2 bhk flat at Wakad - 29 lakhs onwards:
It was Friday, May 16, 2008, Mont Vert opened the bookings of Seville and within 5 hours more than 50 flats were booked. Nobody expected this to happen. Because nobody thought that compact 2 bhk flats starting from Rs.29 lakhs could be the solution to Pune real estate slow down.
If you see my review of Seville, i was quite sarcastic about the hole affair. First, i did not like the fact that Mont Vert Homes was "entering" into low budget compact flats. Mont Vert should focus on it's niche of "up-market-quality-homes" because in the east side of Pune real estate market, particularly near Hinjewadi, there are very few builders who can build quality homes, i believed.
Second reason was the budget! Starting from 29 lakhs was not exactly "affordable" budget. Because, i knew for sure, majority IT professional had a budget in the range of 20 to 25 lakhs. This segment in the first place fueled the real estate boom, but was thrown out of Pune real estate market. If "Rs.29 lakh for 2 bhk flat" becomes the benchmark then, even in the slow down, it would be very difficult for this segment to get a flat in the developed area of Pune and Pimpri Chinchwad, i thought.
Topaz Park, Palash 2 and now even SuCasa!
Topaz Park, part of Park Street, size wise one of the big project at Wakad, has already managed to bring down the budget of it's compact flats. Now at Topaz Park 2 bhk flat fits in the budget of 29.9 lakhs and 3 bhk flat in 38.3 lakhs.
Under the "The Green Umbrella Offer", Vilas Javdekar and Associates successfully sold out all spacious 2 bhk flats at Palash 2.0 by offering discount in the form of 'No EMI till possession if you give Advance Loan disbursement'. Now, Palash at Wakad has given up the idea of "un-boxed" living and already soft launched 'traditional' compact 2 bhk flats which will fit in the budget of 36 lakhs.!
Now, in the 2nd phase, SuCasa, a residential project at Wakad, which had townhouses with private gardens and penthouses with terraces, is also launching compact 2 bhk flats which, including every thing, fit in the budget of 33 lakhs (approx)!These compact flats at SuCasa, a project by Kalarch Developers, have the same carpet area but because of the sizes of the terraces you get flats in 3 saleable areas. 905 sq.ft. saleable area on 1st, 3rd, 5th and 7th floor. And Salesable area 924 and 957 sq.ft. on 2nd, 4th and 6th floor. Property rate for 2nd phase of SuCasa is Rs.3,200 per sq.ft. Parking - 1.5 lakh. MSEB charges 75,000. Stamp duty would be around 1.25 - 1.3 lakhs as per the size of the flat. Plus add 30,000 for the registration. Here are the floor plans of SuCasa. Click the plan to enlarge. Have a look!
Ravi, compare compact 2 bhk flats at Wakad!
You know i enjoy your comments and your calls on my mobile +91 98600 44110, though many times you ask me difficult questions like, "Ravi, which is the best compact flat at Wakad?". When you subscribe for free to my Ravi Karandeekar's Pune Real Estate Blog i feel rich and prosperous. When you visit my Google Group and join for free, Ravi Karandeekar's Pune Real Estate Blog Group, you motivate me. Thanks, i am enjoying this on going conversation on Pune real estate.To know more about SuCasa, visit www.sucasa.in :
Tomorrow, September 4, 2008, on the auspicious day of Rishi Panchami, SuCasa is opening the booking of these compact flats. Here are the details of the contact:Site Address: S.No.190/191, Wakad-Thergaon road, Wakad, Pune – 411057
Site Contact: 020 6520 6650 / 6410 3445
Mobile No.: +91 99606 85685
Email: kalarch@gmail.com
Office: Kalarch Developers
Off. No. 10, 3rd. floor,
Agarkar Bhavan,
L.B.S.Marg,
Pune - 411030
Tel: 020 2433 6371 / 020 2433 2749
real estate Pune real estate Indian real estate Pune real estate blog Pune property blog Pune housing blog Pune real estate market Pune real estate market news Pune news Pune news SuCasa, at Wakad compact 2 bhk flats 2 bhk flat at Wakad - 29 lakhs onwards Pune real estate slow down Mont Vert Homes Mont Vert Seville at Wakad Hinjewadi affordable budget Pimpri Chinchwad Topaz Park, part of Park Street, Wakad The Green Umbrella Offer Vilas Javdekar and Associates Palash 2.0 discounts and special offers in Pune real estate market No EMI till possession Advance Loan disbursement SuCasa, a residential project at Wakad townhouses with private gardens penthouses with terraces SuCasa, a project by Kalarch Developers Property rate in Pune real estate prices in Wakad Ravi Karandeekar 91 98600 44110 Ravi Karandeekar\'s Pune Real Estate Blog Group Google Groups auspicious days Rishi Panchami Wakad-Thergaon road, Wakad, Pune – 411057 Kalarch Developers
" within 5 hours more than 50 flats were booked "
ReplyDeleteLIEs !!! Just to conduct meetign of buyers and builders, visit site, discuss, negotate..etc will take at least 5 hours for ONE flat bookng. So how can 50 bookings take place ni 5 hrs ?
