Hi friends,

Need some quick advice on upcoming Tashee Capital Gateway, Tashee Group, Sector 111, Dwarka E-way, Gurgaon

The project is located on Delhi border and very close to Dwarka phase 2 & International airport and on Dwarka expressway with very close Metro station
Also it shares the close vicinity of DDA 9 hole Golf course & Diplomatic enclave of Dwarka phase 2.

The Mehrauli - Najafgarh road is also fully operational and hits NH8 near Toll bridge.

All in all a great location.

Project is by Tashee group-- need suggestions on the same.

Kindly help out seniors. :D
Read more
Reply
983 Replies
Sort by :Filter by :
  • How do you know broker commission is 3%?
    and I am confident a group of 10 would make the builder bend towards us, he is a new builder and this would be his first project of his own, without any JV. He would be glab to see a group coming to him to make a booking rather than us going through a broker.

    BTW, which broker told you about the project and how much discount did they say would be possible to give?

    P.S: it still is a ricky project as approvals would not be easy to get being near to the diplomatic area and the ariport. Brokers say they have all the approvals but i doubt specially when their previous launched project is yet to get clearance from HUDA and they are still struggling to get the approvals. Resale value of the previous 2 projects are below the price they were bought at..

    But sector 111 would surely have locational advantage, strange thing is the fact that all projects in between sector 108-sector 112 has very less rate, compared to what i though! what is the catch, does anyone know? has anyone been to the site of sector 111?

    Originally Posted by durb100us
    Sacho ,

    Very good observation done by you.

    I completely agree with you as after digging out for long i also got to know the same facts that 2bhk have been sold out completely and most probably brokers have bought it in bulk and their lips are sealed regarding this project as they will sell it later with high premium when the project will be officially launched.

    That builder-broker nexus is ridiculous. When will a common middle class person like me will be able to make profit ???

    See there are many positive points of this project and location is any given day far better then any other project located on or near Dwarka Express highway as its almost touching Dwarka phase 2.

    The broker discount is only 3% that too with top of line broking firms, so i have my doubts that in this project a group of 10 buyers will be entertained. We will be enrouted thru broker only. So all together a discount of 13% can be expected and as stated the ball is in hands of broker now, so the rates will go higher and higher in coming few months only like SATTA BAZZAR

    No doubt as you said location is the biggest advantage of this project.

    Also renting it out to cabin crews will fetch good returns in future, else we can rent it out to corporate clients too.

    As far as risk is concerned, i don't see it risky coz it's from the land bank of Tashee group only where Spire Central and other projects of Spire Millennium is coming and they are one of three partners in Spire south and central project & of course there is always a first time.

    I think they would do better as its their first project and thru which they will make their mark in Gurgoan in coming days.
    CommentQuote
  • I came to know thru a local broker that the broker discount as of now from builder is 3% and he only told me that 2BHK are sold out completely and few of 3BHK are left.

    2BHK will be available in Phase 2 , but on much higher rate later down the line.

    The previous two projects are in partnership with Spire.

    This one will entirely be the entity of Tashee group.

    Also please find out rates of Raheja Shillas, Atharva project at Sec 109.

    You will get a shock as they are Rs 3400+ and only bigger sizes are available and they all are 4-5 km away from sec 111.

    So prices are going higher on Dwarka Expressway projects, even Ramprastha have increased prices to Rs 200 per Sq ft and by mid of Aug they are revising again.

    Mahindra project Aura is completely sold out too and phase 2 of that will only be given to his employees i guess.

    The moment there will be a confirm news of commencement of work of Dwarka Expressway & Metro train will come into market, the prices will go sky high of entire Dwarka Projects.

    Also sec 111 is not only relying on Dwarka Expressway for its connectivity , but it has Mehrauli - Najafgarh road fully functional and Airport road too.

