Ravi Karandeekar's Pune Real Estate Market News Blog: July 2013

Thursday, July 25, 2013

Whose Project Is It Anyway?

Do You Know Anything About This Upcoming Project "Near Moshi"?

Sorry, husbands. I know what you are going through.
Your wife and relatives have already made your life difficult.
Now, even a builder has joined them!

What? Are you mad? Can you afford to buy a flat in any 'developed area'? - Do You Know Anything About This Upcoming Project "Near Moshi"?

Do You Know Anything About This Upcoming Project "Near Moshi"?

"You stupid fellow - You keep on waiting for 'price correction'!" - Do You Know Anything About This Upcoming Project "Near Moshi"? - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

Do You Know Anything About This Upcoming Project "Near Moshi"? - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

"I will book a 1 BHK Flat" - one of the false promises before marriage? - Do You Know Anything About This Upcoming Project "Near Moshi"? - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

Do You Know Anything About This Upcoming Project "Near Moshi"? - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

"I am sick of my husband - He hasn't booked a flat" - Do You Know Anything About This Upcoming Project "Near Moshi"? - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

"Are we going to spend rest of our life in this rented room?" - Do You Know Anything About This Upcoming Project "Near Moshi"? - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

You know what? This 'teaser campaign' has created very very big buzz in Pune real estate market. Specifically, among the target property buyers who - work / stay / travel - on Pune Nashik Highway (N H 50). From Nashik Phata to Chakan Chowk - you can not miss a single hoarding of this upcoming project "Near Moshi".

In fact, after I saw the first hoarding, I started looking for the next. I was very curious to know what the next hoarding says. The message in every hording touched my heart.

Yes, the message - more than "Manva & Vaibhav" of "Tuza Maza Jamena". Leading hero & heroine in Mahesh Manjrekar's popular TV serial on Zee Marathi - which is shot in Amanora Park Town.

Of course, the ultimate message is usual and simple. The builder wants your money - booking amount. Obviously, the builder is trying to 'motivate' you to book a flat in his upcoming scheme 'near Moshi'.

Who can motivate a husband to give away his hard earned money to a builder?

Wife! Right?

This builder knows that, now a days, a wife is always on the top. So, the teaser campaign gives dominant role to a wife. A dominant wife in every hoarding looks cute - talks tough - shoots straight. But, she sounds sweet - in every hoarding. Because, this wife - humiliates and harasses her husband - with a great love and affection.

"What? Are you mad? Can you afford to buy a flat in any 'developed area'?," asks wife and forces her husband to ignore "lack of infrastructure" in this undeveloped area - 'near Moshi' - in PCMC. Reminding him about his limited budget, the wife compels her husband to become foolishly optimistic about the development and growth of this 'third world' in PCMC.

On one hoarding, the wife ridicules her husband - who is sitting on the fence - waiting for the property price correction in Pune real estate market - by saying, "You stupid fellow - You keep on waiting for 'price correction'!"

The wife uses 'a promise before the marriage' to blackmail her husband to book a 1 BHK Flat in this upcoming housing project "Near Moshi" - is my favorite hoarding.

Sorry, husbands. I know what you are going through. Your wife and relatives have already made your life difficult. Now, even a builder has joined them.

Together they are doing it in open - what they used to do inside the four walls of your rented home.

How shameful! Your dear ones are publicly humiliating you for not booking a flat!!

So, to prove that you are 'a man' - book a flat in this upcoming project 'near Moshi'.

God bless you.

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Tuesday, July 23, 2013

Free! Furniture & White Goods at River Residency Chikhali!!

Special Monsoon Offer of Ishwar Parmar Group's River Residency,
34 Acre Township of 2 BHK & 3 BHK Flats on Dehu Alandi Road at Chikhali,
in Pimpri Chinchwad Municipal Corporation (PCMC), Pune 412 114:

Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114 - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

Free - For a Few Flats Only!
Kitchen: Free Modular Kitchen, Hob & Chimney, Fridge & Microwave
Bedrooms: Free Double Bed, Wardrobe, Wooden Flooring, AC, Dressing Table
Living: Free TV & Inverter
Bathroom: Free Washing Machine, Geyser
In Every Room: Free Fan & Light Fittings

Chikhali - The Most Competitive Property Market in PCMC & Pune:

I enjoy standing at the junction of Pune Nashik Highway (N H 50) and Dehu Alandi Road and keep looking at the hoardings of housing projects at Chikhali.

