Hi ,

M3M is slated to launch it's high end residential project in Sector 67 , Gurgaon by the name of MERINO around July 15,2011. ( Singapore Style Living ) as they have opted to position these apartments

Minimum Ticket Size : 1800 sq ft

Current Rate : 6750 / sq ft less inaugral discount of 650 for few
editions / limited period.

Effective Current Rate : 6100 / sq ft.

Location : Sector 67 , adjacent to Ireo Victory Valley and
between Landmark Commercial.

M3M has huge land bank in Sector 67.
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  • Profile of 3 key management team & founding partners of IREO

    Anurag Bhargava - Chairman
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    Mr. Bhargava was previously Head of Private Equity for MSD Capital, the private investment firm for Michael Dell, where he managed a successful portfolio of private equity investments. Mr. Bhargava is a co-founder of India Equity Partners and El Dorado Holdings, and also serves on the board of the State Bank of Mauritius.

    Mr. Bhargava completed the dual-degree Management and Technology Program at the University of Pennsylvania, where he received a B.A. from the Wharton School of Business and a B.S. from the Moore School of Engineering.

    Steven Wisch, 48, is a founder and Managing Partner of India Equity Partners (IEP), a long-term, growth-oriented Indian private equity fund. He is also a founder and Managing Director of Ireo,Mr. Wisch was a Partner and Managing Director at Goldman, Sachs & Co. where he worked for a total of 17 years in various areas, including corporate finance, mergers and acquistions, executive administration, equity capital markets (including five years running Asian Equity Capital Markets in Hong Kong) and investment management.


    Louis Klein - Founding Partner
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    Prior to Ireo, Mr. Klein was with Colony Capital, where his focus included investments in residential and commercial real estate projects, as well as gaming, agriculture and hospitality properties. Colony Capital has been among the largest acquirers and financiers of real estate and related assets globally since its inception in 1991.

    Prior to Colony Capital, Mr. Klein was with Secured Capital, a merchant banking and advisory firm focused on the real estate industry, where he was involved in whole mortgage loan portfolio trades, debt and equity placements, and principal investments in non-performing loan portfolios internationally.

    Mr. Klein is a graduate of the Wharton School of the University of Pennsylvania and a member of the Urban Land Institute

    Mr. Wisch served as the Chief Operating Officer of 9/11 United Services Group, a not-for-profit organization which coordinated the more than $3 billion that was raised by charities to assist the victims of the terrorists attacks on September 11, 2001. He serves on the boards of the U.S.-India Business Council, SEACOR Holdings, Inc. and Hudson’s Companies. Mr. Wisch is also a member of the Council on Foreign Relations.

    Mr. Wisch received an M.B.A. from Harvard Business School and an A.B. from Stanford University.

    Steven Wisch - Founding Partner
    - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
    Steven Wisch, 48, is a founder and Managing Partner of India Equity Partners (IEP), a long-term, growth-oriented Indian private equity fund. He is also a founder and Managing Director of Ireo, the first organized foreign fund involved in Indian real estate development focused on constructing a world-class portfolio of residential, commercial, retail and hospitality properties. These businesses manage over $2 billion dedicated entirely to India with eight offices and over 300 employees. Mr. Wisch was a Partner and Managing Director at Goldman, Sachs & Co. where he worked for a total of 17 years in various areas, including corporate finance, mergers and acquistions, executive administration, equity capital markets (including five years running Asian Equity Capital Markets in Hong Kong) and investment management.

    Mr. Wisch served as the Chief Operating Officer of 9/11 United Services Group, a not-for-profit organization which coordinated the more than $3 billion that was raised by charities to assist the victims of the terrorists attacks on September 11, 2001. He serves on the boards of the U.S.-India Business Council, SEACOR Holdings, Inc. and Hudson’s Companies. Mr. Wisch is also a member of the Council on Foreign Relations.

    Mr. Wisch received an M.B.A. from Harvard Business School and an A.B. from Stanford University.


    Steven Wisch - Founding Partner
    - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
    Steven Wisch, 48, is a founder and Managing Partner of India Equity Partners (IEP), a long-term, growth-oriented Indian private equity fund. He is also a founder and Managing Director of Ireo, the first organized foreign fund involved in Indian real estate development focused on constructing a world-class portfolio of residential, commercial, retail and hospitality properties. These businesses manage over $2 billion dedicated entirely to India with eight offices and over 300 employees. Mr. Wisch was a Partner and Managing Director at Goldman, Sachs & Co. where he worked for a total of 17 years in various areas, including corporate finance, mergers and acquistions, executive administration, equity capital markets (including five years running Asian Equity Capital Markets in Hong Kong) and investment management.

    Mr. Wisch served as the Chief Operating Officer of 9/11 United Services Group, a not-for-profit organization which coordinated the more than $3 billion that was raised by charities to assist the victims of the terrorists attacks on September 11, 2001. He serves on the boards of the U.S.-India Business Council, SEACOR Holdings, Inc. and Hudson’s Companies. Mr. Wisch is also a member of the Council on Foreign Relations.

