The Corridors by IREO Developers in Sector 67A, Gurgaon

#1541

August 7 2013, 06:49 AM

Adhikari

Member

Join Date: Sep 2012
Posts: 63

#1541

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 06:49 AM

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  string(1701) "[COLOR="Black"][/COLOR][QUOTE=Norway;935541]A lot is said about Location But isnt Golf road in a better location than Extn ,  And delhi a better loc than golf road ! If a project 1 km  up or down on golf rd extension is a make it or break "proposition " in terms of just Location then TaTa Raisina has the best location on GRX @9k right next to " The Ireo city " and we all know what has happened to Tata with its supreme location advantage. 
And yes i will reiterate this  project has the best specs on GRX .....High School , hospital , 2 acre club , sports complex , Everything sweetly built in 
BUT Just becoz the market has taken a dip  and short term investors are trying to get out ..therefore no premium for the time being but  it's just a matter of a few months once these poor souls are out ,, premium  would be right  back in !!
Golf road is a mix of all kind of buildings. No Sir, Golf Road is not the best location any more. Ext. would surpass is it. Even today, localities like South City-1 are superior in general with Kingdom of Dreams, Apu Gha, lavish greenery, proximity to malls and best of the hospitals.

Which part of Delhi is superior to Golf Course?? Would it be 10/20% in geographical sense or 5/10% in terms of the habitants? If one leaves the Lutyens Delhi or Shantiniketan or the original golf course and a couple of more such places, how is Delhi better? It is debated and settled!

And Sir, what has happened to Raisina? Shall be obliged to know as I am invested in the "best location" as rightly suggested by you. I think that the view from my balconies would always be unpolluted and the air would be fresher. Seriously, please do educate me.

With kind regards"
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[QUOTE=Norway;935541]A lot is said about Location But isnt Golf road in a better location than Extn , And delhi a better loc than golf road ! If a project 1 km up or down on golf rd extension is a make it or break "proposition " in terms of just Location then TaTa Raisina has the best location on GRX @9k right next to " The Ireo city " and we all know what has happened to Tata with its supreme location advantage.
And yes i will reiterate this project has the best specs on GRX .....High School , hospital , 2 acre club , sports complex , Everything sweetly built in
BUT Just becoz the market has taken a dip and short term investors are trying to get out ..therefore no premium for the time being but it's just a matter of a few months once these poor souls are out ,, premium would be right back in !!
Golf road is a mix of all kind of buildings. No Sir, Golf Road is not the best location any more. Ext. would surpass is it. Even today, localities like South City-1 are superior in general with Kingdom of Dreams, Apu Gha, lavish greenery, proximity to malls and best of the hospitals.

Which part of Delhi is superior to Golf Course?? Would it be 10/20% in geographical sense or 5/10% in terms of the habitants? If one leaves the Lutyens Delhi or Shantiniketan or the original golf course and a couple of more such places, how is Delhi better? It is debated and settled!

And Sir, what has happened to Raisina? Shall be obliged to know as I am invested in the "best location" as rightly suggested by you. I think that the view from my balconies would always be unpolluted and the air would be fresher. Seriously, please do educate me.

With kind regards

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#1542

August 7 2013, 11:42 AM

Norway

Senior Member

Join Date: Feb 2013
Posts: 704

#1542

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 11:42 AM

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  string(2006) "[QUOTE=Adhikari;935641][COLOR="Black"][/COLOR][QUOTE=Norway;935541]A lot is said about Location But isnt Golf road in a better location than Extn ,  And delhi a better loc than golf road ! If a project 1 km  up or down on golf rd extension is a make it or break "proposition " in terms of just Location then TaTa Raisina has the best location on GRX @9k right next to " The Ireo city " and we all know what has happened to Tata with its supreme location advantage. 
And yes i will reiterate this  project has the best specs on GRX .....High School , hospital , 2 acre club , sports complex , Everything sweetly built in 
BUT Just becoz the market has taken a dip  and short term investors are trying to get out ..therefore no premium for the time being but  it's just a matter of a few months once these poor souls are out ,, premium  would be right  back in !!
Golf road is a mix of all kind of buildings. No Sir, Golf Road is not the best location any more. Ext. would surpass is it. Even today, localities like South City-1 are superior in general with Kingdom of Dreams, Apu Gha, lavish greenery, proximity to malls and best of the hospitals.

