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Pune BanerPashan Link Road Ongoing Rates

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Pune BanerPashan Link Road Ongoing Rates

Last updated: September 15 2015
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  • #31

    #31

    Re : Pune BanerPashan Link Road Ongoing Rates

    The new parallel is road is already there ,,,, tarred...already in use....

    The problem was :
    The land belonged to builder and he did not want to give that stretch of land..so it was held up for last 3/4 years...finally additional TDR was given free in lieu of the strech of land taken,,,

    Now the builder will build bldgs on both sides with road going in the middle ..exactly like the strech ahead of "rohan nilay" ...rainbow project !!

    Rolling hills is tooo old.........15 years or so ....with heavy leakage problem,,,,
    Athashri ...was build for old ppl ....and now it has come into a very hubble and busy section...

    Montvert Biarittzz ...the builder is croked but the society members are goood ...they have build their own garbage dsposal system....no dependance on PMC

    Crystal heights is also fine...

    Kumar peninsula had legal problems...there was article in TOI ...residents fought the case and got compensation

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    • #32

      #32

      Re : Pune BanerPashan Link Road Ongoing Rates

      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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      • #33

        #33

        Re : Pune BanerPashan Link Road Ongoing Rates

        Originally posted by sqaurefoot View Post
        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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        • #34

          #34

          Re : Pune BanerPashan Link Road Ongoing Rates

          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
          Last edited September 3 2015, 07:46 PM.

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          • #35

            #35

            Re : Pune BanerPashan Link Road Ongoing Rates

            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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            • #36

              #36

              Re : Pune BanerPashan Link Road Ongoing Rates

              Originally posted by ashwinrath View Post
              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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              • #37

                #37

                Re : Pune BanerPashan Link Road Ongoing Rates

                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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                • #38

                  #38

                  Re : Pune BanerPashan Link Road Ongoing Rates

                  Originally posted by kingmanish View Post
                  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.
                  Last edited September 4 2015, 05:11 PM. Reason: Text Formatting

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                  • #39

                    #39

                    Re : Pune BanerPashan Link Road Ongoing Rates

                    Originally posted by kingmanish View Post
                    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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                    • #40

                      #40

                      Re : Pune BanerPashan Link Road Ongoing Rates

                      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)
                      Last edited September 6 2015, 02:01 PM.

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