Ravi Karandeekar's Pune Real Estate Market News Blog: magarpatta

Showing posts with label magarpatta. Show all posts

Friday, April 22, 2011

Visit to Nanded City Pune on 18th April 2011

Is it worth investing in Nanded City Pune?

Last Sunday morning, someone called me on my mobile 919860044110 to ask - "Is it worthwhile to invest in Nanded City Pune?"

"Yes! It's worth it to invest in Nanded City Pune - if you sincerely believe that you deserve to live a good life!!," i said.

"I was not asking about good life! Tell me how much appreciation i can expect!! My concern is - Though they have increased the rates recently - Why are the property rates in Nanded City Pune lower than other projects in Pune?," the caller asked.

"Because Nanded City Pune is planned for those who expect good life!," I said.

"Then why haven't you recently written much about Nanded City Pune?," the caller shot back.

"Sorry! My mistake!! I will correct it," i said and immediately called the concerned authority for the permission to visit and shoot the progress of Nanded City Pune (www.nandedcitypune.com).

Nanded City Pune Location Map(Click the Map to Enlarge)

Nanded City Pune - Residential District Phase I - 6 neighborhoods - Mangal Bhairav, Sarang, Madhuvanti, Lalit, Asawari, and Shubh Kalyan (Click the Plan to Enlarge)

Next day, Monday morning, on 18th April 2011, i visited Nanded City Pune. I visited each and every "neighborhood" - Mangal Bhairav, Sarang, Madhuvanti, Lalit, Asawari, and Shubh Kalyan - in the first phase of Residential District of Nanded City Pune. Construction of all these "neighborhoods" is going on in full swing.

"Ravi, now, I hope, you are convinced that construction is going on well!," pointing at the residential tower, my guide asked.

"Sir, i am not here to inspect! I am here to experience. Experience the quality of life one can enjoy in Nanded City Pune. My visit is not to check how much construction you have done. My visit is to visualize how happily one can live in Nanded City Pune!," i said and went on shooting photographs.

Though my guide didn't say anything, i could feel that he didn't believe that i was not 'inspecting'! So, to impress me, he started talking about the "cool south west wind", 30 % greenery and amenities like horse track, river side resort, adventure park in Nanded City Pune!

Oh! God!! How can i tell him that i was not considering those "great" things at all! I was only visualizing a life in a flat in this under construction building in Nanded City Pune which will have all simple - basic - essential - things - like a proper approach road to my apartment building, water in my toilet, power supply for the lift, safety and security of my parents, and a pavement safe for a walk with my kid!

How can i tell him that in most of the projects in the fringe villages like Ambegaon - Narhe - Wagholi and in the recently merged villages like Baner - Balewadi - Tathawade in Pune and PCMC, i visit - every day, these are not available at all. And nobody knows when they will be!

How can i tell him that how sad it is to see the people paying exorbitant prices for these properties which don't even have an approach road and water & drainage lines!

How can i tell him that for me "good life" means not a boat club but enough water to wash my butt. For me 'good life' means not a swimming pool but a sewage treatment plant. For me 'good life' means not a 'zen garden' but a garbage free neighborhood without a slum. Which i could see realizing here in Nanded City Pune!

You can have a look at my photographs - but to get the feel of a good life you can enjoy in Nanded City Pune - you have to visit - as soon as you can!

Nanded City Pune Photo-walk:

Marketing Office - Visit to Nanded City Pune on Sinhagad Road

Nursery - Visit to Nanded City Pune on Sinhagad Road

Mangal Bhairav - 1 BHK Flats - Visit to Nanded City Pune on Sinhagad Road

6 Lane, 48 meter wide, approx 5.5 kms long, Main Road - Visit to Nanded City Pune on Sinhagad Road

Wide pedestrian way, fencing and plantation mounds on the both-sides of the main road - Visit to Nanded City Pune on Sinhagad Road

Fensing and plantation mounds for privacy, polution and protection - Visit to Nanded City Pune on Sinhagad Road

