The Corridors by IREO Developers in Sector 67A, Gurgaon

#671

February 1 2013, 08:46 AM

rushilarora

Veteran Member

Join Date: May 2011
Posts: 1411

#671

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

February 1 2013, 08:46 AM

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  string(2636) "Like Ganges that flows from the Himalayas and brings the force of its water down in the plains, prices in gcx also flow from top to the bottom.

Let me explain.

For any price to hold its sanctity, strong buying has to be demonstrated at the current prices in the projects like Grand Arch, Raisina, Skyon, Presidia and Araya.... Secondly for any project in sectors 66,67 and 67a, to cross 10 k barrier, all the above mentioned projects should cross 13k barrier in resale. With a very high comp of cash required in resale and if still trading is happening at that level, then the price expected of of 67a would be justified.

So any body investing in 67a should look out for following triggers to plan his or her exit strategy. Also one needs to keep in mind inventory of 2k units in this project, so exiting in less then 18 months with decent profit will only remain a pipe dream.

For investors to get min 1k return in resale of 67a, following should happen before:-

1. GA resale at 13k plus
2. Raisina possession in of all the towers. And min 100 families will start living here.
3. IVV should cross 10k in resale

4.possession of uptown and resale at 9500 plus

5. New  launches on SPR  8k plus to put pressure backwards.

6. Market should absorb the impact of 1.5 L new homes getting delivered this year in NCR.

Most of these triggers will define the premium and ease and timely exit from this project. So it's not an investment for less than 2 years.

Only advantage I see in this project is the small ticket size which will keep the pressure of high cash flow at such high prices in check.

No one project in this world ticks all the boxes for every one. So every one willl have their own logic to book it or let it go.

At the end what matters is everyone's wish should come true. So cheers to the spirit of.....

To each it's own....

RA

[QUOTE=Cheeky AlAn;712945]Anger Bhai, RA,

Seek yours and some other senior's advise whether to invest in this project or not.  Looking at what has been written by some foreign Gurus of RE about GGN, the prices are looking up and would in every probability double from the present levels in next 5 years.  If they give little less than anticipitad or predicted returns,  do we not see a handsome ROI especially in rate of interest reducing regime.  My cheques are in place and have opted for 3BHK units, have though reduced number of units as compared to ones at 5500 level.  

Could someone also confirm what it means by increased commission since there are less buyers for this project-that is %agewise.

Sir I seek your serious advise and thanks in anticipation.

Cheers.

CA.[/QUOTE]"
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Like Ganges that flows from the Himalayas and brings the force of its water down in the plains, prices in gcx also flow from top to the bottom.

Let me explain.

For any price to hold its sanctity, strong buying has to be demonstrated at the current prices in the projects like Grand Arch, Raisina, Skyon, Presidia and Araya.... Secondly for any project in sectors 66,67 and 67a, to cross 10 k barrier, all the above mentioned projects should cross 13k barrier in resale. With a very high comp of cash required in resale and if still trading is happening at that level, then the price expected of of 67a would be justified.

So any body investing in 67a should look out for following triggers to plan his or her exit strategy. Also one needs to keep in mind inventory of 2k units in this project, so exiting in less then 18 months with decent profit will only remain a pipe dream.

For investors to get min 1k return in resale of 67a, following should happen before:-

1. GA resale at 13k plus
2. Raisina possession in of all the towers. And min 100 families will start living here.
3. IVV should cross 10k in resale

4.possession of uptown and resale at 9500 plus

5. New launches on SPR 8k plus to put pressure backwards.

6. Market should absorb the impact of 1.5 L new homes getting delivered this year in NCR.

Most of these triggers will define the premium and ease and timely exit from this project. So it's not an investment for less than 2 years.

Only advantage I see in this project is the small ticket size which will keep the pressure of high cash flow at such high prices in check.

No one project in this world ticks all the boxes for every one. So every one willl have their own logic to book it or let it go.

At the end what matters is everyone's wish should come true. So cheers to the spirit of.....

To each it's own....

RA

Originally posted by Cheeky AlAn View Post

Anger Bhai, RA,

Seek yours and some other senior's advise whether to invest in this project or not. Looking at what has been written by some foreign Gurus of RE about GGN, the prices are looking up and would in every probability double from the present levels in next 5 years. If they give little less than anticipitad or predicted returns, do we not see a handsome ROI especially in rate of interest reducing regime. My cheques are in place and have opted for 3BHK units, have though reduced number of units as compared to ones at 5500 level.

Could someone also confirm what it means by increased commission since there are less buyers for this project-that is %agewise.

Sir I seek your serious advise and thanks in anticipation.

