Jaypee Kensington Park Sector 133 - Indian Real Estate Forum

gaurav.mun · 31-01-10

Hi

Any Views on Jaypee Kensington Park in Sec 133?

gaurav.mun · 31-01-10

Is it Good to Invest in this Project?

replysudhir · 31-01-10

I am interested in buying the plot. Is it good investment ?

gaurav.mun · 01-02-10

Any Comments will be truly appreciated

Venkytalks · 01-02-10

Very good price for kensington park apartments at 2790 psf plus discount.

If looking for 1050 or 1450 sf apts, I would recommend Kosmos 1150 and 1310 apts despite higher price of 2970psf plus discount.

1150 Kosmos gives higher carpet area and is 3BHK while 1050 Kensington is 2BHK. Worth the higher psf price and larger area.

1310 Kosmos has almost same carpet area as 1450 Kensington. Price will come to same because of rate and sf difference.

Location wise Kensington is better than Kosmos, being next to the flyover entry for JP, while Kosmos is at extreme end of JP land.

Layout of towers is better for Kensington, it is less of concrete jungle than Kosmos.

Strategy wise, Kosmos is much better. Digging has started and the project is likely to go through.

Kensington might face delays since there have been huge number of launches in this area. In case of a problem/slow down/recession, Kosmos is a much better option. Kensington towers may drag on for years.

Overall I would recommend Kosmos over Kensington apts.

Kosmos heights is sold out, so Kensington Heights is a good option if you want a 1800 or 2100 sf apt. Price at 2970psf plus discount is almost same as Kosmos heights. Floor plans are good.

Kensington plots are over priced at 42500 psy plus discount. Price is fully valued for the location premium.

Not worth short term investment. In case of slow down, will become like BPTP parklands - people bought at 14000 psy and sold at 10,000 psy when they could not face the EMI.

I dont think it will be possible to sell the booking at a premium in case of slow down. I anticipate housing loan rates to markedly rise over next 3 years. So buying plot on loan will affect returns, since purchase price will become >80,000 psy including interest on loan.

Plots at Kensington are fantastic for long term (10-15 y) buy and hold. I anticipate 15% yoy appreciation of land prices over a 15 year period in keeping with inflation of 10-12 % per annum over this period. Your returns are likely to be more than 15%PA rather than less over this period, might be super fantastic in case of hyperinflation. Location is truly fantastic and worth the premium for own use also.

Very good for own money/black money investment.

Narayananwani · 01-02-10

Hi

Can anybody tell me what is the price of plot after discount. What is the approximate amount that needs to be paid for PLC etc

Regards

Narayan

gaurav.mun · 01-02-10

Thank you Venkat for your precious comments

replysudhir · 01-02-10

price of plot is 39000 psy.

subham · 14-02-10

Hi Venky

I have booked a 4BHK Kinsenton Park Appt. I am living out of the country & looking for a good place to live when I come back. Hence one of my friends suggested Japee Greens Kinsenton Park..

But From the reviews I read now I am a bit worried about the project ..Can any one tell me what is actually happning ..I still have the chance to hold the booking amount cheque.. One more reason why I am getting bothered about this project is that the broker have taken the cheque on 24th Jan and has still not produced the cheque nor has given me any kind of confirmation regarding my booking & the choice of appartment.

Subham

blueskyliner · 14-02-10

Shubham, what are you worried about? Whether it is agood place to live or whether you will get your home?

Well if it is the latter, then dont worry you will get your home however there will be delays but since you are not living in India, I believe a delay in the project really doesn't make much of a diference.

I am in the same boat, I live outside India too and I bought a house that was due possession in Dec, 2007. I'll get it in Jun 2010 but I am not worried coz the project is almost on completion. The towers that have been given for possession have already been occupied and the flat is exactly what I had booked, so no changes in specifications either.

On the contrary I was more than happy that I got a delayed possession since that saved me the monthly maintainence cost as well as the builder as agreed to invoke the penalty clause and hence deducting the money from my final payment for the delay.

31-01-10	#1
gaurav.mun New Member Join Date: Dec 2009 Posts: 26 Thanks: 0 Thanked 0 Times in 0 Posts	Jaypee Kensington Park Sector 133 Hi Any Views on Jaypee Kensington Park in Sec 133?

