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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  • Originally Posted by suryawork
    Good for you only 5k/month maintenance .

    Good for renters too since these flats for whom owner pays for great services in BR, Megapolis are available cheap close to work :

    check this on 99acres :

    http://www./2-bhk-bedroom-apartment-flat-for-rent-in-paranjape-blue-ridge-hinjewadi-pune-900-sq-ft-spid-A17278904


    True. Such societies are good for end use only. Active investors will gain if they dispose of such properties in less than 5 years. Overall, renting in India is not profitable, and it is worse for BR like societies.
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  • Originally Posted by T12BROwner
    Hello Everyone on IREF.

    I have been a silent observer of IREF and specifically the BR thread for around 4 months now. I debated whether to make any posts and this is my first post.

    I am an owner in Tower 12. Though I had bought the flat as in investment I was not really connected to it. Since the past 2 months I am more connected as I visited the flat many times and also started receiving emails from the BR society appartmentadda site.

    Some feedback for anyone considering to buy at BR:


    One of the best post on this thread. Very good & balanced indeed.

    Originally Posted by T12BROwner
    Purely from a personal perspective, I prefer smaller and more "personal" societies of Mumbai than a large township like BR. Everybody knows everyone, even their relatives. I am not sure I will fit in well here.

    +1 again.

    Originally Posted by suryawork
    Generally builders make big money in maintenance activities . Owners need to know where is the maintenance money going and an audit should be done every year .

    Maintenance is way high - What is the benefit in investing then ?

    Outsourcing the entire work to 3rd party property management agency is the best option in such case. And with maintenance here as much as 7000/month for 2BR, this is very much possible.
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  • Originally Posted by suryawork
    Good capital appreciation - but cant help thinking that though an owner , such high holding costs mean you are also a renter for your own apartment now .

    I wonder about resales in such societies - prospective buyer will run away just by looking at monthly maintenance cost

    +1.

    Originally Posted by T12BROwner
    I couldn't afford to buy my own flat now :D.


    Haha, thank you for being straightforward.
    Btw, it was shocking to know that builder has put used pipes for plumbing. This is ridiculous especially looking at price which he asks for.

    Originally Posted by T12BROwner
    28 emails have been written on pet nuisance topic so far. No enthusiasm or emails threads yet for taking builder to task for poor construction. I guess pet owners are convenient soft targets to vent out on.

    Are they investors ?? Many do so for fear of getting into bad books of builder which may create some problems at later stage during the time of sale of flat.
    Normally, only the person who wants to stay there will be interested in quality & follow up with builder but those who have bought as investment are more concerned about profits & not quality.

    Originally Posted by suryawork
    There is a very wrong notion in Indian mindset that higher price equals higher value and they are exploited to the hilt in all walks of life due to this thinking . A wealthy person pays price per value , hence stays wealthy while most others stay as empty vessels defending high price .

    Fantastic man, +1. Spot on.

    Investors have to bear maintenance costs else end users have to shell out more .
    In reality a great service is being done by inflating maintenance costs (Not to mention that renters will get above services relatively cheap near office while buying a cheap house away).
    Investors will be forced to take into account holding cost of property and keeping it vacant . Similar taxes should be imposed on land kept vacant . This will remove whatever air is left in the real estate balloon . People will concentrate on work , other sectors in economy will get a boost , more job creation and development of the country .


    Again +1.
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  • Originally Posted by T12BROwner
    Today I was both deeply saddened and disturbed by the discussions on the appartment adda forum. To the extent that I have applied a filter on my email to send all apparment adda email to junk.

    This has greatly disturbed me. The road is outside the society so outside the jurisdiction of the society. Why create ruckus over it? After all stray dogs can pee/poop at the same location and no one will complain.

    A co-operative society is meant for peaceful cohabitation on a "live and let live" philosophy. Such social pressure for activities outside the society's jurisdiction scared and saddens me.

    28 emails have been written on pet nuisance topic so far. No enthusiasm or emails threads yet for taking builder to task for poor construction. I guess pet owners are convenient soft targets to vent out on.


    I am "DEEPLY & GREATLY surprised " that someone who can frame an entire post in a very refined manner using really sensible terms as well .. like "peaceful cohabitation" thinks its ok for pets to poop around the place :P

    So until a law is not passed.. let the dogs poop all around ?? I mean.. for people who wake up early and go for a walk on that street.. Its like an obstacle course... HMMM thats good for their health.. will keep them alert while walking as well :P

    Pro Dog poop 1 ---- other citizens 0

    Well personally love pets.. Especially dogs.. and that photogenic Lab in that pic is adorable, Have played with him a couple of times.. But dude.. owners need to clean up the crap.
    If You can do it for a child.. you should be able to do it for your dog.. if not.. You shouldnt have a pet.

    On second thoughts maybe this is Mr P's mistake.. for not constructing Dog loo's around the place..
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  • Originally Posted by brres13
    I am "DEEPLY & GREATLY surprised " that someone who can frame an entire post in a very refined manner using really sensible terms as well .. like "peaceful cohabitation" thinks its ok for pets to poop around the place :P

    So until a law is not passed.. let the dogs poop all around ?? I mean.. for people who wake up early and go for a walk on that street.. Its like an obstacle course... HMMM thats good for their health.. will keep them alert while walking as well :P

    Pro Dog poop 1 ---- other citizens 0

    Well personally love pets.. Especially dogs.. and that photogenic Lab in that pic is adorable, Have played with him a couple of times.. But dude.. owners need to clean up the crap.
    If You can do it for a child.. you should be able to do it for your dog.. if not.. You shouldnt have a pet.

    On second thoughts maybe this is Mr P's mistake.. for not constructing Dog loo's around the place..


