December 13, 2016
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5:27Now PlayingExpert: Amit Goenka, MD & CEO, Nisus Finance.
Question: I am planning to buy a new 2 BHK flat in NIBM Kondwa Pune in Bramha exuberance elite project. Builder is quoting around Rs 6200 per sq. ft. 1335 sq. ft. is the total carpet area. Kindly suggest suitable rate at which I can buy. I am thinking to ask at Rs 4700 per sq. ft. Also suggest whether the rates will go down after demonetisation in NIBM area?
Answer: NIBM is the good market. Average rate in this market is Rs 6252 per sq. ft. Price cut of 5% to 10% is expected for Pune real-estate market. Projects in Pune NIBM like Raheja Vista offers 2BHK flats sized 1300 sq. ft. Average price here is Rs 80 lakh. Average price in Purva Rivireavis is Rs 90 lakhs. 2 BHK flats sized 1100 sq. ft. in Kumar Palm Grove are available. Average price in this project is Rs 80 lakh.
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