Aarohi at Sus: Tirth Developers' Eco-Friendly Township for IT Professionals Welfare Association Pune ( ITPWAP )

An attempt to collect information about the housing project started by Information Technology Professionals working in Hinjewadi, Pune!:

"There are various hurdles in our lives,
but the biggest hurdle lies inside us
-- the hurdle to understand revolution and be part of it!" - Vinod Kamble, ITPWAP

Path Breaking Ceremony:

On 20th April' 2008, IT Professionals Welfare Association Pune (ITPWAP) performed the symbolic ground breaking ceremony of their first group housing project called "IHP Sus" .

In an email informing about this "historic event" to all members Vinod Kamble, leader of the group, said:

For many of us we are consciously aware about the monetary value the project is going to add to our lives.

And many of us are sub-consciously aware that other than the monetary value the project has revolutionize the concept of IT Professional synergy.

For those of us in the core group its not sub-consciously but consciously the awareness is there.

The effort and energy shown by our volunteers, our core group members, (Mahavir, Birendra, Sumit, Parimal, Suresh, Priyank, Ankit, Aditya, Suraj) is commendable.

Certainly, the ground breaking ceremony was, indeed, a path breaking historic event in Pune real estate market!

Path Not Taken:

Sumit, a member of 3 failed initiative and now, core member of ITPWAP, has given inspiring details in his post, dated 08-19-2009, on Indian Real Estate Forum. He says:

Well in case of Aarohi the effort was started in Jan 2007.

It took us about 6 months to gather members and shortlist the builder.

After that we spent 3 months in getting the architectural drawings into decent shape and taking bookings for 166 specific units from members.

At this point we collected cheques of 15% payment to show commitment from members but did not hand them over to the builder.

After that the process of land accusation was initiated by the builder and getting the plans sanctioned. This was achieved in Dec 2008.

We began the construction in Jan 2009. During this time we lost about 25 bookings.

The progress has been steady and currently the third slab is being poured.

Aarohi at Sus: in the 1st week of September 2009:

Patience is the Essence of Success:

In his posts on Indian Real Estate Forum, Sumit has shared valuable insights about Aarohi. He says, "We had to be patient for 2 years to see the first brick being laid." In these 2 years, he learned that:

1. Budget for time for land acquisition and verification. Don't try to cut corners in this area.

2. Budget for plan sanction delays. This alone can take up to 2-3 months. might be more.

3. It pays to invest time in detailing out architectural drawings. We went threw more than 30 iterations.

4. Getting the project sanctioned from a Bank is another time consuming thing. It took us 5 months to get Aarohi sanctioned by SBI and HDFC. This process starts after the project is sanctioned. So you need to make budget for payments to builder during this time.

5. One more thing I learn from Aarohi: All the "Luxury Amenities" Don't cost more than 300-400 Rs/sq ft for which the builders charge up to a 1000 Rs/sq.ft.

6. The salable area calculation. This is a big fraud. If we calculate the way builders in Pune calculate the salable Area the Rate the initial buyers paid in Aarohi is not 1900/sqft. It is 1650/sq.ft.

7. You can get much better quality and specs at a very reasonable rate (about 30-50% cheaper). But there are drawbacks in terms of time taken for completion (Double) and managing the whole group (I saw 3 failures before a success). Even in Aarohi we expect the construction to take anywhere between 21 to 24 months though we had planned for standard 18 months.

8. This model also has a advantage of quality control by the buyers. To give you a idea till date we have conducted more than 8 core tests, 10 ultrasonic tests. A normal commercial building also does not have such a tight quality control. You can say that members are spending about 1Cr (2% of project cost) just to ensure quality.

9. The problems we are facing is the constant monitoring of the progress, participation by the members, handling occasional payment delays by the members. Delay in contribution towards quality expenses by the members, etc.

10. Sus: the location: pros and cons:

Cons:
1. Remoteness
2. Outside PMC

Pros:

1. Is surrounded by hills from 3 sides so will be a bit removed from disturbance of a highway.
2. Near Lavale gaon where the Symboisis knowledge park is coming up
3. Half a km from Vidya Valley school

11. About Tirth Developers: the builder:
The assurance about completion stems from the fact that the builder own 185 Acres of land in Sus gaon and plans to develop a township there. Being a first time builder he need this project to showcase and sell his township. Also the financial soundness of the builder is assured by the fact that he is not leveraged and has not picked up any loans till date.

