Arun Developers, Pune

Arun Park, Opp. Aditya Birla Hospital,
Chinchwad, Pune - 411033

By accepting you will be accessing a service provided by a third-party external to

3-5% price gap between ready and under-construction homes: Report

TNN / May 8, 2021, 23:58 ISTPune: A report on real estate prices for ready-to-move (RTM) and under-construction (UC) homes by consultancy firm Anarock has revealed that the gap between the prices for both has shrunk to around 3-5% in 2021 against up to 12% in some markets in 2017.UC homes generally attract lower rates than RTM homes across major real estate markets — the four metros, plus Pune, Bengaluru, and Hyderabad, the report said.In some markets, such as Pune and the Mumbai metropolitan region, RTM homes used to cost around 12% more per square feet than UC homes in 2017. By the first quarter of 2021, that gap has shrunk to 3% for the Mumbai metropolitan region and the National Capital Region, while the gap in Pune is slightly higher at 5%.“People are shifting more towards RTM homes these days as new homebuyers and investors are concerned about uncertainties in construction of new projects as well as projects stalling during construction,” said the head of a real estate major based in Pune.“The fact that RTM homes does not attract GST has been an added attraction, even the price gap between RTM and UC homes has eroded substantially - from 9-12% in 2017 to just 3-5% by Q1 2021. The shrunk price gap works well for end-users as well as investors. End-users can see what they buy and save rent by moving in immediately, while investors focused on steady rentals can start earning right away,” said Anuj Puri, chairman, Anarock.
  327 Hits

‘Big brands are cornering housing mkt’

Pune: A report by real estate consultancy Anarock has found that branded real estate projects, of major listed and unlisted players, are taking up a significant share in the housing market. The report said customer preferences shifting, and RERA seeking more compliances, played a major role in the shift awat from local, standalone players. The report said the share of listed and unlisted players in the real estate market across the top cities in India went from 17% in 2017 to to 40% in the first three quarters of the 2020-21 fiscal. Anarock added the shift started with notification of RERA. “After the roll-out of structural policies including RERA and GST, organized and branded players’ dominance has risen exponentially,” said Anuj Puri, chairman of Anarock. “While buying a home, customers expect and demand trust, transparency, as well as on-time delivery of their homes. RERA helped raise awareness for customers,” said Rohit Gera, MD of Gera Developers.
  304 Hits

13 House Projects Enhanced by Landscape Design

13 House Projects Enhanced by Landscape Design© Derek SwalwellWritten by Paula Pintosabout 17 hours agoA healthy environment that is also visually appealing in our homes has become increasingly sought when it comes to designing houses and residential spaces, especially during the world’s current context. One of the most successful ways of achieving this is through a thoughtful design of the landscape that complements the built project. The art of landscaping is the arrangement of nature’s raw material elements, like vegetation and planting, combined with nonliving elements, such as exterior structures, paving, and decking, in order to create site-specific solutions that enhance the exterior spaces of a project. © Frans Parthesius© Jeremias Thomas© Derek Swalwell© Peter Eckert+ 34The discipline requires knowledge and very specific techniques that many times go beyond the architectural fields per se, and it is why landscape architecture and design has appeared as an expertise branch of design. This has made it very common for architects to resort to collaborative work with landscape offices when working on residential projects.Save this picture!Mr. Barrett's Garden by Daniel Zamarbide. Image © Dylan PerrenoudMr. Barrett's Garden by Daniel Zamarbide. Image © Dylan PerrenoudParticularly in residential landscape architecture, we have found two main ways of resolving gardens, depending on the setting and context on which the project sits. In houses that are already set in natural and green environments, the main objective of landscaping is to tame this exterior greenery as it approaches the house. On the other hand, when the project is located in more dense residential areas, the challenge is to integrate greenery into the house as much as possible through terraces, exterior flooring, and interior courtyards.Related ArticlePamela Conrad on Climate Positive Design, Landscape Architecture, and Carbon Sequestration
  347 Hits

Kharadi soc residents keep nearby road’s trees drip-irrigated through the lockdown

