anoopmitra

Hi,

I am new to Pune and have freezed some properties and would like to have input on the way forward.

Rajaveer Palace: Pimple Saudagar: GK Developers: Seems a big builder with lots of projects in Pimple saudagar. Property seems good with good amneties, managed to get the rate down from 3000 to 2700, but he is not ready to budge below. Is the rate good to buy ?, Is the builder reputed and good ?. Please update (as per forums the rate here is around 2200-2600). Posssion in 2-3 months

Dew Dale: Wakad: vishwa vinayak builders: Rate is (2300), flat is good, possession in 2-3 months, can you update on builder credibility ? is the rate good ?

Park Street: Pride Purple: Wakad. Builder was quoting 3100 6 months ago, now quoting 2650 and 2800 (garden facing). Is the rate good ? Is the builder good and reputed

Also, what i see is wakad though close to Hinjewad, seems less developed, whereas pimple saudagar which is couple of kilometers from Wakad, seems to have everything nicely developed ? I plan to stay, so please suggest which is the best place to buy.

Thanks in advance for all the help.

Anoop

ahshahid

I am also facing similar dilemma.
I am thinking of going with rohan tarang at wakad for 2800Rs/sqft.
Is that an acceptable rate?
The possesion will be in 2-3 months
I had inquired Park Street, teh phase saphire etc is in construction I think with possesion being given in 8 -9 months minimum & rate quoted was around 2700.
Though Pimple Saudagar looks mor edeveloped, the Tarang is spacious & more near the completion.

dhinchek

The Crest in pimple Saudagar
2500 for phase 1. I recieved email this morning...
so this can still go further down when I sit for negotiations!

ks2071746

Dear friend,

I agree. The prices may still go down further.

ks2071746

Diya

Hi Anoopmitra, Have you decided anything about the projects in Pimpale Saudagar? If so please share your experiance with us. I agree with others feedback about Wakad and Pimpale Saudagar. Later is the better option.

ks2071746

Dear friend,

I had been to Pune about 2 weeks back. One of my friends told, the RE prices are coming down with a lot of flats unsold/difficult to sell fast and better to wait for another 6 months atleast for real bargain.

ks2071746

jhaashish

Guys,

The fact of the matter is that while real estate prices have already come down in cities like Bombay (by almost 30%) and Bangalore (by almost 30 - 40% at some places), Pune prices have not come down yet. That is partially due to the fact that the builders have already earned much higher margins and can hold out much longer without people ing their flats. They're still playing the waiting game, waiting for our patience to break. And with our herd mentality nowadays when it comes to real estate, " now or else the rates will go higher", who can blame them..

The prices in Pune have gone up by nearly 200% which is clearly a bubble, similar to the stock market which has come down from 21000 last year to 8000 this year. The reason real estate prices in India have shot up so much as also because of foreign companies investing in real estate here.

The current real estate prices are too high for even foreign companies have already started withdrawing their money from the real estate market. Which is also the reason that real estate prices have already fallen by as much as 40% in the above-mentioned cities. Which is also one of the reasons that INR is so low with respect to USD.

Speaking of bubbles the rule of thumb of rule is that "A bubble must burst". You don't believe me? Check out the following article (http://www.iht.com/articles/2005/12/...ess/bubble.php) about the real estate bubble burst that happened in Japan no less, a country which is a much smaller in terms of real estate availability.

In real estate the bubble takes longer to break, unlike the stock market.

So, my request to all of you is (and to tell as many people as you know) to HOLD HOLD HOLD and NOT ANYTHING for the next 1 year. Builders HAVE to bring prices down. Expect prices in Pune to come down to 1400 - 1800 levels in the next year or so. Till then hold onto your money!!!!

Regards,
Ashish

pabitrak5

hi i also enquired with dewdale the project looks nice and under completion, visited yesterday only

but not able to make mind for going for it or not, now thinking will tell him 2200 if yes will sign cheque wht u all say

sunita.chhetri

I visited sites of GK developers day before yesterday i.e. 14thMarch2009. Their projects are good, but price they are quoting is very high. It was 3000 on papers but himself negotiated to 2700. Overall cost for 2BHK of 1050 sq feet is coming nearly to 36Lakhs ( including all ). Can u imagine, sucha high rates?

Guys please suggest. Am planning to wait for few more months. But true, demand is still there in pune. Have seen any people booking flats that day itself. Kinda confuse...

Nebody knows some gud builders or developers in pimpri saudagar?

anoopmitra

Still looking around, will update, overall rate is running between 2300-2800 depending upon the builder, construction stage etc