Aarohi at Sus: according to Tirth Developers:

Recently, Prashant Gaikwad, very senior real estate professional joined Tirth Developers as Vice President, Marketing & Business Development. He posted many comments on my blogs giving information about Aarohi. Though comments were irrelevant, i did not reject because i saw the effort was to give information about some good real estate project.

One day, Prashant called me. When he told me that Aarohi is ITPWAP project and my old client Mr. Vijay Raundal is developing it, i told him that i want to write about Aarohi. However, there was no website, but Prashant send me the available data and arranged for the site visit. Have a look at the information Prashant has provided to me:

Aarohi Project is a flagship eco friendly residential project by TEIRTH DEVELOPERS AND SUYOJIT INFRASTRUCTURE Ltd, Pune. Located in lush green foot hill vicinity of Sus, Pune. Unanimously Aarohi is the most scenic project in Pune. Better still, it is completely unpolluted.



Aarohi is located barely 15 Kms from the Deccan Gymkhana and just 20 minutes drive. The last stretch, after the turnoff from Sus village, is a one kilometer which we are developing for comfortable and smooth drive to the project.



Unique feature of the project apart from eco friendly is that the scheme of @ 300 units comprising of Flats, Row Houses, and Twin Bungalows etc. is jointly executed by group of young IT professionals and the developer from Pune.

The IT group consists of professionals from different IT companies all over the world who have formed a community. The motive of so many like minded professionals from all together different community, caste, state, cultural background is that most of the individuals are posted or are required to travel frequently out of India, and hence they want a close bonding within all the families in one project for having an assurance in ones mind that some one will always present next door for extending a caring hand to their families and friends back home in India whenever they are out of city or even out of country.



The main motive of Aarohi is to make your loved ones living in India feel that you are genuinely looked after by their neighbor 24X365 days for their big and small needs of life, be it an emergency medical care for your dear ones or just a matter of being someone’s assured physical presence. Every one now a days is very well aware that in today’s hectic world that in big cities like Mumbai and now even in Pune, hardly any one knows more about the person living next door!



Aarohi is the project in which ultra modern building and latest site design techniques are incorporated to not only improve the quality and performance of your home, but simultaneously reduce stress on the environment. Process of during construction and after construction, focus is paid to safe construction, recycling, natural preservation, and efficient home design elements.



An eco friendly home is one that is ideally constructed with a quality design, and requires minimal maintenance. The overall impact of constructing to the environment is kept minimum resulting in residents remain healthy. In our heavily populated country where the population is on rise all the time, so are the demands for houses, shopping malls, hotels, commercial complexes etc. are on the rise. Hence is the need of the hour to go GREEN in housing too.



All the civil work executed and the construction material used will be as per Indian Standards of various specifications (ISO), total structure will be earthquake resistance. Project will be equipped with fire fighting equipments, invertors, solar water heaters, piped gas, garbage chutes, waste water treatment plant, rain water harvesting, ample lighting in common areas/amenity spaces, complete campus will be either concrete or green. Club house will consist of 2 tennis courts, basketball court, badminton court, and play area for children, party garden, and multipurpose room with cards table, dining facility, private theatre, fully equipped gym, table tennis & pool tables, squash court, adequate parking space for visitors. An office & warehouse space will be provided for the society management.



On top of all this the developer will be giving 10 Shopping units Free to the society which in turn will act as a permanent revenue generation source for the society and the funds will be utilized for society maintenance! Also the IT group has formed a Committee and in turn this committee has appointed a Full Time Team of Engineers for QUALITY CONTROL who are associated with the developer in actively monitoring the day to day working of the project.

Aarohi at Sus: Amenities:

1) Piped Gas for all apartments, row houses & bungalows.

2) Garbage chutes.

3) Water Treatment Plant.

4) Rain Water Harvesting.

