Wednesday, September 15, 2010

Affordable 2 BHK Flats in Pune real estate market

"Affordable housing, the result of the economic slowdown that engulfed the country’s real estate sector in late 2008 and most part of 2009, is here to stay amid the talk of a comeback of confidence in home buyers.

The phenomenon is apparent in the fact that nearly 50 per cent of the dwelling units offered by developers in recent weeks are in the affordable category and buyers seem to be lapping them up." - Dileep Athavale, TNN

In the last couple of weeks, i have learned a lot about "Affordable Homes in Pune".

At Darode Jog Properties' Westside County at Pimple Gurav, i learned that a 1.5 BHK Flat, of 519 sq.ft. carpet area and 60 sq.ft. terrace, for Rs. 31,09,164, at the property price of Rs. 3,500 per sq.ft. is an affordable home. At Westside County, i also learned that, a 2 BHK Flat, 634 sq.ft. carpet area and 128 sq.ft. terrace, for Rs. 35 lakhs, at the property rate of Rs. 3,400 per sq.ft., is called an affordable 2 bhk flat in Pune.

I learned from Mr. Dileep Athavale that Paranjape Schemes' 1 BHK Slim Fit Home in Blue Ridge Hinjewadi, 569 - 571 sq.ft. saleable area, for Rs. 26 Lakhs is also an affordable home for a young property buyer in Pune.

Affordable Homes in Pune - Shortage of Quality Houses in Pune
Affordable Homes in Pune - Shortage of Quality Houses in Pune

Dileep's article "Affordable homes mainstay of realty deals" also told me that 50% properties in Pune real estate market are affordable homes. Since, this article was published on Monday, 13th September 2010, i read all property prices i had collected on Sunday, 12th September 2010 in Credai Pune's official property exhibition in Le Meridien.

When i entered the property prices of more than one hundred 2 BHK Flats in Google Spreadsheet, i understood the definition of an affordable home. Now, i have only one question. Is Vastushodh's 2 BHK Flat for Rs. 20 Lakh at Kondhawe Dhawade Pune 411 023 an affordable home? Please, if you don't mind, go through my list of affordable 2 BHK Flats in Pune real estate market and tell me:



Related Stories:


1) FRIDAY, SEPTEMBER 10, 2010

Saarrthi Sinclair Homes, 1 BHK, 1.5 BHK & 2 BHK Flats at Warje Malwadi Launched!

2) MONDAY, SEPTEMBER 13, 2010

Aishwaryam Courtyard, on Akurdi Chikhali Road, Near Pradhikaran, Sane Chowk, Pimpri Chinchwad Municipal Corporation (PCMC), Launched!

Property Prices at Aishwaryam Courtyard, on Akurdi Chikhali Road, Pimpri Chinchwad Municipal Corporation (PCMC):
1 BHK Flats - Rs. 14.11 Lakhs Onwards & 2 BHK Flats - Rs. 19.97 Lakhs Onwards!
Other charges Extra - Limited Period Offer!

3) FRIDAY, SEPTEMBER 3, 2010

August 2010 - Most popular blogs on Ravi Karandeekar's Pune Real Estate Market News Blog

75,194 Page Views from 1 to 31 August 2010 - According to Google Analytics:

4) MONDAY, JULY 12, 2010

2 BHK Flat for Rs. 20 Lakhs at Kondhawe Dhawade Pune 411 023 - Sachin and Nitin Kulkarni's pre-launch presentation to Vastushodh's Google Group members

5) 1) FRIDAY, JULY 9, 2010

"My budget is 20 lakhs and I want to own a 2 BHK Flat in Pune!"

6) FRIDAY, JULY 2, 2010

Pre-launch presentation on "Vastushodh's 2 BHK Flat for Rs. 20 Lakhs", all inclusive, near Warje, Pune
Only for the members of Vastushodh's Google Group - on 11th July 2010, Sunday, at 10am:

7) TUESDAY, JUNE 29, 2010

Searching the site of Vastushodh's "2 BHK Flat for 20 Lakhs" project near Warje Pune
At the NDA Gate:

8) TUESDAY, JUNE 22, 2010

2 BHK Flat for Rs. 20 Lakhs, near Warje Pune - almost surely!
Join Vastushodh's Google Group!

9) THURSDAY, MAY 27, 2010

2 BHK Flat for Rs. 20 Lakhs, all inclusive property price, near Warje Pune!
Join Vastushodh Projects' Google Group - Vastushodh's 2 BHK Flat for Rs. 20 Lakhs all inclusive near Warje Pune
Now, Vastushodh Projects' housing solution for the young first time home buyers in Pune real estate market!

10) WEDNESDAY, JUNE 2, 2010

“2 BHK Flat for Rs. 20 Lakhs near Warje Pune! Sachin, are you joking?”

11) Vastushodh Projects' Google Group

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6 comments:

  1. Ravi, Thanks for your hard work in collecting and publishing this data.

    Helps...to know that houses are "affordable" in Pune if you buy from local 3rd grade builder in the remote suburbs where quality of life is crap.

    Pune RE prices are way inflated as compared to Gurgaon, Hyderabad and even Bangalore (at least these cities provide high paying jobs and far better infra than Pune).

    Pune builders are offering smaller carpet, higher loading but are not budging to reduce their exorbitant profits.

    and thanks to all NRI, mumbai folks for helping them out...

    ReplyDelete
  2. Hi wi-sec

    I'm not sure if NRIs are buying these high-priced pigeon-holes in Pune any more. I've had chats with many NRI friends (I am in one of the European countries) and they are not willing to spend that kind of money at high Indian interest rates on properties in Pune anymore. They'd rather buy in this European country, the prices here are not far off from Pune property prices and there is better infrastructure, facilities and opportunities here.
    Prices in Pune are way high for salaried NRI public. I hope Pune builders take a note of this.

    ReplyDelete
  3. Thanks for the extremely generous and valuable information, Ravi. Your blog is practical, informative and real life like. Your idea about encouraging user's comments on properties is spot on. Hope people realize the idea and make good use of it.

    All credits to you Ravi and good luck.

    ReplyDelete
  4. 2 BHK Flat for Rs. 20 Lakhs, all inclusive property price, near Warje Pune!

    is a 530 sq ft 2BHK , very near , just 15 kilometres from Warje

    ReplyDelete
  5. Sir, thanks a lot for such precise consolidated Pune real estate information. Very valuable for a first time pune home buyer. Accept my whole hearted gratitude!

    ReplyDelete