Gurus,

I have zeroed on Vatika Next Bellevue Residence 240 Sq yard Simplex Villas . Is it good investment 1.2cr - 1.3 cr range. As I checked Nirvana country 2 simplex villa for which asking is from 1.95 cr - 2 cr ..

I am aware of Vatika's pathetic crm department and late delivery practise but I previously hold one of Vatika's property which gave me exceptional returns and construction quality was not bad.

I have time frame of 5 years for this investment and I am targeting 2.5 cr target for this villa investment once property is ready and people starts moving in nearby properties.

Please, let me know your views on this as I have to take decision soon.

Thanks in Advance
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  • Is Vatika INXT Signature 2 in S1 block?
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  • I heard from Vatika CRM that 4 villas have been offered possession already. Does anyone have an update ?
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  • Yes they have offered possession for some villas. Some pics..
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  • Thanks @manu813 Are these 240 Duplex villas?
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  • Originally Posted by manu813
    Yes they have offered possession for some villas. Some pics..


    What is the resale price?
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  • Hi All, looks like area is coming up well. Any idea of plot prices and resale in sector 83 and 82. Thanks
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  • Originally Posted by bobbish2009
    Thanks @manu813 Are these 240 Duplex villas?


    These are 360 sq yd duplex.
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  • Nice pics…360 ones are very spacious and i saw them on last trip. would think that by Jan/Feb next year possession would be complete for number of them
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  • I was told by one of the Property Dealer that possession for about 6 - 8 Signature 2 Villas / 360 ... already been offered ... ?
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  • What is the resale rate going on for 240sqy Villa? I was browsing property sites and in some cases i could see it below 1.5 cr.
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  • Originally Posted by piyushbaj
    What is the resale rate going on for 240sqy Villa? I was browsing property sites and in some cases i could see it below 1.5 cr.


    Is this for 240 SQYD Simplex or Duplex Villa ...
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  • Dear Mr Manu / Saibal ,

    It is good that villas are finally getting ready for possession . I have a villa in the project booked in 2010z As a senior member , need your advise

    1. Will we get the penalty as per BBA ? I think 7₹/sft after 36 months of signing the BBA
    2. Will Vatika deliver as per BBA like 5-6 air conditioners For the villa ?
    3. Is VAT applicable for the payments before 2014 but generally VAT is applicable , if the possession is before 2014.... in our case there is no handover in this project during 2014 ...

    please advise ... your suggestion are valuable
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  • Visited site on 15th November. Some villas are up for possession. The villas for which work has not started , as per vatika work will start soon. I don't trust that anymore.Here are some pics..
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    1 Comments
    • saibal1 years ago
      Hi Manu ... Did you get a chance to meet Vatika guys face to face ... call me if you are still in India ...
  • Originally Posted by sehgalakash1
    Dear Mr Manu / Saibal ,

    It is good that villas are finally getting ready for possession . I have a villa in the project booked in 2010z As a senior member , need your advise

    1. Will we get the penalty as per BBA ? I think 7₹/sft after 36 months of signing the BBA


    2. Will Vatika deliver as per BBA like 5-6 air conditioners For the villa ?

    3. Is VAT applicable for the payments before 2014 but generally VAT is applicable , if the possession is before 2014.... in our case there is no handover in this project during 2014 ...

    please advise ... your suggestion are valuable


    Dear Sehgal,

    Please, find my response .

    1) Ideally they should but they have never given that money in their previous delayed projects on pretext of flimsy reasons.

    2) No Idea

    3) Not sure but many people in villa's whatsup group mentioned receiving VAT demand.
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  • Latest pictures of Signature 2 Villa's from Vatika website ...
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