Ravi Karandeekar's Pune Real Estate Market News Blog: January 2011

Monday, January 31, 2011

Pristine Pacific - 1 BHK & 2 BHK Flats at Ambegaon Budruk - Katraj Pune 411 046 Launched!

Pristine Pacific -1 BHK & 2 BHK Flats at Ambegaon - Katraj Pune - 411 046
(Page 2 of 2 Full Pages Lunch Ad on 29-1-2011)

1 BHK Flat - 441 / 442 sq.ft. carpet area + Terrace:
Rs. 25.19 Lakhs (approx) up-to Rs. 25.86 Lakhs (approx)
+ Legal Charges Rs. 7,000 + VAT + Service Tax + Maintenance Rs. 2 per sq.ft. per month for 24 months

2 BHK Flat - 656 / 659 sq.ft. carpet area + Terrace:
Rs. 36.81 (approx) up-to Rs. 38.68 Lakhs (approx)
+ Legal Charges Rs. 7,000 + VAT + Service Tax + Maintenance Rs. 2 per sq.ft. per month for 24 months

Last figure will be rounded off to the next 500 Rs.

Pristine Pacific -1 BHK & 2 BHK Flats at Ambegaon - Katraj Pune - 411 046
(Page 1 of 2 Full Pages Lunch Ad on 29-1-2011)

Pristine Pacific Ambegaon Budruk is a big hit!

I completely disagree with the sales executive of Pristine Pacific (www.pristinepacific.com) at Ambegaon Budruk, Katraj, Pune 411 046. Launch of Pristine Pacific is not a flop show. It's a big hit. As big as it can be. In Ambegaon Budruk.

The launch of Pristine Pacific Abegaon Budruk is as "big hit" as any recently launched project - which offers a 1 BHK Flat for Rs. 26 Lakhs & a 2 BHK Flat for Rs. 38.5 Lakhs - in any Gram Panchayat. Bavdhan Burduk. Undri. Fursungi. Manjri. Chakan. Vadgaon. Bavdhan. Sus. Bhugaon. And even in Wagholi. I told him.

But he, the sales executive at Pristine Pacific Ambegaon Budruk, refused to agree with me! You know why? Because, last weekend he has booked 350 flats in Wagholi. In some other project of his company, Pristine Properties. I asked him, "Really? Which project in Wagholi?"

"Neo City Wagholi!," the sales executive said.

"At Neo City Wagholi property rates were low. Total property price was affordable," I said.

"Low rates! How many booked at the launch rate? Total property price was not that less. But people went on booking and, at the end of the day, we collected more than 300 cheques! Nothing like that here!," he said and added,"Yesterday, we extended the launch offer - which was only for the first 25 bookings!"

"Good! For how many bookings?," i asked.

"I don't know. But, if you want to book, give your cheque in the next 2 - 3 days!," he said.

"What's the booking amount?," i asked him.

"Booking amount minimum Rs. 2,51,000/-," pointing at the property price list, the sale executive at Pristine Pacific said and added, "Book only if you can give 20% of the agreement cost in the next 20 days!"

The sales executive at Pristine Pacific Ambegaon Budruk hasn't understood his boss. His boss is not in a hurry. Looking at the site development, planning and pricing, i am convinced that the builder of Pristine Pacific is completely aware about the true state of Pune real estate market. He will not hesitate to extend the launch offer to 25 days....or who knows? May be to 25 months! He believes in "Peace, Nature & Future...."

View Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 in a larger map

www.pristinepacific.com is under construction! Visit again!! Why? - Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046

www.pristinepacific.com is under construction! Visit again!! - Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - Site office & sample flat from Katraj Narhe Road!

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - site office and sample flat of Pristine Pacific and Ceratec

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - Welcome to Pristine Pacific!

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - Narhe Katraj Road at the entrance of Pristine Pacific

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - Narhe Katraj Road - To Lake Vista, via Datta-Nagar Chowk

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - Katraj Narhe Road & river

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - cement road to the site

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - Relicon Garden Grove, neighbor

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - plot layout

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - 1) Ram-Nagari, adjoining project 2) Upcoming phase 3) D Building - Booking Open!

