Review : Investment in Solitaire Business Hub, Baner, Pune, Loss or Profit

Pune

CPR Ratings

As per Location
The Chordia Solitaire Business Hub is situated on the Balewadi High Street Road, Baner, Pune, Maharashtra. The project has a wide frontage.

The NH-48 Highway is just 5-minutes away from SBH Baner.  Pune international airport is just 19-Km  away via Airpot road from Chordia Solitaire Business Hub. The Chordia Solitaire Business Hub is properly connected with the main points of Baner & Pune City.

The Chordia Solitaire Business Hub is properly visible and walkable to nearby residents. The project is very well connected to multiple public transportation facilities and other civic facilities.

Prominent institutions & schools are in the closest proximity such as National Insurance Academy, Dnyansagar Institute of Management and Research, MITCON Institute of Management, Bharati Vidyapeeth’s English Medium School, etc. Major hotels such as The Orchid Hotel Pune, FabHotel Imperio Baner are also in close proximity.

The project is close to several government offices such as NIA Sub Post Office, Passport Bhavan, etc. So can say that Chordia Solitaire Business Hub is an excellent location project.

Possession | Construction Update
The Chordia Solitaire Business Hub is under construction.  SBH Baner promised date of delivery/possession is in the month of  June-2022. RERA Registration No P52100008740

Solitaire Business Hub Baner Pune

Drawbacks | Bad Factors
The sale price of commercial office space and other products of the SBH Baner are already on the very higher side. If we compare the office space price among other reputed commercial properties/projects of Balewadi high Street Road and nearby areas of Baner then we find that the price of Solitaire Business Hub is higher approx INR Rs 10,000/- per square foot. The sale price of retail spaces is also on a very higher side.

The Balewadi High Street Road of  Baner is a low-density population area and the low-density is good for the living but not for commercial property investment.

These days developer of the SBH Baner, offering many attractive schemes to customers to invest in this project, like the 12% assured return, lease guaranty, and other greedy payment plans.

That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most assured return and lease guaranty properties are the investment of loss.

Do not put your hard earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest carefully.

Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard earned money in the name of the assured return & lease guaranty to you in the form of EMI. Actually, they are making you fool.

Advantages | Good Factors
The layout design of commercial office space is very impressive. The office space is well furnished and designed to cater to every business.

The Chordia Solitaire Business Hub is properly connected with multiple transportation facilities and other civic facilities. There is a proper parking space for stakeholders and visiting guests.

The Chordia Solitaire Business Hub is approved by the Pune Development Authority and Maharashtra RERA, so there is no legal hassle in this project.

Products & Developer
Chordia Solitaire Business Hub is under developing by the Atul Builders.  The project is consists of commercial retail shops, showrooms, commercial office space, etc.

Builder Profile
The  Atul Builders is a new entry in the Pune real estate market. So he has no experience to build and manage such type of big commercial project.

Advice
The  Chordia SBH, Baner is probably not the right choice of investment for those who are looking for ROI in the next year or so. The project has a long way for completion, there may not be a real appreciation of value for resale in a year. Profitable resale may take more than 5+ years or even more.

While there is no doubt that investing in commercial property is a good idea that offers sizeable returns in the long run, but you cannot just invest in any property you come across. You need to be aware of the fine tuning of the market and put in due consideration before putting your hard-earned money in it. It can sink to you or fleet cross it too.

The development and the construction of the  Chordia Solitaire Business Hub project will depend solely on the speed at which the retail shops and office spaces are sold out.

Price | Lease Price
The Chordia Solitaire Business Hub retail and office space price start from.

TYPE CARPET AREA (SqFT) PRICE (PSF)
Showrooms 1350-6072 35350
Office 569-3000 19292
Restaurants Updating Soon Updating Soon

The price is very high for investment and there is hardly any chance of early growth.

Conclusion
Profitable resale in assured return property/projects takes a very long time, can say minimum 10-years or even more. There are several examples of flop assured return projects in PUNE. Actually, assured return and pre-leased guaranty payment plans are the tricks of fundraising by fooling the public.

Property investment is a huge step and it involves a lot of money. It is therefore important that you review the pros and cons and weigh them before reaching a decision. The price is already on the very higher side and there is hardly any chance of early growth. The Investment of the SBH, Baner (Chordia Solitaire Business Hub) office space may take a very long time to grow. So invest carefully.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

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