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The Corridors by IREO Developers in Sector 67A, Gurgaon

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The Corridors by IREO Developers in Sector 67A, Gurgaon

Last updated: January 12 2021
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  • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

    One Qs that comes to my mind is What will happen to the prices of proper GCX project like Pioneer Park or Emaar MGF even if they have no luxurious specs. All the specs like VRV,Modular kitchen, wardrobes can at best add Rs. 1000 per sft. Skyon at 10K and Pioneer Park at 8.5K and probably livable by March next - is it only cash flow driven market ???

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

      Originally posted by sanjayR View Post
      One Qs that comes to my mind is What will happen to the prices of proper GCX project like Pioneer Park or Emaar MGF even if they have no luxurious specs. All the specs like VRV,Modular kitchen, wardrobes can at best add Rs. 1000 per sft. Skyon at 10K and Pioneer Park at 8.5K and probably livable by March next - is it only cash flow driven market ???
      Content without context is meaningless.
      Context here is Ireo. (by here I mean the preceding discussion).
      Within the context, cash flow assumes significance...
      I sell my Talent to your Reason...

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

        When things stop making sense, its time to stop and recheck whether everythings right... If this project, launches at the said price with the said specifications... I for sure for will stay out of it, although, i have been waiting for this since almost two years..
        There may be a price rise initially due to the hype surrounding it.. but this wouldnt be price rise due to fundamentals... I have always said that I am in no doubt whatsoever that gurgaon property is in a bubble... but still, i keep investing coz I feel that the bubble is not going to burst anytime soon...So, point # 1 is that general RE fundamentals are, as it is, weak...

        On top of that, If I choose a project whose pricing fundamentals with respect to incomparable properties are weak, then I am using a cookery book titled " The recipe for Disaster" ...

        Having started this thread almost 2 years back, I have been waiting for it since a long time.. But I am most probably going to give it a miss if the present indications turn out to be true!!
        Last edited January 14 2013, 11:56 AM.
        sigpicWe are the ones who wanna choose..Always wanna play ..but we never wanna loose!!!

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

          Originally posted by St_Anger View Post
          When things stop making sense, its time to stop and recheck whether everythings right... If this project, launches at the said price with the said specifications... I for sure for will stay out of it, although, i have been waiting for this since almost two years..
          There may be a price rise initially due to the hype surrounding it.. but this wouldnt be price rise due to fundamentals... I have always said that I am in no doubt whatsoever that gurgaon property is in a bubble... but still, i keep investing coz I feel that the bubble is not going to burst anytime soon...So, point # 1 is that general RE fundamentals are, as it is, weak...

          On top of that, If I choose a project whose pricing fundamentals with respect to incomparable properties are weak, then I am using a cookery book titled " The recipe for Disaster" ...

          Having started this thread almost 2 years back, I have been waiting for it since a long time.. But I am most probably going to give it a miss if the present indications turn out to be true!!
          St Anger, Gurgaon RE growth story is not logical to say least, the recipe on the table may seem Junk to us but may seem delicious to many with voracious appetite, Appetite for risk.
          As per Ireo the project will be launched somewhere in february and the likely price now seemingly towards 9000 to 9200..

          And as per a big channel partner of ireo, the only distant possibility to land a unit is to forgo the commission so that they leapfrog you over other cheques in line..even this has no guarantee.

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

            If it is launched at 9000, I think the investors would be doomed big time. The broker is talking about getting a unit without commission, I am sure even with 5% broker discount, these brokers wont find many takers.

            Thats my POV, I would definitely stay away from this one.

            Thanks


            Originally posted by RHSingh View Post
            St Anger, Gurgaon RE growth story is not logical to say least, the recipe on the table may seem Junk to us but may seem delicious to many with voracious appetite, Appetite for risk.
            As per Ireo the project will be launched somewhere in february and the likely price now seemingly towards 9000 to 9200..

            And as per a big channel partner of ireo, the only distant possibility to land a unit is to forgo the commission so that they leapfrog you over other cheques in line..even this has no guarantee.

            Comment


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

              Originally posted by RHSingh View Post
              St Anger, Gurgaon RE growth story is not logical to say least, the recipe on the table may seem Junk to us but may seem delicious to many with voracious appetite, Appetite for risk.
              As per Ireo the project will be launched somewhere in february and the likely price now seemingly towards 9000 to 9200..

