Megapolis Or Blueridge ? - Indian Real Estate Forum

Space · 01-07-09

Which one should I choose, cause I want to buy a house in one of these townships?
What’s the current rate at the table?

Appreciate the help!!

realacres · 02-07-09

Quote:

Originally Posted by Space

Which one should I choose, cause I want to buy a house in one of these townships?
What’s the current rate at the table?

Appreciate the help!!

None of the above.

aviraj · 02-07-09

Absolutely none of the above. Invest only if you have surplus money that you dont really care for. There is no guarentee that these projects will complete in the next 2-3 years

ash7979 · 02-07-09

Quote:

Originally Posted by aviraj

Absolutely none of the above. Invest only if you have surplus money that you dont really care for. There is no guarentee that these projects will complete in the next 2-3 years

you say 2-3 years I doubt that they will not gonna complete in next 5-7 years (I mean it to become complete in all aspect where a person can live with his/her family peacefully).

aviraj · 02-07-09

Townships take 7-8 years to become fully functional. So thats probably the timeline for projects like blueridge/megapolis. However whatever phases they have opened now and promised delivery in 2 yrs, will definitely not happen.

Space · 03-07-09

Hi,

Probably you are right. They wont get complete in next 4-5 years. Assuming that its true .... what should be the option that one should choose. And why ? Personally, I liked Megapolis....

Also, what about the current rates ?

realacres · 03-07-09

Quote:

Originally Posted by aviraj

Townships take 7-8 years to become fully functional. So thats probably the timeline for projects like blueridge/megapolis. However whatever phases they have opened now and promised delivery in 2 yrs, will definitely not happen.

Aviraj,
Agree that townships take 7-8 years to become fully functional but there are some hitches in BR & MP.

Magarpatta is still going on despite being 10 year old project & having witnessed RE boom from 2004-late 2007. Magarpatta was well in PMC limits while BR is in gram-panchayat. Not to forget that Magarpatta has all types of people working in different sectors while BR & Megapolis betted heavily on IT guys only. As IT is now in coma, buy here if you want to gift a house to your grandchildren!

Space · 06-07-09

Hi,

Excellent Thought. I too feel that, if and only if you have time, one should invest in such townships.

How about Nanded City then ? They might be in better condition than these two right ?

realacres · 06-07-09

Quote:

Originally Posted by Space

Hi,

Excellent Thought. I too feel that, if and only if you have time, one should invest in such townships.

How about Nanded City then ? They might be in better condition than these two right ?

Nanded City:- The rates got reduced from INR 3500/sq ft to INR 2500/sq ft nego. due to low bookings & large scale cancellations. Nothing is ready except for some sample flats. Project is of Pawar & Co. & NCP cronies. These are pulling out money from RE to finance state elections.

Nanded City has irregularities like Lavasa with farmers. Project is delayed too. Don't go for any township. It will feel like ghost building in an area of 700+ acres.

get2sharad · 02-08-10

Megapolis has 2 schemes under it:-

1- Premium homes (rates 3200/sqft)
2- Smart homes (rates 2500/sqft)

Blueridge has only one rate - 3500/sqft

I visited both this weekend and I found, unless you born with silver spoon in mouth, dont go for Blue ridge and Megapolis premium home. Megapolis smart homes are good option if you have a budget of 30L only for 2 BHK.
If you can spend around 40Lacs, dont even look towards Hinjewadi, go for Pimple saudagar or Viman nagar.

01-07-09	#1
Space Member Join Date: Jun 2009 Posts: 221 Thanks: 0 Thanked 0 Times in 0 Posts	Megapolis Or Blueridge ? Which one should I choose, cause I want to buy a house in one of these townships? What’s the current rate at the table? Appreciate the help!!

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
JMD Megapolis IT park- Buy or Wait	chatty	Gurgaon	2	21-12-09 07:43 AM
Megapolis - Pegasus Properties Vs DSK 3 Carnations - at Baner	Usman	Pune	9	12-12-09 03:58 PM

02-07-09	#3
aviraj Member Join Date: Jun 2009 Posts: 76 Thanks: 0 Thanked 0 Times in 0 Posts	Absolutely none of the above. Invest only if you have surplus money that you dont really care for. There is no guarentee that these projects will complete in the next 2-3 years

03-07-09	#6
Space Member Join Date: Jun 2009 Posts: 221 Thanks: 0 Thanked 0 Times in 0 Posts	Hi, Probably you are right. They wont get complete in next 4-5 years. Assuming that its true .... what should be the option that one should choose. And why ? Personally, I liked Megapolis.... Also, what about the current rates ?

06-07-09	#8
Space Member Join Date: Jun 2009 Posts: 221 Thanks: 0 Thanked 0 Times in 0 Posts	Hi, Excellent Thought. I too feel that, if and only if you have time, one should invest in such townships. How about Nanded City then ? They might be in better condition than these two right ?

02-08-10	#10
get2sharad New Member Join Date: Jul 2010 Posts: 15 Thanks: 0 Thanked 0 Times in 0 Posts	Megapolis has 2 schemes under it:- 1- Premium homes (rates 3200/sqft) 2- Smart homes (rates 2500/sqft) Blueridge has only one rate - 3500/sqft I visited both this weekend and I found, unless you born with silver spoon in mouth, dont go for Blue ridge and Megapolis premium home. Megapolis smart homes are good option if you have a budget of 30L only for 2 BHK. If you can spend around 40Lacs, dont even look towards Hinjewadi, go for Pimple saudagar or Viman nagar.