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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Pune > Blue Ridge, Hinjewadi, Pune
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Old November 30 2009, 08:36 PM   #21
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Default Nice Project

I went personally to see the project and went over the site and details for 3 hours with sales person. Really liked whatever they are building. Its like a township. You wont have to go out for anything during week days as u will be getting almost all stuff in blueridge only. The rate they quoted to me was 3500 for phase 2, but he came down to 3400 after some negotiation.

I know paranjape are nice builders and this project will also turn out to be good but its true it will take some time(2-3 years for completion). I was about to take in this project but finally went for pride platinum. Its a nice and calm location with Hinjewadi hills view.

I might look for Bungalows in this project once it gets launched (mid next year).
 
Old December 1 2009, 10:47 AM   #22
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Originally Posted by vikas_bhilai View Post
I went personally to see the project and went over the site and details for 3 hours with sales person. Really liked whatever they are building.
Your decision making is so fast man ...3 hours with the salesperson and you arrive at a conclusion ( sorry speculation ) ??? Seems mystery to me.Also you booked in Pride Platinum within 1 week...I took nearly 6 years to arrive at a price which I thought was Okay.Congrats on your purchase though !!

On a different note, I don't think BlueRidge is worth a project considering infra around it.It's a wastage of good 3 to 5 years of life when you invest in under construction projects like this.Though the builder is reputed, buying at 3400 rs/sq ft in Hinjewadi is a ridiculus demand.There are ready possession better options already available...
 
Old December 1 2009, 11:00 AM   #23
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even magarpatta is selling at lower rates.

lot of options in pashan, baner, wakad and PS
 
Old December 1 2009, 04:17 PM   #24
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Default FD by builders

Why did builders start FD? What are the implications for the buyer?
 
Old December 1 2009, 05:11 PM   #25
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Why do builders have FD?
 
Old December 1 2009, 08:09 PM   #26
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Why do builders have FD?
Because the banks have put them in high risk category & hence builders are finding it difficult to raise funds from the market even at 25%+ ROI. Hence, the FD scheme launched. Just note that there is no guarantee that you will get your money back as the banking laws are not applicable here. Putting money in FD schemes of builders is like giving a gun to terrorist.
 
Old December 1 2009, 11:55 PM   #27
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Your decision making is so fast man ...3 hours with the salesperson and you arrive at a conclusion ( sorry speculation ) ??? Seems mystery to me.Also you booked in Pride Platinum within 1 week...I took nearly 6 years to arrive at a price which I thought was Okay.Congrats on your purchase though !!

On a different note, I don't think BlueRidge is worth a project considering infra around it.It's a wastage of good 3 to 5 years of life when you invest in under construction projects like this.Though the builder is reputed, buying at 3400 rs/sq ft in Hinjewadi is a ridiculus demand.There are ready possession better options already available...

When u dont have to live in a house for next few years then why to take ready posession. and secondly in under construction project I dont need to take a loan which saves me lakhs of rupees I would have to pay to bank as interest. And thirdly I am in US and purchased house, I am not sitting in pune that I can getup anyday and purchase house. So I am happy about my decision and I dont need any third opinions.
 
Old December 2 2009, 12:20 AM   #28
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Originally Posted by vikas_bhilai View Post
When u dont have to live in a house for next few years then why to take ready posession. and secondly in under construction project I dont need to take a loan which saves me lakhs of rupees I would have to pay to bank as interest.

Why buy at first place if you dont have to live in a house for next few years?

I hope you know that there is cost associated for holding this "under construction" property for few yers. Its not free!! :p

Obviously you expect price appreciation in next few years so you buy today right!

Wish you all the best.
 
Old December 2 2009, 01:55 AM   #29
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Why buy at first place if you dont have to live in a house for next few years?

I hope you know that there is cost associated for holding this "under construction" property for few yers. Its not free!! :p

Obviously you expect price appreciation in next few years so you buy today right!

Wish you all the best.
Absolutely Right and secondly if I come back after 2 years, this property price will increase by 20 lakhs more(though I dont care since I have to live in it, not sell it). By that time the property will be just ready, so it will be perfect for me. I can always increase my US stay or come and stay in pune in rented apartment for some time if there is delay in posession.
 
Old December 2 2009, 11:58 AM   #30
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When u dont have to live in a house for next few years then why to take ready posession. and secondly in under construction project I dont need to take a loan which saves me lakhs of rupees I would have to pay to bank as interest. And thirdly I am in US and purchased house, I am not sitting in pune that I can getup anyday and purchase house. So I am happy about my decision and I dont need any third opinions.
Sorry mate...you did not understand my point.You can live anywhere...USA/INDIA/HONOLULU ...but...Buying under construction property in these times at "unrealistic rate" is "risky".I have also lived in USA for 2.5 years and I completely know the situation of RE in the US and India.That is not the point here.

Point here is that if the buyer is ready to buy at an un-realistic rate, then we see the RE bubble blowing up like in Dubai where we have more investors than end-users.And one fine day...this balloon blows up....

Since you are happy with your decision..I don't have any problem.Congrats for your purchase ! Regarding third opinion, I have "earned" the right for this on this forum....and everybody has it ! So pls don't get annoyed if my opinion & logic does not apply to you. Thx -
 
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