Wanted to get opinion on how is Mahindra Aura II compared to other Dwarka side projects like Ramaprastha, Indiabulls, Spire, Tashee and Raheja.
With expected launch price of 3000/sq ft, what are the long and short term prospects both as investment and end use?
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  • Originally Posted by amit.bhalla
    \

    these r the final rates....


    Hello Mr Bhalla,

    What is your take on Aura 3 for 6 months time horizon? Or we should buy Aura 2 in secondary market which is of lower size 1550 sq feet and cheaper by 300-350 per sq feet.
    The prices care getting higher day by day, If u see the recent launch by Unitech at a BSP of 5000 but now within 15 days it is 5400. Pl advise.
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  • Originally Posted by harpreet_sa
    Hello Mr Bhalla,

    What is your take on Aura 3 for 6 months time horizon? Or we should buy Aura 2 in secondary market which is of lower size 1550 sq feet and cheaper by 300-350 per sq feet.
    The prices care getting higher day by day, If u see the recent launch by Unitech at a BSP of 5000 but now within 15 days it is 5400. Pl advise.


    My take on Aura 3 would be If the premium comes , It will come in 2 months only because for 110 units there will again be 500 ppl running for it , However this time around a lot of things are there which people might give a second thought to , Higher BSP , Bigger Size , Negligible upgrade in specs , and positives would be this phase is right in the middle of the township , not next to the drain like earlier phases...
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  • amit.bhalla, the price looks to be pretty steep, considering the the various parameters ( more leaning towards the negative ), u detailed.

    I really wonder, how many takers would be there for this, at such high prices ? But u never know, GGN RE is going crazy .
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  • Originally Posted by MANOJa
    amit.bhalla, the price looks to be pretty steep, considering the the various parameters ( more leaning towards the negative ), u detailed.

    I really wonder, how many takers would be there for this, at such high prices ? But u never know, GGN RE is going crazy .


    True that no of negatives are more , however when u have a good developer in mahindra , Its more to do with demand and supply rather than negatives and positives......

    I mean I went to the construction site of Aura and found that the quality of materials used by Mahindra ppl is simply brilliant , the speed is upto the mark and if u have a look at their payment plan , with just 40 % payment , aura 1 has reached 8th floors w.r.t structure and Ash bricks for brickwork upto 5th floor


    that is pretty good ,and investors are having a dream run for aura 1 , even after paying 40% amount they are getting the same amoun t extra as premium....
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  • The demand & supply on the D e way is very questionable, till the D e way is litigation free & the construction of the express way starts in the right earnest .

    .....&, yes, i agree, Mahindra is a good builder ( though, never seen their end product, but heard good things about it )
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  • Originally Posted by amit.bhalla
    phase 3 to be launched on april 6th , price is 3875 psf , sizes are 1875/1900 sq ft , with slightly richer specs than aura 1 and 2 and phase 2 is available in resale comfortably at 3750-3800 psf

    total 110 units , mahindra employees will be preferred , Tower F nd G , 4 units to a core , 3 side open appts. Not near the drain 0or the railway line , Right in the middle of the township


    Phase-3 will be launched on 14-Apr. Date is disclosed on the website too.
    :: Welcome to Aura ::

    BSP also mentioned in it in terms of total cost of 72.65L (It comes to Rs. 3875/-for 1875 sft flat).
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  • Launch date of mahindra aura phase 3

    i believe the launch of phase 3 has happened today itself
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  • Even I have started feeling there is something wrong somewhere as far as Dway projects are concerned.

    Mahindra fetching premiums equal to the amount of investment is surprising as it is surrounded by villagers and location is not at all good(railway track , nallah etc).More surprising is that even if the project gets completed as mentioned who is going to live there for another 5-7 years atleast.so the investment does not make sense unless one invests and forgets it .


    One big broker of gurgaon told me in confidence that all these dway projects will be avialable in less than launch prices even after one years from now .Brokers are making merry as they are getting upto 8% commission and they are doing everything to make it rosy for investors.

    Only God & Brokers knows the truth
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  • Originally Posted by PremPP
    Even I have started feeling there is something wrong somewhere as far as Dway projects are concerned.

    Mahindra fetching premiums equal to the amount of investment is surprising as it is surrounded by villagers and location is not at all good(railway track , nallah etc).More surprising is that even if the project gets completed as mentioned who is going to live there for another 5-7 years atleast.so the investment does not make sense unless one invests and forgets it .


