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Has Pune Properties started showing price down trend?

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Has Pune Properties started showing price down trend?

Last updated: January 4 2013
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  • Has Pune Properties started showing price down trend?

    Any body experienced down trend in Pune Real esate prices?

    There are news like, recent rise in inflation will have effect on real estate prices.

    Thanks
    Makarand
  • #2

    #2

    Re : Has Pune Properties started showing price down trend?

    Viman nagar

    Anybody has a vew on prices in viman nagar area

    Comment

    • #3

      #3

      Re : Has Pune Properties started showing price down trend?

      The prices are stagnant..not going down yet..due to inflation there will be pressure on builder however you nenver knwo

      Comment

      • #4

        #4

        Re : Has Pune Properties started showing price down trend?

        What About Gera Projects in Kharadi?

        Does anyone have any idea about Gera Emerald City in Kharadi?
        I inquired and was quoted 3100/sqft and the builder said that he cant go below this and is not ready to negotiate - take it or leave it. Can anyone please tell me if this is ok rate or should i wait for some time? Builder said that there are only few flats on few floors left
        Has anyone managed to negotiate for anything lower than this for this property?

        Also, anyone has any idea about Gera Sky Villas? Rate is 3300/sqft - does it look ok?

        Comment

        • #5

          #5

          Re : Has Pune Properties started showing price down trend?

          What About Gera Projects in Kharadi?

          Does anyone have any idea about Gera Emerald City in Kharadi?
          I inquired and was quoted 3100/sqft and the builder said that he cant go below this and is not ready to negotiate - take it or leave it. Can anyone please tell me if this is ok rate or should i wait for some time? Builder said that there are only few flats on few floors left
          Has anyone managed to negotiate for anything lower than this for this property?

          Also, anyone has any idea about Gera Sky Villas? Rate is 3300/sqft - does it look ok?

          Comment

          • #6

            #6

            Re : Has Pune Properties started showing price down trend?

            Thanks a lot Pune Rental - really appreciate the feedback
            Cheers!

            Comment

            • #7

              #7

              Re : Has Pune Properties started showing price down trend?

              I am being quoted a rate of Rs. 3500 for paranjpe projects - Gloria in Paud road and Saptagiri near Baner Pancard club. Is it reasonable?

              Comment

              • #8

                #8

                Re : Has Pune Properties started showing price down trend?

                Originally posted by Makarand_keer View Post
                Any body experienced down trend in Pune Real esate prices?

                There are news like, recent rise in inflation will have effect on real estate prices.

                Thanks
                Makarand
                No... property prices in Pune havent gone down dramatically..... maybe around Rs 50 per sq.feet here and there... but thats about.... In Kharadi for example... prices have remained stable for the past 4 months... some projects have actually increased their prices a bit.... be rest assured that there is no panic amongst realtors to reduce their prices.... like you are playing the wait and watch game... they are as well !!!! too bad... with the new radisson hotel all set to come up in kharadi... the prices are sure to pick up by the year end...

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                • #9

                  #9

                  Re : Has Pune Properties started showing price down trend?

                  Pune Prices are falling..

                  I live in Pune... I have been seeing prices in Pune falling since last one year.

                  In India Price fall is very sensitive thing for builders and investors to discus.
                  When it was said that prices are stagnant , many builders were accepting booking secretly at lower prices if you negotiated.

                  6 months back when i did survey for commercial property i found that some some projects were available at lower prices.

                  3 months back a builder accepted that the Residential prices have fallen 20% but commercial prices are stable.

                  Recently i also saw some new projects being launched at lower then market prices that were not heard in Pune for last 2 years in mainly city limits.

                  Though many prominent builders/projects are quoting higher prices, i am sure similar properties can be bought atleast 20% cheaper. and due to further increase in interest rates expected... i think many small builders will have almost nil bookings and will need to run around to sell almost at cost to exit projects.

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                  • #10

                    #10

                    Re : Has Pune Properties started showing price down trend?

                    can you please point at some small time developers.. or any projects your are aware of?

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