Tuesday, June 14, 2011

The Hero of Pune Real Estate Market

Visit to Pate Developers' "BALARK arcadia", near Rajyog Society, off Sinhagad Road, Pune


All Inclusive Launch Property Prices at Pate Developers' "BALARK arcadia":


1 BHK Flat - 400 to 437 sq.ft. Carpet + 75 to 105 sq.ft. Terrace - Rs. 25.16 to 27.97 Lakhs

1.5 BHK Flat - 510 to 515 sq.ft. Carpet + 70 to 137 sq.ft. Terrace - Rs. 30.80 to 33.11 Lakhs

2 BHK Flat - 610 to 654 sq.ft. Carpet + 82 to 109 sq.ft. Terrace - Rs. 36.52 to 38.54 Lakhs

Wet Weekend, Wanjale & Wani:


Mr. Pramod Wani, Director, Pate Developers, at "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune
Mr. Pramod Wani, Director, Pate Developers, at "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune

As predicted, this weekend was wet. Sinhagad Road was completely closed for the funeral procession of Ramesh Wanjale, MNS MLA from Khadakwasala. In spite of all these odds, Mr. Pramod Wani told me very proudly, around 200 property buyers visited "BALARK arcadia".

Pate Developers' "Serene County" and "Madhukosh", a residential project of compact 1 BHK, 2 BHK & 3 BHK Flats with spacious terraces - next to Rajyog Society on Sinhagad Road, Pune!

"BALARK arcadia" - around 195 Flats in 3 buildings of 11 / 8 stories with 2 staircases & 2 lifts - was planned an year and a half ago. In the days of 'world financial crises' - when you had almost stopped booking.

Pate Developers had 'signed' and 'shot' Subodh Bhave and Purva Gokhale, leading pair of the popular Marathi TV serial - "Kulvadhu" - on the ZEE Marathi Channel.

However, as per our corporate philosophy, Mr. Pramod Wani, Director, Pate Developers told me that, we decided not to launch "BALARK arcadia" unless 'legal tangle' is not cleared.

In the mean time, Subodh Bhave played the role of Balgandharva, in Nitin Chandrakant Desai's film on legendary actor of Marathi Musical Theater.

To relate to the current popular film of the brand ambassador of "BALARK arcadia", Pramod Wani took extra efforts to use original images of Subodh Bhave as Balgandharva in the launch ad.

"Subodh was here for 3 & half hours in the morning. He inaugurated the sample flat and launched the project. See his photos on my Facebook!," Mr. Pramod Wani said very proudly.

"Sure! For me, you are the hero of Pune real estate market!! Can i take your photograph?," i requested Mr. Pramod Pate, Director, Pate Developers.

If you are one of the thousands of property buyers in Pune real estate market,
who are victims of builders' trick of - collecting interest free funds by launching the project - without necessary permissions - you will understand why Mr. Pramod Pate is a hero!

"BALARK arcadia" Photo-walk:



View Pate Developers' "BALARK arcadia", near Rajyog Society, off Sinhagad Road, Pune in a larger map

Sinhagad Road to Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Pune
Sinhagad Road to Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Pune

Road to Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune
Road to Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune

Road to Crossover-County, Vasant Vihar, Miami, Rajyog & Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, off Sinhagad Road, Pune
Road to Crossover-County, Vasant Vihar, Miami, Rajyog & Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, off Sinhagad Road, Pune

Vasant Vihar, on the way to - Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune
Vasant Vihar, on the way to - Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune

Darode Jog Properties' Crossover County, opposite Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune
Darode Jog Properties' Crossover County, opposite Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune

Pre launch booking open! Mantra & Majestique's "Miami" (!?) On the way to Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune
Pre launch booking open! Mantra & Majestique's "Miami" (!?) On the way to Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune

Entrance gate of Rajyog & Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, Sinhagad Road, Pune
Entrance gate of Rajyog & Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, Sinhagad Road, Pune

Rajyog Society & the site of Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, Sinhagad Road, Pune
Rajyog Society & the site of Pate Developers' "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, Sinhagad Road, Pune

Park to visit the Site office & Sample Flat of Pate Developers "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune
Park to visit the Site office & Sample Flat of Pate Developers "BALARK arcadia", 1 BHK - 1.5 BHK - 2 BHK Flats, near Rajyog Society, Sinhagad Road, Pune

Subodh Bhave inaugurates the sample flat of Pate Developers' "BALARK arcadia" Sinhagad Road, Pune
Subodh Bhave inaugurates the sample flat of Pate Developers' "BALARK arcadia" Sinhagad Road, Pune

Pate Developers' "BALARK arcadia" Contact for Booking
Pate Developers' "BALARK arcadia" Contact for Booking


Related Stories:


1) SATURDAY, JUNE 11, 2011

1 BHK, 1.5 BHK & 2 BHK Flats on Sinhagad Road Pune Launched!



2) MONDAY, JUNE 13, 2011

Is Pune real estate market about to crash?