Cheers.

CA.

Last edited February 1 2013, 08:51 AM.

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#672

February 1 2013, 09:43 AM

JaglanS

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Join Date: Jul 2011
Posts: 51

#672

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

February 1 2013, 09:43 AM

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Could you please share detail of your broker?

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#673

February 1 2013, 11:55 AM

Lazybell

Member

Join Date: Sep 2012
Posts: 361

#673

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

February 1 2013, 11:55 AM

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Only name and pan number to be given now. Cheque after confirmation. 


[QUOTE=manoj2066;712848]Hi Anger,

The project has been pre-launched. I know this broker really well and I wouldnt have trusted if some other broker had told me about it. This guy has a good hold in Ireo and since I bought Skyon from him, I trust whatever he says. 

Rather he hasnt committed whether I would be able to get a unit as I was a bit late in approaching him. He asked me to wait until he got a confirmation from the company. 

To be frank, I havent given him the cheuque as yet, but he has taken a copy of my PAN card and added my name to the list. He would be taking the cheque next week.

The project would be launched at 9800-10000

Thanks[/QUOTE]"
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This is the factual position.
Only name and pan number to be given now. Cheque after confirmation.

Originally posted by manoj2066 View Post

Hi Anger,

The project has been pre-launched. I know this broker really well and I wouldnt have trusted if some other broker had told me about it. This guy has a good hold in Ireo and since I bought Skyon from him, I trust whatever he says.

Rather he hasnt committed whether I would be able to get a unit as I was a bit late in approaching him. He asked me to wait until he got a confirmation from the company.

To be frank, I havent given him the cheuque as yet, but he has taken a copy of my PAN card and added my name to the list. He would be taking the cheque next week.

The project would be launched at 9800-10000

Thanks

I sell my Talent to your Reason...

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Comment
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0

Comment

#674

February 1 2013, 11:57 AM

Lazybell

Member

Join Date: Sep 2012
Posts: 361

#674

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

February 1 2013, 11:57 AM

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In a free market only the opinion backed by a cheque counts. Let's see the opinion of the market...

I sell my Talent to your Reason...

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#675

February 1 2013, 12:15 PM

deep345

Member

Join Date: Nov 2011
Posts: 73

#675

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

February 1 2013, 12:15 PM

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I knew this before.i am giving it a miss as.this shows the greed of builders."
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Originally posted by Sharad247 View Post

I spoke to some ppl working in Ireo ..license hasn't been received yet & therefore no official launch as yet and furthermore some kind hearted brokers thereafter informed me , this project is surrounded by a village or its approach road it seems , so if everyone is flipping this one short ..then who's buying ! I see a lame duck here

I knew this before.i am giving it a miss as.this shows the greed of builders.

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#676

February 1 2013, 06:27 PM

St_Anger

Veteran Member

Join Date: May 2011
Posts: 1593

#676

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

February 1 2013, 06:27 PM

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  string(2312) "[QUOTE=St_Anger;712883]I have been often accused by some very senior members ( senior by my "veteran" tag standards) of being an IREO broker... now, you say i have bad broker contact.. lol.. i dont know whom to trust about my own self :D :D :D
 
 
you havent given any cheque... you dont have a unit... you dont have a price.. and still you say you have bought this (in prelaunch).. lol.. Godbless the buying process..
 
Maybe you mistook my kind advice as a statement against your purchase.It wasnt meant to be. I am just saying that, by conventional logic, I do not understand buying something like this at this price. I, in the same breath, say that gurgaon RE doesnt normally follow conventional logic. Just that, [B]I dont see it as a "value" proposition as compared to some of the other projects on GCx and a value proposition is a value proposition irrespective of the time frame ( please do not confuse it with a money making opportunity)[/B] .
Hope that clears the air!! :)[/QUOTE]
 
[QUOTE=Cheeky AlAn;712945]Anger Bhai, RA,
 
Seek yours and some other senior's advise whether to invest in this project or not. Looking at what has been written by some foreign Gurus of RE about GGN, the prices are looking up and would in every probability double from the present levels in next 5 years. If they give little less than anticipitad or predicted returns, do we not see a handsome ROI especially in rate of interest reducing regime. My cheques are in place and have opted for 3BHK units, have though reduced number of units as compared to ones at 5500 level. 
 
Could someone also confirm what it means by increased commission since there are less buyers for this project-that is %agewise.
 
Sir I seek your serious advise and thanks in anticipation.
 
Cheers.
 
CA.[/QUOTE]
 
CAjee
 
My views are amply clear from the highlighted text. While I do not tell other people to buy or not buy this project, I am very clear that I am not buying into it.
 
