Saturday, February 15, 2014

Current Property Prices & Availability in West of Pune

'West of Pune' Property Exhibition - For What?:



(To View More Photos - Put Your Cursor Over the Current Photo)

"VITs Hotel at Balewadi is not the right venue for Pune property exhibition. Kuwait is the right venue," one of my real estate salesman friends said.

"Is this some new hotel?," I asked.

"Kuwait is a country in Gulf," he said.

"But The Times of India doesn't have Kuwait edition," I said.

"But TOI regularly organizes property exhibitions in Gulf. Where most of the visitors have enough budget to buy a property in Pune. Out of all these visitors you see around - 90 per cent don't have budget. Still they come. Know why?," he said.

"To check whether the rates have come down or not!," he said.

"When you know this - why do you take a part? Why does Times organize?," I asked.

"To tell the buyers that Pune property rates are stable - haven't come down - may go up - but will never come down," he said.

"So kind of you!," I said.

1) G G City Bavdhan, Ganga 22 Sinhagad Road & Ganga Glitz Undri:




Goel Ganga Group's (www.goelganga.com) 3 upcoming projects are - 1) G G City at Bavdhan Budurk 2) Ganga 22 on Sinhagad Road & 3) Ganga Glitz at Undri - NIBM Annex - Mr. Pankaj Chhetri, Manager, Sales & Marketing, said.

G G City Bavdhan Budruk will be 32 + acre township. Spread between Mumbai Bangalore Highway and Ram Nadi, G G City will have around 2,500 flats of 1 BHK, 2 BHK, 3 BHK.

Ganga 22 - all 2 BHK Flats in 22 story Twin-towers - will be on main Sinhagad Road, exactly opposite Ganga Bhagyoday.

6 Acre plus Ganga Glitz at Undri will have 376 Flats with high end specification & amenities.

2) Sukhwani Sepia, behind Indira College, Tathawade - Wakad, Pune:


Sukhwani Sepia Wakad (www.sukhwaniconstructions.com) has around 450 flats in 9 buildings. Approximately year ago, Sukhwani Constructions opened booing of 3 buildings - 2 of 2 BHK & 1 of 3 BHK Flats.  In these 3 buildings there are around 150 flats. Today, some 70 - 80 flats are available for booking.

Property prices of 3 BHK Flats are 79.4 - 86.73 Lakh onward. A 2 BHK comes in 2 sizes - big & small. The property price of the small is Rs. 62.21 onward, The big is 65.87 Lakh onward.

90 per cent construction of these 3 buildings is over. Now, internal work - tiling & plumbing - is going on. By December 2014, these buildings - along with the amenities on the podium - will be ready for possession (!).  Total project - all 9 buildings - would be ready by 2017. Ashish (8888 30 9999), sales executive, said.

I tried my best, but Ashish didn't say two words - "Environmental Clearance"!

3) A Studio Apartment in Vasudha Etasha, next to Grand Stand, Chandani Chowk, Kothrud:


Vasudha Landmarks (www.vasudhalandmarks.com) hasn't yet launched Etasha at Kothrud - but booking & construction has began.

Studio apartments in Etasha - are in good demand.

(Ever heard about - 20 per cent flats reserved for Economically Weaker Section (EWS)? Corruption is not politicians'  monopoly. If Aadarsh is for politicians - 20 per cent EWS Reservation is for middle class real estate investors!)

Instead of usual - 1 Room Kitchen (1 RK), at Etasha you will get 1 Bedroom Hall (1 BH) - 15' 7" x 9' 4" Living + Pantry + 10' 8" x 9' 1" Bedroom / Study + WC & Bath / Toilet for only Rs. 29.74 / 32.48 Lakh onward!

Main offer of Vasudha Etasha is 2 BHK (89 Lakh Onward) & 3 BHK (125 Lakh Onward) Flats. From 3 BHK Flats you can enjoy a view of reserved forest on the hills of NDA. From 2 BHK Flats - Mumbai Bangalore Highway. You know? Etasha will have all high end specifications - like modular kitchen - chimney & hub.