    One big broker of gurgaon told me in confidence that all these dway projects will be avialable in less than launch prices even after one years from now .Brokers are making merry as they are getting upto 8% commission and they are doing everything to make it rosy for investors.

    Only God & Brokers knows the truth


    I was getting direct booking from builder at 2200 in dec 2009 but decided not to go for it because of railway track & nallah . I feel if builder is good than it gives good return in long term. So conclusion is builder , location & location are deciding factors in case of builder flat & location , location & location in case of plots..
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  • Originally Posted by PremPP
    Even I have started feeling there is something wrong somewhere as far as Dway projects are concerned.

    Mahindra fetching premiums equal to the amount of investment is surprising as it is surrounded by villagers and location is not at all good(railway track , nallah etc).More surprising is that even if the project gets completed as mentioned who is going to live there for another 5-7 years atleast.so the investment does not make sense unless one invests and forgets it .


    One big broker of gurgaon told me in confidence that all these dway projects will be avialable in less than launch prices even after one years from now .Brokers are making merry as they are getting upto 8% commission and they are doing everything to make it rosy for investors.

    Only God & Brokers knows the truth


    8% or 1% , projects which got sold in recession time are the ones which are enjoying max appreciation , take any project in any part of gurgaon , Emerald hills , orchid island , pioneer park , raheja shilas , mahindra aura , unitech residency , to some extent tulips projects also
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  • Yes the project was launched today. I went there and could see approx 8-9 brokers and 8-9 direct customers. Good units were already sold earlier and other good units Mahindra was asking approx. 4050 BSP instead of 3875. Others units (not so good location wise)were available at 3875 only. I think inventory of 30 apartment probably (non park facing) is still left. Overall rersponse was not so impressive as it used to be Aura 2 and seems to fetch good retrns in long term only. There is also possibilty that public at large is waiting for 14 April which was the earlier scheduled date of launch, hence could not participate on 6 April.
    Mr Bhalla : What is your opinion after seeing todays response?
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  • People seem to be realizing ( though, a little late ), what i have been saying all along . The D e way area will not be inhabitable before 7-8 years & end users/investors r being today charged prices, considering that all the infra is ready ( The D e way is constructed, Commercials establishments r getting full & have started being used by MNC's, many decent schools r operating in vicinity etc.etc... ) . The Delhi Plan 2021 is another sword hanging on the D e way & could give the death blow for this area . Some short term investors would get lucky on the D e way & earn some decent ROI, but it could be some lucky few .

    My PoV . Many will not agree & many would again accuse me of negating the D e way, but there will not be any valid reasoning, behind, what would be said .



    Originally Posted by PremPP
    Even I have started feeling there is something wrong somewhere as far as Dway projects are concerned.

    Mahindra fetching premiums equal to the amount of investment is surprising as it is surrounded by villagers and location is not at all good(railway track , nallah etc).More surprising is that even if the project gets completed as mentioned who is going to live there for another 5-7 years atleast.so the investment does not make sense unless one invests and forgets it .


    One big broker of gurgaon told me in confidence that all these dway projects will be avialable in less than launch prices even after one years from now .Brokers are making merry as they are getting upto 8% commission and they are doing everything to make it rosy for investors.

    Only God & Brokers knows the truth




    Originally Posted by MANOJa
    harpreet, thanks for appreciating & more importantly understanding my point of view .:)


    It is quite simple -



    If an end user wants to book on the D e way & is looking to shift in the next 3-4 years & has a very limited risk taking capability, how can i advise him to book on the D e way, when it would take 6-8 years for the D e way to become inhabitable ( if & if everything goes right ) . How can i advise him to risk & invest his hard earned money with any Tom, Dick & Harry , most of whom could just vanish in thin air, with my & your money ? Also all the fraudulent builders may not run away & some investors may turn lucky with them & can make a decent profit, with them . I know, exceptions r always there, but exceptions cannot be rules .When i say all this, ten people jump on my back . What is wrong in my statement, that nobody has ever told me . Still waiting for an sensible answer .

    If u have the capability of taking a risk & can afford to lose a fat packet, without blinking an eyelid, u may go ahead with investing here immediately, otherwise wait for the litigation to be over & let the construction start in the right earnest . What is wrong in this statement ? The only thing wrong is that my statements r hindering the business of some brokers in the forum, who r showing the moon to the D e way investors & r looking to fleece the newbies & the gullible investors .:bab (6):.

