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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Gurgaon > Shree Vardhman Mantra in Sec-67, Gurgaon
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Old September 13 2011, 10:16 AM   #1
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Default Shree Vardhman Mantra in Sec-67, Gurgaon

Hi, I heard that Shree Vardhman (Name never heard) has launched 2BHK at cost appx. 26 Lac. This seens very affordable looking on location but what else is hidden is not known. May i requets senior members to give critique on this... Looking for credibility of bilder, Any re-sale restruction, Home loan availability etc...Vikram

 
Old September 16 2011, 08:22 PM   #2
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Any comments on this.
 
Old September 16 2011, 11:06 PM   #3
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Quote:
Originally Posted by sgipec View Post
Any comments on this.
To my knowledge...
Vardhman is a flop sonipat builder.....with two recent project in GGN

Vardman flora: sector 90....started 2300, currently selling 2700 iguess

some project on sohna road: I believe this is the one...but to my knowledge..its the economy project..with least specification and felicities....

Further it may be even low in white..say 16 L...rest may be colored money to builder....

ie on papers its affordable housing for lower income grp..
 
Old September 17 2011, 09:04 AM   #4
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Dear Friends looking to invest in this project.

I have seen the site .>>boundary covered with flags of vardhman builders. Location is awesome wrt neighborhood builders but upon asking legal documents from broker (known to have deeply involved), he failed to show me any paper so i backed off.
So i advise (my personal view), any investment there pls double check all legal formalities.
Best of luck.
 
Old September 17 2011, 01:33 PM   #5
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Dear Sachin & Karan,

Thanks for the inputs indicating expected building quality & location.

Needs to understand what can be hidden on legal front???? Especially when it's a Haryana Govt. sponsored project!!
Should there be any further doubt/ cure sty in spite of LIC & PNB giving approval for Housing Loan for this?.
 
Old September 17 2011, 02:45 PM   #6
 
 
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If the project is backed by Haryana Govt. & everything is legal, why so much secrecy on the project ????

.....& what is the source of information that the Govt. is sponsoring this project . Please verify, cross check/double check, so that baad mein na pachtnay ki zaroorat ho .
 
Old September 17 2011, 03:05 PM   #7
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very surprising that Government is sponsoring the project...I have never heard anything like this earlier
 
Old September 17 2011, 03:58 PM   #8
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Dear Friends

As per my knowledge this is not a govt. sponsored project, instead the govt. has given land to the builder at subsidized rates. This project means for state govt. employees ( which i do not know how anyone can buy ) and one can not sell it within 5 years after possession.
Moreover as the on paper rates (Rs. 16 Lacs) for a 2bhk flat are quite quite low as compared to prices anywhere in Gurgaon one can imagine construction quality and other amenities.
 
Old April 4 2012, 01:00 PM   #9
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Received a mail today from Broker...
By seeing past posts, is it better to stay away!
Any further updates?

Dear Sir/Ma’am,

We are very glad to send you the details of the required project.

The Shree Vardhman has launched the “Mantra”

About Project:

Shree Vardhman Infrahomes (P) Ltd - a renowned real estate builder has launched a Residential Project in Sector – 67, Gurgaon ”Mantra”. Shree Vardhman Mantra offers 2 bedroom flats of sizes 800 sq. ft with very affordable price.

Location:

Mantra is strategically located in Sector 67, Gurgaon.

• Proposed Metro Station
• 40 min. drive from IGI Airport

Please find the Floor Plan & Payment Plan as an attachment.

Please feel free to ask any query, we love to consult and help to make informed & wise decision
 
Old April 5 2012, 08:24 AM   #10
 
 
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MKK, what is the BSP ( very affordable price ) ????......can u attach the Floor Plan & Payment Plan here ???
 
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