After real long negotiation :bab (60): with broker i finally gt a :bab (41):deal in 2670 in NO EMI TILL POSSESSION.

Have booked a flat in Tower P 1675 area on 12th floor, hiway facing.

Koi hai mera :bab (55):neighbor ???

Heard that they are going to increase the rates by Rs 200/ sq ft from 1st Aug onwards :bab (39):

Anything related to above is more then WELCOME :D

Kindly share your views
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  • 3500!!

    Originally Posted by amitgup
    also 100 rs goes to ramprastha so 2800 seems to be impossible... in my opinion resale price should around 10-15% less than fresh booking around 3500... construction stage is not so imp as the area is not livable yet and i agree that it will take 3 years to be livable....

    but its very strange that no one knows the exact resale price... did someone really manage to resale... i have property in sec 83 as well and resale price is quite clear there... this is something unique to Ramprastha... may be most people are end user and no real seller in the market...


    I think the fresh booking price in 5000 INRPSFT. it is no 3500. :) so calculate 10 15 % less
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  • Guys, Do you know the actual price on it was sold??

    Edge tower, it was sold nearby @2200... Infact I talked to the buyer who booked in @2300.. and planning to sell for @3500.. But I find the price very expensive. I do not think it should be more than @3000.. It is better to take DLF New Town @3300 in resale..

    Atrium, 2bhk, 965sqft flat was sold for 22 lakh 50 thousand all lnclusive... 3bhk, 1195sqft was sold around 28 lakh all inclusive..

    So what do you think the premium should be?? If the builders are selling @5000 then why investors are willing to sell in @3500 or @4000.. they could ask @4500 or more...but they know they can not get the buyers..

    When the people have made 80% payment, then it is not so easy to sell the flat.. unless the people have started living into it.. resale price comes down at this stage.. people would prefer to make payments under CLP plan on higher price instead of making full payment... they do not get loan also easily..the big component has to be given in black... that is why the resale price are much lesser compare to new launch...when 90% payment is done...

    I think we should not believe in big hypes.. if you own the flat, then try to sell it.. ask for the token amount.. if u do NOT get token amount then keep reducing the price further until u get token amount in hand.. this way u will be able to find out the actual resale market price....

    How many of you "real Unit Holders" have manage to sell your flat in more than @3000 ???
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  • Good point Richa ji, mittal ji may i know the name of your broker; seems that he has very good grip in the area. I am just wondering how confident you are to get a deal below 3000, if i were you i would not have thought for a sec to grab it. Broker detail plz, if you dont mind sharing
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  • Originally Posted by neerajgandas
    Arsh ji, Mittal Sab is expecting to crack it @2800..because he thinks that flat will not be livable for the next3-4 years, whereas my perception is bit different; I believe max 1.5-2 years and you will see bunch of families.
    and if somebody bought it at 2600, 9.25% rate for 3 years....approx cost 3200 ke ass pass aayegi, koi 2800 ke liye kaise ready hoga;;
    Just my POV how i see it


    ==> Calculate the interest rate on the payments you have made (not on the complete price).. (these are sold in CLP plan, not on down payment plans)

    It was sold on @2200 or may be lesser after dealer discount at the time of launch.. if you calculate the interest rate on all the payments done.. and even if you sell for @3000 you would be getting more than 30% annual return on all the payments made so far
    ..

    If any one has the date of the payments.. then do the calculation and you would be getting more than 30% annual return even if you sell for @3000

    Neeraj, if own the flat and have the approx dates of the payments then do the interest rate calculation and you will know the real return..
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  • Sorry mittal ji I can not agree with you. But I am again saying to everyone, if you get any offer below 4000 go and grab it. And if you have anything @3000 tell me also I will buy ( please don't take in other way I am serious).



    Originally Posted by pkmittal
    ==> Calculate the interest rate on the payments you have made (not on the complete price).. (these are sold in CLP plan, not on down payment plans)

    It was sold on @2200 or may be lesser after dealer discount at the time of launch.. if you calculate the interest rate on all the payments done.. and even if you sell for @3000 you would be getting more than 30% annual return on all the payments made so far
    ..

