Ravi Karandeekar's Pune Real Estate Market News Blog: Belvalkar Housing

Showing posts with label Belvalkar Housing. Show all posts

Thursday, November 21, 2013

Why would anyone book a flat in Kalpak Homes Kirkatwadi?

All Inclusive Property Prices - without Car Park -
at Belvalkar Kalpak Homes Kirkatwadi Pune 411024 (www.kalpakhomes.com):
Property Rate Based on Carpet Area Rs. 5,531 to 5,651 per sq.ft.
(as per the builder's 16.11.2013 price list)

1 BHK Flat - 401 - 449 Carpet + Terrace - Rs. 24.69 - 28.19 Lakhs

1 BHK Flat - A 107 - 449 Carpet + 59 Terrace - Rs. 26,73,766 without Car Park at Belvalkar Kalpak Homes Kirkatwadi Pune 411024

1 BHK Flat - C 102 - 441 Carpet + 48 Terrace - Rs. 25,78,142 without Car Park at Belvalkar Kalpak Homes Kirkatwadi Pune 411024

1.5 BHK Flat - 545 - 588 Carpet + Terrace - Rs. 31.48 - 33.99 Lakhs

1.5 BHK Flat - B 105 - 588 Carpet + 59 Terrace - Rs. 33,65,318 without Car Park at Belvalkar Kalpak Homes Kirkatwadi Pune 411024

2 BHK Flat - 628 - 661 Carpet + Terrace - Rs. 35.09 - 37.36 Lakhs

2 BHK Flat - B 103 - 611 Carpet + 60 Terrace - Rs. 37,35,249 without Car Park at Belvalkar Kalpak Homes Kirkatwadi Pune 411024

First 25 Flats in Belvalkar Kalpak Homes Kirkatwadi Were Booked in Only 1 & 1/2 Hours!

Last Sunday evening, the sales executive at Kalpak Homes Kirkatwadi (www.kalpakhomes.com) told me that the first 25 bookings happened in just one & half hour.

"If you had come on Saturday morning....I could not have entertained you. All of us were busy. People were waiting with booking amount," said the sales executive.

"Really? Please, show me the floor plans," I said.

Quick glance told me that the planning was not the reason.

In fact, those 25 people must not have seen the plans at all. I was very sure.

Then what could be the reason?

"What was the property rate for the first 25 bookings?," I asked.

"3,200!," said the sales executive.

"Plus silver coin," added the sales executive.

"What's the current rate?," I asked.

"3 3 2 5!," said sales executive.

"Silver coin?," I asked.

"No," said the sales executive.

"What are the all inclusive property prices?," I asked.

"Approx 24 to 28 for 1 BHK & 31 to 37 for 2 BHK," the sales executive said.

"But your ad said - 18.84 for 1 BHK Flat & 27.71 for 2 BHK Flat!," I said.

"There was a star - Taxes Extra!," said the sales executive.

"Plus, that was the 'Agreement Cost' - of the smallest flat - without Stamp Duty, Registration, VAT, Service Tax & Maintenance charges at Rs. 3 per sq.ft. for 12 months!," said the sales executive.

It means, those 25 bookings saved around 1.25 - 1.75 Lakh - but, still paid around 22 - 26 for 1 BHK & 29 - 36 Lakhs for 2 BHK Flats.

Why would anyone be so enthusiastic to book these flats?

Why would anyone feel like booking these flats?

I went on wondering.

The sales executive of Kalpak Homes Kirkatwadi took me to the actual site. There was nothing. It was just barren land. But he told me where the building will come and where the amenities would be - a club house with multipurpose hall, well equipped gym & children's play area.

Pointing at DSK Vishwa, the sales executive said, "Can you see that red flag? Our plot is up to that point! It's approximately 15 acre plot!"

"But you haven't mentioned about it anywhere! So, it's not only about 135 flats - in 5 story - L shape building of - 3 wings with 2 stair cases & one lift. Eventually, it would be a big 15 acre township!," I said.

Now, I have understood why Belvalkar Housing had opened the booking of Kalpak Homes Kirkatwadi. But, still I haven't understood - why did the people book these flat!

Particularly when there are so many options - approximately in the same price range - available in Kirkatwadi!

