Tuesday, April 28, 2009

God bless Mont Vert and all it's property buyers!


It's not secret that all builders are ready to negotiate the property rates.

It's not secret that many property buyers are ready to book if builders reduced the property prices.

But which builder reduces how much, for sure, is the big secret.

Pune real estate market is surviving on this secret.

Except one builder, Mont Vert Homes.

Mont Vert's published and well publicized open offers are making "secret negotiations" irrelevant.

"Enough is enough!," many builders complain secretly.

"Property buyers have started demanding 11 months rent, reduction in the parking charge, reduced infrastructure charges, along with the reduced property rates!," one Pune builder said. Secretly.

All Pune builders pray to God.

They request him to give instant wisdom to all property buyers in Hinjewadi.

Wisdom to book flats in Mont Vert Homes in Wakad, Sus Road and Baner Pashan link road.

So that Mont Vert will stop launching offers of price reduction every other week.

Publicly, builders say, "God bless Mont Vert and all it's property buyers!"

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Nanded City Pune unveils residential district phase 1! What a wonderful news!!

700 acre mega township on Sinhgad road is inviting you to be part of it!

On the auspicious day of Akshaya Tritiya,
Nanded City Pune,
700 acre township by Magarpatta City on Sinhagad road,
released ads,
giving information about the first phase of residential district,
in the local news papers.

The ad actually published "names of the buildings" in Nanded City Pune!

What a valuable information! Isn't it? (Comments Policy)



If you wish to see one more wonder of information technology, please, visit their website: www.nandedcitypune.com

To refresh your memory, please, visit these popular posts:

1) Magarpatta's Nanded City, Pune - 700 acre mega township on Sinhagad road, Pune (Viewed 10,552 times)

2) Magarpatta's Nanded City on Sinhagad road in Pune - an exclusive slide show gives complete idea about 700 acre mega township (4994 views)

3) Should i cancel my booking at Nanded City Pune?

4) How many cancellations happened at Blue Ridge?

5) Launch of Nanded City, Pune - visit to the venue of Magarpatta's upcoming mega township on Sinhagad road

6) Everybody in Pune is talking about Magarpatta City's upcoming project 'Nanded City' on Sinhgad Road

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Swapna Nagari at Chakan, 15 acre integrated township of 1 bhk, 2 bhk and 3 bhk flats , opens bookings of 2nd phase

1 bhk flat Rs. 8 lakhs onwards

2 bhk flat Rs. 15 lakhs onwards

3 bhk flat rs. 21.5 lakhs onwards

Property rate Rs. 1,600 - 1,800 per sq.ft.


View Affordable Housing Projects in Pune Real Estate Market in a larger map

On the auspicious occasion of Akshaya Tritiya, Shree Sai Associates, builders and developers, opened the bookings of 2nd phase of their popular integrated township "Swapan Nagari at Chakan". And, as expected, got a tremendous response!

Since the launch of the first phase on 11th of November 2008, Swapana Nagari at Chakan has become popular investment destination. Out of the 425 flats in the first phase more than 50 % are booked by the state and central government employees, white color workers in Pimpri Chinchwad industrial area and Doctors and other professionals.

Taking advantage of industrialization of Chakan, young promoters of Swapana Nagari introduced "rural marketing of real estate" and successfully convinced the cash rich farmers in the villages on Nashik road to invest in at lest one flat in their township.

Strategically located on Pune Nashik highway and, off course, close to upcoming international airport at Chakan, Swapna Nagari has all amenities like swimming pool, tennis court, children's play area, shopping mall, amphitheater and temple. Sample flat is also ready.

To know more about Swapna Nagari, please, call:
91 90112 13333
91 90112 14444
91 93702 09508

info@shreesaiassociates.com

www.shreesaiassocites.com

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Monday, April 27, 2009

Sky Heights, Undri, opens booking of 1 bhk flat of 434 sqft for Rs. 14.7 lakhs and 2 bhk flat of 586 sqft for 19 lakhs!


3 side open flats at NIBM annexe, 15 minutes from M. G. road:

First phase of 168 flats in 4 acres:


View Affordable Housing Projects in Pune Real Estate Market in a larger map

Eco-friendly project with CQRA Quality Control and Assurance:

Joint venture of LushLife and Trimurti Group:


In Sky Heights, at Undri, Trimurti Group and LushLife wants to give you all. Apparently.

Popular amenities, including swimming pool! E Brochure

Well designed flat, 3 side open.

Along with CQRA quality assurance.

All in a small budget.

1 bhk flat in 14.7 lakhs.

2 bhk flat in 19 lakhs.

A miniature of a upmarket luxurious life style!

Conceptually it's OK. But practically, i feel, not a right solution for an affordable housing.

Simply because the focus is on the architectural and marketing USPs.

While planning a residential space, i believe, focus should be on the residents and the usability.

Property buyers are looking for meat. Not for the garnishing!

What say you? (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Sunday, April 26, 2009

Regency Meadows, Dhanori, offers 2bhk flat (1155 sq.ft.) for 28.70 lakhs & 3 bhk flat (1415 sq.ft.) for 33.5 lakhs (all inclusive)

70% construction of the first phase complete:

Township of 250 flats by Regency Group:


View Vishrantwadi - Dhanori - Kalas - Dighi - Yerawada in a larger map

Property rate Rs. 2,150 sq.ft.

I liked this ad published in today's Sunday Times (!) for three reasons.

First, it was not about so called expensive "affordable homes".

Second, i liked the head line, "Pay less. Gain more."

Third, Regency Meadows is developed by Regency Group. Long time ago, when i was in real estate advertising, Regency Group was my client. I have done lot of work for their first project in Pune, Flower Valley at Wanawadi. At that point of time, i was very much impressed with their construction quality and finishing.

I have not visited Regency Meadows, but i assume Regency Group must be following their policy of delivering "good home at a competitive price". Because this policy helped them to enter and grow in Pune real estate market in the last slow down!

When i asked Sunil, salesperson at Regency Meadows, what he means by "pay less"? He said that in Vishrantwadi property rate is around Rs. 2,500 per sq.ft. but at Regency Meadows only Rs. 2,150 per sq.ft.

