Well Most developers in Pune never deliver what they promised at the time of sale. Some don’t even delivery even 2 yrs of promised completion date. But then there are some projects/ developers who have delivered as promised. We should give credit to those developers’ who have gone out of the way and have built some quality houses in Pune.

I would Paranjape has done good job in Aundh.
Read more
Reply
59 Replies
Sort by :Filter by :
  • Originally Posted by pcpune


    So overall, 3.5/5 -- is NOT 100% for me atleast.

    Dear pcpune,
    3.5 is not bad, but will certainly try to improve the score.
    CommentQuote
  • Originally Posted by maheshk2k
    Jitu,

    What exactly are you doing to make your offer VFM?

    Dear maheshk2k,
    We provide more & better specs to make it more VFM.

    Originally Posted by maheshk2k

    As you know, only problem with your project is over pricing. I would suggest, reduce the rates. Sell fast... build fast.. exit fast.. this will lead to growth of your company.

    Pune builders should understand, they are not traders... they are developers/builders.
    If you concentrate more on trading of flats.. you will be only getting chindhi profits.. but never will grow to corporate size.

    The logic of sell fast & exit fast is possible but we can't follow this since we have to face future uncertainties & challenges. We are into business so profit making is a motive but customer satisfaction remains the top priority.
    CommentQuote
  • Originally Posted by sonubhatia
    Hi Jitu..

    Seems lot of people here like your project. I just want to know why is that in India Escrow account for property are not used by the developers. Having an escrow account only gives you guarantee that your money for off plan property will only be used for that paticular project and not to finance land purchase for another project.

    Shouldn't escrow account be made compulsory by the builders association as it will only protect the image of builders itself and also will give sense of security to the buyers. Countries like U.K have already made escrow necessary high we should also start thinking about it.

    Dear sonubhatia,
    Escrow account are primarily into practice in land dealings. While in case of RE stage wise disbursement is similar to an escrow account (not exactly).
    RE purchases & transactions through escrow account would be a better option to safeguard buyers interest and builders reputation.
    CommentQuote
  • Originally Posted by Jitu_Sir
    Dear pcpune,
    3.5 is not bad, but will certainly try to improve the score.


    Jitu_Sir, this is the reason I respect you among most builders in Pune, you accept consumer views.

    Yes, you would have to work on the pricing a bit, and also on the other aspects - transparency & honesty needs to improve -- but surely you ARE 80% there --- maybe if you do both things right AT A TIME - you will SELL -- all your flats in ONE SINGLE DAY - I REALLY WANT THAT TO HAPPEN , not for once but OVER & OVER -- and maybe THAT WILL SET AN EXAMPLE -- ITS GOOD FOR THE INDUSTRY !
    CommentQuote
  • Originally Posted by maheshk2k

    Pune builders should understand, they are not traders... they are developers/builders.
    If you concentrate more on trading of flats.. you will be only getting chindhi profits.. but never will grow to corporate size.

    +1 to this but then, are current Pune builders really interested in creating a corporate or building a brand name?? No as most will sell something junk at high price, buy scorpios....& it is end of the story for them. Problem is current Pune builders focus more upon short term gains rather than long term loss, in short, the vision to create a corporate is absent & I feel this more being a part of corporate & observing RE both simultaneously. It is no surprise then that except for Godrej Properties, all the rest RE stocks are in red, even below their IPO levels. Man, lobbies are there but there exists huge difference in the way PBAP/Credai Pune operates when compared to our CII (Confederation of Indian Industry).
    CommentQuote
  • Hope

    Originally Posted by amolkh5643
    Hi Hopes realacres...I really dream to see those scenrios and en days in RE

    Well, I strongly believe in this:-

    "Hope, like faith, is nothing if it is not courageous; it is nothing if it is not ridiculous":).