Which part of Delhi is superior to Golf Course?? Would it be 10/20% in geographical sense or 5/10% in terms of the habitants? If one leaves the Lutyens Delhi or Shantiniketan or the original golf course and a couple of more such places, how is Delhi better? It is debated and settled!

And Sir, what has happened to Raisina? Shall be obliged to know as I am invested in the "best location" as rightly suggested by you. I think that the view from my balconies would always be unpolluted and the air would be fresher. Seriously, please do educate me.

With kind regards[/QUOTE]

Bhaisaab , I was just  talking from "resale " point of view  ! if you would  read the previous few post it would be amply clear , 
anyways cheers to you enjoying " the view from my balconies would always be unpolluted and the air would be fresher" 

With kind regards"
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[QUOTE=Adhikari;935641]

Originally posted by Norway View Post

A lot is said about Location But isnt Golf road in a better location than Extn , And delhi a better loc than golf road ! If a project 1 km up or down on golf rd extension is a make it or break "proposition " in terms of just Location then TaTa Raisina has the best location on GRX @9k right next to " The Ireo city " and we all know what has happened to Tata with its supreme location advantage.
And yes i will reiterate this project has the best specs on GRX .....High School , hospital , 2 acre club , sports complex , Everything sweetly built in
BUT Just becoz the market has taken a dip and short term investors are trying to get out ..therefore no premium for the time being but it's just a matter of a few months once these poor souls are out ,, premium would be right back in !!
Golf road is a mix of all kind of buildings. No Sir, Golf Road is not the best location any more. Ext. would surpass is it. Even today, localities like South City-1 are superior in general with Kingdom of Dreams, Apu Gha, lavish greenery, proximity to malls and best of the hospitals.

Which part of Delhi is superior to Golf Course?? Would it be 10/20% in geographical sense or 5/10% in terms of the habitants? If one leaves the Lutyens Delhi or Shantiniketan or the original golf course and a couple of more such places, how is Delhi better? It is debated and settled!

And Sir, what has happened to Raisina? Shall be obliged to know as I am invested in the "best location" as rightly suggested by you. I think that the view from my balconies would always be unpolluted and the air would be fresher. Seriously, please do educate me.

With kind regards

Bhaisaab , I was just talking from "resale " point of view ! if you would read the previous few post it would be amply clear ,
anyways cheers to you enjoying " the view from my balconies would always be unpolluted and the air would be fresher"

With kind regards

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#1543

August 7 2013, 12:27 PM

Varun83

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Join Date: Mar 2012
Posts: 66

#1543

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 12:27 PM

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  string(935) "agree with you Norway there, another plus point I see is a relatively low cost of ownership at corridors than some of Ireo's other project purely on economies of scale. 

The proposed 215-acre university campus in Sec 68 and public utilities in sect 64 such as mini-secretariat, educational institutions, sports grounds etc as advertised by Ireo are further plus points...
 
@aviral: I do not understand RE that well to make wise investments in resale market. But for me the macro indicators for a project should be attractive enuf to make investment and the reputation of the builder is a big factor for me. In resale I simply cant commit substantial lump sum capital in one go - its too high a risk. Agree with you that the price is inflated but its important to dissuade touch and go or flying type of investors to make a quick buck and vanish...they just kill the resale market for the medium term investors as well as the builder."
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agree with you Norway there, another plus point I see is a relatively low cost of ownership at corridors than some of Ireo's other project purely on economies of scale.

The proposed 215-acre university campus in Sec 68 and public utilities in sect 64 such as mini-secretariat, educational institutions, sports grounds etc as advertised by Ireo are further plus points...

@aviral: I do not understand RE that well to make wise investments in resale market. But for me the macro indicators for a project should be attractive enuf to make investment and the reputation of the builder is a big factor for me. In resale I simply cant commit substantial lump sum capital in one go - its too high a risk. Agree with you that the price is inflated but its important to dissuade touch and go or flying type of investors to make a quick buck and vanish...they just kill the resale market for the medium term investors as well as the builder.

Last edited December 31 2015, 12:21 PM. Reason: Text formatting.

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#1544

August 7 2013, 01:31 PM

Aviral79

Veteran Member

Join Date: May 2013
Posts: 1266

#1544

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 01:31 PM

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The proposed 215-acre university campus in Sec 68 and public utilities in sect 64 such as mini-secretariat, educational institutions, sports grounds etc as advertised by Ireo are further plus points...
 
