Announcement

Collapse
No announcement yet.

Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

Collapse
X
Collapse

Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

Last updated: January 9 2014
149 | Posts
21591 | Views
  • Time
  • Show
Clear All
new posts

  • Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

    Hiranandani is quoting around 92lacs for a 2 bedroom flat in 22nd floor. In Victoria towers a 3 bhk (1986 sqft) flat is coming around 90lacs. In the long term, which one would add more value/appreciation? Your thoughts on this please.

  • #2

    #2

    Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

    Do mention Hiranandani Upscale size.

    Comment

    • #3

      #3

      Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

      1295sqft for 2bhk

      Comment

      • #4

        #4

        Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

        Look for resale with Hira.3 bhk you may get for around 1.1 crore & 2 bhk around 80 lakhs.

        Comment

        • #5

          #5

          Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

          Thanks Chandru for your suggestion.
          Through resale or negotiation, the cost for both 2bhk Hira or 3bhk victoria may be equal (+ or - 5%). After having personally visited most of the projects, i have shortlisted these two projects (as of now ). The points i like in both the projects are as below:
          Hira:
          - large township with lots of amenities
          - good school inside the campus
          - growth story of powai
          Victoria towers:
          - large space inside the apartment
          - peaceful atmosphere
          Even after visiting these projects more than three times and reading through all the related posts in internet forums, i am finding it difficult to come to a conclusion. The point that is bothering me is for the same price i can buy a much spacious 3bhk in Victoria.
          As these projects are close to each other, most of you might have already looked at these projects. would be great if you could share your thoughts on these projects.

          Comment

          • #6

            #6

            Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

            Hi,
            This is certainly going to be a very tough call.That too if its your first property purchase.I know its a huge diff. with regard to floor space for almost same price.Its purely a call which has to be taken by you.I saw someone posting an add.in HINDU for 2 apartments of 1986 sq ft in 5th floor with VT.
            First weeks ad.He quoted 70 lakhs & next week it was repeated & he quoted 80 lakhs.Try to find out & negotiate.

            Comment

            • #7

              #7

              Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

              No one can resist Powai growth story but I have seen in Mumbai that properties surrounding Hiranandani appreciating well too.

              Comment

              • #8

                #8

                Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

                Buying decision needs to be primarily driven by what is important to you for living needs(space, plan, amenities etc) for the next 10-15 years - if you are going to call it your home. Use a score sheet with listed attributes on what you look for in Upscale and Victoria and see how it fares - go only by what you need and not by what it offers.

                If Victoria meets your needs and if there are no huge compromises, go with Victoria. Victoria at 50% more space and from a builder Suryavardhan estates (may not be famous for residential in chennai) but at least they have some history of being in this business for long and have some landmark buildings in chennai. Check their delivery commitment, though. OMR is notorious for even reputed builders lagging in delivery.

                It is a hard call to make on which is a better investment. But, entry price is a significant factor which determine the returns over a long term when all else is equal (for your needs). Perceptions are very high on Hira and they have no competition in that class which makes it a crowded investment today. Historically, crowded investments do not yield good return over a long term as too much gets priced in upfront.

                Maverick

                Comment

                • #9

                  #9

                  Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

                  Agree with maverick on entry price and timing before crowds start pushing the price which is now factored in by builder Hira. One must have entered in 2008 to 2010 or so to sit on comforts zone . Now with recently increased base price and extra car slot cost of 9 lacs by Hira , it is very difficult to compare and take a call with VT.

                  Hira is an established Residential cum commercial township development player and VT is an Commercial building developer with landmarks of Spencer,TT,Taj,RBI etc and new entrant to Residential Segment

                  You must have comparative statement by now to to conclude with pros and cons before jumping into your choice which is ultimately final consciously for your Invetsment based on your budget and likings

                  Originally posted by maverick007 View Post
                  Buying decision needs to be primarily driven by what is important to you for living needs(space, plan, amenities etc) for the next 10-15 years - if you are going to call it your home. Use a score sheet with listed attributes on what you look for in Upscale and Victoria and see how it fares - go only by what you need and not by what it offers.

                  If Victoria meets your needs and if there are no huge compromises, go with Victoria. Victoria at 50% more space and from a builder Suryavardhan estates (may not be famous for residential in chennai) but at least they have some history of being in this business for long and have some landmark buildings in chennai. Check their delivery commitment, though. OMR is notorious for even reputed builders lagging in delivery.

                  It is a hard call to make on which is a better investment. But, entry price is a significant factor which determine the returns over a long term when all else is equal (for your needs). Perceptions are very high on Hira and they have no competition in that class which makes it a crowded investment today. Historically, crowded investments do not yield good return over a long term as too much gets priced in upfront.

                  Maverick

                  Comment

                  • #10

                    #10

                    Re : Hiranandani Upscale - Hiranandani Vs Victoria Towers - Suryavardhan Estates, Chennai

                    There is a way to express such dilemma in choosing in stock market parlance.

                    Good company. Bad Stock - this is what Upscale is today. Stock is what you pay and Company is what you get.

                    Average (Decent) company. Not-a-bad Stock - is how I would view VT (Note: Am not saying it is a good stock).

                    Above applies for investment only and nothing else. This should be secondary when you are buying for primary residence.

                    Maverick

                    Comment

                    Have any questions or thoughts about this?
                    Working...
                    X