Friday, August 18, 2017

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

City-based real estate blogger Ravi Karandeekar feels that “this is the end of the old era and the beginning of the new regulated real estate industry”.

“With DSK starting the trend of mass booking at the launch of a project or at a special promotional event, he made it a practice of accepting booking amounts without any due diligence,” the Pune real estate watcher said, adding that this practice will now stop.

Well-known RTI activist Vijay Kumbhar said murmurs about a brewing financial crisis at this real estate conglomerate began surfacing about two months ago when he started getting calls during a session at RTI Katta, a public platform where people share their grievances and problems and find solutions by sharing information with each other.

Read more at - Hindustan Times, Pune

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  1. होत्याच न्हवत करणारी माणसे!
    घराला घरघर लावणारी माणसे!

  2. please read this article (कृपया हा लेख नक्की वाचा)
    *********** डीएसकेंच्या गुंतवणूकदारांचे आता काय होणार ? *********************

    ******** DSKDL public Limited Company or Criminal Enterprise? **************

  3. This DSK is just a tip of an iceberg. If you now see in the market, lot of builders have already gone into the shadows. Simply check the number of builders till 2014-15 & now in Pune. DSK was listed one hence so much of coverage is there. But we are already seeing slew of bankruptcy or on verge of bankruptcy in Pune builders, Marvel, KUL, Darode-Jog, Phadnis, Bhujbal, Naiknavare, Vascon etc. while other major builders like Paranjape are also feeling the heat.

    Building for non-end users is sole crux of the problem. Hoarders from Pune , Mumbai were major culprits alongwith IT yedas who were buying anything, anywhere & at any price.
    Now that the bubble has burst, people are seeing the true picture & how large scale manipulation had taken place in Pune real estate.

    More troubles for DSK as BJP MP Kirit Somaiya demands CM to inquiry into DSK's financial irregularities -

    Don't know why CONgress-NCP are mute spectators on such open loot by builders of innocent investors.