Ravi Karandeekar's Pune Real Estate Market News Blog: Most Popular Pune Residential Projects Launched in 2012

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Friday, December 28, 2012

Most Fearful Housing Projects of 2012

a. k. a. Most Popular Projects Launched in 2012 - Part 4

Ravi Karandeekar's 12 Most Popular Pune Real Estate Market News Blogs on the Residential Projects Launched in 2012
- According to Google Analytics:

1) THURSDAY, AUGUST 02, 2012

XRBIA Hinjewadi - The Sucker's Deal for the Stupid People with Some Disposable Income

2) MONDAY, APRIL 09, 2012

Review of Splendour - Megapolis Smart Homes 3, Hinjewadi Phase 3, Pune 411 057

3) MONDAY, JUNE 11, 2012

Sahara City Homes Pune
- Patience, My Dear Pune Property Buyers, Patience!

4) THURSDAY, MAY 17, 2012

The Great New Bombay Circus Comes to Wakad Pune!

5) TUESDAY, FEBRUARY 21, 2012

Paranjape Schemes' Forest Trails - Family Fantasy

6) MONDAY, JANUARY 16, 2012

Goldfinger Avenir Wakad - Aise Danton Mein Ungli Dabao Nahin!

7) THURSDAY, APRIL 12, 2012

Review of Gera's Park View 1, Eon IT Park, Kharadi, Pune 411014

8) SATURDAY, JUNE 16, 2012

Amit's Sereno Baner Unveiled!

9) THURSDAY, MAY 31, 2012

Review of Gagan Akanksha & Kanchan Vrundavan at Koregaon Mul, Uruli Kanchan

10) THURSDAY, APRIL 19, 2012

West Coast Park Shivane to open booking on 27th April 2012

11) SATURDAY, JANUARY 14, 2012

Clean Bowled by Collina Kanhe Pune 412 106!

12) FRIDAY, JANUARY 06, 2012

1 BHK Flat in DSK Meghmalhar Phase 2

View Most Fearful Pune Housing Projects of 2012 in a larger map

Fear Over Pune City:

Pune is the capital of fear.

Currently, after the Delhi Gang Rape, DNA reports that, fear psychosis has gripped women in Pune.

Recently, the fear of dreaded gangster Arun Gawli has returned to haunt Pune.

A few months ago, North East students & worker in Pune ran away for fear of being attacked.

After the fearful four bomb explosions in Pune entire India was gripped by possibilities of new terrorist attacks.

No one has forgotten how 25,000 North Indians left Pune because of Maharashtra Navnirman Sena (MNS) in 2008.

All these fearful stories were reported in the local newspapers. But there is one story which is never reported in any local newspaper. The story about the fear of property price.

Fear Factories of Pune:

No local newspaper reports how citizens of Pune fear builders. No local newspaper reports how citizens fear rising property prices. No local newspaper reports how citizens fear about not being able to own a home.

No local newspapers ever report about fearful Pune real estate market because these local newspapers themselves are factories of fear.

Builders in Pune have given a contract of creating fear about Pune real estate market to these local newspapers. Mainly because these local newspapers are experts in sugar coating fear with prosperity and distribute it to every home in Pune.

Profiting from Fear:

If run like any business there isn't much profit in real estate. Pune builders know this. So, to earn exorbitant profit, Pune builders borrowed the 'know-how of profiting from fear' from the politicians. Who are 'profiting from fear' for years. And you know what? Nobody knows that! Because the fear is always sugar coated. For example, politicians profit from the fear of neighboring country or state - which they sugar coat with "I Love India" "Jai Shivaji Jai Maharashtra".

In the same way, Pune builders sugar coat fear into property appreciation. Sometimes, fear about property price rise is coated into status of living in a particular location like Wakad or enjoying amenity like floating club house. Some well known personality - like architect or actor - is used for sugar coating fear. Sometimes, hocus pocus plans and projects - D P Road - Ring Road - Pune Metropolitan Region Development Authority (PMRDA) - Pune Metro Rail - are used to sugar coat fear.

