tag:blogger.com,1999:blog-5269558537262232516.post4890421028455327183..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: Kumar Properties' Megapolis at Hinjewadi - 3rd integrated township after City Group’s Amanora Park and Paranjape Schemes' Blue RidgeRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger76125tag:blogger.com,1999:blog-5269558537262232516.post-15203750914510744572012-01-23T13:16:27.732+05:302012-01-23T13:16:27.732+05:30sparklet at megapolis floor plan same as aditya bu...sparklet at megapolis floor plan same as aditya builders.. old style ... no dry balcony for kitchen only terrace to hall .. then y to pay 37 lakhs for that . .. just for hill view !!!! dont think its worth !!!!vindahttps://www.blogger.com/profile/00767442997939847558noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-80398985485409452342011-08-23T23:31:55.082+05:302011-08-23T23:31:55.082+05:30Hi Ravi,
What is the current rate at Megapolis?
Al...Hi Ravi,<br />What is the current rate at Megapolis?<br />Also Could you please confirm, which bank has approved this project so that I can check on with them for housing loan details as well.Shilpahttps://www.blogger.com/profile/04316495971485218980noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-71644919317866945852011-07-04T12:29:23.085+05:302011-07-04T12:29:23.085+05:30Currently Blue Ridge , Hinjewadi has Rs.4200/- as ...Currently Blue Ridge , Hinjewadi has Rs.4200/- as base rate and Rs.20/- as floor rise.<br />1.Can you suggest if it is worth buying a flat @19th/20th floor for Rs.4500 psf ?<br />2. What are the chances of another entry point for phase -1 ? Any hopes for balewadi-baner road ?Sunilhttps://www.blogger.com/profile/01784381267339061929noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-22959142353377794802011-06-16T15:50:54.524+05:302011-06-16T15:50:54.524+05:30Hi Ravi,
Could you please confirm, which bank has...Hi Ravi,<br /><br />Could you please confirm, which bank has approved this project so that I can check on with them for housing loan details as well.RFernwehhttps://www.blogger.com/profile/01272410899126115096noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-58740844896676243122011-01-05T22:53:55.288+05:302011-01-05T22:53:55.288+05:30Ref: "I want to know one more thing Ravi, is ...Ref: "I want to know one more thing Ravi, is this land under any dispute or Litigation right now. (I know that Major Banks like SBI have approved the project, but still??.)"<br /><br />Hello Anand! No. When the land is acquired by the government it becomes "clean, clear and pure"! Please, don't ask why!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-80326749452546454432011-01-05T21:02:15.802+05:302011-01-05T21:02:15.802+05:30Hi Ravi,
It was nice talking to you regarding the...Hi Ravi,<br /><br />It was nice talking to you regarding the lease between MIDC and Pegasus property.<br />Based on my understanding i would type in the details about the lease so it's easier for any user visiting this blog.<br /><br />This is the information based on my discussion with a Megapolis executive.<br />1> When you book any flat you are paying only "1 rupee x flat_area" as the price of the land.<br />2> After 95 years the lease would get renewed and you need to pay "Flat_area x (Inflated value of 1 Rupee).<br /><br />what it means is if you can purchase a CANDY for 1 Rupee today, and if the same CANDY is worth 100 Rupee after 95 Years then you need to pay 100 Rupees x Flat_area.<br />E.g if you buy a flat with selable area of 1495 sq feet. You pay today 1495Rs after 95 years you may need to pay 149500 Rs to MIDC.(This is just an example).<br /><br />I want to know one more thing Ravi, is this land under any dispute or Litigation right now. (I know that Major Banks like SBI have approved the project, but still??.)<br /><br />A feedback--> IT people these days are literally blamed for everything; priced hike, Higher package etc etc. But the fact is they are the ones who end up paying major chunk of their salary as Tax(Without having any under the table kamai), Get exploited by house owners for higher rent/Deposits. <br />I agree that most of the IT people would have brought up the flats at the rates quoted by the builder which really means that the rates won't go down. But that's the reality, this happen because consumers(IT guys or anybody) are not united nor is he/she protected.<br /><br />Regards,<br /><br />Anand.An@ndhttps://www.blogger.com/profile/15227087382885026637noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-82807944341791318492010-05-03T16:22:27.384+05:302010-05-03T16:22:27.384+05:30Hi Ravi,
