:bab (59): I have confirmed news that Vipul is coming out with new residential project in sec 81/ 82 in coming days . Do anyone has any information about sizes , price & exact location !

Also I need members advise on short term investment in Vipul in comparision with Bestech .:bab (4):
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  • First on the resale - The resale value/price goes down . As the number of buyers in the market reduces & people wanting to get out of the investments start making desperate sale, the prices start sliding down . The downtrend depends on the severity of the correction, how long does the correction last & correspondingly, the desperation of the investors, looking to exit .

    Prices of the new projects r not reduced by the builders ( at least i am not aware of that happening ) . What happens is that builders through the brokers start offering freebies like free garage, free power back up, increased broker discounts etc. etc. So effectively, u may pay less for the same project, if there is correction . Again the extent of freebies, depends on the severity & duration of the correction .


    Members, please correct me, wherever, i am wrong & add on points, i may have missed upon . :)


    Originally Posted by noobinre
    I wasnt tracking the RE market when the downturn happened in 2008-2009.
    so qs for ones who were tracking it -

    1. did builders reduce the price for existing projects by a certain % when it happened? So if sale were happening at 2500, did newer people get in at rates < 2500?
    Or
    2. did they start offering other free add ons etc?
    3. Were new comparable projects launched at lower prices than prevalent market rates? Eg. if Emaar had launched emerald floors at say 2500, did you see emaar launching emerald floors-2 at 2300?

    Pls note that builder names & prices are just examples.

    Just trying to understand what a 5-10% drop really means in monetary terms. Is it just resale market or new launches too.
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  • Originally Posted by noobinre
    I wasnt tracking the RE market when the downturn happened in 2008-2009.
    so qs for ones who were tracking it -

    1. did builders reduce the price for existing projects by a certain % when it happened? So if sale were happening at 2500, did newer people get in at rates < 2500?the only two projects i know which reduced prices were DLF belaire and Express Greens manesar. Dont remember the exact % all others did not change prices
    Or
    2. did they start offering other free add ons etc? none did that as far as i know
    3. Were new comparable projects launched at lower prices than prevalent market rates? Eg. if Emaar had launched emerald floors at say 2500, did you see emaar launching emerald floors-2 at 2300? no fresh launch at similar locations were priced higher than the existing ones

    Pls note that builder names & prices are just examples.

    Just trying to understand what a 5-10% drop really means in monetary terms. Is it just resale market or new launches too.
    the drop is only in resale market... this is more pronounced in plots as there is no benchmark pricing there even in same sector. here also those who are keeping very close tab benefit. others keep waiting for prices to drop further and suddenly prices start moving up again and most are not able cash in on drops.

    the only example i know where the prices did not gain and appts are still available at below their launch even after 4/5 yrs is unitech verve in greater noida
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  • demand letter -- vipul 81

    Yesterday I have received demand letter for 3rd installment . It is dated 26th Nov & last date is 8th Dec but we received this courier on 13th dec . I had similar situation for 2nd demand letter also. Is it same situation for other buyers of Vipul Lavanya or there is some bad intention of Vipul management behind this late posting of letters ?
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  • Talk to the management of Vipul, could be wrong intentions or some bum handling these demand letters .
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  • Originally Posted by tinesha
    Yesterday I have received demand letter for 3rd installment . It is dated 26th Nov & last date is 8th Dec but we received this courier on 13th dec . I had similar situation for 2nd demand letter also. Is it same situation for other buyers of Vipul Lavanya or there is some bad intention of Vipul management behind this late posting of letters ?

    Its not your fault. Vipul posted the letter late.. Hope they doesnt impose fine on you...talk to the management...
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  • You can do two things here:
    1)Send them a official email clearly mentioning that courier was received late & hence you should be given atleast 15 more days for arranging the payment.
    2)At the time of making payment, ask them for a letter stating that there are no dues remaining as on date. Builders are known to claim these late payment interest at the time of giving possession.
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  • DelhiInvestr, good suggestions . :)
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  • anybdy heard abt the phaseII of vipul? any price and time indication?
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  • Here is one more person who agrees with Tinesha. I just invested 1780 sq ft in Vipul 2900. I also think that Industries will move. Even if they don't, it is still a good investment.

    One more thing, Bestech lost atleast one buyer (I had plans to invest there but they forced me to switch).



    Originally Posted by MANOJa
    It is more of an individual decision . As tinesha rightly says, no project is 100% perfect & she is sticking to Vipul, since, this investment has proved fruitful for her & she sees a lot of potential in the project . Many people do not agree to, what tinesha thinks .

    So choose, as per what u think is best for u . Some would agree with tinesha on Vipul & some will not .
    :)
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  • Originally Posted by agrim75
    eventualy difference between Vipul and Bestech will not be more than 250-300 rs in long run say 2 yrs once construction starts, this is what is difference between so called premium flat with ACs and modular kitchen and normal flat which vipul plan to offer.Vipul will catch after next demand ,till than weaker hands will exit.


    We have Vipul Green & Bestech park view on sohna road . Both are selling at similar price . Having said this , ROI will be definitely better in Vipul Lavanya at 2600-2900 than Bestech Ananda at 4000-4250...
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  • vipul sample is ready. should be open next week. they have revised their 4 bhk to 3325. plan to revise other sizes by 100/200 next week..

    Originally Posted by agrim75
    definitly yes both are quality builder of repute,rate of return would be better in vipul once area is developed ,sector roads are made.
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  • Guys whats the current resale rte for a 3 BHK Vipul
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  • I am interested to buy vipul in resale 3 BHK, if any body is interested to sell PM me....

    I have received quotes of 2900 for 2 BHK and 2800/2850 for 3 BHK, and they seemed negotoable
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  • Vipul vs Bestech - 81 - small observation

    Vipul has 4 flats per floor where as Bestech has 6 flats per floor...
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  • people in touch with brokers, please contribute on the resale price of the project for a 2 and 3 BHK
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