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GCX / SPR - Among Top 3 Investment Destinations in India

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GCX / SPR - Among Top 3 Investment Destinations in India

Last updated: June 7 2011
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  • #11

    #11

    Re : GCX / SPR - Among Top 3 Investment Destinations in India

    Originally posted by amit001 View Post
    The main resson for bullishness for GCX is the kind of development which is planned on that road in terms of impressive RE projects like IREO projects, Emaar projects, M3M etc

    The whole area will be developed by private developers and will not be a mix of private developers and co-operative socities...

    I beleive that GCX will be the best place to live/invest among GGN/Noida/Manesar/Gr. Noida

    Nothing comes in comparison to Delhi....

    You tell me an ares which will be more posh to live in among the right contenders GGn/Noida etc

    There is no comparison between South Delhi and GGn

    Try to understand the article in the right context. It does not mean GCX will be like South Delhi. it sayd GCX to GGn will be like South Delhi is to Delhi...
    Who's Responsible For Power Pangs In DLF III ?
    By saakshi, Section Electricity
    Posted on Thu May 26, 2011 at 01:30:20 AM EST

    Even as various DLF localities reel under constant powercuts, the area residents are unsure about which authority they should approach to fix the problem.
    The DLF and the Dakshin Haryana Bijli Vitaran Nigam (DHBVN) are busy passing the buck between each other.

    "The situation has been bad throughout the week. We have been calling both DHBVN as well as the DLF maintenance team to rectify the problems. The powercuts extend for up to 10 hours at a stretch during the weekend," said Ratna, a resident of Block V, Phase III. The troubled residents of DLF city met the DLF management on Wednesday to discuss the issue.

    Various residents of Block T and V of DLF Phase III have been protesting for the last two days.

    Said R K Yadav, a social activist, "We are paying huge amounts in the name of maintenance charges to DLF, besides coughing up property tax to the municipal corporation. We would definitely be agitated when we don't find water and electricity for long hours." The residents claim that engineers were not available to address their queries.

    "Nobody wants to take responsibility and the authorities concerned seem to have no answer. The situation hasn't improved since Saturday's thunder storm. It seems we are residing in an unauthorized and unlicensed colony where two tankers of water are supplying water to thousands of residents," said V S Kakkar, a resident of the area.

    According to Subhah Deswal, superintending engineer, operation circle at DHBVN: "The power cuts in the last few days are a result of internal faults and we cannot be held responsible. We are responsible for supplying power, but the issue of maintenance is their (DLF's) lookout."

    Meanwhile according to Col Soharu of the DLF maintenance team, the maintainence of electricity lines is the responsibility of DHBVN.

    "The powercuts, especially in DLF Phase III, are a result of a major snag in an underground cable network. We can only extend help to the government body in their work," said Soharu.

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    • #12

      #12

      Re : GCX / SPR - Among Top 3 Investment Destinations in India

      why is he struggling on GCX

      Emaar MGF To Sell Apartment Project To US Co For R1,200 cr
      By saakshi, Section Gurgaon Real Estate Property
      Posted on Thu May 26, 2011 at 01:22:26 AM EST


      In the first real estate bulk deal in the National Capital Region, New Delhi-based realty major Emaar MGF is learnt to be in an advanced stage of selling its under-construction 550-flat residential complex Palm Drive in Gurgaon for Rs 1,000-1,200 crore to New York-based marquee realtor Tishman Speyer.

      For the beleaguered Emaar MGF, a joint-venture between Dubai-based Emaar and Shravan Gupta-led MGF Land Ltd, this is a fire sale, as the company is unable to sell the flats by itself owing to the current slump in the housing market and desperrately needs money to retire part of its R4,689-crore debt and improve its cash flows.


      When contacted, Emaar MGF CFO and executive president Sanjeev Saddy said: "Talks with Tishman Speyer are in preliminary stages. It's a good move for us if we realise the optimum value of the flats. But nothing concrete has materialised as yet." Tishman declined to comment on the development. The American realtor currently manages the iconic Rockefeller Center building in Manhattan. Tishman currently has three properties in India, one in Chennai and two in Hyderabad.

      The deal, if it goes through, can provide Emaar MGF some reprieve, as it can look to retire a third of its debt. The 2009 meltdown in the Dubai property market hurt its joint-venture partner Emaar badly.

      That, coupled with its still-in-limbo IPO first scuttled by a bad market in February 2008, and subsequently red-flagged by market regulator Sebi twice, last time in September 2010 over irregularities in its offer document and controversies around its development of the Commonwealth Games Village, has put the company in a tight spot. Emaar-MGF was also raided by the Enforcement Directorate in June 2009 over alleged misuse of FDI funds. These investigations are ongoing.