Kharadi soc residents keep nearby road’s trees drip-irrigated through the lockdownVijay ChavanSimple use of overhead tank, pipe laid till stretch of greenery planted by the PMC ensures that it flourishes despite lack of official maintenanceThe state government had launched its Green Maharashtra drive with an aim to plant 50 crore trees. Pune Municipal Corporation (PMC) had also set its own target to plant around three lakh trees — and accordingly, had also executed the plan by planting more trees than this target. Several open spaces and pavements were converted into green patches. However, amid the unexpected outbreak of COVID-19 and the subsequent lockdown since last year, maintenance of these plants has been majorly affected. Several saplings have died due to dehydration, as there was no financial arrangement made to water and tend to them during these months. However, over at the Tuscan Estate Housing Society in Kharadi, where around 400 flat owners reside, things have gone a bit differently. Over the last whole year, they have not allowed a single tree to languish and die on the 150-metre public road next to their society, beside the Radisson Blu Hotel. In fact, to save the PMC trees, these residents have laid a drip irrigation pipeline from their society’s building terrace right up to the pavements. They also ensure a supply of water twice a day to the flora without fail. And, the result is visible. The mortality of the trees is zero and all of them have grown to more than 10 feet in height, making the stretch look verdant, lush and beautiful. Surprisingly, the effort they took is extremely simple and replicable. The residents merely used their common sense and connected an additional supply pipe to their recycled water tank located on the 22-storeyed building’s terrace, which was regularly being used to flush their toilets. This huge gravity force not only saves on electricity charges, but the recycled water also saves precious sources of water. Moreover, intact elements of recycled water also work as natural fertilisers. The residents spent only Rs 20,000 on this one-time infrastructure, making small contributions from their monthly maintenance and some individual donations. Tuscan Estate Housing Society residents (above) funded this initiative themselves; the pipeline (top, L) from their tank to the trees (top, R) uses recycled water in steady supply; PIC: RAHUL DESHMUKHTuscan Estate Housing Society residents (above) funded this initiative themselves; the pipeline (top, L) from their tank to the trees (top, R) uses recycled water in steady supply; PIC: RAHUL DESHMUKHThe idea was the brainchild of 65-year-old resident Dr Umesh Bakane, who retired from an MNC as a fertiliser expert and now works in precasting constructions. He said, “We had noticed that the saplings are being planted every year in the same pit or pavement and dying in a few months due to neglect. We also noticed that the saplings next to the road connected to Magarpatta also faced a similar fate. Many of us suggested taking the responsibility to manually water the plants on a rotational basis. But this was not a sustainable idea. We then decided to expand the network of drip irrigation being used within the society premises. Many like-minded residents supported the idea and executed it without much effort.” Another resident, techie Vivek Gupta, said, “The maintenance staff of the society operate the drip facility, so we are not spending additionally on hiring. Software engineer Vivek Agrawal said, “Even if there is water scarcity across the city, plants on this road never starve. Hardly a few hundred litres of water are used to keep the entire stretch green.” Retired banker Ashok Agrawal added, “Pune city was once known as a Pensioner’s Paradise and hill station. It is now the responsibility of each Punekar to maintain greenery for bringing down temperatures and regaining the lost status of the city.” Similarly, retired HR professional Guruprasad Mahatme said, “There are newly built pavements across this road. We also want to reach those stretches so that more trees can be saved from dying.” Said another techie resident, George Mundackel, “This model could be replicated by other housing societies, too. It will also save our tax money being spent by PMC on re-plantation of trees at the same spots, and further save on precious natural resources like tanker water.” On part of the authorities, PMC chief garden superintendent and Tree Authority member-secretary Ashok Ghorpade said, “This is a unique and innovative idea developed by citizens. We appreciate such efforts from PMC. Such citizen participation is only going to make the city greener and more environment-friendly.” He added that PMC is also taking all possible efforts to save such trees by making arrangements for water tankers to tend to them, with the help of NGOs and civic funds.
  287 Hits

