Monday, November 16, 2009

Property rates and budgets of 2 bhk flats in Pune real estate market

What do you do when you realize that the builder is trying to hide from you exactly how much space you are going to get?

1) Amanora Park Town - Trendy Homes - Tower 30 -35:

653 Carpet: Rs. 29,40,400 total cost up to 4th floor with an External View:

Including: Car parking + Maintenance Payable at Once + Infrastructure Charges for 1 year
Excluding: Stamp Duty, Registration Charges and Electrical Charges Rs. 80,000

2) Amanora Park Town - Tower 1 - 10:

1,006 Carpet: Rs. 60,42,340 total cost up to 4th floor:

Including: Car parking + Electrical Charges + Stamp Duty + Maintenance Payable at Once + Infrastructure charges for 1 year

Including: wardrobe + bed + television + refrigerator + air conditioner + washing machine + computer + kitchen system with chimney + water purifier + geysers in all bathrooms + light and fan fittings in all rooms

www.amanora.com

3) Megapolis Hinjewadi Phase 3:

Carpet area not published: Rs. 40,86,000 total charges for 1st to 11th floors in D building
Including: Infrastructure charges + other charges + Stamp Duty + Registration charges

www.megapolis.co.in

Kumar Properties' Projects:


Carpet area not published: total cost including: MSEB + other charges + Stamp Duty + Registration charges + Legal charges + Club charges

www.kumarworld.com

4) Kumar Palms, Kondhwa: Rs. 34,02,050 - 34,61,900

5) Kumar Palmgrove, Kondhwa: Rs. 35,51,350 - 37,30,350

6) Kumar Gulmohar, Salunkhe Vihar: Rs. 53,83,250

7) Kumar Prithvi, Market Yard Annex: Rs. 37,99,450 - 39,20,700

8) Kumar Periwinkle, Chandan Nagar: Rs. 33,42,550 - 34,94,800

9) Kumar Princetown, Undri: Rs. 45,99,000 - 47,77,000

10) Kumar Papillon, Susroad: Rs. 36,37,600 - 37,00,600

11) Park Infinia, Fursungi: Rs. 28,63,000

12) Kumar Picaso, Hadapsar: Rs. 44,11,800

13) Karishma, Karve Road: Rs. 88,22,100 - 88,61,500

Belvalkar Housing:

14) Solacia, Wagholi: F Type:
685 Carpet (approx) + Terrace: Rs. 20,26,850
Including: MSEB + Formation charges + Stamp duty + Registration + Legal charges
Extra: Open Parking (optional) + Club House charges (optional) + Advance maintenance for 2 years

15) Solacia, Wagholi: D Type:
Carpet area not published: Rs. 26,22,380
Including: MSEB + Formation charges + Club House charges + Stamp duty + Registration + Legal charges
Extra: Open Parking (optional) + Advance maintenance for 2 years

www.visitsolacia.com

16) Chaitrangan Phase 2, Bibvewadi - Katraj Road:
604 Carpet + Terrace: Rs. 26,80,908
including: MSEB + Maintenance Deposit Open Parking + Stamp duty + Registration charges + Legal charges

www.belvalkarhousing.com

17) Savannah, Wagholi: I & K wing:
Carpet 640 (approx) + Terrace: Rs. 19,86,600
Including: Infrastructure charges + MSEB + Stamp duty + Registration charges + Maintenance charges for 1 year


www.savannah-pune.com

B U Bhandari Landmarks:

18) Unity Park, Kondhwa:
Carpet 770 (approx): Rs. 27,13,950
Including:MSEB + Legal charges + Society formation + Other charges + Stamp duty + Registration charges
Extra: Maintenance at the time of possession

19) Ekta Residency, Kondhwa:
Carpet area not published: Rs. 21,75,380

20) Kaasp Countyy, Wakad:
Carpet area not published: Rs. 27,22,000

www.bubhandarilandmarks.com

Saarrthi Group:


21) Saarrthi Shilp, Kothrud:
659 Carpet + Terrace: Rs. 42,70,429
Including: Parking + MSEB + Legal charges + Society formation + Stamp duty + Registration charges + Maintenance charges for 2 years

22) Saarrthi Satin Hills, Bavdhan:
Carpet area 665 - 754 + Terrace: Rs. 34,13,842 - 39,90,376
Including: Covered car park + MSEB + Legal charges + Society formation + Stamp duty + Registration charges + Club development charges + Maintenance charges for 2 years

www.saarrthigroup.com

Atul Enterprises:

23) Alcove, Pimple Saudagar, Aundh annex: Phase 2: Building B
Carpet area not published: Rs. 34,26,592 - 35,41,100
Including: Car parking + MSEB + Society formation + Stamp duty + Legal charges + Maintenance for 2 years

www.atulenterprises.com (Under construction!)