This is one of the most prominent lie that is being told for every other project in Pune RE.
Another example was nanded city. Claims were made entire phase booked within mere a week.
For a project like nanded city, which has no layout, no floor plans, no civic amneties, nothing is there to see. And they said buyers rushed and booked all flats.
There is nothing else that can be bigger lie than this.
This Karandeeker is known as one of those hypsters in Pune. His claims are made by what builders said.
But who has verified ?
There can be NO bookings.
There can be bookings wiht small booking amount. just like 2rs. reservation tickets which can
be easily forego by buyers if things don't workout later as per his likes.
There can be fake bookings.
No booking news to be trusted or to be claimed unless registration happens.
Belive in booking news only if you personally know the persons booked the flat and proper paperwork is done.
Pune RE is a facade. Its on very volatile foundation based on hype and lies everywhere. But buyers know the truth now.
RE is gonna crash in coming months.
So will these hypsters and their claims.
Mr. Anonymous, thanks for the comment. 1) Yes, i agree with you - No booking news to be trusted or to be claimed unless registration happens. 2) I can understand, it is difficult to believe - "For a project like nanded city, which has no layout, no floor plans, no civic amneties, nothing is there to see. And they said buyers rushed and booked all flats". 3) Thanks for the advance intimation - "RE is gonna crash in coming months." Now, i can prepare myself for the "crash"!
ReplyDeleteDear Ravi, Could you please comment on the value of old flats? There is an old flat for sale, 22 years old and good construction. A new flat in the same locality/place would cost rs 4000 per square feet. What could be an approximate valuation (per square feet) for this flat?
ReplyDelete- Joju
Joshu,
ReplyDeleteRavi might not take interest in such stuff, his only interest is to promote and sell new flats and earn his bread by all means.
I guess you should get a rate in the range of 2500 to 2800 for your property.
In Pune, every other day a new builder is born and he launches a new scheme. All his flats get booked in a weeks time, he just keeps one or two available for you, no other option.
ReplyDeleteBuilders in Pune are fooling people to any extend and people also get fooled. What a shme of this society.
Builders only lie, lie and lie, shit Indian mentality.
We deserve to be like this and remain like this for ever. All silly rubbish backward culture.
There is an old flat for sale, 22 years old and good construction It's difficult to comment on this much information. What i see in my neighborhood on Paud road, tells me that buying 22 year old flat could be a good investment - if the project has a potential of redevelopment! For this better get the valuation report. It would be worth to pay his fees! Otherwise, in general, it's difficult to decide the right price of the old flat. At one point, even i miscalculated and stopped buying flats where i live and gave up the idea of owning the building (kidding)!
ReplyDeleteRavi might not take interest in such stuff, his only interest is to promote and sell new flats and earn his bread by all means. Thanks, for the comment and complement. Recently, i have started studying redevelopment opportunities in Pune real estate market. But you are right, i am giving less time for redevelopment and more time to promote new projects. Yes, I enjoy selling real estate! As much as you enjoy commenting.
ReplyDeleteWe deserve to be like this and remain like this for ever. All silly rubbish backward culture. Thanks for sharing your view and insight.
ReplyDeletehi Mr Anonymous,
ReplyDeleteFrom your comment, it seems that you have a lot of knowledge on Pune RE (my guess it means Real estate)..
It would be helpful to people like us if you start your own (RE) blog and provide us with the correct data (since all data published by Ravi seems to be LIES as your have mentioned)..
Why not try and do something good for the community ??
And by the way, I am not sure as to what your age is but I expoect you to be a Software professional in your late twenties / thirties.. If this is so, please be noted that I have known Ravi for a long time and his experience of Real estate is almost equal to your age !!
Keen to hear from you soon on your realistic blog.
Regards,
Nitin Kulkarni
@Nitin Kulkarni, thanks! I appreciate this.
