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Upcoming projects and Opinion on Bhugaon's Future

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Upcoming projects and Opinion on Bhugaon's Future

Last updated: July 28 2010
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  • Upcoming projects and Opinion on Bhugaon's Future

    Since the previous post was getting hijacked all over the place I did not have a choice but to start a new thread.
    First the disclaimer:
    1. I am not an end user but an investor though I do hold property longer than a trader.
    2. I am or have been a customer/investor at Mont Vert, Paranjpe, Rohan and Vascon.
    3. I am personally looking for a 1 acre lot in Bhugaon for custom bulding homes for 4-5 friends. So I am in love with this area.
    4. I have not bought at MV Belair or at Forest trail.

    Having said this following are some things that I would like to share from my recent fact finding mission in Bhugaon area.

    1. Mont Vert Belair was launched at 2599/- They have confirmed booking of 65 flats form my internal sources with them. Now they hiked up the price to 2799/- to which I strongly disagree. They will not try to budge in even though they know I am a regular with them.
    2. A township of 115 acres is in plan behind Mont Vert, the land belonged to one mr. Bhise and some to MV which a few years back was sold to Sanjay Kakade group.
    3.Paranjpe is coming up with flats at the foothills of their forest trail project in a few months. Rate indication verbally given was 3000+. Do not know how big of a project but assume about 300 flats
    4. One more township around forest trail planned mostly from Kalyani group.
    5.A 20 acre piece of land was shown to me by a broker(I was just tire kicking to gauge the market. I am more interested in 1- 1.5 acres max) Land in Bhukump after forest trail entry on main rd. Final Cost 700/- psft for Katchha land. Lovely piece and too nice to be not taken up by a builder... Of course litigation.
    6. Farm house plot at 4 seasons bhugaon 1 acre for 1.5 cr you can build only 1600 sft plinth.
    7. Please do go on the road leading to school called Sanskriti . Nice look out point for Lavle and Nande. Oxford golf course looks great from there with Hinjewadi in backdrop.

    I personally think with a so many townships planned in next 1 year, this area should transform. Any thoughts?
    Please read my disclaimer before you shoot me down. Thanks
  • #2

    #2

    Re : Upcoming projects and Opinion on Bhugaon's Future

    Helmak, nobody needs to argue with you, since Bhugaon is what no "end user" will ever think for the next 10 years.

    For investors, its their own call. If a "end user" wants to buy there at 2700 today ,well its good for me and I would like to believe he is the smartest man on this earth.

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    • #3

      #3

      Re : Upcoming projects and Opinion on Bhugaon's Future

      In fact If people on this forum are smart it is best to hype up locations which you think are duds and mislead people to divert money there. That way there will be less money chasing the properties you want to buy.

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      • #4

        #4

        Re : Upcoming projects and Opinion on Bhugaon's Future

        Helmak, I did visit Bhugaon last month (forest trail) and guess it will take some time before end users can be attracted to the place. At 2500-2700, PS & Wakad looks better option then Bhugaon.

        However if you are planning to build bungalows over there, not a bad choice. Bhugaon is close to both Hinjewadi (by travelling time) and Kothrud (physical proximity). However dont see shops & other amenities before 2015 over there.

        Recently got to know even Rohan is buying some land over there.

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        • #5

          #5

          Re : Upcoming projects and Opinion on Bhugaon's Future

          No offense, but what is quality of infra, schools, hospitals, public transport in suburbs (and their annexes) like Hadapsar, Kharadi, Thergaon, Kondhve, Dhayari?
          How many years will go by for these areas to go to next level of above facilities even if they are currently in PMC/PCMC limits?
          This should give you a clue about when Bhugaon can become a livable area.

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          • #6

            #6

            Re : Upcoming projects and Opinion on Bhugaon's Future

            Originally posted by rameshyahoo View Post
            In fact If people on this forum are smart it is best to hype up locations which you think are duds and mislead people to divert money there. That way there will be less money chasing the properties you want to buy.
            Again that is very low thinking. I do not think on the same line as you are. I am trying to get a sense what folks are thinking about this area if I was to invest here. And there is nothing wrong in that.

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            • #7

              #7

              Re : Upcoming projects and Opinion on Bhugaon's Future

              Originally posted by sno247 View Post
              No offense, but what is quality of infra, schools, hospitals, public transport in suburbs (and their annexes) like Hadapsar, Kharadi, Thergaon, Kondhve, Dhayari?
              How many years will go by for these areas to go to next level of above facilities even if they are currently in PMC/PCMC limits?
              This should give you a clue about when Bhugaon can become a livable area.
              I agree with you on this 110% that Bhugaon infra sucks today. But 10years for infra development is too long. Currently it is in Town planning and do not expect it to be in DP in next 5-7 years.
              Last edited by helmak; July 22 2010, 11:36 PM.

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              • #8

                #8

                Re : Upcoming projects and Opinion on Bhugaon's Future

                Originally posted by neerajbans View Post
                Helmak, I did visit Bhugaon last month (forest trail) and guess it will take some time before end users can be attracted to the place. At 2500-2700, PS & Wakad looks better option then Bhugaon.

                However if you are planning to build bungalows over there, not a bad choice. Bhugaon is close to both Hinjewadi (by travelling time) and Kothrud (physical proximity). However dont see shops & other amenities before 2015 over there.

                Recently got to know even Rohan is buying some land over there.
                Yes indeed. Therefore looking for a residential plot personally to make a dream bungalow. I did hear about Rohan as well but not from reliable source hence did not mention in my post.
                This makes presence of 3 names in Bhugaon and that is exactly why thru this post I was trying to sense the buyer or potential buyer's thinking.

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                • #9

                  #9

                  Re : Upcoming projects and Opinion on Bhugaon's Future

                  All inputs are welcome but not the accusations or personal hits. Thanks.

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                  • #10

                    #10

                    Re : Upcoming projects and Opinion on Bhugaon's Future

                    With all the knowledge that is floating on this topic I would suggest to invest in land (after throughly doing all checks). Best case would be buy in a plot scheme if available.I would not mind even to got 3-4 KM ahead of Bhugaon if plots are available cheap. You can sell it to younger guys who can wait for 10-15 years (like the plots sold by Sairung, Kirti and others in and around Hinjewadi. NA has still not happened but land saling/resaling is happening). Generally you can never go wrong in land (Apart from litigation issue which a good lawyer would be able to suggest).

                    Cheers,
                    Birendra.

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