It was Rs. 2,750 per sq.ft.:Now we all know, privileged few, i mean few thousands, residents of Magarpatta City and share holders of Nanded had already booked their flats at Rs. 2,750 per sq.ft., before the official launch of Nanded City on June 1, 2008.
From toady morning, at Nanded City site office bookings opened for all at the expected rate of Rs. 3,250 per sq.ft. But 'terms of bookings'? Completely unexpected! Today while booking, you have to fill an application form and give a cheque of 1 lakh rupees. Finalization of the flat will be done in December 2008. Possession is in 2012. And there is a lock in period of 3 years!
Absurd reality theatre:DSK Vishwa's event of Meghmalhar was a Shakespearean tragedy, which i attended yesterday. Today, it was absolutely absurd 'realty' drama at Nanded City.
From 7 - 7.30 in the morning people stared coming in. By 9 a.m. people, on their own, formed a proper queue inside the temporary site office which had nothing but white cloth on all walls. Somehow, news has spread about the booking rate of Rs. 3,250.
Sales executives arrived around 11 a.m. Before sales persons could arrange the brochures and booking forms on their tables, people not only got around the tables but few tried to grab the forms too. After disciplining the crowd, filling of forms and writing cheques went on smoothly till the end of the day.
Goodwill and Respect:You know, at Nanded City work has not yet started. There are no floor plans, obviously no sample flat. There was no ad in any news paper declaring 'bookings open'. Sales executives were not at all pressurizing, hard selling or even giving any kind of a sales talk.
Actually, they were acting like 'volunteers' of some social organization. Giving away the brochures and repeating info about the flats. 1 bhk approx. 550 sq.ft. ( 18-19 Lakhs), 2 bhk approx. 1100 sq.ft. (35-36 Lakhs), 3 bhk approx. 1400 (45-46 Lakhs) and bookings of the bigger flats will be opened after, may be, few months and all.
Farmers of 'Nanded village' who had come to the site office were enjoying this realty show like anything. After all, they have invited Satish Magar of Magarpatta City to develop their village into '700 acre mega township Nanded City'!
1) Is Nanded City, Pune all about real estate development?
2) Magarpatta's Nanded City on Sinhagad road in Pune - an exclusive slide show gives complete idea about 700 acre mega township
3) Launching of Nanded City, Pune - A farewell to India!
real estate Indian real estate Pune News Pune real estate Pune real estate news Pune real estate market Pune real estate market news Pune real estate market news blog Magarpatta City Nanded City - Pune Magarpatta\'s Nanded City on Sinhagad road, Pune 1 bhk flats in Pune 2 bhk flats in Pune 3 bhk flats in Pune