1) At Vastushodh Projects' UrbanGram Kirkatwadi (92251 92252) (www.urbangram.in), almost ready possession - without completion & occupancy certificate & without water connection - 2 BHK Flats are in the price range of 32 - 34 Lakhs and 3 BHK Flats for around 46 lakhs.

2) At Aapla Ghar Housing Colony at Kirkatwadi (Pravin 73500 00087) (www.mapleshelters.com), you can get a 1 BHK Flat - 441 Carpet + Terrace - for Rs. 25.35 - 25.6 Lakh + Parking Rs. 1,50,000 + Maintenance @ Rs. 2 per sq.ft. for 12 Months & a 2 BHK Flat - 534 - 634 Carpet + Terrace - for Rs. 30.08 - 33.75 Lakhs + Parking Rs. 1,50,000 + Maintenance @ Rs. 2 per sq.ft. for 12 Months.

3) Shree Darshan - 77670 34316 / 77670 34317

4) Shree Swami Anant-Srushti - 91750 18678 / 98226 56165 / 98224 39451

5) Sahyadri Properties 2 BHK Flats - 8411 09 2121 / 020 2438 0277

6) Morya Sparsh - 86 98 13 1111 / 83 90 20 2220

7) Pandurang Residency - 98220 19134 / 98501 28257 / 98220 02535 / 98901 18755 / 99212 22233

8) Suman Samrudhi - 020 2425 0303 / 93258 90808 / 93255 16060

9) Tarai Greenfields - Vijay 98814 70404 / Dhananjay 94058 52001 / Vikram 96571 41995

10) Sarvadnya Heights - 99213 07770 / 90965 42424

11) Kamal Green Leaf - www.kamalgreenleaf.com - 88888 04574, 88888 04584

What say you?
Why would anyone book a flat in Kalpak Homes Kirkatwadi?
Please, share your views in the comments.

Contact Belvalkar Kalpak Homes,
1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024:

90110 10810 - Office 020 2545 1610 / 2545 6200 / sales@belvalkarhousing.com / www.kalpakhomes.com / www.belvalkarhousing.com

View Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024 in a larger map

Post by Ravi Karandeekar.

Hoarding of Shree Darshan 1 BHK 2 BHK Flats Kirkatwadi Sinhagad Road Pune 411024 (77670 34316 / 77670 34317) - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Hoarding of Shree Swami Anant-Srushti 1 BHK 2 BHK Flats Kirkatwadi Sinhagad Road Pune 411024 - 91750 18678 / 98226 56165 / 98224 39451 - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Sahyadri Properties 2 BHK Flats for Rs. 27 Lakhs Kirkatwadi Sinhagad Road Pune 411024 - 8411 09 2121 / 020 2438 0277 - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Hoarding of Morya Sparsh 1 BHK 2 BHK Flats Kirkatwadi - Kolhewadi - Sinhagad Road Pune 411024 - 86 98 13 1111 / 83 90 20 2220 - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

View of Nandoshi Road - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Pandurang Residency Kirkatwadi Sinhagad Road Pune 411024 - 98220 19134 / 98501 28257 / 98220 02535 / 98901 18755 / 99212 22233 - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Suman Samrudhi, Tarai Greenfields, Sarvadnya Heights at Kirkatwadi Sinhagad Road Pune 411024 - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Kamal Green Leaf - www.kamalgreenleaf.com - 1 BHK 2 BHK Flats Kirkatwadi Sinhagad Road Pune 411024 - 8888 8045 74 , 8888 8045 84 - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Nandoshi Road - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Way to board of Aapla Ghar Kirkatwadi on Nandoshi Road, Pune 411024

From Nandoshi Road to Aapla Ghar Kirkatwadi, 1 BHK & 2 BHK Flats, Pune 411024

Approach road of Aapla Ghar Kirkatwadi, 1 BHK & 2 BHK Flats, Pune 411024

Belvalkar Kalpak Homes from Aapla Ghar Kirkatwadi, Pune 411024

UrbanGram, DSK Vishwa & Aapla Ghar Kirkatwadi, Pune 411024

UrbanGram & the site of Aapla Ghar Kirkatwadi 1 BHK & 2 BHK Flats Pune 411024

Nandoshi Road - Visit Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Manual harvesting of rice at Kirkatwadi, Pune 411024