Fences and plantation mounds for privacy, pollution and protection - Visit to Nanded City Pune on Sinhagad Road

Mango Groves! - Visit to Nanded City Pune on Sinhagad Road

Wide Walkways & Avenue View - Visit to Nanded City Pune on Sinhagad Road

Proposed Secondary School - - Visit to Nanded City Pune on Sinhagad Road

View of the Main Road - Nanded City Pune

Lalit - 2.5 BHK Flats - Visit to Nanded City Pune on Sinhagad Road

Proposed Primary School - Visit to Nanded City Pune on Sinhagad Road

Asawari - 2 BHK Flats - Visit to Nanded City Pune on Sinhagad Road

Asawari - 3 BHK Flats - Visit to Nanded City Pune on Sinhagad Road

Proposed Shopping Complex - Visit to Nanded City Pune on Sinhagad Road

Preserving excavated soil for reuse - Visit to Nanded City Pune on Sinhagad Road

Preserving excavated soil for reuse / refilling - Visit to Nanded City Pune on Sinhagad Road

STP Plant - Visit to Nanded City Pune on Sinhagad Road

Madhuvanti - Visit to Nanded City Pune on Sinhagad Road

Madhuvanti - 2 BHK Flats - Visit to Nanded City Pune on Sinhagad Road

Sarang - 2 BHK Flats - Visit to Nanded City Pune on Sinhagad Road

Botanical garden - Visit to Nanded City Pune on Sinhagad Road

Visit to Nanded City Pune on Sinhagad Road

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Friday, October 10, 2008

On the auspicious day of Dasara, Magarpatta City opens the bookings of 1 bhk flats!

Property rate Rs. 3,750 per sq.ft.!

An ad was released the day before Dasara. But the property rate was not 'disclosed' in the ad or even on the phone. The floor plan of 1 bhk flat was not available in the office or on the website, www.magarpattacity.com

Be on top of the world! For the rest of your life!!

When i called the Magarpatta City's office, i was told to come with the booking amount, cheque of Rs. 50,000, at 10 a.m. on the morning of Dasara.

When i asked, would it be better if i come early in the morning and stand in the queue, the answer was obviously 'yes, that would be better. We have got hundreds of telephone calls since morning.'

Must be! I am very much sure about the telephone calls. Pune property buyers have a great sense of humor. PBAP Property Exhibition is a recent proof.

1 bhk flat of 553 sq.ft. for 25 lakhs:

On the auspicious day of Dasara, i behaved like a true Punekar. I did not go to Magarpatta City. I made one more telephone call. Good, now, i have all the details!

1 bhk flat. 553 sq.ft. Real estate price is Rs. 3,750 per sq.ft. Total budget is Rs. 25 lakhs. Possession is after 2 years. Booking amount, may be because of 'liquidity crisis', is Rs. 50,000 only!

But what about the parking? Is it extra? How much? Whatever! Who bothers about 2/3 leaves when "Aapta tree" is here, in your neighbor's compound?

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Wednesday, October 8, 2008

Kondhwa: Pune's emerging terror nest

Prime Location:

This news reminds us that builder builds wherever he gets the plot of land and calls it 'the prime location' or 'the most convenient location'.

Location may be near Airport, on the expressway, out side the Pune Municipal Corporation limits - in the Gram Panchayat, on the bank of a polluted river, on the hill slope or near Hinjewadi - where actually we should develop IT parks.

Most of us see through this claim and question about the essential shopping, lack of infrastructure - mostly road and water, pollution, old, not so attractive, residential developments - 'basti' but how can we decide whether this neighborhood is safe for our family? By visiting the police station of the area?

Please, read this news about Kondhwa and share your views about "choosing the right locations for your home in Pune" in the comments. You can share your experiences and opinion about a particular area, neighborhood, location in the comments. (Please, read the comments policy of Ravi Karandeekar's Blogs)

The arrests of four suspected Indian Mujahideen (IM) members from the Kondhwa area of Pune and the revelation that they had used a plush flat at Ashoka Mews to fine-tune their plans to send terror emails and hack into WiFi networks has left local residents shocked. To read more, please, visit - -The Times of India

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Sunday, September 28, 2008

Nanded City Pune News - Get ready to select the flat, pay your own contribution and register the agreement!