Not only that! Mr. Anupam (90110 70726), sales executive, told me that underpass will connect Etasha to Mahatma Society in Kothrud - on the other side of Mumbai Bangalore Highway.

I know - I told him. A couple of years ago, a sales executive at Grand Stand had told me about it!

At Balewadi, Vasudha Landmarks has 2 projects. Sai Eshanya & Parnika.

3 BHK Flats in 7 story Parnika are almost ready. You can inspect the ready for possession 3 BHK Flat (Rs. 99 to 110 Lakhs) & buy. One 2 BHK Flat is also available for Rs. 58.32 Lakh!

Sai Eshanya Balewadi has 2 buildings. In the first building - almost ready for possession 2 BHK (72.05 - 82.16 Lakh Onward & 2.5 BHK (90.16 Lakh Onward) Flats are available. 50 per cent construction of the 2nd building is done but - booking is not yet opened.

4) 'Bada Ghar Chota EMI' - Juggler Javdekars New Show!:


Javdekars (www.javdekars.com) are famous in Pune real estate market for collecting advance payments from naive property buyers by juggling EMI. 

In August 2013, EMI Juggler Javdekars collected 10 per cent of the property price against the flats which they did not have permissions to build.  

Now, EMI Juggler Javdekars have come up with an offer for under construction project - Yashwin at Sus. 

70 per cent construction of Yashwin is done. So, 70 per cent payment is due. Possession is after one year. Means if you book today - you have to pay pre-EMI for 1 year and EMI after possession.

But if you give 100 per cent payment - ADF - at the time of booking - under "Bada Ghar Chota EMI" offer - EMI Juggler Javdekars will bear 50 per cent of your EMI - till possession - means for 1 year.

Not only that! EMI Juggler Javdekars will continue to bear some part - less than 50 per cent - of your EMI for 1 year after the possession. 

It means that - for 2 years - from the day of booking - you will pay "Chota EMI".  

"Bada Ghar Chota EMI" is only for 3 BHK Flats (Rs. 86.56 Lakhs) and Duplex (Rs. 121.96 Lakhs) in Yashwin at Sus.

5) Welcome to a World of Open Car Parking at Punawale:


Sirocco Grande at Punawale (www.benchmarkindia.co.in) hates cars. Because cars pollute air.

GRIHA Certified Sirocco believes that the only way to protect environment is to discourage people from buying & using cars

No covered car park and high cost of open car parking - discourages people from buying a car.

That's why, Sirocco provides open car park (2 Lakh for Parking & Club House!) for the flats on 1st to 11th floors in it's all 5 buildings.

Only the flats on 12th, 13th & 14th floors in Sirocco Grande will get covered - stilt - parking

So, if you want to buy a Flat with Covered Car Park - 2  BHK (65 - 65.63 Lakhs) & 2.5 BHK (75.78 - 76.51 Lakh) - in Sirocco Grande, better pray for aviation clearance for 13th & 14th floors.

Yes! And all should pray for environmental clearance too!!

6) Room Sizes in Pride Purple Group Projects (www.pridepurplegroup.com):


3 BHK Flats (1 Crore Onward) in Park Titanium at Park Street Wakad, Pune


Living DiningKitchenBedroom 1Bedroom 2Bedroom 3
24' 5" x 12' 2"11' 8" x 8'6"12' 3" x 12' 2"12' 3" x 14' 11"11' 4" x 3"
20' 10" x 12' 2"10' 6" x 8' 6"11' 10" x 14' 2"12' 2" x 12' 2"10' x 13'
20' 10" x 12' 2"10' 6" x 9' 2"12' 2" x 13' 7"10' x 13' 1"12' 2" x12'

2 BHK (85 Lakh Onward), 2.5 (95 Lakh Onward) & 3 BHK (1.05 Lakh Onward) Flats
in Park Turquoise at Park Street Wakad, Pune:



