IREF® Real Estate in India - Property Discussion
Revert to old theme

Download our app now !



Reply
Magarpatta resale 2BHK IRIS
April 25 2012 , 03:30 PM   #11
Veteran Member

compuwalah's Avatar
 
Join Date: Dec 2009
Posts: 2,030
Likes Received: 401
My Mood: Amused

Quote:
Originally Posted by aditi sharma
Magarpatta is hell to buy a flat, be it for investment or for end-use.

A friend was looking out for a 2bhk in IRIS, he had got offers for around 33L last year but he didn't buy. Now rates have gone up. Partly due to market and partly due to magarpatta increased their maintanace charge by 2L. Investors are asking 35L in hand, which is fair from their side seeing how rates have gone up everywhere in pune. But to get this 35L in hand, buyer has to shell out 41-42L. 2L for stampduty/reg, 2.25L to magarpatta and 60k-80k to broker. There are no real buyers at this rate. In some isolated cases, people buy fearing further rate hike. but many investors are in dump as 5L worth money go into vein.
Not sure where are you getting this info that their are no buyers at "whatever level". Even at 6K level , buyers will be there. If there are no buyers how can the rate be sustained .
April 25 2012 , 07:34 PM   #12

mangopeople's Avatar
 
Join Date: Apr 2012
Posts: 903
Likes Received: 231
My Mood: Amused

With the nuisance of hundreds of thousands of vehicles entering & exiting Magarpatta city a.k.a "Speedbreaker City" due to 24/7 operating IT companies, 99 yrs lease period which again keeps getting reduced when resale property (correct me if I am wrong), high maintenance costs, brokerage charges (I bet you can't easily escape the brokers in this part of the world), don't think the cost of the resale flats is justified at all. Amanora would be a better option to buy a resale apartment suiting your budget instead of crowded Magarpatta city. New quality construction, residential & commercial areas separate, 999 yr lease period, schools at walkable distance & much more.
April 25 2012 , 08:37 PM   #13
Member

Bjforu's Avatar
 
Join Date: Nov 2010
Posts: 183
Likes Received: 23
My Mood: Cheerful

Quote:
Originally Posted by mangopeople
Amanora would be a better option to buy a resale apartment suiting your budget instead of crowded Magarpatta city. New quality construction, residential & commercial areas separate, 999 yr lease period, schools at walkable distance & much more.
+1
Maintenance for shopping Mall.
April 25 2012 , 10:14 PM   #14
Veteran Member

realacres's Avatar
 
Join Date: Jun 2009
Posts: 13,253
Likes Received: 2457
My Mood: Innocent

Quote:
Originally Posted by compuwalah
Not sure where are you getting this info that their are no buyers at "whatever level". Even at 6K level , buyers will be there. If there are no buyers how can the rate be sustained .
Aah, now please don't say you don't know the reason for this.
__________________
If you are happy, you are successful.
Choose theme from here -
LinkBack
LinkBack URL LinkBack URL
About LinkBacks About LinkBacks