New Project Akriti Shantiniketan sector 143 Noida - Page 2 - Real Estate India

GauravMarwah · 14-05-12

being a new builder rates seems high

GauravMarwah · 14-05-12

is this 4500/- includes everything

cookie · 14-05-12

Quote:

Originally Posted by GauravMarwah

is this 4500/- includes everything

I checked specification nothing extra ordinary.
no 1 bhk and 2 BHK and small size flats that may be positive for this project.

abhitmkhar · 14-05-12

Details of the Builder and Project -

Had a word with Shantiniketan guys. They are first time builder with no track record at all. Basically this is part of an IAS lobby which has purchased 3.5 acres of land from Sikka on FSI basis.

Pros -

Only 330-340 flats to be built on 3.5 acres so density is low compared to other projects.
They already have 220 flats committed to this lobby so only 110-120 flats open for other end users/investors
Transfers can only happen after 60 percent payment, end users centric
Location is very good ,has a very good view of the expressway
No brokers involved

Cons -

No track record of the group
They have not employed any contractors, trying to handle everything on there on (in terms of building,construction,machinery etc)
Pricing is on the higher side
They are getting the project bankable through PSU banks, although there is nothing wrong with it, hassles related to getting a home loan processed through PSU banks would be a negative (although they mentioned that they might also explore HDFC /LIC HF

Overall my take is that they have missed a very serious entry point that is pricing for end users/investors to invest in the project as they lack any track record of delivering any project historically. One thing that might have attracted me to this project is pricing which is steep for Sector -143 right now

mehrotra_kk · 14-05-12

Quote:

Originally Posted by abhitmkhar

Details of the Builder and Project -

Had a word with Shantiniketan guys. They are first time builder with no track record at all. Basically this is part of an IAS lobby which has purchased 3.5 acres of land from Sikka on FSI basis.

Pros -

Only 330-340 flats to be built on 3.5 acres so density is low compared to other projects.
They already have 220 flats committed to this lobby so only 110-120 flats open for other end users/investors
Transfers can only happen after 60 percent payment, end users centric
Location is very good ,has a very good view of the expressway
No brokers involved

Cons -

No track record of the group
They have not employed any contractors, trying to handle everything on there on (in terms of building,construction,machinery etc)
Pricing is on the higher side
They are getting the project bankable through PSU banks, although there is nothing wrong with it, hassles related to getting a home loan processed through PSU banks would be a negative (although they mentioned that they might also explore HDFC /LIC HF

Overall my take is that they have missed a very serious entry point that is pricing for end users/investors to invest in the project as they lack any track record of delivering any project historically. One thing that might have attracted me to this project is pricing which is steep for Sector -143 right now

which IAS lobby you are referring here?

abhitmkhar · 14-05-12

How many IAS lobbies are you aware of ? I don think they have any names . ???

This is what has been communicated to me by Shanti Niketan guys. Pls read my post carefully.Not my version. I have clearly written that they have zero track record completely unknown.

Quote:

Originally Posted by mehrotra_kk

which IAS lobby you are referring here?

cookie · 14-05-12

Quote:

Originally Posted by abhitmkhar

Details of the Builder and Project -

Had a word with Shantiniketan guys. They are first time builder with no track record at all. Basically this is part of an IAS lobby which has purchased 3.5 acres of land from Sikka on FSI basis.

Pros -

Only 330-340 flats to be built on 3.5 acres so density is low compared to other projects.
They already have 220 flats committed to this lobby so only 110-120 flats open for other end users/investors
Transfers can only happen after 60 percent payment, end users centric
Location is very good ,has a very good view of the expressway
No brokers involved

Cons -

No track record of the group
They have not employed any contractors, trying to handle everything on there on (in terms of building,construction,machinery etc)
Pricing is on the higher side
They are getting the project bankable through PSU banks, although there is nothing wrong with it, hassles related to getting a home loan processed through PSU banks would be a negative (although they mentioned that they might also explore HDFC /LIC HF

Overall my take is that they have missed a very serious entry point that is pricing for end users/investors to invest in the project as they lack any track record of delivering any project historically. One thing that might have attracted me to this project is pricing which is steep for Sector -143 right now

when more than 70 percent of the flats is already reserved,why would they think much about others and investors?

mehrotra_kk · 14-05-12

Quote:

Originally Posted by abhitmkhar

How many IAS lobbies are you aware of ? I don think they have any names . ???

This is what has been communicated to me by Shanti Niketan guys. Pls read my post carefully.Not my version. I have clearly written that they have zero track record completely unknown.

bhai naraj kyon ho rahe ho muje laga shayad aapko pata ho -- there is atleast one famous i know who sstarted the sanskriti school in delhi. Thx for the info

abhitmkhar · 14-05-12

That is what they are doing....

abhitmkhar · 14-05-12

Naaraz nahin ho raha hoon...was just passing on the facts to you..nothing personal

Quote:

Originally Posted by mehrotra_kk

bhai naraj kyon ho rahe ho muje laga shayad aapko pata ho -- there is atleast one famous i know who sstarted the sanskriti school in delhi. Thx for the info

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Purvanchal Project in Sector 137 Noida	vikrana	Real Estate Noida	63	12-11-12 10:18 PM
Today project in sector 137 Noida e-way	sondeep	Real Estate Noida	5	21-01-12 01:33 PM
3C new project at sector 168 NOIDA	Rebele003	Real Estate Noida	25	19-08-10 05:52 PM
Best project in Sector 74,Noida	varora	Real Estate Noida	1	06-07-10 07:38 PM

14-05-12	#12
GauravMarwah BANNED Join Date: Jul 2010 Location: Delhi Posts: 305 Likes Received: 8 Likes Given: 6 My Mood:	is this 4500/- includes everything

14-05-12	#14
abhitmkhar Member Join Date: Jan 2012 Location: India Posts: 272 Likes Received: 27 Likes Given: 2 My Mood:	Details of the Builder and Project - Had a word with Shantiniketan guys. They are first time builder with no track record at all. Basically this is part of an IAS lobby which has purchased 3.5 acres of land from Sikka on FSI basis. Pros - Only 330-340 flats to be built on 3.5 acres so density is low compared to other projects. They already have 220 flats committed to this lobby so only 110-120 flats open for other end users/investors Transfers can only happen after 60 percent payment, end users centric Location is very good ,has a very good view of the expressway No brokers involved Cons - No track record of the group They have not employed any contractors, trying to handle everything on there on (in terms of building,construction,machinery etc) Pricing is on the higher side They are getting the project bankable through PSU banks, although there is nothing wrong with it, hassles related to getting a home loan processed through PSU banks would be a negative (although they mentioned that they might also explore HDFC /LIC HF Overall my take is that they have missed a very serious entry point that is pricing for end users/investors to invest in the project as they lack any track record of delivering any project historically. One thing that might have attracted me to this project is pricing which is steep for Sector -143 right now