Blue Ridge - 1BHK "Slim Fit" apartments launched today.

Some observations/queries I have:

1. Flat layout: No balcony, cramped internal space. Shared wall.
a. Some flats are actually "studio type". No closed bedroom.
b. Huge common passage, railway bogie like layout.
2. Who is the target buyer?
3. What will be the approx monthly maintenance?
4. As an investor:
a. Will there be any appreciation if any during resale?
b. What will be “in-hand” rent after maintenance & property tax?
5. 9 flats per floor, approx 20 floors/bldg, 5 buildings = 900 flats and Only one swimming pool & tennis court as amenities.

Looks like SRS (Slum rehab scheme) to me.
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  • Their Ads are all over the radio since yesterday. Every 5-10 mins there is an Ad related to blueridge. It is so irritating.
    What is the area and cost BTW?
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  • ravi karandeekar's blog has marketing info dump.
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  • Originally Posted by sno247
    Blue Ridge - 1BHK "Slim Fit" apartments launched today.

    Some observations/queries I have:

    1. Flat layout: No balcony, cramped internal space. Shared wall.
    a. Some flats are actually "studio type". No closed bedroom.
    b. Huge common passage, railway bogie like layout.
    2. Who is the target buyer?
    3. What will be the approx monthly maintenance?
    4. As an investor:
    a. Will there be any appreciation if any during resale?
    b. What will be “in-hand” rent after maintenance & property tax?
    5. 9 flats per floor, approx 20 floors/bldg, 5 buildings = 900 flats and Only one swimming pool & tennis court as amenities.

    Looks like SRS (Slum rehab scheme) to me.

    They are going MegaPolis way.
    Since BR homes are out of budget of IT people so now they introduced 1BHK scrap homes to loot average IT guys. I'm not going to consider this scrap and overprised project.
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  • Whats the total cost of this 1 BHK
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  • Originally Posted by pnb_2k
    They are going MegaPolis way.
    Since BR homes are out of budget of IT people so now they introduced 1BHK scrap homes to loot average IT guys. I'm not going to consider this scrap and overprised project.

    And only yesterday it was posted on this forum by fellow member how BR is only for people earning 1.5-2.5L/month:D, now if this is the case, why start such projects? This just means that the existing flats are not selling or the builder wants to have a SRA within BR.....housing for all from LIGs (50k/month) to MIG (2L/month), no HIGs here ;):D.
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  • Originally Posted by realacres
    And only yesterday it was posted on this forum by fellow member how BR is only for people earning 1.5-2.5L/month:D, now if this is the case, why start such projects? This just means that the existing flats are not selling or the builder wants to have a SRA within BR.....housing for all from LIGs (50k/month) to MIG (2L/month), no HIGs here ;):D.

    Additionally, you need to be really "slim" to "fit" in these flats!!:bab (34):
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  • 571 sqft flat costs 23L+. Go grab them before they sell out like hot cakes over this weekend :)
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  • Like 'Rishta vahi, soch nayi',
    it's 'Profits vahi, soch nayi' for Paranjape and Co..

    Why can't they come done to reasonable profit margins like 40% to 50%.
    A typical 2-Bhk would then cost just 12L to 15 L max in such a location.

    And of which country a citizen you become (their ad of world class citizen) by staying in a 1-Bhk/0-Bhk slim flat?
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  • Originally Posted by amit3011
    Additionally, you need to be really "slim" to "fit" in these flats!!:bab (34):

    Yeah, everyone is the family should get size zero fig., after all it is a brand which one carries around.

    Btw, I am really fed of these ads in FM....& as my beloved Worldspace Satellite radio is gone, I have no option but to just shuffle these channels:o.

    Man, how about buying 2 car park slots & staying in that rather than buying slim apartment?? :D More VFM + more area as well!!
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  • Originally Posted by realacres
    Yeah, everyone is the family should get size zero fig., after all it is a brand which one carries around.

    Btw, I am really fed of these ads in FM....& as my beloved Worldspace Satellite radio is gone, I have no option but to just shuffle these channels:o.

    Man, how about buying 2 car park slots & staying in that rather than buying slim apartment?? :D More VFM + more area as well!!


    The Slim Fit apt add by Blue ridge are really nuisance. They are trying to sell these flats like selling coke and pepsi. Target customer is clearly the fresh IT guys of Hinjewadi with income range of 4-6 Lacs.

    I hope those poor guys do not fall pray to these tactics.
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  • Jr. IT Guys,

    Instead of buyin in Hinjewadi, go for shared acco on rent in Wakad/Aundh/Baner/Pimple Saudagar/Nilakh for few years and save money for bigger 2BHK flat.

    Once you decide that Pune is where you want to settle down and work in Hinjewadi, then start looking for a decent/resale 2BHK in areas you like.

    If you live in Blue ridge, employment in Hinjewadi is the only option, you are locked. No Kalyaninagar/magarpatta/ICC on Sanapati Bapat Rd.
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  • Originally Posted by sno247
    Jr. IT Guys,

    Instead of buyin in Hinjewadi, go for shared acco on rent in Wakad/Aundh/Baner/Pimple Saudagar/Nilakh for few years and save money for bigger 2BHK flat.

    Once you decide that Pune is where you want to settle down and work in Hinjewadi, then start looking for a decent/resale 2BHK in areas you like.

    If you live in Blue ridge, employment in Hinjewadi is the only option, you are locked. No Kalyaninagar/magarpatta/ICC on Sanapati Bapat Rd.


    Very well said Sno247.

    In fact one should think of buying home only when you know that it is the time and location to settle down. At this juncture (probably when you are married too), you know exactly what are your requirements for home. i.e. exact locality, nearby schools, no. of bedrooms, other amenities etc.

    Till then, invest your money in some wise instruments and enjoy life as well.
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  • Originally Posted by amjamirs2
    Very well said Sno247.

    In fact one should think of buying home only when you know that it is the time and location to settle down. At this juncture (probably when you are married too), you know exactly what are your requirements for home. i.e. exact locality, nearby schools, no. of bedrooms, other amenities etc.

    Till then, invest your money in some wise instruments and enjoy life as well.

    Very nice suggestion to IT guys. Stocks and SIP(mutual funds) are better options instead of jumping into flats which finally lead to huge debt.
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  • They are ready with the sample flat in one of the building. Its looks smaller than what they had shown before. :(
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  • 5100/ft is it worth it?
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