5) Shopping Complex

6) 1 covered parking and 1 open parking for Row houses and bungalows, 1

Covered parking for all flats.

7) Play area for Children.

8) 1 passenger lift & 1 service lift.

9) Office & warehouse space for the society management.

10) Religious Hall

11) Club House with (tech specification of club amenities needs to be of good

Quality at least same as flat/row houses/bungalows)

2 Tennis court

1 Basket ball Court

1 Badminton Court

Swimming Pool for Adult & Children.

Kids sitting area

Party Garden

Multipurpose Room with cards Table.

Dining Facility

Private Theatre

Gym

Table Tennis & Pool Tables

1 Squash Court

12) Adequate no of open parking for visitors

13) Fencing for row houses and bungalows

14) Open area/garden at common places in society as well as for row houses

And bungalows to be laid with lawn

15) Play area/lawn needs to be on the same plane and should not have contour

Contact:

Prashant Gaikwad
Vice President
Marketing & Business Development
TIERTH DEVELOPERS
8, Sneh Centre, Opp. Lalit Mahal Hotel,
F.C.Road, Shivajinagar,
Pune 411005 (Maharashtra), INDIA

Mobile : +91 90499 87234
Office : +91 20 2025 1969
E Mail : tierthdevelopers@gmail.com

Related Story:

Now, 96 IT Professionals can buy specious 2 & 3 BHK Flats at an affordable property rates in an ITPWAP's township at Sus which has all amenities!

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

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Nandan Prospera Baner - Why should you visit this newly launched project in Pune real estate market?

To know more about Nandan Prospera, please, visit www.nandanbuildcon.com

Nandan Prospera, near Sadanand Hotel, Baner Pune, was launched on last Saturday, 22nd August 2009. You can visit my "Ravi Karandeekar's Pune Real Estate Market News Blog" to read the news.

Since the launch ad was very attractive, while writing that blog, i thought that i should give some idea about the required budget for a 3 bhk flat in Nandan Prospera.

However, when i visited the site, understood the concept, had a look at all 4 sample flats, and found out about the future plans of Nandan Buildcon Pvt. Ltd., i realized that it's worth to visit Nandan Prospera even if you are not interested in a 3 bhk flat for 60 -70 lakhs.

Have a look at slide show of the photographs i took on Sunday and 3 reasons to visit Nandan Prospera Baner. To know more about the project, please, visit www.nandanbuildcon.com

Why should you visit Nandan Prospera Baner:

1) Passionate and committed builder:

First reason is simple and personal. As we always like to share, recommend and talk about the stuff we like with our friends, i wish you should visit the project done by the builder whom i admire most. I know Mr. Shamkant Kotkar, Chairman and Manging Director of Nandan Buildcon, promoters of Nandan Prospera Baner for last 10 years. I admire him for his passion for building better homes and his commitment to his property buyers.

On Sunday, when i visited Nandan Prospera Baner, i saw Shamkant Kotkar welcoming his old clients, personally supervising that visitors are looked after well. I am sure, you will like to buy a property from the builder who is personally accessible and responsible.

All over the site, in the persons and in the sample flats, Mr. Shamkant Kotkar's passion for creating good homes was clearly reflecting. In general, i observed that visitors were in appreciation mood. While asking questions, there was no distrust and the tone was less critical. I know well that you like to deal with a reliable builder, so i thought, if you visit Nandan Prospera you will be happy to find one.

2) Planning, performance and value for money:

Nandan Prospera is based on certain principals. At Nandan Prospera Baner, these principal are actually demonstrated. In the slid show, you can see that construction is at such a stage that you don't have to imagine, you can see it. I am sure, you prefer to see the actual flat than the over glamorized sample flat and get the idea of actual layout of the entire project. Irrespective of the budget and the property rate, we look for value for the money. By visiting Nandan Prospera, i am sure, you will be happy to find one builder who is trying his best.

