Property rates at Neo City Wagholi - On Saturday Evening, 22nd January 2011:
Garden Facing Flat Rs. 2,500 per sq.ft. & Non Garden Facing Flat Rs. 2,400!
What would be the property rate on Sunday Evening?
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| Property Rate for 1st 50 Flats in Neocity Wagholi Pune Nanagr Road - Rs. 2,151 per sq.ft. for the saleable area |
On Saturday evening, when i was in Neo City(www.neocity.info) - on Nagar Road, behind Jain College, next to Lexicon International School at Wagholi, Pune 411 027 - all 1 BHK Flats in the first phase were booked. Only a few 2 BHK Flats were available. But a huge number of property buyers at the site were interested in the 2 BHK Flats. So, 'by the public demand' the builders of Neo City Wagholi - Pristine Properties + Jalan Group + Maple Group - opened booking of "F Building" of 2 BHK Flats - in the second phase. Of course, at the higher property rate. At Rs. 2500 for the garden facing flats and Rs. 2400 for the Non-garden facing flats.
At these rates, on Saturday evening, the property price of a 2 BHK Flat in the F Building - 590 sq.ft. Carpet Area + Terrace - was approximately Rs. 22.20 lakhs for Non-Garden Facing and Rs. 23 Lakhs, approximately, for the Garden Facing Flats.
Looking at the response to Neo City Wagholi, i guess, today evening, on Sunday, 23rd January 2011, the property rates would rise to Rs. 2600 - 2700 per sq.ft. However, even at those rates the property price of a 2 BHK Flat in Neo City Wagholi would be approximately Rs. 25 Lakhs. Which is quite an attractive property price! Isn't it?
Launch Offer for the first 50 flats in Neo City Wagholi:
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| 1 BHK Flat for Rs. 12.91 lakhs & 2 BHK Flats for Rs. 17.40 lakhs Onwards - ONLY for the first 50 Flats in Neo City Wagholi Pune |
The "Launch Offer" - 1 BHK Flat for Rs. 12.91 Lakhs (+ Service Tax + VAT) and a 2 BHK Flat for Rs. 17.40 Lakhs (+ Service Tax + VAT) - was only for the first 50 flats in Neo City Wagholi. However, the first 50 flats were booked in a few minutes. So, the builders of Neo City offered additional 50 flats at the launch property price. In no time, these flats were also booked. So, by noon the booking rate at Neo City Wagholi was Rs. 2350 and 2450 per sq.ft. Around tea time, that property rate was increased to Rs. 2400 & 2500!
Of course, the flats which were opened for booking - at the higher property rate - had a bigger carpet area than the flats in the launch offer. So, obviously, the all inclusive property price of a 1 BHK & a 2 BHK Flat increased substantially.
"Other Facilities" and "Maintenance":
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| "Other Facilities" add to the property price of your 2 BHK Flat in Neo City Wagholi |
Besides the current price of approx Rs. 22.20 lakhs (Non-Garden Facing) or Rs. 23 Lakhs (Garden Facing) Flat, you have to pay Rs. 1,50,000 or Rs. 1,00,000 - if you want certain optional "facilities"! Looking at the cars and motorcycles parked at the site office of Neo City Wagholi, for sure, every one must have opted for this "other facility! It means "today's" all inclusive property price of a 2 BHK Flat - of 590 sq.ft. carpet area + terrace - in Neo City Wagholi is in the range of Rs. 23 - 24.5 lakhs!
Of course, in any ways, this is only "todays" property price of a 2 BHK Flat - 590 carpet + terrace - in the F Building at Neo City Wagholi. At the time of possession, for your 2 BHK Flat, you have to pay "maintenance charges" too. At the rate of Rs. 2 per sq.ft. per month, you have to pay maintenance charges for the first 12 months. Which means that you have to pay approximately Rs. 20,000 more!
Booking and Living in Neo City Wagholi:
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| neo city wagholi pune - new home for a new begining... |
I met Mr. Vijay Jalan, of Jalan Group, one of the partners in Neo City Wagholi and thanked him for launching a 2 BHK Flat in the price range of Rs. 25 Lakhs.
"No need to thank! I haven't forgotten my roots! These are my people. I always build for them," Mr. Jalan said - the same thing he had said at the launch of Aura County at Ubale Nagar, near Kharadi Jakat Naka on Nagar Road.
"OK! In that case, i am sure, i can congratulate you for offering the property at the rate of Rs. 2500 per sq.ft.!," I said.
"Yes! You must congratulate me for the property rate! It's challenge! You know the land rate in Wagholi is 800 rupees and the construction cost is around Rs. 1500 per sq.ft. Even if you consider my average selling price - you will agree that my profit margin is very less than any builder in Pune. Still, i am offering the best possible amenities in Neo City Wagholi - like a mini golf course! Why? Because, I haven't forgotten my roots!," Mr. Vijay Jalan said.