              And as per a big channel partner of ireo, the only distant possibility to land a unit is to forgo the commission so that they leapfrog you over other cheques in line..even this has no guarantee.

              I just expressed my opinion, Sir! There may be people who would want to buy this at such an inflated price.. All the best to them. I hope they earn good premium. I can find much better deals at such a price
              sigpicWe are the ones who wanna choose..Always wanna play ..but we never wanna loose!!!

              Comment


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

                i fail to understand that with every launch, the price keeps going up, irrespective of state of economy or politics. Every news article says that the property has come down by 10-15 % and the short term future - upto elections looks gloomy. Most people are of the opinion that it cannot give you bank interest over the next 12 months.. So much money would be diverted to elections. But still 9000. Location is almost 5 km from the GCx beginning or 4 Km from Pioneer crossing - still pioneer is available at 8500 and this newbie at 9000.

                Can someone knowledgable explain... How can Pioneer be cheaper than this new launch

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

                  Comparing with Pioneer is easier to explain (wrt say comparing with IVV). Pioneer was launched at 2800 (I think) so when you pay 8500, you still get specs worth 2800, also those specs are quite basic in todays world. And you need a high upfront amount including a huge premium probably in cash. Also Brand IREO has a higher rating than Brand Pioneer even if its just perceptions.
                  Pioneer location is the best today but 5-6 years down the line when the whole GCX is developed, 3-4 km here or there will not matter so much, a considerable amount of commercial/retail activity is expected in Sector 66/67 so that location is expected to be good too.
                  And like someone else commented here, new launches are always priced higher than existing as your outflows are much lower.
                  If comparing with say IVV, it becomes difficult to explain as IVV has better location, presumably better specs and the same brand.
                  Ofcourse prices are outrageous, but when there is a huge queue of investors lining up at IREO's door to buy out this new project the day it happens, then why would'nt IREO cash on it and raise the price ??

                  Originally posted by sanjayR View Post
                  i fail to understand that with every launch, the price keeps going up, irrespective of state of economy or politics. Every news article says that the property has come down by 10-15 % and the short term future - upto elections looks gloomy. Most people are of the opinion that it cannot give you bank interest over the next 12 months.. So much money would be diverted to elections. But still 9000. Location is almost 5 km from the GCx beginning or 4 Km from Pioneer crossing - still pioneer is available at 8500 and this newbie at 9000.

                  Can someone knowledgable explain... How can Pioneer be cheaper than this new launch

                  Comment


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

                    reading all comments by senior members.. all i can make of this project is that everyone that is lining up outside ireo are highly leveraged greedy investors!! and very few are having "strong hands" as they say..

                    again for long term and less leveraged individuals 8000 or 9000 dosent matter..bt for people looking to make a quick buck within a year or so..

                    this is risky.. ireo is also testing waters by 1st spreading a rumor of 8k thn after seeing the response changing it to 9k.. i wudnt be surprised if they launch at higher thn evn 9k.. though specs in this project are not going to be comparable to IVV SKYON GA.. as per ireos representative

                    happy investing

                    AR
                    Last edited December 31 2015, 11:35 AM. Reason: Text formatting.

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

                      Originally posted by arjunr View Post
                      reading all comments by senior members.. all i can make of this project is that everyone that is lining up outside ireo are highly leveraged greedy investors!! and very few are having "strong hands" as they say..
                      again for long term and less leveraged individuals 8000 or 9000 dosent matter..bt for people looking to make a quick buck within a year or so.. this is risky.. ireo is also testing waters by 1st spreading a rumour of 8k thn after seeing the response changing it to 9k.. i wudnt be surprised if they launch at higher thn evn 9k.. though specs in this project are not going to be comparable to IVV SKYON GA.. as per ireos representative

                      happy inveSting
                      AR
                      I like it...
                      Around year and half back, I was keenly looking at this project. It got shelved for whatever reasons and. Once in a while news will come that it is getting launched and every time 500 rs will go up.
                      I just fail to understand the mindset of the gullible and cash rich investor. What drives such craze...? company is saying nothing and rates are being speculated. To me this is creating some genuine hype, the kind we have seen earlier in some of the dway projects. It looks risky to me and shall never touch at such flimsy speculation.
                      "Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition."

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