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 baruch

    ultimately jobs drive the growth in an area not residential towers


    bravo !
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  • When I bought the 1800+ sft 3 BHK in Dec 2011, I negotiated for couple of weeks and got a discount of 250 psf. for 24th floor in T9

    Originally Posted by Superduper
    In my experience they do not negotiate anything.

    Honestly, I don't consider that to be a bad policy.
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  • Well said.

    A lot of porperty owners have a similar view. Giving on rent to a group of individials will screw up a beautiful house of such configuration. While buying the flat I had a similar view that being close to Mumbai, it can be used as holiday home....

    Originally Posted by simsagar
    Agree with your views and wish to add few points.
    In recent past, it has been observed that renting-out works out against the expected goals - girls or boys usually are least bothered abt the place rented out to them and behave carelessly - they sub-rent the place and make some extra cash in the bargain.

    Also, quite a few suicides happen out of frustration and then no one seems to be intersted in renting such a"suicidal" place anymore..

    it's better to keep vacant or use as holiday home rather than rent-out and get lured by the rental yield etc..

    these are my personal views and ppl can differ....

    cheers!!
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  • Originally Posted by VIJAY RANJAN
    24th floor in T9


    Nice to know that you are in tower 9.
    I am in tower 10's 20th floor.
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  • FYI...more private investment in Hunjewadi.
    This one is in phase 3....i guess since phase 1 and 2 are already full.

    Fulcrum to Invest $30 million in Hinjewadi - The Economic Times
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  • Seems some misunderstood what I tried to say. What some people have said about distance & all is good only if they stay in flat without anyone else & work at Hinjewadi. If you are working in Hinjewadi, your wife, if working, works in city or other side of the city & if you have parents who tend to socialise, I don't think any township in Hinjewadi offers anything to them.

    I per se would also not like to stay amongst neighbors who all are ITGs & work either in ph1,2 or 3 in H'wadi. I prefer a mix crowd, working in different fields, be it docs, lawyers, CAs, management guys, businessmen etc. & these surely won't be spotted in Hinjewadi atleast for now.

    If your life revolved in & around H'wadi & can do without socialising, H'wadi is good, else better to buy where social infra is present.

    And when I meant by satellite city, it didn't mean not to buy till then. It was out of context that townships alone won't sort anything as in the end, they will rely on PMC/PCMC for area outside their campus.

    Btw, has fire-brigade at BR started ? If yes, how many floors it's ladders support upto ?
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  • I think one of the important facts that most of these so called townships become hostages to the local corporators or other elements with high nuiscuene value for their common needs. E.g. Milk, broadband, newspaper, etc. everyone wants a piece of the pie!
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  • Originally Posted by realacres

    else better to buy where social infra is present.



    BR is obviously "out there" for current residents of Pune who have nothing to do with the IT park.

    For those of us who are not current Pune residents but will move into the area in future, BR will be the starting point of social infrastructure.

    Townships are like seeds.
    They have long incubation period before they are completed, populated and matured.
    Any end-user who buys a place in BR knows it.

    Social infrastructure ALWAYS follows population and money.

    By endlessly repeating that "at this point Hinjewadi doesn't have any social infra" .....nothing is achieved.
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  • Originally Posted by realacres
    I prefer a mix crowd, working in different fields, be it docs, lawyers, CAs, management guys, businessmen etc. & these surely won't be spotted in Hinjewadi atleast for now.


    This was my fear too !

    But when I came to know some of the people who are already living there or have booked for future end-use....only thing I can say is........ future fellow BR residents will be delighted to see the extent of diversity in professions, languages and nationalities.
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  • Originally Posted by Superduper

    By endlessly repeating that "at this point Hinjewadi doesn't have any social infra" .....nothing is achieved.


    Once BR becomes functional enough (in 16-20 months), it will not need any social infra of Hinjewadi or any xyzWadi. It will have a great and sustainable social infra of its own.

    Look at people living in Magarpatta city. What social infra of Hadapsar or Kondhwa or any nearby areas they need ? they have arguably the best social/natural/working/residential/commercial etc infra as compared to any place in Pune.. think about it !!
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  • Originally Posted by PointOfView
    Once BR becomes functional enough (in 16-20 months), it will not need any social infra of Hinjewadi or any xyzWadi. It will have a great and sustainable social infra of its own.

    Look at people living in Magarpatta city. What social infra of Hadapsar or Kondhwa or any nearby areas they need ? they have arguably the best social/natural/working/residential/commercial etc infra as compared to any place in Pune.. think about it !!

    --------------

    I guess the Blue ridge guy is one of the biggest defaulters and there is no chance of any IT companies setting shops there. They have already moved out. People who bought properties there seem to be cursing themselves - they cant use , they cant sell, they cant rent. But they keep paying EMI.
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  • Originally Posted by realacres


    Btw, has fire-brigade at BR started ? If yes, how many floors it's ladders support upto ?


    You know, Blue Ridge towers are so damn hot ;) that they are almost always on fire.
    Fire Brigade just gives up. :D and joins the party !
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  • Originally Posted by dubyaskin

    I guess the Blue ridge guy is one of the biggest defaulters and there is no chance of any IT companies setting shops there.


    I am not sure if this post was meant for Pune forum .. you sure ??
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  • Originally Posted by PointOfView
    I am not sure if this post was meant for Pune forum .. you sure ??


    Yes indeed it is meant for Pune. My colleague booked in 2006/7 for around 3 K / sqft. After 5 years in 2012 , I guess there is not much change , I mean vis-a-vis other places. Partly because ever one had bet heavily on IT companies to create big splash there. But IT industry is steadily going down each quarter ( though no one wants to admit it).

    Also because the commercial space sales are a big disaster there. Not just in Pune but everywhere in India. Even cities like Mumbai. I happened to chance upon this article. Have a look.

    Builders waive office space rentals, a la malls - Money - DNA

    This is not because of oversupply. It is simply because the rates are super inflated. if the prices come to normal levels, keeping in line with the household earnings, there is lot of demand. But I guess they will never come down to that level.

    So in my opinion, these properties will remain unsold, till the earning potential reaches the affordability levels.
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  • Originally Posted by PointOfView
    Once BR becomes functional enough (in 16-20 months), it will not need any social infra of Hinjewadi or any xyzWadi. It will have a great and sustainable social infra of its own.

    Look at people living in Magarpatta city. What social infra of Hadapsar or Kondhwa or any nearby areas they need ? they have arguably the best social/natural/working/residential/commercial etc infra as compared to any place in Pune.. think about it !!


    So lets take this:
    2 + 1 or 2 - This implies one or both (if both are working) are working in BR SEZ and kid(s) going to BR school.

    2 + 2 + 1 or 2 - Parents either retired or working inside BR, Couple (one or both) working in BR SEZ and kid(s) going to BR school.

    In either case, all friends, other family members/relatives living inside BR SEZ.

    Is that the meaning of not requiring any outside infra (social or physical) ?

    On the famous pune re blog, there was a couple from BR quoted - Husband working in HJ and wife working in Kothrud

    Moment one works out of BR SEZ, it does not remain walk to work either. In Magarpatta, work areas are in the center of the township (this is not to praise or criticize it but just because you mentioned it). In HJ, it is 3 phases spread out quite wide with huge distance to cover.

    I would rather think and wish better overall HJ for those who work out of there (need not live there) than bank on some scheme to make my life better.
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