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Topic: Lavasa - The Hill City

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anthro
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Joined: 12/Oct/2007
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Posts: 166

Posted: 11/Feb/2011 at 11:48pm

was there not allegations on pawar or family holding stakes in lavasa at some time and about hasty approvals etc ? this shadow ( as evident in the way HCC stock has reacted to Pawar's alleged closeness to the company ) may well ensure that the lavasa ipo will not so easily see light of day ?

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numcru
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Joined: 24/Jan/2011
Location: India
Online Status: Offline
Posts: 267

Posted: 11/Feb/2011 at 7:38am

Originally posted by rapidriser

[QUOTE=Monkey]

Anyone has idea on Lavasa city being developed near Pune? Based on information on their website, project looks very ambitious. How about progress of the project, Management's track record in fulfilling their commitments and whether price is worth paying? Seems quite expensive at Rs. 80.6 lacs for 3-BHK duplex Villa with 2925 sqft of land, 2390 sqft of construction with 1739 sqft carpet area.

May be better to wait for property bubble to burst?

Hope topic is not inapproriate for TED.

It has been said that Mr. Ajit did not think there was a necessity that such a project would need Environmental clearence. He just started work on the project. The Central Government has no clue as to what is happening within the country.

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studentoflife
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Joined: 06/Mar/2009
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Posts: 313

Posted: 11/Feb/2011 at 8:12am

Originally posted by mayekar

LAVASA for investments if for the RICH.

An apartment could cost you per sq ft upwards of 3200+

Bungalows start 80-90lakhs+

they plan 7 hills, they are not though with the 1st.

Imagine spending that money for a weekend home.

You wont be able to get any/much rental from any of your investments.

Most of the commercial places like schools, hospitals, etc coming up in Lavasa should/will have their own accommodation( at least initially).

Going by real estate prices in Mumbai,that is very cheap.. Smile

First step towards learning is the realization that you do not know anything.

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barla
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Joined: 15/Sep/2008
Location: India
Online Status: Offline
Posts: 779

Posted: 12/Feb/2011 at 2:50pm

in mumbai people stay or rent. In lavasa niether is going to happpen.

it is a self contained city. no one knows how much will the maintainance come to. even the roads will have to be paid for by the resdietns.

sharad pawars son in law owned a stake ealriert. they claim to have sold it.

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