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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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  • vineetm
    started a topic Merlin by M3M Group in Sector 67, Gurgaon

    Merlin by M3M Group in Sector 67, Gurgaon

    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.
    Last edited September 27 2016, 03:36 PM.

  • rahk2012
    commented on 's reply
    Npsingh25 : true .. just wanted to know if you could tell what are the maintenance charges per sq feet including GST in merlin ..

  • ZorawarFromGurgaon
    commented on 's reply
    that's a huge worry for buyers and investors.

  • Npsingh25
    replied
    Notice.pdf

    Leave a comment:


  • Npsingh25
    replied
    Developers normally show rosy picture while selling their projects but while delivering them things turn out to be different.M3M Merlin is an example how Developers took allottees for a ride. People who invested their lifetime earnings for their dream house are now feeling cheated as there are many unfufilled commitments,various serious pending issues & concerns. Therefore those who are planning to buy flats in M3M should be careful and take into cinsideration problems faced by M3M Merlin residents,some of which are as under-
    1. The project has not yet been handed over to duely elected RWA and M3M is not facilitating conduct elections for formation of RWA. There is a sham RWA with members selected by M3M.
    2. Maitenance charges are very high, maitenance is not upto the mark and there is no accoutability of maintenance funds being collected. There is no clarity on IFMS funds as well. There is a feeling that these funds are being misappropriated as no details are being given or there is no audit report.
    3. Construction quality of the Merlin flats is very poor.
    4. Common facilities including Club has not yet been handed over to the soceity. No rules seem to have been followed in award of various contracts.Contract for maitenance of club etc. have been given to their own agencies/sister concerns.
    5. High EDC/IDC charged from residents and excess amount not being refunded.
    6. A new high rise tower is being constructed illegally,which was not there in initial plan. No approval and consent of residents seem to have been taken.That is why legal action is being taken by residents.
    7. An important issue of revenue road passing through the condo is still pending and not settled till date even after repeated assurances by M3M.
    8. There is no dedicated DHBVN electricity connection due to which there are frequent outages and erratic power supply. The rates charged for supply through DG set, which is very frequent, are abnormally high and no details of charges are given even after repeated requests.
    Redressal sought from concerned authorities normally take too long a time as they are overloaded with cases. Moreover, Developers use their clout and money power to supress things and try to delay process of getting justice.


    Leave a comment:


  • kashya8562
    replied
    BEWARE - IMPORTANT NOTICE : For all prospective investors who are considering Investment in Merlin ICON (tower 11), please beware that a PUBLIC NOTICE from NCDRC Court has appeared in TOI edition of 27th Jan 2021, regarding the complaint received against the M3M builder. If anyone invests in this tower, his money is surely going to get stuck indefinitely as its under LITIGATION in COURT. I am attaching the Paper Clip with notice for everyone's benefit.
    Please spread it so that as many people can benefit and save themselves from getting their investments and hard earned money stuck indefinitely !
    Attached Files
    Last edited January 27 2021, 12:13 PM.

    Leave a comment:


  • VaroonN
    replied
    That's true 7 years is not old but consider that you stay there for 5 years and then want to sell. It's gonna be a 12 year society. What kind of appreciation would you look on your investment. And if you have that much money right now. Will you look at a 12 year society to buy in?

    Leave a comment:


  • ZorawarFromGurgaon
    commented on 's reply
    7 year old is not counted that much old, it's considered as New, but yes your other reason is valid.

  • VaroonN
    replied
    Originally posted by kashya8562 View Post
    Hi Varoon, dont go ahead with the purchase in TOwer 11 (or M3M ICON at Merlin). The existing residents are fighting a legal case in NCDRC court and the tower is under litigation. The new tower dont have even RERA approval. Its a HIGH RISK investment and all your money could get stuck indefinitely !
    Thats absolutely true, Merlin Icon is a dead investment as when or if it gets delivered in 2024. Merlin will be a 7 year old society with run down amenities. Dropped this idea altogether.

    Leave a comment:


  • kashya8562
    replied
    Hi Varoon, dont go ahead with the purchase in TOwer 11 (or M3M ICON at Merlin). The existing residents are fighting a legal case in NCDRC court and the tower is under litigation. The new tower dont have even RERA approval. Its a HIGH RISK investment and all your money could get stuck indefinitely !

    Leave a comment:

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