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| Megapolis Smart Homes 2 |
Megapolis opens last 3 towers - A1, A2 & A3! Increases the property rates from 1st May 2011!!
Property Rates: Rs. 3100 to 3350 per sq.ft.!
2 BHK Flat - 805 Carpet - For Rs. 35.94 to 38.59 Lakhs (approx)
2.5 BHK Flat - 964 Carpet - For Rs. 42.42 to 45.60 Lakhs (approx)
All inclusive property prices!
(Yes, including Vat and Service Tax)
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| A1, A2 & A3 Towers in Sunway Megapolis Smart Homes 2 |
1) Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
2) Location Map: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
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| Megapolis Smart Homes 2 Location Plan - (To Enlarge - Click the Image- Flickr - Actions - View all Sizes); |
3) Layout Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
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| Sunway - Megapolis Smart Homes 2, Hinjewadi Pune Elevation Layout (To Enlarge - Click the Image- Flickr - Actions - View all Sizes) |
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| Sunway - Megapolis Smart Homes 2, Hinjewadi Pune - Amenities (To Enlarge - Click the Image- Flickr - Actions - View all Sizes ) |
4) A 1 & A 19 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A1&A19 |
5) A 2 & A 20 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A2 - A20 |
6) A 3 & A 21 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A3 - A21 |
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| Megapolis Smart Homes 2 Elevation - (To Enlarge - Click the Image- Flickr - Actions - View all Sizes) |
7) A 4 & A 12 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A4 - A12 |
8) A 5 & A 11 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A5 - A11 |
9) A 6 & A 10 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A6 - A10 |
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| Megapolis Smart Homes 2 Internal Layout with Amenities - To Enlarge - Click the Image- Flickr - Actions - View all Sizes) |
10) A 7 to A 9 and A 13 to A 15 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A7 - A9 & A13 - A15 |
11) A 16 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A16 |
12) A 17 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A17 |
13) A 18 Floor Plan: Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
(Click the Floor Plan to Enlarge) |
| Megapolis Smart Homes 2 - A18 |
14) Property Price -Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
15) Property Price - Click to see the Web Page - Sunway - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
16) For Bookings Contact - Megapolis Smart Homes 2, Hinjewadi - Rajiv Gandhi Infotech Park Phase 3, Pune 411 057:
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| Team Megapolis:Sitting - Mr Chetan, Mr Hemant Kulkarni (GM), Mr Deepak Standing - Mr Suryakant, Mr Nishikant, Mr Pramod Fand, Mr Amit, Ms Kiran, Mr Hande, Ms Meenakshi, Mr Ginder, Ms Supreet, Mr Ved, Mr Rakesh, Mr Shailesh, Mr Datta |
Megapolis Office: 020 3234 8180 / 8181 or
Pramod Fund 91 90110 09230
Deepak Choudhari 91 90110 09234
Chetan Shirude 91 90110 09228
Ginder Thakur 91 90110 09232
write:
smarthomes@megapolis.co.in
sales@megapolis.co.in
Updates:
6) TUESDAY, MAY 3, 2011
Megapolis, Hinjewadi Phase 3, Pune 411 057 - from 28th April 2008 to 30th April 20011
5) FRIDAY, APRIL 29, 2011
Property rates at Megapolis, Hinjewadi Phase 3, Pune, to go up from 1st of May 2011
4) THURSDAY, JANUARY 27, 2011
Megapolis Hinjewadi Phase 3 on 26th January 2011
3) MONDAY, JANUARY 3, 2011
Availability at Megapolis Hinjewadi Phase 3
2) WEDNESDAY, SEPTEMBER 29, 2010
Megapolis Hinjewadi Phase 3 Buzz:
Guess the property rates of A13, A14 & A15 buildings in Sunway - Megapolis Smart Homes 2!
1) FRIDAY, AUGUST 27, 2010
Megapolis Smart Homes 2 - "What's up?"
Related Stories:
1) MONDAY, AUGUST 2, 2010
Big news about the soft launch of Megapolis Smart Homes 2 at Hinjewadi Phase 3, Pune
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Carpet area is on what basis? Is it possible to have break up of terrace and how it is included in the carpet area. These days new trend is brought by CREDAI of adding 100 % carpet and then further loading to builtup.
ReplyDeleteAlso as I know it is a land on lease by the MIDC. How is one going to resale the flat?
Ravi, you should not write blogs like commercial ad. You should have given details of the terrace / land on lease/ resale etc if you claim you are writing for buyers.
ReplyDeleteFrankly, your blogs have lost the sheen with glittery writeups like ads for selective projects
Ref: " Is it possible to have break up of terrace and how it is included in the carpet area. "
ReplyDeleteDear Shanti, these are not terraces. These are balconies. As per the development rules of MIDC, and even PMC, balcony is a part of a carpet area. Because, balcony is not open open to sky, like a terrace. It is covered with the roof of your flat.
This is the 2nd phase of Megapolis Smart Homes. You can visit my old blogs to read the discussion on the lease of land and other related questions.
For example, you are buying a flat. You are going to sign the "sale deed" with the builder. Not the lease deed. So, you can resale or gift the the flat in Megapolis Smart Homes 2 like any other flat in any project in Pune.
I can understand that you are not comfortable with "lease". You believe in "ownership".
But this is Maharashtra. MIDC is Maharashtra Government's company. Like in other states, Maharashtra Government or it's company can't take away the land from the farmers and sell it to an individual or a company. It can only give it on the lease. Only for the specific purpose. Like constructing factories - MIDC - and IT parks - Rajiv Gandhi Infotech Park - or for the residential developments - Megapolis.
Ref: "Frankly, your blogs have lost the sheen with glittery writeups like ads for selective projects"
ReplyDeleteDear Shanti, nice to know that once upon a time my blogs had "sheen"! Thanks for the complements!
If you are talking about the "glittery write up" in this blog, then let me tell you that - i have only shared the images of brochure and property price. I have declared this in the headline itself. This is not a review or there is not even an explanation or information.
If your comment is your general observation - then you are 50% right. Yes, i write about selected projects. Because
1) Though, i do it full time, for me it's physically not possible to write about all 1000+ projects. Visiting, understanding and writing about one project takes lot of time and energy. Plus, there are e-mails to reply and calls to answer which takes lot of time too.
2) Since i can't write about all, i prefer to talk about the projects i like. Since i like the project - i tell you what's good about it. Which you may find like advertising copy, i can understand that.
Generally, I don't waste my time in criticizing. I prefer to save my time and energy by not writing about these projects.
Yes, you may find this difficult to understand and accept. Because, it looks like that you believe in criticizing. For you complementing - talking good - may be waste of your time. For example, I don't remember reading your name on any comment which had ever given any complement in the past for "sheen of my blog". But this time, when you were unhappy - you took efforts to write! Right?
We all are unique. I respect my and your uniqueness. I don't say you are not good because you are not as per my expectations.
I had visited Megapolis and met marketing staff. They are not allowing to meet Mr. Kulkarni. I personally wanted to ask him some doubts before making my decision. But due to reactions of the marketing staff I feel they are not concerned for customers feelings. Mr. Kulkarni is not worried for the customers. Ravi could tell Mr. Hemant Kulkarni to attend customers like me who really areserious buyers?
