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Studio Apts in GGN? Analysis please?

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Studio Apts in GGN? Analysis please?

Last updated: October 4 2012
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  • #11

    #11

    Re : Studio Apts in GGN? Analysis please?

    They are presenting them as serviced furnished luxury appts . proposed location is sec 63 though dont have exact location details..
    but prcing is 8000 less 400 disc

    Originally posted by djvjain View Post
    Amit MM,

    Which project you are talking about? I can't seem to find it on their website.

    The prices are crazy for a studio apartment....

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    • #12

      #12

      Re : Studio Apts in GGN? Analysis please?

      Studio Appts

      Hi
      Greetings!!
      Interesting new segment indeed!! but uninteresting prices for now. Definitely not a home. Who would be interested if not a family?
      May be the question will have some answers for various people but will take a while for concept to mature and prices to rationalise depending on segment targeted
      SOHO
      DINKS
      SINKS
      Strugglers
      Students
      Paying Guests
      Medium/long term Stay rentals

      Comment

      • #13

        #13

        Re : Studio Apts in GGN? Analysis please?

        in the initial phases most likely to be serviced appts for corporates/guest houses/short term rentaks..DINKS/bachelor pads later.....


        Originally posted by BlessU View Post
        Hi
        Greetings!!
        Interesting new segment indeed!! but uninteresting prices for now. Definitely not a home. Who would be interested if not a family?
        May be the question will have some answers for various people but will take a while for concept to mature and prices to rationalise depending on segment targeted
        SOHO
        DINKS
        SINKS
        Strugglers
        Students
        Paying Guests
        Medium/long term Stay rentals

        Comment

        • #14

          #14

          Re : Studio Apts in GGN? Analysis please?

          BlessU

          [QUOTE=AmitMM;192486]in the initial phases most likely to be serviced appts for corporates/guest houses/short term rentaks..DINKS/bachelor pads later.....[/QUOTE

          Also consider alliances of non marital kind

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          • #15

            #15

            Re : Studio Apts in GGN? Analysis please?

            well i hope not like the US drive ways motels of the hourly rental kind!!!!


            [QUOTE=BlessU;192493]
            Originally posted by AmitMM View Post
            in the initial phases most likely to be serviced appts for corporates/guest houses/short term rentaks..DINKS/bachelor pads later.....[/QUOTE

            Also consider alliances of non marital kind

            Comment

            • #16

              #16

              Re : Studio Apts in GGN? Analysis please?

              well i guess a few options from the top of my head are -

              1)Vigneshwaras project
              2) BAANi sector 63- price range 7600ish
              3) Prism suites- 5500 to 6000 pricing

              not much known by me about vigneshwara but BAANI and Prism suites are not exactly studio apartments , they are service apartments which would have a decent operator( someone form the hospitality management industry operating them ) . These bothe projects basically target the corporates ..... Baani is i guess roping in a dubai hotel chain to operate it ( iguess baani has two options one with international operator , and other with local operator types).....

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              • #17

                #17

                Re : Studio Apts in GGN? Analysis please?

                Prism suites are going for about 6000sq.ft, but it is on GGN-FBD which is still under-construction. Suite size varies from 550 to 650 sq.ft.

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                • #18

                  #18

                  Re : Studio Apts in GGN? Analysis please?

                  Originally posted by djvjain View Post
                  Prism suites are going for about 6000sq.ft, but it is on GGN-FBD which is still under-construction. Suite size varies from 550 to 650 sq.ft.
                  lol .... gurgaon faridabad road is there for a very long time now ...... the road is just under expansion to make it a six lane and the expansion work also has been almost more than half complete .....

                  and suites sizes start from i guess 700 ish to 1000 ish ...

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                  • #19

                    #19

                    Re : Studio Apts in GGN? Analysis please?

                    Yes, it is there for a while, but just a two lane road. There is no point investing such a big amount of money till the road becomes wider. And as the construction is going this might take another couple of years......

                    Comment

                    • #20

                      #20

                      Re : Studio Apts in GGN? Analysis please?

                      This pricing of 6-7 K for studio apartments is beyond my understanding . Maybe, i am out of sync here .

                      How would one recover the interest on the investments, unless, as AmitMM jokingly suggested of their use as "like the US drive ways motels of the hourly rental kind!!!!" .
                      Please read IREF rules | FAQ's

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