    I am planning to visit the site next Saturday , will have better picture then.
    CommentQuote
  • I can also think of buying 3BHK but will take decision after I know final price....:bab (38):
    CommentQuote
  • It amazes me to see the kind of risk appatite todays investors have!!!
    Some project from some builder who is one of the partners of a group which is yet to deliver a project plans to launch a project and LO!!!
    Its sold off even before any body has any details...
    If somebody finds a rate of 2800 cheap then better to invest in DLF manesar and new town heights.. How ever remote the location may be presently at leat the project is there to see.
    I would rather go with Class A builder as tinisha said rather than some run of the mill builder, and loaction which still has a long way to go...
    God knows when Dwarika phase 2 will develop, when the new diplomat enclave will come up..
    If you can get in and make quick moollah then great otherwise god bless!!!
    CommentQuote
  • Originally Posted by AmitMM
    It amazes me to see the kind of risk appatite todays investors have!!!
    Some project from some builder who is one of the partners of a group which is yet to deliver a project plans to launch a project and LO!!!
    Its sold off even before any body has any details...
    If somebody finds a rate of 2800 cheap then better to invest in DLF manesar and new town heights.. How ever remote the location may be presently at leat the project is there to see.
    I would rather go with Class A builder as tinisha said rather than some run of the mill builder, and loaction which still has a long way to go...
    God knows when Dwarika phase 2 will develop, when the new diplomat enclave will come up..
    If you can get in and make quick moollah then great otherwise god bless!!!

    AmitM,

    You are right.
    I have seen Gurgoan from days when people used to only go there to get booze in black.

    The place in past 10 years have changed phenomenally.

    Close proximity to airport was one of the prime USP.

    Same thing happened at Dwarka phase 1 also.

    So 2800, close to airport is not a bad deal i believe.

    I have invested at Indirapuram 5 years back at rate of 1800 nd hve recently sold in 3400 rate.

    Same was the outlook on Indirapuram also but today is one of the most happening place.

    Agreed that A class builder hve more reputation in market and is safe investment but returns cant be compared.

    If everything goes right and Dwarka expressway & Metro train projects takes place in next 4 years then in this project only you will see rates of 6000 to 7000 in next 6-7 years with extremely high rentals.

    Even if ill have to invest in Manesar, DLF will be last on my priority list.

    I would rather bet on Vatika next or Orris Carnation then DLF or Rahejas
    CommentQuote
  • Tashee Group

    Hello All,

    Even I was very much interested by the impressive facts given to me by the broker. I was about to make the cheque payment .... and Just in time I consulted the same from one of my relative a very senior HUDA executive (retired) and now working with a real estate major.

    1. Dwarka Expressway is on a very slow track and there is hardly any possibility for it to be completed by 2021 and the same is true about the metro also.

    2. Even if it moved on a fast track. This is a day dreamer type of scenario from HUDA which is not even backed by NHAI or delhi government. Even if HUDA does it part promptly, Delhi government after commonwealth games would neither have energy or funds to execute such ambitious projects. It going to hibernate for some time after doing so much of work. Hence he was of view that the Express way will end up at gurgaon border and the 3 KM streach from gurgaon to nagafgarh road is not likely to be constructed easily.

    3. That part of the Gurgaon lies on the bank of railway track and there are many small establishments and colonies aroud the track which are pending for regularization and most probably would be regularized by 2012. so this appartments would be surrounded by that stuff.

    4. The DLF part of gurgaon is at a premium because of proximity to South delhi where there is not much space left (south delhi) and hence is quoting around 1/3 - 1/4 of the land prices as compared to south delhi (which are 3-4 lacs per sq. yard and in gurgaon 80000- 1.2 lkh / sq yard) If we take these stats 1st of all there are ample flats lying vacant in Dwarka and also 9000 acres of residential land to come up for phase 2. going by that factor anything above 3200 per sqft with good connectivity looks to be expensive.

    5. There would always be a divide in North Gurgaon and South Gurgaon in terms of property rates and it is in North Delhi and South Delhi and hence the rates in North gurgaon in future wont be more that 40-50% compared to the rates in South gurgaon given that both have same sort of locality and surroundings.

    I got discouraged by these stats and for now i am not going for this project but would be looking for something around Faridabad road... even if I have to settle for a 2BHK instead of 3.

    Your view folks?

