Ravi Karandeekar's Pune Real Estate Blog

What's happening at Vilas Javdekar and Associates' Palash 2 and Palash 2i at Wakad near Hinjewadi, Pune?

2009-03-24T03:35:00.061+05:30

No EMI till possession if you give Advance Loan Disbursement (ADF)!

In July 2008 Vilas Javdekar and Associates launched their "Green Umbrella" offer for Palash 2.0. In September 2008 they launched compact flats in Palash 2i with the same offer.

On my blogs, Ravi Karandeekar's Pune Real Estate Blog and Ravi Karandeekar's Pune Real Estate Market News Blog, we had "hot discussion" on this offer. Main objection to this offer was - "Is it safe to give Advance Loan Disbursement to the builder?" (Did you read my post "Donate your eyes and get Ray Ban for Free!"?)

Builders gimmicks to avoid price reduction!

Besides "Trust", property rate was also a major concern.

If you remember in March 2008, we had just started talking about "Pune Real Estate Slow Down".

Promoters and Builders Association of Pune (PBAP) has warned property buyers about impending rise in the property rates in Pune real estate market.

Mont Vert has just launched "compact homes at Seville in Wakad" and tried to break the "price barrier".

These marketing initiatives were called as "builders' gimmicks" to avoid price reduction and trick the Pune property buyer to book the flat.

These "exclusive offers" were nothing but a disappointment for the first time home buyer working in Hinjewadi who was eagerly expecting overly inflated property prices to come down.

RBI and Finance Ministry joins builders to tempt the property buyers!

However, we all know that "Green Umbrella" offer of Palash 2.0 and Palash 2i got a good response.

Many more builders in Wakad (compact flats at SuCasa!) and even in Hadapsar (Runwal Seagull!) tried this type of an offer, launched "compact homes" and it became a new trend in Pune real estate market.

Not only in Chakan (Sara City), even in Balewadi (Amit's Astonia) and Kharadi (Gera's Park View 1) "compact budget flats" were launched.

Global financial crises and RBI stimulated low home loan interest rates and tried to add some attraction to these affordable homes.

How Palash at Wakad is utilizing your ADF?

But what is happening at Palash 2 and Palash 2i who were among the first to start this "trend"?

Was it worth to take a risk of giving ADF to the builder?

Here are some photographs which show the progress of the construction at Vilas Javdekar and Associates' projects in Wakad.

In the present circumstances, nothing looks beautiful than on going construction work at site! Please, have a look and share your views in the comments. (Comments Policy)

Palash 2.0 - G and H wings:

January 2009:

F,G,H work in full swing:

H wing level 7 complete:

D and H wing:

F and G wing:

G wing:

H wing:

February 2009:

G wing:

H wing:

H wing from D wing:

H wing from podium:

March 2009:

11th Slab G wing:

10th Slab H wing:

Palash 2i:

January 2009:

Level 5 complete:

Close up:

Site office and Palash 2i:

February 2009:

From podium:

Site office and Palash 2i:

March 2009:

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Can a real estate investor offer "Rent Today Own Tomorrow" scheme to sell his flat or a row house and retire from depreciating Pune property market?

2009-03-13T05:12:00.001+05:30

Even one can insist on renting the property only if it comes with the buy tomorrow option!

While looking at newest "Rent Properties classifieds Pune" on Quikr, i found some interesting properties available for renting in Wakad, Baner, Balewadi, Bavdhan and on Paud Road in Kothrud. For example:

1) Five Garden / Wakad 4BHK Row House for Rent - Pune - Rent: Rs. 22,000/-

2) 3 BHK in Balewadi - Hinjewadi 10 min - Brand New on 7th Floor - Pune - Rent Rs. 15,000/-

3) 2 BHK new flat on rent in Bandhan, close to Chandni Chowk. - Pune - Rent Rs. 13,000/-

4) 2 BHK new flat on rent in Baner road. - Pune Rent - Rs. 11,000/-

5) rental 1 bhlk furnished in kothrud area - Pune - Rent Rs. 8,500/-

Dealing with global economic uncertainty and recession:

I look at Mont Vert's "Rent Today Own Tomorrow" as a solution to deal with job uncertainty and bust of booming real estate market in Pune. Now, considering the response Mont Vert has received, i am very much convinced that this can be a workable solution.

Solution not only for the builder but for the real estate investor who may not get an appreciation, a buyer and expected rent for his 2nd flat which was his major investment. Can he offer "Rent Today Own Tomorrow" to successfully en-cash his investment and retire from the property market, at least in the next 11 months?

In these tough times, instead of just renting and letting your hard earned money go down the drain, can you opt only for the flats which has "Buy Tomorrow" offer? And convert your rent into your down payment and own the same property in the next 11 months when you are little bit comfortable about paying EMI!

What about the property rate?

For "Rent Today Own Tomorrow" offer, generally pricing terms depend upon the trend in real estate market. For example, Donald Trump offered "locked in property price at today's property rate" for Trump Plaza because in November 2007, real estate prices were rising.

Now, we all agree that property rates in Pune are going to go down more in 2009. So both of you, real estate investor and the property buyer, can work out on a reasonable property rate and go for mutually agreed property rate or opt for Mont Vert's Rent Today Own Tomorrow style "property rate at the time of purchase" term.

Since, both of you are perfect gentlemen and don't belong to the builder community, you can be sure about "transparency", "fair price", "ethics" and guess how low property rates can go accurately. Right?

What is your take on renting today to own tomorrow solution?

Considering that offer comes form, not a builder but form a real estate investor, mostly IT professional like you, you may look at the "Rent Today Own Tomorrow" in a different perspective.

Do you think it's a good housing solution for the property buyer and a real estate investor to come out of this recession and uncertainty?

Particularly, when mostly many more builders may offer "Rent Today Own Tomorrow" scheme to reduce their inventory of unsold ready possession flats and your investment might depreciate more.

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

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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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Proactive Mont Vert once again devices plan to deal with uncertain times – launches innovative program for home-buyers

2009-03-03T21:35:00.007+05:30

Press Release:

Mont Vert does it once again.

This time Mont Vert has come out with a new offer which they are confident will address the dilemma of all potential home buyers today - whether to buy a home today or to delay the buying decision.

In today’s uncertain economic conditions home-buyers are concerned about their job and business security. And unsure about real estate rates – whether they would fall further and if interest rates would go down any more.

“What we have done is, we have reassessed the market situation from the point of view of the buyers and carried out a survey amongst families whose monthly income is around Rs.50,000 and who is our target audience”, explains Manish Kaneria, Director, Mont Vert.

What this study revealed was indeed interesting and realistic.

A number of families who wanted to buy their own home were in fact staying in rented houses just because they thought that this is not the right time to buy an apartment, as they were not sure whether their jobs would be intact and also they could lose a substantial amount if real estate prices were to correct further.

The greater of the two uncertainties today is the fear of losing jobs, because of the global gloom all around and an air of extreme uncertainty.

These families have also realized that by paying rent they are losing the rent amount forever. It is an added expense for them in an already tough environment.

This is exactly what Mont Vert is looking to address with its new consumer friendly program.

Rent Today Own Tomorrow:

The program that Mont Vert is offering is that they will be having a certain number of apartments which will be ready for possession by the month of May / June ’09.

They would offer these apartments for rent to the potential buyers who are already staying on rent elsewhere.

But the difference is that the rent taken by Mont Vert can be converted into a down payment if they decide to buy the same apartment at any time during the agreement period of 11 months.

If for example, a person who has taken a Mont Vert apartment on rent decides to buy the apartment, say after seven months, then he will pay the prevailing market rate in that particular month.

This also addresses his hope that prices might fall in the near future.

“However”, says Jayant Kaneria, MD, Mont Vert, “the customer is under no obligation to buy the apartment from us at the end of 11 months. He can either choose to move out of the apartment or transfer the entire amount of rent paid by him as a down payment on behalf of a friend or relative who may be interested in buying the apartment”.

So this becomes a win-win situation for him.

‘Rent Today Own Tomorrow’ is the one more example Mont Vert is coming up with an innovative offer which addresses consumer needs.

One might recall that earlier they had launched a project in Wakad, to sell luxurious 2 BHK & 3 BHK apartments for a price tag of Rs.29 lacs and Rs.39 lacs respectively, when prevailing prices were much higher.

This was also done in response to customer feedback and the project was an instant hit, as Mont Vert booked a record number of over 250 apartments in just 3 days.

The program now being announced of Rent Today Own Tomorrow also addresses the need of the potential customer and converts a major expense into an asset and this too, at his/her terms and comfort levels.

Therefore, the hallmark of Mont Vert is to respond to customer needs especially in adverse market situations.

This has always resulted in starting a trend in favor of home buyers.

“At Mont Vert we have always believed in coming out with bold initiatives to benefit our customers even if it means that we have to tread on a path which has not been tried before”, sums up Manish Kaneria.

Is it too good to be true?

Where is the catch?

Why Mont Vert has come out with this offer?

Why the builder, Mont Vert, is joining the brigade of property buyers who advocate "Wait. Don't book for the next 6 months. Property rates are going to go down further!" and offers their brand new flats for free?

It is too good to be true! Isn't it?

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

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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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Rent Today Own Tomorrow - convert your rent into down payment - revolutionary offer from Mont Vert

2009-03-02T05:48:00.010+05:30

Perfect housing solution in recessionary times when job insecurity is a major concern for all of us!

How does it work?

Mont Vert's website says:

Through this unique offer you may rent and move into a new, ready-possession Mont Vert apartment (through a regular rental agreement) with an option to buy the same apartment at any stage during the rental period.

On purchase, all the rent paid till date would be adjusted against the purchase price of the apartment.

What if you don't want to purchase your rented flat?

Transfer the paid rentals and deposit amount to a friend or relative!

Which means, it is not compulsory to buy Mont Vert's flat.

You are free to trade your "rental savings" with your friend or relative.

You can collect cash from him and use that amount to book a flat in any project, anywhere in the world!

Rent paid is no more lost forever!

No doubt, renting is better than paying unrealistic, irrational property rate for the flat which may not appreciate but mostly depreciate, at least in the next few years.

But considering the job insecurity, you can't let the rent go down the drain every month. By this offer, renting becomes automatically saving money for buying your own flat!

Better than marrying landlord's daughter!