Site of Shree Swami Anant-Srushti 1 BHK 2 BHK Flats Kirkatwadi Sinhagad Road Pune 411024 - 91750 18678 / 98226 56165 / 98224 39451 - opposite Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Site of Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

DSK Vishwa Dhayari & Site of Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

UrbanGram Kirkatwadi, Aapla Ghar Kirkatwadi, DSK Vishwa & Site of Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

UrbanGram Kirkatwadi, Aapla Ghar Kirkatwadi, DSK Vishwa and Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Close up of UrbanGram Kirkatwadi, Aapla Ghar Kirkatwadi, DSK Vishwa from Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Closeup of DSK Vishwa Dhayari from Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

UrbanGram Kirkatwadi, Aapla Ghar Kirkatwadi, DSK Vishwa from the site of Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

नीती, मूल्य, व्यवहार आधी पाहावे…. घराचे श्लोक - Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Pandal for the launch event of Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

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Tuesday, November 19, 2013

What are the ethical business policies & practices of Belvalkar Housing?

An Open Letter to Mr. Sameer Belvalkar, Director, Belvalkar Housing, developers of Kalpak Homes at Kirkatwadi, Sinhagad Road, Pune:

Launch Ad of Belvalkar Kalpak Homes, 1 BHK & 2 BHK Flats at Kirkatwadi, Sinhagad Road, Pune 411024

Click to Visit Original Ad

Dear Mr. Sameer,

Congratulations!
The launch of Kalpak Homes at Kirkatwadi, on Saturday, 16th November 2013, was a great success!!

When I visited the site on Sunday evening, I was told that - nearly 60 per cent flats - out of around 90 units - were booked. Not only that - the special launch offer - for the first 25 bookings - was over in the first one and half hour on Saturday morning.

Around 50 bookings on the launch weekend - proves that - there are many people who are aware about Belvalkar Housing's ethical business policies & practices.

However, Mr. Sameer, there are many people like me, who do not know Belvalkar Housing's ethical business policies & practices.

Impressed by your घराचे शलोक - List of Property Purchase Precautions in the Poetic Form - published in your ad - educating home buyers to book a flat with a builder who's business policies & practices are ethical -

मना सज्जना... घर खरेदी करावे,
नीती, मूल्ये… व्यवहार आधी पाहावे,
प्राधान्य द्यावे, घराला स्वभावे,
'कल्पक' घरातून... उत्कर्ष व्हावे (३)

I visited your websites www.kalpakhomes.com - www.belvalkarhousing.com - but unfortunately, I couldn't find 'ethical business policies & practices of Belwalkar Housing' on any.

Mr. Sameer, I admire you for educating the home buyers.
I appreciate you for instructing home buyers to consider the builder's business policies & practices.
Now, I appeal you to be more specific and list out your ethical business policies & practices on your website.

By publishing your ethical business policies & practices on your website,
you will not only help the home buyers but the other builders too.
Listing out ethical business policies & practices would be your great contribution to Pune real estate market.

As a paymaster - as a property buyer - let me take this opportunity to tell you what we expect from you - from the builders - from the construction service providers.

As a property buyer - as your paymaster - we all are broadly concerned about:
1) Sanctions, approvals & agreement to sale
2) Planning, pricing & terms of payments
3) Reporting about accounts & progress of the project
4) Quality of construction
5) Completion of construction and possession
6) After sales service - warranty & guaranty
7) Society formation, conveyance / sale deed and other formalities

If you expect me to buy your concept and my commitment to pay, I need to know the builder's policies and practices about above mentioned concerns and public commitment to put them in practice.

Once again, I congratulate you for educating the home buyers about property purchase precautions and I thank you, in advance, for contributing to Pune real estate market by insisting on ethical business policies & practices.

Regards,

Ravi Karandeekar,
919860044110.

P. S. My dear readers, what say you?
Don't you think that all builders should publish - on their websites - their business policies & practices - about above mentioned concerns - and give public commitment to put them in practice?
Please, share your views in the comments.

Tuesday, May 12, 2009

Lorelle, Wakad - last few days left to save 3% interest on home loan & to book a flat at the property rate of Rs. 2,500 per sq ft

Thanks to HDFC!

