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Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

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Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

Last updated: March 13 2012
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  • Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

    Dear Friends,

    I am looking for a safe investment in Gurgaon. I have shortlisted two options - Ireo Uptown because of the following reasons

    Ireo Uptown:

    * Good locations
    * Clean Builder
    * If the product turns out to be the way it has been envisaged. it shud see good appreciation

    Bestech Spa Next

    * Builder track record is very good
    * Structure almost complete - limited delivery risk
    * Should be ready in 2-2.5 years

    Negetives are as follows

    Ireo

    * No delivered projects, hence delivery risk

    Bestech

    * Village near the project

    __________________________________________________ ____________

    I request the fellow members to give their views and help me out in my decision.

    Best Regards
    Amit
  • #2

    #2

    Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

    amit if you could tell the payment outflow for both projects for specific sizes , then i think it would be more clearer !


    Originally posted by amit001 View Post
    Dear Friends,

    I am looking for a safe investment in Gurgaon. I have shortlisted two options - Ireo Uptown because of the following reasons

    Ireo Uptown:

    * Good locations
    * Clean Builder
    * If the product turns out to be the way it has been envisaged. it shud see good appreciation

    Bestech Spa Next

    * Builder track record is very good
    * Structure almost complete - limited delivery risk
    * Should be ready in 2-2.5 years

    Negetives are as follows

    Ireo

    * No delivered projects, hence delivery risk

    Bestech

    * Village near the project

    __________________________________________________ ____________

    I request the fellow members to give their views and help me out in my decision.

    Best Regards
    Amit

    Comment

    • #3

      #3

      Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

      Ishan Bhai have a look

      Originally posted by ISHANb View Post
      amit if you could tell the payment outflow for both projects for specific sizes , then i think it would be more clearer !
      Attached Files

      Comment

      • #4

        #4

        Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

        ishan bhai priority is safety of money,

        Comment

        • #5

          #5

          Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

          Originally posted by amit001 View Post
          Ishan Bhai have a look
          SIR YOUR CALCULATION IS WRONG

          If your area at UPTOWN is 1600 and rate is 5000

          Then flat cost will be 8000000 not 3744000

          Comment

          • #6

            #6

            Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

            Originally posted by amit001 View Post
            ishan bhai priority is safety of money,
            Sir safety according to me eyes closed PVSN !! Bestech is Bestech man . IREO is touted to be very good but nothing delivered as yet .
            also talks about sudhanshu mittal getting arrested or something are also doing rounds ....

            Comment

            • #7

              #7

              Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

              Bestech project looks to be the safe . The most visible issue being that of a big village in close vicinity .

              Ireo could be great, but the files on it's Mauritius connection r still not closed & if this issue balloons up, Ireo could be in a big mess .

              Please read IREF rules | FAQ's

              Comment

              • #8

                #8

                Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

                he is taking about the total upfront....i guess

                Originally posted by durb100us View Post
                SIR YOUR CALCULATION IS WRONG

                If your area at UPTOWN is 1600 and rate is 5000

                Then flat cost will be 8000000 not 3744000

                Comment

                • #9

                  #9

                  Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

                  Dear Amit,

                  At the moment if I just see the project purely on merits based on parameters like Facilities,Club features,other high and amenities,Location then Uptown looks like a no brainer.

                  Also the upfront payout in Uptown is much less and at the current rate of Interest its better to go for the project with less disbursement requirement in the short run.

                  Bad-Shahpur has off late acquired a bad reputation and its just next to where PSVN is. I dont think any govt will have enough courage to remove the entire village even though in master plan it should not exist.
                  Taking que from what happened in Bhatta Parsol etc, it for sure will have its woes going forward.

                  Uptown on the contrary has a better location and looks like a clean investment.

                  With respect to the the delivery of the project, Ireo hasn't delivered any in the past and that's the reason they have picked up the best builder for all their projects. Just go and check out the credentials of Pratibha construction that is building Uptown. Its a Class A contractor and has delivered hundreds of class projects across India in as many years...

                  So I am not that worried on the delivery schedule and quality.

                  Regarding Peace of Mind...Well even God's were to invest in Indian Real estate in current scenario, peace of mind would be the first and the last thing that they would loose.....Even knowing the future very well themselves.....

                  So don't worry, go ahead with the project that gives you the most comfort.


                  Originally posted by amit001 View Post
                  Ishan Bhai have a look

                  Comment

                  • #10

                    #10

                    Re : Uptown by IREO Vs Park View Spa Next by Bestech - Gurgaon

                    Dear Rushil - How far is the above said village from victory valley.

                    Kindly advice.

                    Also If I look at VV. What is the minimum size of 3 BHK and what will be the upfront payment required on day 0.

                    Thanks in advance for your help.

                    Comment

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