    Rgds,
    Gaurav
    CommentQuote
  • Your post has completed diverted me off the project!
    I hope you are not one of those agents/broker who would want people to stay away from this project so that the next best project gets into the eye of others. I am not doubting your authenticity but i am sure you would know what i meant.
    Between, i like the location a lot but havn't visited the site so can't really counter your views..

    Originally Posted by gaurav_chugh
    Hello All,

    Even I was very much interested by the impressive facts given to me by the broker. I was about to make the cheque payment .... and Just in time I consulted the same from one of my relative a very senior HUDA executive (retired) and now working with a real estate major.

    1. Dwarka Expressway is on a very slow track and there is hardly any possibility for it to be completed by 2021 and the same is true about the metro also.

    2. Even if it moved on a fast track. This is a day dreamer type of scenario from HUDA which is not even backed by NHAI or delhi government. Even if HUDA does it part promptly, Delhi government after commonwealth games would neither have energy or funds to execute such ambitious projects. It going to hibernate for some time after doing so much of work. Hence he was of view that the Express way will end up at gurgaon border and the 3 KM streach from gurgaon to nagafgarh road is not likely to be constructed easily.

    3. That part of the Gurgaon lies on the bank of railway track and there are many small establishments and colonies aroud the track which are pending for regularization and most probably would be regularized by 2012. so this appartments would be surrounded by that stuff.

    4. The DLF part of gurgaon is at a premium because of proximity to South delhi where there is not much space left (south delhi) and hence is quoting around 1/3 - 1/4 of the land prices as compared to south delhi (which are 3-4 lacs per sq. yard and in gurgaon 80000- 1.2 lkh / sq yard) If we take these stats 1st of all there are ample flats lying vacant in Dwarka and also 9000 acres of residential land to come up for phase 2. going by that factor anything above 3200 per sqft with good connectivity looks to be expensive.

    5. There would always be a divide in North Gurgaon and South Gurgaon in terms of property rates and it is in North Delhi and South Delhi and hence the rates in North gurgaon in future wont be more that 40-50% compared to the rates in South gurgaon given that both have same sort of locality and surroundings.

    I got discouraged by these stats and for now i am not going for this project but would be looking for something around Faridabad road... even if I have to settle for a 2BHK instead of 3.

    Your view folks?

    Rgds,
    Gaurav
    CommentQuote
  • Some more info..

    Just got to know this project is not approved by regulatory body yet...
    Its just in agreement stage between land owners and builder... thats why no info about the maps or floor plan exits... No one will even show you exact site map and layout plan...

    And i m also just a s/w consulatan searching for a flat for myself..

    Rgds..
    Gaurav
    CommentQuote
  • Have not invested in even a single project on the Dwarka Expressway, since i feel projects there would take up 8 years or more to give appreciable returns, psf may double in 8 to 9 yrs. Not worth taking the risk, better put that money in a FD, with any bank.

    Not sure about the comments of Gaurav on North versus South Gurgaon. What area the projects on NH8 ie. Sectors 77,81,82,84 etc. fall in ie. North or South Gurgaon.

    Please comment

    Originally Posted by gaurav_chugh
    Hello All,

    Even I was very much interested by the impressive facts given to me by the broker. I was about to make the cheque payment .... and Just in time I consulted the same from one of my relative a very senior HUDA executive (retired) and now working with a real estate major.

    1. Dwarka Expressway is on a very slow track and there is hardly any possibility for it to be completed by 2021 and the same is true about the metro also.

    2. Even if it moved on a fast track. This is a day dreamer type of scenario from HUDA which is not even backed by NHAI or delhi government. Even if HUDA does it part promptly, Delhi government after commonwealth games would neither have energy or funds to execute such ambitious projects. It going to hibernate for some time after doing so much of work. Hence he was of view that the Express way will end up at gurgaon border and the 3 KM streach from gurgaon to nagafgarh road is not likely to be constructed easily.

    3. That part of the Gurgaon lies on the bank of railway track and there are many small establishments and colonies aroud the track which are pending for regularization and most probably would be regularized by 2012. so this appartments would be surrounded by that stuff.

