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Supreme Palms at Baner Balewadi - Feedback

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Supreme Palms at Baner Balewadi - Feedback

Last updated: May 31 2015
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  • Supreme Palms at Baner Balewadi - Feedback

    Hello,

    I am planning to buy 2 bhk flat in Supreme Palms at Baner Balewadi Road.
    I am totally new to this area and would appreciate feedback (positive as well as negative) from anybody who has either invested in this property or studied investing in this property.

    Thanks
    Makarand
  • #2

    #2

    Re : Supreme Palms at Baner Balewadi - Feedback

    Refer to RBI report

    Refer to RBI Macroeconomic Report,

    Home loan disbursements are down by 40 % compared to previous years.

    In 2006-2007 Banks disbursed Home loans worth 46000 crs.

    In 2007-2008 Banks disbursed home loans worth 26000 crs only.
    This market may be crashed in near point.

    Hence if you do not want to get fooled then stay away from market.

    Regards
    Sandeep

    Comment

    • #3

      #3

      Re : Supreme Palms at Baner Balewadi - Feedback

      Supreme Palms Phase 2

      Supreme Palms has launched Phase 2 (i.e. building F), but the asking rate is 6000 psf. I think this is too much a price for balewadi, even for supreme's projects.

      Any opinion/views?

      Comment

      • #4

        #4

        Re : Supreme Palms at Baner Balewadi - Feedback

        This is current rate is balewadi..surprising supreme is asking the same rate...other builders are also asking for the same price which cant match supreme quality...
        Originally posted by mittalmk View Post
        Supreme Palms has launched Phase 2 (i.e. building F), but the asking rate is 6000 psf. I think this is too much a price for balewadi, even for supreme's projects.

        Any opinion/views?

        Comment

        • #5

          #5

          Re : Supreme Palms at Baner Balewadi - Feedback

          @manu - maybe Supreme is seeing the writing on the wall....

          Comment

          • #6

            #6

            Re : Supreme Palms at Baner Balewadi - Feedback

            Balewadi prices

            @manu: I don't think the current rates in balewadi are to the tune of 6K. I have visited several projects in Balewadi over the last two months and the prices quoted are as follows:
            Vatika: 4800
            Orvi: 4785
            Gini Viviana: 5100 (from 25th March)
            KSquare: 5500
            Golden Trellis: 5250
            Vasudha Parnika: 5500
            Palladion: 5400

            All these are quoted prices by the builder. Needless to say, all or most of them have shown willingness to negotiate on these prices, on providing the slightest hint of being a potential buyer. Apart from 43 privet drive (and now Supreme Palms), I don't think any other project in balewadi is asking for 6K.

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            • #7

              #7

              Re : Supreme Palms at Baner Balewadi - Feedback

              I had visited balewadi projects in March end and what I found was all builders were ready to negotiate.I agree Supreme is asking too much...

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              • #8

                #8

                Re : Supreme Palms at Baner Balewadi - Feedback

                Resale apartments in this area are all selling for more than 6000, in some cases 6500. So I don't see why the rates for new bookings won't reach 6000. Just a matter of time.

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                • #9

                  #9

                  Re : Supreme Palms at Baner Balewadi - Feedback

                  Originally posted by pnq2012 View Post
                  Resale apartments in this area are all selling for more than 6000, in some cases 6500. So I don't see why the rates for new bookings won't reach 6000. Just a matter of time.
                  If thats the case, why are builders doing charity by selling at below market rates ?? Till date, I haven't come across any project in Balewadi (including Willows) which sold at such high rate.

                  And as PMC has said that it won't provide water here i.e. Baner, Balewadi; it is absolutely useless to buy one here.
                  If you are happy, you are successful.

                  Comment

                  • #10

                    #10

                    Re : Supreme Palms at Baner Balewadi - Feedback

                    Originally posted by mittalmk View Post
                    Supreme Palms has launched Phase 2 (i.e. building F), but the asking rate is 6000 psf. I think this is too much a price for balewadi, even for supreme's projects.

                    Any opinion/views?
                    I was quoted 6500 baserate and 50 floor rise from 2nd floor. Rate went up in 2 weeks or what?

                    Comment

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