38 Park Majestique Review

Q: Hi, which local body and financial institutions have sanctinedthis this project? Any feedback on it is highly appreciated.

Priyadarshini, Pune

9th July 2014

Residential Project Review in 38 Park Majestique, Undri, Pune

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Replies (5)

have booked here in 2014 and papers and loans are cleared. Possesion promised is dec 17 but in agreement developer adds a clause that possesion is 36 months after full payment. My oversight that I saw later, but basically developer gives agreement for 2019 possesion if you calculate 36 months from 2016.

Sumit,

15th June 2015

Comment

Hello Sumit, I can understand your concern. I would like to suggest you to have a thorough discussion with your builder and ask for the forward plan. Also, you can consult a reputed lawyer to know about the legal aspects of your purchase and what is mentioned in your property agreement.

Vinay Sharma, Pune

25th June 2015

Why this project is not lised in your website? Is it a legal issue or property papers are not yet cleared?

Dhavan Rathore, Apartment Resident

17th February 2015

Comment

have booked here in 2014 and papers and loans are cleared. Pissesion promised is dec 17 but in agreement developer adds a clause that possesion is 36 months after full payment. My oversight that I saw later, but basically developer gives agreement for 2019 possesion if you calculate 36 months from 2016.

Sumit,

15th June 2015

I tried to check about this project on the Majestique site but no information is provided about this project.the site addreess is http://www.majestiqueproperties.com/Default.aspx
Hope this is a valid project

a, Pune

4th February 2015

Comment

Hi everybody,
How is the project locality and the connectivity? What is the current residential property trend is going on in the locality?

Priyanka Vats, Pune

9th July 2014

Comment

Hi Priyanka,
Undri has always been a residential property destination in Pune. The revival of demand from the city's manufacturing and IT sectors helped to encourage developers to concentrate more on this area. Undri has the advantage of being well connected to various key localities in Pune via various local and interstate highways and expressways while retaining its serenity. Proximity to Wanowrie and NIBM gives ensures that residents in Undri have access to all necessities of daily living.

The current residential property trend in the locality is between Rs. 2490-11850/sq-ft.

Wasim Mohammad, Pune

9th July 2014

Hi all,
Is it a good project to invest? Which are the sizes available in 1/2/3 BHK and it's price/sq-ft? Is the price negotiable?

Priyadarshini, Pune

9th July 2014

@Priyadarchini,
It is an ideal residential real estate location in Pune. Home buyers and investors are very enthusiastic about this location, which offers cost-effective housing options to employees from the close-by IT/ITeS companies. The area is temptingly close to Pune Camp, is now developing rapidly, and it is becoming a hotspot for residential property investment.
It offers 1BHK in 636 sq-ft, 1.5 in 831 sq-ft, 2BHK in 950-1050 sq-ft and 3BHK in 1150 sq-ft. The current price quoted by the developer is Rs.3695/sq-ft. It is a G+13 storeys apartment consists 167 units.

Yes, the given price is negotiable.

Wasim Mohammad, Pune

9th July 2014

Thanks Washim,
When are they giving possession of this project and what will be the booking amount? Is there any other ongoing projects of this developer in Pune?

Priyadarshini, Pune

9th July 2014

Well Priya,
The date of possession will be near around December'2017 and the booking amount is 3 lacs.
Ongoing proejcts of Majestique Landmarks are Majestique City-Wagholi, Miami-Sinhagad Road, Skypark-market Yard Annexe, Alaska-NIBM Annexe, Legecy-Baner, Vanalika-Pirangut, IRA-Undri, 5th Avenue-Hadapsar, Majestique Imperia-Phursungi, Palm Atlantis-Wagholi ect.

Wasim Mohammad, Pune

9th July 2014

Hi Priyadarshini,
38 Park Majestique is a PMC approved project and almost all the banks and financial institutions are offering home loan for this project.

Wasim Mohammad, Pune

9th July 2014

Comment

you sound like an agent with an interest in said project. i have booked here in 2014 and papers and loans are cleared. Pissesion promised is dec 17 but in agreement developer adds a clause that possesion is 36 months after full payment. My oversight that I saw later, but basically developer gives agreement for 2019 possesion if you calculate 36 months from 2016.

Sumit,

15th June 2015