ReplyDeleteDear Anon (punch lines)
ReplyDeleteYou are absolutely right. Just 3-4 years back these same flats were hardly getting buyers even for 12-18 lakhs. Chinchwad had rates @700, kothrud @1600, Pimple saudagar @1050, model colony @2000+ ..etc/
What on this earth can be justification of same flats bening sold now at 2400, 4000, 2200, 5000..etc ? WHat changed SO MUCH ?
Its buyers short-sightedness. Their inability to know how manipulation and carteling by PBAP made rates so inflated. And Guys like ravi karandeekar kept supporting them and it happened.
Sample this:
" i did not like the fact that Mont Vert Homes was "entering" into low budget compact flats"
wow, so 29 lakh segment is LOW budget ? Thats first Try funding me from ur pocket Mr. Ravi for 29 thousands only for my purchase !! And you tell 29 lakh is LOW budget. 3 years back 18-22 lakhs was too HIGH budget for average buyers and then how come 29 lakhs becomes low budget ?
Another samlpe : "already soft launched 'traditional' compact 2 bhk flats which will fit in the budget of 36 lakhs.!"
Great. I thought tradditional flats in Pune never costed more than 12-20 lakhs 2-3 years back. How can prices get shot up by 300?
Its because of HYPE, created by evil axis of PBAP, agents and such hypster bloggers. These people are social monsters. No wonder bloggers kick them frequently :)
Hi Ravi: Here is my response to all those bashing Ravi.
ReplyDelete1. It looks like its just one anonymous guy writing all the negative crap and pretending that he is more than one.
2. Secondly he is a looser who was even 3 years back looking for a property for 1500/- never got it and now regrets with a wishful but negative thinking that all will crash and go back to 1500-1600/- and he can get in again.
Smell the JAVA idiot(s).. you missed the train.
3. What changed so much in 4 years. Oh dhhh... you got older by 4 years, your salary went up by 30-40% minumun... unless you are a looser there too. You now pay more for your grocery bills and gasoline unless you are still a parasite living off of your parents hard earned money.
4. Its demand supply stupid... not all are nincompoop(yes go get that dictionary that you never used) like you. People with senses bought a flat at 380/- about 22 years back and are buying at 3800/-today. You buy a house to live in . If you read wise econimists( assuming you are college graduate who can actually read, write and comprehend well), they all say house is a liability at any rate. You do not buy your primary home to sell again in a short time to make quick money. And show me one person who lost money after buying a house when he resold it after 10+ years.. and if you are an investor you should be wise enough to know when to invest in real estate or some other place like stocks and bonds. But looking at your writing skills in this blog I assume I am just wasting my time.. but I am happy that many others will draw positive inferences from this post.
5. Regarding any builders registration on a particular survey number, get your ass down to the registrar's office and under RTI ask them the info.
6. Regarding Ravi, he could have filtered out your posts from here but he did not. I am sure if you were to run a blog.. it would be full of negative comments and you would have been a happy dictator.
This shows a difference between you and him.
7. You even ridiculed one who gave his name and said he knows Ravi. But you jump to a premature ****ulation before you even know the person. Poor you.
8. If you do not have 26K in your pocket... you are indeed a looser and have no business looking for a 1/2/3 BHK apartment let alone being on this blog. Perhaps you should look for a place in Parvati Zupadpatti or Patil estate slums. But that too costs about 1-2 lacs with good open air toilet. Work a little harder and may be you can afford that.
9. Regarding your comments on No roads, no lights etc.
No one is forcing anyone to buy there. Buyers know what they are getting into. We dont sit at computer and buy homes.
My regrets to all decent folks( irrespective of their financial status) that this is one of the most unpolished and uncivilized writing I have done. But I was left with no choice when someone running a fair blog is being ridiculed and attacked in an unfair manner.
Mr. Anon go get a life. Then put it to some good use.
Oh ya one more thing... I can not wait to be labelled as a PBAB agent, or builder or builder agent just like you did to Ravi. Thats an easy way out for you.
Regards
purchaser of a 3 BHK in Wakad area.
ps: Ravi hate to say this but next time can you get rid of such non-productive comments as it hogs up our time and bandwidth. You must however coninue to post reasonable point of views even if they are critical. Just throw out posts with uncivilized language like Kitna chatega etc. Thanks
Ravi I was there at Mont Vert Seville pre-launch with a few friends by invitation only.
ReplyDeleteI saw alteast 25 recepts being cut out for booking that evening while we were there.