3) WEDNESDAY, JUNE 1, 2011

May 2011 - Most popular blogs on Ravi Karandeekar's Pune Real Estate Market News Blog

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19 comments:

  1. A patali gali (narrow lane - very well shown in the pics above) leads to Kopchaa (corner) where this Chawl (match box apartments) is located with small scale industries (with noise pollution 24x7 - yes as the small scales don't follow the norms of not working in the night) and cement factory fumes in the surrounding area and transport trucks blocking the roads. The buildings are closely connected to each other blocking air ciruclation and the project is without any swimming pool and is den of mosquitoes reminds me of hollywood cannibal movies. And at Rs. 3500/- sq.ft. the builder is certainly a villain masquerading as a hero.

    ReplyDelete
  2. Dont feel bad Sanjay, but what this match box type apartments were also a dream come true for our parents at their time.Kothrud was also the same at certain time and even today has the worst night mare.What is missing is the needed government planning to create cities to accomodate futuristic planning.. try this http://www.iihs.co.in/ and then comment...

    ReplyDelete
  3. Hello Sanjay!

    You have posted similar comment on the other blog. You have said:

    "sanjay said...
    This Balark site is behind infamous Darode Jog crossover county project. Though this builder (Mr. Pate) claims it to be part of Corporation limit, it isn't really as of now. Also there is no sweet water (for drinking) available in that area. The plot location is at the very corner side between DJ and Rajyog society. There is Cement Block factory behind the Balark site. The owners will end up spending their whole life cleaning the cement fumes which comes to their terraces and windows. The Cement factory dumpers (trucks) with frequency of 2 min block the narrow road which connects to the Balark site. This area is no man's land in the evening and land of mosquiotes just like any haunted place in India. Also all the flats are without dry balconies and other terraces are unnecessarily larger than the rooms. The rate Rs. 3500/- which Balark is quoting is unnecessarily high. Strict NO for investors/buyers."

    1 BHK, 1.5 BHK & 2 BHK Flats on Sinhagad Road Pune Launched!

    I was not at all impressed with the location till i mate someone who lives in the adjoining Rajyog Society on a rent.

    He told me that 'the crowd' - the residents, open space and the parking were the main reasons for him to consider "BALARK arcadia", Miami by Mantra & Majestque and Vasant Vihar - which are on the same road and charge more or less the same property price.

    When i asked him "How about Nanded City Pune?"
    He rejected it as if it is far way from Pune - somewhere near Nagpur!

    I think many people in Pune believe that they deserve less and should accept what is offered to them.

    So, a person like you, dear Sanjay, is considered as "negative" person who is not aware about "reality" of life!


    After the site visit, while getting in a car, a mother complained about the condition of the road to her son. The son said, it will be better by the time of possession! This is called positive attitude.

    Residents of Rajyog Society, who are living here for years, may be the most positive people in Pune.

    ReplyDelete
  4. That's right I stay in adjoining darode jog society which is far better than Rajyog. Like before finalizing the life partner it always makes sense to have couple of meetings with him/her :) similarly it always makes sense to stay in the project location atleast for 1 hour in a day and 1 hour once in the night. You will hardly see any lights glowing around in the flats as most of the people have bought flats here only for investments when the real estate price was very low. The people who bought flats in Rajyog got those for throwaway price (700-1500 max psqft) which justifies their decision for staying there. As a your regular blog reader I would never suggest others to invest/buy here at such a high rate and again considering the 24x7 small scale industries' hammering noise pollution. The rate around 2800-3200/- could be li'l more justifying here. This area will slowly develop over the time but the current rate doesn't justify it at all. Also as I said the size of terraces (which are in turn charged as 100% as per the new rule) doesn't make it a right decision to buy. Also basic amenities like dry balcony, swimming pool etc are missing if you carefully study this project. Other projects like Mantra (which has better amenities n plan) had lower rates around 3200 till the launch of Balark and they unnecessarily hiked it because of this Villain which is again making it beyond the reach for common man in this area. Just to reiterate, strict NO for investors/buyer at the rate currently offered.