Coating may be different but fear about property price rise is common in all offers. Still the results vary. Some projects manage to create more fear than others. So, at the launch, these projects get more number of bookings than others. My blogs on these launches are read more. So, these blogs become most popular blogs on the projects launched in 2012. And these project are considered as most fearful housing projects of 2012.

So on behalf of all builders in Pune, I wish you all very fearful 2013!

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Thursday, December 27, 2012

Are Pune Builders Squeezing & Deceiving Property Buyers?

Most Popular Projects Launched in 2012 - Part 3

Ravi Karandeekar's 12 Most Popular Pune Real Estate Market News Blogs on the Residential Projects Launched in 2012
- According to Google Analytics:

Shrinking Size of Your Flat - Are We Getting Poorer?:

When I had a look at the most popular projects launched in 2012, I asked myself - Are we getting poorer?

It looked to me that builders have decided that Pune property buyer deserves to live only in a 2 BHK Flat - Small Size - Compact 2 BHK Flat.

Of course, the builders don't say so openly. They put it in a customer friendly way and announce that demand is more for Small Size - Compact 2 BHK Flats. And add to it - but we, the builders, care for the unfortunate few too and offer 1 BHK Flats. For the 3 BHK Flats - the builders' explanation is - those who have bigger budget are also human beings who need houses.

The enlightened property buyers blame the builders. They don't buy builder's argument. They complain that Pune builders collectively dominate the real estate market. To earn high profits, Pune builders conspire together to hike the property prices and squeeze & deceive Pune property buyers. Result is majority of salaried young Punekars are not able to buy homes. If one can, he has no option but to buy a Small Size - Compact 1 BHK or a 2 BHK Flat.

However, those who buy a home at the current property prices, I am sure, have stopped bothering whether Pune builders are exploiting them or not. Because they know for sure that we all are getting poorer.

Size of our home is shrinking. Our working hours are increasing. High cost of living is affecting our standard of living. High running & maintenance cost of our cars and homes are depreciating their worth. Education & medical expenses have become nightmares. We are not earning to live. We are living to earn. We have stopped thinking about prosperity. We are only managing to survive.

We are not only squeezed & deceived but are abused by all. By the government. By the grocery shop owner at the corner. By the petrol pump owner on the way to work. By our bank. By the politician who is difficult to jail. In this situation how can we expect that a builder will not do the same?

We look rich on paper. But in reality we are poor. And getting poorer every day.

Have a look at the floor plans of 2 BHK Flats offered in the most popular projects launched in 2012, and in your comment tell me your views - Are Pune Builders Squeezing & Deceiving Property Buyers? Are we getting poorer?

Evidence Number 1 -
A 2 BHK Flat - 418 Carpet - for Rs. 15,48,000 Agreement Value + Stamp Duty (2.5 %) + Registration Charges (1%) + VAT (1%) + Service Tax (3.9%) + Maintenance Charges:

Xrbia Hinjewadi 2 BHK Flat Type 1-D-1 - 418 Carpet for Rs. 15,48,000 Agreement Value + Stamp Duty (2.5 %) + Registration Charges (1%) + VAT (1%) + Service Tax (3.9%) + Maintenance Charges

Evidence Number 1:

Evidence Number 2 -
A 2 BHK Flat - 855 Carpet - for Rs. 44,85,658 - 47,20,409 Non Garden & Rs. 45,44,345 - 47,79,096 Garden Facing:

2 BHK Flat 855 Carpet for Rs. 44,85,658 - 47,20,409 Non Garden & Rs. 45,44,345 - 47,79,096 Garden Facing in A3, A4 & A5 Buildings - Splendour - Megapolis Smart Homes 3: 2 BHK, 2.5 BHK & 3 BHK Flats at Hinjewadi Phase 3, Pune 411 057

Evidence Number 2

Evidence Number 3 -
A 2 BHK Flat - 1153 Saleable - for Rs. 46 Agreement Value + All Other Charges:

Sahara City Homes Pune 2 BHK Flat - 1153 Saleable for Rs. 46 Agreement Value + All Other Charges

