Ravi Karandeekar's Pune Real Estate Market News Blog: Now is the time to buy a home!

Gudi Padwa + Service Tax + Home Loan Interest Rates:

Oh! What a great time! At one and the same time, builders in Pune have two most effective sales tools, motivation and threat, at their disposal!

Gudi Padwa, an auspicious occasion - beginning of a New Year, is useful to motivate you to book a flat today.

New service tax and expected rise in home loan interest rates prove useful to threaten you to book a flat today!

Construction Service Tax, expected to be introduced in July, would increase the price of your property by 4 per cent, so better book a flat now!

Higher interest rates would reduce your capacity to get enough home loan to purchase a property of your choice, so better book a flat now!

If this is not enough, then yes, throw in some attractive special offers to tempt you to book a flat now!

So, on this auspicious occasion of Gudi Padwa "DECIDE NOW" was the theme of Times Property and Property Today, supplement of Sakal, popular Marathi newspaper in Pune. Here are some of the projects in Pune real estate market which tried to make the most of this opportunity. Have a look:

1) Signor Hinjewadi - (www.saarrthigroup.com):

Saarrthi Group opened the booking of Signor, 2 BHK (1084 sq.ft. saleable area) & 3 BHK (1336 sq ft. saleable are) Flats at Wakad Hinjewadi Road. "Amenities at Signor will add value to your living., the location of Signor - opposite Orritel Hotel, will help you to balance your work schedule and family commitments, claimed the ad. For the first 25 property buyers, there was an exclusive Gudi Padwa Offer. Hurry!

Click Ad to Enlarge:

2) Ready possession 3 BHK & 4 BHK Row Houses at Mundhwa:

Prestige Panorama is at Keshav Nagar, near Florida Estate, in Mundhwa. The location is close to Nagar Road and Solapur Road. Ready possession 3 BHK & 4 BHK Row Houses are withing your reach, claimed the ad. For more, information call: 020 65228374 / 91 98221 37616.

3) Sobha Carnation, Kondhwa (www.sobhadevelopers.com):

3 BHK / 4 BHK Flats, Duplex & Pent Houses (2,165 to 3,863 sq.ft.) at Sobha Carnation at Kondhwa Pune, are nearing completion - getting ready for possession. Sobha announced special Gudi Padwa offer, 8 % discount on the property rate, if i am correct. To book a site visit call 99756 40000.

4) Swiss County, Thergaon - Wakad Annex (www.ramagroupindia.com):

Huge terraces....symbol of.....what?

"Experience the ultimate luxury and symbol of status - space," says Rama Group's Swiss County ad.

Saleable areas of the 2 BHK Flats in Swiss County, Thergaon - Wakad, are from 1215 to 1350 sq.ft. But if you see the floor plans you will find out that the carpet areas are only around 850 sq.ft. but terraces are really huge, around 300 sq.ft.! It means that the saleable areas look big only because of the huge terraces. That may be the only reason these flats are not yet booked. Now, tell me, is a huge terrace a symbol of status or a symbol of a builder's......?

Throw away your overstuffed 3 piece sofa set!

Saleable ares of the 3 BHK Flats in Swiss County are in the range of 1580 to 1650 sq.ft. Living room of this 3 BHK Flat is 11x18 feet, not enough to fit your overstuffed 3 piece sofa set. So, Rama Group appeals to you to throwaway your overstuffed sofa set and enjoy the available space in the living. Because, not a sofa set but a space is the symbol of a status! Very sweet of Swiss County. Isn't it?

Property rate at Swiss County is Rs.2,800 per sq.ft.

5) Palash 2.0, Wakad Pune (www.palash.javdekars.com):

Breaking News: Invest in Pune real estate market for an assured depreciation of property and your financial loss!

Thanks to Vilas Javdekar Eco Homes for announcing the discount sale of ready possession 2 BHK & 3 BHK Flats, Duplexes in Palash 2.0 Wakad Pune, which are not yet safe for living because you haven't received a completion certificate from Pimpri Chinchwad Municipal Corporation (PCMC).

Your discount sale of ready possession flats in Wakad, proves that investing in Pune real estate market, particularly in Wakad, Balewadi, Baner, Pimple Saudagar is nothing more than financial suicide.

