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Tracking RE Prices in Pune - Real Estate in Pune

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Tracking RE Prices in Pune - Real Estate in Pune

Last updated: March 16 2016
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  • #91

    #91

    Re : Tracking RE Prices in Pune - Real Estate in Pune

    Originally posted by arpit2k View Post
    It is usually observed that prices quoted on magic bricks are on higher side as compared to similar portals like ************ and ***********
    That's correct...and Times property which is mouth piece of builder community always mentions prices based on magic bricks..which are inflated by (gawaanr) agents and builders....Average price on pashan sus road is shown as 7000 per sq. feet where as actual sales are around 4200 to 4500. Kumar has launched a project for 5500 per sq. feet which is his usual trick to inflate prices...if some one with low budget enquires, he ask those people to visit Kumar Shanitiniket or Kumar Papilon which are flop projects anyway..lot of investors are stucked up in those projects...

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    • #92

      #92

      Re : Tracking RE Prices in Pune - Real Estate in Pune

      there

      Originally posted by plan2011 View Post
      Prices in Bangalore dropped by 15% in the first quarter of this year, however, prices in Pune are going up although half of the flats are empty in every new building.
      They say in the media about 15% drop but if you ask builder, prices are more or less stagnant. Kumar Properties in Bangalore is selling 2BHK flat around 42to 45 Lakh in Jalahalli area(far away any IT park).(Last so many months he gives the same answer like any Pune builder-"Only few flats are left!!" ) On Sarjaur Road/Whitefield(similar to Hinjawadi) 2BHK costs around 40 to 45 minimum by good builder.Prices inside city are more or less same.Percentage of big and good builders is less in BLR and they don't reduce the price.Their main customers are IT companies/NRIs who also book the flats by some proxies and rent flats to their executives at 30K/month as rent.
      Last edited August 30 2011, 01:44 PM.

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      • #93

        #93

        Re : Tracking RE Prices in Pune - Real Estate in Pune

        eprofest made it easy , all-in-one
        http://.blogspot.com/2011/08/pune-pr...fest-2011.html

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        • #94

          #94

          Re : Tracking RE Prices in Pune - Real Estate in Pune

          Visited Rohan Mithila Today.. Was surprised to see there are many flat options availble for buyers... 6 months back when i paid a visit, there were only 3 flats left, 2 were on top floor..

          Anyways, here are the rates quoted:
          5850 for garden facing
          5750 for non-garden facing.

          2 BHK of 816 carpet and 1219 total area costing 78 L..

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          • #95

            #95

            Re : Tracking RE Prices in Pune - Real Estate in Pune

            Originally posted by itsvin View Post
            Visited Rohan Mithila Today.. Was surprised to see there are many flat options availble for buyers... 6 months back when i paid a visit, there were only 3 flats left, 2 were on top floor..

            Anyways, here are the rates quoted:
            5850 for garden facing
            5750 for non-garden facing.

            2 BHK of 816 carpet and 1219 total area costing 78 L..
            they will remain available for next 6 months and next 6 months as well...

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            • #96

              #96

              Re : Tracking RE Prices in Pune - Real Estate in Pune

              Originally posted by itsvin View Post
              Visited Rohan Mithila Today.. Was surprised to see there are many flat options availble for buyers... 6 months back when i paid a visit, there were only 3 flats left, 2 were on top floor..

              Anyways, here are the rates quoted:
              5850 for garden facing
              5750 for non-garden facing.

              2 BHK of 816 carpet and 1219 total area costing 78 L..
              What!!! 2BHK for 78L ? Thats way tooooo much....not sure what the builder lobby is thinking about us!! Maybe they assume we are IT folks so we can print money on our printers.

              In that amount I can get a 30x40 sqft land with an old 3BHK house in good area in Bangalore.
              Till now I was looking for Apartments, but I think now I should be looking for independent house.

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              • #97

                #97

                Re : Tracking RE Prices in Pune - Real Estate in Pune

                Originally posted by mymarji View Post
                What!!! 2BHK for 78L ? Thats way tooooo much....not sure what the builder lobby is thinking about us!! Maybe they assume we are IT folks so we can print money on our printers.


                Till now I was looking for Apartments, but I think now I should be looking for independent house.
                +1. Buying a flat today is a rip off, building on own makes much more sense .
                If you are happy, you are successful.

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                • #98

                  #98

                  Re : Tracking RE Prices in Pune - Real Estate in Pune

                  Builders share resources, work together to fight realty gloom

                  Builders share resources, work together to fight realty gloom - The Economic Times

                  The problems of falling sales and rising inventory have forced builders across the country to work with each other - sharing land, labour, investment, as well as other resources, to bring down costs and manage inventory.

                  With home sales falling steadily, builders are piling up huge inventory-as high as 40 months in a few cases in Mumbai.
                  **Showing that no one can hold this high amount inventory, unsold flats, and distress sale is going to happen, or, in most of the case it is happening also.


                  Many builders are finding it difficult to service loans-the combined debt of the top eleven listed real estate firms is 38,500 crore.

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                  • #99

                    #99

                    Re : Tracking RE Prices in Pune - Real Estate in Pune

                    In June 2011 i visited DNA property exhibition. Their I came to know about a project Devraai by Sanjeevani developers at kiwale (15 kms from wakad bridge towards ravet)
                    Rate quoted that time was 2600/sq. ft.
                    Yesterday SE called me, now he said the asking rate is 3000/sq. ft.
                    I said in juts two months what made you to increase 400 rs. He said steel, cement, reti, bricks, inflation every thing has increased.
                    Dont know whether recession is affecting the RE or not

                    Comment


                    • Re : Tracking RE Prices in Pune - Real Estate in Pune

                      Originally posted by ydkcool View Post
                      In June 2011 i visited DNA property exhibition. Their I came to know about a project Devraai by Sanjeevani developers at kiwale (15 kms from wakad bridge towards ravet)
                      Rate quoted that time was 2600/sq. ft.
                      Yesterday SE called me, now he said the asking rate is 3000/sq. ft.
                      I said in juts two months what made you to increase 400 rs. He said steel, cement, reti, bricks, inflation every thing has increased.
                      Dont know whether recession is affecting the RE or not
                      What happens if people don't buy. Will it still rise ? These developers will any damn excuse to raise costs, such as rise in steel, cement prices. Why don't they reduce their profit margins ?

                      If we delay, then it may start pinching their false ego and maybe then they will thin about reducing....

                      If the bigger players are offloading some of their projects to get cash, where will these small developers go. Maybe they will start selling their ..raddi or used clothes.

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