Resale Home Buying - A few Tips

Although I am not a very real-estate savvy person, but I did get some hang of it in the whole process of buying a flat in Pune, and a very long process it indeed was. It was property resale, and from finalizing the property to the final registration, it took about 3 months. Here are some of the key learnings in the whole process, including property search:

• Property search is a tedious task and requires lot of time and patience. The guiding principle is to not compromise on a few key things you want from your home, and be sure of that. Eventually you'll find what you are looking for. (That's what my wife says, and I trust that, as search was mainly her department :P ... I reviewed once we had a shortlist, then we both reviewed many times and we mutually decided).
• If you care about vastu, hire a good vastu consultant whom you can trust and who is not very expensive. A good knowledgeable pandit, for example. Professional consultants are very expensive...
• Don't shy away from brokers, but beware. Brokers control access to a lot of the inventory out there. And you can't do away with them. Focus on the larger battle and don't worry too much about the brokerage expense. It is better to be clear and upfront on it, though. Make sure the broker agrees to the 1% norm even before he/she takes you to show any flat. And make sure the broker looks confident enough to facilitate the whole transaction, once you finalize your target.
• Ask and agree on all other expenses during the transaction and who bears what. I've had the following
• Society NOC charges - borne 50-50 by buyer and seller
• Other charges on paper-work by Society Office - buyer
• Lawyer fees - buyer
• Electricity Bill name change - buyer
• Property Tax name change - buyer
• Stamp Duty & Registration charges - buyer
• Everything else, and I know I'm missing many - buyer :-)
• If it's the first time you are buying a resale home, or any resale real-estate for that matter, better do engage a broker to handle the entire transaction and related formalities. While the agreements can be in English, a lot of documentation in Maharashtra, especially the Index-2 and stuff like that in the registrar office are in Marathi and if you don't get it, you better have someone handle it for you. Make sure the guy is well-versed with the entire process, and also has connections in banks to help you with your loan application.
• Banks need to review a lot of documents for the property to approve the loan. So it is wise to get a list of the required documents from the bank while you are searching properties. And when you are agreeing to buy the property, do check with the seller on the availability of all the documents you need, as per the list.
• Brokers need to be pushed and questioned. It is true you are paying the guy and he needs to do his job. But the brokers have a habit of overcommitting with confidence like you see nowhere else, and forgetting it altogether. Brokers also tend to get unreachable at times when you need them the most. They are frustrating, they are terrible and they don't care. And you have to pay them. So, although it's some sort of a paradox, don't trust them completely, nor rely on them. Figure out what's needed and be on top of everything.
• Keep xerox copies of every damn paper that you come across or create in the process. You will end up with a huge bunch of paper, but keep that safe.
• Lastly, and most sellers don't know this, and most brokers don't tell this during initial agreement between buyer and seller - 1% of the whole deal value (excluding stamp duty & registration fees), i.e., the cash which the seller gets, has to be paid to the mighty Government of India as TDS. This payment has to be done by the buyer and he/she has to deduct the amount from the total cash he/she pays to the seller. The payment can be done from NSDL website. Read the FAQs here. Quite a few important things to note here:
• This applies for properties with value greater than 50 Lacs INR
• The buyer is responsible for making the payment
• The buyer is responsible for downloading the form 16B and handing it over to the seller
• The buyer has to deduct the 1% TDS value and pay only 99% to the seller
• The seller can use the form 16B to claim tax exemptions
• This is a legal / statutory / whatever requirement, and not doing it can get you into trouble
• It is better to bring it up initially, i.e., before agreeing to buy the property, to make sure the seller accounted for it when quoting the price
• It's a recent rule and may not apply a few years later... so check for similar things that apply in your times... this is for readers of this blog a few years later :-)
• And do keep this in mind - you will definitely end up spending more money than you thought or budgeted for... so keep a few lacs handy, over and above whatever all likely costs add up to, while agreeing for the transaction.

All the best!

