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

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

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

Subscribe for Free!

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

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

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

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)

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