He was referring to Vishrantwadi and not to Dhanori, still i didn't argue because we have to encourage the spirit of competitive pricing in Pune real estate market.

Because all of us wish for reduced property rates. Not for the reduced size of a flat. Right? What say you? (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Saturday, April 25, 2009

Akruti Countrywoods, on Katraj Kondhwa link road, offers property rate of Rs. 2,250 per sq.ft. for the first 50 bookings of 1 and 2 bhk terrace flats

1 bhk terrace flat - Rs. 12.60 lakhs

2 bhk terrace flat - Rs. 16.65 lakhs


View Affordable Housing Projects in Pune Real Estate Market in a larger map

Just Perfect Homes Now in Pune!


The launch ad of Akruti Countrywoods, on Katraj Kondhwa link road, claims that their range of "Just Perfect Homes" got tremendous response in Mumabi.

Good. Congratulations.

But why Akruti City Limited (BOM:532799), promoters of Akruti Countrywoods, assumes that it will get the same response in Pune real estate market?

Look what has happened to Runwal Group, other successful builder from Mumbai. Did their Euphoria at Kondhwa Budruk got the same response as their Thane project?

Taking a challenge of successfully launching a project in Pune real estate market is good.

But not when the promoters of the listed real estate company are forced to pledge more and more shares.

Not when the listed real estate company is excluded from the futures and options (F&O) segment.

Not when, CRISIL, India's leading ratings, research, risk and policy advisory company, says:
"Akruti’s aggressive development strategy is reflected in the fact that ongoing and planned projects are six times the size of its completed projects.

The company has been facing extended delays in ongoing projects.

The company’s liquidity has been adversely impacted by the overall slowdown in the sector, coupled with its aggressive development strategy and increased focus on commercial projects."

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nano homes, Ravet in Pimpri Chinchwad, offers (limited period) 1 bhk flat for Rs. 11.97 lakhs and 2 bhk flat for Rs. 14.94 lakhs (conditions apply)

Joint Venture of Kohinoor Group and Rama Group:


View Affordable Housing Projects in Pune Real Estate Market in a larger map

As per the full page ad in today's Sakal, "nano homes", joint venture of Kohinoor Group and Rama Group, will have 364, "smartly" planned 1 bhk and 2 bhk terrace flats.

Sample flat is ready.

Ad has the floor plans but without saleable or carpet areas! Even a casual look at the floor plan tells you that terrace size is too big and the carpet area must be too less! When i called the number given in the ad, very reluctantly, he gave me the saleable areas:
551 sq.ft. and 564 sq.ft. of 1 bhk terrace flat
695 sq.ft. and 807 sq.ft. of 2bhk terrace flat
very "smartly planned"!
To know the carpet areas, you have to visit the site!

nano homes bank on driving time!

Besides convenient location - 10 minutes from Hinjewadi IT park, 4 minutes from Dange Chowk and 3 minutes from Akurdi railway station, contemporary facilities and unbelievably affordable property price, the ad insists on, an already commenced, a four lane road J.N.N.U.R.M. project. Because of this road from Pune station, you can reach Ravet in a span of just 12 minutes!

Location:

Sr. No. 208, near D.Y. Patil College Akurdi, opp Ravet Bridge, Ravet, Pune 412 101.

Contact:

nanohomes@yahoo.com

91 96650 44666
91 96658 44666

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Golden Petals, near Cummins College of Engineering for Women in Karve Nagar - Kothrud, opens the bookings of 2 bhk flats starting from 26.76 lakhs

B. K. Pate Enterprises offer free car park for the first 10 bookings!


View Karve Road - Paud Road - Karve Nagar -Kothrud in a larger map

Ad in today's says "first phase of Golden Petals got a good response and now B. K. Pate Enterprises is opening the bookings of the 2nd phase."

In the 2nd phase there is interesting range of 2 bhk flats:

1) Carpet Area - 506 sq.ft. - No Terrace - 26.76 lakhs all inclusive.

2) Carpet Area - 513 sq.ft. - 62 sq.ft. Terrace - 28.60 lakhs all inclusive.

3) Carpet Area - 589 sq.ft. - 18 sq.ft. Terrace - 31.29 lakhs all inclusive.

4) Carpet Area - 589 sq.ft. - 94 sq.ft. Terrace - 33.15 lakhs all inclusive.

Obviously, everything is golden in Golden Petals. Amenities are golden. Living experience is 24 Carat. Golden offer is:
for the first 10 bookings free car park,
means Rs. 1 lakh less from the above all inclusive cost!

Contact:

It's very difficult but you must try! If you talk to Ms. Bhanushali, salesperson at Golden Petals, you will find out why B. K. Pate Enterprises is considered as one of the most trusted builder in Pune real estate market.
020 3234 1010
020 3234 3030
91 93709 39318
91 93250 07111
sales@bkpateenterprises.com
www.bkpateenterprises.com

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Friday, April 24, 2009

Pristine Properties launches 2bhk flat for 24.58 lakhs in Pristine Fontana at Bavdhan, Kothrud annexe!

Only 44 flats of 878 to 937 sq.ft.

Visit stalls (7 and 14) in Best of West Pune:


Front page ad in today's Sakal insists that Pristine Fontana Bavdhan is in the corporation limits and has amenities like landscape garden, club house, gym and a security system.

Floor plans are not yet uploaded on the website, I mean, not on www.pristinepune.com

www.pristinefontana.in website mentioned in the ad doesn't exist.

You can visit their stalls in The Best Of Pune West property exhibition at Hotel Orchid (24th April to 26th April) and along wth Pristine Fontana at Bavdhan, you can get the information of Pristine Grandeur at Wakad and Pristine Prism at Aundh.

Please call
91 98230 49444
91 98230 52444
91 98227 94325
but don't expect much information.

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Wednesday, April 22, 2009

Best of West Pune: exhibition of properties in Baner, Balewadi, Pashan, Aundh, Wakad, Bavdhan, Pimple Nilakh & Saudagar, Hinjewadi & Rahatani

Hotel Orchid:
Balewadi Sports complex Compound
24Th April: 4 to 8 PM
25Th & 26Th April: 10 AM to 8 PM

Bye Bye Mr. Lalit Kumar Jain! Bye bye PBAP!!

