For all those dreaming of a cheap home in the city, we have some bad news: that budget flat just moved about 30 kilometres out of the city. If your budget is around Rs 3.5 lakh, you might be lucky to find a flat outside Pune’s 30-km radius, somewhere near Uruli Kanchan. What’s worse is that the good old 1 bedroom-hall-kitchen (BHK) flats have become extinct in the core part of the city.
The housing trends
This trend was evident at a property exhibition organised by CREDAI-Pune. PROFEST 2011 was held from January 28 to 30, 2011, at SSPMS ground. Over 100 developers showcased 1,200 projects with 10,000 flats for sale. The core area of the city did not have 1BHK flats and flats costing less than Rs 25 lakh.
The going rate for 1BHK flats in the newer parts of the city ranged from Rs 15 lakh to Rs 20 lakh. Areas outside PMC limits had lower rates ranging from Rs 10 Lakh to 15 lakh. Chakan, Moshi, Talegaon had on offer flats with rates between Rs 11 Lakh and Rs 14 Lakh. If your budget is much lower, Yawat and Ambethan Road, Chakan, had flats of Rs 4.5 lakh and Rs 11.50 lakh respectively.
Akhil Aggarwal, co-ordinator and member, CREDAI-Pune, said, “The exhibition has 1RK (one room kitchen) flat in Uruli Kanchan at Rs 3.25 lakh and the most expensive flat in Hadapsar has a price tag of Rs 6.50 crore. The flats in the range of Rs 30 lakh to Rs 50 lakh is something that the middle class can afford.”
No DP is a problem: builders
Aggarwal said, “At least 5,000 acres of land in 23 fringe villages and 2,000 acres more in Mundhwa are locked because the Development Plan (DP) has not been sanctioned.
|The exhibition booths showing properties on offer
Had the state government sanctioned the DP, this land could have been released and the price of land and ultimately that of the flats would have been lower.
If a builder buys land at Rs 1,000 per sq ft, how can he give you a flat at a cheaper rate? If the PMC and the state government give 2.5 Floor Space Index (FSI), then builders can make budget flats.”
Nilesh Nikam, leader of the ruling party in PMC, said, “We have pushed a proposal for 2.5 FSI, but the PMC administration is not doing anything on it. If the PMC gives 2.5 FSI, then plumbers, carpenters and clerks can live in 450 to 500 sq ft flats and ultimately the rates of the flats will go down.”
The slum situation
Pratima Joshi, of city-based NGO Shelter, said, “The city needs houses costing up to Rs 10 lakh. At least 70 per cent people of the city do not have affordable housing and hence the slums are increasing.”
Also, it has been found that one Janata Vasahat or 40,000 people are added to the cityscape as Pune does not have enough flats for the poorer section of the society.
Janata Vasahat is a famous slum in the city which houses about 47,000-50,000 people.