.
4) Financial slavery should become a way of social & political life.

More than any builder in Pune, DSK - who has strong bonds with middle class Maharashtrian families - is more efficient & effective in convincing them that financial slavery is a way of life. Aadhi Ghar Nantar Paise - is nothing but a new way of life.

By the way, there is no risk. If you fail or find it difficult to pay your home loan EMI -  you can increase your loan tenure to 30 years. You can refinance or restructure your loan!

Don't worry! No one is going to send you to prison cell. Because, your home itself is your private prison cell.

Tomorrow, 19th April 2015 is the last day of DSK's Aadhi Ghar Nantar Paise" event. So, hurry! Join the new way of life!!

DSK Aadhi Ghar Nantar Paise

Related Stories:

12) DSK group’s crisis is likely to affect Pune’s real estate market

11) DSK in turmoil: Pune investors want builder’s passport seized

10) Why DSK must be prosecuted under MPID Act

09) Probe DSK under MPID Act

08) Vijay Kumbhar exposes DSK of D S Kulkarni Developers Ltd

07) Sonu Tuza DSKvar Bharosa Nay Kay

06) DSK is struggling to get his ducks in a row

05) Investing in DSK Dream City Pune

04) Is D S Kulkarni Developers offering 25 per cent discount?

03) ROFL! DSK's Master Plan for Home Loan Free Life!!

02) Pune Home Buyer, Hurry Up! Make a Fool of Yourself!!

01) April Fool

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