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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  • I guess all buyers are aware ( were made aware by BR)...so no need to extend your assumptions too far...in fact that was one of the main reason for me putting extra money for BR ( as LR/ Megapolis etc dont have much clarity on source of water) ...most of d IT companies in Hinjewadi rely on tankers...so BR getting water from river is a big plus

    Man, I didn't knew that Megapolis didn't have the permission, especially when builder is Avinash Bhosle having close links to Ajit Pawar. Logically, Megapolis should get more water than entire Hinjewadi combined :D.

    I recently visited BR and checked out the completed towers. I noticed that the elevators are too small. I really doubt if some of my furniture will even fit into those elevators. Is stairs the only other option to take the furniture up to your apt? What if one's apt is on 25th floor?

    What is the make ? In Megapolis I think it is Hyundai. And small is bad man, especially when no. of persons will be more as it is high rise.
    For furniture, the builder has not installed service/stretcher lift ?? Strange.
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  • Originally Posted by realacres
    For furniture, the builder has not installed service/stretcher lift ?? Strange.


    There is a much larger service elevator in every building at BR.
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  • Originally Posted by suamuni
    Hello Superduper,
    so when did you buy your flat at what rate?
    did the builder say anything about possession date?
    can you tell me how to send pm to a member?
    thanks


    I booked less than 2 years ago for Rs. 4200 PSF.
    Possession not before end of 2013.

    How much did you pay ?

    I guess before a new member is allowed to use PM, s/he has to publish some minimum number of posts.
    So start posting...so we can connect !
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  • The scheme was launched way back in 2008 and is still getting completed :) good example of how buyers are cheated by builders. If you calculate the interest you have paid on the amount you paid to builder, you will come to know how much extra you have paid and calculate it with the price that has gone up.. you will be still in loss.

    With the delayed possession like this scheme, there is big question mark on big projects like blue ridge or similar ones.
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  • Originally Posted by vision2012
    The scheme was launched way back in 2008 and is still getting completed :) good example of how buyers are cheated by builders. If you calculate the interest you have paid on the amount you paid to builder, you will come to know how much extra you have paid and calculate it with the price that has gone up.. you will be still in loss.

    With the delayed possession like this scheme, there is big question mark on big projects like blue ridge or similar ones.


    If we calculate as you have suggested, you are right, you may find somebody who may have lost some potential interest-income.

    But in real life you get to lock-in the rate and make small payments over life of the construction, so the interest-loss burden is substantially lower than how you looked at it above.
    In fact, I have only seen the rate go up since I booked, to the extent that the on-paper interest-loss is far lower than the on-paper profit.
    That's why these premier under-construction projects (such as BR) have fair investor demand.

    As the invariable delay goes in these mega projects.....there happens to be none in my case....we are almost 2 years later and my building is scheduled to be completed as I was told at the time of booking.

    My fellow future BR residents will realize that potential start-up issues (if any) will look trivial on paper after long-term ownership.
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  • Originally Posted by Superduper
    I booked less than 2 years ago for Rs. 4200 PSF.
    Possession not before end of 2013.

    How much did you pay ?

    I guess before a new member is allowed to use PM, s/he has to publish some minimum number of posts.
    So start posting...so we can connect !


    I paid 5500psf-its on 21st floor-5bhk
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  • Originally Posted by suamuni
    I paid 5500psf-its on 21st floor-5bhk


    Oh good, you will be right above me !
    I am on 20th floor 5BHK.
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  • 5500 is way too much i believe
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  • Does anyone know what all does the maintenance charges cover? I'm assuming that it covers security, backup power, water supply (WTP), garbage disposal and maintenance, general maintenance of the property.

    What about swimming pool, gymnasium, boat club, other sports activities, library?

    I know that the golf club requires membership.
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  • Originally Posted by sheelprasad
    5500 is way too much i believe

    why do you think so? whats the right price in your opinion?
    it is much cheaper compare to Thane/Navi mumbai-the rates are double
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  • Originally Posted by Superduper
    Oh good, you will be right above me !
    I am on 20th floor 5BHK.

    gr8- did the builder say to you will get possession definitely by end of 2013?
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  • Originally Posted by suamuni
    gr8- did the builder say to you will get possession definitely by end of 2013?


    Yes... tentatively.
    But consider +6 months within range.

    I think we should talk more using PM and email etc..
    After some more posts, try sending me PM, so that we can exchange email addresses and get in touch.
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  • wow 5 bedroom flat on 20th-21st floor...
    even writing such things is giving me a mouthwatering feeling...
    you can't ask for better home to live in...
    just like i cant ask for better food that having butter chicken/jeera rice/naan...
    congratulations to you guys who own such flats...
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  • Originally Posted by suamuni
    why do you think so? whats the right price in your opinion?
    it is much cheaper compare to Thane/Navi mumbai-the rates are double


    wow, what a comparison?!!
    Do you think Hinjewadi has same infra/facilities like Thane/Navi Mumbai?
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  • Uncle Ji,
    You are right..
    If one considers some project around Mumbai and Blue Ridge to be an fundamentally different(like most people do), comparing them is a futile exersice.

    But if we step back and take a look at them from a distance...and see both of them in the same light...we find.....
    In Mumbai-area projects "the law of diminishing return" hits really hard.
    In Mumbai-area the product is for 4 times the price and is usually of 1/4th the quality (and Sq-feet) as compared to Blue Ridge.
    I am talking about quality of neighborhood, school, planned-amenities, traffic, noise, pollution, cost of living, weather ....and so on and on.

    Again I repeat my first sentence.
    If one considers some project around Mumbai and Blue Ridge to be different like India and USA are, there is no point in comparing them.
    They both bring different strengths and weaknesses on the table.
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