    For a person looking at a safe investment, investing here makes sense, when the D e away is litigation free, construction starts in the right earnest, a decent builder comes at a decent location ( one might have to pay a higher BSP & maybe earn a lessor ROI, but then one is assured of a relatively safer investment & most importantly, if he is an end user, an house to live in ) . What is wrong in this ? As i said, the only thing wrong is that many people see sense in what i am talking & that is hitting the business of the brokers in the forum :bab (59):.

    I have expressed my apprehension on the long term financial viability of the D e way viz. the Delhi Master Plan 2021 . I might be wrong on this, but that is what i think .No body is ready to discuss it . Why ? Simply, because, what i am saying could be the future & discussing it might again affect & hit the business of the brokers in the forum :bab (38):.

    As i have said numerous times, D e way may offer some decent investment opportunities & may offer some good options to the end users, but investing here right now is not everybody's cup of tea :bab (35):.
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  • Death sword for an entire expressway ? Just because one person says that ? Not possible boss.

    Manoja is instigating to participate in a discussion, because he has all time in the world.

    But his free time is not the point here...the fact is that Manoja holds multiple investments in Gurgaon, and therefore naturally biased towards their appreciation. Since he is highly biased towards his GC Extn/ NH8 investments, no fruitful discussion is possible with him. Fruitful discussions take place between those stakeholders, who are unbiased, ready to discuss other's views and do not make personal remarks.

    Not that alone, he starts personal assaults and hurls abuses, makes satirical remarks without instigation; all this with a strategy to silence others. His strategy has silenced me too. Then he says, no one is interested in discussions here !!!
    If he thinks that Delhi Master Plan 2021promises "DEATH" for Dwarka Eway projects, can I ask other members why so? Even if one accepts his argument, the surplus housing supply in Delhi should affect the prices of all surroundings of Delhi, not merely Eway projects. Why only Eway is going to suffer loss?

    Reasonable appreciation in short term has come on all pre-launch projects on Eway already. Thank God,the appreciation is reasonably small only, otherwise end-users like us could suffer. As an example, Tashee investors have made some 3 lakhs+ on pre-launches; Spire Central investors have made 4 lakhs+, Siddhartha investors have made 1.5 lakhs+, Raheja investors have made 3 to 5 lakhs, Mahindra investors made upto 10 lakhs in short term premium, Indiabulls investors also making 5 lakhs + etc. Of course, end users like me did not make anything since I invest for long-term.

    As regards Prem PP's discussion with a Big Agent, please remember that agents sell those projects which bring profits to them. These Big agents are invested on NH8, and alternative better locations like Eway would reduce appreciations. In 2009 when I was looking for investment in Gurgaon, many BIG agents persuaded me not to buy Vatika floors (India Next-sector 82) since Vatika had a very bad reputation in the market, sector 82 was too far and there was zero construction on site. Today all those Agents highly recommend this project. Why ? Because-things changed in 1 year drastically.

    All these things hold true for Dwarka Eway today. Investor sentiment is low in all markets, and on Eway projects too, because:

    1. Eway is not litigation free. (But like Vatika's sector 82/84 litigation pending in 2009 and blockage of roads by villagers to stop complete access to project itself which ended later, Eway litigation would end too.
    2. No real construction progress, except in Raheja/Indiabulls/ Mahindra etc. Construction would advance substantially by this year, and would improve sentiments.
    3. No progress on Eway construction. Last year I remember everyone said that it would take 7-8 years for the Eway to be built. I said otherwise. Now the tenders too have been awarded with 12 month's timelines (extendable by 6 months for litigated land).
    4. Very positive decision by Huda to award sector roads construction work to major developers. As an example, Vatika/DLF etc would construct roads within 6 months for sectors 81 to 85.

    So my view is that Eway is a better area to invest than Manesar/ Sohna Road provided the project and builder is decent.
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  • Raumybhan may be correct in interpretation of my talks on dway projects.The big agents i talked has office on sohna road and might be frightening Dway lovers.

    I talked about Mahindra project and its surroundings and the premium on it and touched dway prices in that context only.Its not that I have realised something which manoja has been saying so long.
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  • Everybody is entitled to his views & i am not again answering all yr. crap, which has been answered many times earlier, without any valid replies . The easiest way to get away from the situation is to run away from it, with out answering it, that is what u r doing . The same allegations, which u r putting on me, fits u to the T . :bab (59):.

    Thanks for all the gyan u r giving :bab (45):.


    Originally Posted by raumybhan
    Death sword for an entire expressway ? Just because one person says that ? Not possible boss.

    Manoja ................better area to invest than Manesar/ Sohna Road provided the project and builder is decent.
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