I find Mont Vert's offer awesome! Other wise till now there was only one way to save your rent - marry your landlord's daughter! Which is, recession or no recession, just like jumping out of the frying pan and into the fire. Take my word.

What do you say? Do you have any other option of not only saving your rent but converting it into down payment of your flat? Please, share your ideas in the comments. (Comments Policy)

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Amit Enterprises' Astonia at Balewadi- 2 bhk flat of 685 sq.ft. carpet area in 25 lakh - is this your dream home?

2009-03-01T21:26:00.013+05:30

Can you get more than this at the property rate of Rs. 2,300 per sq.ft.?

Amit Enterprises already has 2 residential projects in Balewadi. Amit's Sapphire Park and Amit's Emerald Park. In these projects property rate, you know, is above Rs. 3,200 per sq.ft. and few flats are still available for booking. Then why Amit launched Astonia in this budget? Is it because in 25 lakh you will buy anything in Balewadi?

1st, 3rd and 5th floor:

2nd, 4th, and 6th floor:

Layout Plan: with open parking for your Nano!

Perfect location:

1) Close proximity to Hinjewadi
2) Easy accessibility to Mumbai Pune Expressway

Are you getting value for your money?

On my post on launching of Astonia, on my Ravi Karandeekar's Pune Real Estate Market News Blog, My Anonymous says, "I think the fair price of flats in Balewadi should be around 1800 per sq ft. Anything more than that is expensive given the current economic situation."

What is your take on the property rate of Amit's Astonia? Is Rs. 2,300 per sq.ft. a fair property price? Different rates of Amit's projects shows that Amit Enterprises doesn't associate property rate with location. Do you still consider that location decides the rate?

Vidya Bala warns the property buyers about 'builders strategy' and suggests that if the property rate is not genuinely reduced, considering the current economic situation buyers should negotiate!

Please, share your views on Amit's Astonia in the comments. (Comments Policy)

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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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Did you visit Paranjape Schemes' Forest Trails Bungalow Township at Bhugaon?

2009-02-23T00:23:00.008+05:30

Middle class dream!

While we were busy in discussing the rational property rate of Blue Ridge Hinjewadi, on my "Ravi Karandeekar's Pune Real Estate Market News Blog", on 21st and 22nd February Paranjape Schemes officially opened the booking of their 2nd township Forest Trails at Bhugaon.

Launching of 140 acre bungalow township in this recession was a shock to those who were not aware about this upcoming attraction of Paranjape Schemes. But those who had visited their website www.pscl.in , at least ones in the last six months, knew about these 200 world class bungalows.

Yes, you are right, around 40 bungalows, costing above 1.25 croer, were already booked, before the project was launched. What may have happened in this 2 day event is any body's guess.

Unfortunately, I was not keeping well, so i couldn't visit Forest Trails. Compulsory rest at home was making me more restless. Advertising on Radio City was telling me that i am missing a big event. Event of feeling good and hopeful about better life.

However, my friend visited the event. His reactions and comments only made me more curious. He said "Forest Trails is a middle class dream!" When i asked him to explain, he said, "To understand this i have to visit the site. Who can say "no" to these bungalows?" When i asked him "Did you feel like booking?" He said, "Ravi, do you think i belong to middle class?"

What is your take on "Forest Trails"?

I have realized that i have become a hostage of over protective Doctor and a cynical friend. Only you can tell me the truth. Only you can free me from the gloom and doom of recession. Did you visit Paranjape Schemes' Forest Trails? Did you enjoy the idea of owning a bungalow? Please, share your experience in the comments. (Comments Policy)

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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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Get in touch with Vinayak Deshpande if you wish you have your own bungalow in Pune

Celebrate Republic Day - 26th Jan! Select your new home - ready 3bhk flat - in Aditya's Breeze Park at Baner-Balewadi - Call 9860799299

2009-01-25T18:37:00.011+05:30

Share your views:

If you can, please, help me to answer this question:

"What would be better? Booking a ready 3 bhk flat of 1400 / 1465 sq.ft. at Aditya's Breeze Park at the property rate of Rs. 3,300 - 3,600 per sq.ft. or changing the mobile number?"

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, of my reviews of real estate projects near Hinjewadi, please, subscribe to Ravi Karandeekar's Pune Real Estate Blog

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Ekta Worldville, Hinjewadi phase 1 - the ultimate refuge for those IT professionals who are feeling sleepy because of over eating lunch

2008-11-15T03:05:00.037+05:30

Walk to Site Office:

When I reached Hinjewadi it was a lunch time.
So, i went to Ekta Worldville.
Kirti had a client with her.
Hoping she would finish him off in a few minutes, i took a chair.
Had a glass of water.
Browsed through the brochure.
Visited the sample flat.
Took some photographs.
When Kirti took her clients to watch the film, i joined them.
In the semi-dark room, i asked Kirti, "What's in the lunchbox?"
She gave me a chewing gum and said, "Lunch times are busy"
I could not see her face but her teeth were bright white.

What is your take on Ekta Worldville?

Did you enjoy visiting the sample flat of Ekta Worldville? How was 4D Reality Tour created by Fourth Dimension Solutions? Are you looking for the "Boutique Residences. Boutique Life."? Do you know anybody who has booked 1.5 bhk flat at Ekta Worldville? Please, share your views in the comments. (Please, read the comments policy.)

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Paranjape Schemes' Crystal Garden on Baner-Pashan Link Road and the beginning of a new world, Blue Ridge at Hinjewadi!

2008-10-19T10:59:00.038+05:30

Pune Real Estate Jigsaw Puzzles:

I do not know why, but i was trying to connect a few things. May be because of habit. Bad habit! Do you know, I have compared two residential projects. Kumar Properties' Megapolis vs. Blue Ridge! Some times, i have quized myself. Is Supreme Pallacio an option or a competition to Gera's Regent Park? Whatever may be the conclusion, for sure, i had always enjoyed the exercise! But this time, when i connected few things, the conclusion was quite scary!

World Financial Crisis:

Before, i go ahead, i have to tell you what was at the back of my mind. Besides this blog, Ravi Karandeekar's Pune Real Estate Blog, on residential projects near Hinjewadi, i have 1) Ravi Karandeekar's Pune Real Estate Market News Blog and 2) Ravi Karandeekar's Pune Real Estate Investment Blog. For a while, on these blogs i was blogging more about Pune real estate slowdown and exclusive (and attractive !) offers but all of a sudden, world financial crisis, recession and depression became major issues.

Fear of Realty:

Not only me, all of us were more concerned with the fundamental issues about the economy. Most of the property buyers who called me on my mobile (91 98600 44110) did not want to talk about home loan interest rates or property prices. But they were asking tough questions like "Should i sell off my flat at Balewadi and move in the rented apartment?" or "Should i cancel the booking and wait for a few more months?" I do not mind, in fact, i enjoy being used as a sounding board, so many times we talk more than customary limit of 8 minutes!

Chasing An American Illusion!:

Out of the few things i was trying to connect, one is this type of conversation i had with the caller from New Jersey, USA. He wanted to talk about his booking at Paranjape Schemes' Crystal Garden on Baner Pashan link road. After three - four years, he may return to India and settle down in Pune, he said.
Since, he had so much time on his hand, i asked him, "why didn't you book a flat in Paranjape Schemes' Blue Ridge at Hinjewadi?"
"Your wife could have gone for shopping at 2 o'clock, watched the movie at 3 o'clock and you would have enjoyed kayaking!"
On this, for the first time, he started speaking in Marathi. He said, "I am pakka Punekar, from Kothrud and I do not believe in chasing American illusion."
"American illusion! What's this? I have only heard about 'American Dream'," I asked him. He tried to explain but i did not understand what exactly he was saying.

Anti-Americanism:

After the phone call, as i always do, i Googled 'American illusion'. What i saw on the first page of Google gave me some idea about Bush Administration, American ventures of greed and control, Wall Street and War Racket, how foreign students are scammed in US and how (in 1942!) Americans learned their lesson at Battan. However, it didn't give me any clue about the relationship between a 3 bhk flat at Crystal Garden on Pashan Baner link road, Blue Ridge Hinjewadi and American illusion. So, i just stopped bothering myself and said to myself 'nice to know one more Anti-American' and closed the topic.

Saving capitalism.....!

Today, for the first time, i visited the website of The Sunday Indian and read Arindam Chaudhuri's editorial "Saving capitalism… from the stupid capitalists!" In his editorial, Arindam claims that his three theories - ‘Happy Capitalism’, ‘Survival of the Weakest’ and ‘Trickle-Up theory' - can save the capitalism from the stupids of Wall Street. Though it sounds too poetic, I do not want to question whether Arindam's theories will be able to save capitalism or not because i have not not read his book “The Great Indian Dream”.

Illusion and Exploitation:

While explaining the reason of current crash in the US financial system, Arindam says, this disaster is not 'an incident in isolation' and at the same time, 'it is not a cyclical trend that would soon get mitigated with time'. After reading the article, my impression was, "creating American illusion and exploiting the weak economies" is a well-rehearsed and successful strategy of Wall Street to milk the economies of their profits! Besides the latest name of US, the Arindam lists include Asian Tigers - like Indonesia, Malaysia, Thailand, and South Korea - along with Japan, and south American countries like Mexico and Argentina! All these economies were lured by the illusion created by Wall Street and exploited to such an extend that most of them took years to recover and many, like Japan, never recovered at all!

Indian Tragedy:

Like Arindam, i was not interested in theoretical discussion about good capitalism and bad capitalism. My interest was Pune real estate. Did the man from New Jersey mean that Blue Ridge is nothing more than American illusion? Then what about "Indian growth story", "Fastest growing economy in the world", "Beating China", "12% Growth Rate" "Foreign Direct Investment in Indian Real Estate" "Special Township Act and SEZ"? All these concepts were not more than just illusions to compel us to open the coffers of Indian economy to Wall Street Bosses? For me, it was difficult to accept that we all have been taken for a ride! But today when i see the falling sensex and the cash crunch, like every Indian, i wonder "So, where is the money?"

Living a Lie:

I do not want to regain my consciousness and face the reality. I do not want to accept that Pashan Baner link road in Pune Municipal Corporation is the reality. I do not want to give up the dream of becoming the world citizen without leaving Pune. I do not want to stop dreaming about changing the way i live. I want to keep on dreaming about going for kayaking!

