Even as various sectors in Pune wait anxiously for Union Budget 2008 to unravel on Friday, wish lists have been drawn up:
Managing Director, Gera Developments and
Chairman, Confederation of Real Estate Developers Association of India (CREDAI):
We want anything that can bring down the input costs in order to bring down prices for the end user.
Section 80 IB should be re-instituted to give tax exemptions for those making smaller units.
There should be increase in tax exemption to the borrower who has to repay the loan; his interest should be deducted from his income.
Also, encouragement needs to be given to rental stock in the country as it indirectly helps various other sectors involved in hiring and movement of people.
Chairman, Paranjape Schemes:
The rate of interest for construction finance and housing finance should come down. The FM has been requesting banks to give more money to loans, so we are hopeful that this means a decrease in the rate is also in the offing.
We also want certain sops for those involved in construction of low cost housing.
CMD, Vascon Engineers Pvt. Ltd.:
STPI extension is imperative.
Rental income should be a part of income tax benefits and there should be increase in the limit of API benefits to low income housing schemes.”
Great Budget Expectations
real estate Indian real estate Pune real estate Pune real estate market Pune real estate market news Pune real estate market news blog union budget 2008 Kumar Gera Gera Developers Confederation of Real Estate Developers Association of India CREDAI Section 80 IB tax exemptions real estate rental Shrikant Paranjape Paranjape Schemes Blue Ridge township, Hinjewadi Flagship Infrastructure construction finance housing finance low cost housing R Vasudevan, Vascon Engineers Pvt. Ltd. STPI API benefits low income housing schemes
Thursday, February 28, 2008
What M/s Kumar Gera (Gera Developments), Shrikant Paranjape (Paranjape Schemes), R Vasudevan (Vascon Engineers) expect from 'Union Budget 2008'?
Even as various sectors in Pune wait anxiously for Union Budget 2008 to unravel on Friday, wish lists have been drawn up:
Wednesday, February 27, 2008
We are busy talking about Amit's Bloomfield, Mindspace Realty's Queenstown and Elpro Estates' The Metropolitan in Pune Real Estate Market, but what's happening in real India?
Exploring the use of bamboo as an alternative to the rapidly depleting wood resources in housing and other industrial activitiesA three-day residential training programme on modern bamboo structures and housing will be organised at Kohra, Kaziranga National Park from March 6 to 8, 2008.
The programme is jointly organised by Cane and Bamboo Technology Centre and Building Materials and Technology Promotion Council under the Ministry of Housing and Urban Poverty Alleviation.
The training programme would elaborately deal with the topics including bamboo of NE India, availability and suitability for building construction, the structure of bamboo and its mechanical and engineering properties, durability and preservation of bamboo, code an standards bamboo in building construction, bamboo structures for eco-tourism and earthquake prone areas, introduction to bamboo applications for industrial and housing materials, engineered bamboo products and its usefulness in housing industry, bamboo construction for rural housing and bamboo policies and impact on national and regional developmental issues.
The programme, targeting the civil engineers, architects, consultants, builders, developers contractors, entrepreneurs and NGOs among others, would have partici-pants mainly from North East as well as neighbouring Nepal.
AssamNet: (The Assam Tribune, 26.02.2008)
Mhada plans to initiate stringent action against contractors who are sitting on projects under the SRA schemesHaving burnt its fingers by roping in errant private developers to create affordable housing, the state’s housing authority now has a stern message for city builders.
Maharashtra Housing and Area Development Authority (Mhada) gave nearly 150 slum pockets to private developers, but it did not get anything in return, not even the premium. The builders either sold those Slum Rehabilitation Authority (SRA) schemes to higher-income people or sub-contracted them, defeating the purpose of affordable housing.
Mhada currently has no strong land bank left with it after it dolled out 450 acres of land to private builders. Another 300 acres are still occupied by slums.