BHKLiving DiningKitchenBedroom 1Bedroom 2Bedroom 3
219' 6" X 13' 11"10' 9" X 8' 4" 11' X 14' 6"10' X 12'
2.519' 9" X 13' 10"10' 9" X 8' 4" 11' 7" X 14' 6"11' 4" X 12'10' 3" X 9' 9"
322' X 15' 3" 11' X 8' 2"13' X 15' 5"13' X 10' 10"10' 6" X 11' 6"

2 BHK (78 Lakh Onward) & 3 BHK (95 Lakh Onward) Flats in
Park Ivory at Park Street Wakad, Pune



BHKLiving DiningKitchenBedroom 1Bedroom 2Bedroom 3
216' 5" x 13'10' 8" x 8'11' x 13'11' 6" x 10' 6"
217' 9" x 12'9' 4" x 8'10' 6" x 13'10' 6" x 11' 3"
321' 9" x 13' 1"11' 5" x 8'11' x 14' 9"11' x 11' 9"10' 5" x 11'

3 BHK (2.25 Crore Onward) & 4 BHK (2.9 Crore Onward) Flats in
Park Grandeur at Baner Pune:



BHKLiving DiningKitchenBedroom 1Bedroom 2Bedroom 3Bedroom 4
326' 1" x 14'13' x 11' 9"15' x 12'15' x 12'14' x 12'
428' 3" x 16'12' 6' x 12'16' 9" x 12'15' x 11' 15' x 11'10' x 12' 3"

2 BHK (85 Lakh Onward), 2.5 BHK (95 Lakh Onward) & 3 BHK (105 Lakh Onward) Flats in
Park Xpress Baner, Pune:



BHKLiving DiningKitchenBedroom 1Bedroom 2Bedroom 3
219' 6" x 14' 1"9' x 8' 7"11' x 14' 6"10' x 12'
2.519' 9" x 14' 1"9' x 8' 7"11' 8" x 14' 6"11' 4" x 12'9' 9" x 10' 3"
322' 3" x 15' 5"9' 7" x 8'13' x 15' 7"13' x 11' 7"10' 3" x 12'

2 BHK (95 Lakh Onward) & 3 BHK (125 Lakh Onward) Flats in
Pride Valencia Baner, Pune:



BHKLiving DiningKitchenBedroom 1Bedroom 2Bedroom 3
216' x 20'11' x 8'12' 6" x 14'10' 6" x 12'
316' x 20'11' x 8'12' 6" x 13'11' x 13'10' x 9' 9"
324' x 15' 3"12' x 8'12' x 16' 7"12' x 13'10' x 12'

4 BHK Flats (425 Lakh Onward) in Pride Panorama on Senapati Bapat Road, Pune:


LivingDiningKitchenBedroom 1Bedroom 2Bedroom 3Bedroom 4
13'1" x 19'8"9'10" x 13'9"17'7" x 9'10"11'10" x 15'9"13' x 10'8"10'10" x 15'9"14' x 9'10"

2 BHK (50 Lakh Onward) & 3 BHK (62 Lakh Onward) Flats in
Park Springs Lohegaon - Dhanori, Pune:



BHKLiving DiningKitchen Bedroom 1Bedroom 2Bedroom 3
216' 1" x 11' 6"9' 6" x 7' 11"10' x 14'10' x 11'
320' x 11'9' 5" x 1310' x 15' 210' 13' x 11' 1'11' 10" X 12.7

7) Join 300 Families in Greens at Thergaon Wakad, Pune:


Pudumjee - G: Corp has given possession of 300 flats in A B, C D & E F Buildings in Greens at Thergaon (www.greenspune.com).

Now a few 2 BHK & 3 BHK Flats (mostly on the top floors) are available in under-construction L K Buildings (Possession July 2015). Plus, in a recently opened 16 story H G Building (Possession 2017).

Property prices of 2 BHK Flats are in the range of Rs. 77 - 87 Lakhs & of 3 BHK Flats from Rs. 92 to 109 Lakhs.

