Owner: Ravi Karandeekar's Pune Real Estate Market News Blog URL:http://ravikarandeekarsblog.blogspot.com/ Join Date: Wed, 27 Feb 2008 18:51:01 -0600 Rating:0 Site Description: News, Press Releases, Special Features, Views and Comments for Promoters, Builders, Contractors, Architects, Structural Engineers, Landscape Architects, Project Managers, Electrical and Plumbing Consultants, Steel and Cement Suppliers, Interior Designers, Site statistics:Click here
Pune realty prices: Exodus: an excuse to boost real estate price or an opportunity for a contractor to renegotiate labour rates with the builder? 2008-03-06 18:31:00 Whatever may be the reason but ,for sure, property buyers will have to suffer because of the delayed possession and shell out more for their flats:“We have informed our customers that there will be a delay in the delivery of flats due to this force majeure situation. We can’t say when the sub-contractor’s labour will be back, when normalcy will return or when flats will be ready” said Gera Developments chairman Kumar Gera, who is also founder chairman of the Confederation of Real Estate Developers Association of India. “We believe that 50% of labourers have gone back and labour rates have surged from Rs 350 a day to Rs 750. We are not even sure if the labourers will come back. The Builders Association will wait till the end of March and assess the situation. The members will then Read more:Exodus
, price
Hot Pune Real Estate News:Pethkar Projects launches Samrajya, township with swiming pool in Balwantpuram at ShivtirhtNagar on Paud Road in Kothrud 2008-03-01 21:27:00 Township in the heart of the city:Mindspace Realty's Queenstown and Elpro Estate
s' The Metropolitan, launched in the last couple weeks, are in the heart of Chinchwad. Amit Enterprises' (promoters of Amit's Bloomfield at Ambegaon) Treasure Park and 9 Green Park are in the heart of Sant Nagar (Satara Road) and Sahakar Nagar. And now, Samrajya, a new phase of Balwantpuram, a township with swimming pool, clubhouse and all amenities in ShivtirthNagar is launched on Paud Road in Kothrud!Property rates in Pune real estate market:Pune is doing well! And Punekars are coming back to Pune. When you know how valuable it is to stay in the neighborhood of your origin, property rate is not a problem. Pune is happy to pay a good property rate. Rs.5,600 to 5,800 per sq.ft. at Balawantpuram Samrajya on Paud Read more:Projects
, Real Estate
What M/s Kumar Gera (Gera Developments), Shrikant Paranjape (Paranjape Schemes), R Vasudevan (Vascon Engineers) expect from 'Union Budget 2008'? 2008-02-27 19:49:00 Even as various sectors in Pune wait anxiously for Union
Budget 2008 to unravel on Friday, wish lists have been drawn up:Kumar
Gera, Managing Director, Gera Developments and Chairman, Confederation of Real Estate Developers Association of India (CREDAI): We want anything that can bring down the input costs in order to bring down prices for the end user. Section 80 IB should be re-instituted to give tax exemptions for those making smaller units. There should be increase in tax exemption to the borrower who has to repay the loan; his interest should be deducted from his income. Also, encouragement needs to be given to rental stock in the country as it indirectly helps various other sectors involved in hiring and movement of people.Shrikant Paranjape, Chairman, Paranjape Schemes
: The rate of Read more:Engineers
Slum rehabilitation and rural housing 2008-02-27 07:50:00 We are busy talking about Amit's Bloomfield, Mindspace Realty's Queenstown and Elpro Estates' The Metropolitan in Pune Real Estate Market, but what's happening in real India?Exploring the use of bamboo as an alternative to the rapidly depleting wood resources in housing and other industrial activitiesA three-day residential training programme on modern bamboo structures and housing will be organised at Kohra, Kaziranga National Park from March 6 to 8, 2008. The programme is jointly organised by Cane and Bamboo Technology Centre and Building Materials and Technology Promotion Council under the Ministry of Housing and Urban Poverty Alleviation.The training programme would elaborately deal with the topics including bamboo of NE India, availability and suitability for building construction, th
Time to shut Lalu Express 2008-02-26 19:53:00 Offstumped Bottom line: It is time the media and the rest of us took a “morning after the railway budget” pill and realize the better the Railways perform the stronger the reason to disband the Railway Ministry. It is time we as a society raised expectations of our Public Institutions to demand that the performance of the Railways be measured not on how much revenues were generated to subsidize populism of the Government of the day but instead on maximum value delivery to us the Consumers of Rail Transport. That can only happen by shunting out the Minister from having a free ride on the Railways gravy train.read more | digg story
Read more:Express
Indian Railway Budget 2008-09 2008-02-26 19:17:00 Lalu makes India Inc. and common man happy....highlights...read more | digg storyRelated Story:Hail to the Rail!