3) Nandan Buildcon in Aundh, Baner, Wakad, Kothrud and Chakan in Pune:

Nandan Buildcon is well known in Kothrud and Aundh. You may know their Vatsalya Vihar in Aundh or Vatsalya Puram and Vatsalya Nagari in Kothrud. Starting with Nandan Prospera, Nandan is going to launch projects in Wakad, Chakan, Baner, Aundh road and of course, in Kothrud. These projects will be in different brackets of budgets. For example:
1) Wakad: Nandan Inspera: Township of 500 flats of 800 to 1100 sq.ft.
2) Chakan: Nandan 1: Township of 3,500 flats.
3) Aundh Road: Nandan Festiva: High budget scheme of 4,000 sq.ft. flats.
4) Kothrud: Nandan Exult and Vatsalya Nagari 2.
Point is, it is worth to visit Nandan Prospera even if you are not interested in it. Right? After visiting Nandan Propsera, please, share your views in the comments. Comments Policy

Related Stories:

Did you visit Nandan Prospera Baner?

What should i write about Pune real estate market? Please, tell me!

Who is Ravi Karandeekar?

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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

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What's happening at Vilas Javdekar and Associates' Palash 2 and Palash 2i at Wakad near Hinjewadi, Pune?

No EMI till possession if you give Advance Loan Disbursement (ADF)!

In July 2008 Vilas Javdekar and Associates launched their "Green Umbrella" offer for Palash 2.0. In September 2008 they launched compact flats in Palash 2i with the same offer.

On my blogs, Ravi Karandeekar's Pune Real Estate Blog and Ravi Karandeekar's Pune Real Estate Market News Blog, we had "hot discussion" on this offer. Main objection to this offer was - "Is it safe to give Advance Loan Disbursement to the builder?" (Did you read my post "Donate your eyes and get Ray Ban for Free!"?)

Builders gimmicks to avoid price reduction!

Besides "Trust", property rate was also a major concern.

If you remember in March 2008, we had just started talking about "Pune Real Estate Slow Down".

Promoters and Builders Association of Pune (PBAP) has warned property buyers about impending rise in the property rates in Pune real estate market.

Mont Vert has just launched "compact homes at Seville in Wakad" and tried to break the "price barrier".

These marketing initiatives were called as "builders' gimmicks" to avoid price reduction and trick the Pune property buyer to book the flat.

These "exclusive offers" were nothing but a disappointment for the first time home buyer working in Hinjewadi who was eagerly expecting overly inflated property prices to come down.

RBI and Finance Ministry joins builders to tempt the property buyers!

However, we all know that "Green Umbrella" offer of Palash 2.0 and Palash 2i got a good response.

Many more builders in Wakad (compact flats at SuCasa!) and even in Hadapsar (Runwal Seagull!) tried this type of an offer, launched "compact homes" and it became a new trend in Pune real estate market.

Not only in Chakan (Sara City), even in Balewadi (Amit's Astonia) and Kharadi (Gera's Park View 1) "compact budget flats" were launched.

Global financial crises and RBI stimulated low home loan interest rates and tried to add some attraction to these affordable homes.

How Palash at Wakad is utilizing your ADF?

But what is happening at Palash 2 and Palash 2i who were among the first to start this "trend"?

Was it worth to take a risk of giving ADF to the builder?

Here are some photographs which show the progress of the construction at Vilas Javdekar and Associates' projects in Wakad.

In the present circumstances, nothing looks beautiful than on going construction work at site! Please, have a look and share your views in the comments. (Comments Policy)

Palash 2.0 - G and H wings:

January 2009:

F,G,H work in full swing:

H wing level 7 complete:

D and H wing:

F and G wing:

G wing:

H wing:

February 2009:

G wing:

H wing:

H wing from D wing:

H wing from podium:

March 2009:

11th Slab G wing:

10th Slab H wing:

Palash 2i:

January 2009:

Level 5 complete:

Close up:

Site office and Palash 2i:

February 2009:

From podium:

Site office and Palash 2i:

March 2009:

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

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Can a real estate investor offer "Rent Today Own Tomorrow" scheme to sell his flat or a row house and retire from depreciating Pune property market?

Even one can insist on renting the property only if it comes with the buy tomorrow option!