ReplyDeleteIf i had been there, i would have asked you "Sangeeta, what is so exclusive you want to know that only Mr. Kulkarni can tell?"
ReplyDeleteThough i am only a salesman, i have some self-esteem and self- respect! If you acknowledge it, i will offer my best to you!
Otherwise, i can give a small demonstration of my powers!
Sangeeta, can i ask you a little question? Why did you ask for the demonstration of power?
Do you think that i will tell Mr. Hemant Kulkarni about you if you don't tell and convince me the importance of meeting you?
Please, don't tell me that you seriously want to book! I have appointed a few experienced and well qualified salespersons whom i pay well to look after you.
If Mr. Kulkarni says so, Sangeeta, what would be your answer?
Sangeeta, respect others, as much as you respect yourself!
apart from larger area ( bigger balcony, dry balcony area next to kitchen,slightly bigger dining area) whats the differance in quality of construction between flats in SH-1 and SH-2 ? Why have the builders charged 25000 more in infrastructure charges in SM-2? Would there be additional amenities like piped gas? would the smart amenities and smart specs be same for SH-1 and SH-2? I have booked in SH-1 and many of my friends are keen to know these answers as they missed the bus for SH-1.
ReplyDeleteawesome blog , Car Transportation Pune
Deletegood job ,welldone keep it up , look it this website
http://www.maxfortrelocation.com/movers-packers-pune.htm
Pune's property market is like "Duniya Zhukti he Zhukane wala chilaye"
ReplyDeleteSee the location of megapolis project how can you say that it is in Pune. OMG ..:) 2 hr from pune and even 1 hr from chandni chowk.
2 hr from pune you can reach to Shirur or Pirangut. so it is "Pirangut" property market.
IT guys are lacking basic understanding of carpet area, sellable area , build up area and it shows younger generation doesn’t have common sense how to deal and sell purchase things.
Paisa kamane se common sense nahi ata he you need to learn it.
Pune builders and people like Ravi fooling property buyers.
Dear Rajesh, yes, you are right!
ReplyDeleteMegapolis is not in Pune. Means, Megapolis is not in Pune Municipal Corporation (PMC). Nobody says that it is in Pune.
Megapolis is an integrated township of 150 acres. It is formed as per Special Township Law of Maharashtra Government.
This law is considered as an answer to unplanned development in the fringe area of a city - here Pune.
So, consider Megapolis as a small township - "Wadi" - of Pune city.
For last 5,000 years, this is happening in India. Village gets duplicated. Khurd and Budruk. Wadi - small settlement - is added to the original village. We who live in India know this. So, we who live in India, find it normal.
However, thanks for high lighting this point. Those who are not born in India will find it useful.
I admire your efforts to add value to this blog by providing insightful and essential information in your comment.
Ref: "Pune builders and people like Ravi fooling property buyers."
ReplyDeleteDear Rajesh, you are too modest!
How can anyone fool Pune property buyers when you are here?
I have high regards for you. Till you are here to teach and guide, i am very much sure, at least, reader of Ravi Karandeekar's Pune Real Estate Market News Blog will always take the right decision.
On behalf of my readers, I request you to tell us more about "carpet area, selable area , build up area."
Look at me! I only know "Carpet Area"!
You know? I insist on considering only Carpet Area - which is a space inside the 4 wall of our home and which we actually use!
Not only that. You know, Rajesh? I consider all inclusive cost, as a price of the property! So for me, property rate is = all inclusive cost / carpet area
Isn't this too basic? Too Simple! Right? You want us to complicate it. Right? I am impressed!
Dear Shraddha, thanks for raising important points about the construction quality, amenities, specification and pricing!
ReplyDeleteSure, on this Saturday, i am visiting Megapolis. I will find out maximum details and post the information on Monday.
In the mean time, if anybody knows more details, please, post it in the comments.
Dear Ravi,
ReplyDeleteThanks for your time and thoughts shared on the call two days ago.
I have gone to see Megapolis twice since our call. It is an impressive project. The sales guys claim that the funding comes from Singapore Govt. I cant see any reference to that in the literature. Do you know if this info is true?
Also, do you or any one else reading this blog know how negotiable their prices are? Please post experiences!
Cheers,
R
Thanks a lot Ravi. One more question i had left out in my last post: in the brochure of SH-1, the podium area was not shown in much detail in the layout picture, while in SH-2 the laypout picture shows the podium space in detail as to its constituents. Would similar podium be developed in SH-1 also? (This query is of course for me and not for my friends !!)
ReplyDeletethanks again
Dear Ravi
ReplyDeleteI have booked a 2.5 bhk flat in sunway project..I would request you to please list out all the positive and negative points about this project from the perspective of a buyer who initially considers it for investment and may settle down there in future.
dear ravi i have looked around in pune for last three months but could nothome on to a project offering ameneties and society(probably) like megapolis in my budjet. i have gone ahead to book a 2.5 bhk in sunway. would seek comments from you on the future of the project. my aim is investment. will rent be a problem? also i feel with the proposed DP road to balewadi accessibility is bound to be better. it is currently a nightmare coming out of hinjewadi to wakad during office hours. i faced it once i had gone initially tosee the project. comments apart but i value your blogs as they are statement of facts on ground and do not seem to be influenced as some people claim. keep writing
ReplyDeleteDear Ravi, thanks a lot for your comments. But tell me as a customer of a house i have very important doubts in my mind. Since i am purchasing the house for first time i would like to get the cleared from the GM. Is he not there for the customers? Is he really such busy? You have shown his photographs with chopper and other so called hi fi photoes. At the same time you have also said that he is flamboyant yet on ground. So can he not spare few minutes for a serious buyer?
ReplyDeleteRavi, let's get over it and write another IMPARTIAL blog for other project. Though it is very much evident, don't give too much of privilege to this project otherwise your intelligent reader, who still feels you write blogs for their good, may start to feel otherwise.
ReplyDeleteDear Ravi, I think you are doing great job. keep it up. As you mentioned, you are visiting the Megapolis site on sat, Please see if you can take some photos at site SH - 1. Also i keen to know the differences in amenities provided for Sh1 and Sh2. Please see if you get these details.
ReplyDeleteDear Ravi,
ReplyDeleteI am looking for 2 bhk with carpet area 1000 sq feet in wakad area, budget in betweeen Rs 25-30 Lac. Please suggest.
Dnyaneshwar
These guys are asking approx. 90% of the total amount as Agreement Amount.
ReplyDeleteBuilder clearly wants to lock-in the buyers and deter them from cancellations.
Ravi, didn't find mention to this u\important point in your blog. SOmetimes, please write something that is of buyer's interest as well (especially because your blog readers are the buyers and not builders community and their agsnts.)
In Phase-1 also, builder was cutting lot of amount for cancellations.
Dear wi-sec,
ReplyDeleteYou said "approx 90% of the total amount as Agreement Amount"?
How can any one who is going for a home loan can pay 90% at the time of agreement?
