Friday, June 6, 2008

After Megapolis at Hinjewadi, Kumar Properties launches Park Infinia, garden township of 1008 flats at Fursungi in Pune, at Rs.2,500 per sq.ft.

The exclamation points are back!!!

Hurrah!!!

1) 2 bhk flat - 1100 sq.ft. - Rs. 31.43 Lakh!!

2) 3bhk flat - 1570 / 1585 sq.ft. - Rs. 43.60 to 44 Lakh

Prices are all inclusive and on the website!!!

Special introductory offer..Hurry!!!!


Park Infinia is located in Phursungi (off Pune-Solapur Highway), close to the SP Infocity (IT SEZ) – the IT hub that’s home to many tier-one software companies.

It is spread across lush green 41 acres that renders adjectives like unique, exclusive, premium meaningless.

It brings the romance of Venice, the peace of Zen gardens, the plush style of Beverly Hills…all within your reach.

One of the flagship projects by Kumar Properties, Park Infinia is centered on bringing the best of living experience within an affordable budget.

Focused on Nature, the project has breathtaking landscaping and beautiful gardens that will be veritable oxygen tanks for the residents.

The unique gated community will have natural environments, world-class amenities, aesthetically planned apartments, lush landscapes, parks and streetscapes merging seamlessly.

Distinctly ahead of other projects, Park Infinia is advantageously located in close proximity to Pune’s fast growing areas like Hadapsar, Mundhwa, Kharadi, Wanowrie and Undri.

No wonder, life assumes more meaning at Park Infinia.

Call Now!!!

1)91 020 3052 8888
2)91 020 3234 1101/02/03/04

3) SMS - KP - send to -54646 (yes, they call back!!!)

4) Website - www.parkinfinia.co.in

44 comments:

  1. Hey Ravi! Sandy here! Hope you are fine and doing well.

    This one looks pretty. Park Infinia. How do you compare this one with Nanded City?

    Do mention you comments.

    Regards,
    Sandy

    ReplyDelete
  2. @sandy! Thanks, i am fine. I would have liked if Nanded City would have opened booking at this rate. Frankly, hats off to Kumar Properties! You need guts to take such a sensible step. I haven't been to the site. But even if it is in 'the jungle', i do not mind booking at this rate because it is around 40 acres! I think by declaring this introductory rate Kumar Properties has proved that if there is a will, "good builder" can reduce the rate. Now, many builders will get courage to launch new projects at lesser rates.

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  3. Hi Ravi,

    Today I visited the site, checked the sample flats and brought the brochures.

    The initial booking amount is Rs 50k. Initially they are providing the booking for buildings located in north direction(the inner most part of the project). Three buildings have already been booked with only few flats remaining (as told by the site representative). These are A8, A9 and A10. This has happened only in 2-3 days after the launch. Now there are 3 more building for which booking is open currently. They are A11, A14 & A15.

    As you mentioned, it is indeed a bold step to provide the booking rate of 2500, but I think once you should take a look at the site location. Well it’s not in the Jungle, its just 2kms from Hadapsar Gadital. BUT, frankly speaking I didn't like the vicinity around the Project. Kumar's Park Infinia is like a Lotus in a pool of mud. The road leading to this site is also not developed properly. And after seeing the location I hardly believe that the surroundings will develop in couple of years as one would expect them to be.

    Well that’s my view. May be m more pessimistic about this project's surroundings. May be m right. May be m wrong. I don't know. Only time will tell. But I sincerely request you to visit this site. May be tomorrow, if you have time and then enrich everyone's knowledge with your brilliant comments and suggestions.

    One thing I must say. This place is just 12 kms from Pune railway station. And just 2kms from Gadital. I didn't find it too far.

    Please reply back as soon as you get time and stuff to write.

    Thanks for all your knowledge sharing till date (and also for the future).

    Take care sir.

    Regards,
    Sandy

    ReplyDelete
  4. Ravi,
    Does this mean that prices re coming down?
    I think this price tag is still on the higher side. I would be glad to see 1700/- p.s.ft.
    You will see this in a couple of years. Tell me how many flats are booked in Mega Polis, Blue Ridge, Nanded City till date? Schemes in the prime city area are not 100% sold.