Om Developers:

24) The Island, Wakad Pune:
Carpet area not published: Rs. 35,95,990 - 39,63,623
Including: Covered car parking + Club + Legal charges + MSEB + Society charges + Stamp duty + Registration charges + 3 years advance maintenance

25) Vista Residency, Baner:
Carpet area not published: Rs. 32,59,585 - 33,53,980
Including: Parking + MSEB + Society + Stamp duty + Registration charges

26) Angel Hills, Phase 2, Talegaon:

1) Garden flat: 546 Carpet + Garden: Rs. 16,49,304 - 17,43,678

2) 609.63 Carpet : Rs. 15,58,782
Including: Covered car park + MSEB + Society + Legal + Stamp duty + Registration
Extra: Advance Maintenance charges for 2 years

www.omdevelopers.com

Manav Promoters:

27) Silver Skyscapes, Wakad Pune: C Building - Odd floors - August 2010:
Carpet are not published: Rs. 33,00,600

Silver Skyscapes, Wakad, B building - Odd floors - July 2011:
Carpet area not published: Rs. 33,16,000 - 33,32,800

Silver Skyscapes, Wakad, B building - Even floors - July 2011:
Carpet area not published: Rs. 32,48,800 - 34,19,600
Including: Infrastructure & development + MSEB + Legal charges
Extra: Stamp duty, Registration, Maintenance charges + Rs. 25 per floor, Floor Rise above 5th

www.manavpromoters.com

Sonigara Homes:


28) Sonigara Kesar, Phase 2, Wakad Pune:
Carpet area not published: Rs. 37,17,210 - 37,20,160
Including: MSEB + Other charges + Stamp duty + Registration charges + Handling charges
Extra: Advance maintenance Rs.75 per sq.ft. at the time of possession

29) Sonigara Aangan, Ravet:
Carpet area not published: Rs. 25,46,400 - 26,55,050
Including:Stamp duty + Registration + Other charges + Parking
Extra: Advance maintenance at the time of possession Rs. 10 per sq.ft.

www.sonigarahomes.com

Pride Purple Group:

30) Topaz Park in Park Street, Wakad Pune:
Non Garden - Carpet area not published: Rs. 36,92,166

Garden Facing - Carpet area not published: Rs. 38,57,856
Including: Infrastructure charges + Stamp duty + Registration + Legal charges + Advance maintenance for 2 years

www.parkstreetpune.com

Park Royale, Rahatani:

Non-Garden Facing- Up to 3rd Floor - Carpet area 856 + Terrace + Dry balcony: Rs. 41,76,028

Garden Facing- Up to 3rd Floor - Carpet area 856 + Terrace + Dry balcony: Rs 43,62,728
Including: Infrastructure charges + Stamp duty + Registration + Advance maintenance for 2 years

www.pridepurplegroup.com

Park Xpress, Balewadi:

Garden Facing - 662 Carpet area + Terrace + Dry balcony: Rs. 37,39,980
Including: Other charges + Stamp duty + Registration charges + Advance maintenance for 2 years

www.parkxpress.com

Cut the crap! Tell me the carpet area of my flat:


What do you do when you find out that the builder has increased the saleable area by increasing the loading from 25 % to 35 % ?

What do you do when you find out that instead of 50% the builder has charged 100 % for terrace?

What do you do when you find out that the builder has removed the carpet area of the flat from the brochure and from the website?

What do you do when you realize that the builder is trying to hide from you exactly how much space you are going to get?

Do you say, "Mr. Builder, Cut the crap! Tell me the carpet area of my flat."

When once i asked for the carpet area, you know what answer i got?

"Do you want to know the carpet area form "brick to brick" or from "plaster to plaster"?"

What is your experience?

