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Old February 15 2010, 04:52 PM   #51
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Originally Posted by dsp23dsp View Post
Hi All,
Can you please let me whats' the current market prices running in this area (like Sector 30G), as planning for one at Arihant Anaya or something similar in that area, say like amenities/facilities.

Also what's the current status of International Airport in that area.

Thnx in advance.
Well i think it should not be less than 3.5k to 4k psf

 
Old February 22 2010, 08:22 PM   #52
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i don't know on what basis you state that the prices have been escalated by the builders. In fact i think most builders who bought land in kharghar around 2007 are barely making money. Plots in kharghar were sold for as high as 1 lakh per square meter. The usualy fsi is about 1.5. If i got the numbers right, just the cost of land for those plots is about 6200 psf add to that 1000 psf (minimum) for construction. The cost for the builder is in the region of 7500 psf. The current prices in kharghar are generally around 4000-4500 psf (maybe upto 5000 psf for certain projects). At those rates the plots purchased at 1 lakh per square meter will never make money. And even if you consider those as aberrations (those were commercial plots), i think even the residential plots were sold around 30k-60k per square meter. Just the cost of land and the cost of construction for the builders for plots purchased around 2007 should be about 3000 psf add to that the cost of capital (whatever the builders borrowing cost was ~14% maybe) and other expenses. After you factor all those, the profits aren't that huge. In my opinion its unlikely prices in kharghar can fall much lower than where they are currently (if they do fall).
only 1 correction, fsi is on carpet area, loading considered by most of the builder is 40-45%, so if buidler is taking 45 lacs for 1000 sq feet carpet will be 550 sq feet, that is 8200 rs psf, plus floor rise+devlopment charge+parking charges etc , so no builder is losing money that is also to be noted
 
Old February 22 2010, 08:29 PM   #53
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well i think it should not be less than 3.5k to 4k psf
if you search and put effort really you will get in 3000-3100 range, i like best project as simran sapphire which is around 3000 psf, sector 34 corner building with all amenities
 
Old February 22 2010, 09:31 PM   #54
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if you search and put effort really you will get in 3000-3100 range, i like best project as simran sapphire which is around 3000 psf, sector 34 corner building with all amenities
who is the builder ? the renowned builder i heard are such as arihant, sai, shah and some more.also i am sure development charges, floor rise and parking might be extra.
 
Old April 1 2010, 11:17 AM   #55
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Default galaxy nebula ...

hi anyone heard abt this builder cald galaxy group..they are constructing a building in sec 10 kharghar with all amenities minus the pool ..can anyone give me the prevailing rate there?i am getting a quote of 4200 psf.is it worth investing in that place if i get a decent bargain
 
Old April 2 2010, 10:45 PM   #56
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Hi

i spoke to Galaxy yesterday and they quoted me 4450 rate. rate has gone up by 250 in march . Payment due is 40%.

The overall area of the project is 2500 sq mt with podium garden which is not even a acre- in fact on half acre land they are buliding these towers.

only advantage here- i would say is its location probably.



thanks

nano


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Originally Posted by rajeshswaminathan View Post
hi anyone heard abt this builder cald galaxy group..they are constructing a building in sec 10 kharghar with all amenities minus the pool ..can anyone give me the prevailing rate there?i am getting a quote of 4200 psf.is it worth investing in that place if i get a decent bargain
 
Old April 5 2010, 07:30 PM   #57
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Sector 10 is one of the happening sector in Kharghar because of it's proximity to the station & other big on going projects in that area. The rates currently quoted by builders in a near completion project is around 5k. Nebula is offering only 2 & 3 bhk apartments in the tower. The crowd in sector 10 will be a upper middle class crowd. If you can negotiate further, it will be a very good investment.
 
Old April 5 2010, 07:43 PM   #58
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Originally Posted by udi1005 View Post
Sector 10 is one of the happening sector in Kharghar because of it's proximity to the station & other big on going projects in that area. The rates currently quoted by builders in a near completion project is around 5k. Nebula is offering only 2 & 3 bhk apartments in the tower. The crowd in sector 10 will be a upper middle class crowd. If you can negotiate further, it will be a very good investment.
Sec-10 is good, Sec-7 is a bit better though. There are quite a few projects in Sec-7 (most of them completed except Shah heights which is close to completion). Anyone know what the rate is in that area ? The last time I checked the rates there were about 5k as well (that was a few months ago). Patel Heritage, Shah heights, Tharwani Heritage, Simran Residency, Hiranandani and one more (next to shah heights) those are the projects in Sec-7.
 
Old April 6 2010, 01:15 PM   #59
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Guys for long term investment why not consider Kharghar Sector 35 3000 - 4000psf only !!
 
Old April 7 2010, 02:00 PM   #60
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yo i bargained and got a decent rate in sec 10 in galaxy nebula. thanx for ur views guys..
 
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