Hello Forum members,

Can anyone shed the latest rate in this area quoted by builders/re-sale. OI have an apartment here which I would like to sell. Also what is the multiplier to get the saleable area these days ?

Thx
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  • Isn't 8000/- too high & very little scope for further appreciation?

    Baner - Pashan link road...buy till maxm rate 8000/- ...location is good...no longer a narrow road...

    @mmuley,

    How did you compute 8000/- for the area? At 8000/- per sq foot, this area rivals rates in other areas like kothrud & Aundh which are well developed. Is 8000/- kind of rate justified for this area?
    What would be lower end of rates in this area?

    Also, with lot of land still empty on the link road (meaning a lot of new projects likely to be launched in the future & lot of supply), is there a likelihood of any appreciation in this area?
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  • Originally Posted by sqaurefoot
    Baner - Pashan link road...buy till maxm rate 8000/- ...location is good...no longer a narrow road...

    @mmuley,

    How did you compute 8000/- for the area? At 8000/- per sq foot, this area rivals rates in other areas like kothrud & Aundh which are well developed. Is 8000/- kind of rate justified for this area?
    What would be lower end of rates in this area?

    Also, with lot of land still empty on the link road (meaning a lot of new projects likely to be launched in the future & lot of supply), is there a likelihood of any appreciation in this area?


    Aundh .,,,,rates start from 9500...,,(you may get 7000-8000 rate for 20year old 4 floor buildings with no amenities or garden or even parking space)

    There is a concept called "piggy backing" or annex (in builder's language) ...

    For e.g: On the first weekend(fri/sat) nite of the month the major veg restaurant is packed with long waiting quieue..what happens ? Some ppl get frustrated and eat in other smaller restaurant nearby (it may not be great) but serves the purpose well for that time....
    ..in same way since aundh is full ...(& more costly).the next better option within PMC and nearby is Baner=Pashan link...if you still find costly move to balewadi...
    ,,,thats how "development" of city takes place inner to outer..
    ..

    Aundh /kothrud rates in 2002 were around 1000/- ...why now they are 9-12K range..same reason

    Lower end B-P link can be 6500 but it will be for leaky 10-12 year + old flats


    .

    ..
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  • Forgot to add....dont mix apples with oranges....

    For faster price appreciation you have to move far from the city,,,(wagholi, piranhut,ravet,etc)

    Prices do not stop increasing (it though plateaus out for some time)...8000/- will become 12000/-
    maybe be 6 years ,,,but rate 3500 can become 5000 in 2-3 years....

    Also it depends which area and how it develops...it is like selecting a mid cap before it becomes a blue chip ..(infosys found it difficult for its IPO to be fully subscribed :) those who bought at that time are now HNI's
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  • IMO Baner-Aundh-Balewadi forms the "no amenities yet high price" belt of pune. Basic requirements for everyday life are priced higher out here than any other part of the city. There are no places of interest and yet for some reason rents in Aundh are at par with places like KN and KP !.

    It makes a lot of sense to move to East pune instead . Thats the place most of us are anyway if not sleeping or at our cubicle in Hinjewadi !.
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  • Originally Posted by ashwinrath
    IMO Baner-Aundh-Balewadi forms the "no amenities yet high price" belt of pune. Basic requirements for everyday life are priced higher out here than any other part of the city. There are no places of interest and yet for some reason rents in Aundh are at par with places like KN and KP !.

    It makes a lot of sense to move to East pune instead . Thats the place most of us are anyway if not sleeping or at our cubicle in Hinjewadi !.


    Agree. Aundh rates escalated after the launch of IT park at Hinjewadi as it was the nearest habitable suburb to the IT park. It is quite overpriced and one should really avoid buying there. (same like Kothrud). Problem with most people is that they have too many emotional/mental strings attached to these locations.
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  • I personally like this area a lot.

    There is the hill just at the backside of peninsula project which stretch from Baner to Pashan.

    Lovely view and you can go trekking with family and friends.
    Lovely breeze keeps blowing all the time and the temperature of the area is always a few degree low than other main city.
    The area is well connected to both City and IT parks. Good connectivity through roads, Hospitals, schools, all the major banks, day care center etc available nearby.

    No Dearth of good restaurants and bars as well.

