Conscient Heritage One Gurgaon Project

One is one of the popular Residential Developments in Sector – 62 of Gurgaon. It is among the well known Projects of Conscient Group. The landscape is beautiful with spacious Houses.

Heritage One is a new offering on the Golf Course Extension Road, located in Sector 62, just next to the Heritage School, that is why it's called Heritage One, Gurgaon. The Site is very well located as far as the location goes. Considering that Golf Course Extension Road is poised to be the next big destination in Gurgaon (read article about Golf Course Extn. Road). The site is located in the vicinity of the Ireo City & The Pioneer Park on the Golf Course Extn. Road
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  • Was that after receiving token?



    Originally Posted by shkhan
    Market manipulation has started for this project, since there are few active genuine buyers in the market.

    One of the sellers backed out for the unit I was looking at.
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  • I faced the same problem when buying... BTW, the # of genuine sellers is also very few :D

    Because of the recent pace of construction and as the demands mount, the mid-term investors are mostly out. Now mostly long-term investors and end-users with holding capacity are holding most units...

    Originally Posted by shkhan
    Market manipulation has started for this project, since there are few active genuine buyers in the market.

    One of the sellers backed out for the unit I was looking at.
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  • Once the market picks up and with any new development, this will straight shoot up to 8500, the Most under rated project! Ireo Corridor is starting at 8750 and already at 9400 for something 5-7 kilometers further away on GCex and towards Sohna

    I suggest don't lose an opportunity to buy this if one is getting now and can afford the rate with the colored and cheque component available.
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  • Originally Posted by rahul2002b
    Once the market picks up and with any new development, this will straight shoot up to 8500, the Most under rated project! Ireo Corridor is starting at 8750 and already at 9400 for something 5-7 kilometers further away on GCex and towards Sohna

    I suggest don't lose an opportunity to buy this if one is getting now and can afford the rate with the colored and cheque component available.

    I fully agree with you this project is very good from investment point of view....and will yield one of the best return on GCX as under priced compared to nearby project...if one is getting a deal and can afford it should not say no to it...broker who got me this unit have called me 3-4 times asking me to sell before transfer as he can get me 200 to 300 rs premium...but I will hold it till possession or more....
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  • anyone can check average capital value from any source, (, 99acres, TOI property plus , HT property, etc) all for Sec 62 give a range of 8500 to 11500 as on date. And the way things are going for this locality in general, I can see the rates moving only one way for this project till it attains parity with others.
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  • Under-rated and Below par price.

    I feel it already is at 8000 for a good unit. And I am not saying because I own a unit here but I was talking to a broker the other day who does lots of dealings here for all new projects and future projects. He himself mentioned there was a unit at Heritage that is trading at 8000, and sellers are asking for a good unit at that price now.

    I see some posts earlier where people are talking of 7600-7700 or 7800, I feel those days are gone for a good unit which means facing park 2-3, and a middle floor. There is also a very high floor unit available for quite sometime in the market, the owner doesnt want to give it for less than 8000 now.

    So I would say the price for this is now at 7800 for a 1-4 or 8000 plus for 2-3 middle floor. I can't talk of distress sales because that is an exception.

    Also, yes Specialist, this will soon touch 8500 and catch up very soon with the rest. As you will see very few sellers for this property are in the market today. This was sold at 4500 or so when Uptown was sold at 3800 or VV was sold at 4500 approx. which are much much further away. People who bought this mostly were not financers or dealers, but rather MOSTLY end users, this is why you don't see much talk about it or the price hiking that is happening for Ireo projects, mostly owned by investors. But wait till it's ready and when you will find out that this is not only at par with others in terms of specs but also infact better in location. In a year i expect this to touch 10,000 when 95% has gone in. Waiting for the green areas to get laid, football field, club house etc.
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  • Though Ive been a fan of this project, I dont think the price will gallop now. A big USP of the project was its relatively low price which is fast getting lost.
    Uptown, IVV , Pioneer Park are all languishing at 8500 levels for long, and dips are seen in price of projects like Skyon also. So I believe this one may reach around 8500 and then plateau too.
    Location, yes is good in todays world, but 4-5 yrs later when the whole area will be populated, it wont matter that much.

    Originally Posted by rahul2002b
    I feel it already is at 8000 for a good unit. And I am not saying because I own a unit here but I was talking to a broker the other day who does lots of dealings here for all new projects and future projects. He himself mentioned there was a unit at Heritage that is trading at 8000, and sellers are asking for a good unit at that price now.

    I see some posts earlier where people are talking of 7600-7700 or 7800, I feel those days are gone for a good unit which means facing park 2-3, and a middle floor. There is also a very high floor unit available for quite sometime in the market, the owner doesnt want to give it for less than 8000 now.