    ReplyDelete
  5. Does this mean that prices re coming down? No! New projects are priced reasonably. I would be glad to see 1700/- p.s.ft. I would be glad to pay Rs. 5.50 for 1 litter of petrol.

    ReplyDelete
  6. @sandy! Thanks! Kumar's Park Infinia is like a Lotus in a pool of mud. Brilliant and perfect!! That's the dilemma! Not only for the flat buyers but even for the builder. Good! It may have prompted him to price reasonably! Yes, i visited the site and writing a post today. Next time i would like to visit the site with you. It would be an enriching experience for me.

    ReplyDelete
  7. Does this mean that prices re coming down? No! New projects are priced reasonably.
    >>>You almost agree that the other projects that you advertised in the past are not priced reasonably, thanks, and byt the way, price of petrol was above 40 per liter when the mrket was at 800/- p.s.ft. You just can't relate everything to petrol price.

    ReplyDelete
  8. Dear Anonymous, You almost agree that the other projects that you advertised in the past are not priced reasonably, 1) "you advertise" ! sorry, here, on this blog, i do not advertise. I give information about Pune real estate market. Of course, it is not 'pure information'. I add little bit of my opinion, my perspective. But i do not advertise. I say this not because i am against advertising. In fact, real estate advertising was my specialization for more than 10 years. My ad agency was the leading Pune real estate ad agency. I used to enjoy it like anything and even today i am proud about it. But i am no more in advertising. I do not mind advertising a real estate project on the blog. But i will not hide, i will do it openly if i am promoting any project for the fee. At this point of time, i am not advertising, promoting any project. I am sure, you are aware about this. When you say "you advertise", i am sure, you are not including me in it. Right? Good! 2) not priced reasonably, Nobody claims that real estate is priced reasonably! Everybody, including builders, agree that prices have 'appreciated'. When a project is launched every builder relates his rate to the ongoing rate in his location, we all know. Plus he adds for his specifications and for his brand value. Result is major portion of the buyers do not afford it. I was on site real estate salesman before i stared this blog. While attaining the customers, I have experienced the pain, anger and frustration of the buyers. At the same time, i know those who have already booked are very happy about the price rise because it is an appreciation of their property. 3) Builders hike the Real estate price is half truth. 50% credit goes to Real estate buyers, i am sure, you know this well. One has to pay higher rate then and then rate can increase. Commonsense. Isn't it? Point is, if real estate buyers stop paying more then prices will come down. Please, do not consider it as a 'defeat of an evil power'. It's business. Am i taking side of a builder? No. I am putting a different perspective. Which, i hope, will reduce some anxiety. Less anxious, less angry person can take a better buying decision. Though, i am not advertising, promoting or selling real estate on this blog, you know, i am trying to assist you in making up your mind about buying real estate. 4)You just can't relate everything to petrol price. Yes, you are right, but who was? I can do wishful thinking. Can't I? I want me to become glad too.

    ReplyDelete
  9. Thanks Ravi. The price tag seems quite attractive compared to other town-ships such as BR, MP, Nanded Cty. I want to book only from investment perspective and I am ready to hold for next 7 years. What is your guess on the pricing of this property by 2015? Do you think, it will be double to 5000 p.s.ft. I feel, if the market rises at this rate, it will surely touch 5K but in the present global scenario, it is les likely. What are your views?
    Secondly, I am also worried on the second aspect which is gaining fast liquidity from realty investment. As there are ample options available, I wonder who will come forward to buy my 7 year old flat at a price tag of 5K in 2015? What you say.

    ReplyDelete
  10. double to 5000 p.s.ft. double in 7 years is possible considering F.D. in Bank doubles. who will come forward to buy my 7 year old flat at a price tag of 5K in 2015? if you visit the PMT bus stop at Hadapsar Gadital, you will find every bus going to Saswad (ticket 12 -14 rupees) is over full in no time. I was shocked to see it. Private jeeps charge 25 rupees for Jejuri. Both towns are just above the Ghats. Fursungi would be a prime residential area in the heart of the town, Hadapsar. Real estate iss all about location, location and location! Isn't it? Pune ring road is going to change the perspective about prime location and close proximity.

