Now 2 bhk in 43 lakhs and 3 bhk in 60 - 65 lakhs!:
Pethkar Project has opened the bookings of O and P wings. These wings have compact flats. 2 bhk flat is around 970 sq.ft. and 3 bhk flat is around 1,450 sq.ft. As per the information i received on the phone, the specifications are almost same. Amenities are, obviously, the same. Because of the new "reasonable" property rate of Rs. 4,000 per sq.ft. (only!) 2 bhk flat (970 sq.ft.) fits into the budget of 43- 44 lakhs and 3 bhk flat (1450 sq.ft.) fits into 60 - 65 lakhs! Possession is in 2 years.
Pethkar Projects' Samrajya - Balwantpuram - the most popular project on this blog!:On 3/2/08 i blogged the launch of Samrajya Balwantpuram " 40 acre township in the heart of the city", which happens to be my neighborhood. At the time of launch booking rate was Rs.5,600 to 5,800 per sq.ft. Which was a great disappointment for me! 3 bhk flat in Samrajya Balwantpuram was fitting into only 92 lakhs! I wrote:
Because of this, as a real estate marketing professional i was disturbed; somebody may think that Pune real estate market is slowing down, Pune real estate boom is over, Pune real estate bubble is busted!Nobody was in a mood to appreciate my sarcastic way of looking at the things. All were very angry about the rate. People started talking about the quality and service of the builder. www.realestateagentspune.com republished my blog. Residents of Balwantpuram joined the conversation. Even Mr. Jitendra Pethkar took part in the conversation! See, here is his reply:
More than that, as a proud neighbor, people, particularly in Sahakar Nagar of Pune, will think less of me, when they will come to know that 3 bhk costs less than 1 crore on Paud Road in Kothrud, Pune. What a shame!
Why did Pethkar Projects reduced the property rate?When i asked this, sales executive said, " We found out that most of the people who inquired had this much budget. So we launched the new wings with compact flats at an affordable rate which can comfortably fit into their budget." This sounds good. Slashing price is lot better than a desperate offer of a free car with your new home! I congratulate Mr. Jitendra Pethkar for taking a part in the conversation and offering new plans at an affordable rate!
Welcome to ShivtirthNagar on Paud Road, Kothrud:Welcome to my neighborhood! Let me know about your plans in the comments. Pray for real estate prices coming down in other areas of Pune and to update yourself subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog. To know about my other blogs visit my Google group, Ravi Karandeekar's Pune Real Estate Blog Group. Join me on Twitter. Feel free to call me on my mobile 91 98600 44110.
Contact Pethkar Projects:S. No. 117+118, Plot No. 21/B,
Madhav Bag Co.-Op. Hsg. Soc.,
Shivtirthnagar, Paud Rd., Kothrud ,
Pune, Maharashtra (India) - 411038.
Tele : +91-020-25401234
91 97649 95555
91 97649 95599
SMS: PET to 54646
Fax : +91-020-25401240
Email : email@example.com
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