Now, Promoters and Builders Association of Pune (PBAP) is called "Credai Pune".

And Mr. Satish Magar has become the first President!

"The worst is behind us now":

According to Mr. Hemant Naiknavare, 'the pessimistic outlook' is changing into 'positive sentiments'. It looks like that 'the worst is behind us now'.

Now, Credai Pune has decided to organize 8 property exhibitions in 10 months in the different parts of Pune. The Best of West Pune is the first.

Visit the site!

Today, smart property buyers know that, it is safe to book in a project which is more than 50% booked and the construction must be more than 70 % complete.

You can find out about the progress of the construction only if you visit the site. Since no builder gives you the names of the property buyers who have already booked in the project, you have to spend more time in the investigation.

Negotiations about the property rates happen only when you open your cheque book to give a booking amount. Means only after a few site visits with your spouse, your in-laws, your colleague and your vastu consultant.

When visiting the site is so important, i wonder, what is the point in visiting the exhibition? Just to make sure that you have not missed any good option! Or if you are just starting, to short list 10 projects for the site visit! What more can you get out of visiting the property exhibition? Please, share your ideas and tips in the comments. (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Are you visiting my blog for the first time?

Thanks for visiting! On this blog we talk about latest happenings in Pune real estate market. We means, around 1000 readers and I, Ravi Karandeekar. We have free, frank, informative, hot, angry and some times meaningless discussion on this blog. To get the feel, please, visit these 2 posts and join the conversation by subscribing to this blog or to my Google group.

1) Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

2) Most popular posts in March 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

Thank God! Yatra Capital, major investor in Kolte Patil's 78 acre township in Kharadi and Amanora Park Town's Market City, is in no hurry to exit!

"All those who said that we (Indian economy) have decoupled from the US (financial crises) are in for a shock", says Sir Nigel Broomfield, non executive director, Yatra Capital PLC.
Sir Broomfield, non executive director, Yatra Capital PLC., feels that although the prevailing mood in the Indian realty sector is sombre, recent developments make the space attractive in the long run.

ET Intelligence Group caught up with Mr Broomfield to know about his India initiatives and future growth plans. Excerpt from his interview:

Where do you think is the Indian real estate headed?

Sir Broomfield:

The fact that the US is the world’s biggest economy, one just cannot remain unaffected.

It affects different countries in different ways, but real estate (because that is where the trouble started in the US) has been affected disproportionately.

Similar is the scenario with Indian real estate.

Sentiments are down and affordability has been hit the most.

However, the response to new project launches (which are 15-30 % lower than market rates) has been encouraging.

Mortgage rates have also come down by 200-250 basis points in the last three months.

In the long-term , Indian real estate remains attractive.

How soon do you expect a recovery in the market?

Sir Broomfield:

There is definitely more pain to come, but the fundamentals here are good.

India is a huge economy with 45% of the population below 30 years.

Internal demand is huge.

When compared to other economies, India is still growing at 5.5% besides China, which is growing at 7%.

This gives the two countries edge over other economies; hence, foreign investors are still looking at India, though they are not investing yet.

A lot of real estate projects are stuck for want of funds. Will this affect your India strategy?

Sir Broomfield:

The overall market has had a very severe and sharp correction.

However, we are in no hurry to exit, as we are a long-term fund.

Our investors are people, who understand ups and downs of the real estate market.

The stupendous rise in property prices over the last few years lured a lot of people, who came in at a later stage in the real estate market.

They thought that the market will always remain upbeat and they would be able to generate quick fortunes with no trouble. But, they missed the fundamentals.

We believe that our fund strategies will prove to be beneficial in the long term.
To read more, please, visit - Set to beat real estate blues

Hot Pune real estate market news:

Yatra Capital's joint venture with Kolte Patil Developers' was, no doubt, hot Pune real estate market news. It was Yatra Capital's first investment in Indian real estate. Ajoy Kapoor of Saffron Advisors, managers of Yatra Capital, was considered as a hero for daring to invest in Tire II city.


Along with Kolte Patil, Yatra Capital invested in 1.5 million sq feet Market City. Which was going to become not only "largest shopping centers in Pune", but an "engine", revenue generator of Amanora Park Town.

Sir Broomfield's statement about "effect of US financial crises and recession on Indian real estate" is not a news for you. Because all of you, my readers in US and in IT, were talking it for long time.

However, Yatra Capital's plan to remain invested is, for sure, good news for Kolte Patil and Amanora Park Town.

Why you decided to remain invested in Blue Ridge or Megapolis in Hinjewadi?


Let us hope, someday, you, an individual real estate investor, in Paranjape Schemes' Blue Ridge or Kumar Properties and Avinash Bhosale Group's Megapolis in Hinjewadi, would hear some positive news about foreign direct investors in these project!

For you, investing in real estate was not a business decision, but a "life decision".

Don't you think that builder should treat you better?

Don't you think that only 'transparency' is going to build confidence and make you think twice before you cancel your booking?

Please, share with us your story. Tell us, in the comments, why you decided to remain invested in Blue Ridge or Megapolis in Hinjewadi! (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

Subscribe for Free!

To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group

Are you visiting my blog for the first time?

Thanks for visiting! On this blog we talk about latest happenings in Pune real estate market. We means, around 1000 readers and I, Ravi Karandeekar. We have free, frank, informative, hot, angry and some times meaningless discussion on this blog. To get the feel, please, visit these 2 posts and join the conversation by subscribing to this blog or to my Google group.

1) Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

2) Most popular posts in March 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

Sunday, April 19, 2009

Dhanori Lake - a natural community resource or a private property of Lunkad Realty?

Policemen deployed to protect the society's residents:

High drama and tension prevailed at Ambanagari Co-operative Society during an inspection visit by a three-member team from the Ministry of Environment and Forests (MoEF) which had come to inspect Dhanori Lake and its surroundings on Saturday morning.