Do you still calculate the property rates on the saleable area or have you started considering Property Rate = All Inclusive Total Cost / Carpet Area ? Please, share your views in the comments. Comments Policy

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Monday, November 16, 2009
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Monday, November 9, 2009
October 2009 - Top 10 popular blogs on Ravi Karandeekar's Pune Real Estate Market News Blog

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16 comments:

  1. OMG, the builders are really making tons and tons of money!

    60L-80L for a 2-bhk flat is just too much ...

    ReplyDelete
  2. Hi Ravi,

    Thanks for your update very informative.
    Please do also let us know the 1 bhk (budget homes)rates also in various parts of the city, it would really help most of your readers who are looking for budget and small homes.

    ReplyDelete
  3. # Ref: "1 bhk (budget homes)rates also in various parts of the city"

    Yes, sure. Thanks for the comment!

    ReplyDelete
  4. Hi Ravi, Can you give some insights on Elpro- Metropolitan chinchwad, What is their carpet area and what do u feel about the project and the mall.

    ReplyDelete
  5. # Ref: "Elpro- Metropolitan chinchwad,"
    Yes, sure! Please, give me some time. I need couple of days to finish some posts for which i have already done legwork and research.

    ReplyDelete
  6. # Ref: "1 bhk (budget homes)rates also in various parts of the city"

    Are there 1/2 Bhk flats say around 3-4 lakhs in Aundh Annexe?

    ReplyDelete
  7. Please let me know
    Quality of construction for Aditya garden city is good or not?

    ReplyDelete
  8. Hello Ravi,

    What are your views on Elpro-Metropolitan project which is located at Chinchwad. For 2nd phase they are asking for 42.5L for 1125sqft garden facing flat. Is it really worth for?? I think the construction work on the Elpro Mall is also halted which they heavily use while marketing Metropolitan. Please share something about the area as well.

    Thanks in advance.

    ReplyDelete
  9. Dear Friends,

    Can anyone suggest some good ongoing projects (residential apartments - 1/2 bhk) at Bavdhan / Pashan in Pune?

    Thanks in advance,

    ReplyDelete
  10. why so much delay in pocession for elpro-metropolitian project ? they promised to give first phase by Dec-09.

    ReplyDelete
  11. Do not buy at elpro metropolitan. The builder is not co-operating with the current customers.
    Better stay away from this project, huge disappointmnt for current customers......delay in project, no modification in flat...changed the parking layout..no guaranty of amenities.
    Plz stay away from this project

    ReplyDelete
  12. Do not buy flat at elpro. he has financial crisis. Phase 1 supposed to be completed by Dec-09. No elevators yet. Might give one but not both. Flats would be completed one by one instead of the entire building. Lot of work yet to be done. No cooperation from the builder...at all.

    No plan for ameneties yet.... mall seems will never come. Reliance has cancelled the agreement for the upcoming mall...

    Stay away specially from Ranjeet Salunke.

    I did the mistake by booking one.. Share this thoughts before booking...

    They will complete the slabs and ask for 85% payment within one year and keep the project pending for the nect one year . They did this for phase I.

    Check this....

    Dont also expect any feedbacks from Ravi Karandeekar. He is buzy promoting his friends projects.. he has never written anything on this project dont know why ????

    http://elporestates.blogspot.com/2008/02/elpro-estates-metropolitian.html

    ReplyDelete
  13. Metropolitan, Chinchwad- The Inside Story

    Don not buy flat at Metropolitan Chinchwad
    Here is the story of what they did to Phase I. Elro (Agarwal)and Cushman Weikfield (Ranjeet) started advertising the project in 2006-07. People actually started booking flats in 2007-08. In 2007-08 people were told that possession will be given latest by Dec-09. Infact people were told that the internal target given to contractors is Sep-09 and 3 months is the buffer. I also recall one of the comments made that the existing customers might celebrate their 2009 Diwali in their homes (As of now existing customer (Or rather I would say, OWNERS) dont even know when the project will be complete and whether they can spend their 2010 diwali in their homes)

    They started plints, and putting slabs very fast. Some slabs were complete in 20 days (Hard to believe) but there was a reason for that almost 85% of the payment becomes dues on completion of slabs and 98% on completion of brick work, For phase I, 12 slabs were completed somewhere in Sep-09 and brick work somewhere in end 2009 or early 2010. Now the job was done, they are not interested in the remaining 2 % so they dont care about completing the project. They started bookings for Phase II one building in Dessara -09 and as of Aug-10 (After 1 year they have just completed 1 Floor) That means these people have to suffer for another 2- 2.5 years to get the project. The project layout was changed. In the original plan of 2 buildings they have one more building where the club house was planned. (so the plan can change at any point of time. They can erect one more building in the centre of the project also)

    For existing customers, who are asking for possession, they are told that if they are not happy with the progress (Which is overdue for 2 months as of August) they can cancel the flat with a penalty of 25%.

