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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: January 28 2021
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  • Re : Merlin by M3M Group in Sector 67, Gurgaon

    stanger ji is a valuable contributor to this forum and i look forward to hearing his views. I did not comment earlier as it was against iref rules.

    he is largely unbiased, as unbiased one can be and is very incisive in his analysis. He is one of the stalwarts of this forum, will be wonderfull to see his posts once again whenever the admins/ kderators decide so.

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

      Can some one give input...whats the ground realty on construction status for Merlin...

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

        Originally posted by kinjalchato View Post
        stanger ji is a valuable contributor to this forum and i look forward to hearing his views. I did not comment earlier as it was against iref rules.

        he is largely unbiased, as unbiased one can be and is very incisive in his analysis. He is one of the stalwarts of this forum, will be wonderfull to see his posts once again whenever the admins/ kderators decide so.
        KC,

        +1 on the thought , and I feel that you are also one of the guys of the same caliber..... Unbiased, precise, and sensible.

        waise IREF has so much intellectual capital that I won't be surprised if the IPC (intl prop consultants) running shops in India go through numerous threads of this website before preparing a report for their clients.

        Awaiting return of the Anger-y young man ...

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

          Originally posted by Harpreet1 View Post
          KC,

          +1 on the thought , and I feel that you are also one of the guys of the same caliber..... Unbiased, precise, and sensible.

          waise IREF has so much intellectual capital that I won't be surprised if the IPC (intl prop consultants) running shops in India go through numerous threads of this website before preparing a report for their clients.

          Awaiting return of the Anger-y young man ...
          thanks harpreet,

          the ip has been created by efforts of several several sterling contributors, too numerous to name. Hope it continues smoothly.

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

            Doston 3 din ka ban aur bhai ek din mein waapis!!!

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

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

              Originally posted by St_Anger View Post
              Doston 3 din ka ban aur bhai ek din mein waapis!!!

              Thank you admin !!!!

              Yes, it is quite possible, if the concerned Moderator/s recommends that .
              Please read IREF rules | FAQ's

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

                Originally posted by amit.bhalla View Post
                It came in Orig booking sometime in 07/11 only , and after roughly 9-10 months , You bought this unit ZERO PREMIUM , When Victory Valley resale jumped from 5800 to 6500 psf in the same time or even more .

                No it was probably more. I bought merlin roughly 10 months after i bought IVV at 5900.. Rest of the facts, as i remember them, appear to be true.

                Right Now we are not talking as to the growth after you bought it , We are talking about the builder and the project from the beginning....

                Point taken!! and Fair enough...

                10 months from the date of SALE there was zero Premium , Construction for the same started approx 15 months after the sale of the First UNIT

                Yes very true!!! Thats why when this project first launched I ignored it completely, but later on it became a value preposition. Myself and amit001 had a long argument over his unitech SP about a year or so back which he eventually sold.. But now, I am urging him and others to buy unitech SP coz it has become value preposition. So what you say is right that the project was a huge laggard when it was first launched but at one point in time, with zero premium it became a value buy,which I still think it is.

                Lets Take a Run of the mill project on SPR Say CHD or on NPR say Lumbini Terrace homes....

                If one had purchased a regular unit the time of purchasing the same unit in merlin pre launch.
                CHD RESALE in 07/11 - roughly 3600 psf (approx) today - 5000
                Lumbini Terrace homes 07/11 - 3500 psf (approx) today 5100
                M3M Merlin 07/11 - 6150 psf Today 7100 psf


                So a Run of the mill project from not so much hyped builders against the mighty M3M performed better????????? How did this happen.....???


                a very simple answer to this is that they started the construction at the right time...

                Sir, iska counter argumentative example IREO skyon hai... Much more delayed project than merlin. This also didnt have any premium for the first one year( or almost one year) that it was launched ( i am very very sure of this!!!) ...
                The construction wasnt started on time. It is a much older project than merlin.. It also comes from a developer which hasnt delivered even one project .. and from a developer of whom, i have been accused of being a broker of, by certain leading luminaries of IREF....Then why not similar comments for Skyon???? kyuki Its a royal sin to point a finger at IREO??
                And, everybody knows what the present prices ( and hype) of skyon is...


                Cant confirm ( or cant even deny) ur figures on Lumbini or CHD but in terms of location neither lumbini or CHD compare to that of merlin and this is what excites me. Fortunately, the world hasnt seen a downside since these projects were launched, kyuki had bad times come, the projects on DEW, especially, would have lost a lot of what they have gained. Also, I have never claimed to be "the warren buffet" of gurgaon. I think my being openly sharing of login prices and present prices have given you the impression that I am boasting.. but thats probably coz u havent, in all likelyhood, read the sad stories that I often share of where(and how) i went wrong.


