Spiretec in GreaterNoida-Seems good for investors - Page 3 - Indian Real Estate Forum

himkat · 27-08-10

The rate is 4800psft. There is an inaugural discount of 5%. You will get a further discount from the broker of around 5%. You may try Tushar Tomar on 9810331673. He is pretty good.

skohli · 27-08-10

Hi, I am a new member to this community. I was also looking forward to spire tec greater noida. But somehow i am not getting a good feeling about the authenticity of the payments. So has anyone bought in spire tech and started getting Cheques from them or what. Also discuss how is the 11% return scheme as in it we have to just pay 50% earlier and 25% later 2 times after 1-2 years.

Munish Malhautra · 28-08-10

I know a couple of people who ahve booked in Spire edge in Manesar and are getting AR cheques.
AR is risky hence u need to do a lot of R&D. Once u r thru and satisfied then it makes sense. basically u start getting rent from day 1.

This mode of investment is working best for cash rich people like politicians, investors and RE bulls

For end users as i said a lot of R&D is needed.
I have taken one commercial property on AR myself after doing some research.

Arihant1 · 13-09-10

Quote:

Originally Posted by Munish Malhautra

.
AR is risky hence .

Kindly educate ,despite named assured how/why AR is risky?
Does builder is predecided to default ,knowing too wellsolitary Investor cannot match his muscle/money/lawyer power to fight at the courts

Else after AR period , you should be owner with rights to sell or have rent rights from the lease options ?

Munish Malhautra · 13-09-10

Quote:

Originally Posted by Arihant1

Kindly educate ,despite named assured how/why AR is risky?
Does builder is predecided to default ,knowing too wellsolitary Investor cannot match his muscle/money/lawyer power to fight at the courts

Else after AR period , you should be owner with rights to sell or have rent rights from the lease options ?

yes correct, u used the right words , muscle, money, lawyers...they have all.
u need to choose very carefully on which project because AR is like rent and if the builder is going to pay u rent, he needs to be a good one(good fianacial background, clean history etc) and not a bad one.

am sure nobody wants bad tenants

Nakul2010 · 17-12-10

Himkat,

The rate is 4800psft with inaugural discount of 5% and my broker (Gaurav 9971788555) was giving 5.5% Discount. I just bot a resi otherwise i would have surely bot this one as SPIRE is a great brand.

Cheerz

Munish Malhautra · 22-12-10

what is the current price?when is construction starting?

28-08-10	#23
Munish Malhautra Veteran Member Join Date: May 2010 Location: India Posts: 2,608 My Mood: Thanks: 2 Thanked 13 Times in 12 Posts Rep Power: 1	I know a couple of people who ahve booked in Spire edge in Manesar and are getting AR cheques. AR is risky hence u need to do a lot of R&D. Once u r thru and satisfied then it makes sense. basically u start getting rent from day 1. This mode of investment is working best for cash rich people like politicians, investors and RE bulls For end users as i said a lot of R&D is needed. I have taken one commercial property on AR myself after doing some research. __________________ MM

17-12-10	#26
Nakul2010 New Member Join Date: Dec 2010 Posts: 4 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 0	SPIRETEC Himkat, The rate is 4800psft with inaugural discount of 5% and my broker (Gaurav 9971788555) was giving 5.5% Discount. I just bot a resi otherwise i would have surely bot this one as SPIRE is a great brand. Cheerz Last edited by Nakul2010; 04-02-11 at 12:12 AM.

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27-08-10	#21
himkat Member Join Date: Mar 2010 Posts: 86 My Mood: Thanks: 5 Thanked 3 Times in 3 Posts Rep Power: 1	The rate is 4800psft. There is an inaugural discount of 5%. You will get a further discount from the broker of around 5%. You may try Tushar Tomar on 9810331673. He is pretty good.

27-08-10	#22
skohli New Member Join Date: Aug 2010 Posts: 10 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	Hi, I am a new member to this community. I was also looking forward to spire tec greater noida. But somehow i am not getting a good feeling about the authenticity of the payments. So has anyone bought in spire tech and started getting Cheques from them or what. Also discuss how is the 11% return scheme as in it we have to just pay 50% earlier and 25% later 2 times after 1-2 years.

22-12-10	#27
Munish Malhautra Veteran Member Join Date: May 2010 Location: India Posts: 2,608 My Mood: Thanks: 2 Thanked 13 Times in 12 Posts Rep Power: 1	what is the current price?when is construction starting?