- Daily News & Analysis
real estate Indian real estate Mumbai real estate Assam real estate bamboo wood housing Kohra, Kaziranga National Park Cane and Bamboo Technology Centre Building Materials and Technology Promotion Council Ministry of Housing and Urban Poverty Alleviation building construction eco-tourism earthquake prone areas rural housing NGO Slum Rehabilitation Authority schemes Maharashtra Housing and Area Development Authority (Mhada) affordable housing
Offstumped Bottom line: It is time the media and the rest of us took a “morning after the railway budget” pill and realize the better the Railways perform the stronger the reason to disband the Railway Ministry.
It is time we as a society raised expectations of our Public Institutions to demand that the performance of the Railways be measured not on how much revenues were generated to subsidize populism of the Government of the day but instead on maximum value delivery to us the Consumers of Rail Transport.
That can only happen by shunting out the Minister from having a free ride on the Railways gravy train.
read more | digg story
Monday, February 25, 2008
The Pune Municipal Corporation (PMC) is launching a new system in which citizens would get details of their property tax bills through an SMS service.
Trials have already started and to be a part of it, one has to type 'eaa' give space, mention your property number and sms it to 54646. The details of the tax will be sent on your mobile within a few seconds.
"The on-line billing facility is already there, but we wanted to reach all sections of the society and mobile is the best medium to do so," municipal commissioner Pravinsinh Pardeshi said.
The formal announcement of the project would be made in a week. The PMC is also working on a plan in which citizens can receive property bills on mobile and pay them on-line. "This is the second phase which would take some time. However, the SMS project will start immediately," he added.
real estate Indian real estate Pune real estate Pune real estate news Pune Municipal Corporation (PMC) property tax bills SMS property tax bills through an SMS on-line billing facility Pravinsinh Pardeshi, municipal commissioner property bills on mobile Dnyandeo Thube, dy.commissioner(tax assessment & collection)
read more | digg story
1. Going by the success of the computerization of the building proposal department of Pune, now, Mumbai will be implementing the same SoftTech software
2. Pune Municipal Corporation goes online
Saturday, February 23, 2008
Review of property rate of Queenstown, Mindspace Realty's township of 3bhk and 3&1/2bhk luxurious flats at Chinchwad Railway Station
Reasonable rateWhen i asked you to guess, even I did not know the property rate of Queenstown.
I know the real estate rates in almost all locations of Pune. If you are reading my Pune real estate market news blog regularly, you know Amit's Bloomfield at Ambegaon on new Mumbai Bangalore bypass is asking Rs.3,800 and Rs.4,000 per sq.ft. Property rate of Amannora Township on Hadapsar Kharadi bypass is Rs.3,500 and Rs.4,000. At Balewadi and Bavdhan Koolhomes's property rate is Rs.4,000. Midori Towers of Pimple Nilakh, was launched at special rate of Rs.3,000 per sq.ft.
But all these projects were in undeveloped areas. In last couple of years, not a single township was launched in the developed area of Pune and Pimpri Chinchwad. Why? How can you have a township in the city if the big plots are not available?
Where as, Queenstown is a township of more than 25 acres and Queenstown is in the heart of Chinchwad. Now, tell me, how can i guess the property rate, when i know how impossible it is to find a plot of that size and if you did find, how expensive it would be!
When i visited the well done sample flat, everybody received and explained to me the project in detail but nobody talked about the property rate till i sat with the real estate salesman.
When salesman said property rate is Rs.3,200 per sq.ft. i did not believe what i was hearing. So i asked him again and again. Yes, up to 5th floor, the property rate is only Rs.3,200 per sq.ft. Floor rise is conventional Rs.25 per floor. For 10th and 11th floor floor rise is 75 Rs. and for 12th floor Rs.100 because of the higher construction cost. Including all floor rises, property rate of my 12th floor flat is Rs.3,800 per sq.ft.
Value for money:After the multimedia presentation and visit to the sample flat, if you ask me, it is not at all difficult to feel that you are getting your money's worth. Even for you, who has not seen the multimedia presentation and not visited the sample flat, it is easy to find the rates and other charges, standard and normal. Because, they are at par with the projects on the out skirts. For example -
Club and infrastructure charges of Queenstown are Rs.1,54,000.