Ishita Bhalla ki kathaayein

There was a dog. Its name was Bosco. It used to run here and there after every car on the road. Then one day it found a car it liked on CarTrade.com. Bosco wanted to buy it, but it needed permission and money from its owner - Ishita Bhalla, wife of Raman Bhalla. Bosco never liked this concept of being owned by a human, and wanted to start a movement by all dogs and bitches to demand equality with human kind. But all other dogs were too loyal to their owners to support Bosco. Not that Bosco was not loyal, and not that Ishita tortured Bosco or anything. Just that Bosco was too much of an intellectual to accept being owned by someone. Anyway, Bosco went home to talk to Ishita and also grab a meal.

Ishita and Raman had been married for quite some time. They had 2 kids - Ruhi and Adi - from Raman's first marriage. Ishita loved Ruhi and Adi like her own kids. She loved Bosco also as her own kid. Bosco, Ruhi and Adi called her Ishi-ma. They all lived in Delhi, near the giant Hanuman statue.

Bosco reached home and went running to Ishi-ma with Samsung Galaxy Tab hanging by his neck. He wagged his tail and shook his head so that Ishi-ma noticed the shaking tablet. She did. She quickly unlocked the tablet and saw the open window, which showed the car on CarTrade.com that Bosco wanted her to buy for him. She bought it. The car was delivered the next day. Bosco picked up his gal friend and drove around in the car in Delhi.


Bosco wanted to marry his gal friend and settle down. He drove to India gate, stopped the car and proposed to his gal friend. She said yes. But had only one condition - that after marriage she and Bosco live with Ishi-ma and Bhalla parivaar only. Bosco couldn't ask for more. They didn't kiss, they subconsciously decided to save it for long after marriage, coz in Bhalla parivar, even making out after marriage somehow doesn't happen very naturally, spontaneously, regularly, frequently and soon. But who wants all that!

Everybody loves Ishita. Ishita loves everybody. Ishita is the best. She is mother India. She is Ishi-ma.

Entrepreneurship | Technology | Innovation | Collaboration

So many people are starting companies these days that I am beginning to feel some sort of global peer pressure about starting up. May be there is too much money floating around through a bunch of crazy billionaires that's fueling these start-ups, and may be this is the right time to get a share of that excess money in the world, and thereby make some fortune by pretending to be building some next-gen super-shit. But still I am not able to clearly figure out (a) whether I should do it, and (b) whether I can do it, and (c) whether it is really what it looks like.

The 3 most abused words of this generation are - Entrepreneurship, Technology and Innovation. This is how they are defined these days:

• Entrepreneurship: Doing any shit that is not a salaried job
• Technology: Anything that has anything to do with smart phones and similar devices
• Innovation: There is so much of it that some people literally innovate every second in whatever crap they do. Perhaps there should be an internationally certified authority appointed by the American President to qualify an activity as innovation. (You cannot trust any other heads of states or organizations you see. The American President is sent by God. Also I cannot mock any Indian leader here, coz in many ways they are Gods themselves, and can torture me if I angry them :P.) In fact the sales and presales teams of most Indian IT services companies have ready-made powerpoint slides on how innovation comes naturally to them and is ingrained in every little thing they do. Doing things without knowing much of what and why they are doing also requires innovation built into each individual in these industries! There are also ideas thrown around on how they generate innovative ideas in large volumes like little products in factories - where the product is in demand and the factory is running.

I hear a lot of these so called technology/eCommerse startups are making huge losses by selling stuff very cheap. They run and survive and compete on funding, so I hear. Therefore, it makes a great sense for me to be diverting all my consumption to be sourced from these, so that I decrease my own spending, by playing a part in increasing their losses and pulling a share of all that money which is getting invested.