I am not a satori/juaari... and I donot look at money making opportunities but at value buys. While it is debateable whether this a money making opportunity or not, it is amply clear that it is not a value buy. So i am giving it a miss.
If you are looking at some easy money and have good risk apetite, you may consider buying into it. 
 
hope that helps!!"
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Originally posted by St_Anger View Post

I have been often accused by some very senior members ( senior by my "veteran" tag standards) of being an IREO broker... now, you say i have bad broker contact.. lol.. i dont know whom to trust about my own self

you havent given any cheque... you dont have a unit... you dont have a price.. and still you say you have bought this (in prelaunch).. lol.. Godbless the buying process..

Maybe you mistook my kind advice as a statement against your purchase.It wasnt meant to be. I am just saying that, by conventional logic, I do not understand buying something like this at this price. I, in the same breath, say that gurgaon RE doesnt normally follow conventional logic. Just that, I dont see it as a "value" proposition as compared to some of the other projects on GCx and a value proposition is a value proposition irrespective of the time frame ( please do not confuse it with a money making opportunity) .
Hope that clears the air!!

Originally posted by Cheeky AlAn View Post

CAjee

My views are amply clear from the highlighted text. While I do not tell other people to buy or not buy this project, I am very clear that I am not buying into it.

I am not a satori/juaari... and I donot look at money making opportunities but at value buys. While it is debateable whether this a money making opportunity or not, it is amply clear that it is not a value buy. So i am giving it a miss.
If you are looking at some easy money and have good risk apetite, you may consider buying into it.

hope that helps!!

sigpicWe are the ones who wanna choose..Always wanna play ..but we never wanna loose!!!

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#677

February 1 2013, 07:35 PM

Cheeky AlAn

Member

Join Date: Jul 2012
Posts: 406

#677

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

February 1 2013, 07:35 PM

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My views are amply clear from the highlighted text. While I do not tell other people to buy or not buy this project, I am very clear that I am not buying into it.
 
I am not a satori/juaari... and I donot look at money making opportunities but at value buys. While it is debateable whether this a money making opportunity or not, it is amply clear that it is not a value buy. So i am giving it a miss.
If you are looking at some easy money and have good risk apetite, you may consider buying into it. 
 
hope that helps!![/QUOTE]

Thanks Anger Bhai!  I do have a great risk appetite, long term holding power and am not a saint to refuse quick money but my other bad habbit of value buying like yours does not allow me to think 100% positive about this project.  My reservations are holding me back and must do further homework on my return to Mother India in 2 weeks cos cheques are not getting encashed by then as has been confirmed by my broker.  Maybe by then Ireo has tested the waters and decide to offer some financial value to its loyal investors along with brand value being provied at present.

Cheers.

CA.    
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Originally posted by St_Anger View Post

Thanks Anger Bhai! I do have a great risk appetite, long term holding power and am not a saint to refuse quick money but my other bad habbit of value buying like yours does not allow me to think 100% positive about this project. My reservations are holding me back and must do further homework on my return to Mother India in 2 weeks cos cheques are not getting encashed by then as has been confirmed by my broker. Maybe by then Ireo has tested the waters and decide to offer some financial value to its loyal investors along with brand value being provied at present.

Cheers.

CA.

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#678

February 1 2013, 07:52 PM

St_Anger

Veteran Member

Join Date: May 2011
Posts: 1593

#678

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

February 1 2013, 07:52 PM

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Cheers.
 
CA. 
:confused:[/QUOTE]
 
Good thought!!!
 
Keep sharing the results of your fact finding exercises and homework. Shayad hamein bhi ismien value dikh jaaye :) :)"
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Originally posted by Cheeky AlAn View Post

Good thought!!!

Keep sharing the results of your fact finding exercises and homework. Shayad hamein bhi ismien value dikh jaaye

sigpicWe are the ones who wanna choose..Always wanna play ..but we never wanna loose!!!

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#679

February 1 2013, 10:38 PM

kinjalchato

Veteran Member

Join Date: Sep 2012
Posts: 5423

#679

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

February 1 2013, 10:38 PM

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apne crediblity or brand ka satyanash kar rahe hai , with the way 67a is being marketed or lack of it thereof. sure shot bypass.

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#680

February 1 2013, 10:44 PM

aquatic

Member

Join Date: Jul 2012
Posts: 412

#680

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

February 1 2013, 10:44 PM

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Hey i just got a email for some Inaugural discount from All check deals that they can get me unit in Ireo 67A for BSP 6250 ...........is it a shitty marketing technique of brokers or what going on ?????

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Tags: Ireo Ireo The Corridors Sector 67

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