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 suamuni
    slightly off topic--I have booked 5BHK and paid nearly 50%-----how much money one will loose if one were to cancel booking--I have not done registration as yet..I am just wondering-- I do not want to cancel as yet...but I find the BR team extremely unhelpful--most builders are unhelpful anyways....they don't have any customer service...bit disappointed...thanks


    Sorry to hear that.
    Others may know about cancellation part.

    But wondering how come you have paid 50% without having a registration in place ?? Builder asked for it or you opted for it ? Or did it happen just like that ?
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  • Originally Posted by pune_friend
    Sorry to hear that.
    Others may know about cancellation part.

    But wondering how come you have paid 50% without having a registration in place ?? Builder asked for it or you opted for it ? Or did it happen just like that ?


    I have received an allotment letter..as I am not going to take any home loan to fund the purchase the builder is ok with it.I will get the reg don in april ..I am not canceling the booking--don't worry
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  • Originally Posted by mit_mi
    I do not wish to bring down the investors who had invested early in the project looking at the plans at that time. It made sense. Now BR looks like another example of builders greed screwing up buyer's dream and squeezing out his hard earned money.



    I think this is not builder's greed. It is yet another example of
    - when things do not work out as expected in terms of sales and brainwashing of buyers
    - incorrect timing (2007 recession began) and hefty pricing
    - time taken for sales to happen and cash flow issues due to same

    When these happen, Builders just change what you thought you bought. Both inside flat and the whole concept/layout/open areas/amenities etc. Most of these are permanent things and can not be changed by individual.

    Having an all-residential feel inside the society area is quite different from having something commercial that you do not own and use - even if you can see it

    There may be hundreds who bought at the price asked. They are biggest losers as they paid what was asked for but did not get what they bought in return :(

    While an investor may only worry if he still can make the profit he wanted by the time he is compelled to sell, end buyer is at biggest loss.
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  • Originally Posted by pune_friend

    When these happen, Builders just change what you thought you bought. Both inside flat and the whole concept/layout/open areas/amenities etc. Most of these are permanent things and can not be changed by individual.

    There may be hundreds who bought at the price asked. They are biggest losers as they paid what was asked for but did not get what they bought in return :(
    .


    I also booked when there was going to be all houses in the center.

    I certainly don't mind change for better !
    I am sorry but the changes in the plan since my booking are very positive as I see my world.

    May be I am from a different planet.....;)
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  • Originally Posted by suamuni
    slightly off topic--I have booked 5BHK and paid nearly 50%-----how much money one will loose if one were to cancel booking--I have not done registration as yet..I am just wondering-- I do not want to cancel as yet...but I find the BR team extremely unhelpful--most builders are unhelpful anyways....they don't have any customer service...bit disappointed...thanks


    I suggest that you personally go and talk to the concerned sales person & you should get a better service. I typically deal with them over the phone or personally.

    Also on a separate note, if you are unhappy or have unresolved issues, you can take an appointment of the COO Aditi Watve too. I know people have done that. I'm not saying that it will make things easier for you but it is important to let the boss know if you are not getting good service.
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  • Originally Posted by pnq2012
    I suggest that you personally go and talk to the concerned sales person & you should get a better service. I typically deal with them over the phone or personally.

    Also on a separate note, if you are unhappy or have unresolved issues, you can take an appointment of the COO Aditi Watve too. I know people have done that. I'm not saying that it will make things easier for you but it is important to let the boss know if you are not getting good service.


    thanks for suggestions--can you pm me Aditi Watve's email id/tel. no. please..I will meet her personally when I am there..thanks again
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  • Originally Posted by pune_friend
    There may be hundreds who bought at the price asked. They are biggest losers as they paid what was asked for but did not get what they bought in return :(

    QUOTE]

    Lets think about it differently

    Those so called losers (who bought at 2800 when center area was not a GC) are sitting on huge profits...they can sell and pretty much buy "much better builders" elsewhere

    BR wasnt picking up initially till they came up with GC....you see the initial pages of this thraed to verify this point

    Its only after GC came up ...prices shot up...I have mentioned it in early posts too that I had discarded this project in 2009 2800 but bought last year on day-1 when new GC facing twoers were launched ( knowing well that prices were increased from 4600 to 5300 in one single shot)...in fact that is why the stagnation in prices in last 6-7 months...only 100 odd rs increase

    Now all those who are entering at higher rates( either fresh or resale) are entering at increased rates...but confirmation of a better lay-out

    There must be sth in the wisdom of hundreds( if not thousands) that they were not buying it at 2800-3500 and are now buying at 5100-5400 in two years after this so called cheating of GC is done by builder

    For me ( as mentioned by Superduper too)...GC and improved lay-out + no execution risk now was one big reason for this big ticket purchase

    I have evaluated Life Republic row houses too before buying BR...but I still see some execution risk for that twonship...may be I will pay double the prices for same row house few years down the line...but then Im fine with it...as someone says....less risk means less gainsThere may be hundreds who bought at the price asked. They are biggest losers as they paid what was asked for but did not get what they bought in return :(

    QUOTE]

    Lets think about it differently

    Those so called losers (who bought at 2800 when center area was not a GC) are sitting on huge profits...they can sell and pretty much buy "much better builders" elsewhere

    BR wasnt picking up initially till they came up with GC....you see the initial pages of this thraed to verify this point