How can an individual real estate investor hope to earn any profit from his investment when a builder who is expert in marketing real estate, has a huge advertising budget, has an experienced team of professional salespersons, finds it difficult to sell his ready possession properties at a loss of Rs. 2.7 to 5 lakh?

6) Pride Platinum, near Pancard Club, Baner, Pune, (www.pridegroup.net):

Get 1 Lakh Rupees discount on 52 Lakh Rupees' 2 BHK Flat!

Thanks to Gudi Padwa!

An auspicious occasion to raise interest free funds for the construction.

Rs. 1 lakh as a booking amount.

Plus, 20% of the agreement cost within 7 days from the booking.

Plus, 45% of the agreement cost as per current stage of the construction.

Collect, around 35 lakh rupees by just giving a discount of Rs.1 lakh!

Which is the next auspicious occasion, in any calendar?

Yes, Chinese would be fine!

7) Vatika at Balewadi (www.vatikahomes.com)

Camel can stand in the living room of your 2 BHK Flat at Vatika, African elephant mom with a cute little baby calf can live happily on your terrace, but can you sleep in the bedroom if you are not a Pygmy?

Thanks to 10 feet clear hight of your flat!

Thanks to 18'6"x13'4.5" = 270 sq.ft. terrace of your 2 BHK Flat, of 710 sq.ft. carpet area, in Jai Building of Vatika at Balewadi, Pune.

But tell me, would you be happy to sleep with your one and only wife in a 10'x12' master bedroom?

Oh! You are planning to sleep in the open and keep on looking at Vatika!! Really?

SUNDAY, OCTOBER 12, 2008

Bhujbal Brothers of Kothrud opens the booking of Vatika, a residential project of garden flats at Balewadi - Baner

8) Pimple Saudagar = Aundh Annexe = New Aundh = Wadhwani Constructions

God Bless God!

Sai Ambience.....Sai Vision...Ganeesham....God Bless God!

9) California, NIBM, Kondhwa (www.ektaworld.com):

Now, bookings are open for Santa Monica, California!

US economy may take another hit; California faces bankruptcy questions

10) Green Zone Baner (www.greenzonepune.com):

Launching today: 34 lakhs (all inclusive) for 2 BHK Flat at Baner

Aditya Shagun Developers' Green Zone at Baner, Pune: Review

11) Gera's GreensVille - SkyVillas -Kharadi (www.skyvillas.gera.in):

Make this Gudi Padwa an occasion you will cherish forever. Book your home and we will pay your stamp duty and registrations costs!

12) Lorelle, 3 BHK Flats at Wakad Pune (www.lorellepune.com):

Topping Pune's "Most Wanted" apartments list - on the most auspicious occasion of Gudi Padwa!

TUESDAY, MAY 12, 2009

Lorelle, Wakad - last few days left to save 3% interest on home loan & to book a flat at the property rate of Rs. 2,500 per sq ft

13) Insignia Brooklands, Villas and Row Houses at Undri, Pune (www.insigniabrooklands.com):

Insignia to offer the complementary membership of The Corinthians Club!

14) Welworth Paradies Pancard Club Baner (www.welworthgroup.com):

Avail Special Gudi Padwa Offer!

1) Welworth Paradise, Near Pancard Club, Baner, Pune consisting of 5 buildings with landscaped garden, beautiful entrance lobby & lifts. The project has well equiped club house, swimming pool, children”s play park & Gymnasium.

2) Every corner of project is designed with perfection & innovation

3) Maximum space utilization with maximum fresh air & natural light

4) 2 BHK Luxurious Flats:

E Building: 660 sq.ft. carpet area + 87 sq.ft. Terrace

E Building: Floor Plans

5) Possession Diwali 2010

6) Amenities and Specifications

7) Contact:
020 2553 0544 /45 & 91 93736 73747
welworthproperties@gmail.com

15) Celestial City Ravet (www.celestialcity.in):

May this Gudi Padwa bring in good fortune with Celestial City Ravet!

