Announcement

Collapse
No announcement yet.

GCX / SPR - Among Top 3 Investment Destinations in India

Collapse
X
Collapse

GCX / SPR - Among Top 3 Investment Destinations in India

Last updated: June 7 2011
70 | Posts
  • Time
  • Show
Clear All
new posts
  • #61

    #61

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

    Parag,
    I didn't missed 2015. neither I am disputing that prices can reach at this level only issue would be to dispose off your property at this level..

    I sold my apartment in Vatika City.

    Originally posted by Parag78
    Manu - I think you missed where i said 13-14k by 2015. BTW which project you sold at 7k?

    Comment

    • #62

      #62

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

      sorry to interupt

      Originally posted by amit001 View Post
      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
      Hi
      Greetings!!

      Sorry to butt in but dont forget noise about Sobha 8-10K!!

      Comment

      • #63

        #63

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

        BlessU

        Originally posted by Parag78
        Manu - I think you missed where i said 13-14k by 2015. BTW which project you sold at 7k?
        Hi!! Honestly I would be satisfied with 10000 four years down the line. Also need to factor in that payment is being made in installments for most of the projects and not all at one go.. would give effective return of 30%+ therefore.
        13-15K would be a blessing. This area also will be isolated from supply hiccups coming from other areas NH8/Deway/Bilaspur etc.. as the user would be averse to staying anywhere else due to his status, class, purchasing power.. PROVIDED Deway throws a miracle by coming up withing one year and providing world class infrastructure and amenities. I am informed that large political groups are hell bent to make this area come up fast, particularly from Cong I

        Comment

        • #64

          #64

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

          Congress party in center and Hooda are both pushing for this area. You can figure this out from the number of big ticket items started in this area.

          Next big thing for this area could be Delhi - Mumbai corridor.

          Comment

          • #65

            #65

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

            Amit Bhai, let me clarify -

            I said pricing of 5/6 K is luxury for middle & Upper Middle Class .

            "Tending to obscene" pricing for the middle class & Upper Middle class r projects currently on offer which r > 6/7 K .

            In case of correction, these absurd/obscene priced projects would be the biggest sufferers . Projects which, i define as luxury for middle & Upper Middle Class would also suffer, but like other projects & areas .

            If u r comparing GcX. prices ( assumed available at pricing 5500 psft ) to NH ( assumed available at pricing 4000 psft ) , similar projects r having a differential of 1500 to 2000 psft. For a 3 BHK ( 1500 sq. feet ), the minimum price differential is 22.5 L ( u may buy another 2 BHK in other parts of the NCR in this difference ).

            I hope u have better clarity on what i am trying to say . Now, what is absurd, obscene should be much more relevant .




            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 .


            Originally posted by amit001 View Post
            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
            Last edited May 27 2011, 09:43 AM. Reason: typo
            Please read IREF rules | FAQ's

            Comment

            • #66

              #66

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

              GCX,

              Disaster management officials and the irrigation department are wary of flooding in the Millennium City this monsoon. They predicted 'man-made' flooding after several natural drains were blocked due to construction activities. The irrigation department has blamed the town and country planning (T&


              ;CP) department for issuing licences to developers, who have built buildings over natural drain sites.
              Gurgaon has three main natural drains, which are now blocked due to large-scale infrastructure development over the last few years.

              The Badshahpur drain alone carries 800 cusecs of water from the Aravalli into the Yamuna river, via Gurgaon. The total discharge of all three drains exceeds 1,000 cusecs, which is 10 times the current daily water supply to the city from the Gurgaon Water Supply Canal.

              “Water accumulated in the Aravalli hills and other parts of the city flows through these natural drains, and reach Najafgarh drain No. 8 (Yamuna river),” an irrigation department official said. “If these drains overflow, then all low-lying areas will be submerged during monsoon,” said the official.

              This has happened in the past, yet several malls, residential colonies and high-rises have come up on these drains. In 2010, construction activities in sectors 58, 62 and 65 near Southern Periphery Road was stopped after the whole area was submerged during light rain. Other affected areas include Sushant Lok 2 and 3, Surya Vihar and DLF Phase 3, which are all built on top of natural drains.

              IMT Manesar Road was also flooded in 2009. The HSIIDC plans to build a box drain parallel to the road to solve this problem. The T&CP department also plans to build a box drain parallel to KMP expressway to allow developers to build colonies.

              Rough history

              DLF Phase 3 (U Block), Belvedere Tower and Sushant Lok Phase 2 and 3 were flooded during 2010 monsoon. Developers had demolished or blocked several culverts in these areas. For example, the Sikanderpur culvert was blocked by a builder to make way for a residential society.

              "The fault is with the T&CP department. It never consulted the irrigation department or the disaster management authority before issuing no-objection certificates and granting licences. The T&CP department should have ensured proper drainage systems before allowing colonies and big malls to come up," said Abhay Kumar Shrivastava, head of the National Institute of Disaster Management.

              The Rapid Metro project may harm the Nathupur bund. A senior irrigation department official said the Metro runs parallel to the drain, and at some areas it runs directly over the drain. The distance between the two is only 1,000 feet.

              “But all is not lost. Civic authorities can build check dams and even revive whatever is left of natural drains. If a strong drainage system is built, then the problem can be controlled to some extent,” an irrigation department official said.

              The T&CP department said it has not given licences to builders. “Developers directly negotiate with village panchayats and take possession of common land to start their projects,” a T&CP official said

              Comment

              Have any questions or thoughts about this?
              Working...
              X