tag:blogger.com,1999:blog-5269558537262232516.post4247606073718820620..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: What should be the rational property rate of Blue Ridge Hinjewadi?Ravi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger41125tag:blogger.com,1999:blog-5269558537262232516.post-69985837801346149912016-01-15T19:18:48.422+05:302016-01-15T19:18:48.422+05:30Hello Sir,
I read your blog and found its very hel...Hello Sir,<br />I read your blog and found its very helpful for first time buyers. Thanks for this blog.<br />Now i am new buyer and short listed few projects: 1. TCG hinjewadi 2bhk at 5400/sqft 1100 area. and 2. Saarthi group SkyBay Mahalunge 2bhk 920 area at 4800/sqft rate. Please let me know what negotiated price will be safe buying for my personal usage. Or any other area/projects with good price aroung 4000/sqft. Waiting for your expert advice. <br />Thanks in advance. Geet TaunkAnonymoushttps://www.blogger.com/profile/05534466456017695276noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-53435924038391471852010-09-09T14:37:00.126+05:302010-09-09T14:37:00.126+05:30Dear Mr. Karandikar,
I came across your blog whil...Dear Mr. Karandikar,<br /><br />I came across your blog while researching on BlueRidge, HInjewadi.<br /><br />We are originally from Mumbai and now settled abroad and were looking to invest in the Pune/ Mumbai. <br /><br />BR was mentioned by our friends who were looking at a long term investment oppurtunity. We have been advised that all the Duplex apts (800 sqft) have been sold and the only available ones are 1 bed (570 sqft) with a rate of Rs3500/ sqft. However the only available ones are over the 17th floor which incur additional surcharge of Rs20/sqft/flr.<br /><br />What would be your advise for us who are looking for long term investment/ potential rental income with a budget of around Rs 25 lakhs. Do you think a rate of £3700 for a 1bed at BR is realistic.<br /><br />I would be grateful for your expert advice on this matter as having stayed away from the India property scene, we are unable to decide.<br /><br />Many Thanks<br /><br />Kind Regards<br /><br />VPropertyEnthusiasthttps://www.blogger.com/profile/17423662658026770619noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-32716736596089006752010-09-09T14:28:06.295+05:302010-09-09T14:28:06.295+05:30This comment has been removed by the author.PropertyEnthusiasthttps://www.blogger.com/profile/17423662658026770619noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-30211957501637883982010-09-09T00:10:29.305+05:302010-09-09T00:10:29.305+05:30I am not sure, i just came back to Pune after 4 lo...I am not sure, i just came back to Pune after 4 long years, and in the process of making myself aware of the RE scene in Pune. <br />Why is the ask rate different for different configurations in BR?Manoj Kumar Prdhanhttps://www.blogger.com/profile/02489378601378255451noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-59178716054278379202010-09-08T17:48:29.598+05:302010-09-08T17:48:29.598+05:30Ref:"What do people think now, that the preva...Ref:"What do people think now, that the prevailing rates at BR should be?"<br /><br />-Considering the number of bookings happening today, don't you think that Pune property buyers are happy with the current property rates at Blue Ridge Hinjewadi?Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-57301628121227435192010-09-08T12:50:46.715+05:302010-09-08T12:50:46.715+05:30I just visited Pranjape Schemes's Stall in Pre...I just visited Pranjape Schemes's Stall in Premium Property Exhibition in Westin this weekend. They are quoting 3500/sqft for 1BHK flats and 4200/sqft for 1 BHK loft flat (which they are saying is a new concept, though I have to visit the site to actually believe it). Also the asking rate for a 2BHK flat is 4200/SqFt. <br />Can somebody please explain me why the difference in rate for different configuration of flats? I understood, that there could be a price gap for amenity/garden facing flats as such, but why for a 1BHK and 2BHK and for that matter a 1BHK and 1BHK loft flat?<br />They are also saying they will finish towers 1-8 by Dec 2011 and hence the possession for flats in those towers, but not sure about the completion of the entire project. <br />Also if not all basic necessities and amenities are finished the flat that you buy can only be rented out to bachelor IT professionals, coz of the distance from life there.<br />What do people think now, that the prevailing rates at BR should be? Also whats the take on 3-5 years ROI, in terms of appreciation of rate, rental, etc?Manoj Kumar Prdhanhttps://www.blogger.com/profile/02489378601378255451noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-56747235979516543212010-03-19T20:40:08.175+05:302010-03-19T20:40:08.175+05:30It is really rediculus that BlueRidge builder is a...It is really rediculus that BlueRidge builder is asking such high rates for his so called name/fame. <br /><br />Currently hinjewadi is not at all suitable for living with family. Who will give such high rate of 3500psf in this bare land, while you are getting good projects in Baner @3200psf.<br /><br />Hinjewadi will take atlest 6-7 years to develop(that too we don't know), while Baner is already developed considerably.<br /><br />If you wish to invest in Hinjewadi then be careful to invest in such high rates, since i can guarantee, there would be no appreciation of your money and property rate will be same even after years.<br /><br />In my openion in BlueRidge/Megapolis prices should not be more than 1800-2000psf that too since they are providing amenities and it is a big township.