i am interested in buying a property in ...Hi Ravi,<br /><br />i am interested in buying a property in Megapolis. <br />Questions:<br />1)what is the current per sq ft rate. <br />2)is there any special discount for Tech Mahindra employees? <br />3)shall i go for 2.5 or 3 bhk?<br />4)i went throu blue ridge also, but was very expensive<br /><br />Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-9222036148367062992010-04-12T10:13:07.784+05:302010-04-12T10:13:07.784+05:30s i agree better to stay in renteds i agree better to stay in rentedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-70065773910700819002010-03-17T15:44:58.965+05:302010-03-17T15:44:58.965+05:30In my openion, IT peoples are incresing the prices...In my openion, IT peoples are incresing the prices of property in pune. They should stop buying property in such high rates that to in outscirts of city. BlueRidge/Megapolis being so far from city are charging very high. Who will pay 3200-3500 psf in this undeveloped and bare area.<br /><br />We can get more good house in Baner/Aundh itself in this rate, which is well connected.<br />3 BHK in BlueRidge is costing arond 67Lakhs while i'm getting Rowhouse in 75Lakhs at Baner.<br />You yourself think which is the better option:)<br /><br />Currently Hinjewadi is not at all suitable for living with family since nothing is reachable. For every small need, you need to drive to Baner/Wakad/Aundh. <br />It will take at lease 7-8 years more to develop this place and these big society will also take the same time to develop fully. <br /><br />As long as it is not fully developing you won't get any amenities for which they are taking money from you right now.<br /><br />I have seen Magarpatta city. After launch it took around 7 years to develop.<br /><br />Another big problem in staying very big society is the Water problem. When a large number of people staying in same area, water problem start occuring mostly at summer. Society need to buy water from tanker.<br />Same issue is faced by my friend at Magarpatta city. <br /><br />Let BlueRidge/Megapolis quote prices whatever they want to quote, i don't think people's are so fool to book there at such high rates.<br /><br />Anyway BlueRidge/Megapolis prices will be coming down soon as other builders started some good project in Hinjewadi with much less rate, like Air Castel.<br /><br />Also since land is not an issue at Hinjewadi, since it is expanding,it is better to go bit inside of Hinjewadi and check projects/builders who are giving in competitive rates.<br /><br />As per common people prespective rates in BlueRidge/Megapolis should not go beyond 2400psf.<br /><br />Also you might be knowing that Megapolis's builder Avinash Bhosele was arrested by airport agencies for not paying duty. So you can imagine how these builder's are sucking our hard earned money.<br />I request all sensible people and investors that please don't invest your money in these bullshit projects in such high rates.Let them review and decrease their property rate to 2400psf.<br /><br />Pune property rates are coming to saturation since other than IT people don't get such high pay packages.<br />In IT also most of the people get pay pkg between 3 to 6 lakhs. So there are very few people left who can invest. <br />So as long as property price won't come to some reasonable range It people also won't be able to buy it.<br /><br /><br />Now it is better to stay in rented house instead of purchasing.<br /><br /><br />Jai Maharastra, Jai BharatAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-2695983120216623072010-03-10T09:05:35.840+05:302010-03-10T09:05:35.840+05:30Hi Ravi..Iam in process of booking a flat at megap...Hi Ravi..Iam in process of booking a flat at megapolis and went throught the aggrement and some legal documents. I noticed that the land lease is of 95 years and the builder have paid quite a large amount in lease (more than 100 crore). <br />But it is not clear what will happen after 95 years. Iam sure that MIDC will ask for money at that point and would have made some provision onto who will pay the due lease after 95 years. Iam sure it will be society. <br />Do you know how that will work ?<br />Wouldnt that be a extra cost burden each month for each flat holder? How are they going to calculate that. What impact this would have while selling the flat.<br />Have you seen such model anywhere else.<br />I know in expnesive cities like NY its a very common thing since land is expensive.<br /><br />Your comments appriciate.Me Marathinoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-20601784586403134662010-02-15T18:09:06.724+05:302010-02-15T18:09:06.724+05:30Ref: "Please let us know the current status o...Ref: "Please let us know the current status of megapolis...What do you say, if its a good investment..."<br /><br />Sure. i will write a post on the current status. Till then, in short:<br />1) Out of the 3 buildings opened for bookings only 25% flats are available. <br />2) Structure of these buildings have come up to 14-15 floors.<br />3) In a couple of months Megapolis is opening booking of 3 more buildings. <br />4) At this point of time, property rate, up to 11 floors, after discount is Rs. 2800 per sq.ft. <br />5) Certainly, Megapolis is a best investment.Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-13524772455359782922010-02-15T01:51:43.186+05:302010-02-15T01:51:43.186+05:30Hi Ravi,
Please let us know the current status of...Hi Ravi,<br /><br />Please let us know the current status of megapolis...What do you say, if its a good investment...<br /><br />ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-56856304397940005782010-01-26T23:33:31.224+05:302010-01-26T23:33:31.224+05:30Hi Ravi, Thanks for your valuable inputs.
