Ravi Karandeekar's Pune Real Estate Market News Blog: April 2010

Thursday, April 29, 2010

Anant Apartment at Warje, Pune - Ramdas Hagavane's first real estate project, 11 Flats of 1 BHK & 2 BHK, is almost ready for possession!

"Ramdas, you will never become a successful builder!"

Ramdas Hagavane of Kothrud (91 94220 01394 / 98813 66216) has more than a dozen trucks. For more than 20 years, he is supplying sand to real estate projects in Pune. All these years, Ramdas used to visit the construction sites. Observe the ongoing construction. Talk to the site engineers and learn as much as he can.

At the same time, Ramdas was purchasing small plots. Mostly, in the upcoming locations of Pune. Because, someday, Ramdas Hagavane wanted to become a builder. A good builder.

Mr. Radas Hagavane, The Builder
(91 94220 01394 / 98813 66216):

Last year, Ramdas Hagavane formed his construction company "Shri Balaji Developers" and started his first project 'Anant Apartment', on 8,000 sq.ft. plot in Sapana Society. A small society of bungalows by the hills, on Viola - Tejovalay - Cipla road in Warje Pune.

Mai Mangeshkar Hospital, Warje, Pune:

More at Warje, Pune:

Lavasa Office in Viola Shopping Complex, Warje, Pune:

Anant Apartment Warje Pune on Google Map:

View Warje Pune in a larger map

From Cipla to Anant Apartment, Warje Pune and
Proposed D. P. Road to Kakde City on Karve Road in Karve Nagar, Kothrud, Pune:

Anant Apartment, Sapana Society, Warje, Pune:

Ramdas appointed a good architect and an experienced civil engineer. From the day one, every morning Ramdas used to come to the site to supervise the construction personally. As and when he needed any advice, his friends - experienced civil engineers and contractors - were always available for him.

Now, Ramdas Hagawane's Anant Apartment is almost ready for possession. Anant Apartment is a single - stand alone - building of three floors with a lift. Out of 11 Flats of 1 BHK & 2 BHK, now, only, eight 2 BHK Flats are available. Property price of Ramdas Hagavane's 2 BHK Flats is in the range of Rs. 35 to 42 lakhs.

Rahul Park from Anant Apartment, Warje, Pune:

Green Service Road at Warje, Pune:

For a while, very proudly, Ramdas invites his experienced civil engineer friends to visit his almost ready possession "Anant Apartment at Warje Pune". After inspecting the project, experienced friends express their satisfaction and pat Ramdas' back for the well done job. However, they have one complaint.

Ramdas has learned how to construct a good building, Ramdas Hagavane's friends say, but he hasn't learned how to become a successful builder. Anant Apartment is not his personal and private bungalow - where Ramdas is going live with his family. Ramdas Hagavane forgot that he was developing a real estate project to sell!

I completely agree with Ramdas Hagavane's friends. If you visit Anant Apartment, i am very much sure, you will also agree with me.

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Wednesday, April 28, 2010

Ram India Group's Unnati Heritage at Market Yard Annexe - Investing in Pune real estate is all about compromise and common sense!

1 BHK & 2 BHK Flats and Shops near Market Yard Pune:

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On Sunday, 18th April 2010, Ram India Group (www.ramindiagroup.com) launched "Unnati Heritage ( - 1 BHK & 2 BHK Apartments and Shops near Market Yard".

The site address of "Unnati Heritage" was - "Near VIIT College, Ganga Dham - Katraj Road, Kondhwa Budruk, Pune". It means that Unnati Heritage was located on the hill top starting from Ganga Dham, near Market Yard and ending at Katraj Kondhwa Road and Upper Indira Nagar and Rajiv Gandhi Nagar at Bibwewadi. My favorite locations and neighborhoods in Pune real estate market. Which, unfortunately, i haven't visited for a long time!

View Kondhwa Budruk - Market Yard & Bibewadi Annexe- Ganga Dham Katraj Road in a larger map

When i was in Pune real estate advertising, i had launched Goel Ganga Group's Ganga Dham and handled the account for more than 3 years. Launching "Purple Castle" in Chaitraban, at the end of Bibwewadi Road, was one of my last assignments in my Pune real estate advertising career. So, when i saw Ram India Group's half page launch ad in Sakal, i was eager to visit Unnati Heritage - "A New Destination of Happiness!"

When i reached the site of Unnati Heritage, around 4 PM, i realized that, i was too late. Thank God! I didn't want to book a flat! At the small booking office, Vikram Agarwal and his colleague were showing the list of bookings to the crowd gathered around them. Requesting the disappointed property buyers to write down their contact details, both of them were promising to get in touch, if some cancellations happened.

I decided to enjoy the moment. For a long time, I haven't attended any wedding reception. So, i enjoyed mingling in the gathering of so many healthy husbands, young "Bhabhis" in the silks and shouting kids.

"Congrats! Sold out in half a day!! How come?," i asked Mr. Vikram Agarwal, when i could manage to reach him.

"Common sense! Near Market Yard you need more than 60 lakhs for a 2 BHK Flat. 1 BHK Flats are not made. Here (at Unnati Heritage), just 2.5 klms from Market Yard, we are offering 1 BHK Flat (557 to 622 saleable) for 20 lakhs (All inclusive property price Rs. 18.90 to 20.86 lakhs - at the property rate of Rs. 2,850 per sq.ft.) and a 2 BHK Flat (841 / 854 saleable) for 28 lakhs! (All inclusive property price Rs. 27.58 - 27.97 lakhs - at the property rate of Rs. 2,850 per sq.ft.) Tomorrow, who knows how far you have to go and how much you have to pay? Book today - common sense! Yes or No?," Mr. Vikram Agarwal said.

