Aundh is full - don't know of any new projects that are coming up. Buy old if you want to live in Aundh.
Baner & Balewadi have MANY new projects. Some are extremely pricey in Baner Ex: Nandan Prospera (opp Sadanand Hotel). Some are still "reasonably" priced. Balewadi has some like Rohan Leher, Aldea Espanola (Puranik builders) etc. Aldea Espanola has very miniscule room sizes while Rohan Leher has hiked their prices. Rohan's Construction quality is good while nobody knows about Puraniks.
I think in Balewadi, some projects like Comfort Zone etc. are still selling new units. Pricing is on the higher side (Aditya Shagun Builders).
Balewadi also has Willows from Vascon - outrageously priced, while you don't see a single blade of greenery anywhere near it! Baner also has Manhattan - prices are upwards of a few mindboggling crores I think :)...
answered 13 Dec '09, 06:52
I bought a 3BHK flat at Padmavilas on Baner-Pashan Link Road this month. The location is good as there are no ongoing constructions in immediate vicinity. Since last 2 years I have lived in Balewadi and it is like living on a construction site. If you want to live there after 4 years after all the buildings are built and everybody has finished interior work, then it is a good idea. For immediate occupation...NO.
answered 13 Dec '09, 14:30
I moved into Rachana's Beverly Hills in Baner recently. Nice project but no connecting road yet (my car is already making all sorts of noises). You may negotiate between 3200 - 3400 psft for 2 and 3 BHK.
But, remember, the real estate market is completely rigged against the consumer. The key reason:
The so called "Super built up area" - which you end up paying for. Pay a VERY close attention to that. Else you will not be comparing apples to apples. Different projects end up giving you different carpet areas, so my advice is to 'load' the price on the carpet area to compare the actual costs of the projects.
answered 17 Dec '09, 12:51
Great post here! All these posts reflect ground realities even now - August 2010.
One item I note giving builders great negotiating power is the fact that no significant new projects have been launched in the last 1.5 years giving them pricing power on the ready-built properties. No one wants to wait for the property to get ready anymore - not when there is barely any difference between the ready-built and 1-yr. wait-period properties.
Most builders in the area have 1st floor and top floor flats vacant and are ready to do a deal to get out of the property completely. "Real prices" in Balewadi stand at Rs. 3,400/sft all inclusive (Cost+2 Parking+MSEB+Club+Society+Registration). VAT and Stamp Duty are negotiable as the govt. is yet to make a confirmed decision.
Points to be wary of: 1. Some builders are palming-off terrace areas at full cost instead of 1/2 or 1/3rd valuation (which is the norm!) They do not declare FSI on those spaces and it is literally free-area being sold at outrageous profits! 2. DO NOT accept properties at more than 25% loading to carpet area. Even an extra 5% makes a HUGE difference. 25% is already pretty bad!!!
answered 16 Aug '10, 09:20
You need to take a tour of Baner and Balewadi, physically, if you say 'No new projects have been launched'. The whole area is littered with projects, launching constantly. From my house in Baner, everyday, I can see a few THOUSAND apartments - ALL EMPTY.
The latest real estate scam in Mumbai is proving that builders have been 'hoarding' flats. They take the loans to be able to sustain low sales volume. And that is what is unraveling now.
As the media says now (wonder where they were just a few months back), the prices should see a downward pressure.
answered 30 Nov '10, 05:00
Suvikas, Please give me a list of only 100 flats that are empty, I will convince their owners make some good use for charity living to deserving people on reasonable rent.
When I checked with some other residens, yes, there are empty flats, but not to the scae you have mentioned.
answered 03 Jan '11, 09:10