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
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  • waves1234

    Originally Posted by MANOJa
    Spire would have real decent construction quality . U can make that out very easily from Spire Edge . I invested here, looking at Edge .


    Seniors please let me know is it good to invest in a project situated in a hilly area(Hill station)?
    Need your apt reply
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  • Originally Posted by waves1234
    Seniors please let me know is it good to invest in a project situated in a hilly area(Hill station)?
    Need your apt reply


    Its always good to invest in hilly areas, though maintenance is very high.

    I have one at Nainital and ROI is growing every year , irrespective of global slowdown and downfall in sen.

    The place remains always in demand and can be rented out during peak tourist seasons for extremely good rentals.

    But then again depends from area to area.
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  • Originally Posted by amit001
    Thst what happens at the peak of speculation premium get built in for things which wil happen in many years....I invested in Greater Noida in 2007, i have hardly made any return in that....i made the investment based on the story infrastruture, airport, education hub, night safari, racing track, metro, IT parks, city of future, foreign universities.


    I know it will happen and my investment will give me good return but its goona take 8-10 years and that investment at that time was a bad decsion...i bought into the story which will take 10 years to materialize..at the end its a simple game of demand and supply, things which are scarce will rise the most...

    that the reason for appreciation in delhi property and main gurgaon as there is limited or no supply....

    whatever appreciation in the short term had to happen on eway has happened..mahindra has increased from 2200 to 3300..if people think it will be 4400 in one year.....its is definately not gonna happen

    there is huge amount of supply ion expressway sectors....and all participantsd are investors...no end users


    This thread is taking an interesting turn: it has now more to do with the fate of Expressway. We have two set of people here: those who have faith in early delivery of E-way like me, Durb, sid etc. and those who have no such belief like Manoja, Amit001 etc.

    So to put things in proper perspective let us categorise the issues as follows:
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  • 1.UNCERTAINTY OF APPROVAL/ LATE APPROVAL/ LATE DELIVERY OF E-WAY:

     
    1.UNCERTAINTY OF APPROVAL/ LATE APPROVAL/ LATE DELIVERY OF E-WAY:

    Amit001 said
    "...Problem is people are building in premium for stuff which will take 5-7 years to happen today....."


    Yes the Eway is long due. The rates there are around 3,000 psf. Can you visualise what would have been the price today if E-way was fully approved/ already functional ? The rates would have been comparable to the existing NH-8 properties of course (5000 psf). But what would have been the rates if Diplomatic Enclave was already built and fully functional. Obviously, the rates of sectors 111 and 110 A etc. would have been close to those areas where the existing Diplomatic Enclave/ Shanti Path/ South Block is built and functional. Now, do you know the rates there? It is beyond anyone's guess. (Just recall the transformation of Pappan Kalan to Dwarka in 5 years, and increase of rates by 10-20 times in that period).
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  • 2. FATE OF DIPLOMATIC ENCLAVE:

    2. FATE OF DIPLOMATIC ENCLAVE:

    The Diplomatic Enclave was caught in litigation for years. The govt had scaled down plans of Diplomatic Enclave from 222 hectares to just 34 hectares due to litigation, but High court's order in March 2010 has brought old plan back. Now since 1996 hectares has been cleared in all, there is a lot of space available to make spaces like DLF's 6,000 crore International Convention Centre, DDA's golf course, new Dwarka sectors etc.
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  • E-WAY FOR SHORT TERM INVESTORS

    3. E-WAY FOR SHORT TERM INVESTORS: About 20 lakh+ people would apply for 16,000 DDA flats. More than 99% of unsuccessful applicants won't sit idle and some of then would be diverted to places as close to delhi as possible in March-April 2011, including e-way projects. At that time, Sobha would be entering at rates of 5,000+ for their 240 acre luxury township on Eway. The short term investors can then make hay, while the sun shines in April 2011. If someone says that Mahindra's 3,300 is the final frontier for e-way projects, the wait for Mahindra's Aura Phase-III at 4,000+ psf in 2011.

    4. E-WAY FOR LONG TERM INVESTORS: There remains no doubt that E-way would come in 2 to 3 years (18 kms. stretch can be built in 2 years) after litigation/ settlement of case, and also that Diplomatic Enclave would come up (say 5-6 years from now).The new E-way sectors would also take some 5 years to be habitable.If all that works well in 5 years, can you imagine the prices in sectors like 110 A, 111, 112 ? The prices would be far higher than any other place in Gurgaon for sure. Just wait to see the development in that corner of Delhi.
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  • 5. EVERY PLACE IS DIFFERENT

    5. EVERY PLACE IS DIFFERENT. Greater noida not giving returns does not mean that Palam Vihar also won't give returns. Similarly, Sohna Road giving returns doesn't mean that Palam Vihar would also give returns. The differentiating factor is proximity to delhi + availability of jobs. We have already seen that E-way has many SEZs + proximity to delhi as the main benefits. If Sohna Road would have been on the South Delhi border, what would have been the rates? Obviously, the maximum in Gurgaon.

    For me an an end user, i would either stay in Delhi or as close to delhi's prime areas as possible, not some 50 kms away in Greater Noida. Staying within 5-6 kms of International Airport/ Diplomatic Enclave/ International Convention Center/ Golf Course/ Dwarka is an enticing proposition, which I won't get if I stay on Sohna Road/ Golf Course Extn road.
     
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  • waves 1234

    Originally Posted by durb100us
    Its always good to invest in hilly areas, though maintenance is very high.

    I have one at Nainital and ROI is growing every year , irrespective of global slowdown and downfall in sen.

    The place remains always in demand and can be rented out during peak tourist seasons for extremely good rentals.

    But then again depends from area to area.



    Yesterday i came to know that near nainital there is place known as mukteshwar where igreens are soon planning to launch their project.

    Is it going to be fruitfull.............................
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  • raumybhan Bhai, don't get emotional :D . No body means any harm . We r getting diversified views of many members on the subject & that is a learning process, for me at least .

    Have fun & i hope this project is a great success.
    :)

    Originally Posted by raumybhan
    5. EVERY PLACE IS DIFFERENT. Greater noida not giving returns does not mean that Palam Vihar also won't give returns. Similarly, Sohna Road giving returns doesn't mean that Palam Vihar would also give returns. The differentiating factor is proximity to delhi + availability of jobs. We have already seen that E-way has many SEZs + proximity to delhi as the main benefits. If Sohna Road would have been on the South Delhi border, what would have been the rates? Obviously, the maximum in Gurgaon.

    For me an an end user, i would either stay in Delhi or as close to delhi's prime areas as possible, not some 50 kms away in Greater Noida. Staying within 5-6 kms of International Airport/ Diplomatic Enclave/ International Convention Center/ Golf Course/ Dwarka is an enticing proposition, which I won't get if I stay on Sohna Road/ Golf Course Extn road.
     
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  • raumybhan,

    i will raise two points

    no body is questionsing the attractiveness of eway, the debate is about the time for return

    secondly at the end of teh day ist about demand and supply, there is an unbelievable amount of supply hitting that area in those sectors, so if there will be buyers there will be large amount of supply too.....return is made on things which are scarce and large number of people running after limited units leads to increase in price, but if there is excess supply no matter how attractive long term prospects are there can not be short term rise in prices

    As per brokers there is hardly any resale activities in that area except may be mahindra.....

    I have nothing against eway projects, i am just giving my opinion, if time proves me wrong it wil be a great learning for me going forward
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  • Expressway may be built in 2-3 years but some of these sectors like 100-107/8 can not be inhabitated in the next 5-6 years
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  • Appropriate comment . Yes oversupply can kill the golden goose .

    Originally Posted by amit001
    raumybhan,

    i will raise two points

    no body is questionsing the attractiveness of eway, the debate is about the time for return

    secondly at the end of teh day ist about demand and supply, there is an unbelievable amount of supply hitting that area in those sectors, so if there will be buyers there will be large amount of supply too.....return is made on things which are scarce and large number of people running after limited units leads to increase in price, but if there is excess supply no matter how attractive long term prospects are there can not be short term rise in prices

    As per brokers there is hardly any resale activities in that area except may be mahindra.....

    I have nothing against eway projects, i am just giving my opinion, if time proves me wrong it wil be a great learning for me going forward
    CommentQuote
  • Originally Posted by waves1234
    Yesterday i came to know that near nainital there is place known as mukteshwar where igreens are soon planning to launch their project.

    Is it going to be fruitfull.............................


    Mukteshwar is not a hot spot tourist destination like Nainital & Mussorie with ample tourist all thru the year.

    Very limited tourist in particular month of year so low annual ROI.

    Otherwise, if you want it for the pure purpose of second home, then its damn good.

    Better invest in growing areas like Dehradoon, Mussorie, Nainital etc.
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  • Raumy,

    It's a very good time frame analysis you have done on the fate of E-way and related projects.

    There is no comparison whatsoever of Greater Noida and Gurgoan. For me the Greater Noida market was never interesting, even in way back in year 2000.

    Anyway , i just hope you get a good unit in any of the nearby project on E-way and make an entry at right time.
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  • Originally Posted by raumybhan

    This thread is taking an interesting turn: it has now more to do with the fate of Expressway. We have two set of people here: those who have faith in early delivery of E-way like me, Durb, sid etc. and those who have no such belief like Manoja, Amit001 etc.

    So to put things in proper perspective let us categorise the issues as follows:


    people who are 50-50 on eway and its returns should read rauybhan GYAN in this thread. Really great work put and loads of info raumvbhan. hats off:bab (6):.
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