lazybone007

It seems you have a personal dislike for Hinjewadi. Why do you think it sucks? Because you dont work there? So what rocks in Pune? Kharadi? Phursungi? Peths? 5-7 yrs from now, Hinjewadi will be sought after due to the massive developments. As of today even I wont consider putting money there, fo that matter in any underconstruction project.

kunjirs

I agree with lazybone. With proximity to the highway and the planned development that comes with township, hinjewadi could be the better place to live in the next 5 years. But there is no point in paying Blue Ridge price based on the future expectation.

RAJESHP

Yes I have personal dislike for Hinjewadi, I think I had already explained why some time before in some other thread. Hijewadi is home to worst IT companies I would consider to work.

Buying house in Hijewadi, you almost restrict yourself to work in Hijewadi, I cannot imagine living in Hijewadi and working in Magarpatta, KP, Viman Nagar.

Buy home where you have access to good school, good offices, like Kalyani Nagar, Wanawori, NIBM, Baner, Pashan, Viman Nagar.

realacres

Hinjewadi or Kharadi or any Banana corporation, make sure you buy based on current infra rather than PROPOSED (man I hate this word now).

Hinjewadi will be good after 5 years if further large scale development takes place here. Maha state govt has already made it clear that special benefits will now be given for companies venturing into tier 3 cities like Nashik. Vascon has already gone there to develop IT parks, & many others may follow.

Hence, if not IT, there has to be something else here. So, as of now, it is better to buy at developed areas rather than bet on future developments.
If builders would have been so sure of the future developments in short term (0-5 years), they would not have sold plots for 100-200/sq ft in nearby areas.

If you go there now, you are becoming future bakra today.
Buy anywhere, anytime if proper infra is present, else stay away. Atleast roads, water is must as rest things automatically follows.

BR is in grampanchayat, so is Wagholi. PMC won't come there very soon. Think about this.

lazybone007

Agreed about all that but fact is that the so called developed areas are fast becoming out of reach of the average person. So people have to look at suburbs like kharadi, wagholi, hinjewadi or even Ravet for that matter. Pune as such doesnt have any world class company apart from IBM. You dont have a microsoft, google, oracle, sun etc, so lets not demean those companies. They are generating jobs for 30K+ people in hinjewadi alone. Im sure you have managed to buy a house in a "developed area" and hence you can afford to make such comments

realacres

Hey lazybone, when did I say that Pune has hopeless companies? I don't work in IT but I have seen world class companies here. What I say is altogether different:- Infra & you need not be central areas for this. Why don't people look at PCMC? It has really good infra & cheaper RE rates as well. Some of the best areas in PCMC are in the range of 2000-3000/sq ft & hence it makes no sense to buy at say Baner Hills for 3k/sq ft. Hope you got what I am trying to say.

Btw, I have one request for IT guys here:-

Make an OS superior than Microsoft Windows. That will be the day when I will show hats off to IT Cos. here & yes, you can do it. We will combine Indian soft ware + Korean/Taiwanese Hardware to throw US out of personal computing/server operations.

puser

Dear Lazybone, with no intention to offend your predictions about Hinjewadi; Hinjewadi is bad IT park; many IT companies opened their offices 5-7 years back with same thing in mind but now, what is there in Hinjewadi - that makes it attractive residential area? Its good for investment (if you have large sum) and then give on rent - as there will always be someone looking for rent.

What will happen 5-7 years from now is not known. It may so happen that it will continue like this (when did phase 1 started ? - did you happen to see that phase 1 of Hinjewadi? what is its state today?) or it may become amazing place. Major IT companies in Hinjewadi are not good payers (TCS, Wipro, Infosys are some companies which are least payers); many S/W engineers can not afford to buy in Hinjewadi (unless they want to rent out) because of huge rates, issues not known to non-IT world - such as lay offs, lack of job security, company business etc.

Kharadi, is than Hinjewadi - Hinjewadi at least will have PCMC water connection; not sure of Kharadi. Hinjewadi isn't even in Pune and it is being sold at such high rates that appreciation for 5-7 years seem very dim to me.

I agree with realacres - price should be based on CURRENT infra and not what is PROPOSED - what is guarantee that 5-7 years now Hinjewadi will be most sought after destination? What if it turns out to exist same for 10-15 years to come?

Regarding Megapolis,

2300 psf rate for Megapolis is good - Any inputs on approach road to this project? Public transport etc? keeping in mind bookings are not happening and there will be only 3 towers; are there constructions near by? In short is there going to be population enough to make basic amenities(market, mall, general store, some clinics etc.) come up in that area? What about security - Police station near by or at least someone who you can call for help from your balcony ?


P.S.

Regarding S/W companies - what matters is how much they PAY; not how much they are PAID . IBM is one the least payer company in the world I would say TCS is better than IBM

lazybone007

Comment wasnt for you realacres and I am not defending Hinjewadi too. Its just that I like to see things more objectively than just bashing up Indian IT companies.

I agree with the PCMC aspect. Pimpri-chinchwad has amazing roads and infrastructure. I just wish they would extend that kind of development to wakad and adjoining areas. That would really differentiate it from even Baner/Balewadi.

And I am indeed bullish about Hinjewadi 5-6 yrs from now. When big projects are launched in any area, the infrastructure gets developed sooner or later. I have heard HIRCO is also coming up with a township there. I would say the future can be bright though the present isnt. I have already stated I dont consider Hinjewadi as an investment destination right now looking at the current infrastructure.

Lets discuss Megapolis and not get into meaningless debates on this thread

kunjirs

Has anyone visited Megapolis recently? What is the difference between their previous phases offered at 3200 and the 3rd phase which is offered at the 2300 ? If there is no difference, will it cause more cancellations in the previous phases?

realacres

One of the major difference is the no. of floors. Earlier ones were high rises while those launched at 2300 are just like any other current building:- 11-12 floors. Hence, there is high possiblity of these buildings getting dwarfed by high rises. The only thing which can save this is making entire project of 2300. However, this would then mean less internal open spaces as FSI will be utilised more on ground floor.