Is ther...Hi Ravi, Thanks for your valuable inputs.<br /><br />Is there any road planned from wakad to hinjewadi phase 3 directly? I have heard there is plane. Is that correct.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-11942634160756658232009-11-18T21:35:13.717+05:302009-11-18T21:35:13.717+05:30Hi Ravi,
I am also looking for FLAT is MEGAPOLIS /...Hi Ravi,<br />I am also looking for FLAT is MEGAPOLIS /BLUE RIDGE. Whats is the progress as Nov 2009. I am following you blogs and they are very helpful. Please tell me about the Megapolis current status.Manishanoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-25402835037948213602009-10-17T01:27:38.489+05:302009-10-17T01:27:38.489+05:30I am sure that this place will be like Hirandani p...I am sure that this place will be like Hirandani powai after 6 yrs. I think development will be fast once TCS Sahyandri starts.Amitnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-33996785751867610502009-10-10T18:19:24.391+05:302009-10-10T18:19:24.391+05:30recently I visited megapolis. the site is definite...recently I visited megapolis. the site is definitely away from city. but it is nicely located to enjoy the nature. it is unique. ravi, the marketing people showd me a paradise to happen. i ask you if these promoters are able to do so? or is it just a fake promise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-20830801236108934782009-08-01T15:39:31.471+05:302009-08-01T15:39:31.471+05:30hi,
i bought a flat in bramha suncity at a high pr...hi,<br />i bought a flat in bramha suncity at a high price.just want to know what is the ongoing price.i bought it for investment but the appreciation is very slow even if its a good project.why is it so?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-28590462024690625952008-10-12T00:09:00.000+05:302008-10-12T00:09:00.000+05:30# ref:"Paranjpe Phase 2 at Rs. 3800 psf "1) Yes, 3...# ref:"Paranjpe Phase 2 at Rs. 3800 psf "<BR/>1) Yes, 3,800 is over priced. So was 3,200!<BR/>2) But is it wise to compare the rate of the property in integrated township with the small township in 'developing neighborhood' of PMC or PCMC, like Wakad? I do not think so. I believe these townships should be compared with the developed area of Pune. For example, Aundh or Kothrud. Why? Because these townships are supposed to develop like these areas. Difference is over the years, these areas develop organically, whereas these townships are planned developments.<BR/>3) Everybody has paid for the development which will happen after few years down the line. Every one knows he is paying more than the current market rate in the nearby area.<BR/>4) If you do not believe in 'promise' then go for the 'present'!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-4529696901311120222008-10-11T23:23:00.000+05:302008-10-11T23:23:00.000+05:30Hi Ravi,I am based in PA, USA. I have recently boo...Hi Ravi,<BR/><BR/>I am based in PA, USA. I have recently booked a flat at Paranjpe Phase 2 at Rs. 3800 psf on 3rd Oct, 2008 (base rate). However, after reading all the comments on your blog I am wondering if I have over paid. As I have paid only Rs 1 lac so far, I am thinking if it might be a better idea to exit before commiting any more money and watch the market for some more time before committing to buy in the project. Based on all the posts I get an impression that anything more than 3200 psf is over priced?Onesthttps://www.blogger.com/profile/16618622531605926512noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-2738340267878296072008-10-01T22:06:00.000+05:302008-10-01T22:06:00.000+05:30@ Pramod, thanks for the comment. I am sure you mu...@ Pramod, thanks for the comment. I am sure you must have subscribed for free to my Ravi Karandeekar's Pune Real Estate Market News Blog.<BR/><BR/># : "4. There is still uncertainty about mall,multiplex veggie market etc in Hinjawadi.<BR/>"<BR/>No there is no uncertainty. These things are planned in Megapolis, visit website.