Developers Tall Towers of Pune a new face in Real Estate

Towers of Pune a new face  in  Real Estate 

   Once a time a pensioner’s investment  destination Pune,  with bungalows, later Row houses , then few floors are now touching closer to  30 Story. Housing , slowly  and steadily rising higher and higher heights in Pune, same as the Indian other cities.

Castle Royale Grande

    The few  who  experienced the height  the Breath and view on the higher floors,  fallen in love it some where some time   are the  buyers to move in   and the others  purely  investors.

 

    Thanks to the world  wide Technology transfer, and  the demand  by the people who traveled and stayed in different major  cities of the world. Not to Surpass     the fact of Pune’s growth and development have coincided with the boom of the   IT industry, resulting in the city’s transition to a vibrant metropolitan city.

Watch out the change has been witnessed over the last 8-10 years. The skyline of the city is now defined by apartment development  which are about 7 to 11 storeys high. Most of the projects developed at prominent locations in the city in the last three to four years are apartment projects equipped with  quiet good necessary amenities for comfortable living.

    The latest development is vertical growth, and the change in the skyline has already become visible in Pune’s suburban locations.

         Look  for the changes In the last two years, several residential projects in Pune have  the permission granted for the development of high-rise towers. Few front runners  are , City Group is about to complete the final two of ten high-rise towers at their Amanora Township. These towers are 20-21 storeys high, and the second phase will introduce ten more towers. Another experienced  player in high rise, who introduced first tallest in  City  was  The Avinash Bhosale Group ABIL, who  has come up now with  29-storeyed Castle Royale Grande at University Circle and the 25-storeyed God’s Blessings at high-profiled Koregaon Park are absolutely outstanding.  Many others   who  follow  the race are  Kolte Patil and Clover are also under  planning  execution of such high-rise residential towers at Viman Nagar and around Pune.

     Though there is  an additional floor rise cost of Rs. 100/sq.ft. involved in many projects, these projects fall in the premium housing category, and buyers ready to shell out a 20% premium surcharge for this  properties over and above the prevailing market rates.

          Top Project Developers of PUNE,  are now planning landmark high-rises within their credit  to stay away from the cluster of  new mid size project developers mushroomed in the market.  All such schemes  under construction  skyscraper format requires  best of  construction technology with large access  to funding. Thanks to FDI  flow  in Infra  Development ,  fast track sanctions  opened  by the  new government policies a year ago, giving a substantial boost  for funds to  flow  towards right projects for quick execution.

        However, the more important advantage is that such towers free up more of the available ground space, allowing more green areas to be developed. If infrastructure is planned adequately and efficiently, such projects could help provide better living standards for the residents.

         Apart from the benefit of increased ground space, such projects help in making better air, light and overall environment available to the residents. Other factors are improved safety and security, which – along with services, common facilities and amenities – have always been a major concern for bungalow developments.  By sharing the cost of common services, security and amenities cost, thereby reducing the overall cost burden and increasing saving & efficiency for the end users.

       Definitely, there are considerable  value attached to living in a high-rise Housing – especially in a city that has not  experienced  much  with such projects till now.

My Property Deal in Mumbai

Mumbai Property my Investment Dream

   Over the last decade, the price increase of property is astonishing and the halting line is nowhere around.   Prices have gone up so much so, that now the price per square foot of property in Mumbai has surpassed the price per square foot in both New York and London. Despite problems in the markets recently, property prices in Mumbai remain at extremely high levels. 

   So just how unaffordable is property? The per capita annual income in Mumbai is approximately Rs. 6,00,000. While property prices anywhere ranges in value significantly, an average property can cost around Rs 10,000 per square foot and often much more higher than this. Now imagine a person of average income wishes to buy a 1,000 square foot property? How many years of income he need to accumulate, will he get an extension to life span? 

  It would take 20 years of one's total income to afford such a property. In actual fact, it is impossible to devote one entire income to purchase a property, so let's assume an individual can devote one-third of their economy towards purchasing a property. In that case, it would take 60 years to afford a property.