When i was waiting for the bus at Bakuri Phata on Nagar Road, i received a call asking my opinion about investing in Neo City Wagholi. As usual, i asked, "Have you booked or are you planning to?"
"I have already booked!," the caller said.
"Good! Congratulations! Why are you asking?," I said.
"Means - my decision is right. But, my wife is not so sure," the caller said.
"Why? What's her point?," i asked.
"She says - booking is easy - but living there would be difficult!," the caller said.
"She is right! As it is - living is not easy!! I am afraid she must have calculated monthly expenses and EMI. Did she added the 'tanker money' too?," i asked.
"What is 'tanker money'?," the caller asked.
"The money to buy a water tanker!," i said. The caller wanted to talk more but i lost the coverage. Otherwise, i would have called Mr. Vijay Jalan and told him that buying and living is more challenging than building and selling Neo City Wagholi!
Photo-walk of Neo City Wagholi Pune:
View Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 in a larger map
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - Bakeri Phata on Nagar Road. 1 km from Wagholi Village. Well known for Bharatiya Jain Sanghatana (BJS) (www.bjsindia.org) |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - Welcome to Neo City! |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - Neo City is at half a kilometer on this Bakeri Phata. BJS's (Bharatiya Jain Sanghatana) educational institutions are on the both sides of the road. |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - obviously you come across lots of students on this road! |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - One of the many JSPM Colleges |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - JSPM College at Wagholi (www.jspm.edu.in) |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - Kolte - Patil Developers' Ivy Estate, row houses, twin bungalows & villas in Wagholi |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - under construction site of Dreams Sankalp (http://www.dreams-group.com/proj_insidepage.php?catid=110) |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - Shantilal Mutha's Wagholi Educational and Rehabilitation Center (WERC), Pune |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - A home and water drums |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - way to Neo City |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - newly developed residential project on the way to Neo City |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - the same road goes to Jayawant Shikshan Prasarak Mandal's Wagholi Educational Complex (www.jspm.edu.in) and Dreams Sankalp (www.dreams-group.com) |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - digital images of Neo City are all over the road! |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - site hoarding of Neo City (www.neocity.info) |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - huge pandal for the launch event of Neo City |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - he looks after the Satav Farm which is on the opposite side of the Neo City |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - Welcome to Neo City! |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - site office and sample flat |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - huge response! |
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| 2 BHK Flat - 590 sq.ft. + Terrace - in Neo City Wagholi Pune |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 2 bhk sample flat - living - 10 feet x 13 feet |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 2 bhk sample flat - terrace - 11 feet x 7 feet! |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 2 bhk sample flat - kitchen cum dining - 13 feet x 8 feet |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 2 bhk sample flat - dry balcony - 6 feet 6 inches x 3 feet 6 inches |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 2 bhk sample flat - children's bedroom - 10 feet x 10 feet |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 2 bhk sample flat - common toilet - 7 feet x 4 feet |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 2 bhk sample flat - master-bedroom - 10 feet x 12 feet |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 2 bhk sample flat - attached toilet of the master bedroom - 7 feet x 4 feet 6 inches |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - property buyers admiring the 2 bhk sample flat |
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| Neo City Wagholi Pune (www.neocity.info) Layout |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - 3 phases of Neo City |
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| Visit to Neo City 1 BHK & 2 BHK Flats at Wagholi Pune 411 027 - Mr. Vijay Jalan (in suit) and his elder brother at the site |
Contact Neo City Wagholi:
Site Address:
Gat No. 735, Behind Jain College,
Next to Lexicon International School, Wagholi, Pune - 411 027
Ph.: +91 88888 11101/2
sales@neocity.info
www.neocity.info
Related Stories:
1) SATURDAY, JANUARY 22, 2011
Neo City Wagholi opens booking of 1 BHK Flat for Rs. 12.91 Lakhs & 2 BHK Flat for 17.40!
2) THURSDAY, JUNE 24, 2010
Visit to "aura county" - next to Kharadi Jakat Naka - on Nagar Road, Pune
3) MONDAY, JUNE 21, 2010
Aura County, next to Kharadi, at Ubalenagar, opp. Pune Trade Center, on Nagar Road - 380 Flats of 1 BHK & 2 BHK booked in 2 days!
4) MONDAY, JANUARY 10, 2011
Launch offer of Kolte-Patil Developers' Ivy Estate Wagholi to end today!
5) SATURDAY, JANUARY 1, 2011
December 2010 - Most popular blogs on Ravi Karandeekar's Pune Real Estate Market News Blog
6) SUNDAY, JANUARY 2, 2011
Most popular blogs on Ravi Karandeekar's Pune Real Estate Market News Blog - July 1, 2010 to December 31, 2010
7) SUNDAY, JANUARY 2, 2011
Ravi Karandeekar's Pune Real Estate Market News Blog - 25 popular blogs of 2010
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