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Merlin by M3M Group in Sector 67, Gurgaon

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Merlin by M3M Group in Sector 67, Gurgaon

Last updated: 4 weeks ago
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  • Re : Merlin by M3M Group in Sector 67, Gurgaon

    The L&T signs look like they have been photoshopped for clarity !

    Originally posted by kinjalchato View Post


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    • Re : Merlin by M3M Group in Sector 67, Gurgaon

      I have a feeling that people are unnecessarily beating up and finding faults in M3M for no good reason.

      Some of them are Ireo investors which always compare Ireo with every other builders on earth just to give themselves good feeling about their own investments. No doubt Ireo is doing really well with the project and communication about it. But Merlin looks like of the best investment options provided one has medium term horizon (3-5 years).

      One can clearly see that M3M does not have best PR team and apart from publishing big ads. They haven’t done much on customer communication. This does affects customer sentiments and they need to catch up on that.

      But we need to look at few points I find worth mentioning :

      M3M picked golf course theme as its first project for development which is always difficult to develop due to large scale and complexity. Until people don't see greens and sand dunes it is difficult to believe how things will look come up. Prices of Jaypee in Noida rose only after it developed the golf course. Absence of any tangible signs is one of reason for distrust for M3M

      When Ireo hired L&T it was highly praised and was one of the USPs of the project. When M3M hired L&T we are suspecting that they might not pay to the vendor. Would you expect L&T to work without their due diligence?

      When there is delay in commencing construction of Merlin by a few months we suspect all sort of things, while Ireo Skyon delay of 2 years can be considered due to government apathy on approvals.

      Merlin resale oversupply is seen as something fishy and not as an opportunity. Every project passes through this kind of phase where initial investors who are primarily there for 300-500 initial gains look to exit as project progresses as they do not want to leverage. At this stage long term investors who are willing to finance entire cost of a unit get into the project.

      Similar thing happened with Godrej Frontier last year when after an year of holding people were willing to exit at 4000-4100 as Godrej was constructing very fast and was putting pressure on investor finances. Nothing was wrong with Godrej and we don't get anything below 5200.

      Location of Merlin is similar to Ireo victory valley and better than uptown. Specifications are high end if not luxury better than uptown which is at a 30% premium and inferior location. Ireo is certain one of the best but I see no reason why one should not invest in this project

      PS: I have no investments in either Ireo or M3M
      Last edited October 17 2012, 10:24 PM.

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      • Re : Merlin by M3M Group in Sector 67, Gurgaon

        Next payment?

        Can anyone tell me what percentage of payment is gone? And, when is the next payment demand expected to be raised?

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        • Re : Merlin by M3M Group in Sector 67, Gurgaon

          I visited the site yesterday to check the progress. There was a good progress on the site and multiple activities, including excavation for few towers, were happening. While I was not allowed to enter into construction area, I manage to meet few individuals within M3M site office. Per them construction has now taken speed and their USP was construction was undertaken by L&T, hence it would be good and timely. I was convinced by the progress and hope it turns to be a good project. Still it's earlier days !

          disclaimer- I hold a unit in this project.

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          • Re : Merlin by M3M Group in Sector 67, Gurgaon

            Originally posted by Sadishaun View Post
            I visited the site yesterday to check the progress. There was a good progress on the site and multiple activities, including excavation for few towers, were happening. While I was not allowed to enter into construction area, I manage to meet few individuals within M3M site office. Per them construction has now taken speed and their USP was construction was undertaken by L&T, hence it would be good and timely. I was convinced by the progress and hope it turns to be a good project. Still it's earlier days !

            disclaimer- I hold a unit in this project.
            Can you please tell me when the next payment is expected to be demanded? 35% payment is gone, right?

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            • Re : Merlin by M3M Group in Sector 67, Gurgaon

              one of the most undervalued projects in that area.....end users shld hv a 2nd look here...

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              • Re : Merlin by M3M Group in Sector 67, Gurgaon

                Originally posted by Avatar01 View Post
                Can you please tell me when the next payment is expected to be demanded? 35% payment is gone, right?
                I did check the timing of next instalment with M3M officials during my visit. Per them the next installment will be due in next Feb/ March on completion of basement. Yes 35% payment has been made.

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                • Re : Merlin by M3M Group in Sector 67, Gurgaon

                  Thanks

                  Originally posted by Sadishaun View Post
                  I did check the timing of next instalment with M3M officials during my visit. Per them the next installment will be due in next Feb/ March on completion of basement. Yes 35% payment has been made.
                  Thanks for the information..

                  A

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                  • Re : Merlin by M3M Group in Sector 67, Gurgaon

                    PLC seems to be on the higher side (Rs 475-675 psft) to me...

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                    • Re : Merlin by M3M Group in Sector 67, Gurgaon

                      Really

                      Originally posted by reHash View Post
                      PLC seems to be on the higher side (Rs 475-675 psft) to me...
                      Is 475 the lower end of PLC? That is pretty high...

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