A 1 BHK Flat which can be converted into a 2 BHK Flat!
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| With Mr. Sachin Agarwal at iTrend Homes at Hinjewadi Phase 2 |
A 1 BHK Flat in iTrend Homes in Maan Gram Panchayat, opposite High Mont, near Hinjewadi Phase 2, has 2 toilets. One toilet is attached to a bedroom and the other is a common toilet. This common toilet is positioned in such a way that you can convert dining area into a 2nd master bedroom with an attached toilet!
In the pre-launch offer, all inclusive property price of this 1 BHK Flat - 450 sq.ft. (flat) + 39 sq.ft. (balcony) = 489 sq.ft. total carpet - is Rs. 37.46 lakhs. It means that, you can actually have a 2 BHK Flat for approx 38 lakhs!
Let us have a look at the room dimensions of this convertible 1 BHK Flat. Main door opens into living & dining - 22'4" x 9'8". Master bedroom with an attached toilet - 11'6" x 9'8" bedroom + 4'5" x 6'9" toilet - is on the right side of the main door. A balcony - 5'2" x 7'8" - is opposite the main door. Next to the balcony - at the center of living cum dining - is the Kitchen 7' x 8'. Next to Kitchen is the 2nd toilet - 4'5" x 6'9".
When you convert this 1 BHK into a 2 BHK Flat, your Living is 12' x 9'8". The original 1st Master Bedroom with attached toilet - 11'6" x 9'8". And the converted 2nd Master Bedroom with attached toilet - 10' x 9'8".
"What did inspire you to design a convertible 1 BHK?," I asked Mr. Sachin Agarwal of iTrend Homes.
"In my previous project at Moshi - Saheel Fortune Park - many Hinjewadi IT engineers booked the flats. I asked them - 'Why did you come so far from Hinjawadi?' 'Budget! Within 30 - 40 lakhs you can get a 1 - 2 BHK only at Moshi - not in Hinjawadi, Wakad, Tathawade, Ravet, Kiwale!' - they said. So, when I decided to launch iTrend Homes - my goal was to offer the flats at Hinjewadi for the price of Moshi," said Mr. Sachin.
"Okay. And what did inspire you to invite me at iTrend Homes? Usually, builders avoid me," I asked.
"You will like my user friendly concept - I knew for sure!," Mr. Agarwal said and went on talking about unique amenities, beauty & convenience of the location, affordable property prices etc. at iTrend Homes by Highpoint Landmark LLP, a joint venture of Kohinoor, Saheel Properties, Fortune Landmarks, Amcorp Realtors at Survey No.275/1 & 276/1, Maan, Hinjewadi, Pune.
A builder who dares to invite me, deserves a simple informative blog - without any criticism. Right?
What say you, TheMonk?
ITrend Homes Hinjewadi Photowalk:
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1) An appeal to Hinjewadi IT professionals & Mumbai investors - Do the Due Diligence While Booking a Flat:
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reminds me of Xrbia
ReplyDeleteYet again a very nice unbiased post. "iT"rend for the trend setters - funny it is.Every time I read your blog a single word strikes right in my mind - IWS,though myself being an IT guy couldn't agree with you more.During induction or so called training, IT guys should be given basic understanding of 1. price vs value 2. carpet vs saleable area 3. "live"able vs "leave"able area. 4. market rate vs actual(ready it worthy) rate. I've tried to make my colleagues understand these things, but have been failing to do so from past 4 years.
ReplyDeleteThis project is for IT IWS, evident from location, price, size & more importantly complete absence of infra.
ReplyDeleteIf price is calculated on carpet area, it works out to be 8500 psf ! Is the builder nuts to price it so high at such a remote location ? And from the photos, it shows site is at base of mountain ! Don't know how they get sanction ?
And in 450 sq ft, there are 2 bathrooms/washrooms ! Not a single room size is having 2nd side greater than 10 ft. And why make this a 2BHK ? Make each room of size 4x4 & in same area & budget, it becomes a 6BHK flat ! Sleep like a horse - in standing position, Lol.
Whenever there are multiple builders for single project, it becomes risky for buyers. In this case it seems there are atleast 4 builders. In NCR, it is common that builders plan to file a case against some of their partners & get stay order which helps them to put the blame on court orders & escape their own responsibility. This is normally done when builders don't have money, have diverted or want to divert money, and/or flats are not fully sold.
Nonetheless, project being under-construction, non existing infra, poor location & with the tiny size it offers is good as a stable not apartments.
