Township in the heart of the city:Mindspace Realty's Queenstown and Elpro Estates' The Metropolitan, launched in the last couple weeks, are in the heart of Chinchwad. Amit Enterprises' (promoters of Amit's Bloomfield at Ambegaon) Treasure Park and 9 Green Park are in the heart of Sant Nagar (Satara Road) and Sahakar Nagar. And now, Samrajya, a new phase of Balwantpuram, a township with swimming pool, clubhouse and all amenities in ShivtirthNagar is launched on Paud Road in Kothrud!
Property rates in Pune real estate market:Pune is doing well! And Punekars are coming back to Pune. When you know how valuable it is to stay in the neighborhood of your origin, property rate is not a problem. Pune is happy to pay a good property rate.
Rs.5,600 to 5,800 per sq.ft. at Balawantpuram Samrajya on Paud Road in Kothrud.
Rs.5,600 per sq.ft. at Amit's Treasure Park and 9 Green Park on Satara Road and Sahakar Nagar.
In the heart of Chinchwad, Rs.2,800 to 3,500 at The Metropolitan and Rs.3,200 at Queenstown.
At the current real estate price, Punekars do not mind paying 70 lakhs to 1 crore for 3 bhk flat in these townships!
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Quality Construction and Customer Satisfaction:Pethkar Projects is a typical Pune real estate developer, who does not need a marketing hype and advertising blitz to boost the property rate or get the bookings.
Pethkar Projects' Balwantpuram, a 40 acre township, is in my neighborhood at ShivtirthNagar. In the earlier phases 'Ornate Park' and 'Shefalika Heights' of Balwantpuram, Pethkar Projects have constructed more than 350 flats. As a real estate marketing consultant and also as a nosy neighbor i had come to the conclusion that flats in Balwantpuram are sold by mail order and people visit the site only when they come to take a possession of their flats.
But with the launch of this phase, Samrajya, for the first time Pethkar Projects had published half page ads in the local newspapers and put few hoardings in Pune. Late evening on the day of the launch, yesterday, at 9 P.M. (2100 hrs!) i went to the site office of Pethkar Projects' Samrajya. No, not to meet the salesperson to inquire about Samrajya but to complain about letting us down.
We, all the residents of ShivtirthNagar, Paud Road and Kothrud have been boasting that the launching booking rate of the property at Balwantpuram would be Rs.6,000.
But Pethkar Projects have opened the booking at only Rs.5,600 to 5,800! Result a 3 bhk flat fits into the budget of less than a crore, in only 92 lakhs!!
Because of this, as a real estate marketing professional i was disturbed; somebody may think that Pune real estate market is slowing down, Pune real estate boom is over, Pune real estate bubble is busted!
More than that, as a proud neighbor, people, particularly in Sahakar Nagar of Pune, will think less of me, when they will come to know that 3 bhk costs less than 1 crore on Paud Road in Kothrud, Pune. What a shame!
Subscribe to my blog in the Google Reader:To keep a track of Pune real estate market news, please, subscribe to my blog. This official Google reader blog explains how easy it is with the use keyboard shortcuts. Visit my Google group to know more about all my blogs and subscribe to it if you are interested in all blogs. You are welcome to call me on my mobile phone ( you know, i do not charge for first 15 minutes!) but not to ask the phone number of Samrajya. So here are the contact details:
Site Office Address
S. No 110/1/A CTS No 1148,
Balawantpuram, Paud Road,
Shiv Tirthnagar, Kothrud,
Pune, Maharashtra (India)- 411 038.
S. No. 117+118, Plot No. 21/B,
Madhav Bag Co.-Op. Hsg. Soc.,
Shivtirthnagar, Paud Rd., Kothrud ,
Pune, Maharashtra (India) - 411038.
Tele : +91-020-25401234
Fax : +91-020-25401240
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