Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 6th November 2007, 14:08   #16
Team-BHP Support
 
benbsb29's Avatar
 
Join Date: Nov 2006
Location: Brisbane
Posts: 7,971
Thanked: 3,388 Times
Default

Quote:
Originally Posted by srishiva View Post
This is not their first venture. They have already given away Getz+apartment and Maruti800+apartment in Bangalore South.
Have these people taken posession of their place? Or do you personally know anyone who has bought a flat from them? These were the same people who were giving away SX4s also, right?

Quote:
Originally Posted by srishiva View Post
The property is in or near(!) Electronic City.
That can be quite misleading. Marathalli is also near EC, just that its 20 kms away.
benbsb29 is offline   Reply With Quote
Old 6th November 2007, 14:13   #17
BHPian
 
Neel's Avatar
 
Join Date: Apr 2004
Location: Bangalore
Posts: 166
Thanked: 22 Times
Default

Orange is not the developer, they are just marketing the whole thing.
Magnolia which is the developer is an old and from my experience a reliable name. I had heard about this project 4 months ago. Orange is just being aggresive with advertising and that is causing confusion.
Is it worth it? may be for a few ex-pats' and some elite who have money in excess!!
Neel is offline   Reply With Quote
Old 6th November 2007, 14:24   #18
Senior - BHPian
 
vkochar's Avatar
 
Join Date: Aug 2006
Location: Delhi / Agra / London
Posts: 2,030
Thanked: 207 Times
Default

There is a huge difference between giving an Audi and a Getz - a lot of builders here give the option of Santro's & Alto's at the time of booking - fine. If someone does not want it - they get 80 - 90 % of the car's value as further discount !! Just a small Ad Boost !!

But an Audi / villa / helicopter / sauna / private pool is just gibberish !!
vkochar is offline   Reply With Quote
Old 6th November 2007, 14:48   #19
Senior - BHPian
 
Join Date: Oct 2004
Location: Bangalore
Posts: 1,429
Thanked: 30 Times
Default

As is pointed out already, Magnolia is the builder and Orange is just the promoter. Magnolia seems to have a good name.

I saw one small "office like place" in Padmanabhanagar near my residence with an "Orange" name written. Nothing else is written apart from that. This one looked like a real estate office. For a moment, I felt like entering in and inquiring with them, but decided against it.
deepakhon is offline   Reply With Quote
Old 6th November 2007, 14:55   #20
Team-BHP Support
 
benbsb29's Avatar
 
Join Date: Nov 2006
Location: Brisbane
Posts: 7,971
Thanked: 3,388 Times
Default

Quote:
Originally Posted by vkochar View Post
But an Audi / villa / helicopter / sauna / private pool is just gibberish !!
Looks like you forgot to add the '24 X 7 Coffee shop'.
benbsb29 is offline   Reply With Quote
Old 6th November 2007, 14:57   #21
Senior - BHPian
 
vkochar's Avatar
 
Join Date: Aug 2006
Location: Delhi / Agra / London
Posts: 2,030
Thanked: 207 Times
Default

@benbsb29 - Sorry Sorry - My bad !! Sorry Orange !!
vkochar is offline   Reply With Quote
Old 6th November 2007, 15:05   #22
BHPian
 
Join Date: Oct 2007
Location: BANGALORE
Posts: 381
Thanked: 2 Times
Default

They've already giving good news. for those of you who haven't booked.......

OFFER EXTENDED FOR ONLY 24 hrs

cheesy ********
eclectix 1st is offline   Reply With Quote
Old 6th November 2007, 15:14   #23
Senior - BHPian
 
kaushik_s's Avatar
 
Join Date: Sep 2006
Location: Bangalore
Posts: 1,061
Thanked: 147 Times
Default

Orange is just a marketing company, they take up different projects from different builders and market them with different ideas.I've been to the GR Lavender project to see what's the catch and found that the property is quite overpriced for that area.This one they have advertised as no need to pay the EMI till the apartments are ready to move in i.e 18 months approx. But they were quoting 3k per sq.ft and the location was around 3km from L&T south city.All I can found is that it is not worth investing so much for that property.I think it'll be similar in this case also.All these Getz/Audi/18 months EMI free etc are different marketing strategies to sell a property with Sky-high price.And believe it or not people so easily got fooled also and all the apartments(on GR Lavender) were booked by now AFAIK.
kaushik_s is online now   Reply With Quote
Old 6th November 2007, 15:22   #24
BHPian
 
Join Date: Feb 2006
Location: Bangalore
Posts: 85
Thanked: Once
Default

AFAIK they are quoting 2.8 CR for a 3000 SQFt villa(starting range). ie close to INR 10000 per SQFt. Even taking into consideration the building also the price is way too high for Electronics City. No wonder they can give an Audi free.