Everything depends upon the property rate!

From the next month, October '08, Magarpatta City's 700 acre integrated township on Sinhagad Road, Nanded City Pune will start the process of allotment of 5,000 flats in one sector.

You will be invited in the groups of 100s. For the first time, you will see the floor plans of the flats. Then you will decide whether you want to book a 1 bhk , 2 bhk or a 3 bhk flat. Actually, you do not need any time to finalize the flat and pay your own contribution, 10% of the agreement value, but Nanded City Pune is giving you a month. After you pay your own contribution you will be called to sign and register your agreement.

This process will start in October and will end in December '08. Whether you will get the first opportunity or the last will depend upon your rate. No, you may have paid the highest rate, Rs.3,500 per sq.ft., but you will not get the first opportunity to select the flat and the building. You lazy fellows, will be the last, may be in December. Dear Nanded and Magarpatta City family members, your rate was Rs.2,750, you will be the first, in October. And honorable gentlemen, who had given Rs.3,250 per sq.ft. will be second in the months of November - December.

Isn't it strange?

No! This is the first lesson of harmonious community living for which Magarpatta City is famous for. Nothing depends upon how much money you have, what is your paying capacity or what property rate you are paying. Every thing is done on the first come first serve basis!

Not convinced! OK!! You must be reading my blog on Nanded City Pune for the first time. Sir, some times strange things happen in this world. People pay without seeing the product. If you want to know why, please, read my posts on Nanded City Pune.

After reading, if you feel that, it should be you who is served first, every hot Pune real estate news before anybody else, please, subscribe for free to my Ravi Karandeekar's Pune Real Estate Market News Blog.

Visit and join my Google Group for free - Ravi Karandeekar's Pune Real Estate Blog Group to know about my other related blogs, for example, Ravi Karandeekar's Pune Real Estate Investment Blog and Ravi Karandeekar's Pune Real Estate Advertising and Marketing Blog. If you are more interested in an area near Hinjewadi, you will like my Ravi Karandeekar's Pune Real Estate Blog.

Welcome to Nanded City Pune!

Nanded City Development & Construction Company Limited.
Corporate office: Megaspace,13 Solapur Bazar Road, Off east Street,Pune - 411 001.
Site Address: -Nanded City, Sinhgad Road, Pune, India.
Email: nandedcity@magarpattacity.com
Website: - www.nandedcitypune.com
Tel.No. -020-64705471 / 72, 64705474.
020-24391222 / 24391223 / 24391224 / 24391225

My blogs on Nanded City Pune:

1) What are your views on living in a gated community, townships like Amanora Park Town or Kumar Properties' Megapolis?

2) Everybody in Pune is talking about Magarpatta City's upcoming project 'Nanded City' on Sinhgad Road

3) Magarpatta's Nanded City may be on Sinhagad Road but it is an extension of Warje, Kothrud annex!

4) Launch of Nanded City, Pune - visit to the venue of Magarpatta's upcoming mega township on Sinhagad road

5) Launching of Nanded City, Pune - A farewell to India!

6) Nanded farmers turn shareholders in realty venture

7) Is Nanded City, Pune all about real estate development?

8) Nanded City - Pune opens bookings at Rs. 3,250 per sq.ft. from today morning at site on Sinhagad road in Pune

9) Magarpatta's Nanded City Pune closes it's offer of phase 1 with a promise to open 2nd phase in December 2008

10) Magarpatta's Nanded City - Pune: Mr. Suresh Kalmadi, MP and Chairman, Pune Vyaspeeth, you too?

real estate Indian real estate Pune real estate Pune news Pune news Pune real estate news Pune real estate market Pune real estate market news blog Pune real estate blog Pune property blog Pune realty Pune real estate investment Pune real estate marketing upcoming and ongoing real estate projects in Pune current property rates in Pune latest real estate prices Ravi Karandeekar

Wednesday, August 6, 2008

To know more about Tanaji Malusare City at Karjat, please, visit their website www.tmcity.in

Milind, Rekha and all who called me - this is for you:

From the moment i posted the blog Tanaji Malusare City, 100 acre low cost housing scheme near Karjat, to offer 10,000 flats at Rs. 999 per sq.ft. all of you are calling me to ask "how to book a flat in Tanaji Malusare City? At last, i found their website www.tmcity.in, which gives enough details about the project and answers most of the questions.