8)  Available! 2 BHK & 3 BHK Flats in Balewadi F Residences!!:


Balewadi F Residences (www.f-pune.com) was launched on 26th January 2014.

I was not expecting Balewadi F Residences stall in 'West of Pune' property exhibition. Because the exhibition was on 8th & 9th February 2014.

"Participation may be for creating brand awareness - not for booking," I told myself and didn't visit the stall on 8th.

But on 9th someone told me that flats are available in Balewadi F Residences. So, I visited the stall and collected the property price list.

The price list had only Agreement Value. So, I asked for all inclusive price. I was told that all inclusive property prices of 2 BHK Flats are in the range of Rs. 85 Lakhs to 1 Crore and 3 BHK's in the range of Rs. 1.4 to 1.25 Crore.

The property rate at Balewadi F Residences was Rs. 6500 per sq.ft. and development charges were Rs. 7 Lakh for 1 car park per flat, electricity meter, sewage & solid waste management (!?)

Booking amount was 5 Lakh and cancellation charges fee - Rs. 1 Lakh (!)

Floor rise - Rs. 50 per sq.ft. from 4th floor onward and Rs. 100 from 12th.

The next 'Term & Condition' was amusing - "Flats have premium location (Road Facing & Garden Facing) will charge extra Rs. 200 per sq.ft. and Corner flats amenities facing & Road facing will extra charge Rs. 300 per sq.ft."

The area statement of a 2 BHK Flat on Even & Odd Floor in Balewadi F Residences was more amusing.

I read the room sizes of 2 BHK Flats on Even & Odd floors again and again.


Balewadi F Residences - Same Room Sizes but Different Carpet Areas!

The room sizes of the 2 BHK Flat on Even & Odd Floor are same but the carpet areas are different!

Though the Room Sizes are same, the Carpet area of a 2 BHK Flat on Even Floor (826 - 863) is more than the carpet area of odd floor (795 - 796)!

Isn't it amusing?

The carpet areas of the flats on even & odd floors are always same. But look what happens when 'fashion meets technology' - principles of civil engineering become out of fashion!

9) Ready for Possession 2 BHK & 3 BHK Flats in Malpani Greens Wakad, Pune:


Only a few 2 BHK & 3 BHK Flats are available in the A Building of Malpani Greens (www.malpaniestates.com).

Property price of a 2 BHK Flat - 863 Carpet + 29 Dry Balcony + 72 Terrace - is Rs. 83 Lakh onward. Living of this 2 BHK Flat is 14' x 21' 3", Kitchen 10' 9" x 8' 6" & Master Bedroom 15' 9" x 11'!

A 3 BHK Flat - 1,140 Carpet + 43 Dry Balcony + 72 Terrace - is Rs. 1 Crore onward. Living of this 3 BHK Flat is 14' x 23' 9", Kitchen 13' 6" x 8' 6" & Master Bedroom 14' x 13'!

These may be the last few 'investment grade flats' in Wakad. Once these are over, you will get only 'F grade' flats!  

10) ICON Group's 2 BHK & 3 BHK Flats at Baner, Balewadi & Wakad, Pune:


I always see ICON Group's (www.icondev.in) stall in 'West of Pune' property exhibition. In this exhibition also ICON Group was present. With the same project - Windsor Residency (at Signet Corner) & Windsor Homes (Recently launched - near Kapil Malhar) at Baner, Sadafulee at Balewadi & Windsor Park & Windsor Apartments in Wakad. Offering 2 BHK & 3 BHK Flat in the obvious property price range.

Only a 1 BHK Flat for 44 Lakh at Sadafulee was a pleasant surprise!

11) 9 Ka Dum (Power of 9) at Wakad, Pune:


When a builder, Mr. Sanjay Agarwal, whose lucky number is 9, decides to build 81 flats on survey number 108 - he names it Fortune 108 Wakad (www.fortunegroups.co.in).

