Naiknavare Developers Pvt. Ltd. is a fully integrated, professionally managed real estate development company in Pune, India. Over the last two decades they have become synonymous with quality, efficiency, value and fair dealing. Their strength is quick decision making and efficient construction methods for putting up large projects. We find out more about them through Mr Kaustubh Bhandarkar, Deputy Gen. Manager, Naiknavare Developers Pvt. Ltd.
Accommodation Times: About the company
Kaustubh Bhandarkar: Naiknavare Developers is a fully integrated real estate development company based out of Pune. With a track record of over 2 decades, the company has completed around 7-8 million sq. ft. worth of residential and commercial projects in and around Pune, Kolhapur and Navi Mumbai. The company has recently expanded operations to Goa.
AT: What is unique about the services you provide?
KB: The firm has developed the Alu Form technology, where it manufactres construction equipment (scaffolding made of aluminum) for use on its own schemes. Aluform is a revolutionary construction technique in which we save not only time, but get quality construction of the highest order which has a longer lifespan. Due to the development of this technology, the firm is able to construct entire floors along with walls in a period of five to seven days. This increases efficiency and also produces an extraordinarily strong monolithic structure with excellent concrete finish. Further, due to use of this technology the finishing is also very good. The firm is the only builder in the city to use this technology. In fact, this is the patented technology of the firm. Along with the normal residential schemes, this technology has proved very useful and effective for low cost housing schemes for Economically Weaker Section (EWS).
AT: What are your current projects? Please give us some details about them:
KB: All projects in Pune city are in the vicinity of IT parks of Pune, like Victoria Garden – Kalyani Nagar. A 3BHK 1501 to 1536 sq. ft. for ready possession at Rs. 84.39 to 85.54 lakhs, Mystique Moods – Viman Nagar which is a 3BHK 1489 to 1619 sq. ft. for ready possession as well at Rs. 62.28 to 67.47 lakhs and 2BHK 1119 to 1284.50 sq. ft. with possession within 1 year at Rs. 45.05 to 51.28 lakhs. Both the projects are located near Magarpatta and Kharadi IT parks.
The Township Project ‘Dwarka’ is based on a unique ‘Bharat Patern’ concept, off Chakan-Talegaon Road. It has 5100 units. It has separate sector-wise allocation of residential colonies for 1/2/3 bedroom apartments, row-house, twin bungalow, with gated communities for each sector.
AT: How do you think has the Pune real estate market coped and is coping with a series of events in the last few months? We had the recession, albeit not as of on the global scale, the budget which was not satisfactory to say the least for developers or builders and now the Swine Flu. Your views on that
KB: After the formation stable central government and the facilities like concessions in excise duty and income tax, extended to infrastructure and real estate sector and reduction in interest rate by the financial institutions & the positive indication of getting out of red by the leading economies of world, the real estate sector is gearing up to revive its slow down. The main factor of lower interest rates offered by the banks has helped in great extent to look out for properties, by people who were on the wait & watch position, to see the economic viability to buy the properties. The dual advantage of low interest rates by banks & lower rates per flats by the builders has made more encouraging to look out for both first and second homes.
AT: The Swine Flu has been hogging the headlines in Pune recently. Has it impacted on sales and consequent property prices and investments?
KB: The pandemic has not affected buying of properties in Pune. The situation with the sector has been unaffected.
AT: Do you see Pune taking the load off the pressures faced by the city of Mumbai? If so, how will Pune cope up with the pressures? What sets Pune apart from a metropolitan city like Mumbai?
KB: Pune looks like a much safer city in all respects compared to Mumbai. Pune has got its own glory to reside.