    Pashan lake is also not far off.....go there for watching birds and photography. Its picture perfect.

    Due to lot of government land holdings it is never going to be overcrowded. Calm and tranquility prevails.
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  • Originally Posted by kingmanish
    I personally like this area a lot.

    There is the hill just at the backside of peninsula project which stretch from Baner to Pashan.

    Lovely view and you can go trekking with family and friends.
    Lovely breeze keeps blowing all the time and the temperature of the area is always a few degree low than other main city.
    The area is well connected to both City and IT parks. Good connectivity through roads, Hospitals, schools, all the major banks, day care center etc available nearby.

    No Dearth of good restaurants and bars as well.

    Pashan lake is also not far off.....go there for watching birds and photography. Its picture perfect.

    Due to lot of government land holdings it is never going to be overcrowded. Calm and tranquility prevails.


    while there are good reasons to like a particular area/project, don't let the builder exploit you for your weak points.

    After all, there is more to life than buying over priced property and paying EMIs.

    Remember that an EMI free property can get you a peaceful sleep that no luxurious property can.

    Many of the points you've mentioned are not guaranteed for next 20 years.
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  • Originally Posted by kingmanish
    I personally like this area a lot.

    There is the hill just at the backside of peninsula project which stretch from Baner to Pashan.

    Lovely view and you can go trekking with family and friends.
    Lovely breeze keeps blowing all the time and the temperature of the area is always a few degree low than other main city.
    The area is well connected to both City and IT parks. Good connectivity through roads, Hospitals, schools, all the major banks, day care center etc available nearby.

    No Dearth of good restaurants and bars as well.

    Pashan lake is also not far off.....go there for watching birds and photography. Its picture perfect.

    Due to lot of government land holdings it is never going to be overcrowded. Calm and tranquility prevails.


    You are talking about Pashan near DRDO .. not baner pashan link road. This link road is full of apartment buildings.
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  • Faace the reality- Class, Caste & Religion matters

    Lets not be diplomatically "right" and face the true reality which exists in our minds and society (which may still take decades to eradicate) but we try to just ignore/skirt it since we call ourselves "matured" educated class . (The same class/religion colour diffferentiation exists in developed countries like USA but we dont speak a lot about it.)

    In Mumbai
    - Gujarati's -vGhatkopar/Borivili/Andheri/Mulund(west)
    - Dadar - Marathi Brahmins/Marathas
    - Chembur - Sindhi and Punjabi
    - Sion / Matungs- South Indians ,,,Separate area for Parsis
    - Thane/Dombivli- Lower middle class marathis
    - Badlapur/Karjat - Worker class
    - Dongri - all muslims etc..the bhai;s area
    - South Mumbai - Indrani & Shobha De class (no further explanation required :)
    - Vakola - Christians
    -Goregaon/Dahisar - initally tabelahwallahs (north indians) now bit cosmo

    The the difference in rates in these areas remains as it was even 40 years before.
    In Pune
    ,- Pimpri/Chinchwad/Marketyard - Worker class
    - Kalyani Nagar/Vimannagar - Ex army (Mainly Punjabi/Sindhi) and Dubai/Muscat returnees
    - Koregaon Park - Was called "tadipar" area before..where americans move around in half pants
    - Boat Club road - Elite class very high price

    -Prabhat- MArathi upper class industrialists/builders/doctors

    Kothrud - Middle class brahmins (most of them upgraded from the peths after IT boom) - This micromarket has its own "rules" /shops etc...(lot of cartoons and jokes about it) - No outsider ever wishes to buy here ..in case he buys..he sells flat (literally frustrated with ppl there)

    - aundh - Kirloskar bungalow, Lata Mangeshkars hotel (Sarjaa) , Sindh Society and Abhimanshrree society were the initial settlers..and slowly developed into upper middle class brahmin area...but soon become IT cosmo based area though the core remains

    - Most newcomers to Pune started staying in Wakad/PS/PN etc

    In Mumbai and Pune people can upgrade and downgrade and move to other areas but they dont do so....reason "needs of the community - temples/food/Culture etc" and also the basic human aspect " fear" ..."one is safe secure and happy" among its own kind.