<br />Also keep in mind that there are lot of chances of failure of big townships projects, if property is not booked because of high rates.<br /><br />Prices at Hinjewadi is never going to rise much since expansion is hapenning and more good and developing area's are already present.<br /><br />Like Aundh is saturated and there is no scope of expansion. But if you see area like Wakad, Baner, Balewadi, Pimple Saudagar, Kalewadi, these are now growing since they are adjacent to Aundh. <br />But Hinjewadi is currently out of this race, as long as above said areas not developed/saturated, no one is going to come to Hinjewadi to live because a family man can not see only office, he need to see his wife's office, good school, good college, good shops and malls and many more things. <br /><br />Those who already booked at high rates are already in the grip of builder and you are gone, just see when this project will complete and how much property appreciation you get :)<br /><br />But who still did not booked just think and decide. Fearlessly talk to builder for your price, if they don't agree just walk out and look for some good projects in Wakad/ Baner/ Balewadi/ Pimple Saudagar etc.<br /><br />Jai Maharastra, Jai HindAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-45304321345693484522010-03-17T22:52:45.109+05:302010-03-17T22:52:45.109+05:30I feel Blue Ridge's pricing has influenced the...I feel Blue Ridge's pricing has influenced the rates at Megapolis just as their rates have influenced those of Air Castles. In my considered opinion, the cost of construction should be presently hovering around Rs 1200/1300. Adding a value of 15% profit, it works out at Rs 1380/1495. If the rest of the rates represents price of land, then that is much to high for the barren land of Hinjewadi. Asfor MIDC, it should be their stated goal to create an IT hub which adds to the nation's GDP through business it generates. Hence providing cheap and reasonable housing in the area would keep saleries low and keep India's IT industry more competitive. But do government servants care ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-7981654273656733542010-03-17T22:44:31.560+05:302010-03-17T22:44:31.560+05:30Mr Ravi, Your comments on the Swiss County are abs...Mr Ravi, Your comments on the Swiss County are absolutely hilarious and true. Both my wife and I had similar thoughts after a visit to the site. Compare this with the feeling of spaciousness created by AB Group in their Megapolis Hinjewadi project.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-62398928879855401342010-03-17T01:17:33.677+05:302010-03-17T01:17:33.677+05:30and the same thing applies for Megapolis Project, ...and the same thing applies for Megapolis Project, they are quoting a rate of 2800 per sq.ft., and only 3 km from BL so why is there so much difference in the rate,best thing to do is avoid these projects, and they will have to bring the rates downAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-36059051971543610422010-03-15T17:53:28.268+05:302010-03-15T17:53:28.268+05:30exactly manish is right
Manish Mexactly manish is right<br />Manish MAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-52335003162533723642010-03-13T22:20:36.695+05:302010-03-13T22:20:36.695+05:30rates at Blue ridge is way tooooo toooo higt . the...rates at Blue ridge is way tooooo toooo higt . they are quoting 3500/- shamelessly on 12th march, 2010.<br /><br />Lets not allow pune's cheaters builder lobby to loot your hard earnerd money so easily. dont book flat at BR beyond 2700/- rate.<br /><br />Rama group launched air castles at 2448/- rate. peopels had booked flat at below 2000/- before pre-launch. distance between air castles and BR is 4-5 KM in hinjwadi only. both are prestijoius group then why prices have such big difference. god knows.<br /><br />but lets not these cheaters loot your money so easily.<br /><br />Manish MAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-53692251966852697042010-03-10T01:18:29.437+05:302010-03-10T01:18:29.437+05:30Well its been now almost 3 months after the last c...Well its been now almost 3 months after the last comment, and still the picture is not clear as to the BL town ship plan for the rate of 3500 per sq.ft, quoted by the Paranjpe is the appropriate price. Also as far as the project advancement is concerned i guess only 2 towers are standing as against the 15 towers. And for the project started in 2007, and now its 2010, 2 incomplete towers is now very impressive. Any comments on these issues. Also the most important factor for every resident is who is responsible for the maintenance of all the amenities as mentioned, or will the apartment holders have to shell out later. There is a saying "haath laga par muu na laga"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-26945852233332630942009-12-25T18:03:01.840+05:302009-12-25T18:03:01.840+05:30Blue Ridge folks are quoting Rs 3500 / s ft. The s...Blue Ridge folks are quoting Rs 3500 / s ft. The sales person also mentioned there are flats available (Though not much flats, again this would be mktg gimmick). But considering the location & overall economic scenario (remember we are not still out of recession, only that feel good exists) I think 2700 /s ft mentioned by Ravi & the pre launch price is appropriate price.<br /><br />Blue Ridge would be developed in 5 Yrs (Take a buffer of 1-2 Yrs) and you are looking at 2016 /2017 as completion date of complete project. Megapolis Smart Homes are being offered at 2300 /sq ft. I would give 400 extra to Paranjpe name and Phase 1 :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-70166022458587173642009-12-07T09:46:15.739+05:302009-12-07T09:46:15.739+05:30Hi,