    Add to that I heard now they have started asking interest @ 24% from existing customers for any amount of delay in payments. So if u apply for a loan and there is a delay according to the agreement, be prepared to pay interest @24% p.a.

    Elpro Mall and Amenities:
    Also forget about the amenities, now people are worried about the stand alone building and parking only not even the fence and entrance gate as he is not even started working on this.

    I heard Reliance has cancelled the contract for the reliance mall and elro does not have funds to complete the mall for their so called MULTIPLEX. They have a financial crisis since they have taken loan even for the existing project and before starting any building they have to take a NOC for that.

    One more thing they have deleted their existing blog ask them why they did so ??

    If u are planning to buy a flat there ask them about the truth of the contents above. or if u need any specifc details post in ur questions here. I will try to answer them.

    ReplyDelete
  14. The builder is fraud. The entire floor constructed by him in Warje-Hill View Residency is illegal as per PMC and he did not issue completion certificate for the same. we will have to pay 3 times the property tax and also to make it legal, need to pay 5% of total cost of the flat to PMC as per current rate. Refer to below link which are pending since 3 yrs.

    https://sites.google.com/site/atulenterpriseshillviewres/

    Builder Atul Enterprises, Parvati Chambers, Sangam Press Road,16/1, Kothrud, Pune-411038
    does not have Completion Certificate for 5th floor Hill View Residency D wing.

    We are following with builders for almost 3yrs for Property tax. The reason he gave to us now is delaying due census which is contradicted by PMC officials. As per Property Tax department in PMC, they need Completion Certificate to provide Property Tax. The property tax for the flats not having completion certificate is 3 times the current rate and also the 2% penalty per month for delaying the payment.

    I queried Building Controller department in PMC and asked whether the builder have approached for the sanction of updated building plan. She said the above builder did not approach me yet for 5th floor and the building has only partial completion.

    The plan Upper level parking + 5 floors which he submitted to the bank is not at all approved by the PMC officials. The approved plan as per PMC officials is Upper level parking + 4 floors only for which tenants from Flat No 1 to 17 got the partial completion certificate from PMC. It is clearly mentioned in the completion certificate that if any other construction is made other than approved plan, it would be demolished without notice.

    For this, the builder and bank would be wholly responsible for granting homeloan for unauthorized flats and builder for creating and selling unauthorized flats.

    How the bank issues Home Loans to these kind of builders without Completion certificate?

    If these kind of incidents happen with 2-3 customers of the same bank, why don't you blacklist them?

    I filed RTI for the same as well as Property Tax ( breakup of actual tax + Penalty ) and will get docs soon in written from PMC.

    After that picture would be more clear.

    Flat owners pay for builders’ blunder PMC charges 9,000 property owners double tax for building without permission
    http://www.punemirror.in/printarticle.aspx?page=comments&action=translate&sectid=2&contentid=201104132011041306440938293ed147&subsite=

    Getting Occupation Certificate (OC) a builder’s duty
    http://taxguru.in/general-info/getting-occupation-certificate-oc-a-builders-duty.html

    Now, flat owners can get completion certificates directly
    http://articles.timesofindia.indiatimes.com/2010-12-19/pune/28246645_1_flat-owners-building-permission-certificate

    ReplyDelete
  15. Ravi Sir,

    I have been searching 2 BHK(new or resale 2 to 5 years old only) near to hinjewadi area(around 17 KM diameter to hinjewadi).

    Please suggest.

    Regards,
    Jignesh Kyada

    ReplyDelete
    Replies
    1. Dear Jignesh,
      For resale - please, visit classified ads on the web & TOI, Sakal and for new - visit this blog - Current Property Prices & Availability in Pune

      Delete