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The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

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The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

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  • The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

    Am getting a quote of Rs.6,500 psf for a Wing apartment in Ireo Grand Arch on re-sale. Would appreciate advice from members (particularly, senior ones) on whether I should buy at this price or wait for a few months in anticipation of a correction. Even if there was no correction, I would save on my EMI for those many months, as long as the price stagnates at this level. Also, for info, Ireo has recently jacked up the price for the Wings to Rs.9,000 psf.
    Last edited November 4 2016, 09:34 PM.
  • #2

    #2

    Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

    The original BSP & the resale price has a massive differential . R u sure on the resale price ?
    Please read IREF rules | FAQ's

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    • #3

      #3

      Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

      From what i know grand arch is fully sold out, so how can tgey jack up prices ??

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      • #4

        #4

        Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

        Ishan, I was talking to some Sr person at Ireo few weeks ago about VV project. The info I got from him/her is that, they never sell the full stock until the completion of the project. They keep at least 15% stock of the units till last so that they can keep increasing the prices and if some one is interested they can sell the unit. If they don't keep the stock and increase the price then somebody might complain or spread rumor in the market that company doesn't have unit but still increasing the prices so price increase in this case is not real.

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        • #5

          #5

          Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

          good you were in paris but Le Grand arche is just a monument and the only similarity with ireo woud be the shape
          but yes may be the symbolic grandeur....

          Originally posted by Yamban
          Saw the real Grand Arch in Paris last week..... If IREO delivers half of that grandeur, it will be a true landmark- even if it's only a poor replica

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          • #6

            #6

            Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

            MANOJa - yes, I'm sure of the resale price and am also aware that its original launch price in Sep'09 was 4,850 psf for the Wings and 4,550 psf for the other towers. But given the prices of subsequent launches (M3M, skyon, etc.) in the immediate vicinity and Tata Raisinia resale price at around 6,500 psf currently, not sure if I should wait for a correction.

            Ishan - from what I could gather, only about 60% of Grand Arch has been released by Ireo and those have been 'fully' sold out, with the exception of the recent release. The remaining units will be released in tranches over a period of time until possession with step increases in prices at each release.

            All - Would welcome advice on whether I should take the 6,500 psf offer now or wait. Thanks.

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            • #7

              #7

              Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

              prices will go down in luxury segment

              For sure , prices will go down in coming months specially in luxury segment . Better keep away from buying in this segment..

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              • #8

                #8

                Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

                Yes, quite right, prices of at least, Luxury segment would definitely go down . I expect an overall correction, in all segments, but the luxury projects could take the worst hit .
                Please read IREF rules | FAQ's

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                • #9

                  #9

                  Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

                  though i dont believe in correction coming soon, i hope it comes for a correction will bring some sanity to the otherwise heated new launch luxury segment market...

                  i cant understand that when all ready/almost ready to move project on sohna rd( even 1 yr delivery like palm terraces/park view spa) are available at 5500-6500 band how come new launches with 3/4 year delivery are at 7500-11,000 bracket.

                  even the top end appt like belaire/park place are available at 82/8300 rs having the best location( 1 year delivery) and pinnacle/summit/icon are at 9000-10000 range...

                  defies logic....

                  Originally posted by MANOJa View Post
                  Yes, quite right, prices of at least, Luxury segment would definitely go down . I expect an overall correction, in all segments, but the luxury projects could take the worst hit .
                  Last edited January 25 2016, 12:12 PM. Reason: Text formatting.

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                  • #10

                    #10

                    Re : The Grand Arch by Ireo Group in Sector 58, GCX, Gurgaon

                    Originally posted by AmitMM View Post
                    though i dont believe in correction coming soon, i hope it comes for a correction will bring some sanity to the otherwise heated new launch luxury segment market...
                    i cant understand that when all ready/almost ready to move project on sohna rd( even 1 yr delivery like palm terraces/park view spa) are available at 5500-6500 band how come new launches with 3/4 year delivery are at 7500-11,000 bracket.

                    even the top end appt like belaire/park place are available at 82/8300 rs having the best location( 1 year delivery) and pinnacle/summit/icon are at 9000-10000 range...
                    defies logic....
                    I think people who really have budget for luxury segment and looking for almost ready apartments are definitely buying in resale. But people like me who can think of the same budget in next 4 to 5 years time frame are buying in fresh booking so they don't need pay too much up front.

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