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Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

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Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

Last updated: July 24 2017
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  • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

    If you don't mind, without mentioning the exact floor or tower, can you mention if it is a 2/3 unit or 1/4 unit and how much please?

    Just helps us keep a tab on what our property is trading at. I am an owner, people know me here, I am not an agent.

    Thank you,

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    • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

      Should one buy H1 for end use? Are prices justified at these levels?

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      • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

        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 View Post
        Should one buy H1 for end use? Are prices justified at these levels?

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        • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

          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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          • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

            Originally posted by avinasht View Post
            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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            • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

              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).
              Last edited by sh-saxena; July 5 2013, 07:53 PM.

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              • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

                Isn't clear if you are you asking a question or answering one !!

                Originally posted by avinasht View Post
                Should one buy H1 for end use? Are prices justified at these levels?
                Originally posted by avinasht View Post
                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.

                Comment


                • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

                  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 View Post
                  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.
                  Last edited by manoj2066; July 5 2013, 10:28 PM.

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                  • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

                    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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                    • Re : Heritage One, Conscient Infrastructure, Sec 62, Gurgaon

                      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.
                      Last edited by manoj2066; July 6 2013, 12:22 AM.

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