All inclusive property prices at Karia Developers' Konark Meadows, at RMC Garden Compound, behind Moze College, Wagholi, Kharadi annexe, Nagar Road, Pune:
1 BHK Flat with open car-park - 753 sq.ft. area - Rs. 23.62 Lakhs (approx)
2 BHK Flat with stilt car-park - 1,205 sq.ft. area - Rs. 38.58 Lakhs (approx)
2 BHK Flat with stilt car-park - 1,256 sq.ft. area - Rs. 40.09 Lakhs (approx)
3 BHK Flat with stilt car-park - 1,512 sq.ft. area - Rs. 47.91 Lakhs (approx)
3 BHK Flat with stilt car-park - 1,564 sq.ft. area - Rs. 49.45 Lakhs (approx)
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| Karia Developers' Konark Meadows - 1 BHK 2 BHK 3 BHK Flats - at RMC Garden Compound - behind Moze College - Wagholi - Kharadi annexe - Nagar Road - Pune - Launch Ad (DNA 7-5-2011) |
Dead Man Dancing....
"I want to invest," I said.
"Welcome, you are at the right place!," the salesman at Konark Meadows - Wagholi answered.
"Yes! I know!! I saw your ad in DNA & told my wife - nothing doing - we must invest in Konark Meadows - Wagholi!," i said.
"Wagholi has a great potential! I am sure, you know that we - Karia Developers - have a long tradition of identifying growth potential of an area and launching projects there - which give tremendous appreciation. For example, Kondhwa....Viman Nagar...& now Wagholi...this is our 3 rd project in Wagholi!," the salesman said.
"3rd? I only know 1! Exotica!!," i replied.
"Exotica is sold out! Now, we are only re-selling - investors' flats - at 3000!," the salesman said.
"3000? Don't tell me! How much is - Konark Meadows?," i said.
"Now, 2,801 per sq.ft.! In the pre-launch it was 2,000!," the salesman said.
"800 rupees appreciation! Means, i missed the bus!!," i said.
"No. Not really! By the time the project is ready the rate will be 3600!," the salesman said.
"When will it be ready?," i asked.
"The entire project will be ready in 3 years!," the salesman said.
"So, 800 rupees appreciation in 3 years. Isn't it less than the pre-launch appreciation?," i asked.
"Yes, because the risk is less and terms are liberal!," the salesman said.
"Means? I didn't get you!," i said.
"In the pre-launch stage - you pay the total cost of the flat - full down payment - we give you maximum benefit because we recover our basic cost - so we are safe - and risk is yours!," the salesman said.
"More the risk more the profit?," i said.
"That's the basic rule of investing! Because of your investments - now - we are safe - we don't have to worry about the slowdown - it doesn't matter much even if the project is stalled for a couple of years!,' the salesman said.
"How come - now - the risk is less? Slowdown...project may be stalled," I asked.
"But, now, you have an option - pay as per the progress of the construction - in installments - without an agreement - save on the stamp duty and registration fees - isn't it safer than making down payment in pre-launch?," the salesman asked.
"Or you can go for an agreement - rope in a bank - share your risk - take a home loan - isn't it very safe?," the salesman said.
" Yes. i will start with an agreement and home loan. But 800 in 3 years is too less," i said.
"3600 is the most moderate estimation! Property prices may go above 4,000. Who knows? Wagholi is the most happening place in Pune real estate market. On one side there is Sanaswadi and Ranjagaon MIDC and on the other IT in Kharadi. Plus, 20 education institutions are coming to Wagholi! Huge potential!! Better than Bangalore! That's why in the last slowdown - real estate prices were stable in Pune!," the salesman said.
"Yes. I agree with you. I am convinced that my investment is safe - the property prices will not go below the current rate. But 800 in 3 years is not that attractive!," i said.
"To please you - I will not paint a rosy picture! Down the line - if you don't get what i have claimed - you will be unhappy - & i will lose you - which i don't want to do - at the same time - you have to remember that - we have to keep the prices affordable to sell the project and earn profit!," the salesman said.
"Yes! I know that the builders are not here to make investors rich!! But, at least, you should assure some fixed - assured - appreciation of our investment!," I said.
