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
Read more
Reply
857 Replies
Sort by :Filter by :
  • Originally Posted by Magadh_Pride
    Quick update:


      - Possession offered and final demand letters issues for all 3 BHK units in Tower B and C; Tower A with 4 BHKs expected shortly
      - Super area increased (and payable at booking rates); New Area for 3 BHK is now 1996 Sqft.
      - Unconfirmed mention of being the pilot project for 'Smart City' in Gurgaon. But confirmed that the feeder line is 33kV (in place of the normal 11 kV) and all units connected via fiber to the home (FTTH)
      - Haryana VAT amount demanded and secured via a joint FD under builder lien till the sub-judice issue is decided upon
      - Registration amount secured via DD directly in name of the SHCIL towards stamp-duty
      - Club and convenience stores still under construction; Expected another 3-5 months.
      - Otherwise the interior finishing decent and landscaping looks tastefully done


      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?

      Congratulations!

      What is the VAT demand?
    CommentQuote
  • Congrats to all owners. I have a question and will be obliged if learned members help me here.

    I am interested in buying a 3BHK. I see listing of 1.4-1.5 Cr. on 99 acres. How much extra do I have to pay over this?

    I mean EDC/IDC, any other possession time charges, Vat, 1% tax etc. Basically all charges other than registry charges. What will be the ball park figure? Thanks.
    CommentQuote
  • Originally Posted by JethroNull
    Congratulations!

    What is the VAT demand?

    About 5 lacs. But since the matter is sub-judice, the builder are accepting a post dated maturity FD in lieu of the demand.
    CommentQuote
  • Is anyone aware of VAT rules ?

    IREO has charged 1% and Heritage One seems to be charging 4-5%, and the Govt hasn't really asked for it yet.
    CommentQuote
  • Originally Posted by Vaibhav123
    Congrats to all owners. I have a question and will be obliged if learned members help me here.

    I am interested in buying a 3BHK. I see listing of 1.4-1.5 Cr. on 99 acres. How much extra do I have to pay over this?

    I mean EDC/IDC, any other possession time charges, Vat, 1% tax etc. Basically all charges other than registry charges. What will be the ball park figure? Thanks.


    Hi Vaibhav, fellow buyers

    I was following some threads and like you have been weighing the decision of new vs slightly old but good constructions (if you see some of your posts). Just to introduce.

    Anyways , this time over I have this option:
    A person responded to my quote recently with a deal that involves buying a property (3+s, 1920 sqft) of Ireo /Corridors on gcx (under construction and right now about 34 months from launch) and the seller would pay for rent till the possession by adjusting in the sale price of the property. I thought it was a pretty good offer but tax considerations , ie, reinvesting to save capital gains also count for me. I saw the advantages as a) Rent was paid for and b) emi was on a much lower amount. c) interest earned on amount paid in slabs as per construction. d) delay by developer is penalised as per agreement. e) Renting is an easier decision at any project.

    Would you please add to the scenario, in case anything missing and comment what makes it worth considering. Thanks.
    CommentQuote
  • Originally Posted by sh-saxena
    Is anyone aware of VAT rules ?

    IREO has charged 1% and Heritage One seems to be charging 4-5%, and the Govt hasn't really asked for it yet.

    For this one thing, I must credit them for fairness. The VAT ascertaining formula is currently subjudice..

    Conscient is basically asking the buyers to create an FD for ~5 lacs, with a lien to the builder. So, the 5 lacs remains technically with the buyer and earns him interest till the case is decided by the Punjab HC. Once the judgement comes, the builder gets paid...

    I would assume Ireo will do back to back recovery from buyers if the govt asks for more than 1% anyways...
    CommentQuote
  • How many of the owners in Heritage One paid the final amount and have taken / about to take possession?

    Is there a final date / deadline by which time we have to pay the balance amount including the FD ( for VAT ) and the Registry amount?
    CommentQuote
  • Hello everyone. Conscient has sent a final call letter. I am shocked and surprised to note the following from them which is akin extortion from us the owners. I am raising the questions below.

    1. On what basis has the company increased the size of the apartment by 100 Sqft? They have mentioned the increase by showing a clause in the buyer agreement. By doing so, they are misusing the one sided nature of the agreement, which has already been proven wrong in the past with various other builders too.

    2. There is the issue of Haryana Value Added Tax. Why is this not being consumed by the company?

    3. Costs such as Bulk electricity, Fibre to home, Fire fighting etc are always part of project cost. Why are they attempting to charging separately? We should be only paying for DHBVN electricity meter.

    4. Why are they asking for Advance Maintenance charges for 12 months when we have paid IFMS. Maintenance charges should be paid post possession and based on monthly or bi-monthly invoices. This is absurd.

    7. Common area electricity charges : This should be part of the monthly maintenance invoice. Why should they be taking this money in advance.
    CommentQuote
  • Please do read my post. We should not allow builders to extort
    CommentQuote
  • Originally Posted by ashgurgaon
    Please do read my post. We should not allow builders to extort

    Yes, we should not. So what do you plan to do about it?

    Pls share your thoughts in the WhatsApp group also.
    CommentQuote
  • How do I join the Whatsapp group?
    CommentQuote
  • Originally Posted by Magadh_Pride
    Yes, we should not. So what do you plan to do about it?

    Pls share your thoughts in the WhatsApp group also.


    Please do let me know the best way to join the Whatsapp group?
    CommentQuote
  • Hi,

    I am planning to buy a 3BHK in Heritage One. Need a feedback on the construction quality and general ambience of the project. Request if any one staying there can answer my query.

    Thanks.
    CommentQuote
  • null

    IREO, Hines ink agreement to develop Gurgaon land

    Bengaluru: Developer IREO Management Pvt. Ltd and Hines India Real Estate, the local arm of US-based realty firm Hines, have struck a joint development agreement for a 10-acre land parcel within IREO City on Golf Course Extension Road in Gurgaon.

    While IREO is the owner of the land, Hines has brought in property firm Conscient Infrastructure Pvt. Ltd to develop the residential project. The total value of the project, which would have about a million sq. ft of saleable area, is about Rs.1,000 crore.

    This would also be the first investment from the Hines India Residential Fund, which is set to invest about $250 million in four-five residential projects across the National Capital Region (NCR), Mumbai, Bengaluru and Pune.

    “Under the residential fund, we will invest and provide development expertise and tie up with local developers for projects. Hines provides equity capital and we are looking at more project opportunities this year,” said Yash Gupta, managing director and country head, Hines....

    Read more at:
    http://www.livemint.com/Companies/PBv7owuf6fsa8F5o4Sk2iP/IREO-Hines-ink-agreement-to-develop-Gurgaon-land.html
    CommentQuote
  • Send me you number and I will add you to the group. I am the admin on the whatsapp group
    CommentQuote