Tuesday, April 7, 2009

Most popular posts in the week, March 30 - April 6, 2009 on Ravi Karandeekar's Pune Real Estate Market News Blog

According to Google Analytics:

1) Insignia - housing group formed by IT professionals working in Hinjewadi, Pune, finalizes their first scheme of 2 and 3 bhk flats and Town Houses

2) Anand Jog, Director - Darode Jog Properties, on budget homes and property rates of Greenland-County at Narhe Ambegaon, off Sinhagad road, Pune

3) Ashish Yadav invites you to join his group to book a flat at Rs. 2,525 per sq.ft. in Baner Balewadi!

4) An exclusive offer from Belvalkar Housing for flats, row houses, twin bungalows and independent bungalows in Belvalkar's Solacia at Wagholi

5) Darode Jog opens bookings of Greenland County at Narhe Ambegaon, off Sinhagad Road at Rs.3,000 per sq.ft. in Pune Property Mahayatra Exhibition

6) Get in touch with Vinay Deshpande if you wish to build your own bungalow in Pune

7) Is it an invitation for a collaboration or a proclamation of war or the last warning to Pune real estate developers?

8) Pune's growth key to cheap housing'

9) How many cancellations happened at Blue Ridge?

Feeling proud for helping "property buyer's initiatives"!

Out of 9 popular posts, 4 are on property buyers initiates! Insignia, Ashish Yadav and Vinay Deshpande's initiatives of forming a property buyers group to own a home at a reasonable rates.

If "launching of Paranjape Schemes' Blue Ridge" was the highest point of real estate boom in Pune, we can say that the "launching of Nanded City Pune" was "the end."

Then, can we say that launching of Darode Jog's Greenland-County, a beginning of a new era?

Completely different from what Dileep Athavale, business editor of Times of India, Pune and my old friend, had predicted. A new trend of quality affordable housing with amenities, for non IT property buyers who have a small budget?

I am worried about those young, first time, IT property buyers, who happened to enter in Pune real estate market at a point when their colleagues had contributed a lot in inflating property prices.

Feeling angry against the builders in Pune, these property buyers were anxiously waiting for the property prices to come down and they can afford to buy a home in their budget at their preferred location.

What will happen to them?

Because of the holding capacity of their colleagues, senior IT professionals turned real estate investors, rates of resale flats are not coming down. At the same time, all most all builders are going to launch "affordable housing" to avoid reducing property rates of the ongoing projects.

Are they going to miss an opportunity to own a home?

Or will they come to terms? Will they accept that real estate is a local business? Pune real estate market may take a different turn than Delhi - NCR or Bangalore real estate!

"Supply and demand" not only influences the property rates, it compels the sellers, for example Darode Jog Properties, to create a "new market" too!

I think, these posts reflects these important trends and turning points in Pune real estate markets. What say you? Please, share your views in the comments. (Comments Policy),

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