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Monday, June 9, 2008

Kumar Properties' Park Infinia at Fursungi and Pune real estate dilemma

Romance of Venice, Peace of Zen gardens, Style of Beverly Hills…all at Rs. 2,500 per sq.ft.:

On the morning of 5TH June 2008, the day bookings of Nanded City - Pune were going to open, i saw the full page launch ad of Kumar Properties' Park Infinia. Property rate Rs. 2,500/- per sq.ft. was the special introductory offer. "Booking rate 2,500! Hurray!!!" was my instant response.

2 bhk flat in 31.4 lakhs and 3 bhk flat in 43.6 to 44 lakhs in Pune real estate market was simply a great news. Kumar Properties, leading builder in Pune was offering this was also very important.

Fursungi in Hadapsar may not be that popular residential area toady but the close proximity to S.P Infocity, Hadapsar Khardi IT belt and D. S. Kulkarni Developers' upcoming SEZ at Fursungi makes it an attractive residential as well as investment 'destination', i thought.

When i visited the website of Park Infinia, i did not understand why Kumar Properties was talking about "Romance of Venice, Peace of Zen gardens, Style of Beverly Hills"! 41 acre size, long list of amenities and real estate rate were enough and attractive. Was Kumar Properties was in dilemma because of the not so popular location of Fursungi?

Mont Vert's Dilemma: Affordable or Upmarket:

Not only we, the property buyers, but builders also face real estate dilemmas. Couple of days ago, Manish Kaneria, of Mont Vert Seville at Wakad, told me, only 51 bookings in first 5 hours and above 251 bookings by Sunday evening resolved his dilemma - "Should i make an affordable homes or stick to my niche?" Mont Vert, you know, develops up market, prime properties but they have realized the need of the IT professionals working in Hinjewadi was a quality home in an affordable budget.

Dilemma: Nanded City - Pune or Park Infinia?:

By now, i was completely into Pune real estate 'dilemmas' mode. 'What would be the reaction of the residents of Magarpatta City who had 'invested' in Nanded City at Rs. 2,750/- per sq.ft., which was the special offer only for them?' Dilemma!

Kumar Properties' Park Infinia is located at Fursungi in Hadapsar, close to Magarpatta City! From investment point of view for the residents and for those who work in Magarpatta City, someone may think, Park Infinia would be a lot better opportunity than Nanded City on Sinhagad road. What should i say if somebody asks my opinion?

Pune real estate dilemma:

Mostly, you call me, on my mobile +91 98600 44110, because you are in dilemma. I know, you are using me as sounding board. Because you have to find out your own solutions to your dilemma. Not only to your moral dilemma, but solution to your Pune real estate dilemma is also very personal. Still, it is good to talk to someone. Someone like me! Besides i am 'in the know' (about Pune real estate market), i enjoy talking to you is my big qualification. Have a look at few dilemmas we discussed on my blogs -

1) Should i cancel the booking in Wakad / Balewadi / Baner and book in Kumar Properties' Megapolis?

2) Gated community or Pune City

3) Technopolis, Baner road or Beverly Hills at Pancard Club

4) Gera's Regent Park vs. Supreme Pallacio at Pancard Club, Baner

5) Kumar Properties' Megapolis or Blueridge' 2nd phase - in the comments.

Renting or buying. Pune or suburbs of Mumbai. Kharadi or Hinjewadi. There are lots of dilemmas. No problem. Let us keep talking. Commenting. Discussing Pune real estate market news. Sharing our views. Subscribing to this blog. Forwarding this blog to your friends. Let us make most of this Pune real estate slowdown! Enough of this Pune real estate dilemma. Let us enjoy 'Nelly and Kelly Rowland's Romantic dilemma. Watch world famous video on YouTube:



Posted by Ravi Karandeekar at Monday, June 09, 2008
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