While looking at newest "Rent Properties classifieds Pune" on Quikr, i found some interesting properties available for renting in Wakad, Baner, Balewadi, Bavdhan and on Paud Road in Kothrud. For example:

1) Five Garden / Wakad 4BHK Row House for Rent - Pune - Rent: Rs. 22,000/-

2) 3 BHK in Balewadi - Hinjewadi 10 min - Brand New on 7th Floor - Pune - Rent Rs. 15,000/-

3) 2 BHK new flat on rent in Bandhan, close to Chandni Chowk. - Pune - Rent Rs. 13,000/-

4) 2 BHK new flat on rent in Baner road. - Pune Rent - Rs. 11,000/-

5) rental 1 bhlk furnished in kothrud area - Pune - Rent Rs. 8,500/-

Dealing with global economic uncertainty and recession:

I look at Mont Vert's "Rent Today Own Tomorrow" as a solution to deal with job uncertainty and bust of booming real estate market in Pune. Now, considering the response Mont Vert has received, i am very much convinced that this can be a workable solution.

Solution not only for the builder but for the real estate investor who may not get an appreciation, a buyer and expected rent for his 2nd flat which was his major investment. Can he offer "Rent Today Own Tomorrow" to successfully en-cash his investment and retire from the property market, at least in the next 11 months?

In these tough times, instead of just renting and letting your hard earned money go down the drain, can you opt only for the flats which has "Buy Tomorrow" offer? And convert your rent into your down payment and own the same property in the next 11 months when you are little bit comfortable about paying EMI!

What about the property rate?

For "Rent Today Own Tomorrow" offer, generally pricing terms depend upon the trend in real estate market. For example, Donald Trump offered "locked in property price at today's property rate" for Trump Plaza because in November 2007, real estate prices were rising.

Now, we all agree that property rates in Pune are going to go down more in 2009. So both of you, real estate investor and the property buyer, can work out on a reasonable property rate and go for mutually agreed property rate or opt for Mont Vert's Rent Today Own Tomorrow style "property rate at the time of purchase" term.

Since, both of you are perfect gentlemen and don't belong to the builder community, you can be sure about "transparency", "fair price", "ethics" and guess how low property rates can go accurately. Right?

What is your take on renting today to own tomorrow solution?

Considering that offer comes form, not a builder but form a real estate investor, mostly IT professional like you, you may look at the "Rent Today Own Tomorrow" in a different perspective.

Do you think it's a good housing solution for the property buyer and a real estate investor to come out of this recession and uncertainty?

Particularly, when mostly many more builders may offer "Rent Today Own Tomorrow" scheme to reduce their inventory of unsold ready possession flats and your investment might depreciate more.

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

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Proactive Mont Vert once again devices plan to deal with uncertain times – launches innovative program for home-buyers

Press Release:

Mont Vert does it once again.

This time Mont Vert has come out with a new offer which they are confident will address the dilemma of all potential home buyers today - whether to buy a home today or to delay the buying decision.

In today’s uncertain economic conditions home-buyers are concerned about their job and business security. And unsure about real estate rates – whether they would fall further and if interest rates would go down any more.

“What we have done is, we have reassessed the market situation from the point of view of the buyers and carried out a survey amongst families whose monthly income is around Rs.50,000 and who is our target audience”, explains Manish Kaneria, Director, Mont Vert.

What this study revealed was indeed interesting and realistic.

A number of families who wanted to buy their own home were in fact staying in rented houses just because they thought that this is not the right time to buy an apartment, as they were not sure whether their jobs would be intact and also they could lose a substantial amount if real estate prices were to correct further.

The greater of the two uncertainties today is the fear of losing jobs, because of the global gloom all around and an air of extreme uncertainty.

These families have also realized that by paying rent they are losing the rent amount forever. It is an added expense for them in an already tough environment.

This is exactly what Mont Vert is looking to address with its new consumer friendly program.

Rent Today Own Tomorrow:

The program that Mont Vert is offering is that they will be having a certain number of apartments which will be ready for possession by the month of May / June ’09.

They would offer these apartments for rent to the potential buyers who are already staying on rent elsewhere.

But the difference is that the rent taken by Mont Vert can be converted into a down payment if they decide to buy the same apartment at any time during the agreement period of 11 months.