<BR/><BR/># ref: "1. Doesn't IT phase 3 have any impact on the flat prices in future? (as this was nowhere discussed in your blog"<BR/><BR/>Yes, sure! It takes less time to construct IT buildings than residential towers. So gap between demand and supply remains constant: 3 to 1! Even in the economic slow down never comes down to 1 to 1. <BR/><BR/># ref: "2. Will the flat fetch rent during the period 2010 to 2013"<BR/><BR/>Yes! Why not? <BR/><BR/># ref: "is it wise to wait for 6 months more in the anticipation of good rate."<BR/><BR/>I will answer this after 6 months!<BR/>Kidding!! Pramod, i blog on Pune real estate but basically, i am real estate salesman. In last 15 years i have not seen anybody who could exactly "time the rate". Plus i do not see or predicts the future. But i have seen one thing - every one lives his life by his own time table. Means, if this time is right time for you to invest then invest now! Real estate investment is basically long term investment. In the long span, you always get point of times when price comes down or stagnates or increases many fold. But at the end of the minimum period, here it is 7 years, you get good returns on your real estate investments.Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-34097409940696513492008-10-01T20:15:00.000+05:302008-10-01T20:15:00.000+05:30Hi Ravi,I am located in gulf for my employment.But...Hi Ravi,<BR/><BR/>I am located in gulf for my employment.But interested in buying a property in Pune. I came to know about 'Megapolis' from one real estate agent. He said 'Hinjawadi IT phase 3' is under construction and so property will fetch good value in future.<BR/><BR/>My objective of purchasing flat is a pure investments and expect good returns in terms of rent (for some years - say 2-3 yrs) and good resale value thereafter.<BR/><BR/>From your blog I learnt:<BR/>1. This property is located at remote place from Pune city (approx 7-8 km)<BR/>2. 900 flats will be ready by Apr2010 and rest 5800 by yr 2013<BR/>3. Current rates Rs. 3100 - 3300 psf. of Pune city are charged to this project, which are high, but bulders will not let them decrease.<BR/>4. There is still uncertainty about mall,multiplex veggie market etc in Hinjawadi.<BR/><BR/>My queries are:<BR/>1. Doesn't IT phase 3 have any impact on the flat prices in future? (as this was nowhere discussed in your blog)<BR/>2. Will the flat fetch rent during the period 2010 to 2013 (the period where possession will be given but project wii be under construction)<BR/>3. If the answers to above are positive is it wise to wait for 6 months more in the anticipation of good rate.<BR/><BR/>Awaiting your valuable reply.<BR/><BR/>Ragards,<BR/>PramodAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-38097274323289474502008-09-28T11:18:00.000+05:302008-09-28T11:18:00.000+05:30MIDC has given a land to Megapolis on lease for 95...MIDC has given a land to Megapolis on lease for 95 years. I am not sure how many of you are aware of this. Ravi - Please let everyone know this and provide their comments on this...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-23063068811219995092008-09-01T07:54:00.000+05:302008-09-01T07:54:00.000+05:30Hi RaviI read your blog regularly and find it quit...Hi Ravi<BR/><BR/>I read your blog regularly and find it quite interesting . I am out of India for last 8 months . I had booked a 2 BHK flat in Amanor before travelling from India . I have 2 questions regarding it .<BR/>1) How does Amanora compare with respect to Blue Ridge, Nanded City, Megapolis etc ?<BR/>2) What is the current status of completion of Amanora ? I have a doubt that it has got delayed but am not too sure about it .<BR/><BR/>Your help will be highly appreciated . Thanks .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-73819966741580628722008-07-14T14:35:00.000+05:302008-07-14T14:35:00.000+05:30can you please comment on Park Royale Phase II? Ma...can you please comment on Park Royale Phase II? <BR/><BR/>MatthewAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-7715999038951244872008-07-13T14:21:00.000+05:302008-07-13T14:21:00.000+05:30Hi Ravi,If you compare Megapolis with Blue Ridge.....Hi Ravi,<BR/>If you compare Megapolis with Blue Ridge... <BR/><BR/>Blue Ridge is worth buying a flat and settled down. <BR/>This is my personal opinion. My friend bought a flat and it's perfect. <BR/><BR/>PramilaAnonymousnoreply@blogger.com