Token System Booking Good or Bad? | Real Estate Market Analysis | Beginners Guide | Pune Realty News

WHY TOKEN SYSTEM SHOULD BE AVOIDED:

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In today’s video we have tried to cover the topic on Token System. What is Token System? And on
what ground should it be avoided.

What is Token System?
The builder comes up with a conceptual project and tries to evaluate the pulse of the market by
announcing the soft launch whereby an Expression of Interest (EOI) is taken from the buyers.

When should it be avoided and under what circumstance?
Buyers need to understand that if the builder is of good repute with a strong legacy and has a fair
market share and presence then it is okay to go ahead with the Token System but on the other hand the certain builder discreetly uses the trust of the buyers by making them pawns to understand what the market wants and on that basis will make necessary changes on the project once RERA is announced. In this circumstances the builder creates a sense of urgency by giving lucrative spot offers which is very hard to resist as buyers will try to evaluate the project on the basis of existing projects which are tangible.

What happens next?
At the allotment day the builder will call all the prospective buyers to create a herd selling mentality
whereby under pressure some buyers land up compromising with their choice of unit and floor rise.

So what is the remedy?
Once the EOI is given the buyers need to thoroughly understand his requirements first and on that
basis explore the pros and cons of the location, the legacy of the builder and finally the project. If
majority of his requirements are being met then he can proceed with the allotment if not then he
must withdraw his token amount because once he proceeds with the allotment then the chances of exiting becomes nil and his amount gets forfeited.

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Real estate sector in Pune has escalated by leaps and bounds in less than a decade. The cultural capital of Maharashtra has been growing significantly with the advent of IT sector, globalization and industrialization. Every year new buyers ingress the market seeking for property investments thus creating an evident demand, on the other hand developers come up with new and cutting-edge technology projects year after year to cater the supply thereby continuing the cycle. New property buyers are not only the natives but also the nonresidents who’ve been looking for investing in a potential location. While this may seem a big opportunity for the investors, it has also been a major challenge for them with an ever-growing swarm of scamsters.

SaudaGhar is an initiative to educate the buyer in every possible aspect. We at SaudaGhar, have been constantly thriving to empower and acquaint the buyer to make a sound decision while investing in property by understanding their individual needs, purpose, emotions, feelings and risks behind getting a safe and secure investment. We understand that buying one’s dream home involves a lot of framework which varies with individual and personal liberty. Our sole aim is to guide you with a complete 360-degree analysis and unbiased review of the property, location, timely work completion, budget and legalities at your door step, virtually. Our digital platform provides you with the other side of the coin as well which may not be known to you as an end user. This will not just benefit the buyer with secure investments, cost savings but also ensure that the buyer is informed enough about the present scenario to make a right call. The decision for buying/ investing lies solely with the buyer, SaudaGhar abstains from promotion. Our only intention is to educate, guide, and consult you with your problems.


For further assistance SaudaGhar also has an active and efficient ground support team which deals with preliminary and detailed survey for every location and provide you the ground reality and helping you with an end-to-end support.

Be it from pre-booking to post-possession, be it pre-construction to post-occupancy, SaudaGhar is here to help you.

Think Real Estate, Think SaudaGhar!

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