Xanadu forays into Pune, eyes ₹1,000 crore sales

Lalatendu MishraWith more real estate developers outsourcing their sales and marketing functions to experts, Xanadu Realty, a sales and marketing solution provider for real estate companies, has announced its foray into the Pune market after expanding its operations to Bengaluru last year.“Having secured four projects from three clients in Bengaluru last year, we are expanding the team there to 125 professionals this year. Besides, we are entering into the Pune market which offers vast potential for growth,” said Vikas Chaturvedi, CEO, Xanadu Realty.The firm has on boarded Kumar Properties and House of Abhinandan Lodha as its clients in the Pune market.The Mumbai-based firm said last year it generated sales of more than ₹2,200 crore for its business partners the Mumbai Metropolitan Region (MMR) market and would more than double the sales volume this year through geographical expansion.In Pune, the company plans to have 100 people with a sales target of ₹1,000 crore. Already 37 people have come on board.“Overall, we are on an expansion mode. We are increasing the team in MMR from 500 to 750 people with a sales target of ₹4,400 crore, if the COVID situation improves from August. We are expecting ₹750 crore sales from Bengaluru this year and we are hopeful about the rebound of the real estate business due to end-user demand,” Mr. Chaturvedi said.From working with four partners previously, the company last year saw more than 12 clients across 25 projects in MMR including clients like Hiranandani Group, Runwal, Raunak Group and the House of Abhinandan Lodha.He said stable real estate prices, low interest rates, and government sops would continue to spur demand from the end-user segment.
  264 Hits

the residential real estate market in India has seen a steady rise in both sales & launches from January-March 2021

By Farshid CooperWith the Covid-19 second wave raging across the country, we are once again faced with partial lockdowns and a slew of restrictions. This is having an apparent effect on the real estate market and delaying key property deals. While there were signs of a significant revival in the property market in the first quarter of 2021, we are seeing a momentary halt in an upward trajectory. We are likely to witness more truncated housing sales and scrapped/delayed property development projects in the months to come.However, not all has been lost and there has to be a forward-looking sentiment because according to Knight Frank India, the residential real estate market in India has seen a steady rise in both sales and launches from January-March 2021. This is 44% more than the same quarter last year the report said. Also, launches were recorded at 76,006 units. Furthermore, the report said that Mumbai and Pune led the table in both launches as well as sales due to discounts in stamp duty charges.Following are a few of the trends that will dominate the real estate market for the rest of this year.Remote Working: The work from home trend is here to stay and people will continue to want more spacious homes in order to have comfortable home offices. Demand in tier 2 and tier 3 cities are expected to be slightly higher as remote working will continue to encourage people to buy houses in their hometowns. Low interest rates may also push people to buy homes in low-density, plotted developments that are located in gated communities and have well-managed infrastructure. However, credit stress among developers is expected to continue and distressed real estate may emerge as a separate category.Low Home Loan Rates: Over the past 12 months, the RBI has cut interest rates and they now stand at historic lows. This has brought home loan rates down to as low as 6-7% in some banks. Both these trends have pushed previously unsure buyers to go ahead and settle on a home purchase. Home loan interest rates are currently at a record 15-year low. Coupled with the bottomed-out property prices and additional discounts and offers by developers, there are some very real savings to be achieved on what is usually the most cost-intensive investment in one’s lifetime. This trend is likely to continue throughout 2021.REITs: Since 80% of the underlying assets in Real Estate Investment Trusts (REITs) are required to be operational as well as income-generating, these have emerged as one of the most viable investment options as compared to conventional property purchase. It has proven to be a workable way of diversifying an investment portfolio in a low-risk manner. Even though the pandemic has put them under the pressure of rental cash flows, a positive long-term scenario remains intact.Availability of close-to-ready inventory: There are various options today in terms of close-to-complete buildings or ready-to-move-in apartments. These eliminate all forms of market risk, therefore proving to be a secure choice. Further on, the pricing of such properties is marginally different from those under construction.Hence, while the second wave may signal another impending slump in the real estate market, there will be a recovery that is aided by digitization. All through last year, scores of property buyers and dealers adapted to online modes of communication and research. The digitization of the property searches/inquiries and negotiation processes continue to help in keeping the real estate market afloat until lockdown restrictions are eased.(The author is MD, Spenta Corporation)
  326 Hits

