3C Lotus Panache - Noida - Page 503 - Indian Real Estate Forum

ca.anurag · 26-05-11

Suave - I somewhat disagree here. What you are saying holds true for price differentiation for Lotus 300 project, as that was supposed to be kept for elite class and hence perceived luxury. To a very minor extent, this can even hold true for LB Espacia.

However, with PI towers very much within the LP project, there is no perceived or real luxury at all. Look from the psyche of those 4BHK buyers (knowing typical NCR mentality), who would rather crib that they have to share their open space, parking, common shopping outlets with those 2BHK folks, most of whom would be tenants.

Quote:

Originally Posted by suavedude

High price also denotes perceived premium / luxury. For example , Skoda Superb has similar and even some extra features as compared to Mercedes Benz C class car. But , Mercedes will lose it's 'elite tag' and it's client base if they lower prices. Island is show cased as a luxury project compared to other Panache towers.

I guess 3c is working on the psyche of prospective customers by pricing Island at 4500. Plus , they have few towers left to sell, so obviously even if last few towers are sold out a bit slowly, it hardly matters to them.

anubhaviit · 26-05-11

Quote:

Originally Posted by ca.anurag

Suave - I somewhat disagree here. What you are saying holds true for price differentiation for Lotus 300 project, as that was supposed to be kept for elite class and hence perceived luxury. To a very minor extent, this can even hold true for LB Espacia.

However, with PI towers very much within the LP project, there is no perceived or real luxury at all. Look from the psyche of those 4BHK buyers (knowing typical NCR mentality), who would rather crib that they have to share their open space, parking, common shopping outlets with those 2BHK folks, most of whom would be tenants.

Well PI has a aspirational luxury value. because it is in between high density cluster of 2-3 bhk. People living in 2-3 bhk, every day morning evening and night and look out of their window into your apartment and dear of owning a house one day in PI, They can copy your house interiors, lifestyle etc throughout the stay . therefore PI is a luxury to live in between all those apartments.

anubhaviit · 26-05-11

Quote:

Originally Posted by ca.anurag

Now this is really something interesting to know...was not aware of this.

but i have a doubt, is this situation of wind tunnel specific to climates like in Delhi/ NCR? I was in Mumbai last month in one 18 storey building, which was also standing alone with no high rise nearby. I could not notice any special air circulation in the night or any other time...Not sure if i got your context correctly.

have a trip in this 44 degree summers to IIT Delhi and stand under its main building , boys call it wind tunnel. there the temp is not more than 24-25 and cool nice breeze in normal time and it can blow u off on windy days. all because of the long high (8 floors) main building , more or less in shape of ATS (but ats is 15+ floors)

Secondly i have stayed in a building like this in China on 33 floor, and above 10th floor, every window shatters like anything for whole night. balcony are not usable unless coved with sliding glass. even then cannot stop shattering noise of window and in case you open the window wind start gushing with zuuuuuuuuuuzzzzu kind of noise for whole night. good surround sound effect for a HORROR movie without any investment

[/QUOTE]

on which floor where you in Mumbai and how many tower were there in straight line without any obstruction on front and back.

suavedude · 26-05-11

Anurag , since there is not much real difference apart from lower apartment density in Islands , 3C is trying to create a perceived difference in my view. Lotus 300 did not sell as well as Panache Island for some reason !

Also , Panache is almost a sold out and quite successful project for 3C , so they are maximizing profit in last few towers. I expect new tower launches , even for non-Island towers to be around 4500 level as well. Another factor is upcoming Sports Village project, if Panache is priced around 4500 bsp, they can look to sell Sports Village at around 4000 psf, that's the price point expected now for Sports Village inaugural tower launches as per my sources.

SBR_NOIDA · 26-05-11

i really doubt Sports village would be launched in this situation..though we all gettig the 3-5 SMS'S daily.....

3C itself is i dilemma, wht to do with this...