My builder readers are also curious to know the details of the project. "How is it possible?" means "Is it financially viable?" means "Is it that profitable?" they want to know!

Karjat:

Website tells you about the Karjat - an extended suburb of Mumbai and Navi Mumbai.
1) Importance of Karjat as a railway terminus.
2) How trance-harbor link between Sewari - Mumbai and Navi Mumbai is going to make Karjat more attractive location.
3) How infrastructure developments in Raigad districts - Reliance SEZ, Navi Mumbai SEZ, new international airport at Panvel makes Tanaji Malusare City very attractive investment destination.

Next What?...... Daund?

What is the ideal location for an affordable housing for Pune?

Fringe villages, Ambegaon, Wagholi and Fursungi are out of question. Thanks to Amit's Bloomfield, Kumar Properties' Park Infinia and Bhandari Associates and Harmony's Savannath! Here property rates are already in the range of Rs. 2,200 per sq.ft. to Rs.4,000 (!)

We can not think of Loni. Because Magarpatta City is launching a township project there. Experience of Nanded City Pune tells us that integrated townships financed by Farmer's Direct Investment are as expensive as Blue Ridge and Megapolis, townships financed by foreign direct investment. And more expensive than Pune and Pimpri Chinchwad Municipal Corporation. Means if you want to live in India, Indian knowledge workers should live in Indian City or village or better he should shift to Silicon Vally!

So what's next? One of my builder friend said "Daund!" "Chale ga?" he asked in Hindi. I said "Daund! Daude ga!!" What do you think? Is Daund good location for an affordable housing? Please, let me know in the comments. I find it an ideal location. As good as Karjat!

To know more about an affordable housing in and around Pune:

Keep your fingers crossed and:
1) Subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog
2) Subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog
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Tuesday, June 3, 2008

Nanded farmers turn shareholders in realty venture

Reams have been written about the entrepreneurship of a bunch of 120 farmers, headed by Satish Magar, the brainchild behind the Magarpatta city township in Pune. Now, more than 20 km away, another group of farmers have sown the seeds of yet another success story. Together, they have pooled in their land to create a 700-acre canvas for the Nanded city township at Pune-Sinhgad road.
Read More:

Related Stories:

1) Bookings of Magarpatta's Nanded City,Pune to open from 5th June 2008

2) Tempest bags Nanded City - Pune Advertising Contract

3) Sharad Pawar to launch Nanded City, 700 acre mega township on Sinhagad road in Pune, today

4) Launching of Nanded City, Pune - A farewell to India!

5) Magarpatta's Nanded City on Sinhagad road in Pune - an exclusive slide show gives complete idea about 700 acre mega township

6) Rahul Ranade on Nanded City Pune

7) Magarpatta's Nanded City, Pune - 700 acre mega township on Sinhagad road, Pune

8) News links for Magrpatta's Nanded City - Pune launch on June 1, 2008

real estate Indian real estate Pune news Pune real estate Pune real estate news Pune real estate market Pune real estate market news Pune real estate market news blog ravi karandeekar Tempest Rahul Ranade Flickr Ravi Karandeekar\'s Pune real estate Flickr group

Friday, May 30, 2008

Nanded City Rocks....

Almost 2000 flats have already been booked before this project was made public.
RD's Rocking Updates: Nanded City @ Pune had a grand opening

But, i have heard more.....what about you?
Please, share your "exclusive Pune real estate market news" with all in the comments!