Dear wi-sec,
ReplyDelete"Ravi, didn't find mention to this u\important point in your blog."
You are right.
In this blog i have only shared the data - project details - received from the builder.
Dear wi-sec,
ReplyDelete"SOmetimes, please write something that is of buyer's interest as well (especially because your blog readers are the buyers and not builders community and their agsnts.)"
Good suggestion!
Thanks for reminding me that property buyers read my blog!
Can you, please, tell me the important points i should cover in my next blog?
Dear wi-sec,
ReplyDelete"n Phase-1 also, builder was cutting lot of amount for cancellations."
Is it good or bad? Or just an observation!
Dear Dnyaneshwar,
ReplyDelete"I am looking for 2 bhk with carpet area 1000 sq feet in wakad area, budget in betweeen Rs 25-30 Lac. Please suggest."
"2 BHK Flat - 1000 sq.ft. carpet area - for Rs. 25 - 30 lakhs in Wakad" would be a big news in Pune real estate market!
If i find, sure, i will blog it everyday, till the last flat is available for booking.
Dear Avdhoot, sorry! i was not well so couldn't visit Megapolis on this weekend. I only visited Credai Pune property exhibition for a couple of hours on Sunday evening. Hoping that i can visit Megapolis today.
ReplyDeleteDear Prajal,
ReplyDelete"Ravi, let's get over it and write another IMPARTIAL blog for other project."
I am simple common man and a real estate salesman who is very passionate about Pune real estate.
How can i write "IMPARTIAL blog"? I can write about any project from my point of view.
Please, look at my blog as "my blog". That's why i have named it "Ravi Karandeekar's Pune Real Estate Market News Blog"
My views, my prejudices, my beliefs reflected in my blog makes it unique and genuine.
"Though it is very much evident, don't give too much of privilege to this project otherwise your intelligent reader, who still feels you write blogs for their good, may start to feel otherwise"
No. Don't worry. I am very transparent. When i like any project, i say so in clear words. They have clear idea that Ravi is a big fan of Megapolis Smart Homes. My readers are intelligent. My readers have their own views. My readers read my blog but take their own decision.
Not only that! You know, Prajal? My readers's self esteem is very high. They don't feel shy to discuss about their decision of booking a flat in a project i have criticized!
After reading this blog (http://ravikarandeekarsblog.blogspot.com/2010/04/aditya-garden-city-warje-adjoining.html)
My reader doesn't mind calling me on 919860044110 to ask, "Ravi, I am booking a flat in Aditya Garden City Warje. What say you?"
Just now, someone called to ask my opinion about paying ADF when i have expressed my views in this blog:
Donate your eyes and get Ray-Ban for free!
When you book a flat by disbursing loan in advance (ADF) you start receiving great offers!
http://ravikarandeekarsblog.blogspot.com/2008/08/donate-your-eyes-and-get-ray-ban-for.html
Point is - don't underestimate my readers!
Dear Sangeeta,
ReplyDelete"But tell me as a customer of a house i have very important doubts in my mind."
- What are the important doubts?
"Since i am purchasing the house for first time i would like to get the cleared from the GM."
- Why any other salesperson can't do this? Why only GM?
"Is he not there for the customers?"
- Yes. He and every salesperson is there for the customers.
"Is he really such busy?"
- No. Customer comes first!
"You have shown his photographs with chopper and other so called hi fi photoes."
- In those days they didn't have anything else to do! There was no business. We all know this!
"At the same time you have also said that he is flamboyant yet on ground."
- I have seen him meeting customers - those who have booked a flat!
"So can he not spare few minutes for a serious buyer"
- As a buyer, i believe, this is your right. Not his choice!
Dear veeresh,
ReplyDelete" i have gone ahead to book a 2.5 bhk in sunway. "
- Congrats, Veeresh! I am happy for you!!
"my aim is investment. will rent be a problem?"
- Let us hope that all companies who have purchased plots in Hinjewadi build and start working from here as soon as they can so you can rent out your flat.
By the way, don't you think that, mostly "buying" would not be an option for many!
" i feel with the proposed DP road to balewadi accessibility is bound to be better. it is currently a nightmare coming out of hinjewadi to wakad during office hours"
- Baner Balewadi DP plan is already a "nightmare"!
Balewadi DP road would be a "new nightmare"
Roads and fly-overs can't solve the traffic problems. They can only add to it!
We have to change the way we travel.
Thanks for the complements!
Dear him,
ReplyDelete"I have booked a 2.5 bhk flat in sunway project.."
- Congrats, him! I am happy for you!!
"I would request you to please list out all the positive and negative points about this project from the perspective of a buyer who initially considers it for investment and may settle down there in future"
- Sure! I will write. But, him, blog is a two way communication. You have tell me why you booked your flat. What are the positive points according to you!
For me, important points are:
1) Flat with infrastructural services - water, electricity, waste management, safety & security, well planned neighborhood - provided by the builder.
2) A flat along with all above services at this rate and in this budget is the best offer - at this point of time.
3) As far as i know, the profile of the property buyers is very good. So, i am sure, Megapolis will be a good community to live.
If price, services and people are positive points, you can manage negative points - because mostly they are more of a personal nature.
For example, for a person like me who lives off on his small investments - cost of maintenance would be too much.
For me, living in PMC would be easy - less expensive. Though of poor standard, all infrastructure services are subsidized.
PMC believes that it's it duty to be a loss making unprofitable organization.
Megapolis can't!
Dear shraddha,
ReplyDelete"in the brochure of SH-1, the podium area was not shown in much detail in the layout picture, while in SH-2 the laypout picture shows the podium space in detail as to its constituents. Would similar podium be developed in SH-1 also?"
- On phone Mr. Hemant told me that amenities in Smart Homes 1 & 2 would be too good and there would be a few surprises - of course, pleasant surprises!
By the way don't go by images you see in the brochures. Those are all, always, "Artist's Impressions". Not a landscape architects plan. Generally, when there is a podium, at the launch stage, landscape architect's design is not ready.
Please, remember that you are buying a concept. A good concept. Which can be improvised. Even you can add your ideas! Please, visit this blog:
http://ravikarandeekarsblog.blogspot.com/2010/06/real-estate-brochure-is-fairy-tale.html
Dear Raja,
ReplyDelete"The sales guys claim that the funding comes from Singapore Govt. I cant see any reference to that in the literature. Do you know if this info is true?"
International funding is very complicated business. Mostly untraceable. Plus builder advertise marketable brands - ABG and Kumar Properties. When actually there are more partners:
1) Established in 2008 as a joint venture between Kumar properties, GIC, MIDC and Avinash Bhosale, Pegasus properties focuses on constructing contemporary townships within cities. Its first offering is the 150-acre Megapolis, built along the outskirts of Pune, at Hinjewadi.
http://avinashbhosalerealestate.blogspot.com/2008/12/megapolispune-mega-real-estate-joint.html
2) "GIC" - GIC is a global investment management company established in 1981 to manage Singapore's foreign reserves.
http://www.gic.com.sg/index.htm
3) "GIC" is Avinash Bhosale Group's Business Associates:
http://www.abilgroup.com/businessass.htm
>>These guys are asking approx. 90% of the total amount as Agreement Amount.