    Its only after GC came up ...prices shot up...I have mentioned it in early posts too that I had discarded this project in 2009 2800 but bought last year on day-1 when new GC facing twoers were launched ( knowing well that prices were increased from 4600 to 5300 in one single shot)...in fact that is why the stagnation in prices in last 6-7 months...only 100 odd rs increase

    Now all those who are entering at higher rates( either fresh or resale) are entering at increased rates...but confirmation of a better lay-out

    There must be sth in the wisdom of hundreds( if not thousands) that they were not buying it at 2800-3500 and are now buying at 5100-5400 in two years after this so called cheating of GC is done by builder

    For me ( as mentioned by Superduper too)...GC and improved lay-out + no execution risk now was one big reason for this big ticket purchase

    I have evaluated Life Republic row houses too before buying BR...but I still see some execution risk for that twonship...may be I will pay double the prices for same row house few years down the line...but then Im fine with it...as someone says....less risk means less gains
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  • Originally Posted by Baruch
    Now all those who are entering at higher rates( either fresh or resale) are entering at increased rates...but confirmation of a better lay-out

    There must be sth in the wisdom of hundreds( if not thousands) that they were not buying it at 2800-3500 and are now buying at 5100-5400 in two years after this so called cheating of GC is done by builder



    A joke, if guys here don't mind....

    When stock price of company was $10, I loaded up on the stock.
    6 months later price went to $22.
    The broker habitually told me “ There is even more value in the stock now than before !”.
    I said “ I know I should have waited !”
    :-)
    :-)
    :-)
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  • Originally Posted by Superduper
    A joke, if guys here don't mind....

    When stock price of company was $10, I loaded up on the stock.
    6 months later price went to $22.
    The broker habitually told me “ There is even more value in the stock now than before !”.
    I said “ I know I should have waited !”
    :-)
    :-)
    :-)


    I got the joke...

    at the same if you are a regular investor...you will realize that it is often prudent to wait for upper leveles

    Stocks go down for a reason...at $ 10...there must have been so many uncertainities/ anticipated bad news....at @22 you are much safe if those news are cleared

    Im not saying higher always means better value...its just does sometime though
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  • Originally Posted by Baruch
    I got the joke...

    at the same if you are a regular investor...you will realize that it is often prudent to wait for upper leveles

    Stocks go down for a reason...at $ 10...there must have been so many uncertainities/ anticipated bad news....at @22 you are much safe if those news are cleared

    Im not saying higher always means better value...its just does sometime though


    You are right Sir..:-)
    I also did not get in during 2009's depressed maket....just an FYI.
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  • Originally Posted by suamuni
    II am not canceling the booking--don't worry


    Sigh of relief....:-)
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  • I visited the site last week, it seems some sort of commercials / shops are getting ready on GF in B1/2/3 Towers (compact homes)... anyone has any idea what they are?
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  • ok folks .. called up Blue ridge, got following clarifications:
    - Except for Golf course, all amenities are included. Golf course is about 2.5L for 10years non transferable.
    - There is about 4L extra on top of the rate (infra and parking charges)
    - Only 1 parking per flat, extra parking will only be given at time of possession.
    - They've booked about 250 flats out of 500 in the latest towers (20-23)... i saw the availability sheets in detail. 2 bhks are mostly 80+L and 3 bhks are 1cr+.
    - Floor rise of Rs 25. Absolutely no scope for negotiation. The sales folks have no authority on that, and they won't even let you meet some one with authority. It's a take it or leave it attitude.
    - Promised possession for these new towers is Dec 2015.
    - New towers (15-19) will be launched in about 6 months and 1 new 1 bhk building will be launched in about a month.
    - Saw good crowds on Saturday.
    - Maintenance of 3 rs / sq ft / month .. 2 yrs. .. is due at possession
    - They too are using the same trick - slabs are all done for earlier towers .. so 90% of the payment is received for the towers 9 to 14 ... and possessions are still far away. So they get to use your money interest free for that time.
    - River view flats also have a very beautiful view, and especially for the 3 bhk, they have part golf course view too. The marina is developing quite nicely, and in next 2-3 years, it will be really beautiful.
    - None of the flats are really vastu compliant, and it seems as if they don't care about it. Some of the flats structure is really ridiculous ... living room at the end of the flat and bedrooms and kitchens at entrance !!
    - They are probably due for another (sigh) price increase.... :-(
    - I see no way these prices will ever come down, unless something drastically goes wrong, and even in that scenario, they already have enough bookings to sustain for next 3-4 years. Compounding at a rate of even a modest 10% annually from the current rates of 5500 goes to 8k+ in 3-4 years - which is really ridiculous price - but I said the same when I had heard the price of 3k ... so what do I know !
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  • Originally Posted by rendezvous
    - They've booked about 250 flats out of 500 in the latest towers (20-23)... i saw the availability sheets in detail. 2 bhks are mostly 80+L and 3 bhks are 1cr+.
    !


    5 units per floor * 30 floors *2 towers = 300 total flats.

    Are they putting more units per floor ?
    If so, how many lifts are they putting ?
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  • Originally Posted by Superduper
    5 units per floor * 30 floors *2 towers = 300 total flats.

    Are they putting more units per floor ?
    If so, how many lifts are they putting ?


    Towers 20-23...
    4 units per floor X 30 floors X 4 towers = 480.

    3 high speed lifts per tower.
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