Visit to Pristine Pacific - 1 BHK & 2 BHK Flats in Datta-Nagar, Ambegaon Budruk - Katraj, Pune 411 046 - View of the site, from the sample flat. Phase 1, Main entrance & Mumbai Bangalore Bypass

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Friday, January 28, 2011

Property Prices of Regency Cosmos - almost ready possession 3 BHK Flats - on Baner Road, Pune 411 045

Did you visit the sample flat and the site of Regency Cosmos - almost ready possession 3 BHK Flats - on Baner Road, Pune 411 045?

Regency Cosmos Baner Pune (22-1-2011)

Other day, when i was in Baner, I visited Regency Cosmos (www.regencygroup.co.in). I was curious to visit the "finished" 3 BHK Sample Flat and to find out about the response to their ads.

The builders of Regency Cosmos Baner, Aum Regency Housing, SPV of Regency Group and Aum Group, didn't release the typical full page "Launching Today" type ad. Not only that, in the ad, there was not even a hint about the "construction status" of Regency Cosmos Baner.

Builder opening booking when the 70% project is constructed is quite an unusual incident in Pune real estate market. So 'construction status of Regency Cosmos Baner' must be a big surprise for the visiting property buyers. Finishing and the floor plan of the actual 3 BHK Sample Flat, full swing construction activities at the site and possibility of getting possession in 6 months time, for sure, must be quite tempting for them to book instantly.

Flower bed in Regency Cosmos, Almost Ready for Possession 3 BHK Flats in Baner, Pune 411 0453 BHK Flats

Compound wall of Regency Cosmos, Almost Ready for Possession 3 BHK Flats in Baner, Pune 411 045

You know what? Regency Cosmos Baner had one surprise for me too! The complete property price list of Regency Cosmos Baner! Little worried and somewhat curious, i asked Vishal (98220 14321), sales manager of Regency Cosmos Baner, "What do you do first? Show the sample flat or talk about the property prices?"

Very casually, Vishal said, "Whatever property buyer prefers! This is not his first flat. He has visited all projects in Baner. So, my buyer is well informed and completely aware"

"'Completely aware' - of what? The stress and suffering in booking a flat at the 'launch stage' - before the construction begins?," i asked.

"Yes! Now, they are not looking for an adventure. They are aware about their 'self-worth' - as well as - the worth of my property!"

Location of Regency Cosmos Baner Pune 411 045 on the Google Maps:

View Regency Cosmos Almost Ready Possession 3 BHK Flats on Baner Road Pune in a larger map

Contact Regency Cosmos Baner Pune 411 045:

Regency Cosmos Almost Ready Possession 3 BHK Flats at Baner Pune Contacts for Booking

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Thursday, January 27, 2011

Megapolis Hinjewadi Phase 3 on 26th January 2011

Republic Day of India:

Yesterday, I visited Megapolis (www.megapolis.co.in), 150 acre township in the third phase of Rajiv Gandhi Infotech Park at Hinjewadi, Pune 411 057. Yesterday was an Indian Republic Day is only a coincidence. Neither I wanted to prove that Indians can visit any part of India. Nor i wanted to host a flag.

I visited Megapolis only because i enjoy walking and looking at Megapolis Smart Homes and 21 story towers of Sangria. Particularly, in the evening. Have a look:

3 Acre Recreational Ground - between Sunway Megapolis Smart Homes 2 and the dividing road - for Megapolis Smart Homes 1,2,& 3 - Megapolis on 26th January 2011

3 Acre Recreational Ground for Megapolis Smart Homes 1, 2, & 3 - located between Sunway Megapolis Smart Homes 2 and the dividing road - Megapolis on 26th January 2011

A 4 Building of Sunway - Megapolis Smart Homes 2 - Megapolis on 26th January 2011

Tata Consultancy Services and Sunway - Megapolis Smart Homes 2 share common compound wall! - Megapolis on 26th January 2011

Recreational Ground, Sunway Megapolis Smart Homes 2, TCS, & Tech Mahindra - Megapolis on 26th January 2011

Megapolis Smart Homes 1 - A 19 - A 21 Towers - Megapolis on 26th January 2011

Megapolis Smart Homes 1 - A19 - A 21 Towers - Megapolis on 26th January 2011

Megapolis Smart Homes 1 - A 4 - A 5 A 6 Towers - Megapolis on 26th January 2011

Megapolis Smart Homes 1 - A4 to A 6 & A 3 TO A 19 Towers - Megapolis on 26th January 2011

Rajiv Gandhi Infotech Park Phase 1 Hinjewadi, 40 meter wide road and Megpolis Smart Homes 1 - Megapolis on 26th January 2011