    (P.S: Many ppl may get upset but this is the reality IMHO)
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  • Originally Posted by mmulye
    Lets not be diplomatically "right" and face the true reality which exists in our minds and society (which may still take decades to eradicate) but we try to just ignore/skirt it since we call ourselves "matured" educated class . (The same class/religion colour diffferentiation exists in developed countries like USA but we dont speak a lot about it.)

    In Mumbai
    - Gujarati's -vGhatkopar/Borivili/Andheri/Mulund(west)
    - Dadar - Marathi Brahmins/Marathas
    - Chembur - Sindhi and Punjabi
    - Sion / Matungs- South Indians ,,,Separate area for Parsis
    - Thane/Dombivli- Lower middle class marathis
    - Badlapur/Karjat - Worker class
    - Dongri - all muslims etc..the bhai;s area
    - South Mumbai - Indrani & Shobha De class (no further explanation required :)
    - Vakola - Christians
    -Goregaon/Dahisar - initally tabelahwallahs (north indians) now bit cosmo

    The the difference in rates in these areas remains as it was even 40 years before.
    In Pune
    ,- Pimpri/Chinchwad/Marketyard - Worker class
    - Kalyani Nagar/Vimannagar - Ex army (Mainly Punjabi/Sindhi) and Dubai/Muscat returnees
    - Koregaon Park - Was called "tadipar" area before..where americans move around in half pants
    - Boat Club road - Elite class very high price

    -Prabhat- MArathi upper class industrialists/builders/doctors

    Kothrud - Middle class brahmins (most of them upgraded from the peths after IT boom) - This micromarket has its own "rules" /shops etc...(lot of cartoons and jokes about it) - No outsider ever wishes to buy here ..in case he buys..he sells flat (literally frustrated with ppl there)

    - aundh - Kirloskar bungalow, Lata Mangeshkars hotel (Sarjaa) , Sindh Society and Abhimanshrree society were the initial settlers..and slowly developed into upper middle class brahmin area...but soon become IT cosmo based area though the core remains

    - Most newcomers to Pune started staying in Wakad/PS/PN etc

    In Mumbai and Pune people can upgrade and downgrade and move to other areas but they dont do so....reason "needs of the community - temples/food/Culture etc" and also the basic human aspect " fear" ..."one is safe secure and happy" among its own kind.

    (P.S: Many ppl may get upset but this is the reality IMHO)

    What about baner pashan link road? Looks like posh but in reality the crowd is bakwaas imho. Looks like a mayoos area to me.
    People are more like "how come they have a bigger car" .
    Just my impression which may be wrong.

    I even know the kind of crowd that works in the symantec and calsoft offices at one end of the road... being an alumni of one of them after a year stint and having friends in both.

    In contrast the newer parts of baner look more lively... near and beyond balewadi chowk. People seem more friendly.
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  • Originally Posted by BaagadBilla
    What about baner pashan link road? Looks like posh but in reality the crowd is bakwaas imho. Looks like a mayoos area to me.

    I even know the kind of crowd that works in the symantec and calsoft offices at one end of the road... being an alumni of one of them and having friends in the other.

    In contrast the newer parts of baner look more lively... near and beyond balewadi chowk.


    You and I dont decide the rate of a place...neither our opinion of people staying there matters....its at what rate flat is available..and what profits you can make ...(if you are an investor)

    IMHO...Yerwada onwards ....full nagar road stretch is bakwas....but for investment i bought flat in Pune East...investment and enduse is different

    Also what is there in boat club road - stinking river?
    Koergaon park..drugs and foreigners...?
    Prabhat road,,,mostly bungalows or 5-6 floor apts without any amenities ?
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  • Majority of Puneites (born and raised in Pune) still don't consider areas like Hinjewadi/Wakad/PS/PN/PG/Baner etc as part of Pune.

    They look upon the Peth Areas and adjoining localities like FC, JM, MG Road, Kothrud, Kalyaninagar, Koregaon Park etc for hanging out. Mainly it's the outsiders who're seen living in the areas covered under PCMC.
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  • Originally Posted by BaagadBilla
    What about baner pashan link road? Looks like posh but in reality the crowd is bakwaas imho. Looks like a mayoos area to me. .....
    .