Went again next day which was open for all and saw crowd like never before. For a minute thought they were giving free flats. Since I live in the neighborhood I was escort for my friends who were interested. I must say we went there like 3 times in those 3 days mainly for a good meal(LOL) and the number on final day was about 200+. I can swear by it. My friend has done his agreement about 15 days back and the sales guy told him they have done about 160 agreements already.
Ravi,
Keep the foul mouths out who wants to doubt everyone. In Sanskrit they are called VighnaSantoshi.
Regards.
One more 29.90 bata chappal.. Time to throw these in kachara peti and bring some new selling lines (and price tags).....
ReplyDeleteSucasa rate is quoted to be Rs.3,200 per sq.ft. For Wakad area, which is in very poor state, this rate is too much. Ideally it should nto be even 2400 at peak, forget the bottom when RE slowdown starts taking a toll.
ReplyDeleteI heard on another blog that ARISTO, Wakad, Pune having Saleable area 927 Sq.ft in 27.77 incl. all so effective rate is much below 2900 in wakad. So there is no need to give 3200 for Sucasa.
With time, these prices will keep coming down. So not a good choice to buy at Sucasa.
It seems "Friends of Ravi" are hurt a lot. They are even putting allegations that all the anonymous are but one person. Nothing can be proved from that front. But, on another thought, what is the proof that the Anonymous of Sunday, September 14, 2008 5:17:00 PM is not Ravi himself? I am for totally against builders and want them to be lynched and burned alive along with all the people involved with them. Having said that, I appreciate Ravi for publishing negative comments on his blogs. It needs balls.
ReplyDeleteNow let's come to the so called anti-ravi-bashing. Here is my response to one of the most loyal "Friends-of-Ravi" group:
1. It looks like its just one anonymous guy writing all the negative crap and pretending that he is more than one.
Huh? Really? Negative? And how do you prove otherwise? I mean what is the guarantee that you are not Ravi himself? Bummer!!
2. Secondly he is a looser who was even 3 years back looking for a property for 1500/- never got it and now regrets with a wishful but negative thinking that all will crash and go back to 1500-1600/- and he can get in again.
Smell the JAVA idiot(s).. you missed the train.
I am on the forefront of two widely supported movements. The first is called “kill-lynch-burn-kick-fry-slit-the-builders-and-their-friends”. The other is called “crash-RE”. As far as I remember, I have purchased my own house 2 and half years back in Kothrud at the rate of 1350. I have no intention of purchasing any more and would instead like to go for more earthly things like a 40” Sony Bravia and a Swift D’zire. STILL, I want the rates down. Not for me, but for common MARATHI man who is unable to purchase in this mad rate increase created by the Bhallas, Goyals, Aggarwals, Mishras and the like. These guys find Pune market easy enough to be manipulated thanks to supporters like you and Ravi. But we MARATHIs do not want it that way. So when you call any of us looser, I think you should take a good look at your opponents.
3. What changed so much in 4 years. Oh dhhh... you got older by 4 years, your salary went up by 30-40% minumun... unless you are a looser there too. You now pay more for your grocery bills and gasoline unless you are still a parasite living off of your parents hard earned money.
So? SO? I will tell you what, Tramp !! My salary has increased not by 30-40%, It is increased by 150%. So? What’s your point? Do I earn my money to feed these builders and the parasites like you? I earned my salary increase and my promotion by my own hard work. That can not justify why builders should get more money. By the way, that’s “minimum” and not “minumun”.. But you did not go to a school did you? Oh and by the way, did you see the sensex? That’s what happens to all the greedies.
4. Its demand supply stupid... not all are nincompoop(yes go get that dictionary that you never used) like you. People with senses bought a flat at 380/- about 22 years back and are buying at 3800/-today. You buy a house to live in . If you read wise econimists( assuming you are college graduate who can actually read, write and comprehend well), they all say house is a liability at any rate. You do not buy your primary home to sell again in a short time to make quick money. And show me one person who lost money after buying a house when he resold it after 10+ years.. and if you are an investor you should be wise enough to know when to invest in real estate or some other place like stocks and bonds. But looking at your writing skills in this blog I assume I am just wasting my time.. but I am happy that many others will draw positive inferences from this post.
Oh oh, we have a winner in you, right? Is it “econimists” or “economists”? And you are telling others to open a dictionary? You are taunting others about being college graduate or not? Why do you think my company pays me so much? For being a tenth passed builder parasite like you? What does it take to become a builder? I will tell you. Political connections, lot of money and evil intentions. That’s it. Regarding that comment about a person never losing money after investing for 10+ years, hah! Do you a thing called economics? Do you know what is yield? Have you done a calculation about how much would you earn vis-à-vis if you rent your apartment “in present scenario”? But obviously, you have not. Your only task must be calling prospective investors on phone and to bug them to purchase an apartment, ain’t it?