21 Story Sangria Megapolis - B & C Towers - Megapolis on 26th January 2011

Balconies of Sangria Megapolis - Megapolis on 26th January 2011

Rajiv Gandhi Infotech Park Phase 3 Hinjewadi Pune 411 057 and Megapolis Smart Homes 1 & TCS - Megapolis on 26th January 2011

Grand Entrance & Ramp of Sangria - Megapolis and Megapolis Smart Homes 1 & TCS - Megapolis on 26th January 2011

Megapolis Smart Homes 1 & Sangria Megapolis - Megapolis on 26th January 2011

Sangria Megapolis and Man Road - Megapolis on 26th January 2011

From Man to Baner Road - Megapolis on 26th January 2011

Megapolis is surrounded by reserved forest - Megapolis on 26th January 2011

Flowers and Towers of Sangria Megapolis from Man Road - Megapolis on 26th January 2011

Podium of E Tower of Sangria, Megapolis Smart Homes 1 & 3 and TCS - Megapolis on 26th January 2011

Podium of E Tower of Sangria, Megapolis Smart Homes 1 & 2 and TCS - Megapolis on 26th January 2011

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PROFEST 2011, 28th to 30th January 2011, SSPMS Ground, Pune 411 001

CREDAI PUNE Presents "PROFEST 2011", Pune's Mega Property Fair, on 28th to 30th January 2011 - 10 am to 8 pm - at SSPMS Ground, near Le Meridien, Pune 411 001:

PROFEST 2011

Venue: SSPMS Ground, near Le Meridien, next to RTO, Pune 411 001:

View SSPMS Ground, near Le Méridien Pune 411 001 in a larger map

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Wednesday, January 26, 2011

Be prepared to shell out double digit interest rates soon

Planning to take a home loan? Be prepared to shell out double digit interest rates soon. Lenders say it’s only a matter of time before they are forced to pass on higher cost of funds to borrowers after the Reserve Bank of India increased key policy rates by 25 basis points on Tuesday.

Deepak Parekh, HDFC

The rate hike, the seventh successive one since January 2010, is aimed at controlling inflation which the RBI described as a “dominant concern”. The rate of inflation as measured by the wholesale price index is now forecast to be at 7% by end-March, much higher than the original estimate of 5%.

At present, new borrowers get loans at close to 9.5%. But borrowers who have availed of home loans around five years back are already paying over 12% following successive increases in prime lending rates.

The increase in policy rates may seem modest. But banks are already in deficit mode and borrowing over Rs 1 lakh crore from RBI on a daily basis. “The liquidity situation is very tight and the cost of funds has gone up for all. Interest rates on home loans would also go up to double digits,” said HDFC chairman Deepak Parekh. He pointed out that top corporates were already borrowing at 10% and more.

Higher interest rates should be good news for depositors, though their enthusiasm for fixed deposits is likely to wane since inflationary expectations could discourage savings. However, rising interest rates could restrain real estate prices in the medium term by tempering demand.
Home loan rates set to move into double digits

Tuesday, January 25, 2011

Available! 3 BHK & 4 BHK Duplex, 3 BHK Row House, Ready Possession 2 BHK & 3 BHK Flats, & Early Possession 2 BHK Flat for Rs. 42 Lakhs in Ram Indu Park, Baner, Pune 411 045!!

Alliance Belair - Immediate Possession! 2 BHK & 3 BHK Flats in Ram Indu Park - Real estate on Baner Road Pune

Ram Indu Park, Baner, Pune 411 045 - Part 2:

I wanted to see more! Spend more time in Ram Indu Park, Baner. Visit to the site of A J Serene - 3 BHK & 4 BHK Duplex - was not enough for me. I was enjoying walking in the tree-lined lane. Looking at the vacant plots. Loving the company of lonely bungalows. I had almost forgotten about the banks and offices on the main Baner Road - which will be soon completely urbanized with a footpath and a cycle track. Nearly at the center of the main lane i saw a couple of more sign boards. Happily i accepted their invitation. And visited Alliance BelAir, Paradigam Emerald and Berrys Avenue.

View Alliance BelAir & Paradigm Emerald in Ram Indu Park Baner Pune 411 045 in a larger map

Prabhavi Tech Park and commercial complexes on Baner Road, Pune 411 045

Soon, you can walk and cycle on Baner Road, Pune!

Now, Baner Road has a footpath!