Fortune 108, located opposite Sukhwani Sepia, has a few almost ready - early possession - 2 BHK (57 - 68 Lakhs), 2.5 BHK (72 - 75 Lakhs) & 3 BHK (93 - 105 Lakh) Flats.

Guess! What would be the name of Mr. Sanjay Agarwal's upcoming 7 acre project of 350 flats - on the border of Sus - behind Mercede Showroom at Baner?

12)  Lavish 2 BHK Flats on Proposed 60 Feet D. P. Road at Baner, Pune:


Orchid Serenity (Mr. Rohan 98600 70059), located off Pashankar Auto to Sus Road, has 2 BHK Flats (75.96 - 77.81 Lakhs) in it's B wing (Possession of A Wing is already handed over!)

Saleable areas of these flats (with 3 terraces) are 1046 / 1073. So the builder, Mr. Yashwant Nimhan, calls them lavish(!)

Possession of these 2 BHK Flats is in June 2014.

Can you guess when the 60 feet D P Road which will connect Orchid Serenity to service road of Mumbai Bangalore Highway somewhere near Kumar Pinakin (which has divine toilets) in Baner will be ready?

13) December 2014 Possession 3 BHK Flats in Lotus & Lily at Pimple Nilakh, Pune:


Lotus Lily (www.horizonshelters.com) has 2 buildings. One of 2 BHK Flats and the other of 3 BHK Flats. 2 BHK's building is ready, possession handed over and occupied.

12 story 3 BHK building had permission to construct only 8 floors. So, the builder, Horizon Shelters Pvt Ltd, constructed 8 floors and waited for the sanctions. In the long waiting period, the builder did the internal work - tiling, plumbing, electrical & kitchen platforms etc.

After a long wait, recently, PCMC sanctioned the 9th, 10th, 11th & 12th floors. Construction of these floors would be ready by December 2014 and the possession of the entire building would be given.

There are only 2 units of 3 BHK Flats on one floor. Now, some 18 flats are available for booking - 8 flats on 1st to 8th floor + 6 on recently sanctioned 9th, 10, & 11th floors.

Carpet area of these 3 side open 3 BHK Flats is 1074 - 1086 sq.ft. Each flat has 2 attached terraces. Living (Only Living. Not Living cum Dining.) is 12' x 18'. Dining is separate with Kitchen. Master Bedroom is 15' 9" x 12'.

"As per Times Property our's is the lowest rate in Pimple Nilakh. Only Rs. 5,600 per sq.ft. So, though the saleable area is around 1509 - 1640 - our 3 BHK Flat fits in a budget of Rs. 99 lakh to 1.09 Crore only!," Sudhakar, sales executive, 87 93 79 58 12, said.

For the 2 BHK Building, Lotus & Lily has received PCMC water connection. But water supply is not enough. Only 3 hours in the morning. So, PCMC water is used only for drinking. For use, builder supplies tanker water. Along with the 3 BHK Building water recycling plant & rainwater harvesting plant would be ready. So, the dependency on tanker water may be reduced.

On an adjoining plot of Lotus & Lily, soon, Horizon Shelters is coming up with a single stand alone building of 2 BHK Flats for approximately 50 Lakhs!

14) You know? Flats are available in Welworth Paradise Baner & Tinsel Town at Bavdhan!:


In the last 8 months Mr. Mahesh, sales executive, 83088 06006, has sold 4 - 5 flats every month. Now, only 4 units of Ready Possession 2 BHK Flats (70.43 - 87.77 Lakhs) are available (No Service Tax No VAT. Completion & Occupancy Certificate Received.) in A & B Wings of Welworth Paradise in Baner (www.welworthrealty.com). Of course, there are quite a few unsold flats  available in under-construction C Wing.

At Welworth Tinsel Town (www.welworthrealty.com), behind Maratha Mandir at Bavdhan Khurd in PMC, 11 & 10 story 2 wings are under construction. 85 per cent work of these towers is done.