16) Greens: 2 BHK & 3 BHK Flats at Wakad Annexe, Opp. Pudumjee Paper Mills, Thergaon, Pune (www.greenspune.com):

Please, visit the site to check out the sample flat

1) Pudmjee & G: Corp - Greens: 7 Towers - P+12 floors - 658 flats of 2 BHK & 3 BHK - on 12 acre plot

2) 2 BHK Flat - 942 / 950 / 958 sq.ft. carpet + 88 / 90 sq.ft. terrace (50%) - Floor Plan

3) 3 BHK Flat - 1199 sq.ft. carpet + 90 sq.ft. terrace (50%) - Floor Plan

4) Contact:
91 90110 33344 / 55
020 6511 2266 / 77 / 99
Email : sales@greenspune.com

17) Nanded City Pune (www.nandedcitypune.com):

This Gudi Padwa choose something heavenly!

Is this a key of a ready possession flat in Nanded City Pune? or is it a Key of the Demo Flat? Or The Key of Solomon? Or The Key of Heaven?

18) Paranjape Schemes (Constructions) Ltd. (www.pscl.in):

This Gudi Padwa invest in excellence!

Means don't only invest in Madhukosh on Sinhagad Road. Invest in Blue Ridge too!

Don't consider that Rs. 3,500 per sq.ft. property rate is good for a small project of 600 flats on Sinhagad Road. Be sure that it's equally good property rate for the 140 acre integrated township at Hinjewadi which has a private boat club, yes, have a look at the photo album!

It means Paranjape Schemes' all projects are as excellent as Madhukosh!

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 3 minutes!) Call +919860044110

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8 comments:

deepTuesday, March 16, 2010 at 5:43:00 PM GMT+5:30
"Construction Service Tax, expected to be introduced in July, would
increase the price of your property by 4 per cent, so better book a
flat now!"
i booked a flat last month at tata inora, does it mean that all the flats booked before jul would be exempt from service tax...???
Ravi KarandeekarTuesday, March 16, 2010 at 6:16:00 PM GMT+5:30
Better be prepared to pay the service tax. It is "expected" - only a wish. Convenient wish. If it happens good, not better - at least this wish will help to push sale in these months.
AnonymousWednesday, March 17, 2010 at 4:06:00 PM GMT+5:30
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.

We can get more good house in Baner/Aundh itself in this rate, which is well connected.
3 BHK in BlueRidge is costing arond 67Lakhs while i'm getting Rowhouse in 75Lakhs at Baner.
You yourself think which is the better option:)

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.
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.

As long as it is not fully developing you won't get any amenities for which they are taking money from you right now.

I have seen Magarpatta city. After launch it took around 7 years to develop.

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.
Same issue is faced by my friend at Magarpatta city.

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.

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.

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.

As per common people prespective rates in BlueRidge/Megapolis should not go beyond 2400psf.

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.
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.

Pune property rates are coming to saturation since other than IT people don't get such high pay packages.
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.
So as long as property price won't come to some reasonable range It people also won't be able to buy it.

Now it is better to stay in rented house instead of purchasing.

Jai Maharastra, Jai Bharat
AnonymousThursday, March 18, 2010 at 4:59:00 AM GMT+5:30
Comparing 'Air castle' with 'Blue ridge' is like comparing orange with a Watermelon. The only reason behind this comparison is that they are both are selling on the same cart (Hinjewadi), by the same vendor (Builder).

As I see, Air castle @2500 is no different from the Blue ridge @3500. Some one may feel that Br is costly at this rate. And some may feel Air castle is no deal @2500. It is two different products at two different prices. I will not say as which one is a better option. that is an individual choice.

But I am not saying that BR@3500 is a good option. This is a market driven price. Last month BR did grp booking @2900. Other day it can come down or go up.. but still I will not compare BR with air castle. Please check the location, check the plan, amenities, builder, size. Can you help me in counting few things that are making them comparable. apart from same area name i.e. Hinjewadi
AnonymousMonday, March 22, 2010 at 12:08:00 PM GMT+5:30
It is really rediculus that BlueRidge builder is asking such high rates for his so called name/fame.

Currently hinjewadi is not at all suitable for living with family. Who will give such high rate of 3500psf in this bare land, while you are getting good projects in Baner @3200psf.

Hinjewadi will take atlest 6-7 years to develop(that too we don't know), while Baner is already developed considerably.

If you wish to invest in Hinjewadi then be careful to invest in such high rates, since i can guarantee, there would be no appreciation of your money and property rate will be same even after years.

In my openion in BlueRidge/Megapolis prices should not be more than 1800-2000psf that too since they are providing amenities and it is a big township.
Also keep in mind that there are lot of chances of failure of big townships projects, if property is not booked because of high rates.