A verbal duel also broke between the Ambanagari residents and real estate developer Amit Lunkad of Lunkad Realty in the presence of MoEF team members. To read more, please, visit - Dhanori Lake issue flares up again:DNA

Save Dhanori lake in Pune:


View Ambanagari Society, Dhanori Lake and other lakes in Pune in a larger map

NATIONAL SOCIETY for Clean Cities (NSCC), Pune has taken up the cause of Dhanori Lake after one of their mohalla committees, the Dhanori citizens forum, brought it to their notice. Residents of that area appealed it to help them preserve the lake. When the NSCC visited the site, it was completely convinced. We were also bowled over by its sheer beauty.

We have studied the situation and strongly feel that this lake should be conserved and the area around the lake be developed as a garden.

A brief history

Dhanori lake is covered under survey numbers 47 and 90 and the total area is nearly 11 hectares. According to the development plan (DP), serial number 47 is a residential zone and 90 is an agriculture zone. While studying the survey of India map of Pune, published in 1971, we noted that this area has been shown as a quarry and hence wonder how could it ever be shown as a residential zone in a much later DP. Even a study of the development plan of 23 villages shows it to be a quarry and also shows a rivulet flowing away from it..

The Gai Wadar Mazdoor Society used to be the owners and now the owners are M/s Vijaykumar Mehta and Ors. They have approached the Pune Municipal Corporation (PMC) for constructing residential buildings. They propose to do so by filling the complete lake with rubble and earth and stamping it down. This can be verified by the note submitted to PMC by their structural consultants.

Without receiving permission, the builders started dumping rubble into the lake and have filled up two corners of the lake. They even started de-watering the lake and dumping the water into PMC drains without permission. This continued until the mohalla committee complained and PMC sent a notice to the builders to stop this activity. In spite of this notice, the builders continued de-watering the lake and dumping rubble at night until stricter action was taken by the PMC..

The lake and its environment

The lake is a heaven sent and a very beautiful site. Words fail to describe it. The lake started off as a quarry. However the quarrying came to a stop nearly three decades ago as per the residents of that area as it filled up with water. This was the result of tapping an underground watercourse and this watercourse has filled up the lake. Now it has become a perennial lake and the depth of the water, even in summer, hardly changes. The quality of water is also very good and the water starved societies on the banks of the lake pump water for their use. A wide variety of birds visit the lake and even nest there. The lake is also home to an abundant aqua life and locals even fish there with nets and line. So not only does the lake serve as a complete ecosystem but also meets the water requirements of the nearby societies.

A report from a TUV certified laboratory shows the water from the lake to be potable. This makes it all the more imperative to conserve this lake.

Our request

We have written to the PMC requesting it to take into consideration the Development Control (DC) rule 11.1.b, which mentions inter alia, "Not withstanding the above, the authority shall be entitled to take cognisance of the existence of all water courses, whether shown on the development plan or not, while sanctioning layouts and no person shall take any action without the permission of authority, which results in reducing the water way or closing or filling up of any existing water course." We have also requested them to not allow the builder to dump any rubble into the lake and fill up the existing subterranean watercourse.

Also, permission should not be extended to the builder by the city engineer or zonal commissioner to construct any building as it will be against the provisions of the DC rules 11 for site requirement..

Pune does not have many lakes and one of this size (most likely Pune’s largest lake) is a rare and a wondrous thing - a gift from god that we should neither reject nor allow it to be ruined. Hence it is essential that all efforts are made to preserve this treasure for, which belongs to the people of Pune. With this in mind, we have further requested the PMC to take the necessary steps to acquire this property and conserve the Dhanori lake and its ecosystem. Press Release-12 Jul 2008

Join the Dhanori Citizens Forum to save Dhanori Lake:

Please, sign the online "Save Dhanori Lake" petition to Pune Municipal Corporation (PMC), created by and written by Satish Khot, President, NSCC Pune (nsccpune@gmail.com).

Partners in Destruction!

1) Baner Balewadi Development Plan:

In partnership with the State government, last year Pune builders made a mess of the development plan of Baner Balewadi. To read more, please, visit these blogs:

1) 8,000 citizens object to changes made by the state government in the Development Plan for Baner and Balewadi

2) Vandana Chavan reminds Ajit Pawar of his promise to Pune of no changes in land reservations for schools, playground and hospitals

3) PMC General Body defers support to fight against the state government move to make major modifications in the development plan of Baner and Balewadi

2) Ramnadi:

In 2007, Ramnadi was a big issue. Pune Municipal Corporation and Pune Builders had joined hands to destroy Ramnadi in Bavdhan, Pashan, Balewadi. Please, visit the following blogs to know more:

1) DC releases list of Ramnadi encroachments

2) Builders demand clarification ...(..!..?)

3) "Demolish encroachments" Anil Bhosale, Leader of the House

4) Encroachments at Ramnadi pulled down

3) Hill Top and Hill Slope:

In order to leave no stone unturned in their efforts to construct homes for you, politicians - municipal officials - builders all joined hands and destroyed hill tops and hill slopes in Pune! To know more, please, read these stories:

1) Illegalities in constructions will be probed:

Municipal commissioner Sanjay Kumar has initiated a highlevel probe into the 17 controversial permits granted by the civic building department for carrying out constructions on hills.

“I will initiate stringent action against the civic officers if the probe reveals that they have flouted the norms while granting permission,” Kumar told TNN on Tuesday. Kumar said he has directed the civic vigilance department to study each and every paper concerning these 17 cases and submit a detailed report at the earliest. Read More

2) Green development for the 23 villages

Punekars have received the best new year gift - A "green" development plan for the 23 villages which were merged in the Pune Municipal Corporation (PMC) in 1987!

Upholding the demand by the citizens and the media, the Planning Committee, set up for finalisation of the draft Development Plan (DP) for the 23 villages, has banned constructions on the hills and along the banks of the rivers.

The committee submitted the final draft of the DP to Mayor Dipti Chaudhari on Thursday. And, the good news is 1600 hectors of land in the 23 fringe villages has been identified as hills and has been "reserved" for "bio-diversity parks". Read More

3) Hill-slope construction brought to a halt

Construction activity at Survey No. 86, Sahakarnagar, which comes under the hill top and hill slopes zone, came to a halt on Saturday, following intervention by Congress corporator and former mayor, Vandana Chavan.

