Announcement

Collapse
No announcement yet.

The Corridors by IREO Developers in Sector 67A, Gurgaon

Collapse
X
Collapse

The Corridors by IREO Developers in Sector 67A, Gurgaon

Last updated: January 12 2021
2195 | Posts
  • Time
  • Show
Clear All
new posts

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

    Last post on november 26th!!! Has this project gone into hibernation or what?? Anybody aware of the 3rd instalment? And what is the status of the project in terms of construction and resale.

    Comment


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

      have ireo delivered anything yet?? Grand arch was supposed to be delivered by dec!!!!!!
      any idea nxt payment?? This is proving to be a bad investment decision!! don't think any resale happening in this project...
      was going through this thread, some people were very bullish about this project or was it ireo marketing deptt !!!

      Comment


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

        Hi

        you dont seem to have been getting right inputs on Ireo Corridors, Some veteran members had clearly questioned the pricing (too high) and timing (stagnant market/not many takers) of this project , Ireo Brokers/Ireo marketing would definitely try to sell this like a hot- cake as its their job to sell even if someone's hard earned investment might go for a toss in the short/mid term...........if you have already invested, Good luck....

        Originally posted by courtier View Post
        have ireo delivered anything yet?? Grand arch was supposed to be delivered by dec!!!!!!
        any idea nxt payment?? This is proving to be a bad investment decision!! don't think any resale happening in this project...
        was going through this thread, some people were very bullish about this project or was it ireo marketing deptt !!!
        Last edited December 16 2013, 12:12 AM.

        Comment


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

          Originally posted by courtier View Post
          have ireo delivered anything yet?? Grand arch was supposed to be delivered by dec!!!!!!
          any idea nxt payment?? This is proving to be a bad investment decision!! don't think any resale happening in this project...
          was going through this thread, some people were very bullish about this project or was it ireo marketing deptt !!!
          My dear friend there must be only a very few who did not know the hidden Truth. Welcome to the real RE world.

          Cheers.

          CA.

          Comment


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

            EC for ireo corridors received

            with the receipt of Environmental clearance of ireo corridor , the real pain for the investors will start and the end users will rejoice.

            this proves all those who were claiming ireo has delayed the ec. I will not be surprised if they start work on the site soon enough.

            In the last few months they received ec for the following projects and they immediately strted construction :

            1. Ireo gwal pahadi
            2. Ireo Grand Hyatt.


            so very unlikely it will be delayed.
            -----------------------


            Item No. [11] Environmental Clearance for Setting up Group Housing (37.512 acres) at Sector-67 A, Village-Dhumaspur and Maidawas, District- Gurgaon, Haryana by M/s Precision Realtors Pvt. Ltd.