What's your take on Indian Growth Story:

What do you think? Am i unreasonably pessimistic? Am i thinking irrationally and illogically? Did you ever think that, some day, we all are going to end up as victims of American illusion? Please, share your views in the comments. (Please, read the comments policy before you post!)

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Now, SuCasa, at Wakad, also launches compact 2 bhk flats for 33 lakhs (approx) in it's 2nd phase!

2008-09-03T20:13:00.025+05:30

2 bhk flat at Wakad - 29 lakhs onwards:

It was Friday, May 16, 2008, Mont Vert opened the bookings of Seville and within 5 hours more than 50 flats were booked. Nobody expected this to happen. Because nobody thought that compact 2 bhk flats starting from Rs.29 lakhs could be the solution to Pune real estate slow down.

If you see my review of Seville, i was quite sarcastic about the hole affair. First, i did not like the fact that Mont Vert Homes was "entering" into low budget compact flats. Mont Vert should focus on it's niche of "up-market-quality-homes" because in the east side of Pune real estate market, particularly near Hinjewadi, there are very few builders who can build quality homes, i believed.

Second reason was the budget! Starting from 29 lakhs was not exactly "affordable" budget. Because, i knew for sure, majority IT professional had a budget in the range of 20 to 25 lakhs. This segment in the first place fueled the real estate boom, but was thrown out of Pune real estate market. If "Rs.29 lakh for 2 bhk flat" becomes the benchmark then, even in the slow down, it would be very difficult for this segment to get a flat in the developed area of Pune and Pimpri Chinchwad, i thought.

Topaz Park, Palash 2 and now even SuCasa!

Topaz Park, part of Park Street, size wise one of the big project at Wakad, has already managed to bring down the budget of it's compact flats. Now at Topaz Park 2 bhk flat fits in the budget of 29.9 lakhs and 3 bhk flat in 38.3 lakhs.

Under the "The Green Umbrella Offer", Vilas Javdekar and Associates successfully sold out all spacious 2 bhk flats at Palash 2.0 by offering discount in the form of 'No EMI till possession if you give Advance Loan disbursement'. Now, Palash at Wakad has given up the idea of "un-boxed" living and already soft launched 'traditional' compact 2 bhk flats which will fit in the budget of 36 lakhs.!

Now, in the 2nd phase, SuCasa, a residential project at Wakad, which had townhouses with private gardens and penthouses with terraces, is also launching compact 2 bhk flats which, including every thing, fit in the budget of 33 lakhs (approx)!

These compact flats at SuCasa, a project by Kalarch Developers, have the same carpet area but because of the sizes of the terraces you get flats in 3 saleable areas. 905 sq.ft. saleable area on 1st, 3rd, 5th and 7th floor. And Salesable area 924 and 957 sq.ft. on 2nd, 4th and 6th floor. Property rate for 2nd phase of SuCasa is Rs.3,200 per sq.ft. Parking - 1.5 lakh. MSEB charges 75,000. Stamp duty would be around 1.25 - 1.3 lakhs as per the size of the flat. Plus add 30,000 for the registration. Here are the floor plans of SuCasa. Click the plan to enlarge. Have a look!

Ravi, compare compact 2 bhk flats at Wakad!

You know i enjoy your comments and your calls on my mobile +91 98600 44110, though many times you ask me difficult questions like, "Ravi, which is the best compact flat at Wakad?". When you subscribe for free to my Ravi Karandeekar's Pune Real Estate Blog i feel rich and prosperous. When you visit my Google Group and join for free, Ravi Karandeekar's Pune Real Estate Blog Group, you motivate me. Thanks, i am enjoying this on going conversation on Pune real estate.

To know more about SuCasa, visit www.sucasa.in :

Tomorrow, September 4, 2008, on the auspicious day of Rishi Panchami, SuCasa is opening the booking of these compact flats. Here are the details of the contact:

Site Address: S.No.190/191, Wakad-Thergaon road, Wakad, Pune – 411057

Site Contact: 020 6520 6650 / 6410 3445

Mobile No.: +91 99606 85685

Email: kalarch@gmail.com

Office: Kalarch Developers
Off. No. 10, 3rd. floor,
Agarkar Bhavan,
L.B.S.Marg,
Pune - 411030

Tel: 020 2433 6371 / 020 2433 2749

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Who is Ashish Yadav, the property price negotiator and deep discount dealmaker?

2008-08-29T23:01:00.000+05:30

"After i posted the blog - Pune Real Estate Market's Most Wanted, all are asking me, 'Who is Ashish Yadav?'

Home buyers in Pune real estate market want his phone number to find out whether could they join his group and get a discounted property rates from the builders.

Pune real estate developers want to know exactly how many assured bookings they can expect from him?"
Ravi Karandeekar's Pune Real Estate Market News Blog:

Kunal Sancheti Associates's Venezia at Baner continues with the special introductory offer of Rs.3,400 per sq.ft.

2008-08-26T07:27:00.021+05:30

Property rate: big secret!

On 26th July '08 a joint development of Kunal Group and Sancheti Associates' "Venezia at Baner" was launched. Full page English ad, in Marathi newspaper Sakal, talked about everything but the property rate. Obviously, i called and called but could not talk to the sales executive. It means, i was not the only one who was trying to find out the booking rate.

Ultimately, when i could talk, the salesman did not disclose the rate on the phone. I should visit the site to understand the pricing, he insisted.

Special introductory offer:

My desire to have "an aura of happiness to the canvas of my life" (please, do not ask me what it means!) motivated me to visit Venezia...a symbol of my colorful dreams...which has come into existence at Baner, opposite Pashankar Auto, on Mumbai Bangalore highway.

When i saw the glass door of the attached toilet in the sample flat, i became very serious. I went into the flash back when watching my spouse taking a bath used to be my colorful dream and i started to unfold the canvas of my life...I had enough time because the salesman was busy in answering the phone calls and inviting the callers to the site to find out the real estate rates of 2 bhk, 2.5 bhk and 3 bhk luxurious apartments!

"Tell me!" the salesman said to me. Before i could open my mouth, he took the next call. "Tell me!" he said to me when he finished that call. "Shut your phone off" i wanted to say but i said, "You tell me. I am here to hear a special introductory offer!"

"Yes! This special introductory offer is only for today and tomorrow!! What are you looking for?" No, i did not tell him exactly what i was looking for...glass walls!

Special introductory offer for a week!

Next weekend, as expected, i saw the ad of Venezia at Baner in the newspaper. I called the site. Phone was not busy. Salesman took the call before the 4th ring. I told him about my site visit on the day of the launch and the special introductory offer. The salesman, not the earlier "tell me" salesman, but the new salesman said the introductory offer is extended for a week! On this week end i can book at the same rate. He invited me to visit the site with my Mrs!

At that point i realized that, i was avoiding to ask my wife about her colorful dreams!

Reduced number of specifications!

Yesterday, on August 25th, nearly after a month, i called the "tell me" salesman on his mobile. Because when i called the site office of "Venezia at Baner," a lady salesperson took my call. She told me that the property rate is the same. I can refer to the quotation i got when i visited the site on the day of the launch.

"Tell me" salesman said, "Yes, the booking rate is the same." "Rs. 3,400 per sq.ft.?" i asked. He said, "Yes! But a few specifications are changed! We have reduced the number of specifications to keep the introductory property rate!" "For example?" i asked. He said, "Modular kitchen and..... "

But i disconnected the phone. I was disappointed. I was 100 % sure, Kunal Sancheti Associates must have canceled the glass door of the toilet!

Please, tell me about the negotiations and discounts!

Tell me, in the comments, did not made a mistake by disconnecting the phone? He, the salesman of "Venezia at Baner," would have offered me a discount if i had visited the site again? What is your experience? Actually, i would like to know, at what property rate bookings are happening in Baner - Balewadi. Please, let me know in the comments.

Palash 2 and Topaz Park were not the only projects to offer the special scheme in Aundh Annex area - Wakad, Pimple Saudagar and Rahatani. There must be quite a few in Balewadi Baner. I am going to blog these offers. So, if you have not subscribed, please, subscribe for free to my Ravi Karandeekar's Pune Real Estate Blog. To know more about my Pune real estate related blogs, please, visit my Google Group, Ravi Karandeekar's Pune Real Estate Blog Group. Instead of writing a comment if you enjoy talking, i am all ears, call me on my mobile 91 98600 44110. First 15 minutes talking is free!

To know more about Venezia at Baner, please, visit www.veneziahomes.com

Email :
info@veneziahomes.com
Site Address :
Opp. Pashankar Auto, Mumbai-Bangalore Exp. Highway, Baner, Pune - 411 045.
Phone :
+91 - 20 - 32402200
Mobile:
91 93730 12020 / 91 93255 71010 / 91 93254 02020
Office :
Opp. Kamla Nehru Park, Off. Bhandarkar Road, Pune - 411 004.
Phone :
+91 - 20 - 30223022, 30223033

real estate real estate investment Indian real estate Pune real estate Pune real estate market Pune news Pune real estate news Pune real estate market news Pune real estate blog Ravi Karandeekar Kunal Sancheti Associates Venezia at Baner Baner - Balewadi Property rate Kunal Group Pune Sancheti Associates Marathi newspaper Sakal booking rate Special introductory offer Baner Pashankar Auto Mumbai Bangalore highway Hinjewadi real estate rates 2 bhk flats 2.5 bhk flats 3 bhk flats luxurious apartments specifications Modular kitchen Palash 2, Wakad Topaz Park, Wakad Aundh Annex Wakad Pimple Saudagar Rahatani Google Groups Ravi Karandeekar\'s Pune Real Estate Blog Group 91 98600 44110 Kamla Nehru Park, Pune Bhandarkar Road, Pune

At Paranjape Schemes' Blue Ridge, Hinjewadi, few flats are available for booking!

2008-07-14T13:18:00.066+05:30

Be a world citizen!:

Looks like that quite a few people dropped the idea of becoming a world citizen. Today around 25 flats are available for booking at Blue Ridge, Hinjewadi. A township by flagship Infrastructure (P) Ltd. A Paranjape Schemes' Venture.

Property Rate:

At launch, on Saturday, October 27, 2007, booking rate of Blue Ridge was Rs. 3,200. Toady, property rate is Rs. 3,500 per sq.ft. for 1st to 7th floor. After that there is Rs. 20 floor rise per floor up to 20th floor. Real estate rate for 21st to 25th floor is Rs. 4,200 per sq.ft.