The process of blasting into a hill in the area for building a housing complex was stopped by the Pune Municipal Corporation (PMC) after Chavan threatened to proceed on a hunger fast. Read More

4) State admits to DP changes in hill top, hill slope area

The state government has finally admitted that the hill top and hill slope area in the Development Plan (DP) for Baner and Balewadi submitted by the Pune Municipal Corporation (PMC) had been altered.

The urban development department has decided to look into the reasons for the changes and is awaiting a report from Maharashtra Remote Sensing Applications Centre (MRSAC), the Nagpur-based state government agency, under the planning department. Read More

Only you can save Pune!

For more than 5 years, i have done adverting of Lunkad Realty. In those days, up to 2003, Lunkad Realty was Lunkad Housing and had all their projects in Viman Nagar on Nagar road. So i have worked with Amit Lunkad of Lunkad Realty and know him quite well. When i read this news about Dhanori Lake and saw his photo in DNA, two things amused me.

First, the news was about 'water'! Looks like that Amit Lunkad and Lunkad Realty has some mystic bond with "water". There was no water in Viman Nagar. (It is not there even today!)

Second, this is my first blog on Lunkad Realty and Amit Lunkad. But i am not feeling good about it. Lunkads, father and both sons, were more than my favorite clients!

However, when i visited all above stories, i realized that only you, property buyers, can stop the destruction of Pune. Only you can defeat the combined forces of politicians, government officials, builders and protect the citizens of Pune.

Just imagine, what will happen if you stopped booking a flat in Balewadi Baner till the government finalizes the development plan?

What will happen if you refused to book a property in the project constructed on the hill slope?

I don't think Lunkad Realty would have been interested in constructing "Lunakd WaterWorld" by filling up rubble in "Dhanori Lake" if they knew that property buyers wont book!

What say you? Please, share your views in the comments. (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Are you visiting my blog for the first time?

Thanks for visiting! On this blog we talk about latest happenings in Pune real estate market. We means, around 1000 readers and I, Ravi Karandeekar. We have free, frank, informative, hot, angry and some times meaningless discussion on this blog. To get the feel, please, visit these 2 posts and join the conversation by subscribing to this blog or to my Google group.

1) Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

2) Most popular posts in March 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

Thursday, April 16, 2009

Can’t afford a home in Pune? There’s one up for grabs in.....

To hell with Pune builders!

The reluctance of several real estate developers in Pune and Mumbai region to scale down property rates in keeping with the market gloom has turned into a business opportunity for players from other states.

Sensing a good business opportunity, they are entering the Mumbai-Pune ring.

They are wooing buyers, originally from their states, back home with the promise of an affordable home.

This trend is not new, but this is perhaps the first time builders are looking at weaning away potential buyers from big cities such as Mumbai, Delhi and even Dubai.

Real estate players from states like Karnataka, Andhra Pradesh and Kerala are showcasing their properties in the city at a corporate level, giving customers the option to own a house in their homeland at much lower rates.
To read more, please, visit - Indian Express

Hail Pune real estate!

Sure, Pune and Mumabai builders are providing good business opportunity for the real estate players from Karnataka, Andhra and Kerala.

But more than that, Pune and Mumbai real estate is doing "great services" to local property buyers in these states. Considering the response of "Pune Property MahaYatra", organized by PBAP and Pune Sakal, I am sure, property rates in these states will come down substantially!



By organizing "Pune Property MahaYatra" in Kolhapur, Nashik, Nagpur, Aurangabad and Goa, Sakal convinced 25 Pune builders that they don't have an option but to reduce the property rates and launch "quality affordable housing projects" at "good" locations in Pune.

Result is:
1) Darode Jog (re)launched thier "Greenland-county" at the property rate of Rs.2,350 per sq.ft. at Narhe Ambegaon - off Sinhagad Road

2) Amit Enterprises launched Amit's Astonia at Balewadi, offering a 2 bhk flat in 25 lakhs (all inclusive)

3) Goel Ganga Group launched "Good Value Homes" in the range of Rs.18 lakhs to Rs.30 lakhs at Sinhagad Road, Aundh Annexe, Chinchwad and Undri!

4) Kumar Properties launched Swastipuram, a 1 and 2 BHK apartments scheme near S.P. Infocity, Phursungi. Prices start from Rs. 9 lakhs (inclusive of all expenses)

5) Kolte Patil launched "Umang Homes", 1 bhk, 1.5 bhk, 2bhk flats starting from Rs. 11.22 lakh, in their 80 acre township "Lush County" in Wagholi.

Thanks Sakal! Your "Pune Property MahaYatra" proved to be the beginning of an era of budget homes in Pune real estate market. Now, Pune property buyers can say proudly, "Hail Pune real estate!"


View Affordable Housing Projects in Pune Real Estate Market in a larger map

Along with:

6) Gera's Park View 1 at Kharadi,

7) Sunshine Hills near Bishops' School at Undri - Kondhwa annex (!),

8) Kenjale Pophale Associates' Spring Meadows at Ambegaon,

9) Runwal Groups's Euphoria at Kondhwa Budruk, opp. Talab Factory offering 1, 1½, 2, 2½, 3, 3½ BHK flats and

10) Sara City, a 50 acre mega township at Chakan, offering 1 BHK flat for Rs. 6.99 lakh, these projects offer good options of affordable housing for Pune property buyers.

How to negotiate the property rate of a luxurious housing project in Pune?

By now, i am sure, you must be convinced about the "uniqueness" of Pune real estate market. Here demanding, abusing, complaining about not reducing property rates or even "waiting without booking" is not going to work.

Pune builders are not going to give up so easily. They are shrewd and resourceful marketers. In the second half of 2008, when property buyers practically stopped booking a flat, without substantially reducing the property rates of their on going projects, Pune builders took a diversion and opened a new market of an "affordable homes" and secured their position.

Now, while negotiating the property rates of on going "luxurious" projects in Pune, you have to really work hard.

