Sites in Wakad

I have visited couple of sites in wakad and pune. I wanted to mention some of them.

To start with i'm giving my experience with mont-vert tropez

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Mont-vert Tropez:

Location: Wakad

Quoted Price: 2666 psf

Total Value of a 2.5BHK (1297 Sqft) @2666 = 34,57,802

Infra Charges = 1,75,000

MSEB + Legal Fees = 85,000

Agreement Value = 37,17,802

Stamp Duty & registration = 1,96,340

Total = 39,14,142

Extras

Maintenance Charges from the date of possession upto March 2011 @ 1.35/Sqft Per month.

Solar Water Heater Charges = 29,000

Grand Total all inclusive = Approx 40L (less than 40L by some amount)

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Had the worst of experience while meeting the mont-vert sales person. The approach road to the mont-vert site is decent when compared to apostrophe and some other sites in wakad. Yet it looked more like a slum area around with lot of construction going on. As i have mentioned in my previous post that i do follow Ravi Karandeekar blog quite often, and he seems to have a really good impression about them. I too went with the similar impression explaining my wife that they are reputed builder and usually have a bit higher rate than the others. But they probably are wort considering their quality. While approaching the site saw some banner by mon-vert saying "Reduced Rate" & "Early possession".

Reached the sales office, salesman started to explain me their layout plan and told me that there are only 3BHK flats available now, 2BHK have all gone in the buildings which are almost ready. There are 2BHK in the new building which are yet to come up. Showed me the plans of 3BHK, but i was more keen on seeing a sample flat. Asked the salesman to show me the sample flat, he instructed me to go to building E where they have their sample flat ready. Saw the sample flat and adjacent flats too. First impression....Flats were of really good size, with good size living room. What I didn't like the kind of fitting used by them in kitchen and toilet (looked very cheap), and the tiles used in kitchen and toilet wall (Seemed to be the cheapest one available). Came back and first thing i asked the salesman was about the fitting, which fittings are they using....reply "Jaquar". When i told him that they doesn't look like Jaquar he said we are using Marc. Tiles he said will be the same as you saw. Then came the question of pricing, he told me the rate as 2666/psf. and gave me all inclusive figure. Now after this when asked for discount sales person came back with a discount of 1.43L and told me an all inclusive figure of Rs 40,38,431. I was surprised to find the figure to higher than the original quotes price and that too after discount.

And as i had already seen some of the other sites i was also shocked to see MSEB charges of 85K, whilst the other had that at around 65K. Sales person answer to this was they have paid money to MSEB to get the electricity to the society and had paid money under the table. And this will be your society you will be charged with that. Yet i fail to understand why the builder even want to make profit in the MSEB charges when they are already doing so in the PSF price and other charges. After reading http://www.rtiindia.org/forum/2982-your-realtor-cheating-you-mseb-s-name.html and finding the truth, it becomes even more bitter pill to swallow when being charged such a exhorbitant amount.

When i told the salesperson my budget which i'm ready to pay, he started saying you can get in such a rate in areas like Pimple Saudagar. This shocked me further as compared to wakad atleast pimple saudagar have got some shops and a mall coming up. Wakad doesn't even have any decent grocery store near these sites. Thats what appalled me, and i asked him if somebody moves in by July 2009 here in your society where is he expected to go to buy veggies and grocery. There are no decent approach road here and no ATM nothing. Why should i pay such an amount.

Reply: 4 Years before pashan didn't had anything and now you see, and you know the rate there.

My Reply: Yes then dont sell the property with the rate of 2013 now.

Please also go through what Mr. Karandeekar has to say about Mont-Vert here

http://ravikarandeekarsblog.blogspot.com/2009/04/mont-vert-reduces-property-rates.html