    Learnt this from self experience:).
    CommentQuote
  • First they ignore you
    then they laugh at you
    then they fight
    then you win

    ~M.K. Gandhi

    :-)
    CommentQuote
  • Originally Posted by realacres
    Well, I strongly believe in this:-

    "Hope, like faith, is nothing if it is not courageous; it is nothing if it is not ridiculous":).

    Learnt this from self experience:).


    On a similar subject, I quite like this quote:

    If you have integrity, nothing else matters,
    If you don't have integrity, nothing else matters.
    CommentQuote
  • Hi Jitu,

    Could you tell me where is this Samrajya Project Located and what is the current rate as well the flat sizes.

    -Sachin
    CommentQuote
  • Originally Posted by sachin_681
    Hi Jitu,

    Could you tell me where is this Samrajya Project Located and what is the current rate as well the flat sizes.

    -Sachin

    Dear sachin_681,
    Samrajya is located in Kothrud, off Paud road near kinara hotel. I would suggest you to visit our website to get more info like location, plans, photo gallery, availability, costing etc.
    Thanks for your genuine interest in our project.
    CommentQuote
  • Originally Posted by abeerbagul
    I think Jitu (Pethkar Projects) will be one of the better builders. Of course this does not change my view that flats in Samrajya are overpriced.
    But apart from price, I guess other things are good.

    Dear abeerbagul,
    Thanks for your appreciation.
    We believe in research of various items used in our construction practices so as to make it more appealing, durable and user-friendly. Will work on to make it more reasonable and reachable.
    CommentQuote
  • This was happening until just few years back.. tilll 2004. I remember, especially for Paranjapes and Rohans the flats were selling like hot cake in matter of few days after opening of booking. They fulfilled most of their promises and became good brands in Pune... Then greed took over.... Some Lallu told them why are you selling cheap?? You can earn huge profits... These good builders thought this lallu is our messiah.
    Result??? Huge unsold inventory.... Large no of house hunters.... No deals happening...... Builders becoming traders/brokers of houses instead of concentrating on their "Core business"

    And big mess called Pune real estate sector.

    Originally Posted by pcpune
    maybe if you do both things right AT A TIME - you will SELL -- all your flats in ONE SINGLE DAY - I REALLY WANT THAT TO HAPPEN , not for once but OVER & OVER -- and maybe THAT WILL SET AN EXAMPLE -- ITS GOOD FOR THE INDUSTRY !
    CommentQuote
  • Might be due to the age old "Aamchi Kuthehi Shakha nahi" mentality of Punekars....:bab (59):
    Problem is current Pune builders focus more upon short term gains rather than long term loss in short, the vision to create a corporate is absent
    CommentQuote
  • Nopes, I dont think thats the reason, I think the Pune builders have - an understanding with the other LOCAL builders, like they wont enter into their markets, neither do they LET others enter into their market. Typical - Godfather mafia kind of division.

    Now, the Tatas and Godrejs, must of out of these, but for them, they are not getting into small schemes within the city, rather they are going in for bigger schemes out of the city - where the land prices are 100-300 Rs per sq feet, and then selling it for 2500-3000 Rs per sq feet kind of levels - making a cool 200-300% margin - for the Tata brand.

    To most builders in Pune now, the "high rates" stategy has back-fired as now the farmers/land owners are asking 1000-1500 rs per sq feet, and if we add the current builder margins in Pune - it goes upto 4000-7000 rs per feet -- which is UN-SALEABLE

    Hence, the builders have a huge built up inventory, not too much projects within city - people are not ready to LIVE 50 kms outside town, when they rent for 10K for 5K in town.

    All of this - has led to stagnation - in the prices and in the market - some incident will break it - Lets wait for that incident.!
    CommentQuote
  • Originally Posted by maheshk2k
    This was happening until just few years back.. tilll 2004. I remember, especially for Paranjapes and Rohans the flats were selling like hot cake in matter of few days after opening of booking. They fulfilled most of their promises and became good brands in Pune...


    Yes Aundh Paranjapes complex was sold in only 4 days for 1800/sq feet
    CommentQuote