Property tax bills through SMS in Pune 2008-02-24 22:37:00 The Pune Municipal Corporation (PMC) is launching a new system in which citizens would get details of their property tax bills through an SMS
service. Trials have already started and to be a part of it, one has to type 'eaa' give space, mention your property number and sms it to 54646. The details of the tax will be sent on your mobile within a few seconds. "The on-line billing facility is already there, but we wanted to reach all sections of the society and mobile is the best medium to do so," municipal commissioner Pravinsinh Pardeshi said.The formal announcement of the project would be made in a week. The PMC is also working on a plan in which citizens can receive property bills on mobile and pay them on-line. "This is the second phase which would take some time. However, the SMS projec
Review of property rate of Queenstown, Mindspace Realty's township of 3bhk and 3&1/2bhk luxurious flats at Chinchwad Railway Station 2008-02-23 10:51:00 Reasonable rateWhen i asked you to guess, even I did not know the property
rate of Queenstown. I know the real estate rates in almost all locations of Pune. If you are reading my Pune real estate market news blog regularly, you know Amit's Bloomfield at Ambegaon on new Mumbai Bangalore bypass is asking Rs.3,800 and Rs.4,000 per sq.ft. Property rate of Amannora Township on Hadapsar Kharadi bypass is Rs.3,500 and Rs.4,000. At Balewadi and Bavdhan Koolhomes's property rate is Rs.4,000. Midori Towers of Pimple Nilakh, was launched at special rate of Rs.3,000 per sq.ft. But all these projects were in undeveloped areas. In last couple of years, not a single township was launched in the developed area of Pune and Pimpri Chinchwad. Why? How can you have a township in the city if the big plots are Read more:Realty
, Station
Elpro Estates' The Metropolitan, in the heart of Chinchwad, great news for Pune real estate market - thanks to Cushman & Wakefield! 2008-02-23 04:27:00 Blue Ridge at Hinjewadi and Dwarka at Chakan-Talegaon road:There was nothing between these two extremes! Paranjape Schemes' Blue Ridge at Hinjewadi was more than a township. It was a self sufficient, international, mini town with complete infrastructure, close to your place of work. Naiknavare's Dwarka, a Bharat Pattern township, at Chakan-Talegaon road is the last hope for the middle class at the upcoming, soon to be developed location on the ring road of Pune. A local real estate solution near the proposed international airport. Unfortunately, till the launch of "Queenstown" this week, there was no project in the developed area of Pune and Pimpri Chinchwad city. From today, along with Queenstown there is one more option in the heart of Chinchwad - Elpro Estates
' The Metropolitan
.View Lar
Mindspace realty launches Queenstown, luxurious residential township of 3 and 31/2 bhk flats, near Chinchwad railway station 2008-02-20 23:14:00 Location...Location....heart of Pimpri Chinchwad Pimpri Chinchwad is taking on the role of being a whole new Pune, website of "Queenstown" claims. I find it a little difficult to accept but i can not disagree. A large number of people are shifting to Pimpri Chinchwad to take advantage of the upcoming lifestyle. This is not true. And not wrong too. We Punekars are smart. Aundh annex - Pimple Saudagar, Pimple Nilakh, Wakad and Rahatani is all "Pimpri Chinchwad." But we try our best to claim it as a part of Pune. So how can i say people are preferring Pimpri Chinchwad over Pune!Of course, i have to accept that "Pimpri – Chinchwad present numerous lifestyle and business opportunities to the residents. Upcoming malls, multiplexes, improved road-way connectivity, industrial setups, Aditya Birl Read more:residential
, railway
Spring Meadows, Kenjale Builders' upcoming project, next to Amit's Bloomfield on the new Mumbai Bangalore bypass at Ambegaon 2008-02-15 05:05:00 Spring Meadows
' Booking Open!:There is one service road which connects Amit's Bloomfield to the new MumbaiBangalore
bypass. On the same connecting road, as you cross the small bridge over the canal, on the left, what you see is one normal hoarding and the site development work in full swing. You may feel this is the site of Amit's Bloomfield. But no, this is Kenjale Promoters and Builders
