Propsearcher

Hi,

Want to invest for 6mths using a personal loan/ Home loan in DLF new town Heights/ Crescent Parc etc. I want to exit in 3-6 months (by paying around 2 initial installments of 10% each) and make a profit on the same.

Am i being too bullish about sector 92 or am putting my money at stake with no expected appreciation in 6 months?

Need urgent advise as i have applied for a PL.

vinaybhatia

3-6 months is very less time in RE market for investment. It would still make some sense if you buy something in pre-launch scheme and then sell it at regular price ( or slightly less than that).

Propsearcher

Thanks for ur revert Vinay !

Can u pls share what would be Normal/Current Per sqft rate going on in sec 92 and what would be a Good buy rate in CLP in these times so as to get an appreciation in 6 months or so?

Thanks !

vinaybhatia

I don't have idea about the current rate in Sec 92. Check with few brokers and get the real feel.

Propsearcher

Dear Members Seek your advice on the prospects of Sec 92 Gurgaon for investing for 6 months or so? Pls advise.

Venkytalks

Timing is bad.

If you had done this 6 months ago in Sohna road, you would have got on 3L booking amount, about 5-6L Rs return i.e. doubled your money in 6 months.

Rates in Manesar are still low around 2400-2600. Can one can anticipate a similar thing happening in Manesar?

I dont think so. Manesar is not Sohna Road. It has still not got the same aura as Sohna Road.

But I could be wrong - this might be the opportunity of a lifetime.

This is a speculation where own money is preferable over personal loan, because the speculation can backfire and it may become necessary to exit at the same price as purchase. Since the amount is small (3L), but possibility of big return is there, and at the same time one need not anticipate sale at a big loss since at least booking amount should return, it is a good speculation.

I would prefer DLF.

Crescent Park has a down market branding for cheap flats. More chances of big appreciation in DLF. Or even in Sohna Road itself (Tulip Purple?)

On a personal loan, exiting at same price after 6 months for 3L investment will entail some 30,000 loss. If you dont have even 3L and have to borrow it, how can you bear a 30,000 loss?

Home loan will not cover the initial 15% which is basically the entire amount you want to invest.

__________________
Venky

agarmagar

Dear Venky ,

I am impressed with your replies on the forum . I need your advise as I wish to invest ( Budget 40L to 50 L to be paid in installments in next 3 years ) in pre-launch project in Gurgaon . Please suggest me best upcoming project in Gurgaon . Builder should have good track record & rate of return is next main criteriaas I would like to exit if there is good return in short term with last option to keep it till possession ..


Thanks

Propsearcher

Thanks for an insightful reply Venky.

Any idea about Parkwood , I have head they are coming up with a project in Sec 92 Rs 2200 Psf. The rates of other builders like DLf etc are 2400 PSF.

Will it make sense knowing that it is a realtively unknown & new builder (hence cheaper launch) with only 1 other project launched in GGN & (1 in Mohali), Parkwood Meadows which has got good appreciation because of its location on/ near Sohna Road.

Any chance to cash in on this opportunity?

Venkytalks

My Rating in Manesar

1. DLF New Town height
2. Emaar Palm hill
3. Orris carnation
4. Mapsko Paradise

Rest I dont like, including Crescent Park, Royal Green, Raheja

Sohna Rd/Golf extn.

1. Emaar Palm Terrace
2. Unitech Sunbreeze
3. Tulip purple

Rest I dont like, including CHD

Dwarka Expressway

1. Edge tower

Rest I dont like, including Raheja

Venkytalks

2009 and early 2010 the big builders were out and small builders sold their projects.

Late 2010 and 2011 the big builders are back in action. I would stay with big names only.