    So I would say the price for this is now at 7800 for a 1-4 or 8000 plus for 2-3 middle floor. I can't talk of distress sales because that is an exception.

    Also, yes Specialist, this will soon touch 8500 and catch up very soon with the rest. As you will see very few sellers for this property are in the market today. This was sold at 4500 or so when Uptown was sold at 3800 or VV was sold at 4500 approx. which are much much further away. People who bought this mostly were not financers or dealers, but rather MOSTLY end users, this is why you don't see much talk about it or the price hiking that is happening for Ireo projects, mostly owned by investors. But wait till it's ready and when you will find out that this is not only at par with others in terms of specs but also infact better in location. In a year i expect this to touch 10,000 when 95% has gone in. Waiting for the green areas to get laid, football field, club house etc.
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  • Well Couple of points to be taken into consideration:

    Pioneer Park has inferior specs and H1 should be compared to Presidia which has similar specs to H1. The price of Presidia is around 10k.

    Now If we look at Uptown and IVV

    In both the projects investors are moving out and end users have started to move in but that area is not habitable as of now which is not the case with H1. Beccause of Commonwealth Games, the street lighting work for this stretch of road was completed and rather they have huge Flood lights at the H1 Crossing. This road is also used by the villages close to the CRPF Camp and it has considerable amount of traffic.Further the Hong Market is about 1 km from H1 which is an additional benefit, so the end users can shift as soon as the possession is offered.

    These factors are missing from both Uptown and IVV. If I was staying at uptown, it would be scary to get back at night I guess.

    I remember the initial days of Sohna Road when it was really unsafe to reach those appts at night rather the Golf Course Extn. road is still considered unsafe at night by many people staying at Vatika. If you look at the existing approach road for Uptown , the situation gets even worse.


    So I feel H1 price would not be stagnant because of the following:
    1) Location is similar to Presdia
    2) Specs are similar to Presidia
    3) Posession would be certainly be offered before Presidia


    So H1 should at least catch up with Presidia and not Poineer Park as that is a poor cousin and should not be compared to H1.








    Originally Posted by sh-saxena
    Though Ive been a fan of this project, I dont think the price will gallop now. A big USP of the project was its relatively low price which is fast getting lost.
    Uptown, IVV , Pioneer Park are all languishing at 8500 levels for long, and dips are seen in price of projects like Skyon also. So I believe this one may reach around 8500 and then plateau too.
    Location, yes is good in todays world, but 4-5 yrs later when the whole area will be populated, it wont matter much.
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  • Im not disparaging or plugging any projects, just taking an overall unbiased view. The fact is that similar projects are languishing around 8500 today. Appreciation in any project is good for the entire GCX area but endusers are spoilt for choice today. And thats what makes the prices languish if too many projects available at similar price/specs and too few endusers. Investors have anyway vanished for GCX projects since almost all need massive upfront.

    Check the threads of Sector 66/67 development, a huge amount of Retail/commercial is planned there. Also that side can be serviced by Sohna Road infrastructure and shopping areas around Vatika from Day 1. So its not like this side is better than that side, the whole area will come up wonderfully in future.

    And I can only tell my personal view as an enduser, both H1 and IVV have been my fave projects in GCX and Ive mentioned this often. But now when I compare this and IVV at not that huge a price difference, I feel more inclined towards IVV. Ofcourse its only a personal preference so no bearing on what anyone else may feel.


    Originally Posted by manoj2066
    Well Couple of points to be taken into consideration:

    Pioneer Park has inferior specs and H1 should be compared to Presidia which has similar specs to H1. The price of Presidia is around 10k.

    Now If we look at Uptown and IVV

    In both the projects investors are moving out and end users have started to move in but that area is not habitable as of now which is not the case with H1. Beccause of Commonwealth Games, the street lighting work for this stretch of road was completed and rather they have huge Flood lights at the H1 Crossing. This road is also used by the villages close Near the CRPF Camp and it has considerable amount of traffic.Further the Hong Market is about 1 km from H1 so the end users can shift as soon as the possession is offered.

    These factors are missing from both Uptown and IVV. If I was staying at uptown, it would be scary to get back at night I guess.
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  • Mr Saxena,

    No offence I was just sharing my views and my understanding of the Area.

    IVV is an amazing project and to be frank the kind of construction L & T is doing I dont think any other project can match the same. The only downside for this project is the location.



    Originally Posted by sh-saxena
    Im not disparaging or plugging any projects, just taking an overall unbiased view. The fact is that similar projects are languishing around 8500 today. Appreciation in any project is good for the entire GCX area but endusers are spoilt for choice today. And thats what makes the prices languish if too many projects available at similar price/specs and too few endusers. Investors have anyway vanished for GCX projects since almost all need massive upfront.

