'No EMI till possession if you give Advance Loan disbursement' scheme gets great response!!
Almost all flats are booked in 2 days!
Vilas Javdekar and Associates opens few more flats for booking!"The Green Umbrella Offer" of Vilas Javdekar and Associates scheme was going to close on 22nd of August '08. Under this scheme only 20 apartments were available for booking. These 20 flats were all high budget flats.
2 bhk flats (1293 - 1340 sq.ft. saleable area) including stamp duty and registration, was fitting in the budget of Rs. 45,04,560 to Rs. 48,69,750. Sizes of 3 bhk flats are 1633 - 1768 sq.ft.
On Sunday morning, July 27, '08, i posted the blog on "Green Umbrella Offer" but i did not go to Palash 2's site. I thought, considering the present trend, people will call but very few bookings will happen. So i do not have to visit the site today. And i went to Venezia at Baner. A project launched on that day by Kunal Sancheti Associates.
Today morning, i called my friend Madhav Gole at Palash 2. But he was not there. So i talked to Asmita. And i realized that i was wrong. I should have visited Palash 2 on Sunday itself. Because almost all flats were booked and they had to open few more flats!
Why Palash 2 got such a great response?We all know, Mont Vert launched the compact 2 flats in 29 lakhs ( now Rs. 31 lakhs) on the same road in Seville, Wakad. My dear neighbor, Pethkar Projects launched compact 2 bhk flats of 961 and 974 size in the new wings of Samrajya - Balwantpuram. Mr. Satish Magar is advising all builders in Pune to make a 2 bhk flat of 850 sq.ft. so that at the current property rate and interest rate it will fit into the property buyer's budget.
When every one is saying, "there is no customer for high budget flat in Pune real estate market," how come high budget Palash 2 got so much booking? When i asked Asmita, she said:
1) Flats at Palash 2 are good.
2) Planning and concept of the project is good.
3) Vilas Javdekar and Associates is a good brand.
4) Property buyers thought, paying only rent for the next 14 months is better than paying both , Rent and Pre EMI
5) Disbursing loan in advance against saving Rs. 5,74,000 (Rs. 41,000 EMI x 14 months) was a win win proposition for the property buyer and builder.
6) People are still optimistic. After 15 months, when EMI starts, things would not be that bad.
7) Property buyer who has a 4 year kid will always look for a bigger home to settle down. 8) NRIs who are planning to shift after couple of years appreciate and afford Palash 2.
Is this a paid post?I told Asmita, if i blog this not a single reader is going to believe. Whenever i blog something positive about Pune real estate market, generally comments are - i am blowing the bubble, Ravi, do not try to hype.
But this time, i am sure, not only property buyers but even the builders are going to ask me, "Ravi, is this a paid post?" Considering this i told Asmita that i am going to quote her and i am not going to moderate the comments. "Can i quote you? Can i say "Asmita gave me this information?" i asked her. She said "Yes! you can. I am Asmita Javdekar"
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