Hello,


I am working at Hinjewadi and staying at rent in baner with my family. I wanted to buy a house, purely for staying , not a investor, don't have much budget. So I am looking for a house 2bhk within good locality and round about 50 lakhs(all inclusive).


Can you advice the location and projects, I am willing to go for under construction with possession in 1 years time.


I am looking for society/location from my family perspective.


I have checked property within 50 lacks in baner, veerbharda nagar but all are unknown builders and don't find quality so good.


I am thinking aundh also as it is better residential area and has PMC water which is issue in baner.


Any suggestions on location/ builders etc would be very helpful.


Thanks


Rajiv.
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  • Check Ravet.

    Check Ravet.
    check punevale( GD could be an problem)

    else.... best option :-

    go 4 resel..(age not more than 5 yr) , on resell deal, u have all info:_

    1. soc.
    2. water supply status
    3. maintenance
    4. ppl across u
    5.construction.

    thanks,
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  • Hinjewadi -Megapolis

    Rajiv,

    You will not get 2bhk in aundh/baner/balewadi in 50L ....you can try the following

    1. Resale at Megapolis - hinjewadi - negotiate and you may get it
    2 Resale in baner annex - societies near teerth realities etc

    Ravet is still not liveable in terms of roads/good schools/malls and shopping..may take couple of years.. and most under construction projects are have environmental clearance issues
    .
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  • 2bhk in 50 Lacs not possible in megapolis. Even if he gets the best deal then also it will cost him 56-57 lacs all inclusive in Sparklet. There is 1 new project coming in hinjewadi phase 3, Melanje or something. But possession will be atleast 2 years.
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  • Try resale in megapolis and I am sure you'll get a deal under 50L all inclusive. Recently one of our IREF member locked a deal in megapolis for 45L all inclusive 2bhk.
    There are almost no buyers for megapolis resale :)

    Check posts from 'ashwinrath' who got this deal.
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  • pls correct me:-

    Originally Posted by investwest
    Try resale in megapolis and I am sure you'll get a deal under 50L all inclusive. Recently one of our IREF member locked a deal in megapolis for 45L all inclusive 2bhk.
    There are almost no buyers for megapolis resale :)

    Check posts from 'ashwinrath' who got this deal.



    It has high maintaince reason " water ".
    Still tanker comes daily.. builder prodives.. drinking water.
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  • My friend told me he contacted sales office for resale options in Smart Homes but none seems to be available below 55 lacs.

    45 lacs (all inclusive) is an awesome deal ashwin (as you are telling) got. Which means the cost of flat was only around 42 lacs.
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  • Anyone know how much is the monthly maintenance at megapolis smart homes and how about mystic??
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  • Originally Posted by investwest
    Anyone know how much is the monthly maintenance at megapolis smart homes and how about mystic??


    Sunway and Sparklet = Rs. 2.5 psf
    Splendour = Rs.3 psf
    Mystic = No Idea
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  • Originally Posted by anirban8
    Sunway and Sparklet = Rs. 2.5 psf
    Splendour = Rs.3 psf
    Mystic = No Idea


    On carpet or on salable?
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  • Originally Posted by investwest
    On carpet or on salable?


    salable
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  • ohh so if I rent out 2bhk at 10k - 2.5k+ will go to maintenance. How can people let out their flats at 10k..
    builder is only benefited from megapolis and no investor seems to benefited.
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  • Originally Posted by investwest
    ohh so if I rent out 2bhk at 10k - 2.5k+ will go to maintenance. How can people let out their flats at 10k..
    builder is only benefited from megapolis and no investor seems to benefited.


    Yes you are partially right. Rent of unfurnished 2bhk in Sparklet and Sunway are in varying between 10k to 11.5k. In Splendour it is 12k-13k.

    Investors who put their money long back (2010-2011) benefitted and already sold their flats but not others who invested after 2013.

    In smart homes its more like 50-50 distribution of Investors and end users. Most of the investors are NRIs who probably care less about their returns. And for end users price appreciation or correction will only have mental impact nothing else.
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