When I am on the bridge, I keep on wondering - what is more beautiful - Indrayani River or the under-construction Anshul Ela, Swaraj, River Residency at Chikhali and other projects at Moshi?

While walking on Dehu Alandi Road, I can not stop imagining - two - 3 - years down the line - when the road widening is complete and all housing schemes are ready - how would Chikhali look!

But what I like most is the competition among the projects on Dehu Alandi Road at Chikhali.

Unlike the builders in the popular areas like Wakad & Baner, the builders in Chikhali do not threaten the home buyers with 'property price rise'.

Instead of that, the builders in Chikhali woo the home buyers with offers.

The builders in Chikhali tempt the home buyers to visit their sites.

Last weekend, Yogesh Enterprises re-launched Gandharva Excellence.

This weekend, Ishwar Parmar Group (www.ishwarparmargroup.com) launched special monsoon offer - free furniture & white goods with every 2 BHK & 3 BHK Flat - of course, for first few bookings!

And, you know what? These promotional ideas work. On Sunday evening, when I visited the site office of River Residency, every sales executive was busy with the visiting home buyers!

"Investors or genuine home-buyers?," pointing at the visitors, I asked Mr. Vikrant Shinde, Sales Manager of River Residency.

"At River Residency - we have - almost - 80 per cent - actual home buyers!," very proudly Vikrant said and took me to the site.

View iParmar Group's River Residency, 34 Acre Residential Township in Chikhali in PCMC, Pune 412114 in a larger map

River Residency Chikhali - Properties & Prices:

3 BHK Flats at Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

2 BHK Flat - 642 sq.ft. Carept + 104 sq.ft. Terrace - Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

2 BHK Flat - 627 sq.ft. Carpet 94 sq.ft. Terrace at Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

The first phase of River Residency is sold out, construction is complete and possession is going on. The current offer of 'free furniture & white goods' is for the under construction second phase. An incentive for the flats on the higher floors. The possession of these flats is in 18 months.

The 2 BHK & 3 BHK Flats in this second phase have bigger areas & budgets. An approximate all inclusive property price of a 2 BHK Flat - 627 sq.ft. Carpet + 94 sq.ft. Terrace - is Rs. 43.29 Lakhs. And a 2 BHK Flat - 642 sq.ft. Carept + 104 sq.ft. Terrace - goes for approx Rs. 44.66 Lakhs. Whereas, an approximate all inclusive property price of a 3 BHK Flat - 785 sq.ft. Carpet + 99 sq.ft. Terrace - Rs. 52.43 Lakhs. And a 3 BHK Flat - 932 sq.ft. Carpet + 150 sq.ft. Terrace - goes for approx Rs. 66.59 Lakhs.

The above property rates are for the flats on 1st to 6th floors. The high rise premium (Rs. 81 per sq.ft.) is applicable from the 7th floor. Plus, there is a premium for the river facing flats (Rs. 207 per sq.ft.) too.

Though these premiums are ugly - the other charges are comparatively decent. For example, development charges are Rs. 50,000. Society & legal charges are Rs. 10,251. MSEB charges are - Rs. 45,000 for a 2 BHK and Rs. 55,000 for a 3 BHK.

River Residency Chikhali - Promise & Performance:

Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114 - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Of course, this time, my main interest was not the property prices or planning at River Residency. I wanted see the progress of construction. From the bridge on Pune Nashik Highway, River Residency between the sky full of clouds and Indrayani River full of water was looking romantic. On the rainy afternoon, from Dehu Alandi Road, River Residency was looking imposing.

But you know what? The River Residency is more 'beautiful' than it's looks. Now, the first phase is ready. Main entrance is impressive. Welcome fountain looks beautiful. The under construction podium looks huge. When the clubhouse, landscape and children's play area will be complete - I could imagine - the fun & joy of living at River Residency. Driveways are really wide and safe. From the podium, I could see the huge open space and feel the privacy this first and second phase offers.