' upcoming project 'Spring Meadows', which will be launched soon. Thanks to 'Amit Enterprises, Pune' booking of the Spring Meadows has already started.Kenjale Builders' Guaranty and Warranty!Of course, Amit Bloomfield and Spring Meadows share the same connecting road and even the compound wall but they are not each other's competitors. Amit's Bloomfield is all glamor and some sophistication. Spring Meadow Read more:Spring
Congrats Pune real estate investors, for thinking irrationally and paying illogically high price for the newly launched property 2008-02-07 06:38:00 In any given situation Pune real estate developer is always positive. Builder will never talk negative or complain. For example, lot of retail and commercial real estate - shops, showrooms and office space - on Nagar Road, Yerwada, Kalyani Nagar, Kharadi is laying vacant because of the high rent. Is it a big problem? No! Pune real estate developers say 'rent stabilization and correction is a healthy sign for the market!'Suppose, on Singapore (SIN) to Poona, India (PNQ) flight you happen to sit next to Aniruddha Deshpande, Managing Director of City Group, promoters of Amanora Park Town. You know all about 'India's first 400 acre integrated and digital "real" township, located between Mundhwa and Hadapsar on Hadapsar Kharadi bypass. Only what you do not know is the current real estate rate. Read more:price
, property
, thinking
Is real estate market slowing down? 2008-02-04 22:54:00 I can see the smile on your face! It means you have not booked your flat yet. Because those who have already booked the flat and do not wish to invest in the Pune real estate market always talk about 'Pune real estate boom', 'appreciation in the Pune real estate' and the 'price rise in the Pune realty'. They enjoy boasting about overpriced real estate projects launched in undeveloped, fringe locations of Pune, like Ambegaon and Wagholi. They never wish but you wish and pray for the property prices to comedown. Right? Come on read this debate, you will enjoy it: "A slowdown will help long-term growth", says Sanjay Verma, Executive MD, South Asia, Cushman & Wakefield: The momentary uncertain economic scenario, slowdown in export-driven industries, high interest rates and lackluster credit g
Flying visit to Amit's Bloomfield on Mumbai-Bangalore New Bypass, Ambegaon, Pune, India 2008-02-04 09:40:00 Kajol was not the only one to give a 'flying visit
' to Amit's Bloomfield. There were quite a few. Of course, they did not come in black BMW. Most of them were not wearing a black and white striped kameez. Or nobody cut the ribbon before entering the sample flat. But they booked the flat at Amit's Bloomfield. Around 155 of them in the last 3 days.Kajol left for the airport. I do not know where the others went. But booking rate of the flat at Amit's Bloomfield went up and high. From Rs.3,400 and 3,600 per sq.ft. on Saturday (Jan 2, 2007) it went up to Rs.3,600 and 3,800 per sq.ft. on Monday evening.My heartiest congratulations to everybody who booked the flat at Amit's Bloomfield. Sir, I appreciate your car driving skills. I admire your love for Singapore. Long live Ayurveda!Tags: real estat Read more:Mumbai
, Bangalore
, Flying
, Bypass
, India
Amit Enterprises launches 'Bloomfield', real estate project of apartments, twin bungalows and villas at Ambegaon in Pune 2008-02-01 23:03:00 Singapore is now here: on Mumbai- Bangalore New bypass, Ambegaon, Pune..(!)Please, do not ask 'why Singapore?'. After the grand success of Paranjape Schemes' Blue Ridge township at Hinjewadi, every upcoming real estate project in Pune is going to promise you "International Living Right Here in Pune". 'Amit's Bloomfield' says 'why fly...Discover Singapore at home now!' According to Amit's Bloomfield website: "Bloomfield represents Singapore at its exotic best, right at the very heart of Ambegaon (on new Katraj Bypass with tunnel) in Pune. Bloomfield’s luxurious 46 Bungalows, Villas & 300 Apartments draw inspiration from Singapore’s ethnic, yet cosmopolitan lifestyle & bring to you an experience of a lifetime, for a lifetime." Budget of 2bhk flat: 47 to 54 lakhs and 3 bhk flat: 58 to 69 Read more:Enterprises
Wagholi... troubled area...?! 2008-01-30 05:55:00 When a Businessman talks like a Politician:Industry body Chamber of commerce Assocham has suggested that central government and state governments should develop SEZs in trouble-torn and Naxal-hit areas of the country where problems like insurgency and youth unrest exists.Assocham President Venugopal Dhoot, in a letter addressed to the central and state governments said: "SEZs could be used as a tool to address issues like insurgency."It suggested that Special Economic Zones should be set up in areas like Assam, Chambal valley and Naxal-hit Telangana, Jharkhand and West Bengal. - The Economic TimesWhen a Businessman becomes a Politician:In the wake of stiff opposition from farmers, the Maharashtra government may be forced to cancel the proposed 4,500 acres special economic zone (SEZ) propo Read more:troubled