Corpus fund is Rs.1,25,000.
MSEB charges are Rs.90,000.
Oh! you have to pay Rs.12,500 for the piped gas and Rs.10,000 as legal charges.
What i do not like is car parking charges - Rs.1,25,000. No amount is OK. But the amount is for the open car parking! I find it difficult to believe that covered car parking is not available on the next day of the launch of the project. True, in my tower most of the flats are already gone. I expect, good projects should have 2 car parkings per flat. Shouldn't they?
What is your take on property rates in the Pune real estate market?Some of us were hoping for the slow down in Pune real estate market. Most of us were sure that real estate prices would not rise anymore. We all wanted property rates to come down. 'Is this rate justified at that location?' was the most frequently asked question. But did you ever think that a luxurious township of 658 flats would be launched in the heart of the city at a reasonable rate? Do you think you are getting value for your money in Pune real estate market? Please, express your views in the comments!
real estate Indian real estate Pune real estate Pune real estate market Pune Pune news Pune real estate market news blog Queenstown, Chinchwad Mindspace Realty\'s Queenstown Mindspace realty Bhandari Infrastructure Prashant Bhandari Hermes Group Urban Infrastructure Venture Capital Pune property rates Pune real estate rates township Amit\'s Bloomfield Ambegaon new Mumbai Bangalore bypass property rievew real estate project review Amannora Township Hadapsar Kharadi road Koolhomes Balewadi koolhomes Bavdhan Balewadi, Pune Bavdhan, Pune Baner road, Pune Midori Towers, Pimple Nilakh Pimple Nilakh, Pune Pimpri Chinchwad value for money sample flat multimedia presentation car parking
Elpro Estates' The Metropolitan, in the heart of Chinchwad, great news for Pune real estate market - thanks to Cushman & Wakefield!
Blue Ridge at Hinjewadi and Dwarka at Chakan-Talegaon road:There was nothing between these two extremes!
Paranjape Schemes' Blue Ridge at Hinjewadi was more than a township. It was a self sufficient, international, mini town with complete infrastructure, close to your place of work.
Naiknavare's Dwarka, a Bharat Pattern township, at Chakan-Talegaon road is the last hope for the middle class at the upcoming, soon to be developed location on the ring road of Pune. A local real estate solution near the proposed international airport.
Unfortunately, till the launch of "Queenstown" this week, there was no project in the developed area of Pune and Pimpri Chinchwad city. From today, along with Queenstown there is one more option in the heart of Chinchwad - Elpro Estates' The Metropolitan.
View Larger Map
Sorry, Aundh Annex! Bye bye Balewadi-Baner Road!Not long ago, software engineers working in Hinjewadi, i had heard, had taken a oath of not booking a flat for a month. It was a protest against the exorbitant rise in property rates and no infrastructure development in Rahatani, Wakad and Baner-Balewadi area. Result is slow booking and ready possession flats lying vacant in these neighborhoods.
Amenities of the township and high end specifications was the only reason Pune real estate buyers were booking in Wakad, Rahatani and Balewadi. There was no township in the developed area, at Aundh in Pune or in the original city of Chinchwad. Thank God! Now we have two townships, with the high end specifications and luxurious amenities, actually in the heart of the city!
Real estate price and the worth of the property:At Queenstown, today, property rate is only Rs. 3,200 per sq.ft.
At The Metropolitan, real estate price is different for each type of flat.
For 2 bhk flat (saleable area 1,153 sq.ft.), today, rate is only Rs. 2,800 per sq.ft.
For 2&1/2bhk flat (saleable area 1,257 sq.ft.) property price is Rs. 3,200 per sq.ft.
Real estate rate of 3bhk flat (saleable area 1,441 sq.ft.) is Rs. 3,350 per sq.ft.
I am sure, at Queenstown and The Metropolitan you are getting value for money.
Thanks! Prashant Bhandari of Mindspace Realty and Cushman & Wakefield for the great real estate solution!