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      • #13

        #13

        Re : GCX / SPR - Among Top 3 Investment Destinations in India

        I am not saying that the article says it will become South Delhi. I am also trying to compare within Gurgaon itself. In my opinion DLF City 1 to 5, Sushant Lok1(debatable) will remain more posh than this area, reason being that they are much more ahead in terms of development. Among these areas also, DLF 1 will be the most posh because of internal roads, kothi sizes and gentry staying there etc.
        No such development/logic is visible in GCX.
        Currently, many builders are selling their projects on GCX. If they could complete it, it will be just that. There will be no development outside that unless government do that. And here I am asking did government say that they will do better development here than existing sectors? Otherwise, 3/4th part of your Mercedes tyre will be in the pothole when you come out of M3M. Park View Spa Next will have to take big round from Sector 66 sector road (which will pinch most if they have to run to a hospital in an emergency).
        Aaj ki date mein builders apne project time pe complete kar lein to they becomes equivalent to God. Forget any development they'll do outside their projects.
        Last edited May 26 2011, 03:46 PM.

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        • #14

          #14

          Re : GCX / SPR - Among Top 3 Investment Destinations in India

          Gcx. road is over hyped & prices of almost all projects r inflated .

          In case of correction, this area could be the first to trip & can fall flat on it's face .

          My PoV, many would differ .
          Please read IREF rules | FAQ's

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          • #15

            #15

            Re : GCX / SPR - Among Top 3 Investment Destinations in India

            Singh sir, i agree with ur points

            Investments are done in expectation of development, so we are expecting development will happen on gcx as it has happened over the years in DLF and some other areas you have pointed

            Dost kabhi DLF phase 1 bhi to GCX ki tarah tha

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            • #16

              #16

              Re : GCX / SPR - Among Top 3 Investment Destinations in India

              The govt plans are in the Gurgaon manesar master plans , and execution can be seen with your own eyes ....

              also am not aware of it being a low lying area ..... would have to check on that and get back to you ......

              and the article says it ll be like what south delhi is to delhi , not that it is going to be south delhi ....

              and talking about prices ... people keep your eyes and ears open to the fact that many projects on gc ex have taken over pricing of many projects on gc road .........

              And all the facts provided in the article are true to the best of my knowledge !!!!!! But then again there would always be both cynics and admirers of each location in gurgaon or in fact anywhere in the world ..... so yaa ..... healthy to see different point of views ....


              Originally posted by dsinghca View Post
              One more thing, South Delhi is South Delhi because government provided better infrastructure there due to emabassies and other reasons.
              Is there any such plan here on GCX or is it a paid article?
              Has Hooda said that potholes in this area will be less deeper?
              Posh areas are posh areas because of the better infrastructure provided by the government. As of now, I can't see that except width of some roads reaching nowhere. e.g. Sector road parallel to GCX will never meet Sohna Road.
              I don't see any logic behind this article except undue optimism.
              Before believing any such article one should ask government development plans and execution for this area.

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              • #17

                #17

                Re : GCX / SPR - Among Top 3 Investment Destinations in India

                I agree that it is over priced, but it will be a posh area to live in 5 years down the line. That what I am saying

                Originally posted by MANOJa View Post
                Gcx. road is over hyped & prices of almost all projects r inflated .

                In case of correction, this area could be the first to trip & can fall flat on it's face .

                My PoV, many would differ .

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                • #18

                  #18

                  Re : GCX / SPR - Among Top 3 Investment Destinations in India

                  Manoja, if prices fall, Dwarka Ex projects will fall most, followed by NH8 and least fall will be in GCX

                  I agree with Ishan b, GCX is well located to go on to be the best area in GGN.

                  People will probably sell their society flats - definitely their Kothis given the situation of solving your own problems everyday on your own - and move into the premium flats of GCX.

                  Govt roads etc in whole of GGN is anyway pathetic. Roads washed away in last monseen have been left to their fate - now next monsoon is upon us.

                  GCX is not really low lying - except in heavy rains water will flow in - it is part of the ridge area and has a very low water table. Water woes are going to be maximum in GCX in future.
                  Venky (Please read watch a or before posting)

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                  • #19

                    #19

                    Re : GCX / SPR - Among Top 3 Investment Destinations in India

                    Yes, it would be one of the first decent areas ( for people who love concrete jungles surrounding them ) to be ready to live in , but saying that it is going to be the only decent area, would be wrong .

                    It is going to be a concrete jungle in the next 5 years & for me that is not posh .
                    Please read IREF rules | FAQ's

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                    • #20

                      #20

                      Re : GCX / SPR - Among Top 3 Investment Destinations in India

                      Agree Sir, but still think DLF 1 and similar others will always remain ahead than GCX coz the development which is already there is still proposed in GCX. e.g. by the time metro reaches GCX, if at all, Rapid metro will be running in DLF1.

                      Originally posted by amit001 View Post
                      Singh sir, i agree with ur points

                      Investments are done in expectation of development, so we are expecting development will happen on gcx as it has happened over the years in DLF and some other areas you have pointed

                      Dost kabhi DLF phase 1 bhi to GCX ki tarah tha

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