PS: forget the rates for sports village as 4000 psft.

ca.anurag · 26-05-11

I was staying in 15th Floor. There was no single building of this height or even upto 10th floor in nearby vicinity.

on which floor where you in Mumbai and how many tower were there in straight line without any obstruction on front and back.[/QUOTE]

anubhaviit · 26-05-11

Quote:

Originally Posted by ca.anurag

I was staying in 15th Floor. There was no single building of this height or even upto 10th floor in nearby vicinity.

on which floor where you in Mumbai and how many tower were there in straight line without any obstruction on front and back.

[/QUOTE]

was the complex design like ATS, long

ca.anurag · 26-05-11

Anything over 3500 would be extremely challenging for 3C to handle, at this point of time...for sure! and they would not want another L300 in the making, with much larger stakes.

It would be interesting to watch 3C's approach here, as they have put the highest stakes here in residential piece with 180 acres....and unfortunately the timing went bad for Noida market overall.

Quote:

Originally Posted by SBR_NOIDA

i really doubt Sports village would be launched in this situation..though we all gettig the 3-5 SMS'S daily.....

3C itself is i dilemma, wht to do with this...

PS: forget the rates for sports village as 4000 psft.

anubhaviit · 26-05-11

Quote:

Originally Posted by ca.anurag

Anything over 3500 would be extremely challenging for 3C to handle, at this point of time...for sure! and they would not want another L300 in the making, with much larger stakes.

It would be interesting to watch 3C's approach here, as they have put the highest stakes here in residential piece with 180 acres....and unfortunately the timing went bad for Noida market overall.

the mou has been signed between some JS group and NA , not with 3 C directly. also the total area is about 150 acres , of which 3 c is developing 100. lots of fishy things in this whole sport village , better to stay away at any price.

suavedude · 26-05-11

Quote:

Originally Posted by SBR_NOIDA

i really doubt Sports village would be launched in this situation..though we all gettig the 3-5 SMS'S daily.....

3C itself is i dilemma, wht to do with this...

PS: forget the rates for sports village as 4000 psft.

Launch has already been delayed , so I won't be surprised if we see a postponing of plans. I agree with you on this aspect completely. My sources say though that inaugural price will be around 4000 - discount. There was some dispute too about land acquisition in 7X sectors.

It will be interesting to observe 3C strategy with respect to Sports Village. Maybe , they will wait till first phase of Boulevard is delivered in October this year.

Anubhav - Definitely, Village does not look as promising as Boulevard or Panache.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

26-05-11	#5024
suavedude Veteran Member Join Date: Oct 2010 Location: Delhi Posts: 1,578 Thanks: 125 Thanked 87 Times in 63 Posts	Anurag , since there is not much real difference apart from lower apartment density in Islands , 3C is trying to create a perceived difference in my view. Lotus 300 did not sell as well as Panache Island for some reason ! Also , Panache is almost a sold out and quite successful project for 3C , so they are maximizing profit in last few towers. I expect new tower launches , even for non-Island towers to be around 4500 level as well. Another factor is upcoming Sports Village project, if Panache is priced around 4500 bsp, they can look to sell Sports Village at around 4000 psf, that's the price point expected now for Sports Village inaugural tower launches as per my sources.

26-05-11	#5025
SBR_NOIDA Member Join Date: May 2011 Posts: 171 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	i really doubt Sports village would be launched in this situation..though we all gettig the 3-5 SMS'S daily..... 3C itself is i dilemma, wht to do with this... PS: forget the rates for sports village as 4000 psft.

26-05-11	#5026
ca.anurag Member Join Date: Mar 2010 Posts: 210 Thanks: 1 Thanked 6 Times in 3 Posts	I was staying in 15th Floor. There was no single building of this height or even upto 10th floor in nearby vicinity. on which floor where you in Mumbai and how many tower were there in straight line without any obstruction on front and back.[/QUOTE]