After visiting Aloma County, I re-visited Pride Platinum (http://www.pridegroup.net/pride-platinum) which is another offering from the Pride Group in Baner near Pancard Clubs. The Pride Group (one of the partners in the Pride-Purple Group of Park Street, Park Royale etc.) has been in this business for over 15 years and have several completed projects to their credit.
The Location
The Common Wealth Youth Games hosted in Pune last year had brought about a slew of infrastructure development projects. Even though they may not have all completed in time for the purpose it was to serve, it at least gave things a much needed head start. One of the areas that developed around this is Baner. Though the development is still seen around the main Baner Road, with large pockets of areas still looking untouched, I think the place has huge potential mainly because of its connectivity to both the city and the Mumbai highway. With land available on the sides of the Baner Road, there is potential for commercial development and we have seen a fair amount of this activity in the near past. It may not be far when Baner may dislodge Aundh from the position it is holding today.
Pride Platinum is located in a stretch near Pancard Clubs next to the hill that separates Baner and Pashan. It is about a kilometer from Baner Road, through a narrow road which ends up into a kuccha road. This road is supposed to meet the Mumbai Bangalore highway as per the development plan, but like most D P Roads, it is certainly a question mark! Right now, there seems to be almost nothing around, with just a few developments, most of them in pretty early stages. I understand that the surrounding places have been taken up by prominent builders like Amit Enterprises, Aditya Builders, Kalpataru Constructions and also Avinash Bhosale. I believe that this is a good recipe for the good development of a place. There are also some other projects closing completion and even completed in the near vicinity like Supreme Palacio, Paranjape Saptagiri, Venkateshwara Mirabel, Gera’s Regent Park, Beverly Hills etc.
An area of concern is the water shortage issue that is prevalent in Baner. I don’t have the complete picture of this and hope people who stay there and know more can contribute on this to this thread. There is a water tank being built on the top of the hill next to Pride Platinum. I’m not sure if this would solve the problems, but at least should improve the situation.
Click here to see the loaction on Wikimapia
The Project
The project is built over a 10 acre area with 4 towers of 12 floors having 4 flats in each of the 2 wings. Construction has begun in 2 of the towers with work commencing on the 10th slab and 6th slab of the 2 towers. The stated possession for both towers is June 2011. Work on the next building is expected to begin within in the next couple of months. Having visited the site after some time I was pretty impressed by the pace and quality of construction.
The project offers the standard amenities like the club house, swimming pool, garden etc. Apart from these, it also offers some other amenities like a basketball court, a tennis court and skating rink which is normally seen only in big or premium projects.
The buildings are placed to form an inverted L with the garden on the inside. The view from the site may look barren right now in the summer, but once it rains, with the green hills surrounding it, the view is nothing short of magnificent. Since there is no development on either side, and not knowing what project is coming up, one cannot be sure if the view would still remain from their homes!
The Flats
The project offers spacious 2 and 3 BHK flats. The area of the 2 BHK is 1220 sq. ft., 3 BHK Optima is 1350 sq. ft. and the 3BHK Ultima is 1620 sq. ft. (all selling area, with carpet 25-30% lesser which is standard I guess). The flats are spacious and airy with large windows. The sample flat at the site office available is only for the 3BHK Ultima. However, the other flats can be seen in the building under construction. The layout of the 2 BHK and the 3 BHK Optima are quiet standard with L shaped living rooms. The rooms are spacious and there is no sense of cramping up except in the one room in the 3BHK Optima which is actually more of a 2.5 BHK flat. The best part of the project is the 3BHK. Its layout is among the best layouts that I have seen with no wastage of space that gives you a feeling of grandeur. This is matched by the specifications that look good and lean towards the premium offerings.
The Cost
The quoted rate as of today is Rs. 3650 psf with a premium of Rs. 200 for the garden facing flats which takes the cost to start from about Rs. 50 lacs for the 2BHK and 70 lacs for the 3BHK Ultima including stamp duty, registration, parking and other charges. The project is approved by all major financial institutions. The question is: are the flats are worth this price? With completed and near completion projects in the near vicinity available at Rs. 3200 psf to Rs. 3300 psf, they are certainly charging a premium. They are also offering better specifications and amenities, but I still feel that all these combined the price should be around Rs. 3500 psf.
My Take
If you are looking for a 3BHK, I’m sure the layout will bowl you over. If you go in the rains, the location and view does so. But, what is the project without these? You look like you are in the middle of nowhere. But, if I were to take a little long term view, I see potential in 3 to 5 years time frame. I feel the place will develop into a good residential hub. Who knows, this place may be called Baner Hills! Now that is a tony address line to have! It’s not too far from ‘civilization’ to be a deterrent and except for the slightly higher cost and the pain in the first few years; I think this is a place which makes good sense for living as well as long term investment.
