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Saturday, September 19, 2009

Amanora launches second-hand flats business in Pune real estate market

The move coming out of the urgency of selling the apartments in a slumped real estate regime or a business opportunity along with a value-added service for probable customers?

Ad on the front page of Times of India, 18-9-2009:

"At a given time, we have planned for a capacity of buying up to 250 old flats. For this, we have made a provision of approximately Rs 75 crore. The process would work like an inventory where we will buy old flats and sell them off on a regular basis. And through these deals, we expect to generate revenue worth Rs 170 crore from Amanora Park Town"

The bookings are coming in fast:

When asked, if the slump in the real estate sector had promoted the company to start this scheme, Deshpande ( City Corporation managing director Aniruddha Deshpande) said
"No. We had recently announced 300 new apartments in the township out of which, more than 250 have been sold. there are some 2,000 apartments presently under construction and we have sold over 1,200 as of now. And the bookings are coming in fast"
City Corporation is developing a 400-acre township named Amanora Park Town in Pune, which would have 12,000 apartments in different categories. Business Standard

What say you?:

Business Standard thinks that Amanora Eazy Home Switch proves desperation. Aniruddha Deshpande says it's business opportunity and value added service. What say you?

Related Stories:

Amanora Park Town offers real estate investment opportunity for a wild boy Mowgli!

Amanora Trendy Homes - Pre-Launch Offer

Ravi Karandeekar's Pune Real Estate Market News Blog - most popular blogs - August 2009

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  1. These flats should cost not more than 15 lacs. Moreover the areas have no infrastructure and services and are remote.
    The manner is which loot and plunder is going on in real estate in connivance with corrupt mafia and politicians is known to every one. Pune India should boycott brokers and builders completely and stop buying any property for next 2 years in India. This will bring corrupt mafia on their knees. Pl.counter offer for only 50% of current price demanded by landowners and builders. Consumer awareness and consumer movement is only solution for this corrupt country run by criminals, impotent and corrupt.

  2. Hi,

    I bought an 3 BHK apartment at Amanora in Dec 2007. The price that
    time was 3700/sq ft. The total price of the apartment is 59 lacs.
    Recently I came to know about all new schemes that they have
    launched(Trendy Homes and Second Hand Flat etc..)

    I have paid around 13 lacs. Should I go ahead with buying the apartment or cancel it.
    I am worried if I go ahead and if I will not get the appropriate resale value then I will be in a total mess.

    Please advice

  3. I guess in this recession season we should opt for house on rent.This will make the builders come down on thier rates.

  4. This will make the builders come down on thier rates.
    Second Hand Vans