    Check the threads of Sector 66/67 development, a huge amount of Retail/commercial is planned there. Also that side can be serviced by Sohna Road infrastructure and shopping areas around Vatika from Day 1. So its not like this side is better than that side, the whole area will come up wonderfully in future.

    And I can only tell my personal view as an enduser, both H1 and IVV have been my fave projects in GCX and Ive mentioned this often. But now when I compare this and IVV at not that huge a price difference, I feel more inclined towards IVV. Ofcourse its only a personal preference so no bearing on what anyone else may feel.
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  • Well, its Ms Saxena :)

    Yes, Im always happy to share any views, as long as unbiased.
    H1 is a great project and will remain so, its only that endusers are spoilt for choice and will pick as per their key preferences whether it be location or specs or price.
    Infact my husband prefers H1 because of location over IVV :)

    Originally Posted by manoj2066
    Mr Saxena,

    No offence I was just sharing my views and my understanding of the Area.

    IVV is an amazing project and to be frank the kind of construction L & T is doing I dont think any other project can match the same. The only downside for this project is the location.
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  • Sorry about the title :), all the best. Their Goa projects look pretty good and if it turns out be something similar it would be a great place to stay.

    Originally Posted by sh-saxena
    Well, its Ms Saxena :)

    Yes, Im always happy to share any views, as long as unbiased.
    H1 is a great project and will remain so, its only that endusers are spoilt for choice and will pick as per their key preferences whether it be location or specs or price.
    Infact my husband is sold on H1 because of location so we may just go for that...still deciding.
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  • Originally Posted by manoj2066
    Well Couple of points to be taken into consideration:

    Pioneer Park has inferior specs and H1 should be compared to Presidia which has similar specs to H1. The price of Presidia is around 10k.

    Now If we look at Uptown and IVV

    In both the projects investors are moving out and end users have started to move in but that area is not habitable as of now which is not the case with H1. Beccause of Commonwealth Games, the street lighting work for this stretch of road was completed and rather they have huge Flood lights at the H1 Crossing. This road is also used by the villages close to the CRPF Camp and it has considerable amount of traffic.Further the Hong Market is about 1 km from H1 which is an additional benefit, so the end users can shift as soon as the possession is offered.

    These factors are missing from both Uptown and IVV. If I was staying at uptown, it would be scary to get back at night I guess.

    I remember the initial days of Sohna Road when it was really unsafe to reach those appts at night rather the Golf Course Extn. road is still considered unsafe at night by many people staying at Vatika. If you look at the existing approach road for Uptown , the situation gets even worse.


    So I feel H1 price would not be stagnant because of the following:
    1) Location is similar to Presdia
    2) Specs are similar to Presidia
    3) Posession would be certainly be offered before Presidia


    So H1 should at least catch up with Presidia and not Poineer Park as that is a poor cousin and should not be compared to H1.



    There are multiple ways to look at an area. GCx has to leverage on the existing social infrastructure and employment opportunities created around Golf Course Road and sohna road , till it develops its own infrastructure.

    Hence on that count areas around Golf course road ( sector 58, 59 ) will leverage the infra of GCR especially with the rapid metro coming in .On the other hand sohna road is seeing lots of movement of multinationals in various commercial buildings and its has a matured ecosystem of social infrastructure, far better and superior to what is offered by hong kong bazaar.

    Lighting is a very simple issue, wait when major posession are around the corner and lighting issue will be addressed. If you compare sohna road today to 2 years back there is a huge development , simillar things can be said about many road upgradations that have been done. Development is a function of people moving in and in that respect in the next 3 to 4 years maximum units will be delivered around sectors like Uptown, Bestech parkview spa next, BPTP, IVV, Emaar Palm drive, few towers of M3M , emaar marbella alongwith several commerical projects.

    Pioneer projects are much better located than other projects nearby sector as they have digital green on one side ( ready for fitouts ) and their own commercial with already long term agreements from likes of pepsi ), getting ready very soon . If at all it is much nearer to hong kong bazaar. Pioneer somewhat lower specs are probably neutralized by its much better location . On that count presidia should be far superior projects as it offers simillar specifications and far better location :).

    Its is futile to compare different projects , and i did not want to get into it, but wanted to clarify some of the understanding gaps . Each have their own advantage and disadvantage and will discover their true bearings sooner than later.

    One thing all will enjoy is together they will make the GCx area as a very solid alternative to GCR and combined together with all the developments around GCx will be one of the best areas to live in. Every project will benefit from it especially when the economy picks up in the next few years.
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  • Good points made by sh-saxena, kinjalchato and manoj.