Shopping mall owners' revenue fell nearly 50% in FY21 estate sector expects IT recovery to revive office space segmentWith nearly 90 million square feet of office space coming up for renewal this year, real estate sector is pinning its hope on recovery of big IT companiesReal estate sector expects IT recovery to revive office space segmentWith nearly 7,400 leases of approximately 90 million square feet coming up for renewals in 2021 across the six major commercial real estate hubs -- Bengaluru, Mumbai, Pune, Chennai, Gurugram and Noida -- real estate firms are now hoping for renewals to pick up on the back of hiring spree in big companies.According to ANANROCK's research and industry data, 2021 has the highest lease expiry pipeline compared to the next two years - 2022 and 2023. An estimated 2022 is likely to see nearly 7,000 leases for approximately 78 million square feet come up for renewal, while an approximate 4,200 leases for over 55 million square feet in 2023."The office market has been under strain since the pandemic came in. However, the IT, ITeS sectors have been on a hiring spree in 2020 and 2021 due to massive business accruals. To accommodate these employees in a future, when we see a gradual return of employees and adoption of hybrid workplace practices by infotech giants, office space demand will grow" said Prashant Thakur, Director & Head - Research, ANAROCK Property Consultants.ALSO READ: SEBI extends timeline for REITs, InvITs regulatory compliancesOut of the 90 million square feet coming up for renewals in 2021, Bengaluru has the highest share of about 37 per cent, while Mumbai is a distant second at 19 per cent. Pune is third with 17 per cent, while Gurugram has a 15 per cent share. Noida has the least number of leases due for renewal, comprising a mere 3 per cent share of both total lease numbers and the overall area, said an ANAROCK report.While the robust hiring by big companies is expected to help the sector with lease renewals, smaller companies might look to give up space."The leases coming up for renewal in 2021 were entered into at much lower rentals - at rates that prevailed 3 to 5 years ago - since office leases are usually signed for the long-term. There is some room for rental escalation in many of these leases," said Thakur.The average vacancy levels in Grade A office space across the top 7 cities is up again, breaching the 15 per cent mark. Rising COVID-19 cases in cities like Mumbai Metropolitan Region (MMR) and Bengaluru, the markets with highest commercial demand, and stringent curfew restrictions are cause for concern, said the report.ALSO READ: Reviving stressed housing projects to improve economic sentiment: SitharamanEmbassy Office Parks REIT, the country's largest player in the office space, in its latest quarterly results said that in FY22 around 9 million square feet of space would be coming up for expiry, comprising only 6 per cent of the revenues and in-place rents, 47 per cent lower versus market rents per CBRE, and 1.4 million square feet likely exits, comprising 4 per cent of revenue, which it says is a 'business as usual' churn and also because of COVID induced exits and portfolio housekeeping. However it said it was on track for additional 14 per cent rent escalations due on 7.7 million square feet across 89 leases in FY2022.Similarly, Mindspace Office parks REIT expects tenant uncertainty over future lease commitments for the next few quarters. It is looking at a total of 2.3 million square feet space lease expiry coming up with 0.5 million square feet in early expiry and the rest 1.8 million square feet in other renewals.However, with most IT firms not cutting back on hiring, industry experts expect a gradual return to normalcy in the overall office space demand during 2022 and 2023, with IT/ITeS sectors among the prime drivers of overall leasing activity in the top cities.ALSO READ: COVID-19 impact: Shopping mall owners' revenue fell nearly 50% in FY21
  284 Hits

pune-says-ajit-pawar division bench of Justices KK Tated and NR Borkar on May 6 heard an application filed by Karnataka’s Biovet Private Limited, seeking direction to the Maharashtra government to hand over possession of the manufacturing unit at Manjari Khurd village in Pune. (Shankar Narayan/HT PHOTO)PUNE NEWSMaharashtra govt should get 50% of Covaxin produced in Pune, says Ajit PawarFollowing Bombay HC ruling, state has handed over a manufacturing unit located in Pune to an associate of Bharat Biotech for vaccine productionBy Manasi DeshpandePUBLISHED ON MAY 15, 2021 04:31 PM ISTMaharashtra deputy chief minister and Pune district guardian minister Ajit Pawar has emphasised that given the dire situation the state government should get 50 per cent of Covaxin produced at the Pune plant in Manjari Khurd.
  332 Hits

Pune beats the real estate blues, clocks highest sale in the country

Pending demand and lowering of stamp duties by the state government is said to be the main reasons for the bullish sales in the city. the pandemic and the Indian economy being officially in recession, Pune's real estate industry has seen he...
Continue reading
  714 Hits

MCCIA : 68% workforce back in industry, real estate reports return of 60% migrant labour in Pune

MCCIA : 68% workforce back in industry, real estate reports return of 60% migrant labour in Pune
MCCIA survey: 68% workforce back in industry, real estate reports return of 60% migrant labour in Pune Survey covered the economic activity of 150 small, medium and large industries from Pune district during September.PUNE: In its recent survey conducted by Mahratta Chamber of Commerce Industries and Agriculture (MCCIA), the industry body has found...
Continue reading
  577 Hits
© 2022 Arun Developers. All Rights Reserved.