5. Regarding any builders registration on a particular survey number, get your ass down to the registrar's office and under RTI ask them the info.
Oh, what do you do when the builder and his spoons like you tell innocent and unsuspecting purchasers that it is 3000 today or 3200 tomorrow? You guys are double tongued aren’t you?
8. If you do not have 26K in your pocket... you are indeed a looser and have no business looking for a 1/2/3 BHK apartment let alone being on this blog. Perhaps you should look for a place in Parvati Zupadpatti or Patil estate slums. But that too costs about 1-2 lacs with good open air toilet. Work a little harder and may be you can afford that.
Let me tell you a simple fact. The normal salary of a person in IT is not Rs. 50K per month. It is Rs. 15K to Rs. 25K per month. Only those with more than 6 years of experience are above this bracket. (By the way, your eyes will pop out if you hear how much I earn per month) And aren’t you seeing the ads in papers with this free and that free? That shows why people like you are losing. This is your reality. Treating customers like dirt is what you builders are known to do for a long time. And here is the news: The congress is f****ed and so are builders and supporters like you.
9. Regarding your comments on No roads, no lights etc.
No one is forcing anyone to buy there. Buyers know what they are getting into. We dont sit at computer and buy homes.
Huh? So nobody is responsible to plight of people right? I will tell you what; our reach (the two groups mentioned above) is to most of the NRI groups. We are actively telling these guys not to purchase. Pretty soon you would find out that you yourself (along with Ravi probably) have no job. We can’t buy homes on computers but we definitely can stop them from buying using computers.
My regrets to all decent folks( irrespective of their financial status) that this is one of the most unpolished and uncivilized writing I have done. But I was left with no choice when someone running a fair blog is being ridiculed and attacked in an unfair manner.
Mr. Anon go get a life. Then put it to some good use.
Oh ya one more thing... I can not wait to be labelled as a PBAB agent, or builder or builder agent just like you did to Ravi. Thats an easy way out for you.
Regards
purchaser of a 3 BHK in Wakad area.
You forgot to add: “And a scared investor”
ps: Ravi hate to say this but next time can you get rid of such non-productive comments as it hogs up our time and bandwidth. You must however coninue to post reasonable point of views even if they are critical. Just throw out posts with uncivilized language like Kitna chatega etc. Thanks
Bandwidth? Oh come on, you don’t know about broadband is it? Or your builder boss did not provide you with one? Or being in a non-IT field, you can’t afford it? Why don’t you find a free broadband connection in the Parvati zopadpatti or the patil slums? Poetic, huh?
yeh kya ho raha hain. i am marathi manus and not in pune since long time but can get feel of what's happening in pune re and in this good work of mr ravi, what others are un-happy? he is just putting down what builder's sales reps are telling about rates etc.. what is so objectionable? rates are going up because we are buying properties and there is demand for residential units near work or offices. it will come down if we stop or slow down buying.
ReplyDeleteHello, Sir...i hve suscribed to ur blogs and find them very informative.
ReplyDeleteSir i had a query...
we r new to pune. my office is at aundh (ITI rd) and we r planning to buy a house. cud u please suggest us, whch area wud it b beneficial?
we have been contemplating bout areas like visharant wadi, baner rd, aundh(is out of qstns as it is too expensive) , baner-pashan link rd.etc
wid salaried ppl u nvr know whr d next job wud b eg. if i get job in koregaon park...traveling from pimple saudagar n wakad wud b too tiresome, aint it?
Also, we dont want to invest in properties tht r already saturated eg @ koregaon park ,10-15 yrs old bldg.
any advice wud be useful.
Wud b even grateful if u cud reply on propertysearch2008@rediffmail.com
I want to know about G:corp builders.
ReplyDeleteTheir project is coming near Dange chowk. Rate they r quoting is 2600 which I feel expensive. What is your comment on builder's reputation?
The Sucasa builder is not true to his words. Beware he can return back the money paid and jack up the prices. I have been through this with this builder. The builder settled the deal at Rs. 2500 and after 4 days decides to return back the money paid in full. This is what experience is.
ReplyDeleteWhat is the price in SICK-ASS-A in WICKED in 2010 :) People in the queue made money or lost money?
ReplyDeleteAll viewers are requested to join http://www.indianrealestateforum.com/
ReplyDelete