For the official and up to date information of The Metropolitan, please, contact:
Asif Ali - (email: email@example.com) - 9198224 33114
Nelson D'Souza - (email: firstname.lastname@example.org) - 9199605 91354
Upasna Advani - (email: email@example.com) - 9198600
Pune - 411 033
Ph: +91 - 20 - 6630 4040 / 3231 9112 / 3231 9113
e-mail: firstname.lastname@example.org 32974
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real estate Indian real estate Pune real estate Pune News Pune real estate market Pune real estate market news ravi karandeekar Chinchawad Cushman & Wakefield Paranjape Schemes Blue Ridge township Naiknavare\'s Dwarka Hinjewadi Bharat Pattern township Chakan-Talegaon road Aundh Annex Rahatani Wakad Baner-Balewadi Baner Road Queenstown, Chinchwad Aundh amenities specifications real estate rates in Pune Pune property rates Prashant Bhandari Mindspace Realty Chaphekar Chowk Chinchwad Lokmanya Care hospital Ravi Karandeekar\'s Pune Real Estate Blog Group Google groups Google maps
Thursday, February 21, 2008
Mindspace realty launches Queenstown, luxurious residential township of 3 and 31/2 bhk flats, near Chinchwad railway station
Location...Location....heart of Pimpri ChinchwadPimpri Chinchwad is taking on the role of being a whole new Pune, website of "Queenstown" claims. I find it a little difficult to accept but i can not disagree.
A large number of people are shifting to Pimpri Chinchwad to take advantage of the upcoming lifestyle. This is not true. And not wrong too. We Punekars are smart. Aundh annex - Pimple Saudagar, Pimple Nilakh, Wakad and Rahatani is all "Pimpri Chinchwad." But we try our best to claim it as a part of Pune. So how can i say people are preferring Pimpri Chinchwad over Pune!
Of course, i have to accept that "Pimpri – Chinchwad present numerous lifestyle and business opportunities to the residents. Upcoming malls, multiplexes, improved road-way connectivity, industrial setups, Aditya Birla Hospital, and all." Certainly, Queenstown's location, near Chinchwad railway station, is the best location in Pimpri Chinchwad.
Luxurious Amenities and SpecificationsFull page newspaper ad says, 7 acres of breathtaking landscape, vibrant clubhouse, sparkling swimming pool! Website says, 'Experience the magic of vast freedom with the 70% open areas that comprise of vehicle free zones,..' and 'The landscaped gardens of Queenstown are an artist’s creation of a true masterpiece.' I can believe in all these claims.
No, not because the project is designed by Architect Hafeez Contractor but because of Prashant Bhandari of Bhandari Infrastructure. He was my client and i have a great respect for his creative intelligence and execution capabilities. Of course, Hermes Group and Urban Infrastructure Venture Capital makes his team more strong.
And the property rate is...any guess?Queenstown has 14 'magnificent' 12 story towers. There is no area statement on the website. But there are 3 and 3&1/2 bhk flats of good size. Planning of the flats is typical Hafeez Contractor's Mumbai planning. Dinning area is exactly in front of the main entrance! Which personally, i do not like. However, there is one advantage. You can experience the joy of living in Pune and Mumbai in Chinchwad.
But, how much you will pay for this? What would be the property price, the real estate rate? Is Pune real estate slowing down? Is it right to book the flat now or should i book after six months? I know you have many questions. Sure, i will answer as soon as i can. To make sure you do not miss it, please, subscribe to this blog or join my group!
real estate Indian real estate Pune real estate Pune news Pune real estate market news ravi karandeekar Pimpri Chinchwad Chinchwad Mindspace realty Aditya Birla Hospital Architect Hafeez Contractor Hermes Group Urban Infrastructure Venture Capital Bhandari Infrastructure Prashant Bhandari
Friday, February 15, 2008
Spring Meadows, Kenjale Builders' upcoming project, next to Amit's Bloomfield on the new Mumbai Bangalore bypass at Ambegaon
Spring Meadows' Booking Open!:There is one service road which connects Amit's Bloomfield to the new Mumbai Bangalore bypass. On the same connecting road, as you cross the small bridge over the canal, on the left, what you see is one normal hoarding and the site development work in full swing. You may feel this is the site of Amit's Bloomfield. But no, this is Kenjale Promoters and Builders' upcoming project 'Spring Meadows', which will be launched soon. Thanks to 'Amit Enterprises, Pune' booking of the Spring Meadows has already started.