Ram Indu Park in Baner Pune 411 045 is also famous for Saplings Nursery and Day Care!

'Ranjeet Villa', Ram Indu Park, Baner, Pune 411 045

A bungalow in Ram Indu Park, Baner, Pune 411 045

Way to Alliance BelAir (& Paradigm Emerald) in Ram Indu Park, Baner, Pune 411 045

A lane of Paradigm Emerald & Alliance BelAir in Ram Indu Park Baner Pune 411 045

To Paradigm Emerald & Alliance BelAir, Ram Indu Park, Baner, Pune 411 045

Tata Nano in Ram Indu Park, Baner, Pune

Mithila Residency, Ram Indu Park, Baner, Pune 411 045

Paradigm Emerald - Early possession - Compact 2 BHK Flats for (approx) Rs. 42 Lakhs:

Paradigm Emerald, Early Possession - Compact 2 BHK Flats, Ram Indu Park, Baner, Pune 411 045 -

Paradigm Emerald, Early Possession - Compact 2 BHK Flats, Ram Indu Park, Baner, Pune 411 045

Paradigam Emerald has parking + 5 stories. All 2 BHK Flats. 2 on each floor. Total 10 flats. All flats have the same carpet area. But there is no area statement in the brochure. May be because, Paradigam Developers Pvt. Ltd. - the builder of Paradigm Emerald - is from Mumbai. Thank god! These Mumbai builders at least give room dimensions! Which are - Living 10 feet 6 inches x 15 feet 3 inches. Kitchen cum dining 7 feet 10 inches x 12 feet. Dry balcony 9 feet 4 inches x 4 feet 7 inches / 5 feet 5 inches on 2nd & 4th floor. Master Bedroom 9 feet 10 inches x 12 feet with attached toilet 5 feet x 8 feet. Second Bedroom 9 feet 10 inches x 11 feet. Common toilet 5 feet x 5 feet 9 inches. On 1st, 3rd & 5th floors terrace is attached to the 2nd bedroom - not to the master bedroom. Livings of the flats on the 2nd & 4th floors have an attached terrace - 11 feet 6 inches x 7 feet 3 inches.

External plastering of Paradigm Emerald would be complete when you will visit the site. However, you will get possession, approximately, in August 2011. Only after Paradigm Emerald receives "occupation certificate" - completion certificate - from the PMC.

The watchman at the site of Paradigm Emerald will show you the flat, will give you the brochure and right down your contact details. The builder will meet you when he will be in Pune, next time. If you want to contact him, call 98920 33369 / 99675 53369. The builder, Paradigm Developers, will tell you that a couple of 2 BHK flats are available. At the all inclusive property price of, approximately, Rs. 42 lakhs.

Mithila Residency Row Houses from Paradigm Emerald, Early Possession - Compact 2 BHK Flats, Ram Indu Park, Baner, Pune 411 045

Neighbors of Paradigm Emerald, Early Possession - Compact 2 BHK Flats, Ram Indu Park, Baner, Pune 411 045 and a way to Alliance BelAir!

Alliance BelAir - Ready Possession 2 BHK (Approx Rs. 53 Lakhs) & 3 BHK (Approx Rs. 73 Lakhs) Flats:

Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Spacious Terraces of Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Unique Triangular Terraces of Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Spacious kitchen cum dining in Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Large windows in Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Low rise neighborhood of Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Kitchen platform and the door of dry terrace in the 2 BHK Flat of Alliance BellAir - Ready Possession Flats - in Ram Indu Park, Baner, Pune 411 045

Paradigm Emerald from the triangular terrace in Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Largest Dry Terrace in the World is at Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Every flat has a safety door! Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Mr. Vijay, Watchman of Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Mr. Vijay, The Watchman of Alliance BellAir - Ready Possession 2 BHK & 3 BHK Flats - in Ram Indu Park, Baner, Pune 411 045

Alliance BelAir (www.alliancegroup.info) is just behind Paradigm Emerald in Ram Indu Park. The freshly pained five story building of Alliance BelAir was looking quite huge and attractive. And very different too. May be because of the terraces. Which were looking quite huge and open. As if the architect was given a free hand to use maximum possible available space for the terraces, without bothering about the shape. Surprisingly, from outside those terraces looked very attractive to me. I felt that these terraces were not only adding to the builder's profit but great value to the flat too. The terraces had given a unique personality to the project. So, i was curious to visit the flat and find out.