"Fixed? Is this a mutual fund? Real estate offers unlimited appreciation! When the project is under construction - investors like you only make our - builder's - position safe! Reduce our risk!! Stabilize the property prices. But don't forget that - after the project is complete - & we are out - you can remain invested - and earn beyond imagination! We sold Viman Nagar for 800 - but do you know the current property rate? It's 5000!," the salesman said.
"OK. I will take long term view. When under construction my money will work for you. After the completion my money will work only for me and i will earn beyond imagination. Agreed. Now, tell me, should i invest in a 1, 2 or 3 BHK?," i said.
"For long term - invest in a 2 BHK or 3 BHK - 1 BHK is good for the short term - buy now & sell the ready possession," the salesman said and showed me the property price list.
"A 2 BHK for 40 & a 3 BHK for 50!? Isn't this too much price for Wagholi? I thought Wagholi is for the low budget property!," i said.
"From Vimannagar to Chandannagar - Did you the see the hoardings on Nagar Road?," the salesman asked.
"Yes! I saw many hoardings," i said.
"What was the message on those hoardings?," the salesman asked.
"What message? Hoardings were about housing projects," i said.
"The hoarding said - if your budget is less than 50 lakhs - go to Wagholi! You know what? Good 2 BHK Flat in Kharadi goes above 65! At Konark Meadows - you can get a 3 BHK in that budget! Wagholi is still affordable - only for a different class!," the salesman said.
"And where will those who have less than 40 lakhs budget for a 2 BHK go? To hell?," i asked.
"Why? They can rent out your 2 BHK Flat for 9,000 per month!," the salesman said.
"Oh! Means, I am an investor and an angel!!," i thought.
Interest Free Funds Wanted!
Sensing slowdown in Pune real estate market, on the occasion of auspicious Akshaya Tritiya, big and small builders in Pune launched the campaign of collecting interest free booking amount and 20% own contribution from the naive property buyers.
Thanks to all local newspapers for helping out the Pune builders by taking extra efforts to print color suppliments. In their thanks giving speech Pune builders say:
Without your help it would have been impossible to tempt the property buyers to shell out their hard earned money for the projects which haven't received all the necessary sanctions.
Thanks for the timely help to catch the property buyers before their eligibilty is reduced because of the double digit home loan interest rates.
Thanks for helping the builders to safeguard their investment in the land. Thanks for providing funds for the site development and constructing sample flat, and if possible, even the foundation and RCC structure!
Thanks for helping the builders to recruit the desparate property buyers who are willing to risk their life by offering interest free funds by investing in Pune real estate market.
Out of many builders in a hurry to collect the interestfree funds form the property buyers, i visited 3 projects this weekend:
1) Paramount Eros, 2 BHK & 3 BHK Flats at Gokulnagar Chowk, on Katraj Kondhwa Road, Pune 411 046
2) Alcon Signare, 2 BHK & 2.5 BHK Flats at Kondhwa Budruk, off NIBM Road, Pune 411 028
3) Karia Builders' Konark Meadows, 1 BHK, 2 BHK, & 3 BHK Flats in RMC Garden Compound, behind Moze College, Wagholi - Kharadi Annexe - on Nangar Road
Visit to Konark Meadows Wagholi - Photo-walk:
View Karia Developers' Konark Meadows, 1 BHK 2 BHK & 3 BHK Flats, at RMC Garden Compound, behind Moze College, Wagholi, Kharadi annexe, Nagar Road, Pune in a larger map
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| Nagar Road at Wagholi, Kharadi annexe, Pune |
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| Shivaji Statue and Wagheshwar Sports Club Wagholi on Nagar Road - Pune |
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| World famous Misal of Bhuleshwa Hotel in Wagholi - Kharadi annexe - on Nagar road, Pune |
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| While son is having facial for 40 rupees, father & mother are waiting in the road side saloon in Wagholi - annexe of Kharadi - on Nagar Road near Pune |
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| Road to Moze College and Solacia, Alfa Paradise, Savnnah, Kanchanpuram, RMC Garden, Karia Developers' Konark Meadows at Wagholi on Nagar Road, Pune |
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| Developments on the road to Moze College, Wagholi, Kharadi annexe, Pune |
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| Wagholi - Wadjai Road - 1) Moze College 2) RMC Garden Compound 3) Karia Developers' Konark Meadows - 1 BHK 2 BHK 3 BHK Flats 4) Kolte Patil Developers' Green Groves 5) Solacia 6) Savnnah and many more projects are on this road in Wagholi, Pune |