All types of flats:

2 bhk, 3 bhk, 4 bhk and 5 bhk, all types of flats are available. In tower 2 (2 flats), 5 (3 flats), 6 (4 flats), 9 and 11(9 flats each) and 14. Quantity is not much but looks like that you have some choice.

2 bhk and 3 bhk flats in Tower 2, 5 and 6:

In the Tower 2, 5 and 6, there are 4 flats on each floor. 2 flats each of 2 bhk ( Carpet Area 1,036 sq.ft. ) and 3 bhk ( Carpet Area. 1,325 sq.ft. ). Saleable area of 2 bhk is 1335 sq.ft. and 3 bhk is 1730 sq.ft. If you visit the website you can see the floor plans and the saleable area statement.

But there is nothing much to see in a 2 bhk or 3 bhk flat. Plans are typical. When i saw the floor plans for the first time, i was disappointed. I was looking at 1975 model of Fiat car, which is used as a taxi in Mumbai, when i was expecting at least Maruti 800. Paranjape Schemes has served "Limited Rice Plate" of Suvarnarekha Dining Hall in 40 piece Bone China set!

2 bhk and 3 bhk Flats in Tower 9 and 11:

In tower 9 and 11, there are 5 flats on each floor. Flat no 1, 4 and 5 are 3 bhk flats. No 2 and 3 are 2 bhk Flats. Generally, we prefer the corner flat but i liked the Flat no.2 more, which is in the middle. It's small (or compact / cozy). Carpet area, as per the brochure, is only 862 sq.ft. And saleable area, as per the website, is 1,141 sq.ft. I liked the layout of the flat. Because of the layout this flat will look like a 'home'. Position of the bedrooms are at two opposite sides of the flat and living, dinning and kitchen is in the middle. This will give some privacy for both bedrooms.

Personally, i do not like the layout of the flat in which private area and public area is divided into two parts. Like you see in the flat number 3, 4, and 5. First reason is, this type of a flat looks like "living quarters" not a 'home'.

Second reason is, in this type of a flat ( flat no 3, 4 and 5 ), all bedrooms are side by side, they share common walls. You do not get any privacy in these bedrooms. Me and my wife are very vocal in the bed and our son sleeps light. We do not want to disturb him, sleeping in the next bedroom. If we had been fond of sleeping in the air conditioned bedroom then, may be, i would not have mind common walls. But, we do not like an A/C in the bedroom. Those of you who enjoy sleeping in the 'sound proof air conditioned bedrooms', i am sure, must be rethinking about it after watching the details of unfortunate Arushi Murder Case of Noida, India.

However, according to the brochure, carpet area of Flat no.3 is 1060 sq.ft. and as per the website saleable area of this 2 bhk flat is 1,361 sq.ft. Whereas, 1,810 is the saleable area of 3 bhk flats, Flat no. 4 and 5, whose carpet area, as per the brochure, is 1,393.

Flat no. 1 is the most unique design i have ever seen. My son, for sure, will like it. In this flat, his girl friends do not have to face us even for couple of minutes before going to his bedroom. Straight away he can take them to his bedroom because we will be sitting in the living room which is not at the entrance of the flat but at the far end. Carpet area of this unique flat is 1,451, as per the brochure. Website says saleable area is 1,814 sq.ft.

Terms of Payment:

Booking amount is Rs. 1 lakh. Within 10 days from the booking you have to pay 10% of the agreement value. Agreement will be done in a couple of months from now. At the time of the agreement, depending upon your flat you will have to pay around 3 to 5 lakhs.

Compare Megapolis and Blue Ridge:

Someone has told me in the comments to compare Kumar Properties' Megapolis and Paranjape Schemes' Blue Ridge. Sure, i would like to, only if i could get the details. Which are little difficult to get.

Here whatever comments i have made are my professional expectations. I believe in certain fundamental features should be there in any floor plan. At the same time, there should be enough scope for the home maker's life style in the planning.

I would like to know what you expect in the floor plan. In the comments, please, share your views on these flats or tell us about any plan you liked. To keep this conversation going, subscribe to this Ravi Karandeekar' Pune Real Estate Blog. To know about my other blogs, please, visit my Google group, Ravi Karandeekar's Pune Real Estate Blog Group. Feel free to call me on my mobile 91 98600 44110 to share your views or even just to say hello! You can also join me on Twitter!

Contact Blue Ridge:

Corporate Office :

PSC House, Dr. Ketkar Road,
Near Suvarnarekha Dining Hall,
Erandawane, Pune - 411004.

Tel.: +91-20-3022 3344 / 2544 0986 / 2546 2128

Head Office :

Tel.: +91-22-2610 5350 / 2610 5165 - Mumbai
Tel.: +91-0231-6523 055 / 2652 362 - Kolhapur
Tel.: +91-02355-255075 / 6 - Chiplun
Tel.: +91-80-25219911 - Bangalore

Site Office :

Flagship Infrastructure Pvt. Ltd.
Paranjape Schemes Venture,
S.No.173, Near Cognizant Sys,
Rajiv Gandhi Infotech Park - Phase-I,
Hinjewadi, Pune - 411027

Call - +91-020-22934900
Fax - +91-020-22934901
email : contact@blueridge.in
website : www.blueridge.in

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2 Buy your dream home now: Experts suggest that investors willing to buy residential properties should not wait. It is better to invest at current levels.

3) Tech Mahindra plans to have a headcount of 25,000 in Pune

4) IT/ITeS to fuel realty growth in '08

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Review of Mont Vert Seville, Wakad - 2 and 3 BHK luxurious flats at an affordable price starting from Rs. 29 lakhs

2008-05-17T06:10:00.013+05:30

It is all about not cutting corners, just the price:

For a while, Mont Vert is trying to brand it's flats as a "Resort Homes". Even they had appointed Remo Fernandes, a Pioneer and Exponent of Indian Pop, Rock, Socio-Political Protest, Fusion, Bollywood, Chill-out and Meditative Music in Goa, as a celebrity brand ambassador for their "Mont Vert Tropez" at Wakad.

Mont Vert has stopped using the brand ambassador, which was rated 5/10 on Top Celebrity Branded Real Estate Projects in India, but not the concept of "Resort Homes" and "a resort like ambiance complete with water bodies, exotic landscaping".

Mont Vert claims to develop same in "Mont Vert Seville". Good thing is you can visit Mont Vert Tropez and check! The layout of the project, for me, does not look like a resort. It's typical.

If you discount the resort type of a ambiance, then what is left is - designer tiles, stylish glass shower cubicle with a massage jet, French windows! I think they realized this. And to look property price attractive, added 25 years free membership to Club 29, an exclusive lifestyle Club.

Amenities and Specifications:

Mont Vert does not believe in Specifications. They have a list of Amenities - Internal Amenities and External Amenities. It's usual list. I do not say this. Mont Vert has said shower cubicle and massage jet are the only unique specifications in the flat.

But remember, the French Windows are in the dinning and kitchen only. They are for better view and ventilation, that's good. But what about the resort like ambiance? I was expecting French Windows in Living and Bedrooms too. If something like this comes to your mind, do what i did. See the elevation of Mont Vert Seville!

PCMC and Banks' Approvals:

Most impressive feature of the floor plans is - PCMC' Plan approval and work commencement certificate number: BP / Wakad / 20 / 08 Dated 25/02/2008

It also tell us the vision of the builder Mr. Jayant Kaneria. Considering plan approval and work commencement certificate 'process' takes a month or two, these plans were designed in the second half of 2007. It means an year ago,in 2007, Mont Vert knew what would be the property rates in May 2008. And since 2007, they were trying their best to break the upcoming price barrier in Pune real estate market! This is very impressive. Flying French Kisses to you sir!

Project is approved by Private Sector Banks. ICICI, HDFC and Kotak Mahindra. APF Numbers are given on the website.

It is all about just the price:

What is not there is the property rate and the quotation of the flat. Mr. Mont Vert, isn't property rate your selling point? Look what Kumar Properties' Megapolis has done. Real estate price is there on the website.

Are Resort Homes like this?

Sorry, i haven't been to any resort so i don't have any idea about resort homes. But i know, some thinking is involved in the planning. This thinking is the concept of the project.But at Mont Vert Seville, sorry, i didn't find any. Of course, i do not mean to say there isn't any concept. It must be there. But i was looking for something more than fitting maximum flats in the FSI on hand. If you could find even a glimpse of "strategic planning and smart techniques", please let me know in the comments.

I think, now, i should let you choose your flat. Mont Vert Seville has 12 story 8 buildings. I couldn't count exact number of flats. No wonder, number of buildings, flats or size of the project is not mentioned on the website. Actually, there is no exact description of the project. What is described on the website is not there in the planning!

Mont Vert Seville known that Wakad is 3 Kms from Hinjewadi IT Park. But do they know, i wonder, what IT stands for? I have heard, Mont Vert is weak in abbreviations, acronyms and initialisms!

If you like this review, please, "EMAIL THIS" to your 10 friends and subscribe to RSS of this blog. I am sure, you have lot to say about the property rates and Mont Vert Seville. Come on, we all are ears!

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3) Home loans and interest rates news links

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Should i cancel the booking in Wakad / Balewadi / Baner and book in Kumar Properties' Megapolis?

2008-05-12T17:27:00.013+05:30

From Blue Ridge to Megapolis:

This is one of the many questions on my posts on Kumar Properties' Megapolis at Hinjewadi on "Pune real estate market news blog". I am sure, he is not the only one. Some of you must be in two minds too. Fortunately, this time you have time to think twice or even thrice. Megapolis or Wakad / Baner - Balewadi? What do you prefer and afford? Please, tell me in the comments. You can think it over once again, no problem.

There was no time to think when Paranjape Schemes' Blue Ridge was launched in the first phase of Rajiv Gandhi Infotech Park. Who took time to think are still thinking, 'Should i book a flat in Megapolis or wait for the 2nd phase of Blue Ridge?'

Zoo or Jungle?

Yes, there are lot of questions about Megapolis. I also have one,"Would you like to live in a gated community?" As a born Punekar, i do not want to live in a township totally cutoff from Pune city. It could be ultramodern and luxurious but i do not enjoy life in the zoo. I am born free. What about you?

