Prateek Edifice Sector 107 - Page 3 - Indian Real Estate Forum

fatichar · 23-02-12

Quote:

Originally Posted by prakashjh24

Well, 107 has the following projects -

1. Sharnam
2. Lotus 300 (Only 300 aprtmts) ..So i hardly count this project to add to the density
3. Prateek (apparantly a Luxury project)..my guess is just 500-700 units...So no problems here
4. Amrapali HAratbeat and hanging...NEGATIVE
5. Sunworld Vanalika - Just 7.5 acres and has some big flats of 3400 sq ft..am not sure but i know the grp, i think they will do well
6. Lotus Boulevard in Sec 100..

Net net , LB and Amrapali are the two high density MIG type products...

If you count by number of flats, yes, density would be less. But openness depends on builtup area, which will be same due to FAR of 2.75.

But number of people on the road would not be ay less, as this will be the primary road for 7x people travelling to expressway offices.

prakashjh24 · 25-02-12

Prateek has started ground leveling on their site..

Contemplating a booking here - The project has been designed by Hafiz and is expected to be officially launched in April post elections..Sizes of 2000 and 2400 sq ft units...ALL FLATS ARE GREEN FACING..Unique concept of 100% Greenery (Stilt floor has extended gardens)

total units - 480 approx...density of 70!!!! Specs are going to be better than Stylome...Layout is pretty impressive...Density is something I am concerned abt especially after making an investment in 300 where the density is just 30...

Views pls!!

fatichar · 25-02-12

Prakash ji,

density has vereal aspects:

1. No of people / acre:

This would depend on flats/acre, occupency, %ge of rented flats, and class of residents. If you are concerned with this, then give importance to flats/acre.

2. Openness:

This depends on the plot shape, tower size/layout, and FAR. As FAR is same for all, it would mainly depend on the rest factors. Openness does not depend only on flats per acre.

e.g., using FAR of 2.75, the builder can build a 3 story tower that will occupy the entire plot, leaving zero open area. Lets each floor be a single flat. Would we call this an open project? No! While this is an extreme example, we still have examples of different societies in Noida, even by the same builder with same flats/acre, which feel very different in terms of openness. LB vs LP.

Societies with high FAR need to have tall towers. This increases openness. Plots shape has to be as close to a circle as possible. Square is the closes to a circle, hence best. Towers should be laid out on the periphery, with some distance between each other. Flats/floor should be less.

Do consider all these points, do not decide solely on the basis of flats/acre.

gupta79.amit · 25-02-12

any clue about pricing / booking ?

Quote:

Originally Posted by prakashjh24

Prateek has started ground leveling on their site..

Contemplating a booking here - The project has been designed by Hafiz and is expected to be officially launched in April post elections..Sizes of 2000 and 2400 sq ft units...ALL FLATS ARE GREEN FACING..Unique concept of 100% Greenery (Stilt floor has extended gardens)

total units - 480 approx...density of 70!!!! Specs are going to be better than Stylome...Layout is pretty impressive...Density is something I am concerned abt especially after making an investment in 300 where the density is just 30...

Views pls!!

prakashjh24 · 25-02-12

pricing not fixed yet but shd be 5k+ most probably

gupta79.amit · 25-02-12

5K+ launch seems to be very high no matter if it is a luxury project...
I have not heard of any project being launched at this price in Noida. Any thoughts ?

Quote:

Originally Posted by prakashjh24

pricing not fixed yet but shd be 5k+ most probably

prakashjh24 · 25-02-12

Quote:

Originally Posted by gupta79.amit

5K+ launch seems to be very high no matter if it is a luxury project...
I have not heard of any project being launched at this price in Noida. Any thoughts ?

Wait for a bit..After elections, one will find it to be reasonable even for a MIG project like LB...Developers are all geared up to increase the prices left, right and centre.....Noida is already all sold out....Not much land available for developers..

By the way, even Lotus Panache Island cancelled units is being sold for 6k by the developer...

fatichar · 25-02-12

Quote:

Originally Posted by gupta79.amit

5K+ launch seems to be very high no matter if it is a luxury project...
I have not heard of any project being launched at this price in Noida. Any thoughts ?

Then you have not heard of a lot of projects.

1. Jaypee Pebble Beach
2. Unitech GCC (Grande)
3. TGB Meghdootam
4. Supertech North Eye
5. Supertech Supernove
6. Assotech Celeste
7. Mahagun Marvella
8. Omaxe Forest Spa

vikasn · 26-02-12

Nice observation, Fatichar bhai.

Quote:

Originally Posted by fatichar

Prakash ji,

density has vereal aspects:

1. No of people / acre:

This would depend on flats/acre, occupency, %ge of rented flats, and class of residents. If you are concerned with this, then give importance to flats/acre.

