Ravi Karandeekar's Pune Real Estate Market News Blog

Property Prices of Economical 1 BHK & 2 BHK Flats at Namrata Group's "Eco City", on Varale Road, near Indrayani Mangal Karyalaya, Talegaon Dabhade:

1 BHK Flat - 16.82 to 17.83 Lakhs - 401 Carpet (including balcony) - Living cum Dining - 9'6" x 14'6" + Kitchen - 7' x 11'3" + Bedroom - 9' x10' - Namrata Eco City, 1 BHK & 2 BHK Economical Flats, Varale Road, Talegaon, Pune

2 BHK Flat - 23.44 to 27.23 Lakhs - 574.9 Carpet (including balcony) - Living cum Dining - 14'6" x 10' + Kitchen - 10'6" x 8'6" + Bedroom - 10' x 12' + Study - 10' x 8'6" - Namrata Eco City, 1 BHK & 2 BHK Economical Flats, Varale Road, Talegaon, Pune

It was almost dark, by the time I reached Varale Phata. I should not have wasted time at Talegaon railway station. Avoiding Balu Vadavala at Yeshwant Nagar corner would have been better. Or at least, if I had eaten only one vada pav, I could have walked a little faster and reached Namrata Eco City earlier. Before the sunset. I thought.

But when I saw the lights at the site, I felt good about being late. From the main entrance gate to the site office, Namrata Eco City was looking beautiful. I took out my camera and started shooting. Wondering why Namrata Group has spend so much on a project which is ideal for a needy home buyer!

There was no need to make a sample 1 BHK Flat, as well as a 2 BHK Show Flat - for a needy home buyer who has a small budget. The name of the builder - Namrata Group (www.namratagroup.com) - was more than enough for him to book!

"Thanks for visiting! After you finish, please, meet me. I am around. Eager to hear your critical comments. Which are always useful for a young builder like me!," shaking my hand, Mr. Raj Shah, Director, Namrata Group said.

"Thanks for the compliments! If you don't mind, I can give one important suggestion right now!," I said.

"Yes! Go ahead!!, " Mr. Raj said.

"Who is the target property buyer for Eco City?," I asked.

"Middle class salaried home buyer - working near Mumbai Pune railway track - from Karjat to Pune Junction - From blue to white color workers - from Talegaon to Chakan MIDC & from Talawade to Hinjewadi IT Park," Mr. Raj said.

"Stop! Don't build homes for actual home buyers, anymore! Focus on middle class investors - who want to buy a property and rent it out. Go for NRIs. Go for speculators. Go for easy fish. Which are abundant in supply. 60 per cent of the total market! The actual home buyers are slow and few. Only 40 per cent. Very costly to catch and painful to service. Analysis of Mr. Kishor Pate of Amit," I said.

"Really? Have a look and come over. Let us talk it out," Mr. Raj said.

I visited both the flats. Loved the planning of 1 BHK & 2 BHK. Must have invested many hours in designing right property at a reasonable price. Saw that every cabin was busy. Even after 7 pm no property buyer was in a hurry to go home. If these had been investors, by this time - all would have been at their homes. Enjoying satisfaction of owning a property and fantasizing about the rental income & appreciation.

I finished the photography and asked someone for a brochure. Giving a brochure, he said, "We are planning to use - Mivan - alu form technology for construction!"

So, I looked at the guy. He was Mr. Ravi D. Shah. Executive Director of Namrata Group!

"Mivan - formwork! Good for the property buyers. Better finish & early possession. But - what's the benefit for a builder? Stream lined - fast pace of construction is not good for a builder. You can't use buyers funds to buy more land. Launch one more project! Why take so much trouble for the property buyers? Instead of that take 3 years for possession and use buyers funds - for free - to build your business!," I said.

"I have opened booking only of first phase. 5 Acres. But Eco City is 25 acre township! For me, form-work means more turnover! Good for both. For the home buyers & for the builder," Mr. Ravi said.

"25 acre township at a walking distance from Talegaon railway station is simply the great investment opportunity for the investors & speculators! Why are you talking about property & possession? And not about huge appreciation?," I asked.

"Because, Eco City is for the home buyers!," Mr. Ravi said.

"M/s Ravi & Raj, you must be one of the last few builders in Pune who are constructing for the actual home buyers! Can I click your photograph?," I asked.

Mr. Raj & Mr. Ravi Shah, Directors, at the Site Office of Namrata Group's Eco City, 1 BHK & 2 BHK Economical Flats, on Varale Road, near Indrayani Mangal Karyalaya, Talegaon

2 BHK Show Flat of Namrata Group's Eco City, 1 BHK & 2 BHK Economical Flats, on Varale Road, near Indrayani Mangal Karyalaya, Talegaon

Site Office of Namrata Group's Eco City, 1 BHK & 2 BHK Economical Flats, on Varale Road, near Indrayani Mangal Karyalaya, Talegaon

2 Wheeler Stand at Talegaon Railway Station

Lonavala Pune Local at Talegaon Railway Station

View Namrata Eco City, 1 BHK & 2 BHK Economical Flats, Varale Road, Talegaon in a larger map

Contact Namrata Eco City Talegaon:

86001 66661 / 86002 66661 / 96733 99901 / ecocitysales@namratagroup.com / www.namratagroup.com

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Tuesday, December 11, 2012

Namrata Eco City Talegaon - Launched!

Property Prices of Economical 1 BHK & 2 BHK Flats at Namrata Group's "Eco City", on Varale Road, near Indrayani Mangal Karyalaya, Talegaon Dabhade:

Contact Namrata Eco City Talegaon:

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