When i wrote a blog "An exclusive offer from Belvalkar Housing for flats, row houses, twin bungalows and independent bungalows in Belvalkar's Solacia at Wagholi", i wanted to write about the offer and review Lorelle at Wakad too.

Yesterday, at HDFC property exhibition, when Sachin Gurjar, sales manager of Lorelle told me that the offer is still on, i said, first thing what i should do is give this news to you and take my own time to review Lorelle!

Thanks to HDFC for extending the offer and giving me second chance to write about one of my favorite projects in Wakad, Lorelle!

View "Take a first left turn as you drive down the Hinjewadi flyover!" in a larger map

Offer and property rate:

Lorelle's offer is quite simple. If you book a flat in a certain period of time, the builder is offering you indirect discount on property rate.

Instead of giving direct discount at the time of booking, for first 3 years, the builder will bare 3 % of interest on home loan. It means, you have to pay less emi for first 3 years.

You know the logic behind this offer. Not the property rates but high home loan interest rates, prevent Pune property buyers from booking a flat! By subsidizing interest rates, for first few years, builder tries to tempt you to book a flat in his scheme.

Why not reduce the property rates?

Whenever builder launches "very attractive offer", we ask, "Instead of these marketing gimmick, why Pune builders don't reduce the property rates?" Right?

But you can't ask this to Maitreya Wakadkar Associates, joint venture of Nirmiti Developers, Pandit Javdekar Associates and Belvalkar Housing, who are promoters of Lorelle at Wakad.

Because Lorelle at Wakad has substantially reduced the property rates! From Rs. 3,200 per sq.ft. to Rs. 2,400 per sq.ft.!!

However, because of the good response to this offer, Sanjay, sales manager of Lorelle, told me at HDFC ready possession properties exhibition, current property rate of Lorelle at Wakad is Rs. 2,500 per sq.ft.!

Sanjay Gurjar also told me that Pune real estate market had gone down, reached the bottom and now is in a process of recovering. So property rates may go up soon! At HDFC house, Sanjay was not the only one who was making this claim of improved bookings and possible property price rise in Pune real estate market.

Now, you can understand why i am not a big fan of HDFC! Or why we all love to hate Pune builders!

2 bhk, 2.5 bhk and 3 bhk flats of Lorelle at Wakad:

Building A: Even Floors:

Building B: Even Floors:

Though i am not fond of "motor cycle with a sidecar" type 3 side open floor plans, when i visited the site, I liked the planning of Lorelle.

Mainly because, in the days of compact flats when builders are reducing the sizes (and not reducing the property rates!), in Wakad few flats are left which have reasonable space and decent planning.

Plus, if you have a budget, the current property rate of Rs. 2,500 per sq.ft. and the offer of discounted interest rate make these flats worth considering.

This is the budget of Lorelle at Wakad:
1) Carpet area is not available. So, I have give Built up area in sq.ft.
Because of the increasing size of the terrace, I don't see any point in considering Saleable area.
2) Agreement cost includes: Basic cost + MSEB & Pipe Gas + Club + Parking + Apartment formation + Legal Charges
3) Stamp duty and Registration extra
4) Advance Maintenance: Rs. 36 per sq.ft. for 2 years: is extra
5) This costing is as per the quotation (W.E.F. 8-4-2009), i was given at the exhibition.

2 bhk flat:

1) 991 sq.ft. - Rs. 29,34,000
2) 1,065 sq.ft. - Rs. 33,09,000

2.5 bhk flat:

1) 1,243 sq.ft. - Rs. 35,84,000
2) 1,229 sq.ft. - Rs. 37,21,500
3) 1,242 sq.ft. - Rs. 37,59,000

3 bhk flat:

1) 1,440 sq.ft. - Rs. 40,84,000
2) 1,449 sq.ft. - Rs. 41,09,000

What is your take on Lorelle at Wakad?

Lorelle is one of the few projects in Wakad which is not aggressively advertised.

Mainly because all partners are well known for quality construction in popular middle class neighborhoods of Pune where builders and property buyers give less importance to advertising and marketing of real estate.

Whereas in the developing areas, many builders build "reputation" not by quality but by advertising.

I would like to know your opinion about these so called "reputed" builders and your experience of dealing with less advertised projects like Lorelle at Wakad. (Comments Policy)

Feel free to call me:

I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110