                For example,

                http://www.indianrealestateforum.com/375770-post21.html

                Lets Look at M3M's performance till date on their existing projects...

                I am not a spokesperson for M3M and i am not here to defend the group, but to tell you that why do I think merlin was/is a value buy and if you remember correctly, our intial discussion was about how and why the progress in merlin is not satisfactory.

                GOLF ESTATE - A Super Lux 75 acre project boasting of a 9 hole reversible Golf course , How many towers would be there If you can gimme an idea ???

                Minimum 25 towers Atleast isnt it...

                They launched the project approx 2 years back and How many of them do you see above ground today ?????

                At the same given speed Do you think that they will be able to complete the entire project before 8-9 years (Possession).....

                Although I am not defending GEst, but yes, it is one of the most ambitious and huge projects in gurgaon and it would take long to complete. Also, after talking to you about lighting of projects I went to GCx in the night. Trust me Sir, GEst is the most well lit project in that stretch. Thats not a big achievment, as far as I am concerned but considering what you said, there must be something good happening there.



                MILANO - initiating the booking process and then due to lack of Sales , They simply scrapped the entire thing altogether.....WOW

                Speaks volumes about the company isnt it ??

                Depends sir, I see it as the glass half full than half empty. It was better for them to have scrapped this project.
                they could have done the following things as well

                1) Keep it selling and not construct it .. examples, Clarion legend, aaronville, mahendra meadows, today canary, ABW floors .. i can give you a hundred such examples...

                2) they could scrap the project at a much later stage.. as emaar did in sec 77.. or baani did... one more in sec 62 or sumwhere..

                They didnt stoop down to such low levels. They dont feel like angels as well but they arent as big villains as they are being potrayed to be...

                SUPER HYPED LAUNCH ON EWAY

                107 - Shit location , No approvals , Most NON transparent Pricing , Area increased after receiving the bookings , NO Complete APPROVALS TILL DATE , Almost ZERO Appreciation till date.....

                You can read my comments on 107 project I have told people from the start
                to avoid this project. But let me tell you one more thing which I said in the start. I am still telling people to avoid it, but one more spike in the market with little or not appreciation in this one ( if at all that happens) and this will become a value buy. If you see me saying that 6 months hence, dont call me hypocrite


                M3M till date hasnt delivered anything , Till the day he delivers something , He will be a Land Consolidator only....

                Sir deliver to na Ireo ne kiya hai.. na chintel ne.. na experion ne.. Lack of a reputation is much better than having a bad reputation.

                I rest my case

                Please let me know if any of my info provided above is not correct

                Well understod your case, Sir. This time it was followed by logic.. Isiliye I told you lets talk rationally. i am glad now we are. One more comment on a parting note, please give it due thought. I am not a spokesperson for either M3M, Ireo, or any other builder. If you feel that I say one project is good, I consider that particular developer as heaven's angel. Its not like that, sir. Its an imperfect world and we have to choose someone who one feels is better as compared to others. It doesnt mean that the one you choose is perfect. No one is and No one will be and I am certainly someone who speaks his mind is not at all partisan. I will defend where I feel there is a need to defend but once I defend an entity X on a project Y, it doesnt mean that I agree with

                1) Everything that X does on project Y
                2) Everything that X does on projects U,V,W
                3) How the contractor works on project Y
                4) How Project Y is from its dawn to dusk. I can offer limited perspective.

                I will always give you a fair opinion without a bias, even if I hold that project. View point and understanding may always differ little .. or a lot.

                hope that clarifies.

                I too, rest my case!!

                bhalla saab!!!

                Some of what you say is true but you were pretty strong in your critisism when we werent talking facts. Now, that we are talking facts, I see the scale of critisism has toned down a lot.

                please see my comments in blue.

                thx
                Last edited January 17 2013, 12:55 AM.
                sigpicWe are the ones who wanna choose..Always wanna play ..but we never wanna loose!!!

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

                  m3m merling construction has picked up reasonably well. this is still an optimally priced project in resale.


                  M3M Merlin

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

                    Like the premium specs of Merlin, other than Ireo I don't think any other project is providing specs like VRV -

                    1. Does it make sense to buy a unit here as an end user?
                    2. What kind of time horizon should I keep in mind?
                    3. What are the current re-sale rates at which deals are being done?
                    4. How much payment has gone?

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

                      Hi guys, want to invest in M3M Merlin in resale - Anyfeedback on M3M as a builder compared to Ireo and Bestech in that sector? Will appreciate any feedback

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