Rama Melange Residences, Hinjewadi. Pune Review

Are you looking for 2BHK in 55  Lac. inclusive all ?

4700 Rs. per sq. ft. including car parking and club house charges. Don't you think it makes attractive for any buyer ?

Rama Group a well known name in real estate sector in Pune. Developed many projects like Costa Rica Wakad, Celestial City Ravet, Silver Mist Pimple Saudagar etc

Now at Hinjewadi Rama group brings Rama Melange Project offers 2 & 3 bedroom apartments.

According to me project is suitable for those who are looking for residences near to working place. or wants to avoid Hinjewadi IT park traffic. Project is recently launched. Project offers all the basic amenities at premises.Total 14 floors. Currently project is under construction and possession will be given from 2017.


Price List of Rama Melange Hinjewadi

Price list.          Saleable Area            Rate per sq.ft.             Basic Rate
2BHK                  975  sq.ft.               Rs. 4700                   45.82  Lakhs
2BHK                 1085 sq.ft.               Rs. 4700                   50.99  Lakhs
3BHK                 1225 sq.ft.               Rs. 4700                   57.57  Lakhs
3BHK                 1335 sq.ft.               Rs. 4700                   62.74  Lakhs
3BHK                 1435 sq.ft.               Rs. 4700                   70.26  Lakhs

Apart from this developer will charge 50 Rs. per sq. ft. floor rise from 2nd floor onward.

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Positive Points of Rama Melange Hinjewadi
(1) Suitable for working people at Hinjewadi, Can avoid traffic.
(2) Prices are competitive and affordable.
(3)  Rama group is a well known developer for quality construction.

Negative Points of Rama Melange Hinjewadi
(1) Supply is higher in Hijewadi, Many townships offering flats at Hinjewadi.
(2) One can get a better resale deal in Hinjewadi locality.

Pune, Paradise for weekend home for Mumbaikar.

Are you a Mumbaikar ?

Looking for a weekend home or second home ?

Then right place is Pune, Now you must be having so many questions in your mind. First why Pune  not Lonavala or any other hill station ?
In some last few years Pune has become an attractive location for second home buyers or we can say weekend home buyers. There are many reasons home buyers are preferring Pune. Proximity from Mumbai City and the growth of city, presence of many MNC IT companies in Pune, comparatively  and the most important whether of city attracts Mumbaikar to invest in second home in Pune.

Higher rental incomes and lower prices are also one of the factor makes it attractive. Distance between Panvel and wakad is only 90 minutes travel from Mumbai Pune express way. Wakad, Hinjewadi are attractive location in Pune for Mumbaikars, Infosys, wipro, IBM, TCS, cognizant etc. are few names of IT companies located at Hinjewadi IT park. In western Pune area most of the home buyers are from Mumbai.
They gives the flat on rent or they use it for weekend visit.

There are many townships of reputed developers in Hinjewadi like Blue ridge from Paranjape developer, Life republic from Kolte patil developer and Megapolis from Kumar builders are few names of the township which are developing in more than 100 acres area.

PCMC's biggest property Exhibition On 8th & 9th Nov. 2014

The Times of India presents Times Property Showcase 2014.

PCMC's Property Exhibition 2014

 Presented by Times property.

Timing:
10:30 AM -7:30 PM


Venue Adress:
Near Empire Estate,
Chinchwad,
Entry next to Demart

Hinjewadi or Wakad, Where to Invest ?

 Why should I invest at Hinjewadi?
 How much return will I get over a period of time?
 How much is the rental income I can get from my property investment?
 Confused between Hinjewadi and Wakad?

 If you have these all questions in your mind than this blog can help you out to know in and out of Hinjewadi.

Hinjewadi a well known location for property investors in Maharashtra. Hinjewadi is located near to Mumbai Pune express way . Hinjewadi is the biggest information technology hub of Maharashtra . Many reputed IT companies like Infosys, Wipro, TCS, Tech Mahindra,Accenture etc. have their presence there.More than 60000 thousand people are working there. 

 This place is 90 minutes from Panvel Mumbai, travelling distance through highway. Hinjewadi does not come under PMC or PCMC it comes under Gram Panchayat Hinjewadi. 

Because of this development and employment in this vicinity there are  many residential and commercial projects are constructing across the area.

Three big residential townships with more than 100 acres area  are developing by various developers in Hinjewadi.
  Pranjpe’s Blueridge,  Kumar developer’s Megapolis and Kolte Patil’s Life Republic are some of the names of big township which are developing in various areas of Hinjewadi. Hinjewadi is one of the area which is developing very rapidly. 
Most of the area of Hinjewadi IT park comes under MIDC.  

In a survey by a newspaper shows that in next five year Hinjewadi would be in the list of top five property  appreciating area.

Well known  location in Hinjewadi
Phase 1
Phase 2
Phase 3
Hinjewadi Chowk
Blueridge township
Megapolis township
Life Republic township
Marunji road

Wakad is also very close location from Mumbai Pune express way. It is very well connected to Hinjewadi information technology park. Recently PCMC has taken this area under their wings. 
 Well known location in Wakad
Wakad chowk
Bhumkar chowk
Dangi chowk
Kalewadi phata
Kaspate vasti
Datta mandir lane
park street township

Wakad is located very close to Mumbai Pune express highway. 