Indian real estate developers are tying up with top domestic and international construction companies to ensure timely delivery of the projects 2008-01-22 10:33:00 Project execution is now emerging as the key differentiator between the topnotch developers and the so-called ‘flyby-night operators’DLF, has formed a joint venture with Laing O’RourkeAnsals have tied up with Malaysia-based UEM Builders Indiabulls Real Estate is working with Europe-based Strabag SE. In fact, the real estate boom has translated into bulging order book for established construction majors like L&T , Shapoorji Pallonji, B L Kashyap, Ahluwalia Construction, Patel Engineering and others.ET INTELLIGENCE GROUP, thanks for the info! Could you, please, tell me who is tied up with "Flagship Infrastructure Pvt. Ltd." to construct Paranjape Schemes' Blue Ridge township at Hinjewadi?-The Economic TimesTags: real estate, Indian real estate, Pune real estate, Pune real estate news Read more:ensure
Kolte-Patil Developers launches Green Olive, a four star serviced apartments project, at Rajiv Gandhi IT park, Hinjewadi, Pune 2008-01-19 05:05:00 Green Olive
service apartments will have capacity of 100 studios and one bedroom apartments with facilities like pantry, dinning space, 24 hrs multi-cuisine restaurant, gym, swimming pool, shopping center, Wifi connectivity, conference & meeting halls etc. The company plans to complete this project in 15 months and get the serviced apartments operational by 1st May 2009. The serviced apartments will be managed by Kolte-Patil
through a company namely Lilac Hospitality floated in collaboration with a UK based hotel chain. With an average room tariff of Rs.7000 per night and projected occupancy of 70%initially, increased to 90% in subsequent years, the company expects to break even in 3-4 years, with an expected revenue of Rs.18 cr. p.a.While Speaking about the launch of Green Olive Mr. Giris Read more:Developers
, Green
, Gandhi
Booming Growth of Malls in India: New Report 2008-01-18 18:10:00 Research and Markets () has announced the addition of Analyzing the Booming Growth
of Malls in India
2008 to their offering.The highlight of the report is a special mall profiles section from each region of the country, namely North, West & Central, East, and South India. These profiles contain valuable information such as location details of the mall, the status of the mall, operational dates, land area, mall space, number of floors, gross leasable area, leased/sold space ratio, leasing agents/companies, rental models in use, food court area (wherever applicable), services area, number of escalators and lifts in the mall, catchment area, other shopping centers/malls within 6 km radius, tenant mix, anchor brands, and much more in-depth data is provided for each mall discussed in the profil
Housing Development and Infrastructure Limited plans 70 acres HDIL CYBERCITY at Kalamassery, Kochi 2008-01-18 00:08:00 HDIL CYBERCITY will be Kerala's FIRST INTEGRATED IT Township, having, besides IT/ITES, Residential apartments, Villas, Schools, Shopping Malls, Multiplex, club house, service apartments and a Star Hotel.The Foundation Stone laying ceremony will be performed by Mr. V. S. Achutanandan, the Hon'ble Chief Minister of Kerala on 19th January, 2008. HDIL has planned to invest Rs.4000 Crores in this project over a period of 48 months (4 years)."By constructing HDIL CYBERCITY at Kalamassery in Kochi
, we propose, not only to create a world class IT Hub in Kerala, but also to provide 60,000 direct and 1,50,000 indirect jobs at Kochi. This is our small and humble gift to the people and the State of Kerala" said Mr. Rakesh Kumar Wadhawan, Chairman, HousingDevelopment
and Infrastructure
Ltd.HDIL CYBERC Read more:plans
Thanks Robin Good! Now i can reach thousands of Pune real estate investors who prefer RSS newsreaders and aggregators to keep themselves informed 2008-01-16 06:01:00 rssHugger brings blogger and readers closer!I myself prefer to subscribe and read RSS but i never paid much attention to RSS feeds of my blogs. My focus was always search engines. Yes, you all know, i am mostly on the first or second page of all three major search engines, Google, Yahoo and MSN-Live search. Because i am on the top pages, it becomes easy for you to find my blog, read and subscribe to RSS of my blogs.Yes! Now you can find my blog on rssHugger!Day by day, according to Robin
