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June 27, 2009

Land developer stories

Filed under: bangalore, market — neosurya @ 11:16

I had posted an ad on craigslist and sulekha for residential plots. I was intending on finding a small corner of Bangalore to possibly build a little house, get a couple of dogs, a few trees, and possibly even a cow if I get too lucky. Just kidding. Such madness is not possible in nearby Chikballapur these days, forget Bangalore. While one does see an occasional urban tabela in BLR, it would be foolish thinking on the part of mere mortals to live amidst nature.

Anyhow, a few folks responded. Most were brokers, quite ok chaps, but several brokers who advertized properties at an industrial estate really stood out.

Guy: “Sir, calling from XYZ [ cosmos / elegance / greens / some other space age term]. We have nice properties near Electronic city”

Me: “How far from Hosur road?”

Guy: “Just 12 km, centrally located in Jigani indl estate.”

Me: “Industrial estate… Jigani… It is too far, I am not interested…”. (I kind of knew the location, and did not want to move there.)

Guy (Calls back next day): “Sir, I should let you know we have a special offer on this property and will give you deep discounts if you purchase before XYZ date.”

Me: “Sorry, the place is too far and is more for investment. I am looking for something to move immidiately.”

Guy: “There is excellent development potential sir, several new companies coming up. Very close to major companies. HCL has a unit there, Biocon phase 2 is coming up and several pharma companies have offices there.”

Me (Thinking): “Did you say pharma companies??? Nice. Do you know where they dump their garbage??? Ever heard of Bhopal?”

Me: “Sorry, I am looking for residential property and closer to clinics, gas company, schools or other such facilities. I am concerned that it is close to an industrial estate.”

Guy: “Sir, it is just 16 Kms from Narayan Hrudayalaya, 8 Kms from Spice hospital. You can easily get gas connection from electronic city. I must also let you know that I just spoke with my boss, he also says that there will be a clinic inside the layout itself.”

As the discussion proceeded with some of these folks, real cakes were coming out. For everything I would ask them, they would have yes as an answer. People are routinely mis-representing facts, right at the first meeting. I wonder what I would have said if I were in similar circumstances and had to sell that piece of land to satisfy my wants.


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