    Mr. Wisch received an M.B.A. from Harvard Business School and an A.B. from Stanford University.
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  • Originally Posted by ISHANb
    amit ji sab developers ki kahani hoti hai ,
    There is a big group of people who say IREO mei pranab mukherjee ka and various netas ka black paisa hai jo mauritius se white hoke aa raha hai FDI ke form mei and when this gets busted IREO ko koi nahi bacha paega . It might also be very true as IREO which is predominantly only doing projects in india , why does it feel the need to have a head office at USA and Mauritius .We all know that what mauritius is famous for in india(money laundering)
    The ownership pattern of IREO also till date is not known .

    M3M ke baare mei bhi bahut kahaniya hongi aisi , but as far as i have heard there is no political backing as such . It is a cash rich , land rich co. , with the biggest of visions , and yes till the time they dont deliver anything , nothing can be said .


    I wish that both m3m and IREOs projects do well as they have chosen the same well known contractor whose credentials are beyong any doubt . It augurs well for GCx / SPR that some of the best Projects in gurgaon is in this part of gurgaon and can only nehance the premium of this area. It is not Ireo vs Tata primanti vs m3m , it is about world class projects in GCx road.
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  • Originally Posted by Bikumatre
    I wish that both m3m and IREOs projects do well as they have chosen the same well known contractor whose credentials are beyong any doubt . It augurs well for GCx / SPR that some of the best Projects in gurgaon is in this part of gurgaon and can only nehance the premium of this area. It is not Ireo vs Tata primanti vs m3m , it is about world class projects in GCx road.


    We all have our favourites, and would like that, it appreciates more and gives a better ROI. But lets hope that everyone does a good job and delivers world class project within respectable/reasonable timelines. I personally dont mind paying a premium price for a luxury offering as long as it is delivered as promised and on time. In the long run, its about improving the standard of living especially in posh areas(or rather soon to be posh areas :) ) atleast.
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  • Hmmm... So its a FDI funded and PE capitalised venture, with leaders purported from Wharton and Stanford at the helm of affairs. Proceeds will enrich 401k investors

    And dealing in cash for bookings... Ahem, ahem...
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  • Lo bhai!! In my good friend, Rushil arorajee's words.. ek aur agni pareeksha dedi M3M ne.. MERLIN gets awarded to L&T.. Good news indeed for all those invested in Golf Estate(Polo Suites& fairway are part of GEst) and Merlin.



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  • Got news from M3M Merlin office that merlin has not gone to L& T but instead planning for Shapoorji Pollonji
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  • Originally Posted by Vickys
    Got news from M3M Merlin office that merlin has not gone to L& T but instead planning for Shapoorji Pollonji


    Sir aaj ki newspaper mein advert to di hi hai unhone.. the one I pasted above.... Although, shapoorjee is as good as L&T par your news sounds surprising after the above advert!!!
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  • Originally Posted by St_Anger
    Sir aaj ki newspaper mein advert to di hi hai unhone.. the one I pasted above.... Although, shapoorjee is as good as L&T par your news sounds surprising after the above advert!!!


    Guys what is the current resale price for Merlin and Golf estate ?

    Cheers
    Anuj
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  • Originally Posted by anuj2703
    Guys what is the current resale price for Merlin and Golf estate ?

    Cheers
    Anuj


    anuj jee!! Golf estate is anywhere between 8200--8600. minimum size is 2800 sqft +

    Merlin till last month was available for 6100( zero premium) ..sizes staring from 1844 sq ft... but now i am getting calls from broker for 6400--6500. Havent tried selling so, not really sure whether these were concrete offers.

    Hope that helps!!!
    CommentQuote
  • Originally Posted by St_Anger
    anuj jee!! Golf estate is anywhere between 8200--8600. minimum size is 2800 sqft +

    Merlin till last month was available for 6100( zero premium) ..sizes staring from 1844 sq ft... but now i am getting calls from broker for 6400--6500. Havent tried selling so, not really sure whether these were concrete offers.

    Hope that helps!!!


    Anger ji,

    Thanks for prompt reply!

    how much payment has already gone to builder for merlin ?

    Cheers
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  • Originally Posted by anuj2703
    Anger ji,

    Thanks for prompt reply!

    how much payment has already gone to builder for merlin ?

    Cheers


    Anuj jee!!

    25% BSP is gone... 15% plus 10%!!
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  • Saw this ad in todays paper, and was pleasantly surprised. Was expecting it for quite some time now, finally M3M has managed to come out with advertisements and all.. L&T for all these projects also further shows that they have an amicable relationship with one another, which can only mean good news for its investors...
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  • M3m

    Hi Guys, I am new to IREF....could someone please advice how much payment has already gone for Golf Estate? Thanks
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  • Originally Posted by quixotic
    Saw this ad in todays paper, and was pleasantly surprised. Was expecting it for quite some time now, finally M3M has managed to come out with advertisements and all.. L&T for all these projects also further shows that they have an amicable relationship with one another, which can only mean good news for its investors...


    Quixoticjee!!!

    Sabse zyada good news to aapke liye hai.. u hold the "would be" baap of all projects launched on GCx till now :)
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  • Originally Posted by St_Anger
    Quixoticjee!!!

    Sabse zyada good news to aapke liye hai.. u hold the "would be" baap of all projects launched on GCx till now :)


    That is true, I had been waiting for their official advert announcing all this. But I believe it would soon be dethroned and the "would be baap" of all projects on GCx would in all likelihood be the one by Ireo which is also to include a proper golf course. :)
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