This thought often leads me to the conclusion that one is better off as a consumer than someone running a company that all want to consume from. And the present times seem great for a middle-class consumer in India. But then, it doesn't necessarily have to be an either-or situation - i.e., one can be a voracious consumer, and at the same time run a company that everyone wants to consume from. But this makes sense only if the guy is making the kind of money that makes it worth all the effort and also enough to consume like crazy, in spite of the losses the company is making. Perhaps he/she does. I know a lot of people would argue that such things are not always done for money and there are other kinds of achievements - intellectual and other blah - that may be more motivating than the money that may or may not be made. And that the stuff starting-up teaches you is beyond what anything else can ever teach. And I agree with all that. But it still doesn't totally help me make a choice.

On another note - a question - is this life meant for going on learning things? I often hear people say - I hate this job coz I am not learning anything - I am okay with any job as long as I am learning - I want to learn - etc. etc. I think they lie, coz there is always something you will learn. The issue is whether you want to learn it or not. And honestly, I don't think we all want to keep learning all our lives. Too much learning either frustrates or bores or intimidates most people in jobs, and they start looking out for job change or may even quit without one. Learning is a necessity to survive in this ever-changing world, rather than a choice. And we cannot take it beyond a limit. We all have areas where we want to learn more, and areas where we don't enjoy learning anything at all. We lie either to motivate ourselves or to fake looking motivated. What do you think?

Of course, there are exceptions coz the world is full of them. My point of view may be biased by who I am and may apply only to people like me - that's how all points of view are, and are therefore not correct representations of reality. And so, share your views and let the reality be built through collaboration (another highly abused word) :). But then, collaboration here is limited to the number and kind of people who read this post! So, reality, as stated, will always be skewed. Share your thoughts, in any case...

Make in India

I am glad that through my blog I am contributing to "make in India"! How? This blog-site is owned by an American company and hosted god-knows-where, but the content for the blog is totally generated in India. With Modiji promoting make in India everywhere, I think we also need to creatively propose what all can be made in India. We are a nightmare for manufacturing hard stuff and shipping them to places in the world, given the pathetic state of infrastructure in the country. But the official make in India seems to be focussing on just that... check out the makeinindia website.

I therefore think we need to look at alternatives... something else needs to be made in India:

1. Babies - We make them most here... and the best ones... I guess we have the right warmth and oxygen content in the atmosphere to get the best stuff to right places... Come here and just do it... deliver kahin bhi kar lena... This in other words would mean promoting tourism, luxury hotels, Osho Ashram, exotic destinations, nude beaches, etc. etc. - whatever makes the mood.
2. Manure - We have more living beings in this country per square unit of area than anywhere else in the world. And together we make more shit than anywhere else. And earth's getting so hot, we need to grow more trees. Come here, collect all this shit and process it to make manure. I am sure we have enough shit to cover all the rest of the world. And believe me, this is very fertile shit, but we are short of land in India to spread it and grow trees over it. It's just that our shit has not been able to cross our shores because of VISA limitations - we have been sending people out to spread the shit, and that's damn inefficient. And our animals are getting no opportunity. Let's manage logistics better and get the shit out. I can assure you this shit will convert deserts to dense forests.
3. Movies - We manage to make a lot of good movies, more than anyone else. From Slumdog Millionaire, the west has seen that India offers a different look and feel in movies through its filth and poverty. We have good amount of it which they can exploit a lot more. And once they get bored of it, we have the modern India as well, which is also pretty decent, and Indian movies are doing okay to showcase it. By carefully taking care of what's coming in the camera frame, we can get views like the west in many locations in India.
4. Textiles - (This is already part of the official make in India campaign, as per their website. But, what the heck, I'll still talk about it :P.) We have our styles of clothing, exquisite textiles and are pretty good at making those. Try Indian clothing - it's really cool. And besides, we have also accepted and adapted all kinds of fashion in the world. We can make everything for you, and for quite cheap. Add some premium for quality and invest a bit for quality control. Raw material is not a challenge for us in this sector. Local logistics before export will still be a challenge, but I guess it's not as bad as shipping machinery. 
5. Problems and Solutions - This one's our USP. We have so many educated young people here without anything challenging to do, and yet alive and breathing - so hungry. And all quite intelligent, analytical and argumentative. We can design academic problems for you - all subjects, all topics. And since the rest of the world is getting dumber and dumber in theoretical academics, we'll also give you solutions to those problems. We're not like cruel Resnik & Halliday who only gave answers to odd numbered problems; nor like I.E.Irodov, who wrote a whole book of problems but never cared to write one with solutions to those. We are kind and we understand that a book of problems is useless without answers to all questions at the back of the book, and another book with solutions by the side.