    If any one has the date of the payments.. then do the calculation and you would be getting more than 30% annual return even if you sell for @3000

    Neeraj, if own the flat and have the approx dates of the payments then do the interest rate calculation and you will know the real return..
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  • Nilesh, can you please be specific? on which you point you do not agree?? About the returns? Do you agree that it would be arpprox 30% annual returns on all the payments made so far..?(assuming 2200 as BSP and 3000 is selling price)

    I am not saying that I have a deal in @3000.. What I am telling is that some one is planning to sell for @3500 but I find it expensive.. I am also not saying that you will get many sellers who will sell the flat in lower price..

    What I am saying is that if you own the flat and have made 80% of the payment and then try to sell it hard.. if you really sell below the market price then i think it should not take less than one week to sell the flat.. lets say the market price is @4000.. then try to sell it for @3500.. I do not think you will get token.. try to sell for @3200.. I do not think you will get token amount..

    If you quote @4300 also the brokers would always make you feel that they have client.. but ask them for token amount and they would not get it even for @3300...

    May be between @2800 to @3000, you can get token amount from genuine buyers..

    Hope it is clear.. If I am wrong then let me know..
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  • Mittal sir, with due respect, I am not trying to prove you wrong, but I can not agree with you when you say that person is making 30% yoy if he sell at 3000. Yes it is ok on paper but what about market price, selling your inventory below market price is not a good move just bcos you are making good profit, it somebody is doing it it is called distress selling. Yes here we do not know resell market price but when fresh booking is available at 5000(I am not sure) selling your aprmnt at 3000 which is 40% less than this is not a good business move( I am not a business man, but this is my POV)

    My father bought land in Pune about 10-12 yrs ago for 5lac per acre near Mercedes plant, now prevailing rate is more than 1 cr per acre so if my father decide to sell it below 1cr just becos he is making good profit yoy is not a good move.
    But then again as I said if anyone have offer below 4000 go and grab it.



    Originally Posted by pkmittal
    Nilesh, can you please be specific? on which you point you do not agree?? About the returns? Do you agree that it would be arpprox 30% annual returns on all the payments made so far..?(assuming 2200 as BSP and 3000 is selling price)

    I am not saying that I have a deal in @3000.. What I am telling is that some one is planning to sell for @3500 but I find it expensive.. I am also not saying that you will get many sellers who will sell the flat in lower price..

    What I am saying is that if you own the flat and have made 80% of the payment and then try to sell it hard.. if you really sell below the market price then i think it should not take less than one week to sell the flat.. lets say the market price is @4000.. then try to sell it for @3500.. I do not think you will get token.. try to sell for @3200.. I do not think you will get token amount..

    If you quote @4300 also the brokers would always make you feel that they have client.. but ask them for token amount and they would not get it even for @3300...

    May be between @2800 to @3000, you can get token amount from genuine buyers..

    Hope it is clear.. If I am wrong then let me know..
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  • Originally Posted by richhaah
    I think the fresh booking price in 5000 INRPSFT. it is no 3500. :) so calculate 10 15 % less


    Fresh booking price is Rs 4000/sqft in RP (for the current project RISE) less broker discount..
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  • yes I think you are right, 5000 is new figure for me.

    Originally Posted by nikhilyadav
    Fresh booking price is Rs 4000/sqft in RP (for the current project RISE) less broker discount..
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  • Resale in 3500/-persqft with 1-1.25 yrs possesion time - Just Grab it....

    Originally Posted by pkmittal
    Hello, I have thought of taking the flat in Ramprastha Edge Tower if some one plan to sell it on realistic resale price.. (not based on market hypes).

    I would be intereted in 2 bhk. What do you think what should be resale price?

    Dealers are quoting around @3500. However for some of the towers more than 80% payment is done. (like Tower I). The resale price of @3500 for those tower where we have to pay almost full amount seems to be very high.. considering the fact that the area would not be livable before 3 to 4 years.

    I think between 2800 to 3000 should be the actual price for those towers.

    Individuals tell that they have already got offer for 3500. I think none of those buyers turns up when you ask for token amount.. Has any one got the offer of @3500 with the token amount in hand??