"Yes! But common sense is a rare commodity!!," I said.

"That's all (common sense) small trader in Market Yard has! His capital!!," Mr. Agarwal said.

Congratulating him once again, i took Mr. Agarwal's leave. At the corner, actually it's main 'chowk', i realized that, besides common sense, small and big traders in Market Yard have one more thing in abundance - faith and religion! How about experiencing the importance of religion in Pune real estate market, i asked myself and decided to visit neighboring Sri Shanti Nagar, next to Vishwakarma International Center.

It was very kind of my friend, Rakesh Rajapure, sales manager of Sri Shanti Nagar, to order his assistant, Siddhant Gajre, to give me a complete sales talk. Three years ago, when the project was launched, the property rate was Rs.1,650 per sq.ft. and today it is Rs. 3,480 per sq.ft.. Today, for a 2 BHK Flat of 834 carpet + 2 terraces of 13x6 & 9'6"x13'3" at Sri Shanti Nagar you have to pay Rs. 47.6 lakhs.

"Rakesh, what is the secret of your success? How could you book all the flats at these rates, in this location? Shatrunjay Temple? Mahesh Sanskruti Bhavan?," I asked.

"No and Yes. What do you mean by this location?," Rajesh asked me.

"Look around, Rajesh. We are almost in Upper Indira Nagar and Rajiv Gandhi Nagar! Wasn't it a challenge?," i asked him.

"Middle class home buyer knows well how and where to compromise! You know? In Mukund Nagar and Market Yard, you wont get a 2 BHK Flat for less than 70 lakhs! Isn't my project a good compromise?," Rajesh asked.

"Yes Sir! Today, I have learned a lot about investing in Pune real estate market! Here, about 'compromising' and there, at Unnati Heritage, about 'common sense'!," i said and thanked him.

However, i realized that unless you have a look at this neighborhood, you can't understand what's the exact meaning of the "common sense and compromise". So, once again, in an afternoon, i visited Kondhwa Budruk a.k.a. Market Yard annexe a.k.a. Bibwewadi annexe - Ganga Dham - Katraj Road and took some photographs. Please, have a look!

Contact Unnati Heritage:

Sr. No. 63 ( Part 1/2 & Part 2 ),
Near VIIT College,
Gangadham Katraj Road,
Kondhwa Budruk, Pune - 411 048.

Email ID:unnati@ramindiagroup.com

Phone:9850185800

Views of 2.5 Klms Road from Ganga Dham to Unnati Heritage, Kondhwa Budruk (Market Yard Annexe):

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Views of Smt. Laxmibai Pasalkar Chowk, Kondhwa Budruk and Site of Unnati Heritage, The Destination of Happiness:

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Views of Vishwakarma International Center and Sri Shanti Nagar at Smt. Pasalkar Chowk:

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Mayur Nagar and Unnati: Prestigious Luxurious Projects in Smt Pasalkar Chowk at Kondhwa Budruk, Pune:

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Views of Rajiv and Indira Nagar (Upper), Bibwewadi:

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Tuesday, April 27, 2010

Alankapuram at Wadmukhwadi on Alandi Road - Visit to R. K. Lunkad Group's upcoming township of affordable 1 BHK, 2 BHK & 3 BHK Flats and Shops

From Wakad in Aundh annexe to Wadmukhwadi on Alandi Road:

R. K. Lunkad Group (www.lunkadvishwa.com) has come a long way!

In the last ten years, R. K. Lunkad Group has built around 1,600 flats in Aundh annexe, near Hinjewadi - Wakad, Kaspate Wasti, Pimple Saudagar, Rahatani, Pimple Nilakh and all. Mostly, mini township projects of around 100 flats, or, some times, even less. "Timely Possession, good construction quality and reasonable property prices are the "specialties" of Lunkad's "Nisarga" projects," says a member of Indian Real Estate Forum!

And, now, soon, R. K. Lunkad Group will launch "Alankapuram", 9 acre township of 2,000 Flats - 1 BHK, 2 BHK & 3 BHK - and Shops at Wadmukhwadi on Alandi Road!

Rare investment opportunity!

This weekend, when i visited the site of KDS Aangan & KDS Dham, i visited Alankapuram too. My friend, Abhay Firake (http://nucleusint.com/), who is doing an interior of the sample flat, was happy to show me the site.

Abhay thinks that it's too early to show it, Alankapuram site, to anybody and i completely disagree with him, because:

1) Even at this stage of the development, I am sure, you can get a feel of this beautiful site.

2) An opportunity to invest in affordable township - developed by the "known" and "reliable" builder - in "virgin" location in Pune and Pimpri Chinchwad is rare! For example:
1) 2001 - 2002 - Kunal Icon at Rahatani, Aundh annexe - Property rate Rs.700 per sq.ft.
2) 2004 - 2205 - Ganga Constella at Kharadi Pune - Property rate Rs. 950 per sq.ft.
3) 2009 - Celestial City at Ravet, Pradhikaran, PCMC - Property rate Rs. 2,400 per sq.ft.
Am i right? Have a look and get ready!: