Blue Ridge Project - PUNE - Page 53 - Indian Real Estate Forum

puneri12 · 30-08-12

Quote:

Originally Posted by Baruch

I too have booked in pahse-3....same size...saem rates...

My Reasons for buying

1. Proximity to Hinjewadi
2. Pune Infra is pathetic so cant afford living in area further than wakad ( many of you calculate distance of a project from city center...I calculate it from the job center...otherwise I would have not been in Noida at first place itself)
3. After living in Pune for 4-5 years...I have realized it is the best city to be in ( in totality of jobs opportunity, weather, safety and despite the poor infra0
4. Golf facing properties are fetching 8-14k psf in NCR..so its a matter of time before trends picks up in Pune...even if that doesnt happen...Im fine as it for living...so paper gains or no gains...doesnt chaneg life much
5. A very decent school in the premises
6. After KUL Ecolech/XRBIA/KP...Hinjewadi will be like Wakad only by 2015..

-ves of the project ( my POV)

Poor amenities ( small pool, no tennis court)...so unless you buy club memebership...all you get is views :-(
Unless they open up a planned second entry...after the project is fully functional...entry will be very crowded
While one will save a lot of time for office going but lets say you want to go to station/airport in the evening on working day...you will be stuck in pahse-1 square for 1 hours and much
Its very costly...and unlikely to give the kind of returns you would have got somewhere else...but then entire Pune has become like that
I didnt invest at 2900 all inclusicve in Mar, 2010 ( in coprorate scheme) and finally ended up paying almost 6000 psf ( all inclusive)...so decisiosn will always haunt me

congrats on your purchase...
one of the main reason this scheme was sold fast was due to good amenities...so poor amenities may not be a negative...even if you do not have a golf club membership (which i think is must for anyone staying at BR)..there is going to be a normal size pool and club for cluster of towers (for example..for cluster T1-T8, they have one kids pool, one normal pool, club house, kids play area etc)
i agree ..at 1 cr + it is very expensive...in city area's like kothrud you can get a used 3 BHK for 1 crore (but not in fancy soc like karishma)

puneri12 · 30-08-12

could anyone living in BR share their experiences from past couple of months...

mit_mi · 30-08-12

is the base rate of BR now 6000 ?

If possible, can you pls specify the breakup. Does it include preferential (golf/garden) facing and floor rise as well ?

Quote:

Originally Posted by Baruch

I too have booked in pahse-3....same size...saem rates...

My Reasons for buying

1. Proximity to Hinjewadi
2. Pune Infra is pathetic so cant afford living in area further than wakad ( many of you calculate distance of a project from city center...I calculate it from the job center...otherwise I would have not been in Noida at first place itself)
3. After living in Pune for 4-5 years...I have realized it is the best city to be in ( in totality of jobs opportunity, weather, safety and despite the poor infra0
4. Golf facing properties are fetching 8-14k psf in NCR..so its a matter of time before trends picks up in Pune...even if that doesnt happen...Im fine as it for living...so paper gains or no gains...doesnt chaneg life much
5. A very decent school in the premises
6. After KUL Ecolech/XRBIA/KP...Hinjewadi will be like Wakad only by 2015..

-ves of the project ( my POV)

Poor amenities ( small pool, no tennis court)...so unless you buy club memebership...all you get is views :-(
Unless they open up a planned second entry...after the project is fully functional...entry will be very crowded
While one will save a lot of time for office going but lets say you want to go to station/airport in the evening on working day...you will be stuck in pahse-1 square for 1 hours and much
Its very costly...and unlikely to give the kind of returns you would have got somewhere else...but then entire Pune has become like that
I didnt invest at 2900 all inclusicve in Mar, 2010 ( in coprorate scheme) and finally ended up paying almost 6000 psf ( all inclusive)...so decisiosn will always haunt me

PointOfView · 30-08-12

Quote:

Originally Posted by Baruch

1. Proximity to Hinjewadi

=> this area is well connected to phase I which is totally developed with IT infrastructure. Going to phase II is also easy.

Quote:

Originally Posted by Baruch

6. After KUL Ecolech/XRBIA/KP...Hinjewadi will be like Wakad only by 2015..

=> still these places will be less developed than location of Blue Ridge even in 2015

Quote:

Originally Posted by Baruch

-ves of the project ( my POV)

Poor amenities ( small pool, no tennis court)...so unless you buy club memebership...all you get is views :-(

=> membership can be bought anytime if you have necessity.

Quote:

Originally Posted by Baruch

Unless they open up a planned second entry...after the project is fully functional...entry will be very crowded

=> second entry gate can be constructed later if needed. primary entry is very wide so very less chances of getting crowded.

