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Cost of a 3 BHK in Pitam Pura CGHS

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Cost of a 3 BHK in Pitam Pura CGHS

Last updated: February 15 2013
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  • #11

    #11

    Re : Cost of a 3 BHK in Pitam Pura CGHS

    get a builders floor of around 1500 sq ft . You have a wide range from 2.3-3Cr .

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    • #12

      #12

      Re : Cost of a 3 BHK in Pitam Pura CGHS

      Originally posted by mkg007 View Post
      Thanks Gaurav,

      I have identified one 3BHK + Serv. in a CGHS in West Enclave on main Outer Ring Road, with carpet area of approx. 1750 sf. It's quite spacious, DD 23x11, 2 BRs 16X12 with inbuilt wide wardrobes and attached baths & balconies, 3rd BR is 13X11, Kitchen 10x11, and decent servant with attached toilet. 3rd Floor with lift and only three flats per floor. Asking price is 3.25 for raw flat.

      Society is just OK. Do you think the asking price is justified, as I am unable to find any other decent option in this size!
      I think this is reasonable 1700 sq ft carpet area would be somewhere about 2200 sq ft super area. Comes out to be somewhere around 15200 / sq ft with construction and new interiors.

      This rate in pitampura is absolutely fine as rates in Gurgaon are touching 14000 /sq ft.

      Gaurav

      Comment

      • #13

        #13

        Re : Cost of a 3 BHK in Pitam Pura CGHS

        Originally posted by gaurav_chugh View Post
        I think this is reasonable 1700 sq ft carpet area would be somewhere about 2200 sq ft super area. Comes out to be somewhere around 15200 / sq ft with construction and new interiors.

        This rate in pitampura is absolutely fine as rates in Gurgaon are touching 14000 /sq ft.

        Gaurav
        u r comparing rates of poshest of societies of gurgaon with rates of cheapest quality flats in pitampura and trying to prove their worth. and otherwise too just to compare these 2 places gurgaon in itself is an IT and bussiness (related to latest tech) hub of india and pitampura is a lala society of local bussinesses mostly comprising of uneducated old people n young generation staying thr is either these lala's children or r those who cant afford to buy these flats whose worth is 3 crores as per you. visit sum places in the world and u will b surprised or even shocked to see what all u can get in 1.5 crores around the world with amenities people cant even dream of.
        do u know how much shud b ur salary if u really want to buy this supposedly 3 crore flat (yellow 40 year old 1700 sq ft flat which gives luk of a toilet frm outside, in developed countries where prices r half than what u r quoting for this flat even toilets r better looking). coming back to the point if u want to buy a 3 crore property do u knw how much shud b ur salary per month in order to successfully pay emi's ?
        Last edited December 2 2012, 05:04 PM.

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        • #14

          #14

          Re : Cost of a 3 BHK in Pitam Pura CGHS

          Originally posted by ruchika1 View Post
          u r comparing rates of poshest of societies of gurgaon with rates of cheapest quality flats in pitampura and trying to prove their worth. and otherwise too just to compare these 2 places gurgaon in itself is an IT and bussiness (related to latest tech) hub of india and pitampura is a lala society of local bussinesses mostly comprising of uneducated old people n young generation staying thr is either these lala's children or r those who cant afford to buy these flats whose worth is 3 crores as per you. visit sum places in the world and u will b surprised or even shocked to see what all u can get in 1.5 crores around the world with amenities people cant even dream of.
          do u know how much shud b ur salary if u really want to buy this supposedly 3 crore flat (yellow 40 year old 1700 sq ft flat which gives luk of a toilet frm outside, in developed countries where prices r half than what u r quoting for this flat even toilets r better looking). coming back to the point if u want to buy a 3 crore property do u knw how much shud b ur salary per month in order to successfully pay emi's ?
          I think you need to visit Pitampura before comparing it to concrete jungle that is called Gurgaon.
          Second you are right I know it requires at least 4 Laks per month of salary to buy a flat of 3 crores. That's why I say flat in pitampura is worth more than Gurgaon because these business class has lot of money not fixed salaries on which you keep paying lot of tax
          Third these lala business class is becoming new age Ambanis and the so class high class educated people are only their administrators who work for them.
          Forth existance Gurgaon is because of Delhi and not vica versa. Hence Delhi would always have premium over Gurgaon.
          Fifth please come out of your south Delhi and visit other parts of Delhi. Pitampura has the status and rates what greater kailash and posh area of south Delhi have. It has almost same / better infrastructure, facilities as compared to south Delhi.