If IT IWS indeed start taking logical decisions, builders won't even dare to launch such projects at first place.
Coming to some news, buyers who have been cheated by builders can file case in Police station. What's better is Police are now booking crook builders under stringent laws. Now Lashkar-e-CREDAI will take out morcha to repeal MCOCA !
Builder on run for 13 months booked under MCOCA -
http://timesofindia.indiatimes.com/city/mumbai/Builder-on-run-for-13-months-booked-under-MCOCA/articleshow/54746810.cms
" Make each room of size 4x4 & in same area & budget, it becomes a 6BHK flat ! Sleep like a horse - in standing position, Lol." - Beware, TheMonk. Some builder may take it seriously.
Delete"Whenever there are multiple builders for single project, it becomes risky for buyers" - absolutely right, TheMonk. This has happened in 2 - 3 projects in Balewadi. Construction is stalled and the builders have abandoned these projects.
Delete"This has happened in 2 - 3 projects in Balewadi. Construction is stalled and the builders have abandoned these projects. "
Delete- Thank you for mentioning this Ravi.
This again shows why under-construction flat should not be purchased.
"If price is calculated on carpet area, it works out to be 8500 psf !" - Everywhere the rates are quoted on saleable area and not carpet.
Delete"If price is calculated on carpet area, it works out to be 8500 psf !" - Everywhere the rates are quoted on saleable area and not carpet.
Delete"Not a single room size is having 2nd side greater than 10 ft." - 2 sides are 9'8" and 2 sides are 11'6". Just about 10 feet but still compensated by 11'6" sides.
Delete"And why make this a 2BHK ?" Sir firstly it's a 1 BHK flat which can be converted to 2 BHK at customers will. Everyone may not have the luxury to afford a 50 to 60 Lakh 2 BHK and this may help. Secondly there is zero space wastage in passages and lobbies which allowed us to have a plan where u can have the utility of a 2 BHK in 660 sf. Sir u r most welcome to visit our site and get a better understanding of our planning.
Delete"Whenever there are multiple builders for single project, it becomes risky for buyers" - Sir being a responsible company we have all our projects completed on time. You can visit and check our other projects.
DeleteThe problem is that iws from hinjewadi and other IT parks are biggest consumer criminals. For example this person whome I met today. He works in Honeywell and with his suffisticated English tried to convince me that Builder/Society NOC is compulsory for a resale flat.
ReplyDeleteBuilder/Society NOC is compulsory for a resale flat if you want to take homeloan for purchasing it. If Society is not formed then builder's NOC is required, if society is already formed then societies NOC is required.
DeleteBuilder NOC is not required for resale flats. Where apartment condominium is formed, then also NOC is not required but what they do is withheld the share certificate unless transfer charges are not paid. So indirectly, NOC is needed but certainly not of builder.
DeleteBuilder NOC not needed for resale of flats, where society not formed -
Pune: Flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed.
http://www.sakaaltimes.com/NewsDetails.aspx?NewsId=4956077171202363814
This is official image of Govt circular -
http://4.bp.blogspot.com/-Jzd5xdG5vvo/UHarZJDNWEI/AAAAAAAAAR8/d2BWk9EkngA/s1600/Image.JPG
There is no more requirement of any NOC from the builder to register the sale deed with the Sub-Registrar. There is no such provision in the Maharashtra Ownership of Flats Act ( MOFA) 1963 or MOFA Rules 1964.
The Model Bye-laws 2013 also do not require any such document for transfer of flat in CHS in Maharashtra.
http://law-india.com/forum/index.php?p=/discussion/43/sale-of-flat-and-builders-noc-for-transfer-flat-in-new-buyers-name/p1
Please try selling or buying flat with home loan. Banks ask for builder NOC, no matter what government order is
DeleteHi Ravi Sir ,
ReplyDeleteWhat is your opinion about booking 1 BHK flat in ITrend homes as an purely investment option ?
Hi Ravi Sir,
ReplyDeleteWhat is your opinion on booking 1 BHK flat in Itrend homes as an investment option ?
Ravi Ji,
ReplyDeleteitrend 1/2 bhk would be good option as first home , please let me your valuable suggestion..
I gone through all above comments it look like it would be big risk..
DeleteSir, Firstly we have our commencement with us which u can have a look at our site. Secondly payments are to be made as per completion of work stages.There should be no risk. U can visit our existing and completed other sites also.
Delete