Pointing at the windows, Vikrant said, "This glass not only offers more privacy but reduces consumption of electricity too!" and told me about benefits of GRIHA - Green Rating for Integrated Habitat, a national rating system for Green Buildings - the residents of River Residency will enjoy - more quality life and less taxes!

Now, the development of infrastructure - rainwater harvesting, water treatment plant, sewage treatment plant, waste treatment system and solar water heating systems - is at an advance stage or almost complete - said Vikrant.

To have a good view of the development of River Residency and it's neighbourhood, Vikrant took me to the top terrace of the building. Yes, the view was amazing. I was impressed. No wonder, I said, "Vikrant, I fail to understand - why are you offering freebies - furniture & fridge?"

"But, who is buying a flat at River Residency for furniture & fridge?," said Vikrant.

Yes. Vikrant is right. What say you? Have a look at the progress, performance and property prices at River Residency and share your views in the comments, please!

Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency at Chikhali, PCMC, Pune 412114

Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Mr. Vikrant Shinde, Sales Manager - Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency at Chikhali, PCMC, Pune 412114

Mr. Vikrant Shinde, Sales Manager - Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114 - Layout Plan of Phase 1 & 2

Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Wide Driveway - Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Solar Water Heating - Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Chakan MIDC - Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Talawade IT Park & Chakan MIDC - Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Phase 3 - Monsoon Offer July 2013 of Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114

Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114 - Properties at Chilhali in PCMC & Chakan on Pune Nashik Highway (N H 50)

Ishwar Parmar Group's River Residency on Dehu Alandi Road at Chikhali, PCMC, Pune 412114 - Layout Plan

Monsoon Offer of Ishwar Parmar Group's River Residency at Chikhali, PCMC, Pune 412114

Contact Ishwar Parmar Group's River Residency, Chikhali, Pune:

88888 69911 / www.ishwarparmargroup.com

Site: 90, Dehu Alandi Road, Chikhali, Pune 412114. Tel: 020 6511 4444

1) 3.5 BHK Flat for Rs. 62.5 Lakhs at Moshi PCMC!

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Wednesday, July 17, 2013

3.5 BHK Flat for Rs. 62.5 Lakhs at Moshi PCMC!

Review of Gandharva Excellence,
3.5 BHK Flat (Rs. 61.84 - 62.5 Lakhs),
3 BHK Flat (Rs. 55.37 - 56.31 Lakhs),
2.5 BHK Flat (Rs. 47.34 - 53.97 Lakhs),
2 BHK Flat (Rs. 45.25 - 49 Lakhs),
1.5 BHK Flat (Rs. 37.54 - 40.5 Lakhs) &
1 BHK Flat (Rs. 28.92 - 30.39 Lakhs)
(Approximate All Inclusive Launch Property Prices)
on Dehu Alandi Road, near Modern College of Pharmacy,
Borhadewadi, Moshi, PCMC, Pune 412105

The Red Carpet:

Yogesh Bhongale, Director, Yogesh Enterprises, Developers of Gandharva Excellence, 1 BHK 1.5 BHK 2 BHK 2.5 BHK 3 BHK 3.5 BHK Flats on Dehu Alandi Road, near Modern College of Pharmacy, Borhadewadi - Moshi, PCMC, Pune 412105

Last weekend, at the launch of Gandharva Excellence, for the first time in my life, I met Shri Vinayak Bhongale, the developer of Gandharva Nagari on Pune Nashik Highway at Moshi!

Good I told the salesperson that I am not a property buyer but Pune real estate blogger - Ravi Karandeekar - and, I am here to write about the launch of Gandharva Excellence.

Instead of asking me - what is a 'blog', the salesperson asked me, "Would you like to meet our 'Sir'?"

"Yes! Of course!! I am his big fan!!!," I said.

On the day of launch, every builder is humble. But Mr. Bhongale looked genuinely simple - modest - person. He made arrangements to brief me about the project and show me the site, show flat, digital presentation. Not only that! At the end of visit, Mr. Bhongale introduced me to the 'real owner' - his son Mr. Yogesh Bhongale.

