Tuesday, June 23, 2009

Maytas Hill County - Membership drive

I am very thankful to the associations EC for their diligent efforts of educating political leaders of our sorry situation. I would not have been able to do anything on my own from US.

I became a member of the owner’s association few weeks back. The membership drive is picking up steam. By becoming a member the owners show their support and also get to express opinions. The association will have more leverage if it represents majority of the owners. This is the least anyone can do. It’s a very small amount when compared to our original investment.

There may be concerns due to which some people are reluctant in becoming a member. I'll try to argue why everyone should still become a member.

Concern 1: Thinking of canceling the purchase
If I understand the sale agreement, there is a clause somewhere which says that you’ll get your money back after six months and that too only if your unit is resold. Otherwise your money is stuck. Reality check - Maytas don’t have funds, how do you expect them to pay? Therefore, in order to get your money back, you still want this project to fructify.

Actually, owners may be in a better position to sell their own units than Maytas. Why would Maytas sell a unit up for resale when there have unsold inventory?

In any case, would anyone buy if there’s no construction progress? Would you buy in such a situation?

Concern 2: Unit is complete (or almost)

Your villa or bungalow may be close to completion. However, each unit will reach its deserved value only if the whole township is built as promised. A strong reason, besides Satyam nexus, for purchasing a unit for most owners was the township concept. Wasn't it?

Concern 3. I can do a better job than the association can
That’s great. You have an excellent clout. Again, your interest aligns very well with those of the other owners. Everyone wants the township to be complete to get real value out of their units. It’s in our own interest to share our connections and reach our ultimate goal. Even after becoming a member, you may still continue with your own efforts.

Concern 4: I want to wait before becoming a member

Time is of utmost essence and we need to act now. This is not a movie show or a gambling table where you can just wait before making a bet. You are not legally bound in anyway after becoming a member.

Concern 4: This is a lost cause

No, this is not a lost cause. It may be a long haul but we will SUCCEED. We will get our units. We need to be persistent. Now is the time to show your support.

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