Prices at Hinjewadi is never going to rise much since expansion is hapenning and more good and developing area's are already present.

Like Aundh is saturated and there is no scope of expansion. But if you see area like Wakad, Baner, Balewadi, Pimple Saudagar, Kalewadi, these are now growing since they are adjacent to Aundh.
But Hinjewadi is currently out of this race, as long as above said areas not developed/saturated, no one is going to come to Hinjewadi to live because a family man can not see only office, he need to see his wife's office, good school, good college, good shops and malls and many more things.

Those who already booked at high rates are already in the grip of builder and you are gone, just see when this project will complete and how much property appreciation you get :)

But who still did not booked just think and decide. Fearlessly talk to builder for your price, if they don't agree just walk out and look for some good projects in Wakad/ Baner/ Balewadi/ Pimple Saudagar etc.
AnonymousWednesday, March 24, 2010 at 3:10:00 PM GMT+5:30
Hi Ravi,

Please write more information about small to medium builders who sell 2 BHK flats cost around 22 to 25 lakh.. Most of the bigger builders give large gallery which is a waste of living space and charge a lot for the garden and the club house which one rarely uses or does not use at all.This type of information will help people who want to buy a budget flat..

The big builders and schemes are only good for people who have 2 -3 sources of income and do not have any dependents.. The foolish IT public can happily buy houses in wakad and baner what about common people and people with less incomes. At current costs it seems like people with less income will have to shift to janta vasahat or zopadpatti area. as even renting a home is getting out of question.

If you blog about the right builders who sell at right cost ( not inflated ) it will do yeoman service. When you write about the large builders we somethimes feel that they are paying you for advertising their scheme and you are their sales agent..

Please help common people and genuine buyers in pune.
Ravi KarandeekarWednesday, March 24, 2010 at 5:12:00 PM GMT+5:30
Ref: "Please write more information about small to medium builders who sell 2 BHK flats cost around 22 to 25 lakh.. "

Thanks for the suggestion! If you hadn't written the last paragraph, i would have taken you more seriously.
AmardeepMonday, May 6, 2013 at 3:23:00 AM GMT+5:30
Hello Ravi,

Firstly let me appreciate you for your blog. It definitely provides a sneak peak in the property outburst in Pune specially for outsiders.

It would be interesting if you could write something about Land plots. And how legitimate are these NA Plots around the periphery of Pune.

Pages

Tuesday, March 16, 2010

Now is the time to buy a home!

Gudi Padwa + Service Tax + Home Loan Interest Rates:

1) Signor Hinjewadi - (www.saarrthigroup.com):

2) Ready possession 3 BHK & 4 BHK Row Houses at Mundhwa:

3) Sobha Carnation, Kondhwa (www.sobhadevelopers.com):

4) Swiss County, Thergaon - Wakad Annex (www.ramagroupindia.com):

5) Palash 2.0, Wakad Pune (www.palash.javdekars.com):

Related Stories:

6) Pride Platinum, near Pancard Club, Baner, Pune, (www.pridegroup.net):

Related Stories:

7) Vatika at Balewadi (www.vatikahomes.com)

Related Story:

8) Pimple Saudagar = Aundh Annexe = New Aundh = Wadhwani Constructions

9) California, NIBM, Kondhwa (www.ektaworld.com):

US economy may take another hit; California faces bankruptcy questions

10) Green Zone Baner (www.greenzonepune.com):

11) Gera's GreensVille - SkyVillas -Kharadi (www.skyvillas.gera.in):

12) Lorelle, 3 BHK Flats at Wakad Pune (www.lorellepune.com):

Related Story:

13) Insignia Brooklands, Villas and Row Houses at Undri, Pune (www.insigniabrooklands.com):

14) Welworth Paradies Pancard Club Baner (www.welworthgroup.com):

15) Celestial City Ravet (www.celestialcity.in):

Related Stories:

16) Greens: 2 BHK & 3 BHK Flats at Wakad Annexe, Opp. Pudumjee Paper Mills, Thergaon, Pune (www.greenspune.com):

17) Nanded City Pune (www.nandedcitypune.com):

18) Paranjape Schemes (Constructions) Ltd. (www.pscl.in):

Related Stories:

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