       Properties in Mumbai are highly overpriced that is the fact every admit. Laws of economics is not applied for shorter period, it work on cycles of decades depends on demography. I  look in term of self  economy  than waiting for   Mumbai  Black money to turn white and find a reasonable stability  of  valuation in property market OR natures  migration  theory  will be the best .  As many  already  experienced  Only Riches and Rags can stay in prime Mumbai, why unhappily  cling to the forbidden fruit ?, chatting and  applying   Oxford  financial  theories  doesn’t work here, the reason  they are the torch bearers of the investment house. 

Step in  to Mumbai Suburbs   make life   going  and  easier

        I don’t understand  why  few youngsters View like this, “ Though I am decently paid individual my dream house will remain in dreams, the common man is not even able to buy a small shed to protect his family”. They  agree that Mumbai is costly, but then the income here is also higher  but balancing becoming difficult especially on Residence.

    Get on to Mumbai Suburbs      Navi Mumbai,  Panvel,  Karjat, Nalasopara,  Virar,  Vasai 
  are  finest  investment options for
  the beginners  and First time Shelter   buyers.

     Wait, there will be an abundance of  supply  when all these speculators burn their  hands  and get bed-ridden. When is that day?  Are you  there at the time?

Indian Silicon valley - Invest at all time low

Inexpensive Indian Silicon valley - at a favorite Infra Value 

An expensive US Valley  to  Cheap Silicon Valley,  India having  it all  at a distance of one click, what makes it different ? Is  that the dozens of language or the sprouted  leaders, want  to  still hold on  to the  language throne around in  India by the Olden Rulers. Less reason to dig  deep  on all  such  reasons,  But  there is more! More room! Plenty  space to develop in all direction, whether in IT or any other.

One Of the fastest Developing Country  with  Real Demand , Inflation ,  Income Growth, India is one of the fastest growing country in world currently,  which makes it more attractive as when country is developing, it will never get fall in longer run as everything will be required  human resource,  infrastructure, industries, residences, education etc.

Pune hardly a distance from Mumbai commercial hub of India, also known as the Oxford of east has shown impressive economic growth in the past few decades and IT has been the Key driving force for last  so many years. A city supported with all finest infrastructural Supports, other than a Sea port away at 150 Km away.

Pune is among the one  major cities that account for about nearly 90% of the sector's exports , considered to be the  one city of  - Silicon Valley of India.

This sector has also led to massive employment generation. The industry continues to be a net employment generator - expected to add more y-o-y, thus providing direct employment to about 2.8 million, and indirectly employing 8.9 million people. IT  being  dominant player in the global outsourcing sector Indian support will remain truly exceptional.

This high end export  potential has allowed the industry to secure the support and resources of the Indian state ahead of other industry sectors of the national economy, where the developmental returns would be greater.

Along with excellent IT employment and educational opportunities, climate conditions  and cosmopolitan population are some of the factors that have cause this phenomenal growth even  in the real estate sector  in Pune.Tax Benefit Pocket for IT Industry  areas called  Special Economy Zone- SEZ  have become a attractive location for the foreign companies to operated from this cities directly or with domestic partners.

Recent slow down in Realty creating a wonderful space for the large Infrastructural leasing, at a very good bargain  long term leasing rates.

Bangalore Godrej E-City

Well Placed  - full of  fresh air – connectivity  - lush green

Height doesn't  matter in all the property cases, this  is low rise developments with 840 apartments extend over approximately 15 acres, one more chance for those who love staying in limited height apartments. 

  
 The project is situated in Electronic City Phase-1, with close proximity to NICE road and prominent expressway on Hosur Road.

Connecting  major junctions like Sarjapur / ORR and Silk board can be without difficulty accessed through the well-developed road network. 

Furthermore, all the major IT/ITES/Industrial work places like Infosys, Wipro, TCS, HCL, Strong industrial belt  Bomassandra  and Sipcot Industrial area, are situated in the vicinity in that way making Godrej  position  a vibrant economic hub for Bangalore.

They say, the grass is always greener on the other side. Godrej E-City is the other side where life is evergreen. 

A life bestowed with better things - be it greener design, smarter landscaping, better connectivity or a brighter lifestyle. It is a life many long for but only a privileged few actually crave for it.