ReplyDeleteMy bad. Builder is not asking for 90%. This column is just a simple addition of "Basic cost + Infra charges + Other charges". Stamp duty may be charged on this.
>> [Ravi] In this blog i have only shared the data - project details - received from the builder.
Ravi, there is subtle difference between a "blog" and a "classified ad". Blogs lets you state what are your views/opinions/thoughts. Since you are in RE market for long and have started "blog" for people interested in RE (e.g. less mortal buyers), we expect some of your views/opinions as well.
"Review" does not mean dumping marketing data from builder.
>> [wi-sec]"In Phase-1 also, builder was cutting lot of amount for cancellations."
[Ravi] Is it good or bad? Or just an observation!
BAD BAD BAD...That's my "View" as a prospective buyer. Builder's "view" can differ of coruse. As a blogger what is your "View"? We don't see your views/opinions on various aspects about your posts.
>> [Ravi] Can you, please, tell me the important points i should cover in my next blog?
Couple of points we expected in such blogs:
1. Approx. Monthly Maintenance. [Believe me this can be huge hole in rental income]
2. Should have clearly stated that the land is on 99yr lease from MIDC. What happens for resale or after 99yrs?
3. Paying for road, water etc. in township is just like double taxation. I already pay taxes to Govt. for road, water etc.
4. Cancellation term details.
Most of your blogs is just "marketing data" and I think there is scope to improve upon this.
All these guys with easy money and not knowing where to park it are buying at exorbitant/unjustified rates.
Dear Ravi,
ReplyDeletei planning to booked a 2 bhk flat at the smart Home 2 megapolis. I have a couple of observations on the project,
firstly, what all is included while calculating the loan amount for a flat? Is the Vat and legal charges also included?
Secondly, the builder has included 1 Lac as infra charges and 1,50,000 as other charges included in the total agreement value... what are these? does it include MSEB, Society Car park (covered / open) etc???
thirdly, i had once read in Indian Express ( july 2008) that defence pers and ex servicemen would not be required to pay the service taxes ... what is your take on this? or is it just an hearsay ...
fourthly, is the vat 1% and service Tax 2.58% applicable as on date ... and why is the buyer required to pay the service taxes?
and finally, i if i use the services of agents like from allcheckdeals or 99 acres, what are there charges? what is there take on this?
thanks ... Maj Somesh Bhatnagar.
Dear Ravi, Thanks for your reply. While you are visiting the site, if possible can you help to get one more information - "The smart home amenities brochure shows Genset backup for lifts" but it doesn't talk about the UPS backup for apartments where as Megapolis website shows the UPS backup for Apartmenets. Regards.
ReplyDelete" CIDC-CQRA Construction Quality Certificate:
ReplyDeleteConstruction Industry Development Council (CIDC) and Durocrete Construction Quality Rating Agency Pvt. Ltd. (CQRA) jointly provide this Construction Quality Certificate.
CIDC is a representative organization of the Indian Construction Industry jointly set up by the Planning Commission - Government of India and the Indian Construction Industry.
CQRA is an offshoot of the quality assurance division of Durocrete Engineering Services (P) Ltd . CQRA specializes in inspection, auditing and consulting advisory services for improvement of building construction project comprising civil, building services and Mechanical and Electrical (M&E) work. They have developed a unique quality indexing system and software which can benchmark construction quality levels on a scale of (score cards) 0-10. Here data is periodically captured from construction sites in objective formats then analyzed and comprehensive stage-wise reports are generated. This model is operating successfully since the last 3 years.
For buildings, 'CIDC - CQRA Joint Certification for Construction Quality' is offered in categories like RCC - Structure, Overall Construction Quality and OHES (Occupational Health, Environment & Safety) certification during construction.
CIDC-CQRA projects:
Amanora Park Town, Kalpataru Estates Phase II and III - Pimple Gurav, Sigma One - Kothrud, Gera Emerald City - Kharadi are some of the projects which have gone for this certificate.
Does Smart Homes 2 Megapolis have these certificates???
Dear wi-sec,
ReplyDeleteA) "we expect some of your views/opinions as well."
- Thanks for expecting me to write my views / opinion. I appreciate your expectations.
However, sometimes sharing only information is also essential.
In this case reason was: 1) information about Megapolis Smart Homes 2 was not available on the builder's website. I was sharing this info for my 50% readers who are not in Pune. And for those who didn't receive this information from the builder.
2) Like you - I don't see any harm in providing pure information - without any comments - views / opinion.
In fact, I do it quite frequently. Because - not enough information is also a major concern. For example, visit my blog of Nandan Inspera Wakad - you know, it's one of the most popular blog on Ravi Karandeekar's Pune Real Estate Market News Blog:
http://ravikarandeekarsblog.blogspot.com/2010/05/views-of-nandan-inspera-2-bhk-flats-at.html
3) Yes, you are right. You have the right to expect more. For example, you want me to write a blog like the one i had written on the pre-launch offer of Megapolis Smart Homes 1:
http://ravikarandeekarsblog.blogspot.com/2009/12/megapolis-hinjewadi-phase-3-pune-are.html
I don't see that i have to write every blog like this.
B) "Review" does not mean dumping marketing data from builder."
Yes, you are right.
This is not a review. I haven't said that this is a review. This blog only shares information about Megapolis Smart Homes 2.
Where as - my blog on the pre-launch offer of Sohba Ivory Kondhwa Pune 411 048 shares information about the planning, offer and has a review too. I am sure, you will not call it dumping data and accept that i know what is review and can write it too!
http://ravikarandeekarsblog.blogspot.com/2010/08/sunway-megapolis-smart-homes-2.html
Dear wi-sec,
ReplyDelete""In Phase-1 also, builder was cutting lot of amount for cancellations."
[Ravi] Is it good or bad? Or just an observation!
BAD BAD BAD...That's my "View" as a prospective buyer. Builder's "view" can differ of coruse. As a blogger what is your "View"?"
You know that I am a real estate salesman who writes a blog on Pune real estate market. My view about cancellation charges are:
The real estate salesman should receive 50% of the cancellation charges as a compensation for his time and efforts invested in getting a booking and for the loss of commission of the cancelled booking.
Dear wi-sec,
ReplyDeleteRef:""1. Approx. Monthly Maintenance. [Believe me this can be huge hole in rental income]
2. Should have clearly stated that the land is on 99yr lease from MIDC. What happens for resale or after 99yrs?
3. Paying for road, water etc. in township is just like double taxation. I already pay taxes to Govt. for road, water etc.
4. Cancellation term details.
Most of your blogs is just "marketing data" and I think there is scope to improve upon this."
Dear, till this point - you were expecting my views and opinion!
Now, you are asking for "information"!
Why sudden change?
You are interested in finding what is not in my blog.
For you what is in the blog has no value. Right?
You could have asked these questions without focusing on what is not there.
Now, i am tired. I will write about these point - if you value providing information - which is essential and important for you.