Vijay, the watchman of Alliance BelAir told me that only two flats are available for booking. One each of 2 BHK (777 / 772 sq.ft. carpet area + terrace - approx property price Rs. 53 Lakhs) & 3 BHK (1097 / 1098 sq.ft. carpet area + terrace - approx property price Rs. 73 Lakhs). We took a lift to the second floor. There were 3 flats on each floor of Alliance BelAir. One of 3 BHK & tow flats of 2 BHK. Every flat comes with the safety door.

The living - kitchen - dining of both types of flats looks very huge. Actually, the size was not that huge, but because of the layout of the flat, huge attached terraces and ample light coming form the huge windows made the flat look huge. Same about the bedroom. The 2 BHK Flat in Alliance BelAir had 11 feet x 15 feet bedroom and the 3 BHK Flat had 11 feet x 14 feet bedroom - but all looked bigger than their actual size! Terraces, particularly, the triangular shape terrace looked very interesting.

In short, the kind of uniqueness you expect in a stand alone single building project was there. i found these flats very relaxed, completely open and very friendly. Vijay the watchman of Alliance BelAir was also friendly. He gave me these contact numbers for booking: 9823079076 / 9422001361 and an email id: sanjaypatel1975@gmail.com khrathi64@rediffmail.com

Brochure of Alliance BelAir - Ready Possession - 2 BHK & 3 BHK Flats in Ram Indu Park, Baner, Pune 411 045:

Berry's Avenue - A 3 BHK Row House for approx Rs. 81 Lakhs in Ram Indu Park, Baner, Pune 411 045:

By the time I reached Berry's Avenue in Ram Indu Park, i have accepted that this place has changed a lot. Anymore, it is not a nursery of love. Now, it has become an orchard. Now, here love not only blossoms but gives fruits too. So, having a row house, the last 3 BHK row house for approx Rs. 81 lakhs, in front of "Divine Hearts" - Preschool & Day Home - matters a lot. Love is beautiful - in any form!

Divine Hearts: Preschool, Day Home, Activity Home, Mom N Me Club in Berry's Avenue, Ram Indu Park, Baner, Pune 411045

Berry's Avenue -Last one 3 BHK Row House is available for (approx) Rs. 81 Lakhs!

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Monday, January 31, 2011

Pristine Pacific - 1 BHK & 2 BHK Flats at Ambegaon Budruk - Katraj Pune 411 046 Launched!

Pristine Pacific Ambegaon Budruk is a big hit!

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Friday, January 28, 2011

Property Prices of Regency Cosmos - almost ready possession 3 BHK Flats - on Baner Road, Pune 411 045

Did you visit the sample flat and the site of Regency Cosmos - almost ready possession 3 BHK Flats - on Baner Road, Pune 411 045?

Location of Regency Cosmos Baner Pune 411 045 on the Google Maps:

Contact Regency Cosmos Baner Pune 411 045:

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Thursday, January 27, 2011

Megapolis Hinjewadi Phase 3 on 26th January 2011

Republic Day of India:

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PROFEST 2011, 28th to 30th January 2011, SSPMS Ground, Pune 411 001

CREDAI PUNE Presents "PROFEST 2011", Pune's Mega Property Fair, on 28th to 30th January 2011 - 10 am to 8 pm - at SSPMS Ground, near Le Meridien, Pune 411 001:

Venue: SSPMS Ground, near Le Meridien, next to RTO, Pune 411 001:

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Wednesday, January 26, 2011

Be prepared to shell out double digit interest rates soon

Tuesday, January 25, 2011

Available! 3 BHK & 4 BHK Duplex, 3 BHK Row House, Ready Possession 2 BHK & 3 BHK Flats, & Early Possession 2 BHK Flat for Rs. 42 Lakhs in Ram Indu Park, Baner, Pune 411 045!!

Ram Indu Park, Baner, Pune 411 045 - Part 2:

Paradigm Emerald - Early possession - Compact 2 BHK Flats for (approx) Rs. 42 Lakhs:

Alliance BelAir - Ready Possession 2 BHK (Approx Rs. 53 Lakhs) & 3 BHK (Approx Rs. 73 Lakhs) Flats:

Brochure of Alliance BelAir - Ready Possession - 2 BHK & 3 BHK Flats in Ram Indu Park, Baner, Pune 411 045:

Berry's Avenue - A 3 BHK Row House for approx Rs. 81 Lakhs in Ram Indu Park, Baner, Pune 411 045:

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