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.
Read more
Reply
3909 Replies
Sort by :Filter by :
  • Having office close to office is good but not necessary. One can live with travel. And can change job to near by company.
    CommentQuote
  • We need a different thread for the last 10 posts in this thread, let's keep it BR discussion.
    CommentQuote
  • Whatever it is, 5-7 years from now Hinjewadi will be very developed with 2 huge townships, malls, multiplexes, hospitals etc and many big companies in the proximity. Rates will definitely soar there and rentals will never be a problem. Infrastructure is poor right now, but it will improve with time. I personally dont find the BlueRidge project attractive right now, but if I had surplus money, I would have definitely considered it as a long term investment.

    As regards staying close to office, I think its very important and it doesnt matter if your office is in Hinjewadi or Kharadi. The natural tendency is to stay close to where you work if you want a good work-life balance. Sometimes you do need to travel a lot to work, but I'm sure no one prefers that by choice. Also there is no good or bad in companies. something bad for someone might be good for someone, so no use generalizing.
    CommentQuote
  • I don't know why people pay rates of Baner for village. BR is not in PMC but in some village governed by gram-panchayat. Magarpatta was in PMC, was not dependent on single crowd (BR is totally dependent on ITGs working solely at Hinjewadi) yet MP city it is taking more than 10 years to complete. Even now MP City is cheaper than BR despite being complete in terms of infra.
    Ofcourse, Paranjape does have backing of Vilasrao, but winning elections is different than selling flats, ofcourse, if buyers don't act as voters now:p.
    CommentQuote
  • 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).
    CommentQuote
  • Originally Posted by vikas_bhilai
    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...
    CommentQuote
  • even magarpatta is selling at lower rates.

    lot of options in pashan, baner, wakad and PS
    CommentQuote
  • FD by builders

    Why did builders start FD? What are the implications for the buyer?
    CommentQuote
  • Why do builders have FD?
    CommentQuote
  • Originally Posted by realestate diva
    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:D.
    CommentQuote
  • Originally Posted by harishkulks
    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.
    CommentQuote
  • Originally Posted by vikas_bhilai
    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.
    CommentQuote
  • Originally Posted by RAJESHP
    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.
    CommentQuote
  • Originally Posted by vikas_bhilai
    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 :D ...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 -
    CommentQuote
  • Originally Posted by harishkulks
    Sorry mate...you did not understand my point.You can live anywhere...USA/INDIA/HONOLULU :D ...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 -



    I understood your point. But it all depends on individual thinking, I felt it correct that way( will have ready house when returning back, money invested and appreciation)..
    CommentQuote