Project Of The Week: B U Bhandari Vaastu Viva, Pune
Pune has grown to be the paradise destination for new-age home buyers, looking for property ranging from affordable to premium and even luxury. The city, which is a mix of calmness and serene environment on one hand, and the emerging information (IT) hubs on the other, has seen a change in its demographics. Thus, calling for a rise in demand for residential property in Pune. B U Bhandari Landmarks, after delivering a lot of projects across the country, is all set to launch its latest residential property in Wakad, Pune by the name of Vaastu Viva, to serve new-age home buyers.
The project
B U Bhandari Vaastu Viva offers affordable 2BHK apartments that suffice the need of a contemporary home buyer. The number of apartments available for sale, at present, is 80. The possession of these apartments will be given in July 2018.
The apartments here are available in 10 different carpet areas ranging between 894 sq ft and 1,148 sq ft. The floor plan of the homes here consists of a master bedroom along with an attached washroom, a separate bedroom, living room, kitchen and dining area, a dry balcony, and a common washroom. There is also a terrace next to the living room.
For the ones living in B U Vaastu Viva, Wakad will receive certain amenities common for all the residents. They are:
The locality
A resident always expects his home is surrounded by good civic and social infrastructure, which is easily accessible. Hence, a perfect location always complements a perfect home. Some of the locational advantages that B U Bhandari Vaastu Viva offers to its residents are:
Infrastructure and future prospects
Wakad is managed by the municipal corporation of Pimpri-Chinchwad and it has fostered growth of the area to a significant proportion. The area receives a good supply of power and water and also, has an improved drainage system along with the overall infrastructure. Wakad lies near Bus Rapid Transit (BRT) routes, which is currently under-construction. In terms of residential development, the area has a lot of projects within its circumference. There are 173 ready-to-move-in projects, 76 under-construction projects, and 11 projects are proposed for development. The property price of the area have been rising steadily. If we look into the data of past 24 months, we find that there is an increase of 15 per cent in the prices of residential property in Wakad.
Price comparison
The apartments at B U Bhandari Vaastu Viva are available for a price of Rs 5,300 per sq ft, which makes the starting price to be Rs 47.4 lakh. The average price of the locality is Rs 5,762 per sq ft. The similar projects such as Zenith by Eisha Group, Fairmont by Goel Ganga and Fortune 108 are priced at Rs 5,000, Rs 5,454, and Rs 5,199 per sq ft, respectively.
The developer
B U Bhandari Landmarks has developed many projects. The portfolio of the company contains both commercial projects as well as residential projects. Some of its renowned projects in Pune include Everglade in Kharadi, Skyline in Dighi and Chrrysalis in Wagoli.
PropGuide's Verdict
| Parameter | Remarks |
| Project | Good |
| Price | Fair |
| Locality | Very Good |
| Developer | Good |
Overall recommendations
The project favours both end-users as well as investors as Wakad is a growing residential real estate market, Hence, the project here will offer good returns in the coming future as the area further develops.