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Old July 30 2012, 02:27 AM   #1
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Icon25 Need investment advice

I am new to this forum. Dont live in india, but have plans to return in another 5-10 years. Recently decided to buy property in gurgaon. Looking for a good investment option. I am looking something in 1-2 cr range depending on how much time it will take to give all that money. Prefer to give in all checks. Can arrange for 20-40L cash component also. So far have been looking at new projects. Some of the ones I have shortlisted are:
G99 plots
BPTP amstoria floors
Ansal escencia floors
Palm hills
Palm gardens
Dlf primus
Unitech anthea floors
I really need some serious advise regarding which project to book? Some seniors please advise!

 
Old July 30 2012, 02:35 AM   #2
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Quote:
Originally Posted by Raj1164 View Post
I am new to this forum. Dont live in india, but have plans to return in another 5-10 years. Recently decided to buy property in gurgaon. Looking for a good investment option. I am looking something in 1-2 cr range depending on how much time it will take to give all that money. Prefer to give in all checks. Can arrange for 20-40L cash component also. So far have been looking at new projects. Some of the ones I have shortlisted are:
G99 plots
BPTP amstoria floors
Ansal escencia floors
Palm hills
Palm gardens
Dlf primus
Unitech anthea floors
I really need some serious advise regarding which project to book? Some seniors please advise!
One of my friends recently bought in resale palm gardens for 4950/-

Antehea floors will be a good place to live in , with next 5-10 years horizan, available bigger floors from company directly

word of caution - if you have 5-10 years horizon.. and reading the forum .. makes me feel that you should not rush at this stage..because market could been soon in correction mode.. please read the threads on gurgaon forum

This is all based on my understanding and limited knowledge as i m also based outside india, but have couple of investments there along with my own residence....

seniors are the best to comment...

cheers
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Old July 30 2012, 02:50 AM   #3
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Thankyou sareen bhai. But every few months i come back and see the prices go further. I do not see any significant corrections in india like here in the US. Dew seems to be a good investment options. Any new good projects booking available there?
 
Old July 30 2012, 03:28 AM   #4
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Quote:
Originally Posted by Raj1164 View Post
Thankyou sareen bhai. But every few months i come back and see the prices go further. I do not see any significant corrections in india like here in the US. Dew seems to be a good investment options. Any new good projects booking available there?
You see the prices what the estate agents show you and this is correct to some level, but this does not mean you have seen everthing again this is to my understanding.. to see ground realities you have to be there for longer period which NRI's unfortunately cant afford to do so and that is what well known by everyone...

i am based in Uk mate, dEW is just behind my gurgaon residence(palam Vihar).. recently ansals have launch one project around 4000 psqt, i think, please read the forums.. tata has launched another project there.. and to be honest a lot of resale options...

in general gurgoan/manesar has a variety of projects.. it depends how much luxury you want

again my analysis, india is developing economy.. in UK current interest rate is .5 percent.. in india...it is around 10 perecnt ..
similar ratio exists for growth rate..also..

repercussions of slowdown happens first in developed countries and then to developing .. so india is yet to feel the heat...

hope this helps..


cheers
 
Old July 31 2012, 02:26 AM   #5
 
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Raj, I noticed that you are interested in investing in DeW, and hence am suggesting IB Enigma. Not sure if you are aware of the project, or not, but am recommending it for the following reasons:

1. Within your budget of around 2 CR (resale seems to be available around 6k). Try tower D where instalment of around 40 lacs has gone as yet.

2. High-end specs

3. Decent size flats 3350 sq ft, and above

4. The project is in vicinity of Chintels (resale 5500), Mahindra Aura (4900-5100) etc. It has not seen the kind of appreciation that other projects in the same area have witnessed. Dont ask me why because I am searching for that answer as well. However, my believe is that water has to find its level, and the market should discover this project sooner rather than later.

5. I found the architecture of towers A - D quiet interesting, and unique

I have recently made an investment in Indiabulls Enigma Sec 110 because of the above reasons, so I am biased towards it. However, if someone has contrary views on this project, I would be quiet keen to know them.

Please do your due diligence on this project, and get advise from senior members like Rushil Arora, St Anger, Manoja, Amit Bhalla, Amit001 etc.

Best of luck for your investment, and if you do make one, please share it on this thread.
 
Old July 31 2012, 03:15 AM   #6
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Get in Re-sale palm hills sec 77 without delay as longer u wait after I've posted this reply u will be paying more & more to get the same apartment : )
Good luck ..... Drop me a thank you line after 6 months if u buy in the project : )
 
Old July 31 2012, 04:27 AM   #7
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Harpreet bhai. 3500 6K is a little beyond budget. besides I might plan to use it as a rental property later. dont know if such high end would rent out that easily.
Malikd, I am seriously considering Palm hills. Called Emaar a few days back. They said there are new towers coming up for booking at 6750 psf.
Senior members -----Rushil Arora, St Anger, Manoja, Amit Bhalla, Amit001 etc. please help . dont have much time. will have to decide soon.
 
Old July 31 2012, 12:52 PM   #8
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Default palm terraces or palm terraces select

If you are looking at gcx, then emaar mgf palm terraces (PT) or palm terraces select (PTS) are also good options. Both projects are bang on gcx. PT is 2100 sq ft and PTS is 2410 sq ft. Both are 4 BHK + servant room. PT is low rise and PTS is mid-rise.

Recently a number of infra projects have been announced that make gcx a good bet - signal free toll road from current gurgaon toll till intersection of gc and gcx road, widening of sohna road etc.