    ReplyDelete
  5. That's right I stay in adjoining darode jog society which is far better than Rajyog. Like before finalizing the life partner it always makes sense to have couple of meetings with him/her :) similarly it always makes sense to stay in the project location atleast for 1 hour in a day and 1 hour once in the night. You will hardly see any lights glowing around in the flats as most of the people have bought flats here only for investments when the real estate price was very low. The people who bought flats in Rajyog got those for throwaway price (700-1500 max psqft) which justifies their decision for staying there. As a your regular blog reader I would never suggest others to invest/buy here at such a high rate and again considering the 24x7 small scale industries' hammering noise pollution. The rate around 2800-3200/- could be li'l more justifying here. This area will slowly develop over the time but the current rate doesn't justify it at all. Also as I said the size of terraces (which are in turn charged as 100% as per the new rule) doesn't make it a right decision to buy. Also basic amenities like dry balcony, swimming pool etc are missing if you carefully study this project. Other projects like Mantra (which has better amenities n plan) had lower rates around 3200 till the launch of Balark and they unnecessarily hiked it because of this Villain which is again making it beyond the reach for common man in this area. Just to reiterate, strict NO for investors/buyer at the rate currently offered.

    ReplyDelete
  6. Hi Ravi,
    I think you should start writing fiction novels rather than blogs. How come things like "Mom said to son" and some "Rajoyg guy told u" happens only in your case. It seems you are helping builders rather than the investors. I stay in Rajyog since couple of years and most of the people in Rajyog bought the flats not by choice but by accident. Half of the Rajyog flats/row houses (and flats in surrounding projects) are not occupied. Most of the owners are waiting to sale/rent out the apartments. The so called "crowd" as you have mentioned is land mafias, road romeos and small scale industry workers. This area is worst than any slum in the city because at least the city slum has police station, corporation water, grocery shops and medical emergencies in the vicinity.
    I think you are just clicking the pics like any outsider and suggesting to buy the flats by calling the builder Hero. I personally don't think any builder is hero in this area. It is very surprising that you did not notice the Cement blocks factory opposite the wall of Ballark. I know you are realistic and clicking that picture (which is not very far but just opposite the wall) won't influence the buyer's decision but will give nightmares (because of noise pollution and road blockages) to the people who will invest their hard earned money to buy the flats here at very high rate by blindly following the blog. Also there can't be any future road widening ere as there are approved road touch projects on the both sides of the narrow road which connects Ballark. So, next time if you come, I would also suggest to come in the night and take feedback from roadside lying drunkards (for which you don't have to write any fiction, as it is a reality). So, as a resident since couple of year, I would recommend buyers to invest in Nanded city which is not as far as "Nagpur" but just 5 min away from this project and is well connected.

    ReplyDelete
  7. Dear Rupesh,

    1) Thanks for sharing your first hand experience of living in Rajyog, adjacent to "BALARK arcadia".

    2) This is a blog. It's two way communication. I write half. Remaining half is written by you. By the reader.

    Dear Rupesh, thanks for adding valuable information to this post.

    No. I don't expect you to thank me for creating this platform (and not moderating the comments) where you can share "true" experience.

    3) My mobile number is 919860044110. And my email id is RaviKarandeekarsBlogs@gmail.com

    Dear Rupesh, please, invite me to Rajyog. I would like to write and make a video about a life in your Rajyog Society.

    I want to understand why all of you Sanjay, other residents & you - live here - but tell others not to!

    It's very kind of you. I admire you for caring for others.

    ReplyDelete
  8. Hi Ravi,
    You are always welcome. But I don't think there is hardly anything you can change as a 'common' blog man.
    Also the govt policies like other readers have mentioned, don't come into immediate effect and no one including Annas, Babas can help here.
    I think you are not reading and writing the content carefully. The concern I expressed was when you have lot many options including Nanded city, buyers should not waste their money in this project at a very high rate i.e. Rs. 3500/-. They are always welcome to this neighbourhood provided the rate offered is in between 2800-3200 considering all these compromoises mentioned above. As mentioned people bought flats in this area by accident and not by choice and also the rate offered was very low at that time and there was no blog like yours avaialble for 'candid' feedback about the project. Going forward I would expect 360 feedback from your side (in your half side of review) as there may or may not be readers to give any feedback for any project. I can understand the review cannot be full of negatives but at least it should highlight Pros and Cons of buying at offered rate. You can also moderate the comments provided that there is no cement factory opposite the wall of this project and you see any scope for road widening here (provided that there are approved road touch projects on boths sides of the road with fences laid down). What a son said to his mother (based on Son's knowledge) cannot be deciding factor for people who are buying home for lifetime.