In last couple of months, there is no "new supply of properties" in this category. On weekends, if you visit any site office, you can see that property buyers have started visiting. Not only that, actually, bookings are happening. Most important point is, Pune builders know how to market their projects in recession.

In this recessionary market, when there is less supply and enough inquiries to boost the moral of salesperson, do you think you will be successful in convincing Pune builder to be reasonable about property rates of his on going "luxurious" project?

For example: How can you convince Darode Jog to reduce the property rate of Crossover County on Sinhagad road? If you try to negotiate Rs. 3,500 per sq.ft., they will suggest you to go for the 'rational' property rate of Rs. 2,500 per sq.ft. in Greenland-County, off Sinhagad road!

Please, tell us in the comments (Comments Policy),, how are you going to convince the Pune builder to reduce the property rates?

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Are you visiting my blog for the first time?

Thanks for visiting! On this blog we talk about latest happenings in Pune real estate market. We means, around 1000 readers and I, Ravi Karandeekar. We have free, frank, informative, hot, angry and some times meaningless discussion on this blog. To get the feel, please, visit these 2 posts and join the conversation by subscribing to this blog or to my Google group.

1) Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

2) Most popular posts in March 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

Tuesday, April 14, 2009

US radio jock calls Indian IT workers 'slumdogs'

Good news for Pune real estate market:

A radio jock who frequently goes out on limb has once again pushed the limit of political correctness, this time referring to workers handling outsourced jobs in India as “slumdogs”.

The freshly-minted epithet, derived from the movie Slumdog Millionaire, came from Rush Limbaugh, America’s most widely heard radio host, during a discussion on the economy last week.

Responding to a listener’s call about flight of jobs, Limbaugh referred to President Barack Obama’s statement that the jobs aren’t coming back to America.

He then explained, “They’re outsourced for a reason, an economic reason, and they’re not coming back. If you’re sitting out waiting for a job that’s now being done by a slumdog in India, and you’re waiting for that job to be cancelled, for the slumdog to be thrown out of work, and you to get the job, it ain’t going to happen.”

Limbaugh used the epithet without provocation. The caller who phoned in had not even referred to India, but the radio jock was only too eager to stick it into the country that has come to be seen as the grand central of outsourcing.
To read more, please, visit - The Economic Times

So how does this relate to Pune Real Estate?

I don't think that "it's OK to call someone a "dog" because he lives in a slum." Obviously, i don't want to ask Rush Limbaugh, America’s most widely heard radio host, "how can you dare to call someone a "dog" when he lives in a flat?"

I didn't blog this story because it proves that the movie "Slumdog Millionaire" has become as popular as a "hot dog" in US.

I am blogging this story because i want to give a good news to my clients who feel "little uncertainty" about their jobs when in the comments someone says, "Infosys and other companies are planning to lay off 50,000 employees every quarter till the recession is over." I want to tell them, "Look! Even a radio jock in US knows that your jobs are safe!"

Please, don't mind his style. Radio jock knows that every dog has it's day. If not President Barack Obama, at least "Slumdog" will give him his 15 minutes of fame!

However, don't you think that, "how to duck a shoe" is an essential skill. Not only a president or a home minister but even a common citizen should master it.

Please, share your views, (Comments Policy), not about the shoe or about the dog, but about the job uncertainty. Is it really preventing you from booking a flat?

I ask this because Mont Vert's solution for job uncertainty, Rent Today Own Tomorrow, received unexpected response! In the first week itself, more than 12 property buyers preferred to purchase than rent "high budget flats" in their projects on Pashan Baner link road!

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Are you visiting my blog for the first time?

Thanks for visiting! On this blog we talk about latest happenings in Pune real estate market. We means, around 1000 readers and I, Ravi Karandeekar. We have free, frank, informative, hot, angry and some times meaningless discussion on this blog. To get the feel, please, visit these 2 posts and join the conversation by subscribing to this blog or to my Google group.

1) Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

2) Most popular posts in March 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

Builders tread cautiously on realty street

It is not about Pune builders!

Some of the tastefully done-up stalls at the property exhibition at the Bandra-Kurla Complex (BKC) are as large as one-bedroom apartments. Smart marketing girls move around with glazed brochures, pitching upcoming residential projects to prospective home buyers.

In the adjoining seminar hall, there is much bonhomie among the assembled builders, gorging on a lavish vegetarian spread. To many, it may seem to be business as usual for Mumbais property czars. But behind the broad smiles is a growing concern about the stormy days ahead.

The construction industry is suddenly down in the dumps and builders are still unwilling to say when they will relent and reduce prices. But across the city, massive cranes, which were once swinging at frenzied pace, have slowed down considerably.

Developers have drastically cut down work on their under-construction projects. For instance, if a builder was laying one slab a month, the pace has slowed down to one slab in three months. When flats are no longer selling as briskly as they used to, there is little point in speeding up construction work, a leading builder confessed privately to this newspaper recently.

Some of them are also believed to have postponed launching new projects. Banks and financial institutions have also turned on the screws. A couple of years ago, they stopped lending money to builders for land acquisition. Now, even loans for construction has virtually come to a halt since the past three months, industry sources said. Banks have become extremely choosy about lending money to builders, they said.
To read more, please, visit - Nauzer Bharucha - The Times of India

Isn't it about Pune builders too?

What's going on in Mumbai real estate market? Slowing down construction, postponing project launches, etc. Have seen it happening in Pune real estate market? Please, share your observations in the comments. (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

Subscribe for Free!

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For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group

Are you visiting my blog for the first time?

Thanks for visiting! On this blog we talk about latest happenings in Pune real estate market. We means, around 1000 readers and I, Ravi Karandeekar. We have free, frank, informative, hot, angry and some times meaningless discussion on this blog. To get the feel, please, visit these 2 posts and join the conversation by subscribing to this blog or to my Google group.

1) Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

2) Most popular posts in March 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

Saturday, April 11, 2009

Mont Vert reduces property rates, infrastructure charges & offers 11 months rent as an additional discount for spacious flats in Tropez at Wakad, Pune

Own Today and Take Possession in June 2009!

Offer valid for limited flats!

