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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Pune > Magarpatta resale 2BHK IRIS
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Old April 25 2012, 03:30 PM   #11
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Originally Posted by aditi sharma View Post
Magarpatta is hell to buy a flat, be it for investment or for end-use.

A friend was looking out for a 2bhk in IRIS, he had got offers for around 33L last year but he didn't buy. Now rates have gone up. Partly due to market and partly due to magarpatta increased their maintanace charge by 2L. Investors are asking 35L in hand, which is fair from their side seeing how rates have gone up everywhere in pune. But to get this 35L in hand, buyer has to shell out 41-42L. 2L for stampduty/reg, 2.25L to magarpatta and 60k-80k to broker. There are no real buyers at this rate. In some isolated cases, people buy fearing further rate hike. but many investors are in dump as 5L worth money go into vein.
Not sure where are you getting this info that their are no buyers at "whatever level". Even at 6K level , buyers will be there. If there are no buyers how can the rate be sustained .

 
Old April 25 2012, 07:34 PM   #12
 
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With the nuisance of hundreds of thousands of vehicles entering & exiting Magarpatta city a.k.a "Speedbreaker City" due to 24/7 operating IT companies, 99 yrs lease period which again keeps getting reduced when resale property (correct me if I am wrong), high maintenance costs, brokerage charges (I bet you can't easily escape the brokers in this part of the world), don't think the cost of the resale flats is justified at all. Amanora would be a better option to buy a resale apartment suiting your budget instead of crowded Magarpatta city. New quality construction, residential & commercial areas separate, 999 yr lease period, schools at walkable distance & much more.
 
Old April 25 2012, 08:37 PM   #13
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Originally Posted by mangopeople View Post
Amanora would be a better option to buy a resale apartment suiting your budget instead of crowded Magarpatta city. New quality construction, residential & commercial areas separate, 999 yr lease period, schools at walkable distance & much more.
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Old April 25 2012, 10:14 PM   #14
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Originally Posted by compuwalah View Post
Not sure where are you getting this info that their are no buyers at "whatever level". Even at 6K level , buyers will be there. If there are no buyers how can the rate be sustained .
Aah, now please don't say you don't know the reason for this.
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