    ReplyDelete
  11. Thanks Ravi. I ws not aware of this big change, we are transforming rapidly.
    Comparing Magar Patta, Mega Polis, Park Infinia and Blue Ridge; who would be a better deal in terms of price, possession, location and most importantly quality of construction, quality of service and value to end users? I know you are more experienced in the real estate market and might know a bit more than an ordinary person knows about this investment.

    ReplyDelete
  12. Comparing Magar Patta, Mega Polis, Park Infinia and Blue Ridge; who would be a better deal Thanks for the complements. We have to compare seriously, I agree with you. But let me first study at least the plans. True, execution is more important and providing infrastructure service is totally new experience for many builders, still on the conceptual level we have to compare to find out suitable project for our needs. Give me some time to study. Otherwise what i say would be a casual remark, reflecting my prejudices. For example, i can say only 'great!' to Nanded City Pune because 1) Architect of the project, Prakash Deshmukh of Space Designers, was my mentor when i was in real estate advertising plus 2) an Indian Architect 3) Indian funding and 4) Indian ownership of the project, (not foreign architect or funding from hedge funds like other projects) appeals to my nationalistic sentiments! These things are important, on emotional as well as on practical level, but we have to learn to think 'global'. We are not U.S.A.! Isn't it?

    ReplyDelete
  13. brillient...I will wait for your review. just keep 'return on investment' factor in mind while you compare, because I believe price appreciation is the key in real estate.
    take your time, i will listen without prejudice :)
    and thanks for all your inputs and help to readers who are faar away.

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  14. price appreciation is the key in real estate Yes. Sure. You are welcome. Thanks!

    ReplyDelete
  15. Ravi,
    Are you done with yor home-work on comparison..!! I am keen to see your review.

    ReplyDelete
  16. I'm debating selling off a plot in Hingewadi that I bought 4 years ago in Phase2 and trading for a flat in megapolis vs nanded city? I would like to hear thoughts from the veteran real estate blogger of Pune

    ReplyDelete
  17. Plot = Flat Thanks for the complements. But i can not say much about this. Looks like you do not have any option. Or you can not see any point in keeping your plot. Or you liked the idea of investing in the flat in mega township. Whatever the reason. I think you should consider one point. These townships are going to take 7 to 11 years to develop completely. If you invest now, value of the investment will change. But only on the paper. In reality, worth of your investment will revert back to what was 4 years ago.

    ReplyDelete
  18. Ravi, any updates on the comparison??? it's been quite a while, i am keen to read updates from you...!!!

    ReplyDelete
  19. My current experience has been that the Builders are not reducing the prices directly but they are including Refrigerators, microwaves, washing machines etc. Basically indirect reduction in price.
    So my question would be should I wait for some more time say 6 months to buy 1 row house and 1 - 2BHK flat.

    Ashish

    ReplyDelete
  20. Ravi,

    I am waiting to see your comments on Park Infinia after your visit to this site.. Will it be a good investment decision? I have been following ur blogs from abroad for past few yrs..Thanks for the wonderful blogs.

    Chandranshu

    ReplyDelete
  21. i visited park infinia today- it looks great and i feel it will have good value like magarpatta city developed rapidly..may be magarpatta was good location comparatively ...but park infinia looks good. Rates i heard today was 2350 per sq feet. Its disappointing that rates from last 2 years are just out of reach. purchasing home is no more easy!! i don't think rates will come down from 2350.

    ReplyDelete
  22. Hi Ravi,

    I visited Park Infinia last week and quite liked the project. Specially the open garden space and more importantly flat designs with attractive rates. But, the only thing I am concerned about is that Phursungi is not yet covered in Pune Municipal Corporation which may lead to serious water problem in future. Builder is telling that it will very soon come into PMC. I would like to hear from you if you have any opinion about phursungi ?