    Please help.. I do not think paying more than @3000 make sense...


    Hi,

    If you book RP Rise at this stage the total cost comes out to be about 4600/- per sqft excluding registration charges on possesion and of course it includes brokers discounts as well, that too for 3 BHK only. The possession will be after 3 years(minimum).

    Actually majority of the buyers of RP are end users because of the lengthy lock-in period before. Resale was opened in Jan 2012 for Atrium only.

    Even if majority of buyers were end users at the time of registration, but there are always some buyers who are willing to take profit by selling at the later phases of construction for one or other reasons. As far as I know most of the Atrium buyers are only gauging the market rate at this stage, because its going complete in another 1-1.25 years from now.

    The way you are calculating the profit earned by intial buyers of Atrium and you too want to get benefited by their decision, looks impractical to me, seller is always sell his investment at the prevailing market price until and unless he is in urgent need of money.

    If you are an intellegent nagotiator, you can crack a deal of your choice but it is not that easy in this case because of the advanced stage of construction(Atrium) with positive news of the good progress in letigation free stretch of Dwarka Expressway with connectivity from NH8 side with in 6 months.

    Also ongoing construction of Sector road between 37C and 37D is a new positive trigger point for properties in 37C and 37D sectors.

    My POV is that you are getting such a deal of 3500/- BSP that too for 2 BHK then it is certainly a good decision to enter at this stage.

    BTW if you are an investor and believe that real estate bubble is going to burst very soon then you can wait for sometime at at your own risk:D


    :bab (48):
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  • Nilesh, I do not find your reasoning clear and structured...please do not mind and take it easy :-)

    You do not agree that it would be 30% annual return?? Do the interest rate calculation and let me know how much return it would be? (assuming @2200 BSP and @3000 is selling price)

    I am not saying that people should sell thier inventory below the market price.. What I am saying is that Try to sell hard on lowest possible price in one week of time to get token amount.. and then actual resale price could be 200 Rs psft extra than desperate selling. (which is approx 3 lakh rs higher)

    If you do not know the resale market price then how do you say it is @4000?? Do you say it is based on brokers? It is calculated based on demand.. based on what you get if you go for sell...

    When you say that new booking is available between @4500 to @5000 that means that you do not pay 80% payment now.. you pay it over 2 to 3 years.. So do not get confused with the new booking price and with the price where you have to pay full payment now..

    These things are not comparable with the land in different city.. There are 1000's of units of flats are sold ... and there are thousands of buyers and sellers..

    There are only few ppl who make decision based on hypes in the forums... so if you say that grab it if something is available lesser than @4000.... ppl will not grab it ;-) Not even 100 ppl who have booked in Ramprash are talking here.. just few of them.. and most of them are not even owner.. s

    Here we want to discuss about the real picture of reality not the hypes.. We want to know the results of real experiments.. want to hear the experience of real buyers and real sellers..

    So if some real seller is really getting token amount at @3500 or higher then please lets us know.. and also if there are buyers who has made decision to buy @3500 and ready to pay 90% of the payment then also lets us know...

    Cheers
    Pradeep















    Originally Posted by Nilesh Dhore
    Mittal sir, with due respect, I am not trying to prove you wrong, but I can not agree with you when you say that person is making 30% yoy if he sell at 3000. Yes it is ok on paper but what about market price, selling your inventory below market price is not a good move just bcos you are making good profit, it somebody is doing it it is called distress selling. Yes here we do not know resell market price but when fresh booking is available at 5000(I am not sure) selling your aprmnt at 3000 which is 40% less than this is not a good business move( I am not a business man, but this is my POV)

    My father bought land in Pune about 10-12 yrs ago for 5lac per acre near Mercedes plant, now prevailing rate is more than 1 cr per acre so if my father decide to sell it below 1cr just becos he is making good profit yoy is not a good move.
    But then again as I said if anyone have offer below 4000 go and grab it.
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  • Mittal ji, Nobody is going to buy at 4000 bcos I am saying so, or nobody is going to sell at 3000 bcos you have proved it to be profitable. All I am saying is selling your unit at 3000 just bcos you are making 30% yoy profit is not a good decision, this is what I am thinking & if any one is happy with 3000 he can do it. and as Designer have said many people are trying to judge market right now. And as you said we dont know what is market price. It may be 2800-3000-3500-4000 atleast we dont know.
    Sorry if I am not able to make point clear, may be bcos I am hardcore Design Engineer who love to talk on Technical front rather than on Managerial or Financial front.