Thanks for sparing your time to comment.
Dear Mr. Maj Somesh Bhatnagar,
ReplyDeleteVery important points.
Ref: "Secondly, the builder has included 1 Lac as infra charges and 1,50,000 as other charges included in the total agreement value... what are these? does it include MSEB, Society Car park (covered / open) etc???"
Ref: "ourthly, is the vat 1% and service Tax 2.58% applicable as on date ... and why is the buyer required to pay the service taxes?"
Please, ask these questions to the sales executive of Megapolis - for the taxes builder acts as a collection agent - he collects from you and gives to Central Government - and share your answers on this blog.
Ref: "thirdly, i had once read in Indian Express ( july 2008) that defence pers and ex servicemen would not be required to pay the service taxes ... what is your take on this? or is it just an hearsay ... "
Please, visit this blog: it talks about Property Tax of PMC.
http://ravikarandeekarsblog.blogspot.com/2009/12/soon-no-property-tax-for-defense.html
For the Service Tax, plese, visit this blog:
http://ravikarandeekarsblog.blogspot.com/2010/07/all-sales-of-under-construction-houses.html
Ref:"and finally, i if i use the services of agents like from allcheckdeals or 99 acres, what are there charges? what is there take on this?"
I am curious too! Please, ask 99 acres and share on this blog.
Dear avdhoot,
ReplyDeleteRef:"Megapolis website shows the UPS backup for Apartmenets. Regards."
Specifications in the agreement are more important - because that is the only legal offer - than what is written on the website and in the brochure! Please, visit this blog:
http://ravikarandeekarsblog.blogspot.com/2010/06/real-estate-brochure-is-fairy-tale.html
Dear somu, thanks for asking the question about "CIDC-CQRA Construction Quality Certificate"
ReplyDeleteIt should be asked while booking in any project.
"Does Smart Homes 2 Megapolis have these certificates???"
http://ravikarandeekarsblog.blogspot.com/2008/04/be-smart-property-buyer-ask-your.html
Spoke to midc person about the lease ,
ReplyDeleteper them, the sale is "not the 99 year lease" the buyer will get the full ownership. But when the buyer want to sale it to other party that deal will happen through MIDC (not sure how will this happen?)
for more info visit http://www.midcindia.org/Pages/IndustrialDestinations.aspx?IndusID=261
or talk to MIDC office on 020 25821660
Dear Ravi, Shashi has brought out very good point. Can you please let us know your opinion on this. Regards.
ReplyDeletei was thinking you'll reply to my queries posted on 9 Aug 10 ... but i am still waiting .... Maj Somesh... Happy Independence day!!
ReplyDeleteHi Ravi,
ReplyDeleteI have booked 2 BHK flat in Sunway Phase II.
At the time of booking they were claiming that no flats(which hv good direction - garden facing etc) are available under 12th floor.
So, I had to go for 12th floor(rate of 2850 sqft) and my total flat cost has gone upto 33.5 lakh(including everything).
Do u think that this is a descent rate(2850) for a flat in Megapolis or it is too much?
I am looking for a flat from staying point of view.
Little confused now as i had to strech my budget by couple of lakhs.
Do you think it was a good decision?
Your reply will be highly appreciated.
Thanks,
Amit
Very good decision!
ReplyDelete"Megapolis have taken this land from MIDC (Maharashtra Industrial Corporation of India Ltd.), MIDC is Govt. body. As you know Govt. can’t sell their property, they always give it on lease or rent. It is 95 year lease but extendable. May be after 95 year it will be free hold".... is the reply i got from the builder... but still how does it affect us?
ReplyDeleteGood news .... 1stly, Megapolis project has a CIDC-CQRA Construction Quality Certificate.
ReplyDelete2ndly, the infra charges and other charges, includes MSEB, Club Membership, Infrastructure Development, Etc., Maintenance will be monthly i.e. Rs.1.50/- per sq.ft. Parking would be covered,
3rdly, Service taxes are still not applicable.... so you can wait till it is through and give the payment.
bad news is NO internal Gas pipeline connection...
Y'day I visited this site. Salesperson told me all the flat booked till 9th floor in all towers. Is it true? Or they want to sell top floors first?
ReplyDeleteI would suggest to check the availability chart that they maintain and you will find the actual status. When i last checked on Saturday 4th Sept , most of the towers which they opened(A4-A12) were booked till 9th floor.
ReplyDeleteMr Ravi, the Kumar properties have increased their cost PSF, that is, now the same flat is costlier by almost a Lac.... I thought the Real estate was on a downward trend.... ???
ReplyDeleteGood news for ppl who have already booked before 1st Sept ...
Dear Netizens and ONLY THE proud owners of the Sunway flat join me on facebook ... search 4 “megapolis sunway"
MR Ravi,
ReplyDeleteCan you please share your review comment on Sunway II, As the porject possession date is 2013 do you feel it make a good deal at the time of possession?
Ashwini
Ref: "make a good deal at the time of possession"
ReplyDeleteIt will be a good home to live in. Well planed project, well designed flat, good construction quality, availability of water, electricity, safety- security, internal roads, clean fresh air, and most important feature - young residents! Today, you don't get all this at this price in Pune and wont get it tomorrow!
Are townships sustainable in the long run.
ReplyDeleteI have heard even kolte patil is coming with their townhsip in Hinjewadi.
How are they as developers .
Do you think they will come up with some attractive pricing with a different product mix to suit all of us.
Hi Ravi,
ReplyDeleteI was away on vacation and missed your reply to my comments.
Can you tell what is booking status of megapolis now that you are prviding so much of info on this project.
Hope I will get response on my query about bokking nos.
ReplyDeleteNow about your statment that I am not as per your expectations. I wonder how you can have any expectations about your blog readers? Is it that you expect people to read your blog and follow the line of oh Ravi liked so it is good. I booked you also go and book a flat in Megaplois? haha!
Dear Shanti, welcome! Nice to see you!
ReplyDeleteAt Megapolis booking is good.
Since this blog has the basic info about Megapolis Smart Homes 2 - i had added and / or updated the info and have re-published the original blog! An experiment!
Yes, i expect my readers to add value to the information, share their views and experiences and make this conversation more useful for Pune property buyers.
please mention the height of flat's floorwise. thanks....are megapolise sunway2 started bookings of A1,@A21. suhas jain
ReplyDeleteRama Builder - Air Castles, Marunji - Cancellation hassle
ReplyDeleteMy relative wants to cancel his booking at Air Castle , Marunji near Hinjewadi. Registration is not yet done.
Booking amt was Rs.1lacs and cancellation charges were 50% (very high). Booking rate was 2450 and now he is quoting 2800 to new buyers.
Now, when we want to cancel booking, Rama builder is asking to pay Rs.50,000 BLACK money in CASH and also told that we will get back Rs.1lacs only after the said flat is sold to some other buyer.
But nothing of this sort is written in the booking paper, it just says cancellation penalty is 50% of booking amt.
Ever since booking our experience with Rama builder is very bad.
Avoid Rama builder!!!
