Dream-home owners, as the area/location poll time is over now, it’s time to announce the area! We received 12 votes on location and below are the results. Actually I was expecting more people to vote but that’s OK to narrow down on area.
East - 3 (25%)
North West - 8 (66%)
Pimpri Chinchwad - 1 (8%)
Obviously North-West seems to be the choice majority would like to go with. Though I stay in East of Pune, as per the group rules, I go with what majority has voted for and thats North-West of Pune. Those few who voted for other locations are most welcome to join. Let me tell you what location I voted for - it was East. Yes, I stay in Hadapsar as per my profile. Anyways, whatever it is, our aim is not to build something close to work but somewhere at decent location in Pune your dream home. As an employees, I do not consider you would will be or willing to work in same company, branch for rest of your life; surely not, at least for IT folks.
Now, I would like to open the discussion for the next obvious requirement, choice or preference which will provide approx land requirements. It can be Flat, Rowhouse, Twin bungalow, Independent bungalow etc. For that I have started next Poll, so please cast your valuable vote and help taking a group call. As per my plot search and people's experience, given below are rough numbers in West of Pune. I'm neither construction expert nor have building experience but I believe this is not a Rocket science either.
- Land cost per Gunta/100 sq m/1089 sq ft: 10-12 L (this might vary more depending upon locations but this is rate for a decent location) I don't believe we even need a prime location like next to PANCARD club.
- An independent house (you may call it bungalow) with corporation sanctioned plan can be build on Approx 3000 Sq ft plot. (Yes, if you wants to do legally, corporation does not sanctioned plans for anything less than this area), A twin bungalow on 2000- 2500 sq ft, A row house on 1500 - 2000 sq ft. And don't forget to add some additional common enmities space per each member.
- Construction cost: as per my discussion with friends and relatives, it should not exceed 1100-1300 / sq ft with branded fittings, accessories and quality raw material. You can check it out yourselves with those who are in construction or real home owners who built.
- Other costs: 100-200 / sq ft (it includes admin, legal, MSEB). MSEB per each member ideally should not exceed 10k -15K with optimistic estimates. Whatever builders charge like tens of thousands is all their indirect margins , nothing else
I guess this should give you quick overview on how much you can invest in to come up with a requirements.
And finally, I would like to talk about members number in group and what would be good strength to start activities. Currently, as per Google group, we are 16 ,members and anticipating few more (in case they are interested), I consider approx size of 20-30 would be good number to form legal group entity to begin with. There still will be opportunity t0 meet required number if required.
Please post comments , concerns , suggestions. Remember, doing it yourselves would feel like time consuming but I assume, you are here to prove yourselves and fulfill your dream in less budget.