Kenjale Builders' Guaranty and Warranty!Of course, Amit Bloomfield and Spring Meadows share the same connecting road and even the compound wall but they are not each other's competitors. Amit's Bloomfield is all glamor and some sophistication. Spring Meadows is pure rational proposal and reasonable offer.
When i went inside the site, Yogesh Shirsat, who looks after sales, was not in the site office, a temporary tin shade at the far end. But we talked on the phone and the site supervisor gave me the info.
Enthusiastic site supervisor, showed the soiled xerox copy of the floor plans and explained the layout to me. The condition of the plan told me that most of Amit's Bloomfieds' visitors must have visited 'Spring Meadows' and few may have booked too.
The site supervisor's enthusiasm about the construction quality reminded me of my meeting with Anil Mandawkar, senior engineer at Paranjape Schemes' Blue Ridge township at Hinjewadi.
Of course, Kenjale Builders' quality assurance system of 'third party' quality inspection at every stage of the construction by a 'foreign construction quality inspector' is unique and unheard of in the Pune real estate market. Plus 'Spring Meadows'warranty of the possession date' is absolutely a great idea.
When i will get the exact official proposal, i will tell you more about it. But, no doubt, this is a good initiative. We should congratulate G. M. Kenjale for this and insist on this kind of warranty and guaranty when we book a flat with any builder in Pune.
Kenjale Builders' Reputation:When i was in Pune real estate advertising, Kenjale Builders' Suryaprabha Gardens was major competiton to my client's real estate project. Suryaprabha Gardens is a prestigious project at a prime location on the Bibvewadi Kondhwa road. In those 3 years, i had observed Kenjale Builders very closely and started admiring and respecting them.
I started admiring Kenjale Builders more when i was handling advertising of Bhansali Assocites' township 'Bhansali Campus' near Sinhagad College, off Sinhagad road. At that point of time, from advertising i went into real estate marketing and Aundh Annex became my area of operation so i stopped considering Kenjale Builders' or 'Meenakshi Puram' as a competitor. Now,to me, Kenjale Builders' is a builder for the critical,quality conscious middle class.
Spring Meadows - township of 2 bhk, 2and1/2 bhk, 3 bhk flats and Row Houses:Spring Meadows is a 3 acre township with all expected amenities including facility for playing cricket. All buildings are parking plus 4, and yet there is a provision for a lift. 2 and 21/2 bhk flats are up to 1,000 sq.ft. while 3 bhk flats are around 1,300 sq.ft. Plus there are row houses. Most important is the property rate - Rs. 2,875 and Rs. 2,975 per sq.ft. as on today, 14 February 2008. Which sounds sweet if you compare it with Amit's Bloomfield's current booking rate of Rs. 3,800 and 4,000.