Quote:

Originally Posted by Baruch

While one will save a lot of time for office going but lets say you want to go to station/airport in the evening on working day...you will be stuck in pahse-1 square for 1 hours and much

=> This is not correct. At peak traffic, it takes maximum 20-25 mins to get past phase-I square

Baruch · 30-08-12

Im not suffering from confirmtaion bias so wont read everything attached to BR as +ve

At the same time I appreciate points made by you guys

If not for Golf course + river view( though it will look like river only for 4 months in mansoon) + weather of Pune + Hinjewadi being only IT pocket in India still seeing headcount addition ( its almost stagnated in Gurgaon/Blore/Mumbai/Hyderbad...some additions in Noida/Chennai/Maneshar)...I would have not bought such heavily loaded and haphazrdly designed flat in outskirts of city at such a price

everything else is unnecessary details and actually mostly -ve...including a lot of 1BHKs at the entrance which will never let it become a luxury project , mall + office at entrance which will kill its residential feel

Megapolis is a much better project ( structure of flats + still reasonable rates + less loading)...its location will too move from -ve to +ve ( from rental perspective though not necessarily from family living perspective) after CTS opens up in phase -3 ( 20,000 capacity campus construction at advance stages) and TCS building becomes fully occupied

**realacres** · 30-08-12

Does anyone has the update about the bungalow project in BR ? It has been cancelled & some 22 floor building is coming up there, so has it be completely cancelled or shifted elsewhere ??

Baruch · 30-08-12

no Bunglow...only towers...

when they launched in 2008...they had the cnetral area marked for villas/row house and water bodies and what not

They realized golf course is a major attractions in RE world wide and they can get better bucks by using unutilized FAR in high rises

Superduper · 30-08-12

Quote:

Originally Posted by realacres

Does anyone has the update about the bungalow project in BR ? It has been cancelled & some 22 floor building is coming up there, so has it be completely cancelled or shifted elsewhere ??

Decision to put a golf-course and not bungalows was announced over a year back.

By doing so the developer added (huge) value to all the center facing flats and to some degree the rest of the project.

The developer lost nothing since…he took that FSI and used it for 1-2 BHK commodity-like flats to be built outside of the prime of the project.

The developer added another feather in his cap since possession of the golf-course will be retained by his firm and will never be part of Blue Ridge association.

**realacres** · 30-08-12

Thanks Baruch. But having bungalows in BR would surely have lent a premium feel to the project. I have seen projects which are golf facing in Gurgaon, but then those projects themselves are premium projects in true sense. I doubt how many people from BR will actually come down to play golf and seeing the odd timings of ITGs, it becomes even more difficult.

Quote:

Originally Posted by Superduper

Decision to put a golf-course and not bungalows was announced over a year back.
By doing so the developer added (huge) value to all the center facing flats and to some degree the rest of the project.
The developer lost nothing since…he used that FSI for 1-2 BHK commodity-like flats to be built outside of the prime of the project.
The developere added another feather in its cap since possession of the golf-course will be retained by his firm and will never be part of Blue Ridge association.

The developer didn't lost anything in terms of FSI, true but as said before, the entire face of the township got downgraded because of this & you rightly said those 1BR & commercial buildings at entrance. I expected BR to be more better than megapolis but I now feel post completion (whenever it happens), Megapolis in totality will look more better than BR. The only bad part in Sparklet, where the podium is till 2nd floor, because of which 1st floor guys can see nothing but a wall from their terrace.

Btw, the biggest drawback which I see in projects like BR is huge no. of investors than end users, ofcourse apart from infra.

PointOfView · 30-08-12

Quote:

Originally Posted by realacres

I doubt how many people from BR will actually come down to play golf and seeing the odd timings of ITGs, it becomes even more difficult.

nope.. it becomes easy though. When you say odd timings, I believe you talk about C shift (8 pm to 6 am Indian time)

Sleep till 3 pm. play golf from 4pm to 5pm. Get a hot shower, have a meal and leave for work at 7 pm

30-08-12	#526
realacres Ex-Moderator Join Date: Jun 2009 Posts: 7,511 Likes Received: 839 Likes Given: 275 My Mood:	Does anyone has the update about the bungalow project in BR ? It has been cancelled & some 22 floor building is coming up there, so has it be completely cancelled or shifted elsewhere ?? __________________ IREF Rules - Read Me

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30-08-12	#522
puneri12 Member Join Date: Jan 2012 Posts: 50 Likes Received: 14 Likes Given: 14	could anyone living in BR share their experiences from past couple of months...

30-08-12	#525
Baruch Senior Member Join Date: Mar 2012 Posts: 892 Likes Received: 209 Likes Given: 149 My Mood:	Im not suffering from confirmtaion bias so wont read everything attached to BR as +ve At the same time I appreciate points made by you guys If not for Golf course + river view( though it will look like river only for 4 months in mansoon) + weather of Pune + Hinjewadi being only IT pocket in India still seeing headcount addition ( its almost stagnated in Gurgaon/Blore/Mumbai/Hyderbad...some additions in Noida/Chennai/Maneshar)...I would have not bought such heavily loaded and haphazrdly designed flat in outskirts of city at such a price everything else is unnecessary details and actually mostly -ve...including a lot of 1BHKs at the entrance which will never let it become a luxury project , mall + office at entrance which will kill its residential feel Megapolis is a much better project ( structure of flats + still reasonable rates + less loading)...its location will too move from -ve to +ve ( from rental perspective though not necessarily from family living perspective) after CTS opens up in phase -3 ( 20,000 capacity campus construction at advance stages) and TCS building becomes fully occupied

30-08-12	#527
Baruch Senior Member Join Date: Mar 2012 Posts: 892 Likes Received: 209 Likes Given: 149 My Mood:	no Bunglow...only towers... when they launched in 2008...they had the cnetral area marked for villas/row house and water bodies and what not They realized golf course is a major attractions in RE world wide and they can get better bucks by using unutilized FAR in high rises