2. Openness:

This depends on the plot shape, tower size/layout, and FAR. As FAR is same for all, it would mainly depend on the rest factors. Openness does not depend only on flats per acre.

e.g., using FAR of 2.75, the builder can build a 3 story tower that will occupy the entire plot, leaving zero open area. Lets each floor be a single flat. Would we call this an open project? No! While this is an extreme example, we still have examples of different societies in Noida, even by the same builder with same flats/acre, which feel very different in terms of openness. LB vs LP.

Societies with high FAR need to have tall towers. This increases openness. Plots shape has to be as close to a circle as possible. Square is the closes to a circle, hence best. Towers should be laid out on the periphery, with some distance between each other. Flats/floor should be less.

Do consider all these points, do not decide solely on the basis of flats/acre.

prakashjh24 · 26-02-12

Quote:

Originally Posted by fatichar

Prakash ji,

density has vereal aspects:

1. No of people / acre:

This would depend on flats/acre, occupency, %ge of rented flats, and class of residents. If you are concerned with this, then give importance to flats/acre.

2. Openness:

This depends on the plot shape, tower size/layout, and FAR. As FAR is same for all, it would mainly depend on the rest factors. Openness does not depend only on flats per acre.

e.g., using FAR of 2.75, the builder can build a 3 story tower that will occupy the entire plot, leaving zero open area. Lets each floor be a single flat. Would we call this an open project? No! While this is an extreme example, we still have examples of different societies in Noida, even by the same builder with same flats/acre, which feel very different in terms of openness. LB vs LP.

Societies with high FAR need to have tall towers. This increases openness. Plots shape has to be as close to a circle as possible. Square is the closes to a circle, hence best. Towers should be laid out on the periphery, with some distance between each other. Flats/floor should be less.

Do consider all these points, do not decide solely on the basis of flats/acre.

fatichar bhai - I am in agreement to your points...I particularly look at density primarily on the basis of flats/ family per acre for a luxury project...

the builder have no option but to leave more than 80% green area as its mandated under the NA building byelaws...I was only doing a very simple comparison with adjoining 300 which is building 300 flats on 10 acre vs Prateek building arnd 500 units on 7 acres..

assuming 3 people staying in a family, below is the result -

300 - 3*300/10 = 90 person per acre
Prateek - 3*500/7 = 215 person per acre
LB - 3*4000/40 = 300 person per acre
So on so forth

i understand 300 units are quite big in size and accordingly prateek needs to cover the space differential by increasing their units and both projects will cover their maximum FAR,,my thought is purely from investment/ end users pt of view..this factor leads to EXCLUSIVITY...

Elevation can vary as per the developers layout..Since the constrn cost goes higher with every increasing floor thats why developers generally try to restrict the floors under 20-30.

Assotech/ supertech northeye/ supernova are high rises and bcoz of the higher constrn cost are quoting higher prices...

Btw - I am OK with Prateeks density..in comparison to 300 it looks a little dense...

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25-02-12	#22
prakashjh24 Veteran Member Join Date: Apr 2010 Location: Noida Posts: 1,678 Likes Received: 428 Likes Given: 85	Prateek has started ground leveling on their site.. Contemplating a booking here - The project has been designed by Hafiz and is expected to be officially launched in April post elections..Sizes of 2000 and 2400 sq ft units...ALL FLATS ARE GREEN FACING..Unique concept of 100% Greenery (Stilt floor has extended gardens) total units - 480 approx...density of 70!!!! Specs are going to be better than Stylome...Layout is pretty impressive...Density is something I am concerned abt especially after making an investment in 300 where the density is just 30... Views pls!!

25-02-12	#23
fatichar Veteran Member Join Date: Oct 2011 Posts: 4,800 Likes Received: 1031 Likes Given: 197	Prakash ji, density has vereal aspects: 1. No of people / acre: This would depend on flats/acre, occupency, %ge of rented flats, and class of residents. If you are concerned with this, then give importance to flats/acre. 2. Openness: This depends on the plot shape, tower size/layout, and FAR. As FAR is same for all, it would mainly depend on the rest factors. Openness does not depend only on flats per acre. e.g., using FAR of 2.75, the builder can build a 3 story tower that will occupy the entire plot, leaving zero open area. Lets each floor be a single flat. Would we call this an open project? No! While this is an extreme example, we still have examples of different societies in Noida, even by the same builder with same flats/acre, which feel very different in terms of openness. LB vs LP. Societies with high FAR need to have tall towers. This increases openness. Plots shape has to be as close to a circle as possible. Square is the closes to a circle, hence best. Towers should be laid out on the periphery, with some distance between each other. Flats/floor should be less. Do consider all these points, do not decide solely on the basis of flats/acre.