Come on, let us discuss all questions. I have compiled a list of questions about Megapolis on my Pune real estate investment blog. Please, visit the blog and if you can answer, please, share your info and views in the comments. Who knows, whether we will get time when Magarpatta's Nanded City is launched on Sinhagad Road!

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3) Waiting list of Paranjape Schemes' Blue Ridge Township at Hinjewadi, Pune closed after 400 bookings

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Megapolis - views and property rates of Kumar Properties' and Avinash Bhosale Group's 150 acre integrated township at Hinjewadi, in Pune

2008-05-01T05:53:00.013+05:30

Megapolis, 150-acre township in the 3rd phase of Rajiv Gandhi Infotech Park in Hinjewadi, to be built under the Special Township Act, was announced here on Monday by Pegasus Properties Private Ltd, 50:50 % joint venture between Avinash Bhosale Group and Kumar Properties.

The Rs 1,400-crore project - Megapolis - has 5,800 flats, 2, 2.5 and 3 bhk flats and studio apartments in 56, 21-story towers and an IT special economic zone. To read more, please visit: Kumar Properties' Megapolis at Hinjewadi - 3rd integrated township after City Group’s Amanora Park and Paranjape Schemes' Blue Ridge

For Bookings, please, contact:
Pegasus Properties Pvt. Ltd.
R-1 / 1 to R 1/4
Phase III, Rajiv Gandhi Infotech Park
Hinjewadi, Pune 411027
Telephone Nos. 020-22933321 / 22, 020-32348180 / 81
E-mail: sales@megapolis.co.in
Website: www.megapolis.co.in

First enjoy the views ( Copyrights 2008 by Pegasus Properties. ) and then see the property rates. But for the current real estate prices call Meagapolis.

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Achalare and Rachana launches Technopolis, Luxurious 2 & 3 bhk flats at a affordable price, at Baner in Pune

2008-04-28T18:48:00.022+05:30

Rachana, Baner and Affordable Property Price!

These 3 things do not go together. Rachana Associates is always associated with upmarket, luxurious and expensive properties. Take any project Gold Cost near Green Park Hotel or Beverly Hills near Pancard Club, 'affordable property price' was never a selling point.

Same with the Baner. Though Baner is a second choice to Aundh, if you are looking for affordable price you will not go to Baner, you will go to Wakad.

But Technopolis ads are totally focused on the price. For example, see these sentences:

Live in 5-star luxury minus the price.
The ritzy dream residence at a truly affordable price!
Luxurious residences. But affordable!
And you thought luxury was only for the rich and famous!

Affordable property rate = Rs. 3,600 per sq.ft. only:

Somebody at Technopolis told me in last 3 days they got more than 600 phone calls 'asking what's the rate?'. I am sure, if you add the phone calls asking 'where in Baner' 'how to come to the site?' all telephone companies must have got good business because of the Technopolis ad.

Does it means, because of the "Get Paid for Incoming" plan, Virgin Mobile is going be the preferred mobile service of Pune builders? Let us see..

At Technopolis, Rs. 3, 600 per sq.ft. is the basic rate. When you add 'floor rise' of 25 rupees per floor property rate of the 8th floor is Rs. 3,775! Including parking, MSEB, Apartment Formation, Stamp Duty and Registration Charges, 2bhk flat of 1,310 sq.ft. on 1st floor is for Rs.52,95,150 and 2 bhk flat of 1,302 sq.ft. on the 8th floor is for Rs. 55,04,153. Where as 3 bhk flat of 1,646 sq.ft. on 1st floor is for Rs. 65,65,230 and on 8th floor 3 bhk flat of 1,643 sq.ft. is for Rs. 68,55,791!

Quality and luxury of Rachana Associates

Before i could comment on the property rate, my friend at Technopolis, Ravi Marda, explained how i am going to get the quality, luxury and elegant elevation of Rachana Associates at lesser rate than they normally charge. Not only that, here i am going to get the same floor plans of the Rachana Associates' Beverly Hills.

Abhijit Achalare, dynamic director of Achalare Associates, had already told me why there is no sample flat ready. He did not want you to miss the auspicious occasion of Akshay Tritiya to book your flat at Technopolis! To find out more about the planning and to see the sample flat i went to Beverly Hills.

Beverly Hills at Pancard Club:

First of all, let me tell you, if you are searching for a good property at a "current reasonable" rate in Baner, please do not do what i did. Do not visit Beverly Hills after visiting Technopolis. Why? These are my reasons:
1. Beverly Hills has a sample flat ready.
2. At Beverly Hills in A and B wing, there are few flats available whose possession is in September 2008 .
3. At Beverly Hills, they have just opened the booking of C wing whose possession is in March 2009.
4. They have already started the construction of C wing and 6 slabs are done.
5. Rachana Associates themselves are constructing Beverly Hills.
6. Construction of the club house is going on.
7. You get fair idea of the impressive entrance lobby, the 2 tire parking and vehicle free zone, as well as the complete layout of the project.
7. Property rate is Rs. 3,500 + 25 Rs. floor rise. So 2 bhk flat of 1,300 sq.ft. fits in to the budget of 51 to 53 Lakhs. 3 bhk flat of 1,6oo sq.ft. fits in the budget of 61 to 63 Lakhs.
8. Covered parking at Beverly Hills is Rs.1,50,000. But at Technopolis Rs.2,00,000. MSEB is Rs.60,ooo at Beverly Hills but Technopolis charges Rs.1,00,000.
10. If you are not adventurous and believe in safe investing 50% completed project is good, particularly in these days of rising construction costs, as per the statement by Promoters and Builders Association of Pune.

Rohan Leher and OvalNest

At Technopolis, surprisingly for the first time in my life, i heard a salesman in Baner, talking about Warje and OvalNest. While talking about the huge demand for the flats in Pune at current realty rates, vice president of the PBAP also gave example of the more than 100 bookings in a day at SRK Developers' OvalNest. But why nobody is talking about Rohan Leher? At Rohan Leher, property rate for 1st to 5th floor is Rs. 3,500 and above 5th floor is Rs. 3,600!

If you know any project at Baner who is offering better rate than this, please, let me know in the comments. Please, subscribe to keep getting all my blogs by email. Now, builders have also, at least, started talking about "price and affordable home." Thanks, Technopolis!

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Felicita - Baner: 2, 2.5 and 3 bhk flats, opposite Hotel Mahabaleshwar on Baner road in Pune, reduces the property rate - Rs.3,801 ...only for 2 days

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Felicita - Baner: 2, 2.5 and 3 bhk flats, opposite Hotel Mahabaleshwar on Baner road in Pune, reduces the property rate - Rs.3,801 ...only for 2 days

2008-04-19T18:27:00.020+05:30

Launched at a "special" rate of Rs.4,251 per sq.ft.!

As per the ad in the Westside Plus and the phone call i received, for 2 days - today and tomorrow - till 20th April 2008 - Felicita - Baner has reduced the rate by 450 rupees per sq.ft.

Now, you can book your flat at Rs.3,801 per sq.ft. At this rate, if you book 2.5 bhk flat of 1,285 sq.ft., you can save nearly 5.8 lakhs!

You know, in the first week of March, Shree Venkatesh Group had launched Felicita Baner at a special rate of Rs.4,251 per sq.ft. and till today could book only 26 flats.

Are the property prices in Pune crashing?

Ritu, you must read her comment, called Felicita - Baner twice to confirm about the price reduction. Ritu also tells about her experience at Mont Vert. Mont Vert is ready to offer the discount of Rs.100 per sq.ft.. "Are the property prices in Pune crashing?" Ritu wonders.

I am curious to know what Priya says about this price reduction. Because, Priya says, "anything more than 3,000 Rs. per sq.ft. in that area is a rip off" What do you say? Should property rate at Baner come down to Rs.3,000 per sq.ft.?

"Is rental better?"

The way rates are going up, rental is a better option says Amar. He is glad to know that many people think like him! What do you think?

Felicita - Baner: 40% construction work done!

All this discussion is very important to me because we are talking about Baner. If 3,000 Rs. per.sq.ft. is OK in Baner then what should be the real estate rate in Wakad, Rahatani and Pimple Saudagar & Nilakh? Rs. 2,500 per sq.ft.!

Plus, we are talking about Felicita which is at a prime location on the Baner road, opposite Hotel Mahabaleshwar. Not at Pancard club, or on the other side of Mumabi Pune bypass like Rohan Leher or at Balewadi! Which are for sure undeveloped than this location.

Most important is the stage of the construction of Felicita. More than 40% work is done. You will be booking a flat in the building whose 5/6 slabs are cast. Hope Felicita will act smart in this slowdown in Pune real estate market, ignore the stunts of PBAP, learn something from the other projects where ready possession flats are laying vacant and come down on the rate and complete the project in time.

To keep a watch on the happening Pune real estate market, please, subscribe to RSS of my blog in Google reader or get an email. Join my Google Group. Feel free to call me on my mobile or chat with me on the Google Talk (i am using Labs Edition) or join me on Twitter. Please, keep on sharing your views and news in the comments! All the best for fruitful negotiations and best deals!!

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Gera's Regent Park at Pancard Club, Baner: Is Supreme Pallacio an option or a competition?

2008-04-08T08:19:00.037+05:30

Supreme Universal launched Supreme Pallacio, Apartmentos de Castillo(!), last weekend. Half page pre-launch ad on Saturady and the full page ad on the day of the launch - Sunday, talked about the high-end specifications (and asked you to call for an "Invitation")!

I wont say, i do not like the project, but i find it difficult to say that Supreme Pallacio is a great project. I find it difficult to say great, because, to me, Pallacio looks like a typical multi-starer Karan Johar type NRI-oriented Hindi film which fails to charm young Indian multiplex box office.

Gera's Regent Park vs. Supreme Pallacio:

I, also, find it unfair to compare Supreme Pallacio with Gera's Regent Park. Unfortunately, for sure, the comparison is going to happen.

First reason is both projects, Gera's Regent Park and Supreme Pallacio, are in the neighbourhood of Pancard club at Baner. Both projects are of nearly the same size. Both projects have high value flats in the 1 crore plus bracket.

Gera's Sky Villas at Kharadi:

But Supreme Pallacio has one big advantage. Pallacio has a sample flat. Gera's Regent Park doesn't have one. They will take you to Gera's Sky Villas at Kharadi. If anybody fails to understand the features and the benifits of Gera's Regent Park, because there is no sample flat, as a Pune real estate salesman, i will feel sad.

