himkat

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

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

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

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 ?

Munish Malhautra

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

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

what is the current price?when is construction starting?

sanaryamni

ok guys - answers to your questions:-
price - started 4300/- psf.
been getting returns from this as well as spire edge manesar.
no prior credentials of this builder - risk is yours.
terrific marketing - first of a kind idea of giving assured returns- which is followed by every builder= tom dick harry now.
idea is to sell at any cost.
how does it work for builder?
cost of land + cost of construction + escalation + profit +12% return to buyer = cost you pay ...!!
so you basically get back your own money as AR ( which also includes escalation over 6 years stupid).
at end of 6 years - you have 70% of your money back - no lease no tenant, you pay maintenace. no buyer. why would any one be a greater sucker than you..?he will pick up the next AR proerty on offer which would give him back his 70%.
bright. isn't it..?
what to do. as long as greedy people are around spire tec will be in business.

sanaryamni

what makes u say so?

sanaryamni

why should he start construction ever?
he just has to give you 70% of your own money back over 6 years. and then you are even.