For the official, up to date and detail information, please, contact:
Yogesh Shirsat 91 98810 75742
Sushil Dighe 020 2444 3211/2
Kenjale Promoters and Builders
22, Parvati, Near Vitthal Mandir,
Tel: 91-020-24443211 / 24443212
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real estate Indian real estate Pune real estate Pune real estate market Pune news Pune real estate market news blog ravi karandeekar Kenjale Builders\' Spring Meadows Amit\'s Bloomfield new Mumbai Bangalore bypass Ambegaon, Pune Ambegaon Bk, Kenjale Promoters and Builders Amit Enterprises, Pune Kenjale Builders\' Guaranty and Warranty Yogesh Shirsat, sales, Kenjale Builders Anil Mandawkar, senior engineer, Flagship Infrastructure, Paranjape Schemes\' venture Paranjape Schemes\' Blue Ridge township Hinjewadi G. M. Kenjale Kenjale Builders\' Suryaprabha Garden Bibvewadi Kondhwa road Market Yard, Pune Mukundnagar, Pune Bibvewadi, Pune Bhansali Assocites\' township Bhansali Campus Sinhagad College Sinhagad road, Pune real estate advertising real estate marketing Kenjale Builders\' Meenakshi Puram Aundh Annex, Pune 2 bhk flat 2and1/2 bhk flat 3 bhk flat Row Houses Pune real estate rates Pune property prices Sushil Dighe, sales, Kenjale Builders Parvati, Pune Ravi Karandeekar\'s Pune Real Estate Blog Group Google Groups
Thursday, February 7, 2008
Congrats Pune real estate investors, for thinking irrationally and paying illogically high price for the newly launched property
In any given situation Pune real estate developer is always positive. Builder will never talk negative or complain. For example, lot of retail and commercial real estate - shops, showrooms and office space - on Nagar Road, Yerwada, Kalyani Nagar, Kharadi is laying vacant because of the high rent. Is it a big problem? No! Pune real estate developers say 'rent stabilization and correction is a healthy sign for the market!'
Suppose, on Singapore (SIN) to Poona, India (PNQ) flight you happen to sit next to Aniruddha Deshpande, Managing Director of City Group, promoters of Amanora Park Town. You know all about 'India's first 400 acre integrated and digital "real" township, located between Mundhwa and Hadapsar on Hadapsar Kharadi bypass. Only what you do not know is the current real estate rate.
Obviously, you do not want to miss this opportunity of knowing the ongoing property price of Amanora Park Town. But since he took the seat, Aniruddha Deshpande has closed his eyes and covered his face with the white handkerchief. You are not sure whether he is taking a nap or what. But you can't control yourself, hoping not to disturb him if he is really sleeping, you murmur,"what is the current booking rate at Amanora Park?"
"I have opened the booking of "Amanora Ten Towers" in Sector R2, one of the most premium sector of Amanora Park Town. Amanora Ten Towers are glass structures ranging from 18-22 storey’s. They consist of 2, 2.5, 3, 3.5 & 4 BHK apartments. Currently, T-001, T-002, T-004, T-005, T-006, T-008, T-009 are open for bookings. The ongoing rates are Rs. 4,000/sq.ft. till 4th floor & Rs, 4,300/sq.ft. for the 5th floor. Floor rise of Rs. 50/sq.ft. is applicable above the 5th floor after every three floors." You hear the voice. But who's vice was that? You were closely watching the white handkerchief covering Aniruddha Deshpande's face. You did not see Aniruddha's lips moving! For sure, there was no movement under the handkerchief. Aniruddha did not even open his eyes. He was fast asleep. Was Aniruddha talking in the sleep?
"But i heard Rs.3,500! Hope you are not dreaming...," you express your doubt only to make Aniruddha Deshpande aware about the reality. "Rs.3,500 per sq.ft. is the ongoing booking rate of Towers 015-017 in Sector R4 of Amanora Park Town. In these towers, currently, only 3 BHK apartments are available. The 2, 2.5 BHK apartments have been sold out. The possession would be given by Oct. ’09. Initially, for booking an apartment you have to pay 10% of the agreement value (rate*area + car parking)." You hear the voice. But it was not the same voice you had heard before. Your eyes were on the handkerchief and again, for sure, Aniruddha did not opened his mouth to talk. What is going on?
You stand up, did not know why, but look at the person sitting in the back row. You remember, you have seen this cuddly figure with the kind smiling face with nearly bald head at Pune realty exhibitions. Mostly, near Amit Enterprises, Pune' stall. Is he Mr. Sanjeev Wani? Promoter of Amit's Bloomfield? If Mr. Wani has brought Singapore to Ambegaon why had he been to Singapore?