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| "Nature" on the way to Karia Developers' Konark Meadows - 1 BHK 2 BHK 3 BHK Flats - at RMC Garden Compound - behind Moze College - Wagholi - Nagar Road - Pune |
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| To Way Boards of Kanchanpuram, Solacia & Green Groves and under construction buildings of Moze College on the road to Karia Developers' Konark Meadows - 1 BHK 2 BHK 3 BHK Flats - at RMC Garden Compound - behind Moze College - Wagholi - Nagar Road - Pune |
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| Bank of Maharashtra - opposite Moze College - to Karia Developers' Konark Meadows - 1 BHK 2 BHK 3 BHK Flats - at RMC Garden Compound - Wagholi - Nagar Road - Pune |
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| Moze College - Karia Developers' Konark Meadows - 1 BHK 2 BHK 3 BHK Flats - is behind it - at RMC Garden Compound - Wagholi - Nagar Road - Pune |
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| Fresh Sugarcane Juice Available on the road to Karia Developers' Konark Meadows, 1 BHK, 2 BHK & 3 BHK Flats, behind Moze College, in RMC Garden Compound, at Wagholi Pune |
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| Road to Karia Developers' Konark Meadows, 1 BHK, 2 BHK & 3 BHK Flats, in RMC Garden, behind Moze College, Wagholi Pune |
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| Ice-candy on the bike on the road to Karia Developers' Konark Meadows, 1 BHK, 2 BHK & 3 BHK Flats, behind Moze College, in RMC Garden Compound, Wagholi, Pune |
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| Road to Karia Developers' Konark Meadows, 1 BHK, 2 BHK & 3 BHK Flats, RMC Garden Compound, behind Moze College, Wagholi, which doesn't have drainage system! |
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| Shri Gajanan Dudh Dairy, opposite RMC Garden Compound, where Karia Developers' Konark Meadows, 1 BHK, 2 BHK & 3 BHK Flats are is located |
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| Main entrance of RMC Garden Compound - Kolte-Patil Developers' Green Groves - Ready Possession 2 BHK 3 BHK 4 BHK Flats & Bungalows - Wagholi - Kharadi Annexe - Nagar Road - Pune; Belvalkar's Solacia & Konark Meadows - are inside! |
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| Chafa at RMC Garden Compound - way to Kolte-Patil Developers' Green Groves - Ready Possession 2 BHK 3 BHK 4 BHK Flats & Bungalows - Wagholi - Kharadi Annexe - Nagar Road - Pune |
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| Internal road of RMC Garden Compound and Kolte-Patil Developers' Green Groves, Wagholi, Pune |
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| Main entrance of Kolte-Patil Developers' Green Groves - Ready Possession 2 BHK 3 BHK 4 BHK Flats & Bungalows - Wagholi - Kharadi Annexe - Nagar Road - Pune |
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| Site of Karia Developers' Konark Meadows - 1 BHK 2 BHK 3 BHK Flats - at RMC Garden Compound - behind Moze College - Wagholi - Nagar Road - Pune |
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| Site and Office of Karia Developers' Konark Meadows 1 BHK 2 BHK 3 BHK Flats at RMC Garden Compound behind Moze College Wagholi Nagar Road Pune |
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| RMC Garden & Savnaah - view from Karia Developers' Konark Meadows behind Moze College in Wagholi on Nagar Road in Pune |
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| View of RMC Garden and Supreme Aangan from the site office of Karia Developers' Konark Meadows Wagholi on Nagar Road in Pune |
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| View of RMC Garden, Supreme Aangan & Solacia from the site office of Karia Developers' Konar Meadows, 1 BHK - 2 BHK & 3 BHK Flats at Wagholi on Nagar Road in Pune |
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| View of Bungalows & Row Houses in Belwalkar's Solacia, from the site of Karia Developers' Konark Meadows, 1 BHK, 2 BHK & 3 BHK Flats in RMC Garden Compound, behind Moze College in Wagholi Pune at Wagholi |
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| View of Karia Developers' site of Konark Meadows in RMC Garden, behind Moze College, at Wagholi, on Nagar Road in Pune |
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| Mr. Gopal (7385469598), The Merchant of Bottled Drinking Water, @ Rs. 40 each, near Karia Developers' Konark Meadows, 1 BHK, 2 BHK & 3 BHK Flats, in RMC Garden Compound, Wagholi Pune |
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| Shivraj Gavali (8055590595) of Eureka Forbes, with the flyer of Aquaguard Total Riviva, Price Rs. 10,990, must in every home in Wagholi Pune |
Related Stories:
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Paranjape Schemes' Blue Ridge Hinjewadi opens booking of 2 new towers of compact 2 BHK & 3 BHK Flats!
