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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  • Should one buy H1 for end use? Are prices justified at these levels?
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  • Well if Pioneer Park is trading around 9k types, then H1 is real value for money. PP has very basic specs.


    Originally Posted by avinasht
    Should one buy H1 for end use? Are prices justified at these levels?
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  • Truth is there are 300 units and I can only see 5-6 owners here and continue repeated gaga over prices and how good it feels to 'em? Doesnot sound logistical.
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  • Originally Posted by avinasht
    Truth is there are 300 units and I can only see 5-6 owners here and continue repeated gaga over prices and how good it feels to 'em? Doesnot sound logistical.


    5-6 owners out of 300 is a pretty good ratio for IREF. Do we have better ratio for other projects ? Other projects with worse IREF owner presence have more gaga owners, but that doesn't prove anything. anyways that doesn't change the fact that H1 is real value for money especially for end users.

    DISCLAIMER: I don't hold anything in this project.
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  • Its natural for owners to feel happy if price goes up. Isnt it ? Nothing wrong in that.

    The quotes I recd a month back for Park facing units were from 7900 to 8200.
    I assume price would be same now also so yes, its still VFM compared to rest of GCX projects and esp when compared to nearby Pioneer Park (I think that has a current price of 8500).
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  • Isn't clear if you are you asking a question or answering one !!

    Originally Posted by "avinasht
    Should one buy H1 for end use? Are prices justified at these levels?


    Originally Posted by "avinasht
    Truth is there are 300 units and I can only see 5-6 owners here and continue repeated gaga over prices and how good it feels to 'em? Doesnot sound logistical.
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  • We dont stand to gain or lose anything whether u buy H1 or not since most of the members here are end users. Go and buy something that is more logical as per your understanding.

    H1 is still undervalued, however I dont have a degree in Logistics, so u can do ur own research.




    Originally Posted by avinasht
    Truth is there are 300 units and I can only see 5-6 owners here and continue repeated gaga over prices and how good it feels to 'em? Doesnot sound logistical.
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  • Great, I was not trying to put anyone down here. Just that everything is repetitive in nature- people and facts throughout this thread. I don't find a single post critically analyzing this project e.g. no one gives a reason why its undervalued. I am sure investors in ggn knows better than I do.
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  • Well here are a few reasons for it being under valued:

    1) Conscient is a relatively unknown brand in the Gurgaon Market. Though they have completed projectin other states, this is their first solo project in Gurgaon.
    2) Small project with only 3 towers and total area of 7 acres. Secondly not many banks were funding because of the small size. The minimum Group Housing size I think is 11 acres but Conscient bought the license/FSI whatever its called from Emaar for 7 acres. This was not going well with the banks and only HDFC was funding it until recently. Now other banks are funding it as well.
    3) No advertising. Though Conscient brand was new, they were able to sell the entire project without any significant advertising. As far as I remember when I bought it in 2010, there was hardly any advt. In fact I found out about this proeject from IREF.
    4) No sample flat: Till date they don’t have a sample flat to showcase what they are selling. Lack of sample flat does affect the resale market and buyers don’t have any idea what they are investing in especially with no past projects to showcase

    Because of the above the resale price was slow to move initially but now because of the fast pace of construction, the price is catching up with other projects in the vicinity.

    Btw, I see it touching 10k at possession next year.
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  • Good, appreciate Manoj!
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  • Magadh,

    Ms Saxena's post kind of confirms the current pricing we discussed :)


    Originally Posted by sh-saxena
    Its natural for owners to feel happy if price goes up. Isnt it ? Nothing wrong in that.

    The quotes I recd a month back for Park facing units were from 7900 to 8200.
    I assume price would be same now also so yes, its still VFM compared to rest of GCX projects and esp when compared to nearby Pioneer Park (I think that has a current price of 8500).
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  • Happy to hear the owners/ end users stand up for this project and their decision to invest.

    I am not a RE expert, but hearing some of the most logical discussions on IREF helped me to finalize a decision on going for H1. The value of guidance value and comfort it brings while taking such an important decision cannot be measured, but it sure helps when feet turn cold (inv size >1.5 cr is relatively big for any of us). IREF has also helpmed me connect with other owners and the updates shared help to make sure that all is all track and there are no sleepless nights.

    I can safely announce that a colleague of mine yesterday got into a ATS 7950 bsp for unit no 3 in Tower B (higher floor)....the seller was an investor and sold since he could not keep funding the rapid demands.

    Also, tower B structure is almost complete and the demand for top floor is expected next week (as told to me by the CRM team)
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  • Originally Posted by "manoj2066
    Magadh,

    Ms Saxena's post kind of confirms the current pricing we discussed :)



    Right bro- also saw the post from Specialist which corroborates Ms Saxena's data points.
    Seems the BSP is inching up monthly at a steady INR 100 psf
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  • Phew!!

    Ek aur demand ...recd today for roof casting...

    Paseena nikal Gaya Bhaiyya ...slow down plzzzz
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  • Its the last one for this year bro :).

    Originally Posted by Magadh_Pride
    Phew!!

    Ek aur demand ...recd today for roof casting...

    Paseena nikal Gaya Bhaiyya ...slow down plzzzz
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