    ReplyDelete
  23. Ref: " But, the only thing I am concerned about is that Phursungi is not yet covered in Pune Municipal Corporation which may lead to serious water problem in future. "

    Why do you think that merger of Phursungi in PMC will assure enough water supply? PMC is a city in which people live and not a big water tank, pond, dam or a river.

    ReplyDelete
  24. Hi Ravi,

    Do you have any ideas about any other project offering a 2BHK in 30 Lacs ? I haven't seen any of those so far.

    I feel Park Infinia is a good option. Need your feedback. I'm little confused whether to book a flat there or not ?

    ReplyDelete
  25. hi,

    i have heard a few negative comments about kumar infinia being too colse to the dumping ground and therefore foul smell reaching the premises. is this true ?

    ReplyDelete
  26. Hi Ravi,

    I have almost booked the flat in Park Infinia, Agreement is not yet completed. Many people said there is hardly a scope of Development there in another 2-3 years...

    I am now worried about the future when I would like to sell the property.

    I would seriously need an advice from you in terms of the Area development in the future. What is the scope ? What return I would get after 4-5 years for Park nfinia ?

    What if you have to take a flat there.. Would you prefer ?

    Bhushan

    ReplyDelete
  27. @Bhushan, At what rate have you booked the flat in Park Infinia and do you know by any chance, what is the current rate?
    Thanks for providing information.

    Sanjay

    ReplyDelete
  28. Sanju,
    Now I am satisfied with this project and currently they are charing 2550/sq feet.
    This is really a nice project and Its very green as well. Lots of space and very good aminities.
    About the location - I would say as if now it is under development and within a year or 2 you would see the different. With 3 year price would surley go above 4000.

    There are lot many projects going to come once the garbage dump gets little settledown which is 5kms away from the project.

    garbage dump processing is going on and things would be fine there.

    Its definatley a good project.

    ReplyDelete
  29. Dear Ravi,

    Found the updates since 2008 about park infinia on your blog.Thanks for such a great guidance for all. I have just visited the project and its really great.Current rate is 2600 p sq ft.After two years of your experience @park infinia what you will suggest about Nanded city & park infinia.Which will be GOOD RETURNS after 8-10 Yrs?

    ReplyDelete
  30. Returns depends upon many things. At this point, its better to think about the sustenance. If projects sustain well - you can get good appreciation. If you are not living and contributing to make the project sustainable - you can only hope and pray!

    ReplyDelete
  31. If you can't afford Kumar Pebble Park on Handewadi road in Hadapsar, then - yes! it's worth buying at this rate in Park Infinia in Fursungi.

    ReplyDelete
  32. Hi Ravi

    In park infinia 2 bhk flat , the carpet area is just 723 sqft(including terrace) whereas the saleable area is 940 sqft. Is this justified or they are fooling around the buyers? It would be gr8 if u provide some inputs here.

    ReplyDelete
  33. why dont you answer to the above question....dont u want middle class poor people to aware and not get cheated by builders...people read ur blogs dude.

    ReplyDelete
  34. Hi Ravi

    Current rates in Park Infinia are 3300 psft. Is it worth to buy property for investment purpose. Few resale unoccupied flats are also available there, are those a better deal.

    Please share your opinion.

    Thanks

    ReplyDelete
  35. I have same question

    Current rates in Park Infinia are 3600 psft. Is it worth to buy property for investment purpose. Few resale unoccupied flats are also available there, are those a better deal.

    Please share your opinion.

    Thanks

    ReplyDelete
  36. Park infinia is a good option considering the Bridge over Gadital and expansion of SP Infocity

    lets wait for Ravi's opinion

    ReplyDelete
  37. Hi All,

    I am planning to buy 2 BHK in Park Infinia at 3550 Rs/Sq.Ft......expected Possesion is after 2 years? Is there any better option than this project in hadapsar area? What will be approximate rate after 2 years?

    Thanks

    ReplyDelete
  38. I recently visited Kumar Park Infinia, Phursungi and interested in buying a flat over there (getting it for approx 42 lacs) but have concerns regarding the Garbage depot and Water problems. Please can anyone provide their opinion whether it is advisable to buy it in phursungi or should i opt for handewadi ?

    ReplyDelete