Nikhil Rane succumbs to bullet injury

Nikhil Rane (42), builder of Vanshaj InSignia at Baner - Sus, group housing project of IT professionals working in Hinjewadi, who was shot at by unidentified assailants in broad daylight at his office on Jungli Maharaj Road on November 23, passed away at 10.45 am on Monday at the Sancheti Hospital due to spinal shock complications.

Sancheti Hospital chairman Dr Parag Sancheti said Rane was proclaimed dead after his pulse went down due to the shock he sustained in his spinal cord as a bullet fired by the assailants got lodged in his neck.

To read more, please, visit DNA E-Paper

Builder who was shot at dies (TOI)

InSignia_Pune News - How come some 2 BHK Flats in the 2nd Group Hosing Project at Sus are still available for booking?

Is it because some of us find it difficult to believe in ourselves?

When i saw the latest list of members of 2nd Group Housing Project of InSignia_Pune, housing group of IT professionals working in Hinjewadi Pune, i was shocked.

In the 2nd Group Housing Project of InSignia_Pune, all 4 BHK Row Houses ( Town Houses) are booked, means applied for. Only couple of 3 BHK Row Houses are available which may go at any point of time. For 3 BHK Flats, response is satisfactory. But how come all 2 BHK Flats are not booked by this time? Considering the current trends in Pune real estate market, i thought, not a single 2 BHK Flat should have been available for booking by now!

"This is not right. I am over expecting, I should be more realistic. I should see the positive s and be less critical," I told myself. Yes, actually, the response for the second project is much better than the first project. In just 1 month more than 50% project is already booked!

I should remember that the property rates of InSignia_Pune Group's 2nd housing project, budget of a 2 BHK Flat and floor plans are not yet finalized. Considering the tight budgets of the first time home buyers, it sounds reasonable if they decide to book only after these details are finalized, i convinced myself.

Then came Pune Expo 09 and The Times Property Show. Away from the site office, in comparatively relaxed mood, i could chat with many real estate salespersons. Like typical salespersons working in any field, we started gossiping about our past and present bosses, means Pune builders, and then went on bitching about our customers, over smart property buyers from Hinjewadi.

However, the conversation became serious when someone opened the topic of pay scale, incentives and commission in Pune real estate market. Certainly, prospects are very dull. New projects are not coming. Availability of flats is less. Property prices have increased more than in the days of real estate boom in Pune. Low budget projects have failed to speed up.

Most important, first time home buyers market which creates job opportunities for the real estate salespersons is shrinking. Today, if you want to buy a 2 BHK flat in Aundh annex, or in any popular location in Pune real estate market, your budget must be above 35 lakhs. When we crosschecked the list of upcoming projects, all were above 50 lakhs which made my friends more nervous.

This conversation motivated me to post the blog on the property rates and budgets of 2 BHK Flats in Pune real estate market. While compiling the data, i was wondering about the availability of 2 BHK Flats in InSignia_Pune Group's 2nd project.

Not only 850 members of InSignia_Pune Group but every IT professional in Hinjewadi, i am sure, knows that, today, only in this project you can get a 2 BHK Flat in less than 30 lakhs. Then, i was wondering, why aren't all 2 BHK Flats booked?

Is it because it's easy to believe someone else, even a small time builder or his fly by night broker, than yourself? What do you think? Why some IT professionals are taking so much time to book their 2 BHK Flat in InSignia_Pune Group's 2nd housing project at Sus? Please, share your views in the comment. Comments Policy

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Neighbors of InSignia_Pune: Update 1: Multicon Developers' Pinewood, Baner, Pune

Multicon Developers open booking of Pinewood, Baner, Pune:

Pinewood, new neighbor of InSignia_Pune, Hinjewadi IT professional's housing project in Baner Pune, will have two 11 story buildings. Both buildings will have only 2 bhk flats.

Approximate sizes of 2 bhk flats are 1,068 sq.ft. and 1,075 sq.ft.

Negotiable property rate of Pinewood is Rs. 2,750 sq.ft.

Total budget of the 2 bhk flat is approximately Rs. 35 lakhs.

Possession would be in December 2010 (!)

For more information, please, call Parag 91 98221 94000 or Nikhil Athavale 91 98220 70556

Visit www.multicondevelopers.com

Insignia - housing group formed by IT professionals working in Hinjewadi, Pune, finalizes their first scheme of 2 and 3 bhk flats and Town Houses

Unbelievable property rate and location!

Rs. 2,250 per sq.ft. for flats

Rs. 2,350 per sq.ft. for Town Houses

Near Pashankar Auto, Baner

From the day i blogged the small ad about "Housing group of 100 IT professionals in Infosys is looking for a reputed developer!", i was dying to blog this "breaking news"!

At last, today, Nitin Degaonkar, send me an email and gave this "hot news" about finalization of their project of 2 and 3 bhk flats and 3 and 4 bhk Town Houses at Baner - Sus border, near Pashankar Auto.

Can my readers get a flat at Rs. 2,250 per sq.ft.?

"All Members of the Insignia Group, Congrats! Well done!!," though i was talking to Nitin, i addressed to all members because, i know, he always insists on giving credit to "Insignia Group" and asked, "Are you taking new members? Can my readers get a flat in this project?"

"We have already started the process of allotment! And there is an eligibility criteria to become a member. So it would be better if they first join the Insignia Group," Nitin Degaonkar said.

To join, please, visit Yahoo! Groups - insignia_pune :Insignia

Have we found the bottom of real estate prices?

We all were waiting for Pune property rates to reach to the bottom.

Now, Insignia Group has finalized their rate at Rs. 2,250 per sq.ft.

At Narhe - Ambegaon, off Sinhgad Road, "Darode-Jog" is launching "greenlandcounty" at Rs. 2,350 per sq.ft.

At Pimple Gurav, property rates of Kalpataru Estate are in the range of Rs. 2,200 to 2,300 per sq.ft.

Amit's Astonia was launched at Rs. 2,300 per sq.ft. at Balewadi.

Yesterday, Ashish Yadav's group has come up with the offer of Rs. 2,525 per sq.ft. for Baner Balewadi.

I think, we have found out the "bottom rate" of the property in Pune real estate market! What do you think? Please, share your views in the comments. (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

Subscribe for Free!

To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group