My Home Sanctuary Phase I: Is This Upcoming Pune Project a Smart Buy?
Hey everyone, I've been looking into My Home Sanctuary Phase I in Pune and wanted to share my thoughts, especially for those considering an upcoming project for investment and end-use. Goyal Properties, with their 39 years of experience and over 32 delivered projects, brings a good track record to this 9.88-acre venture. They've served over 10,000 families and developed 3 million sqft, with 1.2 million sqft currently under development. Currently, prices range from ₹64.91 L to ₹1.03 Cr, with an average price per sqft at ₹10080. As an upcoming project, this pricing offers a potential entry point for capital appreciation. The market timing for such projects can be favorable, allowing buyers to benefit as construction progresses and the area matures. For an end-user, securing a new home at this stage means modern design and amenities, contributing to a good lifestyle. The "Sanctuary" name hints at peaceful living, and 9.88 acres provides ample space for community features. My take is that for buyers focused on capital appreciation in Pune, My Home Sanctuary Phase I presents an interesting opportunity. The builder's experience adds a layer of confidence. Researching the specific location's future development plans and connectivity will be key to maximizing its investment potential.
Comments
I agree with the skepticism here. While the price per sqft at ₹10080 seems decent for Pune currently, the uncertainty around the builder's actual track record and the distant possession date completely overshadows any potential benefits. We are first-time buyers, our risk appetite is very low. It's better to look at ready-to-move options or projects with a much shorter completion timeline, even if it means paying a bit more upfront. The peace of mind is worth it.
The initial post talks about capital appreciation, but with such a long possession timeline and the RERA '0 projects' issue, isn't the risk too high for capital appreciation? I mean, who knows what the market will be like by 2031. It feels like a gamble.
Price range ₹65 L to ₹1.0 Cr sounds okay for Pune, but for an upcoming project with a possession date of 2031-12-01? That's almost 8 years away! Is that normal for new projects these days? My EMIs would start much earlier, right?
You're right about the EMIs, they usually start after the loan disbursement, which happens as construction progresses. So you'd be paying for years without even seeing the finished product. And what if the builder changes plans or delays even further? It's a huge commitment.
2031 is a super long wait, especially for a first home. Most projects I've seen in areas like Ambegaon Budruk or Sinhagad Road have 3-5 year timelines, max. This long possession date increases the risk manifold, especially with market fluctuations and builder delays.
Bhai, I saw this project too, but something felt off. When I checked the RERA site, it says 'Goyal Properties' for this project, PR1261012502725. But the RERA entry for this builder shows 'Total Projects: 0'. How can a builder with 39 years of experience and 32 projects have zero projects listed on RERA?
Haan, I noticed that too. Maybe they operate under different names or partnerships? But still, zero projects listed is a red flag. What if they just started using this name for this one project? My friend lost his booking amount on a similar 'experienced' builder in Akurdi.
Exactly! That's what worried me. Is it a new entity or a different Goyal Properties? This kind of discrepancy makes me super nervous as a first-time buyer. My budget is tight, I can't afford any risks.
Hey everyone, I've been looking into My Home Sanctuary Phase I in Pune and wanted to share my thoughts, especially for those considering an upcoming project for investment and end-use. Goyal Properties, with their 39 years of experience and over 32 delivered projects, brings a good track record to this 9.88-acre venture. They've served over 10,000 families and developed 3 million sqft, with 1.2 million sqft currently under development. Currently, prices range from ₹64.91 L to ₹1.03 Cr, with an average price per sqft at ₹10080. As an upcoming project, this pricing offers a potential entry point for capital appreciation. The market timing for such projects can be favorable, allowing buyers to benefit as construction progresses and the area matures. For an end-user, securing a new home at this stage means modern design and amenities, contributing to a good lifestyle. The "Sanctuary" name hints at peaceful living, and 9.88 acres provides ample space for community features. My take is that for buyers focused on capital appreciation in Pune, My Home Sanctuary Phase I presents an interesting opportunity. The builder's experience adds a layer of confidence. Researching the specific location's future development plans and connectivity will be key to maximizing its investment potential.