Any Info on this:

|| THE LAKE DISTRICT ||


It seems some US investor is investing money in this project...what is the status as of now....

And do these ppls have guts to complete 110 acres township in Pune when established player like Blue Ridge & megapolis are struggling to get bookings....

It seems these days everybody is seeming big money in Indian RE, without knowing indian conditions...

more views on this are invited...
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  • Originally Posted by ash7979
    Any Info on this:

    ]http://www.thelakedistrict.co.in


    It seems some US investor is investing money in this project...what is the status as of now....

    And do these ppls have guts to complete 110 acres township in Pune when established player like Blue Ridge & megapolis are struggling to get bookings....

    It seems these days everybody is seeming big money in Indian RE, without knowing indian conditions...

    more views on this are invited...

    Right, it all depends on their conviction to complete the project come what may.

    If they stall it because they did not get enought bookings!!!! thats the end of it.

    If there are no good aminities around.. again that is the end of it. It does mention a mall will be built... but then that is where conviction comes in to really build it and not leave it for the last and finish it after 15 years.

    And if they price it too high.... might not be able to generate enough bookings... and thats the end of it.

    VK

    Right, it all depends on their conviction to complete the project come what may.

    If they stall it because they did not get enought bookings!!!! thats the end of it.

    If there are no good aminities around.. again that is the end of it. It does mention a mall will be built... but then that is where conviction comes in to really build it and not leave it for the last and finish it after 15 years.

    And if they price it too high.... might not be able to generate enough bookings... and thats the end of it.

    VK

    Right, it all depends on their conviction to complete the project come what may.

    If they stall it because they did not get enought bookings!!!! thats the end of it.

    If there are no good aminities around.. again that is the end of it. It does mention a mall will be built... but then that is where conviction comes in to really build it and not leave it for the last and finish it after 15 years.

    And if they price it too high.... might not be able to generate enough bookings... and thats the end of it.

    VK

    Right, it all depends on their conviction to complete the project come what may.

    If they stall it because they did not get enought bookings!!!! thats the end of it.

    If there are no good aminities around.. again that is the end of it. It does mention a mall will be built... but then that is where conviction comes in to really build it and not leave it for the last and finish it after 15 years.

    And if they price it too high.... might not be able to generate enough bookings... and thats the end of it.

    VK
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  • When has it been launched?
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  • Originally Posted by puser
    Seems launched in 2007

    ]http://ravikarandeekarsblog.blogspot.com/2009/09/pra-realty-launches-lake-district-110.html

    oh, its 2 year old project...anybody have any status update on this project....Real do u have any info on this???

    oh, its 2 year old project...anybody have any status update on this project....Real do u have any info on this???

    oh, its 2 year old project...anybody have any status update on this project....Real do u have any info on this???

    oh, its 2 year old project...anybody have any status update on this project....Real do u have any info on this???
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  • Originally Posted by ash7979
    oh, its 2 year old project...anybody have any status update on this project....Real do u have any info on this???

    No updates my friend. Did not even make a site visit to this project either. Just had read about it & forgot as it had that 'K' word in it:D.
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  • Originally Posted by puser
    Seems launched in 2007

    ]http://ravikarandeekarsblog.blogspot.com/2009/09/pra-realty-launches-lake-district-110.html


    Guys, its not 2007, its Sept. 2009


    Guys, its not 2007, its Sept. 2009


    Guys, its not 2007, its Sept. 2009


    Guys, its not 2007, its Sept. 2009
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  • Project was launched in September 2009. There is a US RE fund backing the project and they have got construction funding from PNB. Developer is new but very strong & resourceful as they have acquired the 110 acres themselves & also got all sanctions, environment clearance & project funding before launching the project.

    Construction of roads etc.. has already started on the site & the developer is claiming they will give possession for first Phase in 2011
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  • The builder has no experience in building in any residential projects
    How come they are starting with a township project directly ?
    110 acres is massive man. is this project for real ?
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  • Originally Posted by rdb911
    Project was launched in September 2009. There is a US RE fund backing the project and they have got construction funding from PNB. Developer is new but very strong & resourceful as they have acquired the 110 acres themselves & also got all sanctions, environment clearance & project funding before launching the project.

    Construction of roads etc.. has already started on the site & the developer is claiming they will give possession for first Phase in 2011



    RDB911-- I have seen your post on the other thread also. Are you from the marketing team of Lake district ?.Everyone is apprehensive about this project and have questions, how come you are just blatantly saying these marketing things
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  • Hi All,
    The Lake district, Kondwa Annexe has no real development going on on the contruction phase.
    I was also interested in the Project but dropped the idea as since Nov'09 till date not even the tender has been given to anybody for the contruction of the building. Just a Sales office has been put up on the site.
    It seem practically immposible to complete the 1st phase by June'11 as promised by the builder people. I even doubt that it can be completed by Dec'11.
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  • Hi,

    Any more updates on the status of PRA's The Lake District project in Kondhwa Annexe? What is the current status? Anyone booked a flat here in Phase 1? When is the expected date of possession for Phase 1? Location wise it looks to be with in city limits and very scenic and pollution free.

    I came across a blog on google. Some really good pictures uploaded. Would like to know more on this project.

    indianconcretejungle dot blog spot dot com/2012/04/pra-lake-district-kondhwa-annexe-pune.html

    indianconcretejungle dot blog spot dot com/2011/12/pras-cove-lake-district-pune-progress.html


    Please keep posting updates on this project.
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  • Lake District

    Originally Posted by lostworld
    Hi,

    Any more updates on the status of PRA's The Lake District project in Kondhwa Annexe? What is the current status? Anyone booked a flat here in Phase 1? When is the expected date of possession for Phase 1? Location wise it looks to be with in city limits and very scenic and pollution free.

    I came across a blog on google. Some really good pictures uploaded. Would like to know more on this project.

    indianconcretejungle dot blog spot dot com/2012/04/pra-lake-district-kondhwa-annexe-pune.html

    indianconcretejungle dot blog spot dot com/2011/12/pras-cove-lake-district-pune-progress.html


    Please keep posting updates on this project.



    Anyone visited this site?
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  • What is your take on PRA Realty & their other projects like PRA East Avenue in Wagholi and PRA's e-park in Kharadi?

    Anybody a buyer or an investor with any PRA Realty projects?
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  • PRA Lake District

    Hi,

    Thanks for sharing the blog link. Good pictures.

    PRA Lake District current status ... hopefully possession for few buildings in Phase 1 should be given before Diwali this year.

    Delays with real estate projects specially the township projects like these are natural. But the project is ambitious & currently in full swing.

    Hope they start work on the commercial part soon that includes Retail Malls & I think its Indus School. That will lead to developments in surrounding area too.

    This project is close to upcoming places like Undri. Good schools closeby. All around 3.5 kms. Pune Mumbai highway is pretty close.

    Do follow PRA East Avenue Wagholi forum for updates on it. I dont think the construction is started there yet. I visited Wagholi area, & I found the area as totally crap ... all rates are artificially hiked by investors. You can only see lots of greenery & foreigners in their brochure.

    Lots of projects being marketed based on their close proximity to EON or Magarpatta city. There is life beyond IT too.

    It is difficult to mitigate risks 100% when you are putting money in real estate projects, doesnt matter if the builder is reputed or a newbie. Your money is still at risk unless you decide to go for a ready possession flat at higher cost.

    I am thinking of visting Lake District site again some time. One of the projects shortlisted.
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  • & then few days ago saw some advertisement ... row house bungalows in Shirur ... buy you Dream House ... bla bla bla ... best marketing breeds on the planet ... lol
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