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
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  • 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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  • 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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  • 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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  • 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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  • Originally Posted by rameshyahoo
    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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  • Originally Posted by sno247
    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.
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  • Originally Posted by neerajbans
    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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  • All inputs are welcome but not the accusations or personal hits. Thanks.
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  • 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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  • u know all these things!

    As suggested earlier even I would bet on clear title land. If investment horizon is extended then it’s possible that returns may not be attractive. After 8-10 years construction process and quality may have refined and this current construction will look shoddy. Opinion about growth prospect in Bhugaon, I think it’s like predicting which level stock market will be in next year. It’s common knowledge that development for any area happens when big sharks zero on some area. They collaborate with politician and government official to get infrastructure developed. If we look at pace of development in balewadi/pashan/baner. My opinion is it urbanized because of asian Games. Tremendous amount of money was spent by state and central government in that area. There are other nearby areas in pune too where there was so much traction because of proposed SEZ/airport. Those are still sulking. I agree they will outshine when those big ticket items kicks in? But million dollar question is when? So that’s why I think baron land is always good for investment. But then you have another set of issues with those. Baron land as you have already given some instances, how its challenging to get small plots with clean title.

    Verdict: If you agree that this area will take more than 10 years to develop then buy land. If your sources are so sure that even other builders are gung ho about this area and launching schemes in 1-2 years then you can invest in flat.

    If we knew or had vision I could have brought at 710 per sq ft in Kunal icon in 2000. I was teasing my friends who invested there that they will be living in jungle.

    It will be easier said than done to compare growth in last 10 years will be same for next 10 years considering unpredictable state of global economy but what do we know .
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  • As of today, Bhugaon looks good for weekend/second homes in the form of bungalows, farmhouses etc.
    But for end use, staying there & travelling daily as of today.... no ways.
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  • Originally Posted by helmak
    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

    I feel that area is like "buy today and your 2nd generation will enjoy tomorrow", somthing like today's Aundh/Baner was filled with forest 30yrs back and now it is a prime area. In my openion development has to happen but when we cann't say with surity(e.g. if tomorrow an earthquake hits the Pune then definitely people will rethink about invest in pune) but we need to in optimistic way and should guess an average time when area will be developed and accordingly invest.
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  • Originally Posted by helmak
    All inputs are welcome but not the accusations or personal hits. Thanks.


    +1 for this thought.

    Apologies to go a bit off track but, I know of a gentlemen who lives in Girivan (with his family) & works in Hinjewadi. He travels to n fro everyday.
    Reason : He is in love with this place & cannot imagine living in the city.
    So, if somebody is blindly in love with a particular place, he should go for it & be happy.
    Those ppl who have been visiting Bhugaon, Pirangut regularly for past 15-20 yrs (like me) have seen the area transforming & its only got accelerated in the past 5 years.
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  • what is land cost in bhugaon?..i am planning to buy a land which is 12 kms far from hinjewadi towards talegaon..at 150 rs per sq ft
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  • Originally Posted by sno247
    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.


    Agreed with all points except public transport, specifically in Dhayri. It's very well in Dhayari as compared to other parts of City. Buses from Swargate to Dhayari run every 10 minutes. Again not advocating this area. There are many other problem though.
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