Reduced property rates: From Rs. 3,199 to Rs. 2,566 per sq.ft.!

This is good! Costing sheet of Mont Vert Tropez with me had a property rate Rs. 3,199 per sq.ft. which is now reduced to Rs. 2,666 per sq.ft.

Not only that, today Mont Vert has reduced infrastructure charges and reserved car parking fees too.

Infrastructure charges are reduced to Rs. 85,000 from Rs. 1,25,000.

From Rs. 2,25,000, reserved car parking has come down to Rs. 1,75,000.

Rent Today Own Tomorrow:

Besides reducing property prices and infrastructure charges, though the possession is in June 2009, Mont Vert Luxury Homes is offering 11 months rent as an additional discount to you.

Which means, approximately, Rs. 1,32,000 off on 2 bhk, Rs. 1,43,000 off on 2.5bhk and Rs. 1,65,000 off on 3BHK!

Which means, approximately, additional property price reduction by Rs. 100 per sq.ft.

Means current property rates, for a few flats, in Mont Vert Tropez is Rs. 2,566 per sq.ft. (approx)!

Hinjewadi deserves it!


View "Take a first left turn as you drive down the Hinjewadi flyover!" in a larger map

More than reduction in property price and infrastructure charges what i liked most about Mont Vert's initiative is it's professionalism and openness.

No secret negotiation or an exclusive deal, Mont Vert advertised the price reduction!

I hope, other builders in Wakad will stop feeling ashamed of reducing property prices and start advertising their reduced property rates.

After all IT professionals working in Hinjewadi, prefer Wakad. And they deserve spacious flats.

Not reducing rates and offering small 1 or 2 bhk flats is nothing less than showing disrespect to those who created boom in Pune real estate market.

With "Rent Today Own Tomorrow" offer Mont Vert demonstrated that they understand your concerns. With this 'open property rates reduction' Mont Vert shows how much they respect you.

Don't you think you deserve spacious 2.5 bhk flat of 1300 sq.ft. in 40 lakhs or 3 bhk flat of 1500 sq.ft. in 45 lakhs? Rest are for - don't know exactly for whom - but, for sure, not for the IT professionals working in Hinjewadi. Right? Please, share your views in the comments. (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

Subscribe for Free!

To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group

Are you visiting my blog for the first time?

Thanks for visiting! On this blog we talk about latest happenings in Pune real estate market. We means, around 1000 readers and I, Ravi Karandeekar. We have free, frank, informative, hot, angry and some times meaningless discussion on this blog. To get the feel, please, visit these 2 posts and join the conversation by subscribing to this blog or to my Google group.

1) Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

2) Most popular posts in March 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

Friday, April 10, 2009

Real estate developers warn to potential home-buyers, "If you wait too long, there could be dire consequences"

End the waiting:

At a time when real estate prices seem to be in free-fall, many potential home-buyers are sitting on the fence in the hope that prices will drop still further.

Real estate developers are now warning that if they wait too long, there could be dire consequences for a number of support industries, millions of unskilled labourers and the wider economy itself.

Prakash Challa, president of the state branch of the Confederation of Real Estate Developers’ Association of India (CREDAI), warned that the confused consumer could push the market too far.
“When they hear that prices have fallen over 30 per cent, that interest rates are likely to fall further, they think they are better off waiting,” says Prakash Challa.
However, developers are already operating with minimal margins and would be forced to delay or pull out of projects if the market falls further, he said.

Mr. Challa also blamed the Union Finance Ministry and the Reserve Bank of India for adding to the real estate sector’s problems.
To read more, please, visit - The Hindu - Priscilla Jebaraj

My dear friends, why are you doing this?

Booking a flat means fighting recession.

Booking a flat means contributing to the GDP growth of India.

Booking a flat means beating China.

Booking a flat means taking a step to make India super power.

Booking a flat means loving your mother India.

Indian real estate developers who give you an opportunity to serve your mother land are angry with you.

My dear friends, why are you doing this?

Why are you waiting?

Please, share your thoughts in the comments. (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

Subscribe for Free!

To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

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Thursday, April 9, 2009

Pune real estate market report:

Real estate sales stagnate:

According to the report, released by realty research and advisory firm Xxxxx Xxxx XxXxxxx Xxxxxxx on Monday, the field is now open for genuine buyers to exploit the rationalized rates.

Under construction properties are only selling if they are under the banner of a reputed and credible developer, for the rest, only ready-to-move-in options count, the report elaborated. Read More

Real estate sector looking up!

Citing the recent experience of a host of developers in the city, X X X X has said that the real estate sector in Pune is beginning to look up.

Mr. Xxxxx Xxxx says that the first signs of the turnaround that are visible now can be attributed to factors like low interest rates on loans, reduction in real estate prices and most importantly a change in the sentiments of the people, which was also a major reason for the downturn in the first place. Read More

Wait Wait...Don't Tell Me!

However, if you insist, please, write in the comments: (Comments Policy),
1) name of the realty research firm who reports "stagnation" and
2) Who says "Looking Up"!

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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Tuesday, April 7, 2009

Are real estate bears running out of time?

For more than two years now, a set of people have been screaming from rooftops about the existence of bubble in Indian real estate market.

After getting convinced about this so called bubble, all sorts of doomsday scenarios in the aftermath of the bursting of this bubble were conjured up.

The pet argument is that prices rose 300% in three years beginning some time in 2004-2005 and wage gains were much smaller during this period.

This is not a sound economic argument, in fact it amounts to little more than quackery or spin-doctoring.
To read more, please, visit - Your Life, Your Investments - Real Estate and Stocks

What's your take on the crash of Pune real estate market?

I find this blog, written by "THE BOSS", very amusing! It talks about "crash", "bust of Pune real estate bubble"!! I don't think these are any more issues. What say you? Please, visit the blog and share your views in the comments. (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

Subscribe for Free!

To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

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Most popular posts in March 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

According to Google Analytics:

1) Shame, Shame, Shame ...
What is going on in Pune real estate market?


2) Rent Today Own Tomorrow

3) Paranjape Schemes opens booking of first 200 bungalows in Forest Trails - 140 acre township at Bhugaon, 10 -15 minutes away from Kothrud and Hinjewadi

4) Parking space: Pune property buyers have finally started asking for what should have rightly come free!

