Launched at a "special" rate of Rs.4,251 per sq.ft.!As per the ad in the Westside Plus and the phone call i received, for 2 days - today and tomorrow - till 20th April 2008 - Felicita - Baner has reduced the rate by 450 rupees per sq.ft.
Now, you can book your flat at Rs.3,801 per sq.ft. At this rate, if you book 2.5 bhk flat of 1,285 sq.ft., you can save nearly 5.8 lakhs!
You know, in the first week of March, Shree Venkatesh Group had launched Felicita Baner at a special rate of Rs.4,251 per sq.ft. and till today could book only 26 flats.
Are the property prices in Pune crashing?Ritu, you must read her comment, called Felicita - Baner twice to confirm about the price reduction. Ritu also tells about her experience at Mont Vert. Mont Vert is ready to offer the discount of Rs.100 per sq.ft.. "Are the property prices in Pune crashing?" Ritu wonders.
I am curious to know what Priya says about this price reduction. Because, Priya says, "anything more than 3,000 Rs. per sq.ft. in that area is a rip off" What do you say? Should property rate at Baner come down to Rs.3,000 per sq.ft.?
"Is rental better?"The way rates are going up, rental is a better option says Amar. He is glad to know that many people think like him! What do you think?
Felicita - Baner: 40% construction work done!All this discussion is very important to me because we are talking about Baner. If 3,000 Rs. per.sq.ft. is OK in Baner then what should be the real estate rate in Wakad, Rahatani and Pimple Saudagar & Nilakh? Rs. 2,500 per sq.ft.!
Plus, we are talking about Felicita which is at a prime location on the Baner road, opposite Hotel Mahabaleshwar. Not at Pancard club, or on the other side of Mumabi Pune bypass like Rohan Leher or at Balewadi! Which are for sure undeveloped than this location.
Most important is the stage of the construction of Felicita. More than 40% work is done. You will be booking a flat in the building whose 5/6 slabs are cast. Hope Felicita will act smart in this slowdown in Pune real estate market, ignore the stunts of PBAP, learn something from the other projects where ready possession flats are laying vacant and come down on the rate and complete the project in time.
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