The above list is only indicative, and there is a lot more we are good at which the white guys can leverage to make in India. But it doesn't look like Modiji is thinking about all these things. If he's only thinking about manufacturing of machines / parts, we are going nowhere. If he's thinking of all the other things we can make, we will take the world by storm!

work, leaders - a few thoughts...

Most of us carry on with our boring meaningless jobs. And yet motivational media continues to talk about pursuing meaningful careers, doing what one wants and all that shit. Perhaps it's an illusion which if adopted, can motivate us to carry on with hope and optimism. Like God, it has the power to make us do stupid things in hope that something better will come out of the stupidity.

 

Belief in God is a fundamental necessity for most humans. For some of the rest, the belief simply does not make sense. And for the remaining individuals, like me, even the concept of 'sense', as we know it, does not apply to these things and therefore, choosing to believe or not believe is simply not feasible based on any rational explanation. I've written about it many times, so will not flaunt my agnosticism again. But brought this up to draw parallels with one's trying to find meaningful work or meaning in work or building meaningful careers.

 

I am not sure exactly when I wrote the above two paragraphs... may be some time last month. However I totally don't have any memory of writing these. I just found this now in my drafts. Happens with me often, when I look back at my old blog posts, I often cannot recollect having thought and written down all that shit past 10 years! But I do think I did a good job making sure they survived this long and will last forever if internet and the content on it can be trusted for its longevity.

 

Going back to where this post started, it seems to me now, that as humans evolved, and so did leaders among humans, the part where the leaders motivate other humans to work became the most critical aspect of leadership. Deep down, the purpose of leadership is to make sure the show goes on. And the biggest show on earth is our human civilization. The illusion of building something meaningful and in turn achieving something meaningful out of it is necessary to keep leaders motivated. However most followers are motivated by lesser incentives, like staying alive. These respective motivations are probably instinctual for both leaders and followers. Their respective concepts of rationality are built on top of basic framework defined by what drives them by design.

 

I am wondering whether the above line of argument leads to the conclusion that leaders are born, but cannot be made. I am not sure. Depends on whether some of these instincts are natural or can be built through nurture when the mind and personality are taking shape. I don't have sufficient information to derive a logical conclusion here. And also, to classify all humans into 2 groups - 'leaders' and 'followers' - doesn't seem very right... There must be many more types, and it might just be the limitation of our language that we can't identify shades of gray, and shades of all the other colors possible.

Thoughts meander like a restless wind inside a letterbox

Am in Go Air flight G8/284 from Pune to Bangalore... I must say, and mean, Bengaluru... A good hour and a half to work on a blog post. Thanks to this blogger mobile app, blogging on the go is quite convenient... Am surprised I said that, coz the app has been around for quite some time, yet I've not been more regular on the blog... I guess laziness does have a degree, but convenience is not one of the parameters it depends on.

I realized just now that this blog completed 9 years recently. Although it has changed hosts from o3.indiatimes to livejournal to blogspot, sochvichaar has always been the same in nature and character, and grown in volume, although very slowly in the past few years. It has taught me how to put my thoughts together. It has even taught me how to think. But the kind of thinking I do here is of little consequence in the small part of the outside world where I am struggling to make a living. Where expressing thoughts is difficult, coz they are not really respected. But ironically, you are encouraged to think and blamed for not thinking. And when you think too much, you get a kick on your ass. Where there are good thoughts and bad thoughts. And where one is also not supposed to waste time thinking. And some people claim to know what anyone is thinking, and they also decide who is clueless... And they must be right, as a clueless man would also be clueless about his cluelessness... So someone who has clue should be trusted. It's crazy, I think.