High value Pune Properties:

After all, Gera's Regent Park represents every thing high value Pune real estate architecture and planning stands for. Gera's Regent Park is not only lavish but it has a concept, a thought. A unique trend set by '1 modibaug' and Arc.Vishwas Kulkarni. (Do you know Venkatesh Mirabel, which is in the same neighbourhood, is also designed by Arc.Vishwas Kulkarni?) But after visiting the sample flat of Pallacio, do you think anybody would be in a mood to think rationally? Please, have a look at the photos and get the feel of the project:

1 modibaug set the trend:

Aniruddha Deshpande's City Development Corporation, promotors of Amanora Park Town, and Rohan Builders, who launched Rohan Leher in the last week, set the trend of high value flats in Pune. In 2003 they lauched "1 modibaug", an exclusive project of 80 flats in the price range of Rs. 1 crore plus, adjacent to Agriculture College, on the Pune University Road.

Who has 1 crore plus budget?:

At this budget only Schin Tendulkar, Chairman of some Sugar Co-op and Poitician from Baramati can afford to book a flat at 1 modibaug was the popular idea. But, one evening, my wife told me that her friend has booked a flat in 1 modibaug. This news not only challenged me as a real estate professional but hurt my pride as a husband too and i expressed my doubts about his 'integrity'. Obviously, i had to pay for this and face her non co-operation movement for the next couple of days and nights.

Pune rides high-end boom!:

Today according to Vishwajeet Jhavar, CEO, Marvel Realtors, the demand for the super luxurious homes is much more than the supply. He himself has completed 5 super luxurious projects which were booked before the formal launch. (Voila! Booking Open!! Marvel Imperial at Boat Club, Marvel Diwa at Magarpatta road, Marvel Enigma at Kharadi, Marvel Matrix at Mundhwa. Call 020 2605 2920/1, 91 93712 18215, 91 93258 69666.)

Darode Jog, you too?:

Subsequently, because of the demand and the prise rise the bar for premium housing went on rising. From Rs 1 crore to Rs 2 crore became the entry lavel high value flat. For example, budget of a 2 bhk flat at Darode Jog's Blossom Boulevard at Koregaon Park is 1 crore and 15 lakhs and above. (Hurry! last few falts left! Call 91 99229 01413)

1 Crore flat on Paud Road!:

Obviously, now a days, we find lots of 'premium flats' in Rs. 1 crore plus bracket even in the medium budget schemes - Paranjape Schemes' Blue Ridge at Hinjewadi, Pethkar Projects' Samrajya - Balwantpuram on Paud Road in Kothrud, Amit's Treasure Park at Sant Nagar on Satara Road, Amit's 9 Green Park at Sahakar Nagar - all have flats in the 1 crore plus bracket which are not considered obscenely expensive.

YOOPune:

If you find this '1 crore plus' bracket too much, let me remind you about the upcoming project of Panchshil Realty and Celebrity architect and designer John Hitchcox and French designer Philippe Starck. Their project, 'YOO Pune' at Hadapsar is going to have 400 SOHO homes in the first phase. The minimum cost of a Soho Home - a fully furnished apartment measuring 600-700 sq ft - would be Rs5 crore. Just imagine, what would be the price of 300 other apartments in the second part of the project, each measuring between 4,000 and 9,000 sq feet!

Afterall, Pune is one of the most important city of ‘CHINDIA,’ (as these two countries, China and India, are collectively denominated). Which has become the prime target of many big global investors! So, please, subscribe to my blog, join my group and keep in touch with the latest Pune real estate developments.

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Felicita - Baner: 2bhk, 2&1/2bhk and 3bhk flats, opposite Hotel Mahabaleshwar on Baner road in Pune, launched at a special rate of Rs.4,251 per sq.ft.

2008-03-09T15:04:00.019+05:30

Prime Location:

Launching of Shree Venkatesh Group's Felicita - Baner, opposite Hotel Mahabaleshwar on Baner road, is a big news in Pune real estate market. After a long time, a township of more than 100 luxurious apartments is launched on the Baner road. May be for the first time near Hotel Mahabaleshwar.

Most of the ongoing luxurious projects who claim to be in Baner, you know, are either in Balewadi or near Pancard club. I am talking not only about premium projects like Kumar Builder's Kumar Aatman, Vascon Engineers' The Willows or Gera's Regent Park which are in the league of Felicita-Baner but even about well known projects like Koolhomes, Kunal Group's Regulus or Sahil Group's Serene.

Baner Road - scoring high on the lifestyle quotient:

Baner was always a second option to Parihar Chowk, Aundh. Rahatani, Wakad, Pimple Saudagar - Aundh annex, mostly, third and the last option for the software professionals working in Hinjewadi. To brush up the memory of my readers in US and UK, let me quote from the article 'Baner Road, speeding ahead' published in Pune Westside Plus:

And every endeavoring soul seems to be striving to improve the quality of life at Baner. This zone appears to be ever progressing in all facets of business. Especially the close proximity to the Mumbai-Pune Expressway has helped Baner evolve as the preferred location for the expansion plans of information technology companies, insurance companies and the banking sector.

Baner Road, which starts from Pune University Chowk and stretches right up till the Balewadi Gaon Phata, is a world of a difference today.

Baner is aiming at scoring high on the lifestyle quotient too! With new and classy residential and commercial projects being constructed along Baner Road, there’s no looking anywhere else for more! All lifestyle requirements are soon to be totally fulfilled within the area itself. Baner is heading towards complete self-sufficiency.

Many great builders like Bal Developers, Vascon, etc., with their elegant residential projects have made Baner ’hot property’. IT professionals from Software Companies like Symantec, Calsoft, Brainvisa and more in close proximity at Hinjewadi, have emerged as immediate takers.

3 side open 2bhk, 2&1/2 bhk and 4 side open 3 bhk with servant's room:

Sample flat ready: One would have booked a 2bhk or 3bhk apartment at Felicita - Baner by just visiting the location and having a look at the layout plan and floor-plans.

Still, Shree Venkatesh Group has made a sample flat in the parking of the building. Yes, construction has already started! To me, it means that the builder is not interested only in my booking but he enjoys constructing too.

Sample flat is of 2&1/2bhk which is good because it gives a fairly good idea of a 2bhk as well as a 3bhk flat. As a real estate marketing professional, to impress you, i would have appreciated if the interior would have been more sophisticated and classy. But it would have lost the genuineness because this builder is more of a builder than a marketer of real estate or developer who excels only in making sample flat!

Of course, personally or professionally, i do not know Mr. Nimhan of Shree Venkatesh Group but i liked what i observed at site. First the owner was present at the site and second Shree Venkatesh Group's earlier customers had come to book at Felicita - Baner and were talking to Mr. Nimhan!

Excellent Layout: I liked the layout of the project because it treats equally both 2bhk as well as 3bhk flats. Mostly when there are 3bhk flat with the servant's room and also a simple 2 bhk flat in the project, you know, all the best things, location in the layout - view, goes to 3bhk flats of 1500 sq.ft. and 2bhk of 1100 sq.ft.are somehow adjusted somewhere.

But the architects of Felicita - Baner, Principal Design Consultant - Pendse and Associates of Mumbai, have treated every flat rather well. So,the builder has not divided his flats into two categories, so there are no two rates, 100Rs. more for the good flat than the not so good one! Which means you are sure about light, ventilation and view will be good in any flat. This gives you the freedom to exercise your choice!

3 side open 2bhk flat: 2bhk flat is of around 1100 sq.ft This is a good size. Not too small a flat. Or not too big to fit in the budget.

Plus 2bhk flat comes in two types. Every flat comes with a terrace attached to the living or dinning. But, if you wish, you can go for a flat whose both bedrooms come with attached terrace. For example 2 bhk flats in wing c.

Besides being open on three sides, plan of the flat is very efficient. First, there are no passages - no waste of space. Second, common spaces -living+dinning+kitchen- and private spaces - bedrooms - are clearly divided, still bedrooms have privacy.

Kitchen has privacy too. But dinning is exactly in front of the main entrance though it has it's own niche. Of course, if you wish, you can put a partition (like in the sample flat) and get some privacy for the dinning too.

Both bedrooms of the same size 11 x13, is simply good and unusual. I am sure, you will appreciate it.

3 side open 2&1/2bhk flat: I have already told you that sample is of a 2&1/2bhk. Both 2bhk and 2&1/2 have the same basic layout and features of planning - efficiency, privacy and openness.

The only major difference is an addition of one 10x10 room, placed at the main entrance. Which you can use as a guest room, study, home-office or invite your clients without disturbing your home.

Dimensions of all the rooms are a little bigger and only one bedroom has a terrace so this 2&1/2bhk fits into 1300 sq.ft. If you can treat 10x10 room as a bedroom, this can be your 3bhk flat!

4 side open 3bhk flat with servant's room (without toilet!): This 3 bhk flat of 1500 sq.ft. is going to look very spacious because of it's shape. Plus your master bedroom is 11x15 and with attached terrace.

Giving an equal importance and the same treatment to all flats in the project and to every room in the flat is the best format of the planning, which i feel, will generate goodness in the family as well as in the project. I came to this conclusion because i am very much impressed with Arc. Vishwas Kulkarni. After talking to him recently, i have realized that in a way every flat is a sort of 'Yantra' which is supposed to perform some function! In short, 2bhk, 2&1/2bhk and 3bhk flats of Felicita - Baner are good Yantras! Amen!!

Specifications and Amenities:

You can see, obviously, all expected specifications and amenities are given. More than the list of specifications how these specifications are delivered to you - the quality and the finish of the construction - is more important to me. I hope, Shree Venkatesh Group will deliver here and at Wakad too!

Property price and budget of 2bhk, 2&1/2bhk and 3bhk flats:

As per the estimate i got when i visited the site on the day of the launch, Saturday March 9, 2008, for 1 to 3 floor, real estate rate at Felicita - Baner was Rs.4,251 per sq.ft.

From 4 to 9 floor there was floor rise of Rs.50 per floor. So property rate of 4th floor was Rs.4,301 and 9th floor was at Rs. 4,451 per sq.ft. After that, floor rise is generally Rs.100.

Salesman at the site office of Felicita - Baner told me that this is a special introductory rate. The normal booking rate of the flat is Rs.4,500. Which sound reasonable to me.