    ReplyDelete
  9. Dear Rupesh,

    My mobile number is 919860044110. And my email id is RaviKarandeekarsBlogs@gmail.com

    You and other residents of Rajyog Society, I assume, can spare some time on the weekend. So, please, call me to fix the visit. On this weekend?

    Dear Rupesh, you have suggested an important improvement in Ravi Karandeekar's Pune Real Estate Market News Blog - opinion of the residents living in the neighborhood. Thanks! I must implement it immediately.

    Now, it's time to take an action. Thanks for helping me to make my blog more useful for the property buyers.

    ReplyDelete
  10. Dear Rupesh, this blog is not a review of the project.

    This blog is about the builder who waited for 1 and half year to launch the project.

    The builder is a hero because he didn't take the property buyers on ride by launching a project which is not 'clean' and 'clear'.

    However, you added a new dimension to it by sharing your experience of living in this neighborhood.

    Thanks! If you hadn't shared your experience, the would be property buyer would not have known these issues.

    Now, let us find out why you all suffer here!

    See, Rupesh, i am basically a real estate salesman. For me, you - the property buyers - matter more than Pune real estate.

    ReplyDelete
  11. I think getting approval is an implicit thing for starting any project. Most of the builders get it, others get it by hook or crook over a period of 1-1.5 years after starting the project. This doesn't affect end customers as their posessions are after 3-4 years. There are hardly any cases of builders not having approvals as they don't want to spoil their image in this peak real estate time. Even if any builder had got approval 1 year back in Sinhgad area, he would have waited for some time to start the project as the real estate was down due to recession and now they can make Dhayari flyover as an USP for the project and charge accordingly in this peak time.
    It seems it takes long time for residential project approvals in the said project area as it is surrounded by industries' noise pollution as someone said above. So, in this case the builder definitely 'Hero' for managing the under table approval and god father like you for marketing it :).

    ReplyDelete
  12. I think Mantra & Majestique's "Miami" is good option. what do you think Ravi?

    ReplyDelete
  13. @sanjay
    you hit the nail.
    Rs. 3500/- sq.ft. at this junk location is a big joke.
    Ravi, please give at least 1% attention in the interest of true home buyers than builders lobby.
    Looks like you get good FAT commission from builders to promote their junk(read again) projects.

    Ravi, you must have some nice home bought at low price and now you are enjoying tamasha for people who dont have their home and dreaming of it.

    do you have guts to buy something junk at such a HIGH price ?

    ReplyDelete
  14. Dear Trupti,

    My first priority is the quality of the property.

    I know that Pate Developers are one of the few quality builders in Pune.

    I will be happy to buy in Pate project, without considering the location.

    After the possession, i will proactively take a part in making my neighborhood better.

    ReplyDelete
  15. Dear Trupti,

    About the location - Property buyers' over importance to the location is one of the 2 reasons which decide the property prices.

    Other reason is booking at the launch or under construction stage of the project.

    Thanks for creating awareness about these 2 issues by sharing your views.

    Both of us want 'change'. You are not paid to read this blog and share your valuable insights. I am also not paid to start this topic. We are just doing our best to change the world.

    ReplyDelete
  16. Hi Ravi,

    Your post is informative but i find it absurd when builders, brokers and now even you wants investors to belive that the rates charged are normal.. For eg as pointed out by many readers above if you go to the area at night you will hardly see the road plus lots of drunked and local goons around.. How can you recommend such area.. and 3500 for this piece of shit..ITs not only this area but in most parts there seems to be a situation where people are trying to extract the most as if this is end of world.. 1 BHK is a decent locality is more that 30 lakhs which is unbelievable ...i think Mr Ravi its time to respect the common man and his hard earned money

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  19. Hi Amit, it seems you don't understand English or you are too amateur to understand the concerns expressed above. If not, you must be real estate salesman in that area.

    ReplyDelete