Please forward this to your friends, especially in Hinejewadi. Let this rogue builder know power of bulletin board, mailing lists.
Without support from Hinjewadi IT people, these arrogant, crook builders will hesitate to act like this henceforth.
I am planning to book the flat. Rate is negotiable or fixed? People, who have booked their flats at megapolise sunway2, Could you please share your experience about the rate.
ReplyDeleteHello Ravi, today I booked 2BHK (1007 sq ft) at Sunway with rate of Rs. 2900. Its tentative possession is in March 2013. What is your guess about the price of this flat at the time of posession if I want to sell it out. Thanks.
ReplyDeleteIt looks like comments of past blogs are mistakenly showing up on this blog. Many comments has timestamp of August.
ReplyDeleteI think people here should accept that it is blog of Ravi's view and not a blog of news. It is not possible to go without bias. As I see, blog is one's view of the world.
That being said, Ravi does not consider many projects worth considering in Pune - like Air Castles, Blue Ridge. If he doesn't consider big projects from reputed builder then it does not give good impression about the blog. Then this blog does not look like catering to buyers. Ravi's comments like "I save my energy and time by not criticizing bad projects" does not help either. It sounds like Ravi will post an entry about a project only when he gets a deal from the builder.
If you notice that he talks about DNV builders which will have just 4 towers then it wonders me why he doesn't consider projects of similar size and in same location. I think Ravi talks about very few projects and why he talks about only those projects is anybody's guess.
I appreciate Ravi's blog even though he gives selective information about selective projects. he mentions his views in his blog.
Any big ticket purchase like real estate should not be done without proper research. People should not depend on a single blog too much.
That being said, I have a query to Ravi, is there any plan to increase connectivity from phase 3 to wakad. Is there any such DP road ? Otherwise connectivity will remain biggest obstacle for Megapolis.
As far as any township goes, what is necessary is social infrastructure like school, college, hospital, entertainment avenues, mall. It is even more important for projects like megapolis which is at the farthest end of city. I am really looking for what actions developer take for it. Lets hope that this does not become a ghost township where people occupy just a quarter of the full capacity of township. I am not aware of township act and not sure if there is anything legally binding on developer for social infrastructure. This is the biggest question for Megapolis. I really hope that township like megapolis do well so that city remains well-planned.
Dear Ravi, property rate of Megapolis Smart Homes is fix. Not negotiable.
ReplyDeleteDear Mukundraj, we have discussed this topic!
ReplyDeleteDear Ajay, thanks for the comment.
ReplyDeleteYou are right. As i have said in the first sub-head line - i have re-published this blog - that's why you can read the old comments too.
For a few weeks, this blog was the only public source of information about Megapolis Smart Homes 2.
Thanks for pointing out that this is "Ravi Karandeekar's Pune Real Estate Market News Blog". I admire you for explaining what i have already said in the title of the blog.
Ref: " Ravi does not consider many projects worth considering in Pune - like Air Castles, Blue Ridge. If he doesn't consider big projects from reputed builder then it does not give good impression about the blog."
You should have read - not all - but at least most of my blogs, before making this statement.
Though, like you, i don't believe that writing about "big project from reputed builder" makes blog good - I suggest you to use the search box in the right hand top column to find out what projects i have covered so far.
Ref: "It sounds like Ravi will post an entry about a project only when he gets a deal from the builder."
Thanks! Your complement shows that my efforts are worth paying for!!
By the way, what should be "the size" of deal?
Ref: "I think Ravi talks about very few projects and why he talks about only those projects is anybody's guess."
When i read a statement like this - i feel very proud of me. Thank god! I am not like you!!
Ajay, i admire you for writing this:
"That being said, I have a query to Ravi,...."
I am impressed!
Thanks for sparing your valuable time to share your "insights"!
Please, take little efforts to understand the subject before expressing your views!
What I have noticed about Megapolis :
ReplyDelete1. Thogh there is space is reserved for school, multiplex, mall we dont know when they will come up. It might take 4-5 years to develop these amenities.
2. It will be difficult to get other options for hospital, school, mall etcetra as they will be atleast 7-8 km away from the project.
3. Since it is within MIDC area, chances of any other residential locality coming up in nearby area is very less. If MIDC does open up its space for more residential projects, the price of megapolis apartments will decrease because of demand-supply mismatch. If commercial projects are allowed on MIDC land then Megapolis has very bright future. But chances of MIDC selling its land for commercial projects is very less.
Megapolis is an example of isolated and large township. It has indeed a size to hold a township. Many things depend on how developer executes the project. Also it would be interesting to know how many people come to stay in the premium flats which will be ready by this year-end or next-year-beginning.
ReplyDeleteI have heard from my friend that developer has rights over the space reserved for school, mall, multiplex. He also told me that the developer has right to sell the space to any third party.
ReplyDeleteWhat it means is you may not see a school in Megapolis but a costlier restaurant/hotel.
Ajay, who says so? You? or Your friend?
ReplyDeleteRavi,
ReplyDeleteI have purchased a flat in the original towers (B) and I feel sort of let down that there is a new smart home development in the same area at a much lower rate! So was it worth booking the flat at such high rates when the first flats were launched. Ultimately over a period of years the prices per sq. ft will more or less even out as these are generally dependent on location?
I dont know, because on the one hand I missed
Paranjape (knowing too late) and then this! What is your view?
Srini
Hello Srini!
ReplyDeleteSorry. Your comment reflects more of your state of mind than about Megapolis, Megapolis Smart Homes 1 & 2, and Blueridge Hinjewadi. You look quite low. Sad. Unhappy. Don't worry. Everyone goes through this phase when he "invests". It may be real estate, gold or shares. Because, we are not trained investors. Because, we have many beliefs. Because, we have enough time to think.
Hi People,
ReplyDeleteI've booked a 2.5 BHK there. I liked the place and the layout of the apt. Buy the time the apts are ready for possession, the place would be developed. From demand perspective, i feel the this place will be a lot in demand.
@Saurabh , what are the current rates ?
ReplyDelete2800-3000 depending on the floor number for non-garden facing
ReplyDelete2850-3050 depending on the floor number for garden facing
Hi Ravi,
ReplyDeleteWhat are the rates for the megapolis premium homes?
Hello Ravi,
ReplyDeleteYou seem to have been fighting like a warrior to all questions from people, defending the fort of Megapolis. Futile though from my point of view, if you fail to answer the basic questions below
1) What is the basis for the rate at Megapolis (3200+). I see the same rate in Wakad, Pimple Saudagar, Balewadi etc which certainly are much better developed. Although I argue that they are completely or even substanially developed for that matter, which is the real pain for buying property at any suburb of Pune. The facilities and amenities do not do justice to they rates they claim. So with the so called developed areas or comparing it with Aundh or Baner
for that matter, please highlight me the infrastructure perks that I will be able to enjoy in Megapolis.