Good, more people are preferring RSS newsreaders and aggregators to read the blogs of their choice. And rssHugger is the best place to find the blogs on the topic of your choice - internet marketing, making money online, charity, sports and of course, real estate! Because rssHuger makes it very easy to fi Read more:Thanks
, themselves
Property for Sale Kolhapur - Google Search 2008-01-15 19:46:00 What people are searching on Google
?I am sharing this search "Property for Sale Kolhapur" with you because, i am sure, this will give you some idea about what people are interested in real estate. Here you may find a tip about something you were not aware about. This tip might help you to take some profitable decision, who knows!Suraj Estate Developers The M/s.Suraj Estate Developers has established a distinct presence in the Construction Industry in Kolhapur over a span of 15 years. It has to its credit construction of both residential and commerical premises and these have been acknowledged as value products in terms of quality, aesthetics, over all planning, finishing and timely possession.Presently, the M/s.Suraj Estate Developers has 3 ongoing projects in different parts of Kolhapur Read more:Search
, Google Search
Google Search: Alibaug Properties 2008-01-14 22:47:00 What people are searching on Google
? I am sharing these search terms with you because, i am sure, this will give you some idea about what people are interested in Pune and Indian real estate market. Here you may find a tip about something you were not aware about. This tip might help you to take some profitable decision, who knows!Those who are interested in buying real estate at Alibag and neighborhood...onesmartclick.comMumbai hotshots surf Alibaug’s property wave:Corporate India is descending on Alibaug for a different reason. The holiday spot, famous for its pristine beaches and a half-hour ferryride from Mumbai is witnessing brisk land deals by the city’s affluent names.propertybytes.comVrindavan residency: is about 1.5 kms. from Alibaug S. T. Stand, although the location is close Read more:Search
, Google Search
, Properties
Where is Wagholi?: Number 1 question on my "List of Questions to Ask before Booking a 2 bhk flat in Pune real estate" 2008-01-13 21:38:00 I believe in the list. Particularly, in the list of questions to ask. Why? Because I am suffering for not asking questions. I did not know about "100+ Questions to Ask a Prospective Spouse". I never prepared my list of "Interview Questions and Answers" and asked questions i was not supposed to ask my employer. Result is, i have started keeping a list of most essential questions to ask before booking a 2 bhk (even 2 and half bhk flat! 'what is half?') And i am learning how to ask questions the smart way.But, when i visited the property exhibition of Promoters and Builders Associations of Pune (PBAP) at SSPMS ground, i realized, i have to learn a lot about asking questions about Pune real estate. At PBAP exhibition, i found myself asking "Where is Wagholi?" again and again, which was not at Read more:Number
, Booking
Supreme Court uphelds the decision of the Pimpri Chinchwad Municipal Corporation to charge property tax on vacant plots 2008-01-11 06:44:00 The SupremeCourt
(SC) has directed the Pudumjee Paper Mills to pay Rs 15 lakh property
tax for its vacant plot as demanded by the Pimpri Chinchwad MunicipalCorporation
's (PCMC's) property tax department. Earlier, the PCMC had also asked Tata Motors to pay property tax on their vacant plot. Tata Motors had challenged the decision
in the supreme court but lost the case and had to pay Rs 3 crore as property tax. -The Times of Indiareal estate Indian real estate Pune real estate Pune real estate news Supreme Court
(SC) Pudumjee Paper Mills property tax vacant plot Pimpri Chinchwad Municipal Corporation (PCMC) Tata Motors
Read more:charge
