2 bhk flat in 23.5 lakh!
27 flats booked!Because Darode Jog Properties did not launch this project in Pune, you may feel like they are testing the market in the 'real economy' of Kolhapur. Which is less affected than 'IT economy' of Pune or Mumbai real estate market. But I don't think Darode Jog is using Kolhapurkars as gunny pigs. Because the fact is that though Darode Jog has not launched Greenland County in Pune officially, for the last couple of months they were 'soft selling' it in Pune..(!?)
At the site office of Crossover County on Sinhagad road, tentative layout and floor plans of the Nahre project are available for more than a month . Saleable area of 1.5 bhk flat (or 2 bhk as per the ad) is 716 sq.ft. (approx.) Proper 2 bhk is 874 sq.ft. (approx) and fits in the budget of 31 - 32 lakh. Budget of 3 bhk flat, approx 1250 - 1300 sq.ft. is around 43 lakh.
When Mr. Naik told me that he has booked 27 flats at Kolhapur, first thing what came to my mind was, "What would be the property rate when Greenland County will be launched in Pune?" At Ambegaon, most rationally priced flat at Kenjale Builder's Spring Meadows goes for Rs. 2,850 and 2,750 per sq.ft. Balaji Park, a small project in Ambegaon asks for Rs. 2,600 per sq.ft. Where as Amit's Bloomfield still quotes Rs. 4,200!
Is this booking at Kolhapur and other cities of Mahayatra, going to help Darode Jog to launch the Greenland County at Nahre Ambegaon at a much higher rate? I wonder!
What is your take on the property rates on Sinhagad road?I hear lot of interesting views about the property rates on Sinhagad road in Pune.
Mayur Vankudre of Amit's Bloomfield says, "Property rates in Pune real estate market have come down only 'virtually' not actually!"
"Sinhagad road is not an IT neighborhood like Wakad and Baner. Here property rates are not going to go down any further!"
"Property rate at Darode Jog's Crossover County - possession in 6 months - Rs. 3,500 and at Greenland County -at planning stage - Rs. 3,000 per sq.ft.! Yes, generally affordable homes are more expensive!"
What is your take on the property rates on Sinhagad road? Please, share your views in the comments. (Comments Policy)
Should we keep Nanded City Pune out of this discussion? After all, it's an integrated township of 700 acres. What do you say?
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