Related Story:

Satish Magar announces the launch of Nanded City - Pune, 700-acre mega township on Sinhagad Road

Tuesday, May 20, 2008

Welcome to Nanded City Pune - Have you visited the website of Magarpatta City's upcoming integrated township on Sinhagad Road?

Website launched!

Actually there is no info on the website "Welcome to Nanded City Pune" but still it is worth visiting.

First page has the same visual and the copy of the press ad - "After the successful creation of Magarpatta City...Await more news from us..".

When you click the link "click here", first you see the Flash dance and when it settles down, below the well known visual, you find an inquiry form with the heading -

If you want us to get in touch with you, please give us your details!

Have you been to "Magarpatta City"?

Recently, I was at Magarpatta City. As soon as we entered, my friend shut off the car A/C and opened the windows. I was there for not more than 4 hours. But when we left and came on the main road, i felt like coming out of the movie theater. It is too good to be true. What is your experience? Please, share in the comments!

Please, "EMAIL THIS" hot Pune real estate market news to all your friends and subscribe to my blog!

Related Stories:

1) Magarpatta's Nanded City may be on Sinhagad Road but it is an extension of Warje, Kothrud annex!

2) Magarpatta's Nanded City on Sinhagad road - coming soon - how soon?...in a couple of weeks?...everybody wants to know....

3) Everybody in Pune is talking about Magarpatta City's upcoming project 'Nanded City' on Sinhgad Road

4) "Magarpatta City in Pune could be the model for a land acquisition and rehabilitation policy of The Confederation of Indian Industry ", Sunil Mittal

5) FDI: Farmers' Direct Investment

real estate Indian real estate Pune news Pune real estate Pune real estate market news Pune real estate market news blog upcoming townships in Pune Sinhagad road

Thursday, May 8, 2008

Magarpatta's Nanded City on Sinhagad road - coming soon - how soon?...in a couple of weeks?...everybody wants to know....

Most popular Google Search:

I called my contacts at Magarpatta City to find out when they are going to launch "Nanded City" on Sinhgad road. Of course, before asking this, i thanked him too. Till last month, everybody in Pune was talking about it. But now, even Magarpatta has started talking about it! Plans of Nanded City are ready since long, i knew. Now, they have finalised the name and the logo. Which means website and brochure must be in the final stage of designing. So why wait? Monsoon will be here in a couple of weeks!

On the occasion of Gudi Padawa, April 6, 2008, for the first time Magarpatta City said "Await a 700 acre Mega Township on Pune Sinhagad Road" From that day, i have noticed, everyday Google search for Magarpatta and Nanded City is multiplying.

Ad released on Akshay Tritiya, May 7, 2008 says, "coming soon.." and yes, now it's officially "Nanded City - in tune with nature...A project by Magarpatta Cty...The pride of Pune" Soon is fine. But when?

Do you know what to do to receive latest news about Nanded City? Subscribe to my blog's RSS or emails. Yes, to tell your friends and relatives about Nanded City email this, there is a link bellow the post.

Related Stories:

1) Everybody in Pune is talking about Magarpatta City's upcoming project 'Nanded City' on Sinhgad Road

2) FDI: Farmers' Direct Investment

3) Nobel Hospitals to focus on critical care

4) Hike the development charges for townships!

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Tuesday, January 8, 2008

Everybody in Pune is talking about Magarpatta City's upcoming project 'Nanded City' on Sinhgad Road

Last Sunday morning, while coming back from Sinhgad, i stopped at Khadakwasala Dam. No, not to enjoy the beauty of the sleepy lake. I prefer and enjoy running water,especially when it wakes me in the morning (through the leaky kitchen tap). I stopped because i was too tired to push the peddles of my old bicycle.

After a few minutes of rest, i started wondering about my cycling. Is it wise to get an inspiration from my own blog on "cycle to work"?

Is it worth going to Sinhgad on a Sunday morning and not eating Kanda-Bhaji? Am i punishing myself because I blog on "health care and wellness"?

Do i truly believe that i do not deserve to eat Kanda-Bhaji because i am not going to Sinhagad after booking a flat at Darode Jog's "Crossover County"?

