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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 June 15 2009, 03:53 PM   #1
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Default Blue Ridge, Hinjewadi, Pune

Hi All ,

I hear that the Blue Ridge Phase II is not doing well . Anyone having any updates on this scheme . What is the posession date for phase II. Hear lot of cancellations have been happening there any idea please upate .

Thanks in advance

Samir

 
Old June 15 2009, 11:23 PM   #2
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Originally Posted by Samir_Pune View Post
Hi All ,

I hear that the Blue Ridge Phase II is not doing well . Anyone having any updates on this scheme . What is the posession date for phase II. Hear lot of cancellations have been happening there any idea please upate .

Thanks in advance

Samir
The date of completion has been delayed by atleast 2 years, amenities like Kayaking is canceled/indefinitely delayed. People who booked in 6 towers are accommodated in 3 towers! Good way to save cost of construction. The list goes on.....if everything had been well, why did paranjape come up with FD scheme? BR falls in gram panchayat & not PMC. To cut long story short invest in BR if you want to donate your hard earned money to the builder.
guideus likes this.
 
Old June 16 2009, 07:09 PM   #3
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Default Blue Ridge

Hi ,

Thanks for the update . Can you please elaborate on the list of points you mentioned . Do not think things like kayaking should deter the residential project buyers . Delay in posession is of course a valid point . Being a first time buyer not able to visualise the drawbacks of Gram Panchayat . Think the prestigious projects like these should be able to take care of the basic infrastructure and related things very well , including power cuts and security .

Rgards

Samir
 
Old June 28 2009, 09:27 PM   #4
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Originally Posted by Samir_Pune View Post
Hi ,

Thanks for the update . Can you please elaborate on the list of points you mentioned . Do not think things like kayaking should deter the residential project buyers . Delay in posession is of course a valid point . Being a first time buyer not able to visualise the drawbacks of Gram Panchayat . Think the prestigious projects like these should be able to take care of the basic infrastructure and related things very well , including power cuts and security .

Rgards

Samir
Constructing only 3 towers out of 6 & forcing buyers to get accommodated in these 3 towers itself shows the true picture. BR would be nothing but full with ghost buildings, no residents. Magarpatta is 10 years old, yet going on that too having witnessed boom period. What makes you think that BR would be indeed complete soon especially when cancellations have taken place from investors & NRIs & entire RE in doldrums? I personally know 2 persons who have canceled the bookings in Oct-Nov 2008.

Buy here if you want a house for your grandchildren. Stay out if you value your money. The FD scheme floated by paranjape schemes shows that liquidity crunch is severe here.
 
Old November 4 2009, 01:27 PM   #5
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currently the rates is 3500 at blue ridge and estmaited possession date is Dec 2010 for the phase I.

The 2 bhk flat goes around 44 lakhs + plus maintainance of 25 K for first six months and then INR 2 per on the carpet area
 
Old November 5 2009, 12:13 AM   #6
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Arrogant builder -- nothing more to say about Paranjape. Most of the ppl who bought in BR, are investors seating in US, UK and will not care about the possession.
I still doubt, even if they give possession in Dec 2010, will they have all these amenities working and basis daily need stores in Hinjewadi.
 
Old November 5 2009, 05:48 AM   #7
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I still doubt, even if they give possession in Dec 2010, will they have all these amenities working and basis daily need stores in Hinjewadi.
Yes all the basic daily needs will be there right outside Blue Ridge. Hinjewadi will be next Manhatten
Bill Gates will try to relocate his office from USA to Hinjewadi. Blue ridge is no doubt very prestigeous
project, Bill gates is also trying to book apartment there and builder is saying sold out.


I could never understand why people look for apartments near Hinjewadi?? Kya hai Hinjewadi me?
All the offices there I know make you work like pigs, leaving at 7:00PM is like a half day.
Good only for bachelors, not good for family life at all.

There are better companies all over pune, but none in Hinjewadi.
 
Old November 5 2009, 09:32 AM   #8
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Yes all the basic daily needs will be there right outside Blue Ridge. Hinjewadi will be next Manhatten
Bill Gates will try to relocate his office from USA to Hinjewadi. Blue ridge is no doubt very prestigeous
project, Bill gates is also trying to book apartment there and builder is saying sold out.


I could never understand why people look for apartments near Hinjewadi?? Kya hai Hinjewadi me?
All the offices there I know make you work like pigs, leaving at 7:00PM is like a half day.
Good only for bachelors, not good for family life at all.

There are better companies all over pune, but none in Hinjewadi.
Which are those better companies? Are you talking about companies in Kharadi? The only reason I can think of taking a house close to hinjewadi is so that I have shorter commute time and hence better work life balance, but Im sure your ideas are different. Please enlighten us with your gyan so that people will have a better work-life balance in life.
 
Old November 5 2009, 10:32 AM   #9
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home closer to office is always helpfull , if the basic facilities are available.

I was staying in hi-tech city at Hyderabad and its max. 3 km distance for most of the companies and 10 min-15 min commuting time (during the traffic ).

the area is well developed in terms of connectivity to all parts of Hyderabad (apart from auto's , on call taxi from at least 5 service providers available at Rs. 10 per km - 15 per km), state transport buses (normal , standard and AC - so depends how much u could shell out , although still buses are crowded), good restaurants, all grocery and other basic needs nearby.

Only thing was u have to pay high rent. but i never regretted that due to facilities available and closer office.
 
Old November 5 2009, 10:41 AM   #10
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Don't bluff yourself by giving excuse of this traveling time. So if you buy flat you will forever stay in that area right or next 20 years till the loan closes?
Or for that Matter part of city. As in few years it will become impossible to traverse Pune end to end.
Hinjewadi is one end.

Thats not true for a IT professional or any private employee ! Right ... in 4-5 years you will change company or city .... then one will sell his house here and buy a new one at new place .... again giving stamp duty registration closing loan ??
Go to new place search for a new house to buy and meantime stay in rent....
So this way is it not easier to stay in rented ... no risks ... very flexible ....
Plan your RE investment where you have to settle for long time .... or maybe plan in few years when you get your priorities changed....
 
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