Earlier Wakad  was known as a village but after taking this area under PCMC it is developing like anything. Wakad is one of the fastest growing area.
 PCMC has developed roads, flyover, water supply, street light. It is a suitable place for working people in Hinjewadi. Dutta Mandir lane,Kaspate vasti,bhumkar chowk, Dangi chowk,kalewadi phata are some of the well known name of location  which are located in Wakad.

Wakad has changed in last five years because of PCMC's fast decision taking ability. PCMC is way ahead from PMC in implementing development projects. 

Wakad is the most preferred area for property buyers who works in Hinjewadi IT park. I met to many property buyers who were searching their dream home in Wakad. Just two days back i met to Mr. Vishwas who works with Wipro IT company in Hinjewadi.

 I asked him " Why did you choose Wakad location for your home ?"

"Wakad is very close to my office which is in Hinjewadi, I am basically  from Mumbai and on every weekend i have to go to Mumbai. So Wakad would be the best location for my home and also it would be more convenient for me to travel to my office and Mumbai. " Mr. Vishwas property buyer replied. 

"Is location very important factor while deciding to purchase a house ?" I asked.

"I can not  say that location is everything for any property buyer. It depends on many things  because for me i don't know for how long i would stay here. I am working with Wipro an IT company and company can change my work location at  any time. So i am buying a house not for only my residence but it would be a good investment too because if i don't stay here i can rent out my home and even there is a enough demand for rental accommodation." He replied.


Other blogs of Vikram Ranawat:

Why developer do not prefer to construct small homes:


Green Valley Project Wakad Review:

We are bachelors not Criminals...

Yesterday I met to a person he works with a reputed IT company Infosys.He asked me that he need a 1 bhk flat for rent. I asked him that will he stay with his family or with friend. He replied that with his friend. I told him that he would have very less option for flat may be you will not get a flat in society or good apartment you can get a flat either in a building which comes under a builder or society is still not formed. He put some option in front of me.

 He told me that he need flat for rent in the following project(society) Sukasa,madhupuspa,Mountvert Tropez,Windward,Aishwayam Green etc. I told him you need to marry and then you can stay with your wife or you need to ask to your parents to stay with you none of these societies(Project) allow bachelors to stay. He said “We are bachelors not criminals”.I told him that I can understand your pain because I am also an bachelor.

I found that almost 70% to 80%  societies does not allow bachelors in the society in Wakad or nearby area. Because of this it has become difficult to find a flat on rent for bachelors. Even there are many projects which does not form society still they don’t allow bachelors.

Somewhere I feel that bachelors are responsible for the action of society takes against bachelors.

Review of Property Market of Pune in 2012

 Pune real estate market performed exceedingly well in 2012. Property prices appreciated between 10-12%% in most areas, which is more than most other cities displayed this year.

There were some setbacks. One of these was the issue of VAT (Value Added Tax), which the Government made mandatory for all properties bought between June 2006 and March 2010. Over 1.5 lakh flat owners in the city were affected, and there was a visible cooling of relations between them and the builders. Another dampener was the fact that the RBI did not reduce home loan rates - a move which was expected and much required.

On the up side, the Government of Maharashtra removed the NOC system. This system required residential buyers to obtain a no-objection certificate from the project`s developer before registering a sale deed was possible. This was a very unpopular but long-standing system which involved the payment of Rs. 25000 or upward, depending on where the project was located. This cost was usually shared by the buyer and the seller, and the removal of this system has direct cost-saving implications which the market welcomed whole-heartedly.

Another positive factor was the Government`s formal notification to the fact that 28 more villages would be included under the Pune Municipal limits. While such locations are under Gram Panchayat jurisdiction, they tend to be at a disadvantage in terms of reliable water supply, electricity and public transport. The lack of full-fledged support from the Municipal Corporation for these facilities compromised the healthy growth of the real estate market in these areas. The property market in these areas is now going to improve, and there was a definite increase in interest in these areas when this Government notification was issued.

As already mentioned, there were ups and downs in 2012 - but throughout, Pune`s property market proved to be very resilient. Even as sales in neighbouring Mumbai plummeted, those in Pune continued to be healthy. During the festive season, no other city in Maharashtra showed as many new residential sales that Pune did.

The demand from the NRI community was considerable in 2012. This could be gauged by the number of inquiries that came from Indians living abroad which were followed up by local relatives or representatives. During the festive period, many NRIs visited Pune personally to close the deals.

These were all positive factors, but what really pulled Pune`s property sector through was the growing number of investors on the market. In 2012, our analysis of the market showed that only about 40% of all apartments in Pune are currently being bought and used by actual end users - flat owners who are personally using their properties for occupation.

35-40% of the remaining flats are held by investors for renting out to the growing transient working population in and around the city`s IT hubs. The remaining 15-20% of the flats are standing empty. These are either bought by NRIs who intend to move back to Pune in the near future, or are being held by speculators looking for a profitable resale.