2) Except for Page3 amenities that Megapolis provides, list me the access to basic facilites like public transport, hospital, schools, colleges, government offices, banks etc. Pune still suffers from the lack of basic transport which is at peak when it comes to Hinjewadi. Even from a place like Wakad one has to
go up and dowm to Aundh for every basic household requirement right from cutlery to electronics. The govt offices are in Pune-1, and even the bank that rolls crores every month in Hinjewadi expects me to come to ShivajiNagar branch for any matter important. Are these problems going to vanish by going 15 kms away
from Wakad to Megapolis.
3) The traffic in Hinjewadi is a big issue. Isnt it a clean way to fool the IT people by saying it this way; "OK, there is traffic everyday to come to office and it takes 2 hours to reach office from City, so why dont you stay here forever near your office, 2 hours away from City" Assume if someones family members want to go out for a movie or outing in Pune City (2 hours from Megapolis), do you think they will dare to cut the evning traffic at Hinjewadi and Wakad.
4) Megapolis indeed would build a world class complex, but the moment you step out of the gate there is area which is disconnected socially from every part
of the city in all aspects; and which we all know will certainly take a considerable time, to be integrated as a part/suburb of Pune in true sense, with respect to access to means of living.
5) Tell me if you disagree with me on below facts, with your take on this
i) If not for my car, how do I come to/from Pune Station. The transportation is poor
ii) If not for the 1-2 restaurants (if planned) in the Megapolis township, if I need to dine out with my family do you expect me to come Wakad, Aundh or Baner
iii) If not for the hospital (if planned) in Megapolis township, should I come to Aundh/Chinchwad for nearest hospital (there is none in Wakad)
iv) If I need to shoppe do you expect me to come to Aundh from Megpolis
v) If I need to buy heavy electronics or households, the shopkeeper will charge me double Octroi from Aundh or UnivCircle
vi) When back from railway station, I do not think any rickshaw from Pune will be able to take me there below 1000 rupees on a bad day. Double meter and return charge both; you know rickshaw wallahs. Same would happen if I have to see off my relatives to station or airport. I fear they will stop coming to me coz of that. Finding the address itself is an adventure.
6) I absolutely agree that this is first of its kind project in Hinjewadi and things take time to turn up. If that is your answer, let me counter argue asking the first question again. What is the basis for rate? If facing problems is expected at first place, I would never buy this project with anything above 2000 per sqft.
Hello Rahul! Thanks for sparing your valuable time to post the comment. I congratulate you to for listing down your observations and concerns. You can also visit this blog which lists a few questions:
ReplyDeleteTHURSDAY, MAY 8, 2008
What real estate investors want to know about Kumar Properties' Megapolis Township at Hinjewadi in Pune?
List of questions:
I have compiled this list from the comments on my 'Ravi Karandeekar's Pune Real Estate Market News Blog'. To me comments are very important. I try my best to answer and take a part in the conversation. But after all, this is my opinion. I request you to visit these blogs and express your views. Of course, if you have any other question, please, let me know in the comments and i will add it to the list.
http://pune-real-estate-investment.blogspot.com/2008/05/what-real-estate-investors-want-to-know.html
Hello Rahul!
ReplyDeleteYou said:
What is the basis for the rate at Megapolis (3200+). I see the same rate in Wakad, Pimple Saudagar, Balewadi etc which certainly are much better developed.
I would never buy this project with anything above 2000 per sqft.
You are absolutely right! But you are late. If you had been on time, i am sure, you would have booked a flat in Megapolis Smart Homes 1. To know why - please, visit these blogs:
1) SUNDAY, DECEMBER 13, 2009
Megapolis Hinjewadi Phase 3, Pune - Are you investing in a 1 BHK for Rs. 16.87 lakh or a 2 BHK for Rs. 25.34 lakh Smart Home?
Pre-launch offer of Avinash Bhosale and Kumar Properties' joint venture Megapolis creates buzz in IT companies in Rajiv Gandhi Infotech Park, Hinjewadi!
http://ravikarandeekarsblog.blogspot.com/2009/12/megapolis-hinjewadi-phase-3-pune-are.html
2) Megapolis Smart Homes - Costinghttp://bit.ly/5GpfxK
Dear Rahul, The current property rates and budget of Megapolis Smart Homes are:
Property Rates: Rs. 2900 to 3150 per sq.ft.!
2 BHK Flat - 805 Carpet - For Rs. 33.81 to 36.66 Lakhs (approx)
2.5 BHK Flat - 964 Carpet - For Rs. 39.87 to 43.29 Lakhs (approx)
Now, you want the justification for these property rates. Right? I can give 1100+900=2,000 justifications. But, i will not give them. Because, i don't want to add to your unhappiness. Because, i will not be able to list your name in it. For me, your happiness is more important than Megapolis. I respect your views. You have a right to have a different opinion. You have a right to say "NO - This is not for me!"
Dear Rahul,
ReplyDeleteYou said:
4) Megapolis indeed would build a world class complex, but the moment you step out of the gate there is area which is disconnected socially from every part of the city in all aspects; and which we all know will certainly take a considerable time, to be integrated as a part/suburb of Pune in true sense, with respect to access to means of living."
You are right. Megapolis is 150 acre township, located roughly 9 kms away from the borders of PMC & PCMC.
150 Acre Township can never socially integrate, compete, can be as good as, a city like Pune which is populated and evolved over last 500 - 600 years.
In fact, Megapolis and all integrated townships are basically only a solution to unplanned urbanization. Expansion of Pune City beyond it's old limits. When at a certain stage government realized that the local government - PMC & PCMC - can not expand it's boundaries and provide infrastructural services like water, electricity, waste management, safety & security, it decided to "out-sours" these jobs to private sector. Government decided to let the builders to develop more than 100 acres, build the township and work as a local municipal government by providing basic services.
So, in all sense, Megapolis and all townships like Blue Ridge, Amanora, Nanded City Pune are independent townships. Like Magarpatta, and even "Camp" in Pune has it's own identity - these townships will also have their own independent "social culture" and will not integrate with Pune City.
You are completely right about it. It shows that you have understood the concept well and don't feel like being a part of it. Which is OK. I can understand you. Because, i am born and brought up in Pune. Though i am living in Kothrud for years - i feel happy when i am in Shaniwar to Shukrawar Peth, & of course, in Narayan, Sadashiv Peth.
However, true Punekar understands that city keeps on growing. Because, Pune has ruled India for more than 200 years. So, true Punekar, like me, looks at the development in the right perspective!
"Not socially integrating with a bigger city" like Pune - is not unnatural. If you look the structure, you can see that not only a Big City but even a small villages also have "Wadi" "Wasti" at a little distance - with a limited connection for the specific reasons - from the main village.
How are carpet, built-up and chargeable areas defined?
ReplyDeletePBAP (Promoters and Builders’ Association of Poona) have laid down the guidelines that are to be followed by all its members, bringing about uniformity to the areas available for sale. The guidelines are as follows:
Residential: Sales area will be carpet area + 25%, inversely, carpet area will be 80% of sales area. Commercial: Sales area will be carpet area + 33.1/3%. Inversely, carpet area will be 75% of sales area. Lofts are measured 50%. Mezzanines (sanctioned as such) are 100%. Eye-level terraces are charged@50% for area up to 500 sq. ft. and @33.1/3% for more than 500 sq. ft. Carpet area is measured internally wall-to-wall without considering plaster thickness and column offset.
