My thoughts on Icon Westwood Estates Phase II for early investors in Pune
Hey fellow investors, wanted to share some thoughts on Icon Westwood Estates Phase II in Pune. As an upcoming project, it's hitting the market at a sweet spot for early birds. The average price of ₹12320 per sqft seems like a strong entry point for Wakad, especially considering the Icon Group's long track record since 1983 and 30 completed projects. The real draw here for investors is the pre-launch advantage. Getting in early often means access to the best unit selections and, critically, a lower initial price point compared to later stages. This directly impacts your potential capital appreciation as the project progresses and demand builds. Payment plan flexibility is another key aspect to probe. Look for construction-linked plans or attractive subvention schemes that ease the financial burden and align with project milestones. With a project area of 1.04 acres and RERA P52100019780, it has the necessary groundwork. Wakad's connectivity also supports future value. For those looking to maximize ROI through capital appreciation, getting in during this pre-launch phase, negotiating favorable payment terms, and securing a prime unit could be a smart booking strategy. Evaluate the payment schedule carefully to align with your financial goals.
Comments
I'm also looking at Ambegaon Budruk side, prices are a little lower there. This Icon Westwood deal sounds good on paper with the pre-launch idea, but the facts about the builder and possession date are really confusing. I'm worried about my investment getting stuck. What kind of payment plans should we even ask for if the project status is so ambiguous?
You're right. If it's an upcoming project, how can it have a past possession date? This is very strange. Maybe it's a typo, or maybe it means something else. We need to ask the builder directly about this discrepancy. I wouldn't commit to anything without a clear answer on that.
Payment plans aside, if the possession date is already in the past, shouldn't they be offering a ready-to-move-in unit? Or is this a re-launch of a stalled project? This needs to be clarified before even thinking about payment terms. Subvention schemes can be risky if the project is not solid.
The RERA number P52100019780 is there, which is good. But RERA registration doesn't guarantee delivery, only some level of transparency. The 'Total projects: 0' and 'Possession date: 2022-12-01' are major concerns. Is anyone else feeling this is too risky for a first home?
Wakad is definitely a good location, connectivity-wise. But that price point of 1.1 Cr to 1.4 Cr for a 1.04 acre project with only 54 units, that's steep if the builder background is unclear. My friend bought in Akurdi last year for much less, though it's a bit further.
True. And the 'pre-launch advantage' is only an advantage if the project actually takes off and delivers on time. With the possession date already passed and zero completed projects, this 'advantage' feels like a trap. I'd rather pay a bit more for a ready-to-move in property in a place like Amanora Park Town.
I agree with your point about the builder background. For first-time buyers like us, trust is everything. If there's a discrepancy in their project history or possession dates, it's a huge risk. What if the project gets delayed indefinitely?
Bhai, thanks for sharing this! I'm a first-time buyer looking in Wakad too. The ₹12320 per sqft sounds decent for the area, but Icon Group ka '30 completed projects' wala claim, is that true? I checked RERA, and it shows 0 completed projects for them. This is making me very nervous.
Exactly! And the possession date mentioned is 2022-12-01. If it's an 'upcoming' project, how can the possession date be in the past? Something is not adding up here. Is this even a new launch or a stalled project being re-marketed?
Haan yaar, same doubt. I saw that too on RERA. It's a bit unsettling, especially for an 'upcoming' project. Total projects listed as 0 for Icon Group is a red flag for me. How can they have such a long track record if RERA shows nothing completed?
Hey fellow investors, wanted to share some thoughts on Icon Westwood Estates Phase II in Pune. As an upcoming project, it's hitting the market at a sweet spot for early birds. The average price of ₹12320 per sqft seems like a strong entry point for Wakad, especially considering the Icon Group's long track record since 1983 and 30 completed projects. The real draw here for investors is the pre-launch advantage. Getting in early often means access to the best unit selections and, critically, a lower initial price point compared to later stages. This directly impacts your potential capital appreciation as the project progresses and demand builds. Payment plan flexibility is another key aspect to probe. Look for construction-linked plans or attractive subvention schemes that ease the financial burden and align with project milestones. With a project area of 1.04 acres and RERA P52100019780, it has the necessary groundwork. Wakad's connectivity also supports future value. For those looking to maximize ROI through capital appreciation, getting in during this pre-launch phase, negotiating favorable payment terms, and securing a prime unit could be a smart booking strategy. Evaluate the payment schedule carefully to align with your financial goals.