Ravi Karandeekar's Pune Real Estate Market News Blog: Visit to a zoo

Wednesday, January 9, 2013

Visit to a zoo

Ms. Ashlesha Paranjape of Estate Mint (www.estatemint.com) on Gruhapravesh 2013, Pune Property Exhibition, organized by IndiaProperty.com:

Ms. Ashlesha Paranjape of Estate Mint - Gruhapravesh 2013 by IndiaProperty.com - 4, 5 & 6th January 2013

A Cosmic Disconnect Between Builders & Property Buyers in Pune:

There was always a gap between the builders & property buyers in Pune. Recently this gap has started widening - and day by day - this gap is becoming huge.

Around 40 per cent property buyers working in IT, have a budget of Rs. 30 to 50 Lakh for a 2 BHK Flat. And around 20 per cent have 60 to 70 Lakh for a 3 BHK Flat. Obviously, in this part of Pune, their preferred location is near Hinjewadi.

But builders in Hinjewadi side of Pune offer them a 2 BHK Flat for 60 - 70 Lakh and a 3 BHK Flat for Rs. 70 to 90 Lakh.

Because of this wide gap between the property buyer's budget and builder's asking property price, most of the property buyers who visited Gruhapravesh 2013 were moving around as if they are visiting some zoo. A zoo of stuffed animals. There was no life in these animals and there was no excitement in these visitors.

However, a few stalls which were offering "Proposed N A Plots" managed to bring some expressions on the blank faces of these property buyers.

Though the offers of these "Proposed N. A." plotting schemes were based on assumptions and pretensions, at least, there was less gap between the offer and demand.

What say you?
Do you agree with Ashlesha Paranjape of Estate Mint?
Is there a wide gap between your budget and builder's offer?
Do you find these property exhibitions useless?

Share your views in the comments, please.

View Pune Property Exhibition - Gruhapravesh 2013 by IndiaProperty.com in a larger map

Gruhapravesh 2013 by IndiaProperty.com - 4, 5 & 6th January 2013

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15 comments:

KunalWednesday, January 9, 2013 at 10:41:00 AM GMT+5:30
Ravi Sir,

What are your thoughts on Sunder Sanskruti of Dharmavat Group at Sinhagad Road?
Is it worth buying there?

THanks,
Kunal

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UnknownWednesday, January 9, 2013 at 1:16:00 PM GMT+5:30
Hi,

I visited this exhibition on Sunday and it was total time waste. There were very few stalls and senseless pricing (for builders it always makes sense though). Couple of schemes in Ravet demanding 4000+ per sqft rate. On top of this, development charges 4-5L (no details). VAT, Service tax MSEB and development charges at the time of registry.
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UnknownWednesday, January 9, 2013 at 7:55:00 PM GMT+5:30
Ravi Sir,

I was happy indeed, when I returned back from exhibition...

As,I visited exhibition to check whether "Birds are Singing" in this exhibition,when they are claiming all flats are booked...

And,yes there were only Angry Birds -(new buyers)

Ravi Sir , any Idea is there gonna to be hike in Stamp Duty post 2013 Budget in March..

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UnknownThursday, January 10, 2013 at 10:51:00 AM GMT+5:30
This comment has been removed by the author.
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PphThursday, January 10, 2013 at 2:50:00 PM GMT+5:30
Look these photographs, on Sunday afternoon 3 PM no one visits property exhibition, buyers have realized that such shows are useless.
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KunalFriday, January 11, 2013 at 12:46:00 PM GMT+5:30
Ravi Sir,

I have read most of your blogs and you have always stressed on buying ready possession flats and I too feel the same. But in today's date the fact is when you look for ready possession flats you never get flats of your choice,either they are sold out or hardly any are left or the price is already too high.
Do you see any other alternative here?
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PravinThursday, January 17, 2013 at 2:34:00 PM GMT+5:30
Dear Mr. Ravi,

Any feedback on Suyog Developer's 'SUYOG AURA' project at Warje ? Bulder is quoting Rs. 4700 psf & completion in Dec-2014. Please advise on builder's reputation & track record

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MayureshMonday, January 21, 2013 at 9:03:00 PM GMT+5:30
Hello Sir,

What are your thoughts on Anand Kunj, Near SRPF Hadapsar?
Is it worth buying there?
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UnknownFriday, March 29, 2013 at 1:16:00 AM GMT+5:30

Amazing post! I initially found your blog a week or so ago, and I want to subscribe to your RSS feed.
Jim Zaspel - YouTube
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