    Originally Posted by pkmittal
    Nilesh, I do not find your reasoning clear and structured...please do not mind and take it easy :-)

    You do not agree that it would be 30% annual return?? Do the interest rate calculation and let me know how much return it would be? (assuming @2200 BSP and @3000 is selling price)

    I am not saying that people should sell thier inventory below the market price.. What I am saying is that Try to sell hard on lowest possible price in one week of time to get token amount.. and then actual resale price could be 200 Rs psft extra than desperate selling. (which is approx 3 lakh rs higher)

    If you do not know the resale market price then how do you say it is @4000?? Do you say it is based on brokers? It is calculated based on demand.. based on what you get if you go for sell...

    When you say that new booking is available between @4500 to @5000 that means that you do not pay 80% payment now.. you pay it over 2 to 3 years.. So do not get confused with the new booking price and with the price where you have to pay full payment now..

    These things are not comparable with the land in different city.. There are 1000's of units of flats are sold ... and there are thousands of buyers and sellers..

    There are only few ppl who make decision based on hypes in the forums... so if you say that grab it if something is available lesser than @4000.... ppl will not grab it ;-) Not even 100 ppl who have booked in Ramprash are talking here.. just few of them.. and most of them are not even owner.. s

    Here we want to discuss about the real picture of reality not the hypes.. We want to know the results of real experiments.. want to hear the experience of real buyers and real sellers..

    So if some real seller is really getting token amount at @3500 or higher then please lets us know.. and also if there are buyers who has made decision to buy @3500 and ready to pay 90% of the payment then also lets us know...

    Cheers
    Pradeep
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  • Since investment in CLP works on leverage - the returns are quite higher than DP for same sqft rise. Leverage means the buyer did not put all money in the project hence his RoI is much higher so you have a valid point here Pradeep.
    However, discussions on prices are futile because prices are rather driven by demand/supply and not due to any other reason. It may be useful to focus on supply coming up in this area:
    I am not aware of the of all the projects which have been launched during same time period as RP edge but there is a fair supply of units coming up in the New Gurgaon Area. Can someone help me here - especially who is recently done some footwork on these locations.

    DLF NTH - 86,90,91 - 4k units
    Raheja Sampada,Atharva,... - ?? Units
    India Bulls Centrum - ?? Units
    SARE Crescent Parc - ?? Units
    Ram prastha - Edge,Sky,Atrium - ?? Units
    Orris Carnation - ?? Units
    Tulip Petals - ?? Units
    Bestech - Ananda ??
    Anantraj Maceo -??
    ..
    I must have missed many... lets see if we can build this up, here or in a seperate thread..
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  • Mittal Ji I can understand your dilemma... specially because i had gone through it 2 years back. Believe me sir...if you really have someone offering you 3500, dont hesitate to step ahead..still prices has to go a long way..
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  • Neeraj, I would never buy @3500 at this stage and make complete payment now.. I would prefer to buy when dwarka expressway starts and when builder has completed all the development including park etc.. at that time I would buy @7000 to @8000.. (and I think it would take 5 years for the builder to complete all the projects which are currently running.. rise, skz etc... ).

    I would prefer to buy 1195 SqFt.. 3bhk flat in atrium project... The price range of @2800 to @3000 is comfortable for me.. not more than that when i have to pay 90% of the payment..

    Lets see if we hear from some real seller who really manage to sell even on @3200.

    Pradeep






    Originally Posted by neerajgandas
    Mittal Ji I can understand your dilemma... specially because i had gone through it 2 years back. Believe me sir...if you really have someone offering you 3500, dont hesitate to step ahead..still prices has to go a long way..
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