1) Your Guide To Buying A Flat
ReplyDelete2) ‘Sell flats in city on basis of carpet area’
3) Don't book a flat if there is no commencement certificate (CC) and consider only the carpet area and not the built-up, super built-up or saleable area!
ReplyDeleteMegapolis Smart Homes - Costing http://bit.ly/5GpfxK
ReplyDeleteI saw the cost sheet but the price starts from 2300 and if we include infrastructure charges and "other charges" which are paid to builder and not to government then price comes to be 2536 Rs per sqft. The rate is way beyond 2000.
However, I think people who bought at that time indeed got a good deal.
I am sure that few apartements (possibly in premium buildings) would be ready for posession by now. Experience of the people who have already moved in would be very helpful for all people reading this blog. That might answer Rahul's queries as well.
I am well-wisher of all townships in Pune and would like to see the projects taking off. However, I am not sure how much developer is interested and legally bound to give social amenities.
Lets hope that school, hospital, multiplex and mall will be ready when buyers move in.
Heard that the construction work at Megapolis has stopped due to slump in new bookings and also builder is shifting bookings into fewer towers.
ReplyDeleteCan some owner confirm this?
The Megapolis land is on 95 years lease (4 down already). There is an ongoing court case too. Thus not all the banks approve loan.
ReplyDeleteI was about to book a 3BHK, but a person from Paranjpe developers opened my eyes.
I am amazed, why did anybody from Kumar not tell me about this in the introduction.
God Bless!!!
Dear wi-sec, someone is feeding you wrong information. Why do they this to you? Always! Please, check.
ReplyDeleteDear Vinay! Good for Paranjape Schemes' Blue Ridge! Bad for you!! I feel sorry for you. Take care.
ReplyDeleteRavi - Do you think it is wise to put our hard earned money in the project which is not clear title. Have we not already heard of Lavasa, Adarsh etc. Should we still close our eyes and walk knowing that the court can put a STAY order on this project anytime?
ReplyDeleteCome on Ravi, The sales people should have mentioned all this when they tell about the property. A senior from Kumar Properties EStreet office confirmed that all of this is true. He also agreed that there is a outstanding court case on the land.
Dear Vinay, land belongs to MIDC. Means, the land has cleanest title. Means, you can't compare it with other two projects.
ReplyDeleteYou are right, Vinay. We should keep our eyes open. Including you. You should ask for the court case number. You should see the papers. It's called keeping eyes open and using it too.
Very funny Ravi. Apparently you have closed your eyes when writing about MegaPOLIS and not mentioned about the outstanding court case and the 95 years lease land. Nice!!!
ReplyDeleteDear Vinay, i am discussing & writing about 95 years lease for the last 3 years. You can read it on my blog and in comments.
ReplyDeleteWhich court case are you talking about?
See, you are free to not like any project without any reason. But don't mislead yourself. Feel free to say no - not for me!
hi, vinay
ReplyDeletei would like to know which bank has refused loan because of lease / court case. pl specify. haave taken loan frm hdfc, frnds from sbi etc.
ravi, has always talked abt the lease. check the old blogs
ReplyDeletethe court was PIL, which is in favour of megapolis.
ReplyDeleteHi Ravi,
ReplyDeleteThanks for all the post...
They are really helpfull.
Do you know when the A-17 Building of megapolis will start?
Please let me know if you can.
Thanks
Dear Ravi, Got so many infortion thru ur blog. thanx to u and evrybdy. I booked one flat at first floor in sunway but (1)nobody is able to tell the podium height.(2)nowhere they mentioned as covered parking and wrote as (open/covered). May they provide the open car parking.(3)one clause in document at page 32 "Before assignment of rights acquired by purchaser, i have to get NOC from MIDC.what is this as nobody is telling bout this and giving number of others. If you or anybody know bout this pl tell me. and yeh want to talk anybody booked flat at sunway first floor or at any floor. Regards Abhinay
ReplyDeleteDear Chintu, better see the lawyer of Megapolis who has drafted the agreement to know about NOC from MIDC.
ReplyDeleteRavi,
ReplyDeleteWhen you have visited and talked to 100's of builder so far have you ever asked them why do they charge on built-up area or salable area when they are suppose to charge on carpet area only
Please answer straight
Dear Trupti,
ReplyDeleteStraight answer - No.
I recently visited the megapolis website and the costing sheet for sunway has the revised per sq ft rate at 3400. The previous rate set started from 3100 and had a floor rise of 50 per 2-3 floors. Would that also be the case here?
ReplyDeleteHello All, Just spoke with the megapolis sales team...they have only three flats available in smart homes 2 on the 14th floor...and the rates for them are 3400..smart homes three might be launched in Nov 11..
ReplyDeleteHello,
ReplyDeleteCan anyone please let me know if this is still a good option to invest? I see many IT Co.'s coming up there & also recently heard other developers thronging in with property prices risen a bit.
Thanks,
Anish
Dear Anish,
DeletePlease, visit this blog:
A Home in Hinjewadi Phase 2 & 3
Hi Ravi,
ReplyDeleteI am interested to know your view about the Green Olive projects in Hinjewadi by Kolte Patil Builders.
Is it worth doing any investment for 2 BHK in that project ? Also, is the land title for the project clear and is the land on lease or otherwise ?
Will be glad to hear from you, whether it is worth to put hard earned money in the Green Olive project.
Sorry, Vinnet. I have stopped considering it as an option.
DeleteRavi - I was thinking of investing in Kolte Patil Green Olive but looking at your reply i am bit confused now. Do you still stick with your answer of NO ?
DeleteRavi why you are so arrogant ?
ReplyDeleteAm i, Avnsh? Sorry. Thanks for pointing it out. I will change. I will be humble and polite. Always.
DeleteHi Ravi,
ReplyDeleteI am planning to buy a home in wakad/hinjewadi area. My mind say to plan for a 2BHK whereas 1 BHK fits into budget well i.e., 30 L. Can i be able to find a home with good locality for 35-37L and posession within 6 months. If not, then going for a 1BHK should be good option? Do revert based on your experience of buyer's mind.
Your priority is an area. Location. It's self-defeating idea. Why not change the priorities? Better rethink!
DeleteHello, any idea on swiss county project by Rama group in Wakad ? I am planning to invest in a 2-3 bed flat in wakad and would like to find out if this project is worth investing any money ? Thansk a lot in advance guys, Madhura
ReplyDeleteDear Madhura,
DeleteInvesting for profit or as a home - residence?
As a home it's OK - if you love to live in PCMC.
As an investment for profit - no.
Thanks Ravi, this is for investment purposes which can also be used as a main residence in future if I plan to move to Pune.
DeleteWhat is PCMC ? Is it a good area to live ? Sorry, my knowledge of Pune is not very good so it may sound like a stupid question to you.
Thanks, Madhura
If you buy a flat here, you have to pay very high maintenance.
ReplyDeleteIf you rent a flat here, you have to pay extra for using all amenities, which is free for owners only.