          Comment

          • #15

            #15

            Re : Cost of a 3 BHK in Pitam Pura CGHS

            Originally posted by gaurav_chugh View Post
            I think you need to visit Pitampura before comparing it to concrete jungle that is called Gurgaon.
            Second you are right I know it requires at least 4 Laks per month of salary to buy a flat of 3 crores. That's why I say flat in pitampura is worth more than Gurgaon because these business class has lot of money not fixed salaries on which you keep paying lot of tax
            Third these lala business class is becoming new age Ambanis and the so class high class educated people are only their administrators who work for them.
            Forth existance Gurgaon is because of Delhi and not vica versa. Hence Delhi would always have premium over Gurgaon.
            Fifth please come out of your south Delhi and visit other parts of Delhi. Pitampura has the status and rates what greater kailash and posh area of south Delhi have. It has almost same / better infrastructure, facilities as compared to south Delhi.
            How do you know that she lives in south delhi

            Comment

            • #16

              #16

              Re : Cost of a 3 BHK in Pitam Pura CGHS

              Originally posted by gaurav_chugh View Post
              I think this is reasonable 1700 sq ft carpet area would be somewhere about 2200 sq ft super area. Comes out to be somewhere around 15200 / sq ft with construction and new interiors.

              This rate in pitampura is absolutely fine as rates in Gurgaon are touching 14000 /sq ft.

              Gaurav
              Thanks Gaurav...

              Comment

              • #17

                #17

                Re : Cost of a 3 BHK in Pitam Pura CGHS

                Originally posted by gaurav_chugh View Post
                I think you need to visit Pitampura before comparing it to concrete jungle that is called Gurgaon.
                Second you are right I know it requires at least 4 Laks per month of salary to buy a flat of 3 crores. That's why I say flat in pitampura is worth more than Gurgaon because these business class has lot of money not fixed salaries on which you keep paying lot of tax
                Third these lala business class is becoming new age Ambanis and the so class high class educated people are only their administrators who work for them.
                Forth existance Gurgaon is because of Delhi and not vica versa. Hence Delhi would always have premium over Gurgaon.
                Fifth please come out of your south Delhi and visit other parts of Delhi. Pitampura has the status and rates what greater kailash and posh area of south Delhi have. It has almost same / better infrastructure, facilities as compared to south Delhi.
                1) its u who started the comparision. i just explained u in detail the comparison which u made.
                2) ambani was only 1, not all these uneducated lala's frm pitampura. am surprised u r finiding ambanis in all of pitampura residents. just to add uneducated will always remain uneducated. mentality is diffrnt. ask any educated working class, nobody wud like to live alongside them.
                3) talking abt existence of gurgaon bec of delhi. pitampura is no hypermarket or connaught place in itself. a decade back it was as fragile n as looked down upon as a 'forest', the word u used. dont knw if u knw or not but thr was a time when people were afraid to take the road which went upto pitampura. so this area is no bussiness hub in itself. being in delhi doesnt matter much. still distances r counted frm connaught place, u must b well aware of tht fact.

                now i am posting my last msg again. try to ratinally answer any of the points i mentioned in my prev msg.. u wernt able to, in ur prev msg..

                "u r comparing rates of poshest of societies of gurgaon with rates of cheapest quality flats in pitampura and trying to prove their worth. and otherwise too just to compare these 2 places gurgaon in itself is an IT and bussiness (related to latest tech) hub of india and pitampura is a lala society of local bussinesses mostly comprising of uneducated old people n young generation staying thr is either these lala's children or r those who cant afford to buy these flats whose worth is 3 crores as per you. visit sum places in the world and u will b surprised or even shocked to see what all u can get in 1.5 crores around the world with amenities people cant even dream of.
                do u know how much shud b ur salary if u really want to buy this supposedly 3 crore flat (yellow 40 year old 1700 sq ft flat which gives luk of a toilet frm outside, in developed countries where prices r half than what u r quoting for this flat even toilets r better looking). coming back to the point if u want to buy a 3 crore property do u knw how much shud b ur salary per month in order to successfully pay emi's ?"
                Last edited December 2 2012, 07:40 PM.

                Comment

                • #18

                  #18

                  Re : Cost of a 3 BHK in Pitam Pura CGHS

                  Originally posted by ruchika1 View Post
                  u r comparing rates of poshest of societies of gurgaon with rates of cheapest quality flats in pitampura and trying to prove their worth. and otherwise too just to compare these 2 places gurgaon in itself is an IT and bussiness (related to latest tech) hub of india and pitampura is a lala society of local bussinesses mostly comprising of uneducated old people n young generation staying thr is either these lala's children or r those who cant afford to buy these flats whose worth is 3 crores as per you. visit sum places in the world and u will b surprised or even shocked to see what all u can get in 1.5 crores around the world with amenities people cant even dream of.
                  do u know how much shud b ur salary if u really want to buy this supposedly 3 crore flat (yellow 40 year old 1700 sq ft flat which gives luk of a toilet frm outside, in developed countries where prices r half than what u r quoting for this flat even toilets r better looking). coming back to the point if u want to buy a 3 crore property do u knw how much shud b ur salary per month in order to successfully pay emi's ?
                  Ruchika1,

                  Thanks for your inputs!

