Members!!!!

I have been looking to invest in a 2-3 Bhk since a couple of months now and more or less zero-ing on ireo sector 67a project ( although uptown, palm studio and victory valley are still on my radar) ... I request all knowledgable members ( especially the seniors and brokers in disguise of members) to comment upon the pros and cons of the project.

Also, I'd request other members planning to go for the project to get in touch with me, so that, we can look for a deal as a group rather than as multiple single parties .

As a start to the thread, let me list out a few pros and cons.

PROS

- New launch. Very little upfront payment.
- Specifications, better than basic, which are becoming a hallmark of ireo.
- location ( as per first information) looks to be good. Behind sector 67 or say
behind victory valley and PVSN
- other projects of the builder getting handsome appreciation and excellent
speed of all projects as of now ( cash crunch doesn't seem to be affecting the
So called FDI funded , politically funded as per grapevine, builder at all.

CONS

- yet undemarcated sector. Not in master plan 2021.
- builder, although very promising, hasn't delivered anything as yet
- specifications will be more along the lines of uptown ( which is available in
resale at 4800-4900 levels and has better location) and not very luxurious
Like grand arch,victory valley or skyon.
- although pricing is very speculative as of now but if it ends up 5k or more
Will be a disappointment ( like unitech south park).


I hope to hear from the other guys soon ....
;)





MODERATOR's NOTE - This thread was started about 18 months back, when this project was rumored to be getting launched . Due to delay in the launch this thread went into hibernation for some time and it is now alive . Newbies/First time users, please note & do not get misguided by the last year's launch price that stands mentioned . A duplicate thread { which stands closed now } has some updated information . Refer http://www.indianrealestateforum.com...7-a-46911.html .
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  • Originally Posted by nc_gupta
    5950, wow!

    I think its just not practical to invest in 67A sector that is yet to be notified.

    Ireo is hype. I am surpised what keeps them ticking for now.

    I suggest try other upcoming launches like Unitech floors , crestview etc.


    I am told 700 flats have been booked at 5950 and the launch now is at around 6200
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  • Unbelievable...


    Originally Posted by Sumit76
    I am told 700 flats have been booked at 5950 and the launch now is at around 6200
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  • I also heard the same. Also that IREO has stopped accepting fresh cheques until official launch at higher rate is announced. Heard again that an IT major has booked one complete block. Complete details of the project are yet to be announced (perhaps within a week).

    Originally Posted by Sumit76
    I am told 700 flats have been booked at 5950 and the launch now is at around 6200
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  • Suddenly 5000-5200 for SPR projects is looking cheap to me....
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  • Amit sir - I have been voicing this before as well. I am bullish on Unitech floors project because BSP comes around 5100.

    If Ireo is able to sell dirt in far off sector like 67A.

    I am sure, it is just a matter of time before other big projects like unitech anthea floors and south park catch up.
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  • Sir 67 a is very far and I am amazed by the guts of peoPle who are booking at 5950 or 6200 as suggested by one of the member

    As per a very big reliable broker a lot of People who earlier were thinking of cookies are now giving cheques for Unitech Crestview
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  • Just checked on their website, no details of the project, so yet to be launched?

    How many years you think it would take to develop the area?
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  • It will clearly take 3 years for the project to come up and about a similar time for most of the properties in the area to come to life. If you do a survey of the road you'll see what I mean. Some properties may come in a little early too. In terms of action there is definitely a lot happening.

    The pricing though defies most logic.. but I guess that is the crude truth of the RE industry.

    The latest as I hear is 6300 which will happen during the launch now. It's amazing that 700 flats are booked.. saw it in this forum.. very helpful.

    Originally Posted by varun85
    Just checked on their website, no details of the project, so yet to be launched?

    How many years you think it would take to develop the area?
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  • My dear friend, what amazes necessarily may not be fact. I can only say one thing... Babuji dheere chalna, bade dhokey hain is rah mein
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  • This strategy of 5950 by IREO may work well for crestview. Eventually Unitech will be able to sell their project courtsey IREO.
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  • Thanks learning from the seniors in the forum.

    Originally Posted by rs2507
    My dear friend, what amazes necessarily may not be fact. I can only say one thing... Babuji dheere chalna, bade dhokey hain is rah mein
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  • My broker has offered a 2bhk booking at 5500 psf. This offer is available till tomorrow afternoon only else he will offer it to others.

    My horizon is 6 months only that I believe is the lock in, though I can pay other installments also if need be however i am seeking is advice with 6 months horizon only.

    I am aware on absolute basis 5500 psf is very high for sector 67 but seeing it selling now close to 5900 i am tempted.

    Kindly advice? Thanks in advance.
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  • Originally Posted by ravika
    My broker has offered a 2bhk booking at 5500 psf. This offer is available till tomorrow afternoon only else he will offer it to others.

    My horizon is 6 months only that I believe is the lock in, though I can pay other installments also if need be however i am seeking is advice with 6 months horizon only.

    I am aware on absolute basis 5500 psf is very high for sector 67 but seeing it selling now close to 5900 i am tempted.

    Kindly advice? Thanks in advance.

    The point to think is if really rate is anywhere near 5900/ how come broker sellinh at 5500????
    Is it not a clear cut case of hype as I am maintaining for a long time...
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  • Originally Posted by rs2507
    The point to think is if really rate is anywhere near 5900/ how come broker sellinh at 5500????
    Is it not a clear cut case of hype as I am maintaining for a long time...

    Thanks rs507,

    The broker is known one and we split profits at times. just for your info.
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  • Originally Posted by ravika
    Thanks rs507,

    The broker is known one and we split profits at times. just for your info.

    Brokers will always split profits...known or unknown...ha ha, still it is not broker who decides the rate...look at reality, which is so clear
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