But the beautiful thing about thoughts is that they are yours, your own. And it doesn't really matter whether the world cares about them or not, they are still your own, and they define you. Although it is indeed true that most of us want the section of the world that matters to approve our thoughts, just to feel normal, we still have our thinking and it makes us who we are. And thinking is what we do and what makes us do what we do... To say anyone is not thinking is to say he/she is not alive. "Thoughts meander like a restless wind inside a letter box... They tumble blindly as they make their way across the universe" - the Beatles wrote.

Too much turbulence... I went to pee thrice and was sent back on the first 2 occasions saying the seat-belt sign was on! In all this tension I missed the snacks. I had planned to eat samosas with coffee, get a receipt and put for reimbursement - official trip you see... But... Sad, this free meal wasn't mine... Don't want to call the girl back... I'm too shy to speak out of turn with an air-hostess! Let this plane land... Will definitely grab something at Bangalore airport...

Someone just figured out there was no big bang... That the universe was always there. Quite possible. Why should something have a beginning? Probably coz of this thing called time that has to be accounted for... Beginning and end are built into our existence, and being part of this framework, our thinking is bound and limited to what we can imagine. It works fine when we try to explain what we can see and feel. But for what's beyond, how should we go about? It doesn't feel to me like mathematics is the answer. It's something else.

Landed in Bangalore / Bengaluru. Bye for now.

Is there hope, still?

Happy New Year. I do understand it's not so new any more, but it was when I started writing this post.

 

I realize that people are gradually losing patience to read long posts, and the popularity of blogging has declined tremendously over the past few years making way for micro-blogging and stuff like that. I myself never liked reading long blog posts by readers of my own blog who expected, understandably, that I'd return the favor by reading theirs'; and also by writing some comments, which would prove that I did indeed read and also that the blog has some really interested readers. I find it quite difficult to focus for so long on long boring posts to figure out if they say something insightful. So, couldn't ever return the favor in the right manner. I often even find reading my own posts very boring. Writing is okay, it's just an additional task of typing along with what the mind constantly does anyway - thinking.

Of late I've been traveling a lot for work. And I've realized that Traveling is one of the most wasteful expense most companies incur these days, with complete belief that it is benefitting the company. Rather, the belief is expressed and owned by the very people - the top management - who themselves travel a lot and who make others travel... others - the middle management. The former probably truly believe that travel is benefitting some cause that is of interest to them. The latter are a mix of those who do it out of compulsion, coz their bosses have the belief, and those who do it with the belief. And there are also those in all layers of management who do it to have some fun at company expense.

I am one among the middle management whose bosses have the belief and who measure the effectiveness of an individual from the amount of travel he's done and the extent to which he has ditched his family and to which his family has given up on him. And I am being very ineffective in my job by choice. Or, in other words, I am unwilling to pay the price for seeming effective.

Jobs are full of shit. And I realize that each moment now, more than I used to a few years back, when I was less exposed to corporate decision making and greedy leadership opportunism. Lower down, in the early days of my career, it was more about hard work, quality job and honest day's work. Either that, or just fun. While getting paid, of course. Now, a bit higher up, it is about smart work, relationships and perceptions. And each word in the last line is a euphemism - for tons-of-bullshit. As organizations become huge, these things become more and more important as tools for the employed leadership to make merry from the huge riches the company is able to generate because of a mechanism of getting things done by smartly putting axes at the right throats and letting some blood drip, and create spots at the right places. And there is a layer of men whom the system rewards for holding axes and sporting wicked smiles while suppressing their giggles for private times. While their masks can generally be seem through, the axe is for real. And so is the death it can bring.

Sometimes I feel the world needs to be fixed. Humans need to be fixed. But if all this evolution and human civilizations have come to this, is there some reason for it? Are we more stable collectively as a species when we are a threat to each other? Is being civilized just another euphemism for being able to smartly lie and deceive while seeming to be kind and caring? Or is there still any hope for a different kind of world?