    I too thought same but avoided commenting as he is a new bloke

    In society where I live (woods, wakd)...pet owners follow this and I have never seen anyone having trouble in following it....guess this common sense practice will take sometime to get imbibed in other places..

    forget dogs...even people urinate in open in India...doesnt mean we should let that happen at all places

    between his post had some other valid points...

    anyone in a situation to comment on used pipe claim ? Never heard that before....

    somehow I struggle to believe that Paranjape will take such risks with his reputation in his flagship project...
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  • Originally Posted by brres13
    I am "DEEPLY & GREATLY surprised " that someone who can frame an entire post in a very refined manner using really sensible terms as well .. like "peaceful cohabitation" thinks its ok for pets to poop around the place :P

    So until a law is not passed.. let the dogs poop all around ?? I mean.. for people who wake up early and go for a walk on that street.. Its like an obstacle course... HMMM thats good for their health.. will keep them alert while walking as well :P

    Pro Dog poop 1 ---- other citizens 0


    My Friend, I too prefer owners cleaning up after their pets. But in the absence of a law to that effect, such behaviour has to come from the owner's own realization. I my opinion, going around clicking photos like detectives and trying to aggressively hammer such people on the forums is not right approach. I hate it when people start with aggression and confrontation without trying gentler approaches first.

    For example the person who took the photo and posted on the forum was within few feet of the person taking the dog out. He could have tried to politely talk to the owner/handler and suggest the expected outcome. Who knows, a direct 1:1 talk could have got the owner thinking.

    Anyways, that is what I think and everyone need not agree to it.

    Originally Posted by Baruch


    anyone in a situation to comment on used pipe claim ? Never heard that before....

    somehow I struggle to believe that Paranjape will take such risks with his reputation in his flagship project...


    That claim was made by another owner on the apartment adda forum. Given the leakage problems I faced in my flat, I personally don't have to struggle too much to believe it.
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  • In the first batch of towers 1 to 8 .. the plumbing issues were more to do with clogged pipes.

    And a bit of leakage due to flimsy fittings below the bathtub.
    Walls had some normal seepage .. (not due to leakage).. with some moisture . water settling down and causing a bit of paint damage
    at the base of the walls.. but once settled.. it dried up and no further damage..
    and since the builder takes care of it in the guarantee period
    need to get all touch up done.. initially
    Not sure what additional problems are being faced in the new towers...
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  • I haven't seen the BR project, but I am damn sure it doesn't have a 1x1 tile or such old style structure. I think this is an ad by some pathetic agent who is banking on the BR name. See the pictures in the ad, do you think it belongs to BR or any reputed project?

    You need to add 99acres com after www. to make the link work.
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  • 7000 Rs. per month for maintenance for 2 BHK.:bab (59):
    I would love to stay there on rent ....and my owner pays for me swimming or playing :) gymming :bab (22): & swimming there.
    wow... love you all BR flat owners for your philanthropy !!
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  • @TheTruth - Agreed it doesnt seem to be of BR . Point is the rents are cheap compared to ownership cost .

    @getrahulmore - +1 - also many societies allow outsiders to access this facilities with a fee - adds to society income . You dont need to own everything - just pay per use .

    @T12BROwner - Owning multiple properties earlier was subject to wealth tax . With wealth tax abolished , mandatory renting out or paying tax on notional income also might be out - if so , good for investors .
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  • Suryawork,
    How did you come to this conclusion that tax on unrented flats/deemed income will be out?
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  • Originally Posted by vaibav123
    Suryawork,
    How did you come to this conclusion that tax on unrented flats/deemed income will be out?


    Wealth tax was applicable only on second property onwards on your name which was not rented out - so the possible thought . As usual with complex IT laws , clarity on this will come sometime later .
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  • Suryawork,
    This deemed/notional income concept will not change in my opinion.
    It will stop flats from being left locked up.
    Another query which is now coming up-TDS of RD a/cs
    Earlier TDS was not being deducted and asessee had to declare on his own.
    Now from 01Jun15 TDS on RD will be introduced as soon as budget gets passed.Now query is -whether TDS will be deducted in respect of RDs started before 01Jun or only after the date?
    Many people are now closing RD a/cs due to this confusion.
    People not on TDS radar will like to avoid getting invovled in TDS deduction filing returns for refund etc.
    Though Government decision is good towards total linking of all income and getting more potential tax payers.
    How I wish agricultural income is also brought into tax net.
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  • Originally Posted by vaibav123
    Suryawork,
    This deemed/notional income concept will not change in my opinion.
    It will stop flats from being left locked up.
    Another query which is now coming up-TDS of RD a/cs
    Earlier TDS was not being deducted and asessee had to declare on his own.
    Now from 01Jun15 TDS on RD will be introduced as soon as budget gets passed.Now query is -whether TDS will be deducted in respect of RDs started before 01Jun or only after the date?
    Many people are now closing RD a/cs due to this confusion.
    People not on TDS radar will like to avoid getting invovled in TDS deduction filing returns for refund etc.
    Though Government decision is good towards total linking of all income and getting more potential tax payers.
    How I wish agricultural income is also brought into tax net.


    IT should just make taxes simple and advoid wasting huge efforts from all concerned .
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  • Originally Posted by T12BROwner
    Today I was both deeply saddened and disturbed by the discussions on the appartment adda forum. To the extent that I have applied a filter on my email to send all apparment adda email to junk.


    T12BROwner, I agree that the situation was not ideal. However quitting the forum is not a good idea.

    Of late with the discussion on high maintenance picking up, the discussions have gone from bad to worse ... to the point that accusations and mud-slinging has started. We need sensible people like you (based on your earlier posts here) to participate and improve the overall quality and tone of the discussions.
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