5) Goel Ganga Group launches "Good Value Homes" in the range of Rs.18 lakhs to Rs.30 lakhs at Sinhagad Road, Aundh Annexe, Chinchwad and Undri

6) What should be the rational property rate of Blue Ridge Hinjewadi?

7) Rohan Builders cuts property rates of Leher and Mithila by Rs. 600 per sq. ft. and 'agrees' to reduce your booking rate in case of future reduction!

8) Many more Pune builders may follow Mont Vert's solution - Rent Today Own Tomorrow

9) Now, rental dip threatens real estate investors

Most talked about Pune real estate market news:

Here, on Ravi Karandeekar's Pune Real Estate Market News Blog, i only open the topic.

I start the conversation and then you all join, express your views, present your point of view and make this blog useful for the property buyers, living in Pune, USA or in any part of the world.

For me "comments on the blog" reflects the importance of the topic. Here are 5 posts with maximum number of comments:

1) 48 comments

2) 23 comments

3) 18 comments

4) 12 comments

5) 12 comments

Now, Ravi Karandeekar's Pune Real Estate Market News Blog has more than 1,000 posts. Recently, i have realized that number of 1st time visitors to this blog is increasing every day. This post and the previous post about most popular posts in March 30th - April 6 week, is basically for them. These lists will give them some idea about the topics covered and different views expressed on this blog.

If you are a regular reader, i am sure, re-visiting these posts can help you take a learned decision about investing in Pune real estate market. For example, in March we talked about two initiatives which deal with two important issues - 1) Delayed possession 2) Reducing property rates. I hope, this discussion will help you to minimize the risk while booking a flat in Pune real estate market. What say you? Please, share your views in the comments. (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

Subscribe for Free!

To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group

Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

According to Google Analytics:

1) Insignia - housing group formed by IT professionals working in Hinjewadi, Pune, finalizes their first scheme of 2 and 3 bhk flats and Town Houses

2) Anand Jog, Director - Darode Jog Properties, on budget homes and property rates of Greenland-County at Narhe Ambegaon, off Sinhagad road, Pune

3) Ashish Yadav invites you to join his group to book a flat at Rs. 2,525 per sq.ft. in Baner Balewadi!

4) An exclusive offer from Belvalkar Housing for flats, row houses, twin bungalows and independent bungalows in Belvalkar's Solacia at Wagholi

5) Darode Jog opens bookings of Greenland County at Narhe Ambegaon, off Sinhagad Road at Rs.3,000 per sq.ft. in Pune Property Mahayatra Exhibition

6) Get in touch with Vinay Deshpande if you wish to build your own bungalow in Pune

7) Is it an invitation for a collaboration or a proclamation of war or the last warning to Pune real estate developers?

8) Pune's growth key to cheap housing'

9) How many cancellations happened at Blue Ridge?

Feeling proud for helping "property buyer's initiatives"!

Out of 9 popular posts, 4 are on property buyers initiates! Insignia, Ashish Yadav and Vinay Deshpande's initiatives of forming a property buyers group to own a home at a reasonable rates.

If "launching of Paranjape Schemes' Blue Ridge" was the highest point of real estate boom in Pune, we can say that the "launching of Nanded City Pune" was "the end."

Then, can we say that launching of Darode Jog's Greenland-County, a beginning of a new era?

Completely different from what Dileep Athavale, business editor of Times of India, Pune and my old friend, had predicted. A new trend of quality affordable housing with amenities, for non IT property buyers who have a small budget?

I am worried about those young, first time, IT property buyers, who happened to enter in Pune real estate market at a point when their colleagues had contributed a lot in inflating property prices.

Feeling angry against the builders in Pune, these property buyers were anxiously waiting for the property prices to come down and they can afford to buy a home in their budget at their preferred location.

What will happen to them?

Because of the holding capacity of their colleagues, senior IT professionals turned real estate investors, rates of resale flats are not coming down. At the same time, all most all builders are going to launch "affordable housing" to avoid reducing property rates of the ongoing projects.

Are they going to miss an opportunity to own a home?

Or will they come to terms? Will they accept that real estate is a local business? Pune real estate market may take a different turn than Delhi - NCR or Bangalore real estate!

"Supply and demand" not only influences the property rates, it compels the sellers, for example Darode Jog Properties, to create a "new market" too!

I think, these posts reflects these important trends and turning points in Pune real estate markets. What say you? Please, share your views in the comments. (Comments Policy),

Feel free to call me:

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Sunday, April 5, 2009

Recycling of waste water in Pimpri Chinchwad Municipal Corporation - modifications in DC rules

Read the proposal and give your suggestions and objections:

 The use of recycled water will soon be made compulsory for housing societies and new buildings located on plots measuring 4,000 sq mtr and above in non-congested areas in Pimpri-Chinchwad.

The recycled water is to be used for all purposes other than drinking.

The general body of the Pimpri-Chinchwad Municipal Corporation has approved a resolution to this effect.

Now, in order to implement the provision, the municipal corporation is all set to include it in its development control rules.

For this, it has invited public suggestions and objections to the proposal.

After hearing the suggestions and objections received in the next one month, the proposal would be sent to the state government for final approval.

The entire process of amending the development control rules is expected to take a few months.

Visit "Google Docs" to read the proposal:

http://docs.google.com/fileview?id=F.547d06db-2ceb-4130-87db-2f8a397f3186

What is your take on the installing and maintaining recycling system in your housing society?

“The owner of the building or the housing society shall ensure that the system used for recycling of waste water is maintained in good repair and the recycled water shall be used for non-potable purposes like flushing of toilets and gardening,” Ashish Sharma, municipal commissioner PCMC, has stated in his proposal.

If the owner or the housing society fails to provide or properly maintain the water recycling system, a fine of Rs 1,000 per year (or as decided from time to time) for every 100 sq mtr of built-p area would be imposed, the proposal says.

Can your housing society afford to install and maintain the recycling plant? Please, share your views in the comments. (Comments Policy),

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110

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To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

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