Thursday, August 30, 2012

PUNE REAL ESTATE PROPERTY GUIDE - BEWARE OF THE WORD “ANNEXE”


PUNE REAL ESTATE PROPERTY GUIDE

BEWARE OF THE WORD “ANNEXE”
Musings of a Clueless Novice Self-Styled Property Guru Part 16
By
VIKRAM KARVE


In the English Language, the word Annexe means Extension.

In Pune Real Estate Parlance the word Annexe may have different connotations.

So, in case you are thinking of buying a house in Pune, beware of the word “ANNEXE” frequently used in housing advertisements.

The word “annexe” is just used to exploit the snob appeal of the so called posh “upmarket” high-falutin localities.

Thus “Aundh Annexe” may be nowhere near Aundh, but in the back-of-beyond across the river, in places like Pimple Saudagar, Pimple Gurav, Pimple Nilakh or Navi Sangvi, which are in Pimpri Chinchwad (PCMC), whereas Aundh is in Pune (PMC) .

Kondhwa Annexe or NIBM Annexe may be somewhere way-off in desolate Undri or Mohammadwadi, far away from civilisation and with dismal social infrastructure.

Koregaon Park Annexe may be way beyond Ghorpuri or Mundhwa, which still have quite poor infrastructure and can hardly be called urban areas.

Wakad Annexe may be many kilometres away from Wakad in some out-of-the-way place.

In fact, I was quite amused to see that many upcoming residential projects in distant Thergaon and beyond are being touted as being in Wakad Annexe. (It seems that even Wakad is now acquiring status value!).

You’ve got the drift haven’t you – they just cash in on the name of the nearest posh locality to hype their project.

So, beware of the word “annexe”.

And remember one more thing – when buying a house:
“One Look Is Worth A Thousand Reports”.

I once heard a piece of wisdom:
Don’t Marry a Girl Without Seeing the Girl and Don’t Buy a House Without Seeing the House.

I think this applies to all types of property and real estate, whether it is land, a bungalow, a row house or an apartment.

You must visit the site and see the property for yourself, walk around and get a ground reality feel of the place you are going to live in.

Also you must ensure that what you see is what you get.

That is why it is always better to buy a home in a project that is completed and ready possession. Otherwise you may be in for a big surprise when you actually move in, especially if the project is located in an “annexe”.

In case you are interested in reading my clueless ramblings on the Real Estate Scene in Pune – the random musings of a novice self-styled Property Guru, here are a few links you can click.

But before you click a link, please do comment on the post you have just read above.

ARE YOU THINKING OF BUYING A HOUSE IN PUNE

Part 1: WHY ARE PROPERTY RATES SO HIGH IN WAKAD PUNE

Part 2: REAL ESTATE PRICES IN PUNE – HYPE AND REALITY

Part 3: HOUSE HUNTING IN PUNE - 5 TIPS FOR PROPERTY BUYING

Part 4: TRY BEFORE YOU BUY

Part 5: The Real Estate Triad – Quality, Appreciation and Rental Value

Part 6: WHO IS BUYING PROPERTY IN PUNE - End Users, Investors or Speculators

Part 7: Living in WAKAD PUNE - Social Infrastructure

Part 8: SMART HOME - a Gimmick Best Avoided - Smart Homes May Not Work in Pune

Part 9: LIVING IN PUNE - WALKING IN WAKAD - Musings on Urban Town Planning

Part 10: CART BEFORE THE HORSE URBAN TOWN PLANNING MODEL of PUNE

Part 11:  PUNE –  “Destination of the Past” or “City of the Future”?

Part 12: TUM TUM SCENE IN WAKAD Pune - Travelling to Hinjewadi

Part 13: STAY INSIDE STAY COOL

Part 14: Eating out in Pune – WAKAD FOOD GUIDE

Part 15: PUNE PROPERTY PUZZLE – Are You Thinking of Buying a Resale House

HAPPY HOUSE HUNTING  

VIKRAM KARVE 
Copyright © Vikram Karve 2012
Vikram Karve has asserted his right under the Copyright, Designs and Patents Act 1988 to be identified as the author of this work.
© vikram karve., all rights reserved.

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About Vikram Karve

A creative person with a zest for life, Vikram Karve is a retired Naval Officer turned full time writer. Educated at IIT Delhi, ITBHU Varanasi, The Lawrence School Lovedale and Bishops School Pune, Vikram has published two books: COCKTAIL a collection of fiction short stories about relationships (2011) and APPETITE FOR A STROLL a book of Foodie Adventures (2008) and is currently working on his novel and a book of vignettes and short fiction. An avid blogger, he has written a number of fiction short stories, creative non-fiction articles on a variety of topics including food, travel, philosophy, academics, technology, management, health, pet parenting, teaching stories and self help in magazines and published a large number of professional research papers in journals and edited in-house journals for many years, before the advent of blogging. Vikram has taught at a University as a Professor for 15 years and now teaches as a visiting faculty and devotes most of his time to creative writing. Vikram Karve lives in Pune India with his family and muse - his pet dog Sherry with whom he takes long walks thinking creative thoughts.

Vikram Karve Academic and Creative Writing Journal: http://karvediat.blogspot.com
Professional Profile Vikram Karve: http://www.linkedin.com/in/karve
Vikram Karve Facebook Page:  https://www.facebook.com/vikramkarve
Vikram Karve Creative Writing Blog: http://vikramkarve.sulekha.com/blog/posts.htm
Email: vikramkarve@sify.com

© vikram karve., all rights reserved.



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