Does anyone know what is the current price at...Hi,<br /><br />Does anyone know what is the current price at Blueridge ? It would be very helpful if someone who has recently enquired or purchased the flat there, can post the information.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-89084286440283571462009-07-30T05:17:18.023+05:302009-07-30T05:17:18.023+05:30Hello,
Any idea what is the current price going o...Hello,<br /><br />Any idea what is the current price going on @Blue Ridge. I am doing my home work and would like to know current price/sqfeet.<br /><br />TIA,<br />MGAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-22407378583765295012009-07-10T09:09:09.504+05:302009-07-10T09:09:09.504+05:30Hi Ravi,
why is blue ridge on the agreement there...Hi Ravi,<br />why is blue ridge on the agreement there is no mention of chargable area, there is only mention of built up ad carpet area.<br />What is the chargable area? The way I look at it I had booked a flat of 3029 sq ft at Blue ridge for Rs 3000 per sq ft and the cost to me after taking away the parking and the development charges if you equates to Rs 3300 per sq ft on built up area. When I spoke to the Blue ridge guys in the office they say the 3039 sq ft is the chargable area? Is it a new trend in Pune or the builder is taking the buyer for a ride??Dheeraj Joshihttps://www.blogger.com/profile/01521343042168847525noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-28341005086363087212009-02-22T06:16:00.000+05:302009-02-22T06:16:00.000+05:30Do you mean that, to sell aminities to people , BR...Do you mean that, to sell aminities to people , BR is constructing township. Else who will go to village club ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-72609180666083917512009-02-20T20:09:00.000+05:302009-02-20T20:09:00.000+05:30Many luxuries in BR are not free for the flat hold...Many luxuries in BR are not free for the flat holders, they come at extra cost/subscription/monthly charge.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-15454586274602103232009-02-20T09:32:00.000+05:302009-02-20T09:32:00.000+05:30The objective to buy in Blue ridge is to own the a...The objective to buy in Blue ridge is to own the amenities & surrounding area by the society (the town ship residents). That is why we are ready to move into village, pay <BR/>such exorbitant rate. <BR/><BR/>We are not delighted to see some private club around the house for which I have to pay this rate & to live far away from city in a false hope that the society have so many amenities. <BR/><BR/>Instead of taking membership in Paranjape or Flagship club I will prefer a location in city near to some private club not Hinjewadi village.<BR/><BR/>Can you please clarify on the amenities ownership issue?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-64104494624137064302009-02-20T08:43:00.000+05:302009-02-20T08:43:00.000+05:30While they are struggling with Blue ridge, today t...While they are struggling with Blue ridge, today they announced Forest Trails a new township in Bhugaon.<BR/>I am not sure what would be its fate. They should first assure us of blueridge before jumping to other schemes and diverting funds to the new scheme.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-66810560730391072702009-02-19T18:25:00.000+05:302009-02-19T18:25:00.000+05:30# ref: "town ship owners OR it will remain propert...# ref: "town ship owners OR it will remain property of Paranjape"<BR/><BR/>- You mean 'flagship infrastructure'. Right? Then Rs. 1,700 per sq.ft.<BR/><BR/>- Township Owners means a co-operative society of the unit holders? Like in smaller projects. Right? Then Rs. 2,400 per sq.ft.<BR/><BR/>- Why? Because of the ownership of amenities!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-25888184280215356232009-02-19T18:08:00.000+05:302009-02-19T18:08:00.000+05:30# ref: :Do you think rate can happen like 2700 in ...# ref: :Do you think rate can happen like 2700 in near future for project like Blue ridge(I mean probablity)?"<BR/><BR/>Hello Dhaval!<BR/>Remember i posted a blog on this topic?<BR/>Won't happen. <BR/>Unless you make it happen.Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-4857980894753915692009-02-19T09:41:00.000+05:302009-02-19T09:41:00.000+05:30Thanks for your comments Ravi, As you mentioned ab...Thanks for your comments Ravi, As you mentioned about conciousness but I do not think builder like Paranjpe will go till 2500 to 2700 per square feet for blue ridge?<BR/><BR/>I have mentioned 3100 to 3000 is because they will not go beyond t hat.<BR/><BR/>Do you think rate can happen like 2700 in near future for project like Blue ridge(I mean probablity)?Dhavalhttps://www.blogger.com/profile/01100658941133380622noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-31060703494809061472009-02-19T06:54:00.000+05:302009-02-19T06:54:00.000+05:30Very very important question.Will the aminities be...Very very important question.<BR/><BR/>Will the aminities be shared among the town ship owners OR it will remain property of Paranjape? who will charge you to use it after 5 years once you will show prescence in desert. OR they will use it as private clubs like Corinthians Club.<BR/><BR/>If Town ship owner will not have any ownership on the aminities then 1700 is the max rate I will pay. If the township owners will own the aminities, my take is 2400.<BR/> <BR/><BR/>Anyway in Baner the prices will correct to 1800-2400 range.Anonymousnoreply@blogger.com