The greener side of luxury living- uncontrollable

 All Godrej E-City homes are created to indulge you in the luxury of

 space as their untold  practise.  The well-designed layout, efficient 

spaces, attached terraces and balconies ensure that there's plenty

 of fresh air and natural light to brighten your life under the sky. 

With the strong national presence, Godrej has 

been a trustworthy brand for customers since

 1987 to bring innovation and brilliance in a broad

 variety of fields. GPL brings the group values to

 the real estate industry by repeatedly raising its

 performance and thereby outstanding the most

 professional, reliable and accomplished property

 developer in the country.  GPL every time delivers everything it promises- good value, prime locations,

 exceptional construction and efficient support.

Property Gold Rush on Pune Surrounding Areas

N A  Plots  on Satara Road - BHOR - Hot land Investment location

anandsmint

Pune City witnessed Property Exhibitions  raised  by Times property  and  India property  on the same day same time at One KM distance on Sunday. Good Crowd  flow  to view present Real Estate progress , Offers under one roof.

Even though it was a Shy-Off platform for  many Large players few newComers  tried to fill the gap with their latest upcoming projects and ready possession flats. But NO Excitement for buyers in pricing areas. No Doubt Farm House enquiries flooded, may be  trouble free smooth way  to reach  there could be one of the reason !, Your New compact SUV or even Maruti can take you there for the reason the roads are good to most of the farmhouse locations.

No Doubt Farm House enquiries flooded, may be  trouble free smooth way  to reach  there could be one of the reason !, Your New compact  SUV or even Maruti can take you there for the reason the roads are good to most of the farmhouse locations.

Second Investment dream of most  youth of  this days  where well catered  by the exhibition participants , Surprised to see  that 80% Stalls  where of  Farm House and Agri land  providers  and the rest with struggling apartment project.

N/A land and Agricultural land   in BHOR took the lime light of the show, which is around 50 KM form City.  Second Investment is always the land, that is the message of the crowd visited. No doubt PUNE property investors are getting smart  and they know to  Chase the Changing   treasure areas focusing 10 years  period.

I Asked One,  why not an Apartment  from a well known  Builder?  He moved to the side, his “BiBi”  stepped forward  with many Good reasons to throw at  me, I had no argument rather  than admit  all  of them, starting  with the whole  Registration process coming to 10 percentage plus,  Very high maintenance one time, premium demand by even new and low quality construction, bank interest rates and so on ....., Why all this?  Surprising even an young Lady  knows all about happening in Real Estate and she said  Land is Gold for

me,  I heard from  my father from childhood and I blindly believe it. . .. let it be there for my future,  I don’t have to pay Annual Taxes,  Ele-Bill  and on top may be an agricultural income in my Annual Balance Sheet preparation for my own satisfaction. 

So every one is aware of the real estate market inside-outside watching from all the angles . Now  who to wash away this extras paid in advance will takes at least  5 years time to get on actual value.

There is less thrill in investing on Flat and Apartment at this pricing and built up allowances, Let us try it out on land. Recent years Panshet, Khadakwasla, Hadapsar, Kharadi area’s buyers are the path maker for the new generation’s investment route map makers.

I’m certain about the word history repeats, the land I suggested for many friends  few years back at 2 Rupee 50 paisa is  now Rs.1000 plus at  the cost of no pain, only a matter of time.

Great Surprise not !, Accessibility to land buying at a distance have improved, State Government Documentations are of Fool proof than early days and hope it will move to better clarity in the coming days. It’s better if one believe that the past land records   and documentations are intact,   the  physical  presence are very much in place,  if the land is purchased through a right source of developers or promoter. Well plotted, Outer boundary - demarcation done, invite no chances of intruders, that its self is “ Sound Sleep”  Investment lesson in land  holdings.

Miss guiding news  every where even in  well known news paper editions printing             “Investors should act before  its too late” Who is late here? are the investors  confused or the young Financial PG author confused, trying  to guide a group of  innocent youth who have earned  some buck, burning best of  their life in IT or in other Industrial Sectors.

Practice what the forefathers taught, that is the best and  long lasting valuable,  forget the  young financial guru want to practice on someone’s blood, adding high fever to the crowd especially the young and unseasoned want to park their little money, it take decades for few to season and for few many more incidences.