    Tujhse naaraaz nahi B'Bille hairaan hoon mein .... tere masoom savaalo(n) se pareshaan hoon mein :D

    Well not sure how far this is true and how many data samples have been selected to reach the conclusion and how come suddely people become friendly just 2-3 km apart. Maybe you were carrying too much cash in pocket when roaming near Sadanand area :) and with empty pocket on BPLR .

    What is your impressions about Calsoft and Symantec as firms ?
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  • This is a good analysis (/ compilation). While the stated reasons for people to choose locality are well justified, I do not quite understand why IT people prefer IT majority residential localities.

    Whenever a co-worker distributes sweets for buying new house, I ask them why they preferred to buy in a particular society/location/suburb. Most of the times the answer has 'crowd is mostly IT' as a primary reason. (complemented by reasons such as large malls/shopping complexes, multiplex theatres).

    Originally Posted by mmulye
    Lets not be diplomatically "right" and face the true reality which exists in our minds and society (which may still take decades to eradicate) but we try to just ignore/skirt it since we call ourselves "matured" educated class . (The same class/religion colour diffferentiation exists in developed countries like USA but we dont speak a lot about it.)

    In Mumbai
    - Gujarati's -vGhatkopar/Borivili/Andheri/Mulund(west)
    - Dadar - Marathi Brahmins/Marathas
    - Chembur - Sindhi and Punjabi
    - Sion / Matungs- South Indians ,,,Separate area for Parsis
    - Thane/Dombivli- Lower middle class marathis
    - Badlapur/Karjat - Worker class
    - Dongri - all muslims etc..the bhai;s area
    - South Mumbai - Indrani & Shobha De class (no further explanation required :)
    - Vakola - Christians
    -Goregaon/Dahisar - initally tabelahwallahs (north indians) now bit cosmo

    The the difference in rates in these areas remains as it was even 40 years before.
    In Pune
    ,- Pimpri/Chinchwad/Marketyard - Worker class
    - Kalyani Nagar/Vimannagar - Ex army (Mainly Punjabi/Sindhi) and Dubai/Muscat returnees
    - Koregaon Park - Was called "tadipar" area before..where americans move around in half pants
    - Boat Club road - Elite class very high price

    -Prabhat- MArathi upper class industrialists/builders/doctors

    Kothrud - Middle class brahmins (most of them upgraded from the peths after IT boom) - This micromarket has its own "rules" /shops etc...(lot of cartoons and jokes about it) - No outsider ever wishes to buy here ..in case he buys..he sells flat (literally frustrated with ppl there)

    - aundh - Kirloskar bungalow, Lata Mangeshkars hotel (Sarjaa) , Sindh Society and Abhimanshrree society were the initial settlers..and slowly developed into upper middle class brahmin area...but soon become IT cosmo based area though the core remains

    - Most newcomers to Pune started staying in Wakad/PS/PN etc

    In Mumbai and Pune people can upgrade and downgrade and move to other areas but they dont do so....reason "needs of the community - temples/food/Culture etc" and also the basic human aspect " fear" ..."one is safe secure and happy" among its own kind.

    (P.S: Many ppl may get upset but this is the reality IMHO)
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  • Originally Posted by compuwalah
    Tujhse naaraaz nahi B'Bille hairaan hoon mein .... tere masoom savaalo(n) se pareshaan hoon mein :D

    Well not sure how far this is true and how many data samples have been selected to reach the conclusion and how come suddely people become friendly just 2-3 km apart. Maybe you were carrying too much cash in pocket when roaming near Sadanand area :) and with empty pocket on BPLR .

    What is your impressions about Calsoft and Symantec as firms ?


    Hehhe... funny.

    Just my impression. Maybe wrong. I was a frequent visitor.

    Calsoft and symantec? Highly political and very limited scope to grow sideways or up. How much you talk and who you know is more important than what you have done. Also you need to speak the "right language". Did I say they are highly political?
    Planning to join there?

    They are facing stiff competition from IBM, EMC, netapp, CommVault etc. There are too many companies in that space now. Their survival looks difficult to me. Virtualization and Cloud IaaS services like AWS and Azure are killing their business. They are getting most of the business from their existing customers.

    In fact, some ex-employees started a startup. They even put up a recruitment ad outside the ex-office. With a tongue-in-cheek take on one of the company's fav buzzword from their vision statement. Many missed the joke.
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