@aviral: I do not understand RE that well to make wise investments in resale market. But for me the macro indicators for a project should be attractive enuf to make investment and the reputation of the builder is a big factor for me. In resale I simply cant commit substantial lumpsum capital in one go - its too high a risk. Agree with you that the price is inflated but its important to dissuade touch and go or flying type of investors to make a quick buck and vanish...they just kill the resale market for the medium term investors as well as the builder.[/QUOTE]
@Varun83 , I understand your comments and in fact entering a project in the resale market is always more tough also more so because of the colored money component ... the builders know this. But what ever said and done, a long term investment is always good and will bear fruits."
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Originally posted by Varun83 View Post

agree with you Norway there, another plus point I see is a relatively low cost of ownership at corridors than some of Ireo's other project purely on economies of scale.
The proposed 215-acre university campus in Sec 68 and public utilities in sect 64 such as mini-secretariat, educational institutions, sports grounds etc as advertised by Ireo are further plus points...

@aviral: I do not understand RE that well to make wise investments in resale market. But for me the macro indicators for a project should be attractive enuf to make investment and the reputation of the builder is a big factor for me. In resale I simply cant commit substantial lumpsum capital in one go - its too high a risk. Agree with you that the price is inflated but its important to dissuade touch and go or flying type of investors to make a quick buck and vanish...they just kill the resale market for the medium term investors as well as the builder.

@Varun83 , I understand your comments and in fact entering a project in the resale market is always more tough also more so because of the colored money component ... the builders know this. But what ever said and done, a long term investment is always good and will bear fruits.

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#1545

August 7 2013, 01:33 PM

Aviral79

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Join Date: May 2013
Posts: 1266

#1545

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 01:33 PM

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Just got this message - DLF for the first time offers subvention plan in Skycourt. 15% now and rest on possession.....

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#1546

August 7 2013, 02:57 PM

sh-saxena

Veteran Member

Join Date: Dec 2010
Posts: 1720

#1546

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 02:57 PM

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  string(985) "Its not lower cost of ownership than IVV and Uptown and cost is same as Skyon. 
Its cost is less than probably only GA.

I had done few calculations earlier :

Uptown (Assuming BSP 8500,PLC 200 for Green facing)
2BHK (1132)- 1.05 Cr, 2BHK (1225) - 1.15 Cr, 2BHK (1421) - 1.33 Cr
3BHK (1670)- 1.5 Cr, 3BHK (1815) - 1.7 Cr
4BHK(2012) - 1.88 Cr

IVV (Assuming BSP 8500,PLC 250)
2BHK Tower C (1435) - 1.35Cr 
3BHK Midrise (2500)- 2.4 Cr, 3BHK Tower C(2385) - 2.26 Cr
4BHK Midrise(2824) - 2.7 Cr

Corridors 
2BHK (1296)- 1.4 Cr, 2BHK(1484)-1.62  (Assuming BSP 9850, PLC 700 Medium Green)
3BHK (1727)- 1.92 Cr, 3BHK(1852)-2.06 Cr, 3BHK+Study(2416)-2.7 Cr  (Assuming BSP 10050, PLC 700) 
4BHK (2740)- 3.05 Cr  (Assuming BSP 10400, PLC 700) 
[B]Escalation clause in addition to above.
[/B]

[QUOTE=Varun83;935953]agree with you Norway there, another plus point I see is a relatively low cost of ownership at corridors than some of Ireo's other project purely on economies of scale. 
 
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Its not lower cost of ownership than IVV and Uptown and cost is same as Skyon.
Its cost is less than probably only GA.

I had done few calculations earlier :

Uptown (Assuming BSP 8500,PLC 200 for Green facing)
2BHK (1132)- 1.05 Cr, 2BHK (1225) - 1.15 Cr, 2BHK (1421) - 1.33 Cr
3BHK (1670)- 1.5 Cr, 3BHK (1815) - 1.7 Cr
4BHK(2012) - 1.88 Cr

IVV (Assuming BSP 8500,PLC 250)
2BHK Tower C (1435) - 1.35Cr
3BHK Midrise (2500)- 2.4 Cr, 3BHK Tower C(2385) - 2.26 Cr
4BHK Midrise(2824) - 2.7 Cr

Corridors
2BHK (1296)- 1.4 Cr, 2BHK(1484)-1.62 (Assuming BSP 9850, PLC 700 Medium Green)
3BHK (1727)- 1.92 Cr, 3BHK(1852)-2.06 Cr, 3BHK+Study(2416)-2.7 Cr (Assuming BSP 10050, PLC 700)
4BHK (2740)- 3.05 Cr (Assuming BSP 10400, PLC 700)
Escalation clause in addition to above.