So many questions means time to ride the cycle, i realized and hit the road again. After crossing Khadakwasala village and the gate of CWPRS, i saw the site of 'Swami Samarth Developers' to the right. Surprisingly, the site office was open. Obviously, i stopped.

"What is your requirement?" asked the person when i was trying to enter the office. Though he was standing at the tea stall next to the office, i understood his question and told him that i was looking for 2 bhk flat for investment purpose. I was confident i was looking high net worth individual because i was in my worst shorts.

"Come on, i will show you the last 2 flats" he said and stared walking. We stood in front of a building whose third slab was cast, may be yesterday. He pointed at the slab and told me it will cost me 20 lakhs.
"What is the asking rate?" i asked.
"2,000!"
"2,000?"
"Yes, if you go to the builders' office, he will reduce not more than 35 rupees." he warned me.

I started looking at the completed buildings on both the sides of the under construction building without responding to him. He told me those buildings are 2-3 years old and at that time the rate was 800 rupees.
"In 3 years from 800 to 2,000! Why?" i asked him.
"Wait a month and the rate will increase more." he said with joy.
"Why? What is going to happen in a month?" i asked.
"Magarpatta is coming in Nanded." he said.
"How can Magarpatta come to Nanded? Magarpatta is not on wheels." i tried to be humorous. "What is this place? Is this Nanded?" i asked.
"No. This is Kirkatwadi. Nanded is little further down the road." he said and started talking about how every thing is going to change in a few months.

Kirkitwadi! Other day, my dear friend Sachin Kulkarni, M.D. of Vastushodh Developers, was talking about launching his mega township in Kirkatwadi. So i went a little ahead and stopped at Kirkatwadi junction. Sipping tea at the road side stall i tried but couldn't imagine Sachin's silver Mercedes driving down that small kacha-road to the site. No wonder most of the builders visit their sites only once in a while.
But where is Nanded? Some one told me to go half a kilometer ahead so i started cycling again.

I crossed a canal and took a turn and saw a board of Jhala and Kodre Associates' "Rajyog". Nearly a kilometer inside down the main road, this is one of the well known project on Sinhagad road. Well known means it's ads were in the news paper all the time.

Impressive main entrance gate, lovely row houses and new white buildings were tempting me to go and inquire about the availability. Obviously, there was no one in the site office. But the site engineer gave me a brochure and said rate is only 2,700 rupees.
"Can i get anything in ready possession?" i asked as if i was not hopping to get a ready possession flat. But, we all know, in every scheme ample of ready possession flats are available.
"Ready possession at 2,700 rupees is good but not on Sinhagad road." i complained when he said few flats are available.

"Sinhagad road is not cheap anymore. Our neighbor's, Darode Jog's rate is 3,500." he told me very proudly.
"Why are you charging less? Is their quality superior than yours?" i asked the site engineer.
"No! Quality is the same but their presentation is better. Wait for a month. Our rates are also going to increase." he said proudly.
"Are you going to improve your presentation or what?" i asked curiously.
"On 26 January, Magarpatta is launching its 200 acres township in Nanded. After that rates are going to go up on Sinhagad road." he told me the secret.
"But why property rates will go up after Magarpatta's launch? Actually, your rates should come down. Who will come to book in your project? Every one will go to Magarpatta. I will be the first one" i told him frankly. I was going to tell him what happened in Baner-Balewadi and Wakad after the launch of the Paranjape Scheme's Blue Ridge.

But the site engineer became a little serious so i said, "Magarpatta is like Reliance Fresh. You know, when Reliance Fresh opens it's store, business of small vegetable stalls goes down"
Suddenly, i saw a bright smile on his face. He said,"That's why the owner of this land stopped growing vegetables and became a builder! You do not have to throw away unsold flats like unsold spinach or tomatoes. Booking may slow down but rates will go up. We do not have to worry about our produce becoming stale. We can hold on!"

I asked him about his future plans. Yes, one day he is planning to become a builder. I told him he is going to become a big builder and came on the Sinhagad road to visit Darode Jog's Crossover County.