    I agree with each of you, I just want to reinforce that the point made is that
    1) today projects are languishing at 8500 as mentioned by Saxenaji, BUT H1 is not! However even I would not like to mention which area or neighborhood is better since they could have advantages and disadvantages of their own, although for H1 being closer to GCR can not be a disadvantage in anyway but Uptown being closer to Sohna can be an advantage as it is in the fake end of the GCR. There could be many more proc, cons, each local to a particular set of people who form an opinion on the basis of work, family, so many things.

    However, just for the sake of argument, point number two made is that

    2) H1 has not reached 8500, so why would H1 still be at 8500 when Utpown, Emaar sector 66 others are already way past beyond that point in a year or so. And for H1 to not cross the 8500 mark because others are at 8500 today would mean that Uptown sees no increase in prices from today until H1 gets to 8500, which I doubt. Tell an Uptown investor and he/she will tell you that next year they will touch 9250 or more.

    3) Therefore, my point simply is that H1 should be at par with the rest if not more. Whether it gallops or not is a different issue. It is undervalued today. Same is the case with the Presidia example, Yes, agreed Presidia is far superior in location but similar specs, this is why I wouldn't say H1 should be 10k today rather it should be at 10K when Presidia will trade at 12k but H1 cannot and should not be at 8500 when Presdia will trade at 12 K. It is therefore only about time that we will H1 prices go up beyond the 8500 mark, rather close to 9500 at possession (1.5 years)

    There are many ways to look at it. Therefore the price increase will merely be a reflection of what others are trading at in a few months is my opinion as the buyers of this project and the agents awaken to this cause, and that is another discussion that there is no reason even now for H1 to trade at 700 rupees less than an uptown today!! But I won't get into that ;)
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  • Originally Posted by rahul2002b
    Good points made by sh-saxena, kinjalchato and manoj.

    I agree with each of you, I just want to reinforce that the point made is that
    1) today projects are languishing at 8500 as mentioned by Saxenaji, BUT H1 is not! However even I would not like to mention which area or neighborhood is better since they could have advantages and disadvantages of their own, although for H1 being closer to GCR can not be a disadvantage in anyway but Uptown being closer to Sohna can be an advantage as it is in the fake end of the GCR. There could be many more proc, cons, each local to a particular set of people who form an opinion on the basis of work, family, so many things.

    However, just for the sake of argument, point number two made is that

    2) H1 has not reached 8500, so why would H1 still be at 8500 when Utpown, Emaar sector 66 others are already way past beyond that point in a year or so. And for H1 to not cross the 8500 mark because others are at 8500 today would mean that Uptown sees no increase in prices from today until H1 gets to 8500, which I doubt. Tell an Uptown investor and he/she will tell you that next year they will touch 9250 or more.

    3) Therefore, my point simply is that H1 should be at par with the rest if not more. Whether it gallops or not is a different issue. It is undervalued today. Same is the case with the Presidia example, Yes, agreed Presidia is far superior in location but similar specs, this is why I wouldn't say H1 should be 10k today rather it should be at 10K when Presidia will trade at 12k but H1 cannot and should not be at 8500 when Presdia will trade at 12 K. It is therefore only about time that we will H1 prices go up beyond the 8500 mark, rather close to 9500 at possession (1.5 years)

    There are many ways to look at it. Therefore the price increase will merely be a reflection of what others are trading at in a few months is my opinion as the buyers of this project and the agents awaken to this cause, and that is another discussion that there is no reason even now for H1 to trade at 700 rupees less than an uptown today!! But I won't get into that ;)


    Heritage one is a very well designed project for end use and if delivered as per the commitment will do well on its own merits, there is absolutely no doubt on that count.

    I am not sure what price will all these projects end up at , but from an end use perspective they will be some of the better ones which will redefine the quality of living for many , with all the concept of greens / new technologies for comfort that have been brought in by these new set of builders.

    Location / Infrastructure, over a period of time will be simillar if not same in the GCx area , take a few rupee here and there. What would distinguish the demand is the quality of the project delivered and how it is maintained.

    When projects in Sohna road were bought , someone would have thought that a JMD or a Unitech uniworld are the best located ( in terms of access to NH8 / delhi metro ) and that was the stretch which was lighted. While the present situation is despite being Unitech, the project is languishing and JMD is probably the least expensive in the stretch.

    A holistic look at all factors will distinguish projects in the same area. Thus while a Vipul green or a Vatika or a Park view 1 have vastly outperformed a Parvnath , a JMD or a Omaxe nile. Many would have thought a Omaxe / Parsvanath / Unitech to be a far better known names during those times.
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