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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

    purrfect...

    would love to have a sun-downer with ajguptaji...

    It will certainly be a very lively evening...

    ps. more enjoyable than making money...

    Originally posted by ajgupta18 View Post
    my pov

    RE market in India is an un-regulated Free market free of subsidies. In a free market, price is at which transactions happen (read resale). Price is the purest form of information (it reflects market information, demand-supply, liquidity etc etc)

    2) Undervalued/Overvalued is a market participants perception based on his assessment of risk and returns potential. Each investor will have his / her own assesment and come to what they feel is the "fair" price at which the market should trade. If this fair price is lower than market they sell if its high they buy.

    3) In context of 2) complaining that "prices are insanely high" is fruitless. According to your assessment price is high, for someone else it might be the fair price. If enough participants feel market price is too high, then market will correct.

    4) Incentive: for investors and builders / contractors is to maximise return and minimize risk.

    Builder tries to pass on the risk of Inflation to Investor. So, investor need to take this additional risk in his assesment. He might conclude that even with this added risk a particular investment is "better" than one without it. So instead of complaining, add it to your risk assessment.

    Builder tried to increase return by launching at higher than market prices. An investor needs to asses how this affects his return potential and add it to his assessment. So no point complaining about it.

    5) Villain? : neither builder / investor is a villain for trying to maximise his return and reducing his risk. What makes people villains are unfair practices = late delivery, change in super area, shoddy construction, not delivering on promises etc and not paying on time for investors

    6) Regulation: Is required to stop unfair paractices, NOT to control price. Price controls can only be put by governments and for social reasons (protecting poor, increase developments etc)

    Complaining about high prices is similar to asking for subsidies. If prices is higher than your fair price assesment do not invest. Complain about mal-practices and unfair practices which distort markets.
    I sell my Talent to your Reason...

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

      I as an investor would not like to feel like I have stolen a loaf...

      I as a builder would not like to...

      both make money on free market; by voluntary choice to mutual benefit...

      I think ajguptaji has the concept internalised...

      ps. never do in life that that makes you feel small... no amount of money can compensate for that...

      pps. do that and only that that makes you feel like a man...

      ppps. 'you' here does not refer to MANOJaji, I have the highest regards for him...

      Originally posted by MANOJa View Post
      I have 2 things to say here -



      1 ) Yes, Investors r greedy, but the Builders r the much bigger devil here . By equating the greed of the Builders with that of the Investors, one cannot shift the blame or maybe, ask Investors to share the blame in equal proportion .

      2 ) Yes, Investors r part of this whole system & they help in feeding the growth of this evil, but as i said, u r looking to equate 2 different segments/ two different greed's / two different motives & objectives . It is like saying that a man who steals a loaf of bread to feed his family & the Person who hoards all the food in the world ( to later sell in the black market ) r thief's & both need to be hanged .



      No body is a saint here & whoever is looking to paint Investors /Builders as Saints is living in a fools paradise, but there is no point in equating them . Both of them thrive because of each other & because of the corrupt system .


      Last edited March 8 2013, 09:54 PM. Reason: name error
      I sell my Talent to your Reason...

      Comment


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

        My post was in reference to one of the posts of rushil . The discussions were tending on moral values & were comparing & equating the morals of an Investor with a Builder .


        My post was in reply to the said post .


        I hope, i have made my point clear . If not, do let me know .



        Originally posted by Lazybell View Post
        I as an investor would not like to feel like I have stolen a loaf...

        I as a builder would not like to...

        both make money on free market; by voluntary choice to mutual benefit...

        I think ajguptaji has the concept internalised...

        ps. never do in life that that makes you feel small... no amount of money can compensate for that...

        pps. do that and only that that makes you feel like a man...

        ppps. 'you' here does not refer to rushilaroraji, I have the highest regards for him...
        Please read IREF rules | FAQ's

        Comment


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

          While we argue over morals and greed here, at the same time few lesser mortals would have already gulped down the first lot of 67a and you may again hear the news "All sold out" tomorrow.... and hear the next crazy rate tomorrow...

          So lets rest this case here and wish all the best to the investors/end users for this project and I hope they get what they want out of this project.
          I feel those on the forum who write to share and learn, do take out pains to find time from their respective schedule. So respect every one's opinion.

          Whilst the idea is to debate and discuss but at the same time also take cognizance to the fact that there are many who may be contemplating investing in this project for their own reasons,should not get get dissuaded/persuaded for/against this project.

          Best of luck to every one. Enjoy the ride.Play safe.

          Finally everything about RE can be summed up in time and tested proverb

          "TO EACH ITS OWN"

          RA.

          Comment


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

            Originally posted by ajgupta18 View Post
            bhai mujhe pls de do tution...aapki definition se to world ki saari markets license raj pe chalti hain..

            and aapki definition se to builder / politicians cartel will never let prices fall..yet it happened in 2008-2009 (as you highlight yourself) ...can you shed more light on how this happened?
            If builders were allowed to go bankrupt; then it would have meant free market.

            Anyway its going out of context; so we can continue this on bubble burst thread if you wish so.

            Comment


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

              Ireo should have named this project as ' The Footpath' instead of' corrider'. Strong possibility whosoever books it might end up on a footpath in coming years!!
              Last edited March 8 2013, 09:30 PM.

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

                I hope the editing makes it fine...

                Originally posted by MANOJa View Post
                My post was in reference to one of the posts of rushil . The discussions were tending on moral values & were comparing & equating the morals of an Investor with a Builder .


                My post was in reply to the said post .


                I hope, i have made my point clear . If not, do let me know .
                I sell my Talent to your Reason...

                Comment


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

                  I have advised my clients otherwise...
                  And hope to add clients by continuing to advise otherwise...

                  Aristotle, the father of logic, taught me that present a case and be ready to provide answers to questions...
                  Ayn, Aristotle's only worthy heir, taught me never to indulge in and never to give in to 'Argument from Intimidation'...

                  Reputations in the market are built on actions, and the unavoidable consequences that actions always have...

                  ps. If it came down to walking on a road, roads inside Ireo projects might just be preferable...

                  Originally posted by golu11 View Post
                  Ireo should have named this project as ' The Footpath' instead of' corrider'. Strong possibility whosoever books it might end up on a footpath in coming years!!
                  I sell my Talent to your Reason...

                  Comment


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

                    Originally posted by golu11 View Post
                    Ireo should have named this project as ' The Footpath' instead of' corrider'. Strong possibility whosoever books it might end up on a footpath in coming years!!
                    Now that only time can tell if those invested endup sitting on the footpath or siting in the back seat of a E class Merc

                    Comment


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

                      Originally posted by Lazybell View Post
                      I have advised my clients otherwise...
                      And hope to add clients by continuing to advise otherwise...

                      Aristotle, the father of logic, taught me that present a case and be ready to provide answers to questions...
                      Ayn, Aristotle's only worthy heir, taught me never to indulge in and never to give in to 'Argument from Intimidation'...

                      Reputations in the market are built on actions, and the unavoidable consequences that actions always have...

                      ps. If it came down to walking on a road, roads inside Ireo projects might just be preferable...
                      sorry buddy, I don't understand poetry so couldn't understand your full para which seemed like a poem to me.

                      Regarding reputation build on action...father of marketing'Philip Kotler' once said that' Perception is reality and actual actions/products doesn't matter.

                      Ireo is a mere perception that it is luxury & best in class builder else it is just like any other ordinary builder in the market.

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