Yogesh won my heart by insisting on transparency in transactions and dealings with the home-buyers. Result is when I left the site, I was convinced that, soon, the floor plans of Gandharva Excellence will have an area statement.

I am sure that Mr. Yogesh Bhongale of Yogesh Enterprises (www.yogeshenterprises.in) will see that the area statement of Gandharva Excellence Moshi will mention 'carpet area' of a flat and a terrace. Because, in Maharashtra, property is sold on carpet area.

Thanks to the proposed Real Estate (Regulation and Development) Bill, soon, all states in the republic of India will recognize only the carpet area - not 'super built up' or 'saleable area'.

The statement issued by the secretary of Ministry for Housing and Urban Poverty Alleviation (HUPA), says:

"The municipalities and the development authorities would have to pass the map on the basis of carpet area and this would be a mandatory requirement as any other criteria apart from that like the super area or the built-up area and others would not be recognized by us."

Under The Carpet:

Layout Plan of Gandharva Excellence, 1 BHK 1.5 BHK 2 BHK 2.5 BHK 3 BHK 3.5 BHK Flats on Dehu Alandi Road, near Modern College of Pharmacy, Borhadewadi - Moshi, PCMC, Pune 412105

8.5 Acre Gandharva Excellence Moshi has around 712 units in 12 story 10 buildings. At this point of time, 4 buildings - B (3 BHK & 3.5 BHK Flats), D (2 BHK & 2.5 BHK Flats), J (1 BHK Flats) & G (1.5 BHK Flats) - are opened for booking.

The J & G buildings were launched a few months ago. A good number of 1 BHK & 1.5 BHK flats in these buildings are already booked, agreements are registered and a couple of slabs are cast.

Now, in this second launch, the focus is on compact 2 BHK, 2.5 BHK, 3 BHK & 3.5 BHK Flats. Designed by Mr. Rahul Wedpathak of Creative Quotient Architects, floors plans are sensible. The room sizes are okay, layout of a flat is comfortable, because of the 4 side open layout - light & ventilation may be enough. In general, as a compact home, these flats are worth considering. If you consider the price, you may find these flats attractive!

Like the recently launched projects in Baner and Balewadi, I was glad to see that there is 'no major defect in the planning' of Gandharva Excellence Moshi. Specifications are standard - including video door phone. All expected amenities are offered - on the podium. Enough parking is available - stilt, under the podium and open. Only one thing is missing. There is no area statement on the floor plans!

If the carpet area had been mentioned on the floor plans, I would have felt confident to suggest Gandharva Excellence Moshi to my young first time home buyers working in Hinjewadi. What say you? Isn't Gandharva Excellence Moshi worth considering? Please, share your views in the comments.

3.5 BHK Flat for Rs. 61.84 - 62.5 Lakhs,
3 BHK Flat for Rs. 55.37 - 56.31 Lakhs
B Wing - Gandharva Excellence Moshi:

3 BHK & 3.5 BHK Flat - B Wing - Gandharva Excellence

2.5 BHK Flat for Rs. 47.34 - 53.97 Lakhs,
2 BHK Flat for Rs. 45.25 - 49 Lakhs,
D Wing - Gandharva Excellence Moshi:

2.5 BHK Flat D Wing - Gandharva Excellence

2 BHK Flat D Wing - Gandharva Excellence

1.5 BHK Flat for Rs. 37.54 - 40.5 Lakhs,
G Wing - Gandharva Excellence Moshi:

1.5 BHK Flat G Wing - Gandharva Excellence

1 BHK Flat for Rs. 28.92 - 30.39 Lakhs,
J Wing - Gandharva Excellence Moshi:

1 BHK Flat, J Wing - Gandharva Excellence

View Gandharva Excellence, 1 BHK 1.5 BHK 2 BHK 2.5 BHK 3 BHK 3.5 BHK Flats on Dehu Alandi Road, near Modern College of Pharmacy, Borhadewadi - Moshi, PCMC, Pune 412105 in a larger map

Visit Gandharva Excellence, 1 BHK 1.5 BHK 2 BHK 2.5 BHK 3 BHK 3.5 BHK Flats on Dehu Alandi Road, near Modern College of Pharmacy, Borhadewadi - Moshi, PCMC, Pune 412105