In these 2 wings - 1 wing is of 2 BHK Flats - property prices are from Rs. 79.35 to 81.5. Plus, there are couple of Garden 2 BHK Flats on the first floor - property price Rs. 85.25 - 86.71 Lakhs.

Property prices of under construction 3 BHK Flats in Tinsel Town Bavdhan are Rs. 1.13 - 1.27 Crore only.

It means that Welworth may participate in the next exhibition too.

15) Somatane Phata - For the First Time Home Buyer in Hinjewadi


Hillock Towers at Somatane Phata (www.artharaj.com) was launched a year ago, at Rs. 2800 - 2900 per sq.ft.. Today, property rate is Rs. 3,450. Seven slabs are cast and brick work of 5 floors is done. 75 - 85 % flats are already booked. Mostly by IT Professional from Hinjewadi & Talawade. Only a few 1 BHK (26.5 Lakh Onward) & 2 BHK (43.76 & 46.13 Lakh Onward) Flats are available for booking.

When I said," How sad! IT Professionals can afford to buy flats only in Gram Panchayat -  at Somatane Phata"

"No! Soon, Somatane would be merged in PCMC!!,"  sales executive said.

Hillock Towers is approved by LIC, HDFC & India Bulls.

16) Special Offers - Discounted Property Price & Free Registration & No VAT!


At 'West of Pune' Property Exhibition, Swaraj Pride Punawale (www.swaraajdev.com) was offering special discounted property rate - Rs. 3,950 & 4,100 for it's 1 BHK & 2 BHK Flats.

Ace Almighty (www.acealmighty.com) at Wakad, behind Indira College, was offering  - Free Registration & No VAT!

It was nice to see a small crowd at the stall of Surya Vaibhav (www.suryagroup1.com) offering 1 BHK (35.24 - 40.84 Lakhs) & 2 BHK (53.08 - 61.9 Lakh) Flat.

Current Property Prices & Availability in West of Pune:










Related Stories:


1) Friday, February 7, 2014

Upgrade to Metro Jazz, Baner Annex, Pune!

2) Thursday, January 23, 2014

Enjoy 1 - 2 ka 4 & 4 - 2 ka 1 with Credai Pune Metro

Subscribe for Free!


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

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 3 minutes!) Call 919860044110

If you like to chat, join me, RaviKarandeekarsBlogs on Google Talk.

Yes, my email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.

Join me on Google+




 

 


8 comments:

  1. Ravi Sir, it has been some time since you wrote about Paud Road (Pirangut, Bhugaon) etc Please write some

    ReplyDelete
  2. if you look compare the rates of 2 bhk in aurangabad and pune, then one will consider buying in aurangabad. aurangabad is also developing this days.

    ReplyDelete
  3. These prices definitely confirm one thing, Pune real estate market is not going down.

    There is not much availability in good areas.
    In fact prices have increased more than 10% in last year.

    In Warje last year 3 BHK flat was 85 lacs, now it is 95 lacs
    Oval nest resale 3 BHK flat was available for 90 lacs in Nov 13, Now same flat is available for 1 Cr.
    Aditya garden city is also same case.

    Only change I see is, few new schemes are getting launched now. Election effect ??

    ReplyDelete
  4. Hi Ravi - Your view on GG City Bavdhan ? Whether it is good buy for end use ?

    ReplyDelete
  5. Hi Sir,
    What About Orchid Serenity Baner ?
    Please Reply Me asap.

    ReplyDelete
  6. Hello Sir,
    You have not included Kunal Aspiree. How is that project? What are the current prices there?

    Regards
    Vinit

    ReplyDelete
  7. It would be interesting guide for buyers if you may kindly guide if the above projects are offering freehold possession or imposing/entering any lease with their buyer. what are implications to buyer at lease renewal. how can buyer identify whether the flat agreement is for freehold or leasehold. land owner having any lease with pcmc/pmc or developer with land owner and what are buyer left with at end of such lease.

    ReplyDelete