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 Samir_Pune
    Hi All ,

    I hear that the Blue Ridge Phase II is not doing well . Anyone having any updates on this scheme . What is the posession date for phase II. Hear lot of cancellations have been happening there any idea please upate .

    Thanks in advance

    Samir

    The date of completion has been delayed by atleast 2 years, amenities like Kayaking is canceled/indefinitely delayed. People who booked in 6 towers are accommodated in 3 towers! Good way to save cost of construction. The list goes on.....if everything had been well, why did paranjape come up with FD scheme? BR falls in gram panchayat & not PMC. :DTo cut long story short invest in BR if you want to donate your hard earned money to the builder.
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  • Blue Ridge

    Hi ,

    Thanks for the update . Can you please elaborate on the list of points you mentioned . Do not think things like kayaking should deter the residential project buyers . Delay in posession is of course a valid point . Being a first time buyer not able to visualise the drawbacks of Gram Panchayat . Think the prestigious projects like these should be able to take care of the basic infrastructure and related things very well , including power cuts and security .

    Rgards

    Samir
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  • Originally Posted by Samir_Pune
    Hi ,

    Thanks for the update . Can you please elaborate on the list of points you mentioned . Do not think things like kayaking should deter the residential project buyers . Delay in posession is of course a valid point . Being a first time buyer not able to visualise the drawbacks of Gram Panchayat . Think the prestigious projects like these should be able to take care of the basic infrastructure and related things very well , including power cuts and security .

    Rgards

    Samir

    Constructing only 3 towers out of 6 & forcing buyers to get accommodated in these 3 towers itself shows the true picture. BR would be nothing but full with ghost buildings, no residents. Magarpatta is 10 years old, yet going on that too having witnessed boom period. What makes you think that BR would be indeed complete soon especially when cancellations have taken place from investors & NRIs & entire RE in doldrums? I personally know 2 persons who have canceled the bookings in Oct-Nov 2008.

    Buy here if you want a house for your grandchildren.:D Stay out if you value your money. The FD scheme floated by paranjape schemes shows that liquidity crunch is severe here.
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  • currently the rates is 3500 at blue ridge and estmaited possession date is Dec 2010 for the phase I.

    The 2 bhk flat goes around 44 lakhs + plus maintainance of 25 K for first six months and then INR 2 per on the carpet area
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  • Arrogant builder -- nothing more to say about Paranjape. Most of the ppl who bought in BR, are investors seating in US, UK and will not care about the possession.
    I still doubt, even if they give possession in Dec 2010, will they have all these amenities working and basis daily need stores in Hinjewadi.
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  • Originally Posted by kirunOnly
    I still doubt, even if they give possession in Dec 2010, will they have all these amenities working and basis daily need stores in Hinjewadi.


    Yes all the basic daily needs will be there right outside Blue Ridge. Hinjewadi will be next Manhatten
    Bill Gates will try to relocate his office from USA to Hinjewadi. Blue ridge is no doubt very prestigeous
    project, Bill gates is also trying to book apartment there and builder is saying sold out.


    I could never understand why people look for apartments near Hinjewadi?? Kya hai Hinjewadi me?
    All the offices there I know make you work like pigs, leaving at 7:00PM is like a half day.
    Good only for bachelors, not good for family life at all.

    There are better companies all over pune, but none in Hinjewadi.
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  • Originally Posted by RAJESHP
    Yes all the basic daily needs will be there right outside Blue Ridge. Hinjewadi will be next Manhatten
    Bill Gates will try to relocate his office from USA to Hinjewadi. Blue ridge is no doubt very prestigeous
    project, Bill gates is also trying to book apartment there and builder is saying sold out.


    I could never understand why people look for apartments near Hinjewadi?? Kya hai Hinjewadi me?
    All the offices there I know make you work like pigs, leaving at 7:00PM is like a half day.
    Good only for bachelors, not good for family life at all.

    There are better companies all over pune, but none in Hinjewadi.


    Which are those better companies? Are you talking about companies in Kharadi? The only reason I can think of taking a house close to hinjewadi is so that I have shorter commute time and hence better work life balance, but Im sure your ideas are different. Please enlighten us with your gyan so that people will have a better work-life balance in life.
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  • home closer to office is always helpfull , if the basic facilities are available.

    I was staying in hi-tech city at Hyderabad and its max. 3 km distance for most of the companies and 10 min-15 min commuting time (during the traffic ).

    the area is well developed in terms of connectivity to all parts of Hyderabad (apart from auto's , on call taxi from at least 5 service providers available at Rs. 10 per km - 15 per km), state transport buses (normal , standard and AC - so depends how much u could shell out , although still buses are crowded), good restaurants, all grocery and other basic needs nearby.