If for example, a person who has taken a Mont Vert apartment on rent decides to buy the apartment, say after seven months, then he will pay the prevailing market rate in that particular month.

This also addresses his hope that prices might fall in the near future.

“However”, says Jayant Kaneria, MD, Mont Vert, “the customer is under no obligation to buy the apartment from us at the end of 11 months. He can either choose to move out of the apartment or transfer the entire amount of rent paid by him as a down payment on behalf of a friend or relative who may be interested in buying the apartment”.

So this becomes a win-win situation for him.

‘Rent Today Own Tomorrow’ is the one more example Mont Vert is coming up with an innovative offer which addresses consumer needs.

One might recall that earlier they had launched a project in Wakad, to sell luxurious 2 BHK & 3 BHK apartments for a price tag of Rs.29 lacs and Rs.39 lacs respectively, when prevailing prices were much higher.



This was also done in response to customer feedback and the project was an instant hit, as Mont Vert booked a record number of over 250 apartments in just 3 days.

The program now being announced of Rent Today Own Tomorrow also addresses the need of the potential customer and converts a major expense into an asset and this too, at his/her terms and comfort levels.

Therefore, the hallmark of Mont Vert is to respond to customer needs especially in adverse market situations.

This has always resulted in starting a trend in favor of home buyers.

“At Mont Vert we have always believed in coming out with bold initiatives to benefit our customers even if it means that we have to tread on a path which has not been tried before”, sums up Manish Kaneria.

Related Stories:

1) Shame, Shame, Shame ...
What is going on in Pune real estate market?

2) Rent Today Own Tomorrow
Here are the details of the offer:

3) Rent Today Own Tomorrow - convert your rent into down payment - revolutionary offer from Mont Vert

Is it too good to be true?

Where is the catch?

Why Mont Vert has come out with this offer?

Why the builder, Mont Vert, is joining the brigade of property buyers who advocate "Wait. Don't book for the next 6 months. Property rates are going to go down further!" and offers their brand new flats for free?

It is too good to be true! Isn't it?

What say you? 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 Blog

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Rent Today Own Tomorrow - convert your rent into down payment - revolutionary offer from Mont Vert

Perfect housing solution in recessionary times when job insecurity is a major concern for all of us!

How does it work?

Mont Vert's website says:

Through this unique offer you may rent and move into a new, ready-possession Mont Vert apartment (through a regular rental agreement) with an option to buy the same apartment at any stage during the rental period.

On purchase, all the rent paid till date would be adjusted against the purchase price of the apartment.

What if you don't want to purchase your rented flat?

Transfer the paid rentals and deposit amount to a friend or relative!

Which means, it is not compulsory to buy Mont Vert's flat.

You are free to trade your "rental savings" with your friend or relative.

You can collect cash from him and use that amount to book a flat in any project, anywhere in the world!

Rent paid is no more lost forever!

No doubt, renting is better than paying unrealistic, irrational property rate for the flat which may not appreciate but mostly depreciate, at least in the next few years.

But considering the job insecurity, you can't let the rent go down the drain every month. By this offer, renting becomes automatically saving money for buying your own flat!

Better than marrying landlord's daughter!

I find Mont Vert's offer awesome! Other wise till now there was only one way to save your rent - marry your landlord's daughter! Which is, recession or no recession, just like jumping out of the frying pan and into the fire. Take my word.

What do you say? Do you have any other option of not only saving your rent but converting it into down payment of your flat? Please, share your ideas in the comments. (Comments Policy)

Related Stories:

1) Shame, Shame, Shame ...
What is going on in Pune real estate market?

2) Rent Today Own Tomorrow
Here are the details of the offer:

3) Proactive Mont Vert once again devices plan to deal with uncertain times – launches innovative program for home-buyers

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 Blog

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

Amit Enterprises' Astonia at Balewadi- 2 bhk flat of 685 sq.ft. carpet area in 25 lakh - is this your dream home?

Can you get more than this at the property rate of Rs. 2,300 per sq.ft.?

