IREF® - Indian Real Estate Forum

IREF® - Indian Real Estate Forum (http://www.indianrealestateforum.com/)
-   Real Estate Gurgaon (http://www.indianrealestateforum.com/f-real-estate-gurgaon-28.html/)
-   -   DLF New Town Heights, (Different Sectors ), New Gurgaon (http://www.indianrealestateforum.com/real-estate-gurgaon/t-dlf-new-town-heights-different-sectors-new-gurgaon-19138.html)

himrathore June 19 2013 12:04 PM

I think possesion letters are been dispatched and actual possesion is yet to happen, likely would happen in couple of months. Then all registry related details would come out.

raysou June 19 2013 05:40 PM

I have received the possession letter for my apartment and DLF has asked me to take physical possession by 4th July.

Dheer June 19 2013 09:54 PM

Quote:

Originally Posted by raysou (Post 881929)
I have received the possession letter for my apartment and DLF has asked me to take physical possession by 4th July.

The big question is will you move in at this location by 4th July?

Cookie June 19 2013 09:59 PM

Guys

any guess about the rentals ?

Domum June 19 2013 11:00 PM

DLF - Customer service improving? - Religare

DLF, in its recent attempt to resolve complaints raised by customers of its New Gurgaon-based project, seems to have adhered to its newly-forged strategy to enhance CRM practices. This development, we thus believe, is a step in the right direction. While the stock remains under pressure on concerns over delays in debt reduction, we remain positive on DLF over the mid-to-long term on potential improvement in operations. Maintain BUY.

Event: Customers of DLF's New Gurgaon-based New Town Heights project have complained against weak customer services and an increase in property costs. The company, in a letter to flat owners, has tried resolving these issues in a transparent manner. We note that there have been a number of cases (earlier in Chennai/ Gurgaon, now in New Gurgaon) where DLF has faced customer ire on construction delays and weak customer services.

Our view: While such issues may occur/recur, the key is to settle them in a transparent manner. This letter and its soft wordings have come as positive surprise to those who have witnessed DLF's unfriendly CRM practices in the past. In an earlier interaction, DLF suggested increased thrust on customer support and this communication suggests a step in that direction.

Maintain BUY: The stock is down 24% over last month (underperforming the SENSEX 19%) on a weak P/L, delay in sales receipts from Aman Resorts and slower launches/sales. While these issues may weigh on the stock until sales/launches pick up, we continue to see a potential improvement in operations led by a stronger rental portfolio, debt reduction and higher cash flows from high-end projects.

Note: DLF New Town Heights is DLF's biggest project in New Gurgaon (~3000units) and was launched in 2008 (just before the economic downturn). DLF got the completion certificate in Q4FY13 and is looking to offer possession by June'13.

DLF - Customer service improving? - Religare - EquityBulls.com

raysou June 20 2013 09:25 AM

Quote:

Originally Posted by Dheer (Post 882246)
The big question is will you move in at this location by 4th July?

Maybe not actually move in, but I can at least start working on the interiors like woodwork, modular kitchen, etc.

And yes, I will move in asap. I will face some issues in the first 6 months, but they will go away over time. If everybody waits for somebody else to occupy first, then nobody will move in.

I believe there is occupancy already in Tulip Petals in Sec-89, which is not very far from NTH, so I am sure I can live too.

AshokVer June 20 2013 10:41 AM

Possession and liveablility
 
Sir,

Can you let us know which sector / towers are first in line for possession, i am of the view that livability of the area is totally dependent on people actually moving in. However first year is going to be very difficult to manage for anyone staying there.

However it all depends on ones personal situation if one would like to / can move in .

Regards,

varunzinn June 20 2013 11:34 AM

Folks, for the uninitiated like me...can u pls highlight whether possesion has been offered across all locations of dlf, i.e. sec 86/91 etc...regards

Sent from my device. Pls excuse any spelling errors.

Domum June 20 2013 11:49 AM

Quote:

Originally Posted by raysou (Post 882561)
Maybe not actually move in, but I can at least start working on the interiors like woodwork, modular kitchen, etc.

And yes, I will move in asap. I will face some issues in the first 6 months, but they will go away over time. If everybody waits for somebody else to occupy first, then nobody will move in.

I believe there is occupancy already in Tulip Petals in Sec-89, which is not very far from NTH, so I am sure I can live too.


Great, In which sector is your unit?

I have couple of colleagues who has units in Sampada & NCR Greens. Even they are planning to lookout for rentals in NTH, so that they can get the feeling of the area before they actually move in to their dream homes

himrathore June 20 2013 12:52 PM

In Gurgaon occupancy in initial year is better than any other city's suburbs reason being hefty rents. SO trust me people would come in as soon as they get interiors done.


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