Because grandparents also want independence...freedom...to travel...to pursue hobbies 2008-03-10 09:19:00 Shashank Paranjape, the real-estate developer generally credited with introducing retirement homes to India, opened his first project, Athashri, in 2003 in Pune as a complex explicitly modeled on Western retirement homes. With roughly 1,000 residents in four branches, Athashri is a thriving community that looks as though it were plucked straight from Florida, right down to the early-bird specials — spicy lentils and rice.Paranjape plans retirement homes in five more Indian cities, but he and other developers face major hurdles. To read more, please,visit:The Associated Press: In Booming India Retirement Homes SpreadTags: real estate, Indian real estate, Pune real estate, retirement homes, Golden Nest, Vascon Engineers,
Read more:grandparents
Great news for those who earn around 1 lakh p.m. & wish to book a 2/3bhk flat at Park Royale at Rahatani or anywhere in Pune real estate market 2008-03-20 10:39:00 20th March!I have to check my birth date. I must have born between February 19-March 20! Because i have got to step in when a friend or coworker (or you - a property buyer!) needs help -- i can't help myself! Mostly, i must have born on March 20. No wonder such an important thing happened today. No, i am not talking about "invasion of Iraq" which happened in 2003 or Libby Riddles wining the Iditarod Trail Sled Dog Race® in 1985. But today, March 20, 2008!March Madness:Today, on the first day of Spring, while i was eating my pure veg rice plate, you in U.S. were busy in 'The Great
American Meatout' and the entire globe in celebrating World Water Day, i received a SMS. Thanks to eZeeSMS, a leading National Bulk SMS service provider! This SMS, i felt, has the power to end your March Madness Read more:Royale
Property prices at Hingewadi, Wakad and Chakan in Pune are still seeing appreciation - observes Sanjay Dutt, Joint MD of Cushman & Wakefield 2008-03-26 11:06:00 Excerpts from CNBC-TV18's exclusive interview:Q: We have been getting all sorts of reports, ICICI Bank saying unit sales have come down, couple of developers said that prices are relatively holding at this point in time - what is your assessment of value in this industry as a whole right now and how has it changed over the last three months?Dutt: It is a given that the prices have actually slowed down, the markets are stagnating. But if we were to elaborate on the buyer segment, if we were to distinguish between end users and investors, I may agree with Rajiv that the overall slowdown is 20-25%. But when it comes to investors which are a speculative component of the markets, the fall has been significant. We assume it must be over 40-50% and that is where the impact is being felt by the de Read more:appreciation
, Sanjay
, Joint
Pune real estate slowdown: school exams may be the reason says Sachin Bora, director of Samrat Constructions 2008-03-30 08:14:00 Optimistic Pune Real Estate Developers:The builders, however, still hope that the IT sector will see boom times once again and the present slowdown turns out to be a temporary phenomenon. Says Sachin
Bora, director of Samrat Constructions
, “All opinions are based on past records and here we cannot deny that the kind of growth the real estate market has seen is unprecedented. It is the hype and not market that has slowed down,” he says, adding that school exams
may be the reason for the present slowdown.Frustrated Pune Property Buyers:With rising home loan rates leading to the EMIs sometimes even exceeding their salaries, the IT sector in the city has gone a wait-and-watch mode. “I think the price hike was not just fueled by the IT industry, but also by the NRIs. But today those inves
Pune real estate slowdown - ‘‘There May Be Short-term Slowdown In Real Estate,’’ Shamsu and Hussain Lalani, Directors, Lalani Group 2008-04-02 06:09:00 Having carved a niche in Mumbai’s high-end and middle-income residential segment with over 20 projects since 1985, the Lalani Group
of Developers and Builders has now set its sights on the fast developing Thane and Pune markets. Projects on the anvil here include a premium residential project at Thane’s Ghodbunder road and a state-of-the-art IT Park at Bavdhan, close to Pune’s IT hub of Hinjewadi. In an exclusive interview, the company’s young directors, Shamsu and Hussain
Lalani, sons of founder Shaukat Lalani, shed light on their future plans and their views on the current turbulent real estate market scenario. Excerpt:Q. RK: On the downside, real estate growth is said to have slowed down considerably due to negative factors like increasing home loan rates, overheated market scen Read more:Estate
, Slowdown
, Short
, Directors
, Real Estate
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