You stop wondering and instantly remove the handkerchief covering Aniruddha Deshpande's face and start speaking as if you are Prabhu Chawala on Aajtak, "What do you feel when Pune real estate investors, instead of booking at Rs,3,500 in your Amanora Park Town, pay Rs.3,800 per sq.ft. for a smaller and typical township projects like Amit's Bloomfield at Ambegaon on new Mumbai Bangalore bypass or Rs4,000 per sq.ft. for Darode Jog's Crossover County on Sinhagad Road? Do you blame Pune real estate investors? Do you blame your marketing? Tell me honestly"
But Aniruddha Deshpade's mouth, decorated with well trimmed beard, does not move at all. You look at the cuddly person in the back row. But now he has also closed his eyes. "Congrats Pune real estate investors!" a voice comes from the front row! Who is this? You try to see. One more well known Pune real estate developer on the Singapore flight? "keep on thinking irrationally and paying illogically high price for the newly launched property" he completes the sentence and before you could see his face he covers it with the white handkerchief!
real estate Indian real estate Pune real estate Pune retail and commercial real estate Pune real estate investor Pune real estate investment investing property prices real estate rates Pune properties Pune real estate market news blog Pune real estate news Pune Pune real estate developers Pune builders shops, showrooms and office space Nagar Road Yerwada Kalyani Nagar Kharadi real estate rent Singapore (SIN) to Poona, India (PNQ) flight Aniruddha Deshpande, M.D. City Group, Amanora Park Town City Group\'s Amanora Park Town Mundhwa Hadapsar Hadapsar Kharadi bypass Amanora Ten Towers Amit Enterprises Sanjeev Wani Amit\'s Bloomfield Singapore Ambegaon Prabhu Chawala Aajtak new Mumbai Bangalore bypass Darode Jog properties Crossover County Sinhagad Road ravi karandeekar
Tuesday, February 5, 2008
I can see the smile on your face!
It means you have not booked your flat yet.
Because those who have already booked the flat and do not wish to invest in the Pune real estate market always talk about 'Pune real estate boom', 'appreciation in the Pune real estate' and the 'price rise in the Pune realty'.
They enjoy boasting about overpriced real estate projects launched in undeveloped, fringe locations of Pune, like Ambegaon and Wagholi.
They never wish but you wish and pray for the property prices to comedown.
Come on read this debate, you will enjoy it:
"A slowdown will help long-term growth", says Sanjay Verma, Executive MD, South Asia, Cushman & Wakefield:The momentary uncertain economic scenario, slowdown in export-driven industries, high interest rates and lackluster credit growth in the real estate markets have raised the question of a slowdown in real estate market in India.
"Correction is unavoidable given high prices" says Navin M Raheja, Managing Director, Raheja Developers:There is no denying the fact that there have been corrections in property prices in both primary and secondary markets over the last couple of months.
But all such corrections have taken place only in certain pockets that were already overpriced. Going forward, affordability has to be a key criteria, and a correction is unavoidable in all projects, launched at prices the salaried middle class cannot afford.
- Debate-Opinion-The Economic Times
real estate Indian real estate Pune real estate real estate market slowdown Pune real estate boom appreciation in Pune real estate price rise in the Pune realty overpriced real estate projects undeveloped fringe locations of Pune Ambegaon Wagholi Pune property prices Sanjay Verma, Executive MD, South Asia, Cushman & Wakefield corrections in property prices Navin M Raheja, Managing Director, Raheja Developers Debate-Opinion-The Economic Times
Monday, February 4, 2008
Kajol was not the only one to give a 'flying visit' to Amit's Bloomfield. There were quite a few. Of course, they did not come in black BMW. Most of them were not wearing a black and white striped kameez. Or nobody cut the ribbon before entering the sample flat. But they booked the flat at Amit's Bloomfield. Around 155 of them in the last 3 days.
Kajol left for the airport. I do not know where the others went. But booking rate of the flat at Amit's Bloomfield went up and high. From Rs.3,400 and 3,600 per sq.ft. on Saturday (Jan 2, 2007) it went up to Rs.3,600 and 3,800 per sq.ft. on Monday evening.
My heartiest congratulations to everybody who booked the flat at Amit's Bloomfield. Sir, I appreciate your car driving skills. I admire your love for Singapore. Long live Ayurveda!