Amit Enterprises already has 2 residential projects in Balewadi. Amit's Sapphire Park and Amit's Emerald Park. In these projects property rate, you know, is above Rs. 3,200 per sq.ft. and few flats are still available for booking. Then why Amit launched Astonia in this budget? Is it because in 25 lakh you will buy anything in Balewadi?

1st, 3rd and 5th floor:



2nd, 4th, and 6th floor:

Layout Plan: with open parking for your Nano!

Perfect location:

1) Close proximity to Hinjewadi
2) Easy accessibility to Mumbai Pune Expressway

Are you getting value for your money?

On my post on launching of Astonia, on my Ravi Karandeekar's Pune Real Estate Market News Blog, My Anonymous says, "I think the fair price of flats in Balewadi should be around 1800 per sq ft. Anything more than that is expensive given the current economic situation."

What is your take on the property rate of Amit's Astonia? Is Rs. 2,300 per sq.ft. a fair property price? Different rates of Amit's projects shows that Amit Enterprises doesn't associate property rate with location. Do you still consider that location decides the rate?

Vidya Bala warns the property buyers about 'builders strategy' and suggests that if the property rate is not genuinely reduced, considering the current economic situation buyers should negotiate!

Please, share your views on Amit's Astonia in the comments. (Comments Policy)

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Did you visit Paranjape Schemes' Forest Trails Bungalow Township at Bhugaon?

Middle class dream!

While we were busy in discussing the rational property rate of Blue Ridge Hinjewadi, on my "Ravi Karandeekar's Pune Real Estate Market News Blog", on 21st and 22nd February Paranjape Schemes officially opened the booking of their 2nd township Forest Trails at Bhugaon.

Launching of 140 acre bungalow township in this recession was a shock to those who were not aware about this upcoming attraction of Paranjape Schemes. But those who had visited their website www.pscl.in , at least ones in the last six months, knew about these 200 world class bungalows.

Yes, you are right, around 40 bungalows, costing above 1.25 croer, were already booked, before the project was launched. What may have happened in this 2 day event is any body's guess.

Unfortunately, I was not keeping well, so i couldn't visit Forest Trails. Compulsory rest at home was making me more restless. Advertising on Radio City was telling me that i am missing a big event. Event of feeling good and hopeful about better life.

However, my friend visited the event. His reactions and comments only made me more curious. He said "Forest Trails is a middle class dream!" When i asked him to explain, he said, "To understand this i have to visit the site. Who can say "no" to these bungalows?" When i asked him "Did you feel like booking?" He said, "Ravi, do you think i belong to middle class?"

What is your take on "Forest Trails"?

I have realized that i have become a hostage of over protective Doctor and a cynical friend. Only you can tell me the truth. Only you can free me from the gloom and doom of recession. Did you visit Paranjape Schemes' Forest Trails? Did you enjoy the idea of owning a bungalow? Please, share your experience 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

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

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Related Story:

Get in touch with Vinayak Deshpande if you wish you have your own bungalow in Pune

Celebrate Republic Day - 26th Jan! Select your new home - ready 3bhk flat - in Aditya's Breeze Park at Baner-Balewadi - Call 9860799299

More than 10 ready possession flats available:

When i received this sms, I thought, i should go and buy all available flats in Aditya Breeze Park at Baner Balewadi and close the matter.

"Holi kab hai? Kab hai Holi?," was, of course, the first question, marketing manager of Aditya Builders asked when he got hold of the calendar of this year.

But the manager did not stop at Holi. He has marked all festival and public holidays in 2009. He has written a program to send the SMS of "celebrating the particular day by booking 'refreshingly different ready classy home' at Aditya's Breeze Park at Baner - Balewadi - Aundh annexe." Here are the minutes of the meeting:

Share your views:

If you can, please, help me to answer this question:

"What would be better? Booking a ready 3 bhk flat of 1400 / 1465 sq.ft. at Aditya's Breeze Park at the property rate of Rs. 3,300 - 3,600 per sq.ft. or changing the mobile number?"

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, of my reviews of real estate projects near Hinjewadi, please, subscribe to Ravi Karandeekar's Pune Real Estate Blog

For my blogs on Pune real estate market news, real estate investment opportunities in Pune, and real estate advertising, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group