Elmwood - Pimple Saudaagar - need your feedback. - Page 4 - Indian Real Estate Forum

s12345 · 27-07-10

It's Raining Discounts In Mumbai's Realty Market
After the huge hike in property prices in Mumbai, realtors are now offering discounts on properties, at least in the suburbs. Royal Palms is offering 1BHK (bedroom-hall-kitchen) of 526 sq ft; 2 BHK (815 sq ft) and 3 BHK (1,082 sq ft) at Rs4,930 per sq ft for its two new towers - Crystal and Diamond Island, both based at Goregaon, a western Mumbai suburb. Previously, these properties at Royal Palms were available at Rs5,300 per sq ft. Earlier, it was reported that Orchid Woods, a residential project by DB Realty, was offering customers through ICICI Home Search, (a division of ICICI Home Finance Company) flats ranging from 2 BHK (1,420 sq ft); 2.5 BHK (1,635 sq ft); 3 BHK (1,820 sq ft) and 4 BHK (2,465 sq ft) at Rs9,500 per sq ft (plus Rs45 per sq ft for floor rise). The apartments in Orchid Woods were priced earlier at Rs10,881 per sq ft. "Property prices have started showing correction as sales are not happening. After the first quarter of the current fiscal, property sales are down by around 15% in Mumbai. End-users have disappeared from the market," said Mr Pankaj Kapoor, founder, Liases Foras, a real-estate research agency.
22 July 2010 moneylife.in

realacres · 27-07-10

Quote:

Originally Posted by s12345

It's Raining Discounts In Mumbai's Realty Market
After the huge hike in property prices in Mumbai, realtors are now offering discounts on properties, at least in the suburbs. Royal Palms is offering 1BHK (bedroom-hall-kitchen) of 526 sq ft; 2 BHK (815 sq ft) and 3 BHK (1,082 sq ft) at Rs4,930 per sq ft for its two new towers - Crystal and Diamond Island, both based at Goregaon, a western Mumbai suburb. Previously, these properties at Royal Palms were available at Rs5,300 per sq ft. Earlier, it was reported that Orchid Woods, a residential project by DB Realty, was offering customers through ICICI Home Search, (a division of ICICI Home Finance Company) flats ranging from 2 BHK (1,420 sq ft); 2.5 BHK (1,635 sq ft); 3 BHK (1,820 sq ft) and 4 BHK (2,465 sq ft) at Rs9,500 per sq ft (plus Rs45 per sq ft for floor rise). The apartments in Orchid Woods were priced earlier at Rs10,881 per sq ft. "Property prices have started showing correction as sales are not happening. After the first quarter of the current fiscal, property sales are down by around 15% in Mumbai. End-users have disappeared from the market," said Mr Pankaj Kapoor, founder, Liases Foras, a real-estate research agency.
22 July 2010 moneylife.in

See, Goregaon is cheaper than Kothrud & Nandan Prospera, Balewadi!! Why the heck Pune commands these prices??

Properties in Navi Mumbai & Nerul can put Pune projects to shame! Not to forget the built quality of Mumbai based developers.

pune00007 · 13-03-11

I stay in the same area and have been watching the progress of this site.... there is no work going on and it looks like the 3 BHK wing may take a few more years to complete

jasprit · 28-03-11

Hi, any new update on this project.. i visited the site and thinking of booking it...pls suggest..total package is 61lac for 2 1/2 bhk

13-03-11	#33
pune00007 New Member Join Date: Mar 2011 Posts: 15 Thanks: 0 Thanked 0 Times in 0 Posts	Elmwoods still incomplete I stay in the same area and have been watching the progress of this site.... there is no work going on and it looks like the 3 BHK wing may take a few more years to complete

28-03-11	#34
jasprit Member Join Date: Mar 2011 Posts: 59 Thanks: 0 Thanked 0 Times in 0 Posts	Elmwoods still incomplete Hi, any new update on this project.. i visited the site and thinking of booking it...pls suggest..total package is 61lac for 2 1/2 bhk

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27-07-10	#31
s12345 New Member Join Date: Jun 2010 Posts: 6 Thanks: 0 Thanked 0 Times in 0 Posts	It's Raining Discounts In Mumbai's Realty Market After the huge hike in property prices in Mumbai, realtors are now offering discounts on properties, at least in the suburbs. Royal Palms is offering 1BHK (bedroom-hall-kitchen) of 526 sq ft; 2 BHK (815 sq ft) and 3 BHK (1,082 sq ft) at Rs4,930 per sq ft for its two new towers - Crystal and Diamond Island, both based at Goregaon, a western Mumbai suburb. Previously, these properties at Royal Palms were available at Rs5,300 per sq ft. Earlier, it was reported that Orchid Woods, a residential project by DB Realty, was offering customers through ICICI Home Search, (a division of ICICI Home Finance Company) flats ranging from 2 BHK (1,420 sq ft); 2.5 BHK (1,635 sq ft); 3 BHK (1,820 sq ft) and 4 BHK (2,465 sq ft) at Rs9,500 per sq ft (plus Rs45 per sq ft for floor rise). The apartments in Orchid Woods were priced earlier at Rs10,881 per sq ft. "Property prices have started showing correction as sales are not happening. After the first quarter of the current fiscal, property sales are down by around 15% in Mumbai. End-users have disappeared from the market," said Mr Pankaj Kapoor, founder, Liases Foras, a real-estate research agency. 22 July 2010 moneylife.in