2) MONDAY, APRIL 11, 2011
Pre-Launch Offer of KUL Ecoloch Mahalunge Township - real estate and chemical locha!
3) WEDNESDAY, MAY 4, 2011
Want Guaranteed Delayed Possession?
4) MONDAY, APRIL 25, 2011
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5) SUNDAY, MAY 1, 2011
April 2011 - Most popular blogs on Ravi Karandeekar's Pune Real Estate Market News Blog
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Hi,
ReplyDeleteI am a regular reader of your blog and find it very useful. I had a couple of questions hoping you can help with:
1. What is your thoughts on buying an apartment in Pisoli? Do you see this area having a good grown potential?
2. What according to you is the current rate per sq. ft. for a 2BHK flat in Pisoli? Do you see it as having a good appreciation potential?
Thanks,
PM
Hi
ReplyDeleteThis price of Rs.2801 sounds very high compared to solacia's group offer of Rs.2475 per sq ft for HBC.
Hello Shanti! 2475?! Thanks for sharing!
ReplyDeleteDear Pune, thanks for calling. It was nice talking to you!
ReplyDeleteLocation! Location!!
ReplyDeleteHi Ravi,
ReplyDeleteHow is the project of Manav Group (Silver Spring) at Wagholi.
In general, I don't find this Wagholi location very convinent. There is almost 12 KM gap in between where we feel lost from the city.
How is the future of this location ?
Regards,
Prashant
Hi Ravi,
ReplyDeleteHow about the WS developers project in Wagholi, Kasenand?
they are selling 2 BHK @ 18 Lacs, Do you have any idea?
Dear Rohan, please, visit this blog: Pre-launch offers at Wagholi Pune
DeleteHello Sir,
ReplyDeleteI found your blog really helpful. We have visited many projects. We have budget of 45 to 50 Lacs. I want your suggestion on the following points.
1) should we go for under construction projects or ready possession projects.
We have option of Konark Meadows and Kolte Patil Green Groves. Possession will be in next Dec 2013.
2)In ready possession, We have short listed Konark Exotica, Green Groves and Kukreja Heritage in Vishrantwadi.
Please suggest which is best project in these three options in terms of appreciation and area development.
Thanks
Amit
Dear Amit,
ReplyDeleteI live in Vishrantwadi, so adding my two bits of advice. Kukreja Heritage in Vishrantwadi (Dhanori Road) would be a better option locationwise. Easy accessibility to the Airport, Railway Station, all big malls, Shivajinagar. Plus the Dhanori road is being concretized, so infrastructure and locationwise Kukrja Heritage is better. Konark Exotica and Green Groves are too far from the main city centre, plus there would be water problems as it is still not under PMC. Unless you are getting a very good deal or a very spacious apartment, there is no need to go so far out of the city if you can afford an apartment in the city itself. There are also some new projects coming up on Dhanori Road. You may want to check them out before taking a final decision.
kothari group real estate company easily build and create many dream homes, luxury villas, 2, 3 BHK apartments, commercial property, personalized residence in Jaipur, Chennai location.
ReplyDeleteHi,
ReplyDeleteI am planning to buy 1 BHK in Konark medows, Wagholi 36.60 lacks. What do you think about this price. If I invest in the property will it get appreciate.
I already have one loan with SBI from my first home. What do you think about my decision.