ankjet

Dear all,

While searching for a property I came across gillco village plots.. 150 sq. yard look fine to my budget. Just want to know something about gillco and the location. Also please comment on its future prespective

Thanks and Regards
AnkJet

jatinderchd

I think you are talking about Sector 115? Gillco is best of the lot and very reliable builder. I think the rate in 115 should be 19-20K?

ankjet

HI Jatinderchd,

Thanks for your reply.. The rate they are quoting is 20900 which is negotiable. How much do u think I should negotiate. Also what about the the location of gillco 115?

One more thing is that is better to invest in sunny enclave or if there other options available the please suggest

Thanks and Regards
AnkJet

jatinderchd

The original allotment happened at 18K psy. I am sure that you can easily negotiate it upto 19K psy in open market.

ankjet

HI jatinder,

Thanks for your reply.. So u mean to say I should be able to get a plot in gillco for about 19K psy.

DO u think its a good rate for the area. I mean is the area good?
Also please suggest if sunny enclave is better?

Regards
AnkJet

ruchika1

i had bought a plot at gillco valley in 2006-2007 for 6000 rs per sq yard and sold for 9700 rs per sq yard 1.5-2 years back with great difficulty as no broker had any buyer. got real buyer with lots of difficulty at that time.
this sector 115 is new gillco, am talking abt sector 124 which is already developed and registries possible.
the whole point y i sold off is that their is huge land bank in mohali but not many end users. families staying in chandigarh/mohali buy 5-6 properties just for investment, people sitting in delhi invest there but the point being that with so much land bank (150 sectors now), where r end users n where will they get them frm ?
its better to invest in NCR area where rates r same or even less than in vicinity of main mohali/chandigarh.. delhi has job opportunities and is also the capital of india.. n with almost same rates is definately 100 times better than an investment in mohali

ankjet

Hi Ruchika,

I live in delhi now a days and living here since I have done my engineering. Believe me there is no palce in delhi where u will get a plot in a good society in less than 20K.. DO u have any area please suggest me. NOIDA is full of trash projects and is a thid class area. So is gurgaon and faridbad. The good sectors are out of reach. Only areas under 20K are the ones which are ones like in greater NOIDA which are 30-40 KM away. Mohali is an investment keeping future in the mind. I am sure chandigarh and tricity area will grow o matter what..

Average rates in society like Gillco in NOIDA are 50k psqy.
In Gurgaon - 70-80 SQY
Delhi - no use to buy as those narrow streets are not worth living.

Today u can get a 150 sqyard plot in mohali in gillco for 30 lakhs approx. Where in NCR u can get ?


Thanks and Regards
ANkJET

ankjet

Also ruchika g

Can you suggest me some plots in NOIDA/Gurgaon area where rate is less than 20k PSqY? I will be glad to know. If yes I would definitely buy

As far as Gurgaon is concerned its beyond reach for a common man.

As far as NOIDA is concerned it also has huge land bank including greater NOIDA. and NOIDA is ruled by the cheappest developers like amarpali and supertech. Just see the number of flats are in NOIDA regeion. At present the number of under construction flats would be about 4-5 lakhs in NOIDA/GN region. Where are the jobs?

NOIDA including expressway is it self bigger than whole tricity.

Regards
ANkJet

ankjet

I dont know if I have the right idea.. but at present the rate in 124 gillco is about 35-40 K as per the broker and is about 20K in the new gillco 115 sector which is just opp.

Regards
ANkJet