Saturday, February 2, 2008
Amit Enterprises launches 'Bloomfield', real estate project of apartments, twin bungalows and villas at Ambegaon in Pune
Singapore is now here: on Mumbai- Bangalore New bypass, Ambegaon, Pune..(!)Please, do not ask 'why Singapore?'. After the grand success of Paranjape Schemes' Blue Ridge township at Hinjewadi, every upcoming real estate project in Pune is going to promise you "International Living Right Here in Pune". 'Amit's Bloomfield' says 'why fly...Discover Singapore at home now!' According to Amit's Bloomfield website: "Bloomfield represents Singapore at its exotic best, right at the very heart of Ambegaon (on new Katraj Bypass with tunnel) in Pune. Bloomfield’s luxurious 46 Bungalows, Villas & 300 Apartments draw inspiration from Singapore’s ethnic, yet cosmopolitan lifestyle & bring to you an experience of a lifetime, for a lifetime."
Budget of 2bhk flat: 47 to 54 lakhs and 3 bhk flat: 58 to 69 lakhsWhen i called mobile number 919922300099 salesman gave me this information:
1. Booking rate of the flat is Rs. 3,400 to 3,600. This rate is the special introductory offer and from Monday rate is going to increase!
2. Only 2 buildings are opened for booking.
3. Area of 2 bhk flat is around 1100 sq.ft. and 3 bhk around 1500 sq.ft. What i like about Amit Enterprises is they give 'carpet area'. For example - according to the Bloomfield website 2bhk - carpet area of the flat on even floor is 881 sq.ft. and carpet area of the terrace is 76 sq.ft. And Saleable are is 1148 sq.ft.
4. Rate and budget of twin bungalows and villas is not 'disclosed' on the phone! (It must be above 1 crore rupees.)
5. 3 bhk flats in 2 building are all booked by noon and waiting list is open.
6. Booking amount is 1 lakh.
7. Plans are sanctioned. Ambegaon is not in Pune Municipal Corporation. It's Gram Panchayat. Project is sanctioned by ICICI and HDFC. Representatives of the housing finance companies are at site for home loans.
To know more about Amit's BloomfieldSite Address:
On Mumbai-Bangalore New Bypass, Ambegaon, Pune, India
Call: +91 20 99223 00099
Call +91 99223 00099
SMS 'AMITHOUSE' send it to 54646
Amit House, 1902, Sadashiv Peth, Bajirao Road, Pune – 411030
Telephone: +91 20 2448 9494/95
Mobile: +91 98507 88889
Fax: +91 20 24431554
Yes! Now Singapore property rates are here in Ambegaon Village, India!Congrats M/s Kishore Pate (Wani), Rajendra Pate (Wani) and Sanjeev Pate (Wani) with Bloomfield in Ambegaon Village, you have surpassed launching booking rate Rs. 3,200 of Darode-Jog Properties' Shriniwas Crossover County at Vadgaon Khurd, which is in Pune Municipal Corporation. I am sure, soon, you will cross the booking rate Rs. 4,000 too.
Would it be cheaper to buy a property in Singapore than in Pune? I am not sure about today...but..the way property prices in Pune real estate market are booming..may be...some day... but..Magarpatta City's 'Nanded City' is coming.....
Please let me knowI am blogging this by referring to the ad and the website of Amit's Bloomfield for you who are not in Pune. Personally, i admire Amit Enterprises. In Pune, Amit has a very good reputation and a client base.
But i have come to know that very less number of people search on Google, Yahoo or Windows Live for Amit Enterprises' projects. At the same time, i have not come across Bloomfield's press release so i assume there will not be a news in the national newspapers.
However, you don't have to worry. I am blogging all happenings in Pune real estate market. If you do not want to miss Pune real estate news subscribe this blog by Free RSS or Free Emails.
To know more about all my blogs visit my Ravi Karandeekar's Pune Real Estate Blog Group.
Please, feel free to suggest and comment. Call me on my mobile (yes, first 15 minutes talking is free!) or write in the comments bellow the blog.
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