                  Delhi and Gurgaon are not comparable. Delhi has basic infrastructure far better than Gurgaon, however Gurgaon commands premium only in Private Housing, which unfortunately was missing in Delhi till recently when a few private builders including DLF, Parsvanath, Indiabulls, Raheja and Uppal have started a few projects.

                  The basic difference between Gurgaon and Delhi is the land value. The poshest of Gurgaon does not command more than 2 lakhs psy whereas average colonies in North,East and West Delhi are close to 4-5 lakhs psy, forget South Delhi. There are plenty of businessmen who are willing to spend any amount to stay in North Delhi due to proximity of their business and work place in Chandni Chowk, Sadar Bazaar, Azadpur Mandi etc., and these guys are so cash rich that spending a few crores on property is no big deal for them. Secondly, as you have mentioned that these are Lala kids, which is true, they have plenty in hand, and they just need to sell something smaller to buy something bigger, and they are not the ones worrying about EMIs.

                  A small 40 sy floor with carpet area of 400 sft is touching 60 lakhs, and here bigger floors are selling upto 6-8 crores, and people are buying. As Gaurav has mentioned the avg rate of sub 2 cr. exists only in 3BHK of size sub 1200 sft, and bigger flats are not too many in this area. The era of luxury housing has started less than 10 years back, whereas this area developed about 20 years ago, yet there are people unwilling to move out, due to their preferences.

                  The rates mentioned are actual rates, and a large sized 4BHK, in an average CGHS is actually around 4 Cr., and hardly 2-3 deals are available in entire market. This is my personal experience after roaming for more than a week...

                  Comment

                  • #19

                    #19

                    Re : Cost of a 3 BHK in Pitam Pura CGHS

                    Originally posted by mkg007 View Post
                    Ruchika1,

                    Thanks for your inputs!

                    Delhi and Gurgaon are not comparable. Delhi has basic infrastructure far better than Gurgaon, however Gurgaon commands premium only in Private Housing, which unfortunately was missing in Delhi till recently when a few private builders including DLF, Parsvanath, Indiabulls, Raheja and Uppal have started a few projects.

                    The basic difference between Gurgaon and Delhi is the land value. The poshest of Gurgaon does not command more than 2 lakhs psy whereas average colonies in North,East and West Delhi are close to 4-5 lakhs psy, forget South Delhi. There are plenty of businessmen who are willing to spend any amount to stay in North Delhi due to proximity of their business and work place in Chandni Chowk, Sadar Bazaar, Azadpur Mandi etc., and these guys are so cash rich that spending a few crores on property is no big deal for them. Secondly, as you have mentioned that these are Lala kids, which is true, they have plenty in hand, and they just need to sell something smaller to buy something bigger, and they are not the ones worrying about EMIs.

                    A small 40 sy floor with carpet area of 400 sft is touching 60 lakhs, and here bigger floors are selling upto 6-8 crores, and people are buying. As Gaurav has mentioned the avg rate of sub 2 cr. exists only in 3BHK of size sub 1200 sft, and bigger flats are not too many in this area. The era of luxury housing has started less than 10 years back, whereas this area developed about 20 years ago, yet there are people unwilling to move out, due to their preferences.

                    The rates mentioned are actual rates, and a large sized 4BHK, in an average CGHS is actually around 4 Cr., and hardly 2-3 deals are available in entire market. This is my personal experience after roaming for more than a week...
                    Don't argue with Ruchika. She hardly comes out of her house and the leg work on the basis of which she quotes the prices of a region has been done a decade ago. Since then, she is saying that the prices are hyperinflated.

                    Guys, we very well understand that the prices quoted are simply absurd, but still no seller is compromising on price front. I really do not know how this broker builder lobby is keeping up this hyper inflated prices, but this seems to be the destiny as of now. No good apartment is selling without a hefty premium. Your call: take it or leave it.

                    Ruchika ji: If possible, become a broker. shayad ham sabko kuch saste ghar mil jaayenge.
                    Last edited December 2 2012, 09:53 PM.

                    Comment

                    • #20

                      #20

                      Re : Cost of a 3 BHK in Pitam Pura CGHS

                      I agree that house prices even in California are cheaper than Pitampura. I wish I had a U.S. visa and could go and buy a house there. But I can't, so the argument is worthless.

                      Originally posted by ruchika1 View Post
                      u really want to buy this supposedly 3 crore flat (yellow 40 year old 1700 sq ft flat which gives luk of a toilet frm outside, in developed countries where prices r half than what u r quoting for this flat even toilets r better looking)

                      Comment

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