Saturday, May 16, 2009

Amit Enterprises - ready possession, early possession 2 bhk, 3 bhk flats and special offers, discounts on property rates

Amit's Treasure Park at Sant Nagar, Parvati, off Satara Road:

I have an interesting memory of Amit's Treasure Park.

More than an year ago, in the last week of February 2008, i had spend half a day in most of these 2 and 3 bhk ready possession flats. I was assisting my client, who was in US, to finalize his flat.

Before he went to US, my client had been to Amit's Treasure Park. So, he knew that few 3 bhk flats had a view of Parvati and Talajai Hills. But he took time and on the day, he was ready to book, those flats were not available.

Now, it was my duty to find an equally good option! Over the phone, we discussed each and every flat, it's terrace and the view. A tough job!

14 months ago, property rate of Amit's Treasure Park was Rs. 5,600 per sq.ft. Today it is Rs. 5,800 per sq.ft. At this rate simple 2 bhk flat goes for 66 lakhs!


View Ready possession, possession by December 2009 properties in Pune Real Estate Market in a larger map

Amit's 9 Green Park:

Along with Amit's Treasure Park, in the last 14 months, Amit's 9 Green Park's property rate has also increased by 200 rupees.

Located in the 'up market' locality ( means up on the hill slop!) of Sahakar Nagar 2, 9 Green Park's current property rate is Rs. 5,800 per sq.ft.

At this rate including everything, 2 bhk flat ( carpet area 686 sq.ft.) goes for 63 lakhs and 3 bhk ( carpet area 926 sq ft.) for 83 lakhs. Possession is in October 2009!

Amit's Bloomfield, off Sinhagad Road, at Ambegaon:

Amit has rationalized the property rates of Bloomfield! Now, along with the standard rate of Rs. 4,200 per sq.ft., for the flats with less specifications, there is a special property rate. Rs. 3,600 per sq.ft.!

Ready possession flats at Baner - Balewadi:

Emerald Park has ready possession 3 bhk flat for 38 lakhs. Sapphire Park has ready possession 2 bhk and 3 bhk flats. Amit has reduced the property price of Sapphire Park by 400 rupees. Thanks to new reduced property rates. Now, at Rs.3,200 per sq.ft., minimum budget has come down to only Rs.45 lakhs!

Now, all inclusive price of 2 bhk flat in Amit's Astonia, Amit's third project at Balewadi, is Rs. 26 lakhs.

Thanks Amit for presenting "A Home For Everyone"!

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12 comments:

  1. By painting such unrealistic picture of the Pune Real Estate market, you are going to lose your credibility in the market. Everyone knows that there are no buyers, builders are reducing property rates and you are posting news of increased property rates.

    Very disappointed. It clearly shows that you are one of the people who are builder's agent and not working for your customers and trying to inject fear in the buyer community.

    ReplyDelete
  2. These flats in Sant Nagar Treasure Park are ready possession this means that Amit could not find a buyer for last say 3 years and still they are in fools paradise that they can find a greater fool to sale these overprised useless objects.
    It seems Mr. Amit has to wait with ready possession till next Loksabha Election ;)

    ReplyDelete
  3. Ravi,

    i like the down to earth, and middle class focus aspect of your blog. Good work.

    TIP Guy

    ReplyDelete
  4. Ref: "By painting such unrealistic picture of the Pune Real Estate market, you are going to lose your credibility in the market. "

    - Talking about builder's ad about ready possession - early possession flats in the prime and popular locations of Pune, laying unsold mainly because of the unrealistic property rates, for more than a year is 'painting unrealistic picture'!?

    - However, thanks for the comment!

    ReplyDelete
  5. Few Days back 9 Green park people said Rs.3700/- per Sq Ft.

    ReplyDelete
  6. Perhaps Amit builders think that Puneties are hollywood celebrities & Santnagar lies somewhere on outskirts of California!

    ReplyDelete
  7. I was in Pune in November 08 and I did visit some site in sahkar nagar, or I should say what 'they' call sahkar nagar. I think it was Green park though I do not remember the name.
    They DID mention a rate of 5800 at that time. It was so ridiculous!! The area and access road is really awful. You go through tiny lane and twists and turns for ever till you go to their site. There is Nothing good surrounding this site. The so called VIEWS of parvati etc. are non-existent. Indeed, parvati is a Very long way off from here. Even if you wnted to pick up milk or something, you would need to drive 5-10 mins to come to the main road. The other thing was the guy on site. Had hardly any knowledge of the amenities etc. Could not even pronounce some things properly. The carpet area or layout seemed very small for the 3 bed apartment. I have no idea How Amit and co. expects to get this kind of money in such an obscure place.


    Ravi,

    Your blog has some good info but you seem to be hung up on Kothrud, pashan etc. and all marathi builders. Perhaps they give you more commision. But there are other great places in Pune. E.g NIBM wanowrie etc. are really posh areas, and more suitable to NRIs etc. and people returning from foreign countries. Unless a person was born and raised in sahkar nagar and had emotional ties to it, why would ANyone pay 5800 for a crappy apartment in the middle of nowhere, when you can get posh rowhouses, and spacious 1600-1700 sq ft apartmetns for rates of 3k - 4k per square foot? btw, the views they talk about? They are non-existent!!

    ReplyDelete
  8. # Ref: "Unless a person was born and raised in sahkar nagar and had emotional ties to it, why would ANyone pay 5800 for a crappy apartment in the middle of nowhere, when you can get posh rowhouses, and spacious 1600-1700 sq ft apartmetns for rates of 3k - 4k per square foot? "

    You are absolutely right!

    ReplyDelete
  9. Even though Amit has reduced its Saphhire Park rates it is still an unrealistically high rate for Balewadi, also since the other projects just next to it are charging Rs 600 less than Amit's so called "reduced price". Why would anyone want to buy at this high rate when they can get a much cheaper rate around it?

    ReplyDelete
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