Deepu
deepug is offline   Reply With Quote
Old 9th November 2007, 13:48   #25
BHPian
 
wolfinstein's Avatar
 
Join Date: Feb 2006
Location: New Delhi
Posts: 994
Thanked: 14 Times
Default

. biz is the domain for Business companies. So no fraud here..!

Many realty estates in Delhi NCR are now offering somethings on the similar lines, like Fully furnished apartments/houses with private pools, Jaguar Fittings,Imported Wooden floors, Bars lounges,Home Appliances from LG or Samsung( LCD,Microwave,Fridge,Home theaters etc), Split or Central in all rooms(Daikin or Hitachi),etc etc.

So it depends on the ROI the company has planned from the sales.

In Dubai also there are such offers which give you the cars like Jaguar-But there since we look into the Compliance Laws of the Construction firms,we don't doubt them.

Maybe this is true or just another wheeler dealer, Cannot say but sure this is the trend coming into the Realty market and such offers will now come in the offerings.

Last edited by wolfinstein : 9th November 2007 at 13:51.
wolfinstein is offline   Reply With Quote
Old 29th December 2008, 11:32   #26
BHPian
 
Join Date: Apr 2007
Location: Bangalore
Posts: 39
Thanked: 3 Times
Default So what's the catch?

Rejuvenating this old thread.....
So what's the deal with the latest ad blitz offering 13 lakh Rs flats which, apparently, let's the buyer use the same facilities like spa,swimming pool, helipad,golf-course or something that will be available to those villa owners who also get a Merc free?

Does anyone know even ONE person who actually purchased something??
sidkun is offline   Reply With Quote
Old 29th December 2008, 14:01   #27
Senior - BHPian
 
DCEite's Avatar
 
Join Date: Sep 2004
Location: NCR
Posts: 3,015
Thanked: 441 Times
Default

Quote:
Originally Posted by sidkun View Post
Rejuvenating this old thread.....
So what's the deal with the latest ad blitz offering 13 lakh Rs flats which, apparently, let's the buyer use the same facilities like spa,swimming pool, helipad,golf-course or something that will be available to those villa owners who also get a Merc free?

Does anyone know even ONE person who actually purchased something??
The catch is that these are Villas are hugely overpriced. The investors and speculators who drove the real estate market to unrealistic levels have vanished from the scene. Only the genuine buyers are left. And not everyone in this country earns 3Lacs in hand salary per month, which all the real estate builders target. The real estate people have built their own grave, because of Greed. And they fully deserve to get buried in that grave, since for them, greed is more important than providing affordable housing to the common man. Rest assured, even with the Mercedes on offer, their profit margin is still >50%.
These people are actually worst than terrorists.

Last edited by DCEite : 29th December 2008 at 14:04.
DCEite is offline   Reply With Quote
Old 29th December 2008, 14:23   #28
BHPian
 
Join Date: Apr 2007
Location: Bangalore
Posts: 39
Thanked: 3 Times
Default

The villas may be overpriced, yes. But what I'm trying to understand is the 13.6 lakhs flats. That too, apparently, with those amenities.
Or is it because it is in Devanahalli (the same place where land rates apparently grew manifold over one year) and one would probably need a helicopter to get to anywhere near one's workplace?
sidkun is offline   Reply With Quote
Old 29th December 2008, 14:27   #29
BHPian
 
Join Date: Apr 2006
Location: Panjim, Goa
Posts: 362
Thanked: 156 Times
Default

Quote:
Originally Posted by madan80 View Post
No. the scary part as has been pointed out - they dont even have a .com site. its a .biz. why?
Simple. Because orangeproperties.com was not available. It was registered in 2004 by someone else.

I'm not trying to defend this builder, even I find this deal a bit shady but just trying to explain why they don't have a .com extension.
Astleviz is offline   Reply With Quote
Old 29th December 2008, 14:32   #30
Senior - BHPian
 
Spitfire's Avatar
 
Join Date: Jul 2006
Location: Panaji - Goa/Bangalore - Karnataka
Posts: 3,240
Thanked: 600 Times
Default

One of my colleagues called them up and asked what model of Mercedes. They will get back to him
Spitfire is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
A Competent experience: Do 3 free services, get 4th free - Now honored! phamilyman Indian Car Dealerships 17 18th July 2009 19:27
Buy an Aston Martin get a Mercedes SLK Free! Brabus E V12 The International Automotive Scene 8 27th October 2008 23:48
Concorso d'Eleganza Villa d'Este 2008 Concept Cars Brabus E V12 The International Automotive Scene 4 13th June 2008 10:24
buy 1 get 1 free - supercross / motocross bike (IVI) Shifting gears 9 7th January 2008 18:07


All times are GMT +5.5. The time now is 00:37.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks