I need your expert advise and priceless suggestion on my investment that I had done in May this year, i bought the 5th floor with terrace rights and 25 mt road facing 1650 sqft 3bhk+study "floor" in Emmar Mgf Emerald premier floors in sec-65, gurgaon at 4500 psf. Is it a good investment? if yes, should i try tooth and nail to arrange all the money needed for living here or should i sell it at a certain time may be after 6 months or one year...please advise, i m in a fix and worried as well......
Read more
Reply
16 Replies
Sort by :Filter by :
  • hi Varun,

    lets see this in a very objective manner. First consider the following

    1. FUNDS- do you have the required money to pay over the next 6-12 months. Also if you do not find the right exit option how long can you hold on to it without overstretching youself.
    2.OBJECTIVE- what was the primary investment objective. pure lon term/short term investment and/or end use.

    As far the project quality is concerned its a good project backed by a reputed builder who has decent construction quality.
    The location is again good. Golf course extention is where the upper/premium projects are located. Also the site is near to developed townships of vatika and nirvana country.
    As far as price is concerned the prices are now upwards of 5000/sq ft in all projects there IREO/EMAAR new launches are now in 5700-6000 bracket. Similarly the almost completed projects on unitech like close ,harmony are commanding a price of roughly 5000/sq ft.and above
    So hopefully you should be able to get good returns if you can hold on with a 12-18 month time frame.
    My advice would be stay invested if you want it for end use . if you want to exit try to be in for 18 months. you should get decent returns.
    CommentQuote
  • what is construction update?has it started in emerald floors.?
    CommentQuote
  • Originally Posted by varundev11
    Brothers and others!!!

    I need your expert advise and priceless suggestion on my investment that I had done in May this year, i bought the 5th floor with terrace rights and 25 mt road facing 1650 sqft 3bhk+study "floor" in Emmar Mgf Emerald premier floors in sec-65, gurgaon at 4500 psf. Is it a good investment? if yes, should i try tooth and nail to arrange all the money needed for living here or should i sell it at a certain time may be after 6 months or one year...please advise, i m in a fix and worried as well......

    Better stick to this property if you can manage it till one more year.

    It will be THE PLACE in future, with all the high rise buildings and Metro going from front and road is extremely well connected to rest of the Gurgoan.

    Though you got it in second lot and quite expensive but will be worth holding as builder is of top repute and so will be the neighborhood.
    CommentQuote
  • Emmar

    Thanks Amit and durb, yes I can hold it for an year and so and I bought for end use in when I bought it and would try to hold it as long as I can. Though I bought at the time when it was 4500 sq ft but got an employee referal discount of 3% so for me the bsp was 4365. i have paid around 17 lacs till now, next is on start of excavation and then on construction. some of the owners(1975 sq ft) have been approached for the next installment, so my installment should also be approaching, i m not worried of the next two or three installments.

    If you guys have any info about the recent price trends around this area, that would be helpful.
    CommentQuote
  • the resale price of emaar are hovering around 46-4800. the ireo/pioneer park/heritage.prices are also around this price band maxing out at 5000.

    for unitech properties escape/harmony which are nearing completion they are around 52-5300.

    The original bookings are all 6000 plus.



    Originally Posted by varundev11
    Thanks Amit and durb, yes I can hold it for an year and so and I bought for end use in when I bought it and would try to hold it as long as I can. Though I bought at the time when it was 4500 sq ft but got an employee referal discount of 3% so for me the bsp was 4365. i have paid around 17 lacs till now, next is on start of excavation and then on construction. some of the owners(1975 sq ft) have been approached for the next installment, so my installment should also be approaching, i m not worried of the next two or three installments.

    If you guys have any info about the recent price trends around this area, that would be helpful.
    CommentQuote
  • emmar

    Thanks Amit, really appreciate your time.
    CommentQuote
  • Whats the status of IREO largest tower status, all sold? or they have not launched the complete tower yet?
    CommentQuote
  • Originally Posted by varundev11
    Whats the status of IREO largest tower status, all sold? or they have not launched the complete tower yet?


    there are a few options available , although they are holding onto the higher ones .
    CommentQuote
  • In these all under-construction projects which is best specs? Since, they are all arround the same price band, which is best buy

    I know for sure Pioneer specifications and density etc are bad.

    Originally Posted by AmitMM
    the resale price of emaar are hovering around 46-4800. the ireo/pioneer park/heritage.prices are also around this price band maxing out at 5000.

    for unitech properties escape/harmony which are nearing completion they are around 52-5300.

    The original bookings are all 6000 plus.
    CommentQuote
  • Did anybody recently purchase any floor in 'emerald floors' the 3 story constructions? Any idea about the going rate?

    I believe the 2nd floor was sold at 63L but am unable to find any material to validate this info. I noticed a property being offered for 81L (premium of 18L).

    Considering I want to hold the property for 12 months atleast... Worth it? thoughts veterans?
    CommentQuote
  • price for 350 y 2nd floor was indeed 63 l.
    if you are quoted 18l premium its decent as most offerings are at 22-24 l premium..
    Originally Posted by noobinre
    Did anybody recently purchase any floor in 'emerald floors' the 3 story constructions? Any idea about the going rate?

    I believe the 2nd floor was sold at 63L but am unable to find any material to validate this info. I noticed a property being offered for 81L (premium of 18L).

    Considering I want to hold the property for 12 months atleast... Worth it? thoughts veterans?
    CommentQuote
  • Any views reg emerald floors Vs emerald floors premiere?
    It looks like for some reason these havent appreciated as much as the other projects in the GCx area have and still have room for growth. My views are entire based on internet research so am not sure.

    Any thoughts/advice?


    Originally Posted by AmitMM
    price for 350 y 2nd floor was indeed 63 l.
    if you are quoted 18l premium its decent as most offerings are at 22-24 l premium..
    CommentQuote
  • well they have appreciated.. lok at it this way ppl have paid 13-16 l on bookings last year and are getting 22-23 l . not bad:)

    investment wise good option if you like floors. basic diff between floor and premiere is size and no. of floors 3/5 plus provision of lift ..
    the prices will pick up when const is announced along with increased no. of units coming in resale mkt.

    Originally Posted by noobinre
    Any views reg emerald floors Vs emerald floors premiere?
    It looks like for some reason these havent appreciated as much as the other projects in the GCx area have and still have room for growth. My views are entire based on internet research so am not sure.

    Any thoughts/advice?
    CommentQuote
  • I saw Unitech Escape and Harmony a couple of days back. Broker claims that possession due in around 3 months for certain towers (looks close to complete). I prefer Harmony over Escape although a bit pricey - layout & specifications are much better.
    Originally Posted by vikky55
    In these all under-construction projects which is best specs? Since, they are all arround the same price band, which is best buy

    I know for sure Pioneer specifications and density etc are bad.
    CommentQuote
  • my view is slightly different. i think escape is better than harmony in terms of layout.. also i believe escape has slightly more premium than harmony... more info is welcome

    Originally Posted by Zoomer9
    I saw Unitech Escape and Harmony a couple of days back. Broker claims that possession due in around 3 months for certain towers (looks close to complete). I prefer Harmony over Escape although a bit pricey - layout & specifications are much better.
    CommentQuote