Navina

This is a project in Hadapsar and its rate is 2250 psf, but i think the builder will negotiate. I will be seeing the site this weekend. But the place is about 3km away from PMC limits. Do you think its a good investment option considering that in 3-5 years atleast, the area will come under PMC and the rates will appreciate?.

aditi sharma

I dont want to comment on investment part, as many times its told on this forum that current RE market has no scope of returns.
When is the possession? If it is not near ready possesion, then pls stay away. The same builder has lots of apartments and duplexes unsold at Manjri Greens.
If so, they may delay the construction.

RAJESHP

Some people are more smart than common people like you and me. Obviously they see something that we are not able to see.
But my common sense tell me that, unless these RE bulls continue buying, we wont get dirt cheap rentals.
Today we can rent their 50L house for 10K, tomorrow their 1 Cr property we can rent for 10K.
Let these smart buyers go through the burden/pain of EMI and fighting with builder for not providing the promosed amenities and
after the posession they bear Property tax, Society maintenance etc.
Let them pay 30-40K EMI so that we can enjoy their property by paying 10K rent.
RE bulls please continue to buy, Pune has very good scope to even overtake California/Tokyo in 3-5 yrs in terms of Infra.
Companies like Microsoft are comming, so buy before its too late. Property prices just never falls. Foolish are the people
who invest their money in Stocks and Bank FD.
In USA renting is always costly than owning, be it Car or House which makes perfect sense to me, may be because I am common man.

aditi sharma

Now the builder wants to sell this tranquility flats to Insignia folks in group.
Builder has sent a proposal to Insignia group for group buying. They are not finding buyers in open market...

Maxima2010

Please inform what group is this and is price any lower?

Trojon

Insignia Gruop is also selling units in a Bunglow society ........
saw an advt few weeks back ...location i think in NIBM x.
The Bunglow is sure tempting..
Since Insiggy is s lesser crook among builders ()...
do you have any info on quality/timelines/rates of this Project?

aditi sharma

Trojan,
The Insignia, you are talking about is a developer.
http://insigniaproperties.in

While the above post I wrote is about the Insignia group, led by Nitin Degaonkar.

hitmady

Really, liked your common-sense and humor. LOL

One of my friend was so desperate/scared, that he even withdrew savings for rough-times (PF, mutual-funds) to buy a flat (worth 41L) which fetches 7K rent only
I pity him for compromises he is making on quality of life. He buys cheapest grocery, goes to cheapest hotel.
I am really confused why people do this

aditi sharma

As a response to above post, one member in Insignia group wrote a message posting my previous post about Tranquility in Insignia yahoo group
"I would like to share comments in the Indian Real Estate forum about the group. Earlier also I have seen some not so nice comments about the group on this formum"

In response to this, Nitin Degaonkar has written following. I m copying what he wrote....
--Aditi.

-------------------------------------------
Well, I have observed that - Indian Real Estate forum esp the Pune part
is more of forum for badmouthing about anything and everything that goes
around in the Pune Real Estate.

There are quite a few guys (including this Aditi Sharama - this is not a
lady as is made out to be and I can find real identity but havent really
cared to) who probably dont have any work and keep writing ----. I
guess this chap too is member in Insignia Group under some other name
and has no other business than of the kind stated earlier. These guys
have been crying hoarse even at the bottom of recession that pune
property prices will come down by 30 to 50% and nothing like that
happened. People who go by the unscrupulous posts in such faceless forum
have to pray for their luck. I used to visit this forum and soon found
it to be getting bad to worse. Many other members of Insignia group who
also visit the Indian RE Forum would like to comment on this.

As regards to the Project Tranquility - it is up to members to think
what is right for them.

My take is that this will completely make sense to those who want to buy
a good house in that locality. Nothing can come close to this pricing
and facilities. By the time (1 year) once the project is complete the
prices there will shootup by about Rs.400 to 500.

The developers have completely sold their earlier phase already and have
opened second phase and we have received offer from them. And please
note, we approached them and not otherwise.

Regards,

Nitin

puser

And point is?