After all, last week, in the developed area of Pune - Samrajya Balwantpuram on Paud Road in Kothrud, Amit Treasure Park on Satara Road and Amit 9Green Park at Sahakar Nagar, both projects by Amit Enterprises' Pune - basic real estate price was Rs. 5,600. Which at any point of time could go above Rs.6,000.

Even in the Pimpri Chinchwad, in the heart of Chinchwad, at Queenstown and The Metropolitan property rate was Rs.3,200.

Compared to these rates and considering the development and infrastructure of the Baner Road this rate was not unexpected to me.

What about you? Please let me know in the comments. You are always welcome to call me on my mobile. I do not charge for the first 15 minutes! If you liked my blog and want to read all my Pune real estate reviews, please, subscribe to email or RSS of this blog. You can also visit my group and subscribe to it if you are interested in all Pune real estate related subjects.

But for the official info - rate, availability and all - about Felicita - Baner please, contact here:

Felicita - Baner:
Survey No 5/2/2, Baner Pashan link Road,
Opposite Hotel Mahabaleshwar, Behind RMZ Symatec,
Baner, Pune 411045.
Ph. No. (020) (20255114)
Mobile : +91 99227 44545
Email : shreevenkatesh@yahoo.co.in
Website: www.felicitabaner.com

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Review of apostrophe', Platinum Towers and Silver Skyscapes Pune real estate projects from Wakad Chowk to Dange Chowk (Thergaon) Road

2008-01-23T17:43:00.000+05:30

"Take a first left turn as you drive down the Hinjewadi flyover!"

When i visit any real estate project in Pune, along with the property rate, i note down the "pick up lines" used by the salesman. Over a period, my collection is growing and i can start a website like "The Most complete and Most Useless Collection of Pick-Up Lines"

Some times, i start noting down the 'pick up line' even when i make a call to inquire about the project. For example every salesperson at these three projects in Wakad - apostrophe', Platinum Towers and Silver Skyscapes - used this 'pick up line' to tell me the location of their project: "Take a first left turn as you drive down the Hinjewadi flyover!"

"Did you visit our stall at the exhibition?"

There was a PBAP exhibition last weekend so when i entered the site office, real estate salesman did not ask the standard question,
"What are you looking for?"
or "What is your requirement? 2 bhk or 3 bhk?"
but "Did you visit our stall at the exhibition?"
This was a good change. I liked it. I always feel offended when salesmen give that probing look and ask me what's my requirement.
I thank the Promoters and Builders Association of Pune (PBAP) for doing a great favor on Pune property buyers by organizing the exhibition.

View Larger Map

"We have not yet launched the project but 60 % flats are already booked!", apostrophe'

Admiring tall trees on the left i climbed down from my bicycle (i blog on cycle2work!) at the well designed board of the apostrophe' and i got the shock of my life.

There was a nicely designed site office on my left side.
Couple of new cars were in the parking.
Few families were chatting or may be gossiping (but definitely not complaining!) in the groups outside the office.
Construction of 5th or 6th floor of both the buildings was on.
Over and above there was a "Quality Control Lab" on the left side!

Till then, I have never seen a "Quality Control Lab" along with the site office at the main entrance of the project. I was impressed. I became more alert because i felt there is something unusual about this project, apostrophe'.

Trying to hide my eagerness, i declared in a flat tone of voice that i want to see the sample flat. "Sample flat will be ready in a month's time." Gaurav told me politely. "Actually we were going to launch the project after the sample flat is ready but people insisted on booking a flat in apostrophe' so we had to start accepting bookings." Murari, the other salesperson, explained.
"We have not yet launched the apostrophe' but 60% flats are already booked!" Gaurav said. I noted down the 'pick up line' on the brochure.

apostrophe': construction starts before booking opens - rare phenomenon!

I believe in Gaurav and Murari because:
1) There were no floor-plans in the brochures of apostrophe' or plans are not uploaded on the website of Kasturi Housing but i saw and liked the plans.
2) Sample flat was not ready but the specifications are impressive and layout plan of the project is good.
3) Now a days, when i visit any site i get a feeling that the builder is more interested in getting my booking than constructing the project. Here, at apostrophe' i felt and saw with my own eyes that this builder, Kasturi Housing, is interested in actually constructing the project. Kasturi has already started the construction before they started taking bookings of apostrophe'. Which is a rare phenomenon!
4) I have seen Kasturi Housing's completed projects so it was easy for me to trust the salespersons, Gaurav and Murari, of apostrophe'.

apostrophe': Property rate, budget and brief info about 2 and 3 bhk flat

1. 2 bhk flat - 1180 to 1270 sq. ft. - rate rs. 3,100 to 3,300 per sq. ft. (on Jan 25, 2007) - budget 41.5 to 44.5 lakhs (approx)

2. 3 bhk flat - 1560 sq. ft. - rate rs. 3,100 to 3,300 per sq. ft. ( on Jan 25, 2007) - budget 53 to 56.5 lakhs (approx)

3. 4 Buildings and 350 + flats

4. All amenities- I liked the traffic free zone, the size and layout of landscape garden with club house and the drive ways. I would like to blog it on my Kitchen and Bath blog when i get the drawings.

5. Fully furnished toilets. Fittings and fixtures - imported and/or best sanitary brands.

6. Fully furnished kitchen including trolley cabinets, hub, chimney, exhaust fan and common water purifier. Please, subscribe to my Kitchen and Bath blog for the updates.

7. Specification of apostrophe' is a separate topic of the blog. As soon as i get the 'official info' from the builder, i will blog it. (So better subscribe to RSS or Email, in the side column of this blog.)

8. To get official info call: 1. Gaurav - 91 98907 71171 2. Murari - 91 98232 61600 3. email - info@kasturihousing.com

"Is there any special discount for Infosys?"

You naughty software engineers from Hinjewadi, while working as an 'on site real estate salesman', i have collected few of your 'pick up lines' too. Which i use with great caution when i visit the site. For example "Is there any special discount for Infosys?" I have used it more than 100 times. With a little creative adaptation, i am sure, i can use it another 100 times in 2008.

But for the 'Platinum Towers' next to apostrophe', i was rehearsing my pick up line since i met Dhanajay Kale, owner of an ad agency "DK". When we met, his first question was "How was full page ad of Platinum Towers?" "Hot!" i gave my pet answer, expecting his obvious response, "Sold out!" or "All flats booked on the same day!"

Some day, i am going to blog on these full page ads and Paranjape Schemes' Blue Ridge township's special ad on my Pune real estate advertising and marketing blog. Please, give your observations in the comments of this blog. It will be a great help.

"I was dying to visit you from the day i saw your full page ad in the news paper"

With a broad smile on my face i pulled the chair and sat down in front of Jayesh in the site office of "Platinum Towers" and said, "I was dying to visit you from the day i saw your full page ad in the Sakal" and looking at Manisha sitting at next table, i spontaneously added, "Flats available?" Both of them cheered up and said together, "Yes sir! We are taking bookings of only C and B wings. A wing is not opened as yet!"

Without asking how many flats are booked in C and B wings, i learnt about 35 bookings, which is good in todays market. Of course, sample flat was not ready, excavation work has just started (thank god!) but there was an audio-visual presentation which i had to watch after i got information about the project. I submitted myself to it because, i know, these people, Kishor Developers, deliver.

"First time complete glass elevation for the residential building. Like commercial complex!"

Pointing at the layout of 3 building project Jayesh told me with a great pride about the glass elevation of the building. I was listening to him with 100% concentration but i was missing my dear wife.

I couldn't bare the fact of my wife not being present at that point of time with me and i told Jayesh about it. He agreed with me and said, "yes, if your wife had been with you now, you could have booked immediately."
"May be," i said,"only if you could have convinced her about the insurance premium and maintenance of the glass elevation."
"Jayesh, who is going to wash the glass covering my building?" i asked.
"You! It's easy. Open your window and wash the glass!" Jayesh said.
"How can i manage to clean the flooring inside the flat and wash the glass outside the flat every morning?" No, i did not say this. Because, i did not see any point in discussing my household matter with Jayesh and we started talking about property rates.

Platinum Towers - Intelligent planning and luxurious amenities

Jayesh explained to me how intelligent flats are designed. For example, kitchen has inbuilt breakfast table, bedrooms have privacy, windows of two flats do not face each other, there is a dressing area in the master bedroom.

List of amenities has everything, from club house and swimming pool to vehicle free - centrally designed - children's play area and temple. Every amenity you can find in any real estate project in Pune. With one exception - zoo! Like Blue Ridge at Hinjewadi.

At least today there are no plans on the Kishor Developers' website but Rahul, sales in charge of Platinum Towers has told me that soon they are going to upload them. Neither floor plans were there in the brochure but i am trying to get the files and blog about it.

"If you are planning to buy Tata Motor's Nano, go for Platinum Towers!"

This is my line. Jayesh only told me about how the parking charges are - For 1 car + 1 bike - Rs. 1,50,000 and For 2 cars + 2 bikes - Rs. 2,50,000! Generally, you have to pay for 2 car parks if you have 2 cars. But not in Platinum Towers. It is Nano ready! It means you do not have to pay 1.5 or 2 lakhs for the car park to park your 1 lakh car! Have you read all Nano stories on my IT, BT, Auto blog?

I got a xeroxed rate list when i visited Platinum Towers on 22 Jan 2007. According to it: 2 bhk flat: Rate - Rs. 3,000/- per sq.ft. Area 1023, 1096 and 1101 sq.ft. Total cost including stamp duty and registration Rs. 34,53,700; 36,83,700; and 36,99400.

3 bhk flat: Rate - Rs. 3,000/- per sq.ft. Area 1319 and 1401 sq.ft. Total cost including stamp duty and registration Rs.43,96,100 and 46,54,400.

Maintenance charges Rs. 1.50 per sq.ft. extra. For exact and official information you can call site office of Platinum Towers - 020 2727 8844 or 91 99229 50593, 91 99229 50625 and talk to Rahul and Jayesh. email - kishordevelopers@gmail.com

"We have a scheme of Row Houses in Talegaon!"