14-02-10	#9
subham New Member Join Date: Feb 2010 Posts: 11 Thanks: 0 Thanked 0 Times in 0 Posts	Kindly Advice on Japee Greens Kensington Park Hi Venky I have booked a 4BHK Kinsenton Park Appt. I am living out of the country & looking for a good place to live when I come back. Hence one of my friends suggested Japee Greens Kinsenton Park.. But From the reviews I read now I am a bit worried about the project ..Can any one tell me what is actually happning ..I still have the chance to hold the booking amount cheque.. One more reason why I am getting bothered about this project is that the broker have taken the cheque on 24th Jan and has still not produced the cheque nor has given me any kind of confirmation regarding my booking & the choice of appartment. Subham

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31-01-10	#3
replysudhir New Member Join Date: Dec 2009 Posts: 15 Thanks: 0 Thanked 0 Times in 0 Posts	I am interested in buying the plot. Is it good investment ?

01-02-10	#4
gaurav.mun New Member Join Date: Dec 2009 Posts: 26 Thanks: 0 Thanked 0 Times in 0 Posts	Any Comments will be truly appreciated

01-02-10	#5
Venkytalks Veteran Member Join Date: Sep 2009 Posts: 2,655 Thanks: 26 Thanked 176 Times in 92 Posts	Very good price for kensington park apartments at 2790 psf plus discount. If looking for 1050 or 1450 sf apts, I would recommend Kosmos 1150 and 1310 apts despite higher price of 2970psf plus discount. 1150 Kosmos gives higher carpet area and is 3BHK while 1050 Kensington is 2BHK. Worth the higher psf price and larger area. 1310 Kosmos has almost same carpet area as 1450 Kensington. Price will come to same because of rate and sf difference. Location wise Kensington is better than Kosmos, being next to the flyover entry for JP, while Kosmos is at extreme end of JP land. Layout of towers is better for Kensington, it is less of concrete jungle than Kosmos. Strategy wise, Kosmos is much better. Digging has started and the project is likely to go through. Kensington might face delays since there have been huge number of launches in this area. In case of a problem/slow down/recession, Kosmos is a much better option. Kensington towers may drag on for years. Overall I would recommend Kosmos over Kensington apts. Kosmos heights is sold out, so Kensington Heights is a good option if you want a 1800 or 2100 sf apt. Price at 2970psf plus discount is almost same as Kosmos heights. Floor plans are good. Kensington plots are over priced at 42500 psy plus discount. Price is fully valued for the location premium. Not worth short term investment. In case of slow down, will become like BPTP parklands - people bought at 14000 psy and sold at 10,000 psy when they could not face the EMI. I dont think it will be possible to sell the booking at a premium in case of slow down. I anticipate housing loan rates to markedly rise over next 3 years. So buying plot on loan will affect returns, since purchase price will become >80,000 psy including interest on loan. Plots at Kensington are fantastic for long term (10-15 y) buy and hold. I anticipate 15% yoy appreciation of land prices over a 15 year period in keeping with inflation of 10-12 % per annum over this period. Your returns are likely to be more than 15%PA rather than less over this period, might be super fantastic in case of hyperinflation. Location is truly fantastic and worth the premium for own use also. Very good for own money/black money investment.

01-02-10	#6
Narayananwani New Member Join Date: Dec 2009 Posts: 12 Thanks: 0 Thanked 0 Times in 0 Posts	Hi Can anybody tell me what is the price of plot after discount. What is the approximate amount that needs to be paid for PLC etc Regards Narayan

14-02-10	#10
blueskyliner Member Join Date: Jan 2010 Posts: 101 Thanks: 0 Thanked 0 Times in 0 Posts	Shubham, what are you worried about? Whether it is agood place to live or whether you will get your home? Well if it is the latter, then dont worry you will get your home however there will be delays but since you are not living in India, I believe a delay in the project really doesn't make much of a diference. I am in the same boat, I live outside India too and I bought a house that was due possession in Dec, 2007. I'll get it in Jun 2010 but I am not worried coz the project is almost on completion. The towers that have been given for possession have already been occupied and the flat is exactly what I had booked, so no changes in specifications either. On the contrary I was more than happy that I got a delayed possession since that saved me the monthly maintainence cost as well as the builder as agreed to invoke the penalty clause and hence deducting the money from my final payment for the delay.