            The SEAC has recommended this project for Environmental Clearance subject to stipulation stated therein. The Project Proponent has proposed the construction of Group Housing project at Sector-67 A, Village-Dhumaspur and Maidawas, District-Gurgaon, Haryana on a plot area of 151804.3 sqmt (37.512 Acres). The total built up area shall be 812877.08 sqmt. The project shall have 35 Towers in which 4 Cluster (Cluster A- 10 Towers + GF-13 floors), (Cluster B- 8 Towers +GF + 13 floors), (Cluster C- 9 Towers +GF + 13 floors), (Cluster D- 8 Towers +GF + maximum 19 floors). The proposed Group Housing project shall have 1780 no. of DU, 315 EWS units, Club, Nursery School & Primary Schools. The maximum height of the building shall be 73 meters. The total water requirement shall be 2359 KLD. The fresh water requirement shall be 1105 KLD. The waste water generation shall be 1320 KLD, which will be treated in the STP of 2300 KLD (4X575 each) capacities. The total power requirement shall be 15174.72 KW which will be supplied by DHBVN. The Project Proponent has proposed to develop green belt on 45.02% of project area (21.88% tree plantation + 18.93% landscaping). The Project Proponent proposed to construct 20 rain water harvesting pits. The solid waste generation will be 4800 kg/day. The bio-degradable waste will be treated in the project area by adopting appropriate technology. The total parking spaces proposed are 3545 ECS.
            In the today’s meeting the recommendation of SEAC and the project details were taken up for consideration in the presence of representative of the project proponent and consultant. The recommendation of SEAC was examined on the basis of prevalent procedure as prescribed in the MoEF GoI amended notification dated 22-08-2013. Detailed discussions were held regarding existence of revenue rasta, HT line, water requirement, quality of water, green belt development plan, Ambient Air Quality, NOC of DC Gurgaon regarding non-applicability of Aravalli Notification, recycle and reuse of water etc. The representative of the project proponent submitted the NOC of DC Gurgaon regarding non-applicability of Aravalli Notification, assurance of HUDA for supply of water and copies of IDC/EDC paid to HUDA/DGTCP for the services for supply of water, sewerage connection and drainage system. It was noticed that the values of parameter PM2.5, PM10 are exceeding the prescribed limits. The representative of the project proponent was asked to submit plan for controlling PM2.5, PM10 levels and also directed to adopt water sprinkling system to suppress the dust generation. The representative of the project proponent was asked to revise the RWH calculation 45 m/hr and the same was submitted during the meeting. The representative of the project proponent clarified that the revenue rasta will not be encroached and submitted services line plan showing that the revenue rasta is not intercepted, however it was clarified that the Entry and Exit earmarked on the plan is through 24 meter wide road and revenue rasta is part of HUDA road. The representative of the project proponent submitted an undertaking with the declaration that the revised environmental clearance for area earmarked as future development in the layout plan shall be taken before any development is undertaken in the area.
            After detailed deliberations, the Authority decided to agree with the recommendations of SEAC to accord Environment Clearance to this project by imposing the following condition in addition to the usual conditions in practice.
            [1] The project proponent shall ensure that no construction activity is undertaken either on surface or below or above surface of revenue rasta passing through the project area.
            [2] The project proponent shall indicatethe width and length of revenue rasta passing through the project area on sign board and shall display the same at both the ends of revenue rasta stretch, for awareness of public. Sign board shall also display the message that this is public rasta/road and any citizen can use it. There shall not be any gate with or without guards on revenue rasta.
            [3]All system of water supply, sewerage system, STP etc. shall be provided based on revised requirement of @135lpcd. STP will not be below first basement.
            [4] The project proponent shall maintain the distance between STP and water supply line.
            [5] The project proponent shall not raise any construction activity in the ROW reserved/acquired for High Tension Wire passing through the project area and shall maintain horizontal and vertical ROW as required under Indian Electricity Rules, 1956/DHBVN latest instructions.
            [6] The project proponent shall seek the revised Environmental Clearance if any construction is taken up in the left over unplanned area of the project.
            [7] The project proponent shall ensure thatthe stack height is more than the highest tower.
            [8] The project proponent shall ensure proper Air Ventilation and light system in the basements area for comfortable living of human being and shall ensure that number of Air Changes per hour/(ACH) in basement never falls below 15.

            Comment


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

              Originally posted by kinjalchato View Post
              plot area of 151804.3 sqmt (37.512 Acres). The total built up area shall be 812877.08 sqmt.
              little confused on how built up area is four times the plot area?

              Comment


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

                what is this "revenue rasta" thing !! you cannot have gates on the revenue road and it is open for public ?? so this is a troublesome thing for the residents .. is it shown in the site plan of this project???
                Last edited December 19 2013, 03:37 PM.

                Comment


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

                  well can we expect any return or even an exit at par on this investment in near future?

                  Comment


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

                    Originally posted by courtier View Post
                    well can we expect any return or even an exit at par on this investment in near future?
                    Indeed, that is the million dollar question. Had a chat with a number of brokers day before yesterday and by judging their response, it seems people who had invested in this project thinking they'd be out of it by the third instalment time are in deep trouble now. None of the other ireo projects have performed this bad. But, since the market is also sluggish right now, it adds as a negating factor for this project. Meanwhile, keeping my fingers crossed.

                    I, myself had not planned to keep my unit for a long time. Unfortunately I am going to have to cut down on some of my expenses to make the ends meet for the coming instalments.

                    Comment


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

                      Originally posted by kaps2050 View Post
                      Hi

                      you dont seem to have been getting right inputs on Ireo Corridors, Some veteran members had clearly questioned the pricing (too high) and timing (stagnant market/not many takers) of this project , Ireo Brokers/Ireo marketing would definitely try to sell this like a hot- cake as its their job to sell even if someone's hard earned investment might go for a toss in the short/mid term...........if you have already invested, Good luck....
                      I agree a lot of well meaning people like cheekyalan, shsaxena , rushilji , stanger and few others had expressed deep concern on the high level of pricing , and the fact that ireo business model will force it to monetize its assets faster .

                      besidesthere were other issues like escalation clause as well .

                      while it may turn out well for end user , for investors it will be a very tough journey if they start construction .

                      Comment

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