Evidence Number 3

Evidence Number 4 -
A 2 BHK Flat - 1266 Saleable - for Approx Rs. 67 Lakhs Onward:

Monarch Renaissance Wakad 2 BHK Flats 1266 Saleable for Approx Rs. 67 Lakhs Onward

Evidence Number 4

Evidence Number 5 -
A 2 BHK Flat 791 Carpet + 62 Dry Balcony + 167 Sit out + 274 Terrace for Rs. 55 Lakh Onward:

Paranjape Schemes' Forest Trails Bhugaon 2 BHK Flat 791 Carpet + 62 Dry Balcony + 167 Sit out + 274 Terrace for Rs. 55 Lakh Onward

Evidence Number 5

Evidence Number 6 -
A 2 BHK Flat - 1102 to 1192 Saleable - for Rs. 45.82 to 49.28 Lakhs + Service Tax @ 2.575 per cent + VAT @ 1 per cent + Maintenance for 2 years at the rate of Rs. 2.90 per sq.ft. per month on saleable area + Rs. 15,000 Society Formation:

Goldfinger Avenir Wakad 2 BHK Flat - 1102 to 1192 Saleable - for Rs. 45.82 to 49.28 Lakhs + Service Tax @ 2.575 per cent + VAT @ 1 per cent + Maintenance for 2 years at the rate of Rs. 2.90 per sq.ft. per month on saleable area + Rs. 15,000 Society Format

Evidence Number 6

Evidence Number 7 -
A 2 BHK Flat - 825 to 850 Carpet - for Rs. 53 to 55 Lakh:

2 BHK Flat 1037.25 Saleable on Odd Floors - Gera's Park View 1, 1 BHK & 2 BHK Flats at Gera's Emerald City, near EON IT Park, Kharadi, Pune 411014

Evidence Number 7

Evidence Number 8 -
A 2 BHK Flat - 1161 - 1294 Saleable - for Rs. 83 to 96 Lakhs:

Amit Sereno Baner Pune 2 BHK Flat for Rs. 83 to 96 Lakhs

Evidence Number 8

Evidence Number 9 -
A 2 BHK Flat - 540 Carpet + Terrace - for Rs. 18,74,284 + 75,000 Parking +16,800 Advance Maintenance of 24 Months + 38,000 Corpus fund:

2 BHK Flat in Gagan Akanksha Prayagdham - 540 Carpet + Terrace - 6th floor - Rs. 18,74,284 + 75,000 Parking +16,800 Advance Maintenance of 24 Months + 38,000 Corpus fund

Evidence Number 9

Evidence Number 9 -
A 2 BHK Flat - 596 Carpet with Sit-out & Balcony - for Rs. 20.81 Lakhs:

2 BHK Flat, 596 Carpet with Sit-out & Balcony for Rs. 20.81 Lakhs in A2, A3, A5, A7 & A8 at Kanchan Vrundavan Koregaon Mul, near Uruli Kanchan Pune 412 202

Evidence Number 9

Evidence Number 10 -
A 2 BHK Flat - 621 Carpet + 66 Terrace - for Rs. 38 Lakhs:

Pate Developers' West Coast Park Shivane 2 BHK Flat 621 Carpet + 66 Terrace for Rs. 38 Lakhs

Evidence Number 10

Evidence Number 11 -
A 2 BHK Flat - 850 - 862 Saleable - for Rs. 26 - 27 Lakhs (approx):

Collina at Kanhe - Tulip - 2 BHK Flat for Rs. 26 - 27 Lakhs (approx)

Evidence Number 11

Evidence Number 12 -
A 1 BHK Flat - 411 carpet + Dry Balcony + Terrace - for Rs. 27 - 31 Lakhs (Approx) :

1 BHK Flat in O P Wing - DSK Meghmalhar Phase 2, 1 BHK & 2 BHK Flats at DSK Vishwa, Dhayari Gram Panchayat, off Sinhagad Road, Pune 411 041

Evidence Number 12

Updates:

1) FRIDAY, DECEMBER 28, 2012

Most Fearful Housing Projects of 2012