Originally posted by Varun83 View Post

agree with you Norway there, another plus point I see is a relatively low cost of ownership at corridors than some of Ireo's other project purely on economies of scale.

Last edited August 7 2013, 03:11 PM.

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#1547

August 7 2013, 03:20 PM

Varun83

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Join Date: Mar 2012
Posts: 66

#1547

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 03:20 PM

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by cost of ownership - i meant the maintenance cost per sq ft. bcos of the sheer number of units...of course, it would include the initial cost of acquisition...i was referring to the former"
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sh

by cost of ownership - i meant the maintenance cost per sq ft. bcos of the sheer number of units...of course, it would include the initial cost of acquisition...i was referring to the former

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#1548

August 7 2013, 03:59 PM

sh-saxena

Veteran Member

Join Date: Dec 2010
Posts: 1720

#1548

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 03:59 PM

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But unfortunately economies of scale dont work in Gurgaon due to builders greed e.g. the maintenance of Park Place (around 1500 apartments) is charged higher than Icon with (380 apartments) by DLF.

[QUOTE=Varun83;936162]sh

by cost of ownership - i meant the maintenance cost per sq ft. bcos of the sheer number of units...of course, it would include the initial cost of acquisition...i was referring to the former[/QUOTE]"
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Oh ok, my mistake to misunderstand.
But unfortunately economies of scale dont work in Gurgaon due to builders greed e.g. the maintenance of Park Place (around 1500 apartments) is charged higher than Icon with (380 apartments) by DLF.

Originally posted by Varun83 View Post

sh

by cost of ownership - i meant the maintenance cost per sq ft. bcos of the sheer number of units...of course, it would include the initial cost of acquisition...i was referring to the former

Last edited August 7 2013, 04:08 PM.

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#1549

August 7 2013, 04:53 PM

Lazybell

Member

Join Date: Sep 2012
Posts: 361

#1549

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 04:53 PM

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  string(982) "[QUOTE=sh-saxena;936147]Its not lower cost of ownership than IVV and Uptown and cost is same as Skyon. 
Its cost is less than probably only GA.

I had done few calculations earlier :

Uptown (Assuming BSP 8500,PLC 200 for Green facing)
2BHK (1132)- 1.05 Cr, 2BHK (1225) - 1.15 Cr, 2BHK (1421) - 1.33 Cr
3BHK (1670)- 1.5 Cr, 3BHK (1815) - 1.7 Cr
4BHK(2012) - 1.88 Cr

IVV (Assuming BSP 8500,PLC 250)
2BHK Tower C (1435) - 1.35Cr 
3BHK Midrise (2500)- 2.4 Cr, 3BHK Tower C(2385) - 2.26 Cr
4BHK Midrise(2824) - 2.7 Cr

Corridors 
2BHK (1296)- 1.4 Cr, 2BHK(1484)-1.62  (Assuming BSP 9850, PLC 700 Medium Green)
3BHK (1727)- 1.92 Cr, 3BHK(1852)-2.06 Cr, 3BHK+Study(2416)-2.7 Cr  (Assuming BSP 10050, PLC 700) 
4BHK (2740)- 3.05 Cr  (Assuming BSP 10400, PLC 700) 
[B]Escalation clause in addition to above.
[/B][/QUOTE]

The maths works differently. To keep cash flow same, the comparison should be to rate/cost in Down Payment Plan. That will be a valid comparison."
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Originally posted by sh-saxena View Post

The maths works differently. To keep cash flow same, the comparison should be to rate/cost in Down Payment Plan. That will be a valid comparison.

I sell my Talent to your Reason...

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#1550

August 7 2013, 05:20 PM

rushilarora

Veteran Member

Join Date: May 2011
Posts: 1412

#1550

Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

August 7 2013, 05:20 PM

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And any gut feel of Maintenance charge that IREO might levy on all its projects?

[QUOTE=sh-saxena;936208]Oh ok, my mistake to misunderstand. 
But unfortunately economies of scale dont work in Gurgaon due to builders greed e.g. the maintenance of Park Place (around 1500 apartments) is charged higher than Icon with (380 apartments) by DLF.[/QUOTE]"
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Whats the maintenance charge of Park Place...

And any gut feel of Maintenance charge that IREO might levy on all its projects?

Originally posted by sh-saxena View Post

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Tags: Ireo Ireo The Corridors Sector 67

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