    Only thing was u have to pay high rent. but i never regretted that due to facilities available and closer office.
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  • Don't bluff yourself by giving excuse of this traveling time. So if you buy flat you will forever stay in that area right or next 20 years till the loan closes?
    Or for that Matter part of city. As in few years it will become impossible to traverse Pune end to end.
    Hinjewadi is one end.

    Thats not true for a IT professional or any private employee ! Right ... in 4-5 years you will change company or city .... then one will sell his house here and buy a new one at new place .... again giving stamp duty registration closing loan ??
    Go to new place search for a new house to buy and meantime stay in rent....
    So this way is it not easier to stay in rented ... no risks ... very flexible ....
    Plan your RE investment where you have to settle for long time .... or maybe plan in few years when you get your priorities changed....
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  • Originally Posted by frugality
    Don't bluff yourself by giving excuse of this traveling time. So if you buy flat you will forever stay in that area right or next 20 years till the loan closes?
    Or for that Matter part of city. As in few years it will become impossible to traverse Pune end to end.
    Hinjewadi is one end.

    Thats not true for a IT professional or any private employee ! Right ... in 4-5 years you will change company or city .... then one will sell his house here and buy a new one at new place .... again giving stamp duty registration closing loan ??
    Go to new place search for a new house to buy and meantime stay in rent....
    So this way is it not easier to stay in rented ... no risks ... very flexible ....
    Plan your RE investment where you have to settle for long time .... or maybe plan in few years when you get your priorities changed....


    People buy house to settle down & they prefer Hinjewadi as there are several companies in Hinjewadi. They dont change cities to change job, they just go to another company in Hinjewadi. Staying near to office really helps in work-life balance.
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  • can't agree to this.
    People in IT change places /city more often.
    It might be your case that your workplace is same (hinjewadi) even after changing jobs but not for most people.
    Even if you are just talking about pune, there r many companies in magarpatta, viman nagar, kalyani nagar which are far away from Hinjewadi.


    Originally Posted by shirishtiwari01
    People buy house to settle down & they prefer Hinjewadi as there are several companies in Hinjewadi. They dont change cities to change job, they just go to another company in Hinjewadi. Staying near to office really helps in work-life balance.
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  • Originally Posted by aditi sharma
    can't agree to this.
    People in IT change places /city more often.
    It might be your case that your workplace is same (hinjewadi) even after changing jobs but not for most people.
    Even if you are just talking about pune, there r many companies in magarpatta, viman nagar, kalyani nagar which are far away from Hinjewadi.

    Whats the need to go to Magarpatta when u could get the job next door & this is the reason most people want to live near hinjewadi. I know there are bachelors who work in IT who work late hours, change job frequently, change cities frequently and roam around for no reason like a headless chicken(please don't take offence - this is what you do :D), spoil the IT work culture. There is absolutely no problem for them buying an appartment in manhattan for namesake.
    My phoket ki rai:D only hold true for people who want to settle down.

    Peace.
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  • Originally Posted by shirishtiwari01
    I know there are bachelors who work in IT who work late hours, change job frequently, change cities frequently and roam around for no reason like a headless chicken.

    No one will change cities for no reason. Definately they must be getting better opportunity/salary/chance to move to their native place, for e.g. Marathi people working in Hyd, if he/she gets good offer from company in Pune, they will definately try to move.

    Fail to understand why you call people changing cities as headless chicken.
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  • Originally Posted by shirishtiwari01

    My phoket ki rai:D only hold true for people who want to settle down.


    I believe it is better to buy house in your home-town or place where you want to settle after retirement or later in career.

    I find it is hassle-free to rent out near work-place as it gives me lots of choice in term of areas as well as apartments.
    My logic is simple, if I want cow-milk daily, I will buy it. Need NOT have cow at home as maintaining would be hassle.

    I guess, people buy house for status, investment, tax-saving or they feel more secured in owned-house???
    Infact decades back it was prestigious to have good number of cows and horses at home :D:D:D
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  • Originally Posted by shirishtiwari01
    Whats the need to go to Magarpatta when u could get the job next door & this is the reason most people want to live near hinjewadi.


    Sir it seems that you are lucky enough to get job in same location which you desire with all your expectations coming true.

    Originally Posted by shirishtiwari01
    I know there are bachelors who work in IT who work late hours, change job frequently, change cities frequently and roam around for no reason like a headless chicken(please don't take offence - this is what you do :D), spoil the IT work culture.


    I totally disagree with you on this. No one is happy to work late hours or change city frequently but many times its an matter of not getting right opportunity. And don't you think that binding to a place or a location hurts your Job opportunities and expectation.

    Kunal
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