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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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  • #51

    #51

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

    well agreed , but one should also keep in mind that the acquisition land cost + bribes to HUda . the costing of the land was very high for the builders on gc ex , The FSI cost for residential on gc ex now is anywhere between 3500-4000 , and one can find no land parcels here.........so the pricing of 6k is very justifiable.

    yes i agree nothing is available by a decent builder below 5-6 k , but if you look hard enough , you can find uptown , ireo VV ( if you look hard can be gotten around 5800-6k mark , Emaar stuff is around 5k mark 9 emarald floors) , pioneer park is in 5500 mark . Out of the lot uptown and VV make decent sense right ....

    But manoj bhai , also for a luxury product investor/end users , where are the options in gurgaon .....

    I also agree with the statement that they could be hit the hardest in times of correction , but that is not because they are on Gc ex , that is because they are luxury products , and when u invest in sucha kind of project this risk is always attached to it , but returns of luxury projects is the max .....

    And about concrete jungles , my take can be different to yours ,,,,,, no problems ....

    Cheers
    Bishan

    Originally posted by MANOJa View Post
    Ishan Bhai, we seem to have different definitions of a "concrete jungle" .

    On the pricing front, anything priced above 5000-6000 psft is luxury & "tending to obscene" pricing for the middle class & Upper Middle class . Can u name many projects of decent Builders, which r on the Gcx. road & r less than 5/6 K ( except some older projects of less reputed Builders & BPTP ). My point is that these absurdly priced projects & projects looking to reach absurd pricing could fall on their face, in case of correction & they could be the one's who get hit the hardest .

    My PoV, i could be wrong . GGN RE is behaving abnormally for months now & it is really difficult to predict or pin an abnormal phenomenon .

    Comment

    • #52

      #52

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

      Originally posted by BlessU View Post
      Hi
      Greetings!!
      If one buys at 6000, say what ROI can be realistically expected in the best and worst case, period of 5years, no loan?
      Any suggestions considering the supply/ demand/ development triggers etc?

      Cheers!!
      Well that really depends on market conditions and project to project basis .......

      Comment

      • #53

        #53

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

        Ishan Bhai, u r not getting the point . What, i am saying is that most ( if not all ) Gcx. road projects r >5/6 K & in case of correction, they would be the worst hit along with the more obscenely priced ones .

        Originally posted by ISHANb View Post
        well agreed , but one should also keep in mind that the acquisition land cost + bribes to HUda . the costing of the land was very high for the builders on gc ex , The FSI cost for residential on gc ex now is anywhere between 3500-4000 , and one can find no land parcels here.........so the pricing of 6k is very justifiable.

        yes i agree nothing is available by a decent builder below 5-6 k , but if you look hard enough , you can find uptown , ireo VV ( if you look hard can be gotten around 5800-6k mark , Emaar stuff is around 5k mark 9 emarald floors) , pioneer park is in 5500 mark . Out of the lot uptown and VV make decent sense right ....

        But manoj bhai , also for a luxury product investor/end users , where are the options in gurgaon .....

        I also agree with the statement that they could be hit the hardest in times of correction , but that is not because they are on Gc ex , that is because they are luxury products , and when u invest in sucha kind of project this risk is always attached to it , but returns of luxury projects is the max .....

        And about concrete jungles , my take can be different to yours ,,,,,, no problems ....

        Cheers
        Bishan
        Please read IREF rules | FAQ's

        Comment

        • #54

          #54

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

          Originally posted by MANOJa View Post
          Ishan Bhai, u r not getting the point . What, i am saying is that most ( if not all ) Gcx. road projects r >5/6 K & in case of correction, they would be the worst hit along with the more obscenely priced ones .
          I agree with you on that note .... the higher the price , the higher is the margin of fall ......

          But these kinds of risks are always attached to an investment in luxury projects ..... if correction hits it gets hit hard , and in boom time these products give maximum ROi !!!

          Comment

          • #55

            #55

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

            Not really sure on this part of yr. comment -


            .................and in boom time these products give maximum ROi !!!
            Please read IREF rules | FAQ's

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            • #56

              #56

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

              Whole market is obscenely priced not just GCX....

              4000+ in the jungles of NH8 is highly obscene

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              • #57

                #57

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

                manoj bhai whole market is obsence

                5500-600 on gCX
                4000-4500 on NH8
                3700-4000 on D way

                the element of absurdness is same in all of the above

                Comment

                • #58

                  #58

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

                  Originally posted by amit001 View Post
                  Whole market is obscenely priced not just GCX....

                  4000+ in the jungles of NH8 is highly obscene
                  Yes exactly .... 4000 + is ridiculoius on nh-8 ......that is why one can see that many people invested in projects like anandas are desperate to sale rate to rate .........

                  even if people say that pricing right now in gc ex is obscene .... i guess thats is the place left with most potential upside in short/medium and long term ....

                  Comment

                  • #59

                    #59

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

                    Sure.... I have sold one of my apartment at 7k level recently located at GC ex but it took me almost 5 months to find a buyer who is ready to buy.. so guess how much time would it need to sell these properties at 13k-14k ...


                    Originally posted by Parag78
                    Well if i would have believed the pessimists i would have never invested on GCX 1 year back because since that time correction has been coming. With that said i dont think you will be able to get any good project on GCX below 5.5k even if correction comes.The fear of loosing 5-10% will defy you of 200-300% gain. Indian real estate is unlike anything, don't try to time it. Never a bad time to invest in property in India it always pays off in long run.


                    By 2015 we will be close to 13-14k on GCX.

                    Comment

                    • #60

                      #60

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

                      Parag78 - Mostly agree with you. I don't think GCx investments will suffer even if a correction comes. Also, I was also advised in 2008 when I invested on GCx that I should wait as correction was coming - If I had then I would not have been able to afford the apartment that I have now. All this despite the last recession. I do believe that if there is a correction, the D-way projects will be affected more than the NH-8/GCx projects simply because panic will set in faster on the D-way. But overall, all you fence sitters - don't wait for the correction, go for it now!!!

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