If you are in Pune, you know the magic of the word "Talegaon". Anuj Puri, Chairman & Country Head, Jones Lang Lasalle Meghraj, doesn't know this, but it is a hot real estate investment destination in India. Sharma, salesman at Silver Skyscapes, next to Platinum Towers, told me about Manav Promoters' Talegaon Project when i asked him to give me the information about his project - Silver Skyscapes.

"Nothing is available here, in Silver Skyscapes?" i asked him again. "You can get twin bungalows but budget is 90 lakhs +" Sharma said shyly. "Flats?" i asked as if this was my last chance to get a home in Pune. "Above 7th floor is OK with you?" he asked. "Why above 7th? How many floors do you have?" i asked him. He took out a list and showed me how most of the flats are booked in one wing of the 11 storied building.

"Special Offer! No registration charges if you book your flat in Silver Skyscapes before.."

Personally, i do not like to divide my home in two parts. May be because i like a donkey more than a camel. Because i do not like the unusual distance between the two organs of the camel. The organ of the camel which is used to eat food and the part of the body of the camel where that food is digested.

"Sholay", Bollywood blockbuster, may be the all time hit Hindi film and Veeru and Jai may be immortal, but people prefer to buy a secondhand car than a motorcycle with the side car. Why am i telling this, you must be wondering. But floor plans of Silver Skyscapes remind me of a camel. Living area is totally separated from the bedrooms. Of course, Manav Promoters have designed this because 3 side open apartments are good for light, ventilation and privacy. I am sure, most of you will like it too.

Have a look at the figures: 2 bhk flat - 1037, 1123, 1126 sq.ft. Rate Rs. 2,901 / 3,001 per sq.ft. Total budget is in the range of 36.25 to 39.34 Lakhs + Stamp duty and Registration Charges and other premiums.

3 bhk flat - 1302, 1306, 1388, 1386, 1469, 1471. Rate Rs. 2,901 / 3,001 per sq.ft. Total budget is in the range of 42.69 to 48.70 Lakhs + Stamp duty and Registration Charges and other premiums.

Registration off, means 1% off was the exhibition offer which is applicable till 26 of Jan was Sharma's 'pick up line'! To get exact official information you can call 91 98506 62866 / 91 98222 60275 / 91 93700 53530 . Email - contact@manavpromoters.com

"How to decide to book your flat in apostrophe' or in Platinum Towers or in Silver Skyscapes?"

No, i am not telling you how to decide. After working in Pune real estate for more that 12 years, I still wonder how you make up your mind and take a decision. In fact, i would like to know, how you come to the decision. You can tell me in the comments about it.

Or i did not mean to compare the projects with each other and say this project is better than that. Neither, i have any business association with any project. I blog because, i wish to assist you in taking a knowledgeable decision. Whatever decision you take, in whichever project you book, book with a clear understanding about what you can get and what you cannot expect.

When i am marketing a project, i see that my clients should not regret their decision. When i blog, i expect the same. You should be happy about your decision.

If you like my blog, please, subscribe to RSS or email. If you are interested in all my blogs, please, visit and subscribe to Ravi Karandeekar's Pune Real Estate Blog Group. You can call me on my mobile. Like RSS, email and membership of the group first 15 minutes talking on mobile is free!

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Public Disclosure Act: sir, good news for you!

2008-01-15T17:54:00.000+05:30

The Public Disclosure Act (PDA), will be implemented in all the municipal bodies (of course, including Pune Municipal Corporation and Pimpri Chinchwad Municipal Corporation)of Maharashtra within a month.

Yes, within 1 month! Because, implementation of PDA is mandatory for seeking funds under Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

Once PDA is implemented, the municipal bodies will have to disclose annual performance statements, duties and functions.

Which means - to get information from PCMC / PMC pertaining to (Road!) contracts and building permissions (sanctioning of plans, completion certificate, and all!) you do not have to take the trouble of filing an Right To Information (RTI) Act application or some other method!

Sir, you know what i mean. Good news! Isn't it?
-The Times of India

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Everybody on the waiting list of Paranjape Schemes' Blue Ridge township at Hinjewadi in Pune, can get a flat immediately!

2007-11-22T08:31:00.000+05:30

The urban development ministry of the Central Government of India has asked state governments to permit a higher population density for housing projects. The move is aimed at bringing down property prices by allowing the creation of more housing units on every acre of land.

In toady's Economic Times, Rajat Guha & Mayur Shekhar report that this is part of a series of initiatives that the urban development ministry has taken up for addressing the issue of affordable urban housing. For instance, the ministry has also asked state governments to allow more floor area ratio(FAR)) to the developers and relax height restrictions.

If you remember, in Paranjape Schemes' advertorial, published on the day of launch (October 27, '07), Shrikant Paranjpe had talked about FSI. He has said the government allows point 5 FSI for on agricultural zone land and 1 FSI on residential lands.

True, Shrikant Paranjape hasn't said whether Blue Ridge is in the residential or agriculture zone. But whatever it is, if the state government permits higher population density, allows more FSI and relax height restrictions, for sure, Blue Ridge can have more floors means more flats. Add 8 more floors and make it 33 stories. There are 4 flats per floor (two flats of 3 and 2 bhk each in tower 2), so you get 32 more flats in one tower. There are 12 towers in the phase one. It means, roughly, everybody who is on the waiting list can get his flat immediately!

Of course, i know that the proposal is in a very preliminary stage and it will take ages to finalize but i can not stop dreaming! Particularly, when on the other side of the road at Balewadi, in a project of only 3 nine story buildings 'Kool Homes', salesman says booking rate is 3,700 Rs. per sq. ft.!

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Please, share your experience of online property listing service like indiaproperties.com

2007-11-03T20:22:00.000+05:30

Finding any property for rent or worse sale, is a virtual time-consuming and risky nightmare for any one. A fairly recent, fast and reliable alternative is going through a credible online property listing service like Indiaproperties.com, finds out Shonali Misra.

Shonali has written an article "Clicking on the perfect property" on Deccan Herald.

Recently, Anupam Mittal's 'People Group' has launched real estate portal 'Makaan.com'. Which is getting close to 3 lac unique property seekers per month. But nearly 46 percent of registered users are real estate agents!

sold-sign-739635, originally uploaded by jogludee.

Of course, real estate agents or brokers and real estate developers or builders can't afford to ignore any online property listing service. Obviously, they are going to be there in big numbers.

I am interesting in knowing your experience of using these services. For example, i am very much curious to know how do you find virtual tours on my old friend's website SurajPropfair! Please, share your experience in the comments. Your views, reviews and tips will be useful to all. And more people can take the advantage of these excellent on line services.

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Waiting list of Paranjape Schemes' Blue Ridge Township at Hinjewadi, Pune closed after 400 bookings

2007-10-31T10:03:00.001+05:30

, originally uploaded by karolina j'.

Somebody told me about it, so i called and confirmed at Paranjape Schemes' office. He said yes, in a day and half around 400 people put their names on the waiting list so now we have stopped taking anymore names. Obviously, my next question was 'when will 2nd phase open?'. No, i did not ask this question because from the day first phase is launched, i have heard people asking this question and the standard answer is 'after 6/8 months.'

What i admire about Paranjape Schemes' is their staff. Every body is well informed and open. So, you always feel free to call and ask.

One more thing, complete website of Blue Ridge is now indexed so you can search and log on anytime. It's good website. I liked it. On my "real estate marketing blog" i am going to blog it.

Share Your Views and Opinion:

On my "Pune Real Estate Market News" blog i have shared the general reaction of Pune to the grand response you all gave to 'Paranjape Schemes' Blue Ridge.'

But i am very curious to know your views about the projects in our part of the city: Aundh annex, Baner, Balewadi and Pashan. Somehow, i feel, bookings at the Blue Ridge reflects the negative opinion about these projects. Like they say in the Elections, negative vote against the ruling party!

Please, share your views and opinion in the comments.

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Ravi Karandeekar's Pune Real Estate Blog

What's happening at Vilas Javdekar and Associates' Palash 2 and Palash 2i at Wakad near Hinjewadi, Pune?

No EMI till possession if you give Advance Loan Disbursement (ADF)!

Builders gimmicks to avoid price reduction!

RBI and Finance Ministry joins builders to tempt the property buyers!

How Palash at Wakad is utilizing your ADF?

Palash 2.0 - G and H wings:

January 2009:

F,G,H work in full swing:

H wing level 7 complete:

D and H wing:

F and G wing:

G wing:

H wing:

February 2009:

G wing:

H wing:

H wing from D wing:

H wing from podium:

March 2009:

11th Slab G wing:

10th Slab H wing:

Palash 2i:

January 2009:

Level 5 complete:

Close up:

Site office and Palash 2i:

February 2009:

From podium:

Site office and Palash 2i:

March 2009:

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Can a real estate investor offer "Rent Today Own Tomorrow" scheme to sell his flat or a row house and retire from depreciating Pune property market?

Even one can insist on renting the property only if it comes with the buy tomorrow option!

Dealing with global economic uncertainty and recession:

What about the property rate?

What is your take on renting today to own tomorrow solution?

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Proactive Mont Vert once again devices plan to deal with uncertain times – launches innovative program for home-buyers

Press Release:

Rent Today Own Tomorrow:

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Is it too good to be true?

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Rent Today Own Tomorrow - convert your rent into down payment - revolutionary offer from Mont Vert

Perfect housing solution in recessionary times when job insecurity is a major concern for all of us!

How does it work?

What if you don't want to purchase your rented flat?

Rent paid is no more lost forever!

Better than marrying landlord's daughter!

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Amit Enterprises' Astonia at Balewadi- 2 bhk flat of 685 sq.ft. carpet area in 25 lakh - is this your dream home?

Can you get more than this at the property rate of Rs. 2,300 per sq.ft.?

Layout Plan: with open parking for your Nano!

Perfect location:

Are you getting value for your money?

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Did you visit Paranjape Schemes' Forest Trails Bungalow Township at Bhugaon?

Middle class dream!

What is your take on "Forest Trails"?

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Related Story:

Celebrate Republic Day - 26th Jan! Select your new home - ready 3bhk flat - in Aditya's Breeze Park at Baner-Balewadi - Call 9860799299

More than 10 ready possession flats available:

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Ekta Worldville, Hinjewadi phase 1 - the ultimate refuge for those IT professionals who are feeling sleepy because of over eating lunch

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Paranjape Schemes' Crystal Garden on Baner-Pashan Link Road and the beginning of a new world, Blue Ridge at Hinjewadi!