You are impressed with the sophistication as you enter in the "Crossover County" project site and when you push the big door of the site office you know you are at a premium project.

I always used to admire Darode Jog for their carefully executed single building projects at a prime locations in Pune. Every project used to look like a well groomed, well educated, well mannered gentleman. But now, this 'Crossover County' looks more glamorous and flamboyant.

Trying to accept the change i gave complements about the site office to a pretty sales girl who welcomed me with a sweet smile. "This is our Darode Sir's dream project!" she told me.

"Good! Mr. Darode's dream is becoming expensive day by day." i said looking at the property rate card. I saw rates 3699, 3799, 3774, 3874, 3899 and more rupees per sq ft but could not find 3,500 anywhere.
"Wasn't the rate 3200 when the project was launched?" i asked in disbelief.
"But that was in August! In few days rates will be going up." she said with a smile.
"Oh no! Don't worry. We will hold them down and will not let them go up!" i said seriously.
"No, our sir increases rates when he feels like increasing! He says this will go up to 5,000 in a month." she confessed.
"Why? Your sir dreams about the project or only about the rate?" I questioned her.
"Our sir says after Magarapatta is launched on Sinhagad road, rates will go above 5,000!" she said.
"But Magarpatta is booking it's last phase and still Maragpatta's rates are less than yours. Today Magarpatta's rate is only 3,500." i said while trying to log on to Magarpatta's website on my mobile.
"No, but it always actually happens when our sir dreams!" she said faithfully.

I called Magarpatta and asked the first person who took the call, "When are you launching your project on Sinhagad road?"
"May be in April! We will post about it on our website!" he said.
"Great! Hope you have not decided to launch it on the 1st of April." i said and rode my bicycle.
I was one of the few persons who were driving as per the prevailing traffic rules on the Sinhagad road.

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Saturday, July 14, 2007

FDI: Farmers' Direct Investment

IT is a township that is attempting to redefine the FDI acronym. It is not about foreign direct investment rather it should be read as ‘Farmers’ Direct Investment’ — making farmers stakeholders instead of getting into conflict with them over land acquisition seems to be the maxim of this model.

That is how Satish Magar, one of the chief promoters of the successful Magarpatta Township Development and Construction Company (MTDCC), wants it to be seen. The Magarpatta model, where farmers pooled their land to promote the Magarpatta City project, is being replicated again in the district.

Magarpatta to be replicated in Nanded

"Pune can absorb up to $2-3 billion in Foreign Direct Investment annually"...

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Sunday, July 8, 2007

Hike the development charges for townships!

The amount raised through such hike ought to be utilized for basic infrastructure facilities like roads, sanitation and water supply. While townships and housing and commercial projects do benefit cities, it also put an extra burden on local self-governing bodies and the state, primarily responsible for providing basic infrastructure. The revenue collected from the prevailing development charge is grossly insufficient when compared to the investment that the civic bodies have to make for ensuring basic infrastructure to new projects.

At Pune Municipal Corporation (PMC) where promoters and developers, driven by some latest income-tax benefit, made a beeline in the last three to four months for getting their projects approved. The PMC earned Rs 200 crore through development charges but it will have to spend Rs 700 crore for providing infrastructure facilities to these projects!........Pawar for hike in development charges-Pune-Cities-The Times of India

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Tuesday, July 3, 2007

Nobel Hospitals to focus on critical care

Noble Hospitals, promoted by a group of Pune-based doctors and real estate developer Magarpatta Township Development Company, will launch operations next week to offer critical care to accident victims and also look at providing tele-medicine facilities to practitioners in the surrounding areas......Nobel Hospitals to focus on critical care

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Friday, June 22, 2007

Indiawest Online: Magarpatta: Pune's Dream City Takes Shape

Step inside the high-security gates of this walled city within Pune and it's as if someone has waved a magic wand. The dust, grime and noise of the surrounding Hadapsar precinct of Pune city vanish, to be replaced by a swanky township........... Indiawest Online