The Location
The Common Wealth Youth Games hosted in Pune last year had brought about a slew of infrastructure development projects. Even though they may not have all completed in time for the purpose it was to serve, it at least gave things a much needed head start. One of the areas that developed around this is Baner. Though the development is still seen around the main Baner Road, with large pockets of areas still looking untouched, I think the place has huge potential mainly because of its connectivity to both the city and the Mumbai highway. With land available on the sides of the Baner Road, there is potential for commercial development and we have seen a fair amount of this activity in the near past. It may not be far when Baner may dislodge Aundh from the position it is holding today.
Pride Platinum is located in a stretch near Pancard Clubs next to the hill that separates Baner and Pashan. It is about a kilometer from Baner Road, through a narrow road which ends up into a kuccha road. This road is supposed to meet the Mumbai Bangalore highway as per the development plan, but like most D P Roads, it is certainly a question mark! Right now, there seems to be almost nothing around, with just a few developments, most of them in pretty early stages. I understand that the surrounding places have been taken up by prominent builders like Amit Enterprises, Aditya Builders, Kalpataru Constructions and also Avinash Bhosale. I believe that this is a good recipe for the good development of a place. There are also some other projects closing completion and even completed in the near vicinity like Supreme Palacio, Paranjape Saptagiri, Venkateshwara Mirabel, Gera’s Regent Park, Beverly Hills etc.An area of concern is the water shortage issue that is prevalent in Baner. I don’t have the complete picture of this and hope people who stay there and know more can contribute on this to this thread. There is a water tank being built on the top of the hill next to Pride Platinum. I’m not sure if this would solve the problems, but at least should improve the situation.
Click here to see the loaction on Wikimapia
The Project
The project offers the standard amenities like the club house, swimming pool, garden etc. Apart from these, it also offers some other amenities like a basketball court, a tennis court and skating rink which is normally seen only in big or premium projects.
The buildings are placed to form an inverted L with the garden on the inside. The view from the site may look barren right now in the summer, but once it rains, with the green hills surrounding it, the view is nothing short of magnificent. Since there is no development on either side, and not knowing what project is coming up, one cannot be sure if the view would still remain from their homes!
The Flats
The project offers spacious 2 and 3 BHK flats. The area of the 2 BHK is 1220 sq. ft., 3 BHK Optima is 1350 sq. ft. and the 3BHK Ultima is 1620 sq. ft. (all selling area, with carpet 25-30% lesser which is standard I guess). The flats are spacious and airy with large windows. The sample flat at the site office available is only for the 3BHK Ultima. However, the other flats can be seen in the building under construction. The layout of the 2 BHK and the 3 BHK Optima are quiet standard with L shaped living rooms. The rooms are spacious and there is no sense of cramping up except in the one room in the 3BHK Optima which is actually more of a 2.5 BHK flat. The best part of the project is the 3BHK. Its layout is among the best layouts that I have seen with no wastage of space that gives you a feeling of grandeur. This is matched by the specifications that look good and lean towards the premium offerings.The Cost
The quoted rate as of today is Rs. 3650 psf with a premium of Rs. 200 for the garden facing flats which takes the cost to start from about Rs. 50 lacs for the 2BHK and 70 lacs for the 3BHK Ultima including stamp duty, registration, parking and other charges. The project is approved by all major financial institutions. The question is: are the flats are worth this price? With completed and near completion projects in the near vicinity available at Rs. 3200 psf to Rs. 3300 psf, they are certainly charging a premium. They are also offering better specifications and amenities, but I still feel that all these combined the price should be around Rs. 3500 psf.My Take
If you are looking for a 3BHK, I’m sure the layout will bowl you over. If you go in the rains, the location and view does so. But, what is the project without these? You look like you are in the middle of nowhere. But, if I were to take a little long term view, I see potential in 3 to 5 years time frame. I feel the place will develop into a good residential hub. Who knows, this place may be called Baner Hills! Now that is a tony address line to have! It’s not too far from ‘civilization’ to be a deterrent and except for the slightly higher cost and the pain in the first few years; I think this is a place which makes good sense for living as well as long term investment.
The factor used for converting from Carpet to Sellable is higher. I have booked 2.5 flat in Pride Park Royale (which has exactly same layout, very slight variation in room size) however sellable area is 1274 Sq ft.
ReplyDeleteThe same case with other flat configuration, You can check with builder, it looks like he has increased the sellable area by 50-75 Sq ft
Don't rent a place in Pride Platinum. Renters are treated as second grade residents and asked to pay extra money for reasons that are not justified. They have an ad hoc committee which takes rights in its hands and lays all these rules. Find a better place it you can.
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