Real Estate India – Property Discussion Forum – Gurgaon – Delhi – Noida – Mumbai – Pune – Chennai and more. Property listing, Buying or Selling of Properties strictly prohibited!
Real Estate India Property Forum –Gurgaon, Delhi, Noida, Mumbai –No Buy, Sell or Rent Properties here! Real Estate India

Go Back   Real Estate India - Property Discussion Forum - www.iref.in > Real Estate in Indian Cities > Hot Cities > Pune

Create descriptive Thread ‘Titles’ for better visibility and more responses – Visit Q&A Section for Tips!
Reply
 
Thread Tools Search this Thread
Old 27-01-10   #1
Alok65
New Member
 
Join Date: Jul 2009
Posts: 10
Red face Megapolis smarthome in Hinjewagi

Hi,

Kumar builders is coming up with the township Megapoils in Hinjewadi near IT hub. The premium project costs about 40 lakhs minimum for 2BHK. However, one more project Megapolis smarthome is having a price tag of 25 lakhs for 2BHK. Possession is in Oct 2012. Can someone tell me how is the project from the view point of investment. I am located at Mumbai and a lot of persons (about 80) from my department have booked flat in the project. This would be my second home, one alreadi in Kharghar in Navi MUmbai.
Alok65 is offline   Reply With Quote
Old 28-01-10   #2
search4re
Junior Member
 
Join Date: Jan 2010
Posts: 128
Exclamation

I wonder if anyone dare to think about investing 25 lakhs in such a location . Man its your hard earned money!! Its at the fag end of the city . Virtually no commute ..You will feel like staying in US though
Cant imagine why someone will rent a flat at that end in pune even 10 years from now.
search4re is offline   Reply With Quote
Old 28-01-10   #3
w_sanjay
Junior Member
 
Join Date: Jun 2009
Posts: 141
Default

Not sure why ppl ask again and again about RE INVESTMENT returns when we know current rates are already high...
****Buy only if you have money and if you are buying your first home!****

RE is not a very good investment nowadays!
w_sanjay is offline   Reply With Quote
Old 28-01-10   #4
lazybone007
Junior Member
 
Join Date: Oct 2009
Posts: 224
Default

If 80 people from your department have already booked here, what is the point of asking questions on this forum. Are you going to believe some stranger here or are you going to believe your 80 collegues?
lazybone007 is offline   Reply With Quote
Old 28-01-10   #5
Alok65
New Member
 
Join Date: Jul 2009
Posts: 10
Default

Hi,

The question is not of following the 80 persons whom I know. Everyone is looking at other. Since the flat is afordable, Pune's IT hub is coming up and a lot of companies are setting up offices at the location, people are hopeful of getting good rent and rise in the investment value. At least people from Mumbai are not going to stay at this place and give it on rent. The experienced member of the forum definitely can give good suggestions. It is not a question of asking a stranger or believing my colleagues. I hope the members of the forum are sincere enough to give good suggestions which may be helpful not only for me but for my colleagues.
Alok65 is offline   Reply With Quote
Old 28-01-10   #6
sparsh
New Member
 
Join Date: Jan 2010
Posts: 16
Default

I have booked a 2BHK flat in Megapolis Smart Homes. One can only predict now but once the phase III completes, the scene would definitely be different.
sparsh is offline   Reply With Quote
Old 28-01-10   #7
ams444
Junior Member
 
Join Date: Nov 2009
Posts: 180
Default

Quote:
Originally Posted by sparsh View Post
I have booked a 2BHK flat in Megapolis Smart Homes. One can only predict now but once the phase III completes, the scene would definitely be different.
appreciate your optimism (?)
ams444 is offline   Reply With Quote
Old 29-01-10   #8
search4re
Junior Member
 
Join Date: Jan 2010
Posts: 128
Exclamation

Quote:
Originally Posted by sparsh View Post
I have booked a 2BHK flat in Megapolis Smart Homes. One can only predict now but once the phase III completes, the scene would definitely be different.
Dear ..knowing the current state of IT do you still think phase III is going to be big hit..its true things will improve but the insane bull will never come back again..so considering that the location for this project is biggest no no ...can even think of spending 25 lakhs for it..it takes years to earn that much fortune..
search4re is offline   Reply With Quote
Old 30-01-10   #9
punerebuyer
Junior Member
 
Join Date: Jan 2010
Posts: 201
Default

Quote:
Originally Posted by sparsh View Post
I have booked a 2BHK flat in Megapolis Smart Homes. One can only predict now but once the phase III completes, the scene would definitely be different.
basically it means one will travel less during workdays and then long travels on weekend because nothing will be available nearby and if available, it will be priced very heavily...

and then one fine day, your company decides to open an office in magarpatta...

this has happened with many of my friends who booked flats in viman nagar only to get a transfer to Hinjewadi in couple of years...
punerebuyer is offline   Reply With Quote
Old 30-01-10   #10
prajju
New Member
 
Join Date: May 2009
Posts: 13
Default My point of view

I think if you have enough money to buy the flat in other areas close to city....go ahead with that. Megapolis is for those who has OK OK budget and ready for higher risks....

It could happen that Megapolis will be BIG hit or BIG flop.....However, if you invest in other areas inside or close to city..per sqft rate will be little higher but you will not be in extreme situation in either case.
prajju is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Megapolis Or Blueridge ? Space Pune 22 2 Weeks Ago 02:30 PM
Megapolis Hinjewadi ph-3 - 1BHK 16.87 and 2BHK 25.35 ????? ziblu Pune 90 4 Weeks Ago 01:10 PM
JMD Megapolis IT park- Buy or Wait chatty Gurgaon 2 21-12-09 07:43 AM
Megapolis - Pegasus Properties Vs DSK 3 Carnations - at Baner Usman Pune 9 12-12-09 03:58 PM

Text Link Advertising


Text Link Ads | Real Estate Authority Links | Paid Link Advertising | Buy Text Links
CONTACT ADMIN TO ADVERTISE HERE

All times are GMT +5.5. The time now is 10:27 PM.



Home | Terms and Conditions | Disclaimer | Defamation Disclaimer
Copyright © 2006-10, www.indianrealestateforum.com, All Rights Reserved.
Forum Software Powered by vBulletin Copyright © 2000-2007 Jelsoft Enterprises Limited
Bookmark and Share