Oh! What foresight some property buyers have!!
"Don't pay ADF to the builder."
"If builder gets 100 % down payment at the time of booking, what guarantee do you have that the builder will complete the project in time?"
Most of us, including me, had a some what similar opinion. Obviously, in July and October 2008, when Vilas Javdekar and Associates launched The Green Umbrella Offer for Palash 2.0 and then for Palash 2i, at Wakad, we strongly opposed the "scheme".
However, you know, many property buyers, in fact, too many property buyers, booked the flat under "No EMI till Possession" scheme!
Today, if you visit the website of Palash 2i ( www.palash2i.com ) and have a look at the progress of construction, you may wonder about the foresight these property buyers had!
View "Take a first left turn as you drive down the Hinjewadi flyover!" in a larger map
About Palash 2i, Wakad:Palash 2i, built around the concept of "ego-friendly, eco-friendly", is a 12-storey high residential complex. The tower consists of twenty-four 2-BHK apartments and twenty-four 3-BHK apartments.
12th slab of Palash2i completed:
External Plaster of Palash 2i starts:
Brickwork 8th floor of Palash 2i:
Palash2i from the podium of C building of Palash 2.0
Palash 2i front view:
2 bhk and 3 bhk compact flats in Palash 2i, Wakad:
If you visit my blog "Wakad: Palash 2i news - 45 bookings in just 3 days!" posted on September 15, 2008, you will find Mr. Aditya Javdekar, Managing Director of Vilas Javdekar and Associates, promoters of Palash 2i, humbly announcing, "we have not only sold out all 2 bhk's but now have only a couple of 3 bhk's with us for sale .... taking the tally to 45 bookings in just 3 days."
However, today few 2 bhk and 3 bhk flats are still available for booking in Palash 2i.
How come? Why? Because, after the Global financial crises, cancellations happened not only in Paranjape Schemes' Blue Ridge at Hinjewadi or Magarpatta's Nanded City Pune on Sinhagad road but in all small and big projects in Pune real estate market.
Good news is that Palash 2i has not only managed to construct, till now, as per the promise ( and proved us wrong! ) but they are trying to give the possession before the promised date, March 2010!
Considering the current preference of booking in the project in which 70 % construction is complete and 70 % not bookings but agreements are registered, i thought some of you may reconsider Palash 2i!
For your convenience, personally i find downloading PDFs of floor plans and viewing them in Google Docs very inconvenient and time taking process, i am blogging the floor plans and costing of Palash 2i, Wakad.
Please, click to enlarge:
Total cost= basic cost (saleable area x rate) + MSEB & Open Parking (Rs. 1,50,000) + Development Charges (Rs. 50,000) + Society (Rs. 10,000)
Stamp Duty and Registration charges extra
3 bhk flat in Palash 2i - A1 type:Carpet Area 913 sq.ft. - Rs. 36.54 Lakhs to Rs. 39 Lakhs
3 bhk flat in Palash 2i - A type:Carpet Area 913 sq.ft. - Rs. 36.15 Lakhs to Rs. 38.58 Lakhs
2 bhk flat in Palash 2i - B type:Carpet Area 718 sq.ft. - Rs. 29.46 Lakhs to Rs. 31.41 Lakhs
2 bhk flat in Palash 2i - B1 type:Carpet Area 718 sq.ft. - Rs. 30 Lakhs
Related Story:What's happening at Vilas Javdekar and Associates' Palash 2 and Palash 2i at Wakad near Hinjewadi, Pune?
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