Hi All ,

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

Thanks in advance.
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  • thahts a sad news for bears :-(

    The group already employs over 9,000 IT professionals and another 1,000 will be added in India.

    A VW India spokesperson confirmed the centre is expected to be officially inaugurated in November and will house about 500 people in the first stage. Volkswagen India's plant is located at Chakan near Pune. The centre in Hinjewadi, on the western outskirts of Pune, is a "strategic extended workbench of Volkswagen Group IT, set up with an aim to insource group processes and critical technical knowledge", said Sidharth Yadav, Regional CIO - Asia Pacific of the Volkswagen Group.

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  • Originally Posted by Baruch
    thahts a sad news for bears :-(

    The group already employs over 9,000 IT professionals and another 1,000 will be added in India.

    A VW India spokesperson confirmed the centre is expected to be officially inaugurated in November and will house about 500 people in the first stage. Volkswagen India's plant is located at Chakan near Pune. The centre in Hinjewadi, on the western outskirts of Pune, is a "strategic extended workbench of Volkswagen Group IT, set up with an aim to insource group processes and critical technical knowledge", said Sidharth Yadav, Regional CIO - Asia Pacific of the Volkswagen Group.



    I guess it is a bad news for everyone except the speculators...

    Bears cannot buy as rates will stay high. Even if only 15-20 out of this 1000 seats actually end up buying near HJW.

    Bulls or existing buyers are going to get 1000 new cars on the HJW road, no matter how many of them actually buy new RE. So its not going to help much.

    The only people actually benefiting from HJW increase are the people who are investors (provided they are able to sell)
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  • Originally Posted by punerebuyer
    I guess it is a bad news for everyone except the speculators...

    Bears cannot buy as rates will stay high. Even if only 15-20 out of this 1000 seats actually end up buying near HJW.

    Bulls or existing buyers are going to get 1000 new cars on the HJW road, no matter how many of them actually buy new RE. So its not going to help much.

    The only people actually benefiting from HJW increase are the people who are investors (provided they are able to sell)


    That's good news actually.. More cars means more traffic jam...More traffic jam means people will be more prone to stay close or in Hinjewadi to save travel time....more people will rent or buy in Hinjewadi... :)
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  • Originally Posted by sudhashbahu
    I did it so that anyone looking to buy can benefit from the data. Every buyer would like to know the approximate going rate and negotiating range.


    Oh so u doing it for others. That's great.
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  • Originally Posted by sudhashbahu
    I did it so that anyone looking to buy can benefit from the data. Every buyer would like to know the approximate going rate and negotiating range.


    I feel really bugged if someone unknown keeps on pestering about my purchase price, and give him a really high number. Not a good way to find price trends, especially you are planning to buy there. Ask all other things like water, electricity, proximity of schools/theaters etc, but buying price is private.

    If one is really keen on finding recent price trend of any project, all he needs to do is to go to igrmaharashtra.gov.in and find latest IndexII's of that project by giving the name or survey number.
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  • Originally Posted by TheTruth
    I feel really bugged if someone unknown keeps on pestering about my purchase price, and give him a really high number. Not a good way to find price trends, especially you are planning to buy there. Ask all other things like water, electricity, proximity of schools/theaters etc, but buying price is private.

    If one is really keen on finding recent price trend of any project, all he needs to do is to go to igrmaharashtra.gov.in and find latest IndexII's of that project by giving the name or survey number.


    Do you have the exact link for searching index II documents? Not able to find that. Thanks
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  • Originally Posted by TheTruth
    I feel really bugged if someone unknown keeps on pestering about my purchase price, and give him a really high number. Not a good way to find price trends, especially you are planning to buy there. Ask all other things like water, electricity, proximity of schools/theaters etc, but buying price is private.

    If one is really keen on finding recent price trend of any project, all he needs to do is to go to igrmaharashtra.gov.in and find latest IndexII's of that project by giving the name or survey number.



    thats true .... buyers tend to always tell higher price while sellers that they sold for much lower price
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  • Originally Posted by Tangent
    thats true .... buyers tend to always tell higher price while sellers that they sold for much lower price


    I would think it is the opposite. Everybody would want to show how ''smart'' they are that they struck a deal for lower than market price while buying and other way round while selling.
    Wouldn't you?
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  • These Govt. websites are a joke. I have never figured out how to make things work. I remember looking at this one to find whether I can pull up my Index II and was never able to. The user interface must have been developed by some entry level programmers - it is a mixture of Marathi and English - if you do not translate & spell the name of village properly, you will never get any records.

    If someone is able to search for a BR record based on the village and survey number, let me know.
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  • July 2012- BR base rates were 5200 psf + extra

    October 2014 - 6200 psf + extra

    so it barely managed to meet FD returns in last two years

    reward not commensurate to risk
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  • PNQ Why this Kolavari? I have used that website a lot of times, and I know many people who do so regularly. Sure it is not as good as it could be, but it has eased the work by a great extent.
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  • Originally Posted by Baruch
    July 2012- BR base rates were 5200 psf + extra

    October 2014 - 6200 psf + extra

    so it barely managed to meet FD returns in last two years

    reward not commensurate to risk


    The rate that Sudhashbahu quoted 2 pages back was close to 5900 (78l for 1331 sq ft) where are you getting the 6200 from?? Not picking on you but would like to know which one is closer to reality.
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  • Originally Posted by Ryatnalkar
    The rate that Sudhashbahu quoted 2 pages back was close to 5900 (78l for 1331 sq ft) where are you getting the 6200 from?? Not picking on you but would like to know which one is closer to reality.


    Buddy..I was quoting builder rates...because thats the only rate I can confirm wihtout spending much of a time...I have no habit of asking selling / buying rates from individuals...

    bears will say actual resale rates are much lower....but the same was true in 2012 too

    so its better to compare apple to apple for returns...

    if one has to realize return...he has to sell and that will have exit cost ( brokerarge...discount to builder quoted rates etc) too...but if one is holding property for 5-6 years before selling....this exit cost as a % of total gains becomes less of an issue
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  • Originally Posted by Ryatnalkar
    The rate that Sudhashbahu quoted 2 pages back was close to 5900 (78l for 1331 sq ft) where are you getting the 6200 from?? Not picking on you but would like to know which one is closer to reality.


    The 1331 sq.ft is the inflated area everyone likes to quote and is most commonly used on real estate sites.

    The actual saleable area is 1256 sq.ft. With a sale prize of 78L, the rate comes to Rs 6210/sq.ft.
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