    4. The DLF part of gurgaon is at a premium because of proximity to South delhi where there is not much space left (south delhi) and hence is quoting around 1/3 - 1/4 of the land prices as compared to south delhi (which are 3-4 lacs per sq. yard and in gurgaon 80000- 1.2 lkh / sq yard) If we take these stats 1st of all there are ample flats lying vacant in Dwarka and also 9000 acres of residential land to come up for phase 2. going by that factor anything above 3200 per sqft with good connectivity looks to be expensive.

    5. There would always be a divide in North Gurgaon and South Gurgaon in terms of property rates and it is in North Delhi and South Delhi and hence the rates in North gurgaon in future wont be more that 40-50% compared to the rates in South gurgaon given that both have same sort of locality and surroundings.

    I got discouraged by these stats and for now i am not going for this project but would be looking for something around Faridabad road... even if I have to settle for a 2BHK instead of 3.

    Your view folks?

    Rgds,
    Gaurav
    CommentQuote
  • The projects on Dwarka Expressway are under the sheets and people only have speculations and assumptions about it, nothing concrete as such, infact all rumour based gossips.

    As far as Dwarka Expressway is concerned, then according to latest flash news, the matter of land coz of which the villagers had taken stay from court is over now and well settled.

    Villagers will be rehabilitated to Sec 44 , 43 and compensation have been given.

    Metro project is approved in Gurgoan 2021 master plan and might take time to come as before Dwarka Expressway Metro, the Golf course extension metro will take place, but not many people will rely on metro for commuting, it will be an added advantage but not the prime means of transport.

    Lot of people in this forum have not liked the Dwarka express way projects but the matter of fact is that investors and end users are investing like anything in thoz projects.

    Some of them are sold out completely and some are almost on the verge of.

    For ex Raheja Shilas, Raheja Atharva, Raheja Vedanata, Ramprastha Edhe, Atrium, The view, BPTP PARK serene, BPTP ESPACIO, Mahindra Life spaces Aura, Indiabulls Centrum park, ILD Spire, Spire sec 106, Ninex Corona, BPTP Fortune towers are few of ongoing projects with most of the units sold out.

    DLF have land bank in Sec 106 and at Dwarka phase 2, though they have not shown their cards as yet.
    CommentQuote
  • Tashee location at sec 111

    CommentQuote
  • Location is excellent, also check with Google map and if possible by visiting the site. I too surveyed the area around sec 109, and what I got a feeling is :
    1. Area is very near to dwarka and expressway will be a hit
    2. Area is near to Airport , a big plus point
    3. With broader roads and Metro will add to its benefits

    Negatives :

    1. Many conditions are attached, first and formost is Expressway Road
    2. Legal hurdles (not very clear cut information is available, so a doubt remains)
    3. And also I feel that there is Palam Vihar Extension where many plotted houses are build, so the area I did not find very clean and clear, like many other sectors where only farm land is visible.
    4. On one side its Railway line, and other side is a big drain , so u need to travel on orthcoming expressway only, unlike other HUDA sectors where u have multiple entry points

    5. Rate of property is not cheap so why to invest where time is not certain and so much dependency on Govt. Projects.

    Considering many ifs I had dropped the idea of investing there and opted on Sohna Road

    Only if u have spare money to gamble / or have patience to wait for some year (in worst case) then u invest here ...
    We generally gets carried away ....
    CommentQuote
  • Finally booked flat in Tashee

    :bab (22): Have finally booked two flats of 3bhk 2750 /

    2BHK'S were all sold out.

    Keeping my fingers crossed for 25th Aug , when the project will be officially launched :D
    CommentQuote
  • Originally Posted by durb100us
    :bab (22): Have finally booked two flats of 3bhk 2750 /

    2BHK'S were all sold out.

    Keeping my fingers crossed for 25th Aug , when the project will be officially launched :D


    Hi durb100us ,

    Congrats for booking 2 apartments in Tashee project, but always remember the proverb " not to put all yr. eggs in one basket ".
    CommentQuote
  • Hi durb100us,
    I am also interested in booking here... can you give me the price at which you booked? Also where you booked it from?
    Thanks...
    CommentQuote