I am copying this from an earlier post I had written:
- PT is a part of Palm Drive, which includes other projects like Premier Terraces, Sky Terraces, Palm Studios. Palm Terraces has a separate club and pool within Palm Drive. PTS is not a part of Palm Drive though it is right next door, separated by a sector road
- Both have 2 apartments per floor
- Construction update: The external structure is ready for Palm Terraces and they are about to finish internal brick work. In PTS, construction has not yet started but is about to start from what I have read on the forum
- In PT, around 70% of payment has been made to the builder. I am not sure for PTS, it might 20% to 30%
- Palm Terraces Select (PTS) has VRV Airconditioning while Palm Terraces (PT) has split ACs in all rooms
- PTS has basement parking while PT has parking outside the apartments
- PTS has a heated pool while PT has a "normal" pool
- PT is G+4, except for two towers at the back that are G+9 or G+12. PTS is G+9/11

With PT, you can start earning rental in two years. Current price is Rs 6500 psf for PT and Rs 7000+ for PTS. If you are buying in PT, look for a flat facing the central 3 acre park.

Here are the latest photos for PT:
http://www.indianrealestateforum.com...47-page19.html

Considering all these factors, I bought a unit in PT 6 months back.

You can also go through this thread for more info:
http://www.indianrealestateforum.com...ion-13800.html

Quote:
Originally Posted by Raj1164 View Post
I am new to this forum. Dont live in india, but have plans to return in another 5-10 years. Recently decided to buy property in gurgaon. Looking for a good investment option. I am looking something in 1-2 cr range depending on how much time it will take to give all that money. Prefer to give in all checks. Can arrange for 20-40L cash component also. So far have been looking at new projects. Some of the ones I have shortlisted are:
G99 plots
BPTP amstoria floors
Ansal escencia floors
Palm hills
Palm gardens
Dlf primus
Unitech anthea floors
I really need some serious advise regarding which project to book? Some seniors please advise!
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Old July 31 2012, 01:48 PM   #9
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I am quoting Amit's suggestion to you because I feel this is the best option available for you.

Sitting outside India I guess peace of mind would be of price importance.

Hence if you can manage any property on Gcx, it will give you surety of rental s on possession, faster and higher appreciation and also a good location for you to eventually settle down.

If I go by the above mentioned criteria and if you can afford it then dont look beyond Gcx. If correction happens, its the far off areas that would see some strain first. Dew has a long way to go before it becomes completely habitable.

Now coming back to choices on Gcx, well the answer is very few. All the properties have become very expensive and hence Emmar looks attractive.
There is a delayed delivery risk but then thats factored in their price as well. All the options of Emmar on Gcx are on discount Vs the prices of Ireo.

Since your time horizon is 5-10 years, delay delivery is not going to trouble u most. Secondly I have seen lots of members picking up Emmar off late which shows that the the undervalued tag is bringing lots of investors in this.

Hence you may select the one from the list mentioned by Amit below.
Only word of caution would be to select the right project, correct tower, good location (floor) and with the better layout.
There are many threads on IREF where all these factors have been discussed in detail so have a look.

Lastly, please do not take any decision in haste. Market is very dull at the moment so you may take some time to decide as per the criteria I gave above and scout for good deal.

But that dosent mean you sleep over it. 15-20 days would be more then enough to get the deal of your choice. Even if the delay in decision costs 100-200 per sq ft, dont worry but buy the property of your choice. This loss would be insignificant in 5-10 years horizon.

You must also consult a good broker. Do not believe in the prices quoted on phone. Rate negotiated on table with cash in hand is the real rate.




All the best,

RA


Quote:
Originally Posted by Amitau View Post
If you are looking at gcx, then emaar mgf palm terraces (PT) or palm terraces select (PTS) are also good options. Both projects are bang on gcx. PT is 2100 sq ft and PTS is 2410 sq ft. Both are 4 BHK + servant room. PT is low rise and PTS is mid-rise.

Recently a number of infra projects have been announced that make gcx a good bet - signal free toll road from current gurgaon toll till intersection of gc and gcx road, widening of sohna road etc.

I am copying this from an earlier post I had written:
- PT is a part of Palm Drive, which includes other projects like Premier Terraces, Sky Terraces, Palm Studios. Palm Terraces has a separate club and pool within Palm Drive. PTS is not a part of Palm Drive though it is right next door, separated by a sector road
- Both have 2 apartments per floor
- Construction update: The external structure is ready for Palm Terraces and they are about to finish internal brick work. In PTS, construction has not yet started but is about to start from what I have read on the forum
- In PT, around 70% of payment has been made to the builder. I am not sure for PTS, it might 20% to 30%
- Palm Terraces Select (PTS) has VRV Airconditioning while Palm Terraces (PT) has split ACs in all rooms
- PTS has basement parking while PT has parking outside the apartments
- PTS has a heated pool while PT has a "normal" pool
- PT is G+4, except for two towers at the back that are G+9 or G+12. PTS is G+9/11

With PT, you can start earning rental in two years. Current price is Rs 6500 psf for PT and Rs 7000+ for PTS. If you are buying in PT, look for a flat facing the central 3 acre park.

Here are the latest photos for PT:
http://www.indianrealestateforum.com...47-page19.html

Considering all these factors, I bought a unit in PT 6 months back.

You can also go through this thread for more info:
http://www.indianrealestateforum.com...ion-13800.html
 
Old July 31 2012, 04:05 PM   #10
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hi raj,

Just to provide a broader picture, there are projects with the range of 3k-4K psft in gurgaon/manesar area, and even in DEW(about 4 months back)

these are definitely long term horizon projects.. by this i mean the area will require at least 5-7 years to become liveable

cheers
 
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