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Plot for 1 Crore Gurgaon Investment Options

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Plot for 1 Crore Gurgaon Investment Options

Last updated: April 2 2013
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  • Plot for 1 Crore Gurgaon Investment Options

    Hello fellow members,

    I have been trying to find a plot in gurgaon for around 2 months now and failed to get one. I hope I am not trying for something impossible. Here are my requirements:

    1) Budget 1 cr. 60% self financed(60L) remaining bank loan(40L).
    2) All cheque payment or at most 10-12L cash (that too by converting my white into cash)
    3) Since I will be going for bank loan, Plot should loanable
    4) Looking for approx size 240 sq yd.
    5) It's my hard earned ,whole life saving ,so looking for safe investment and good return(Can not just risk it away)

    Thanks in advance....
  • #2

    #2

    Re : Plot for 1 Crore Gurgaon Investment Options

    your task is very difficult if not impossible....

    rate of 40,000/yard hardly there in ggn main... and then very few all white deals...

    your best bet look at vatika next/G99 plots.....


    Originally posted by PraveenP View Post
    Hello fellow members,

    I have been trying to find a plot in gurgaon for around 2 months now and failed to get one. I hope I am not trying for something impossible. Here are my requirements:

    1) Budget 1 cr. 60% self financed(60L) remaining bank loan(40L).
    2) All cheque payment or at most 10-12L cash (that too by converting my white into cash)
    3) Since I will be going for bank loan, Plot should loanable
    4) Looking for approx size 240 sq yd.
    5) It's my hard earned ,whole life saving ,so looking for safe investment and good return(Can not just risk it away)

    Thanks in advance....

    Comment

    • #3

      #3

      Re : Plot for 1 Crore Gurgaon Investment Options

      I would not advise Vatika plots because of delays in handling possession letters to even the original allottees of 2006. it's been more than 5 years and normally, you would get the plots possession handed over in a matter of 2-4 years time.

      You may look at G99, but there is a dependency of the Dwarka Expressway. And if you are going to use your life's savings, then you should definitely consider the fact that G99 is a high risk high reward project. In any case, you need to have a horizon of 4-5 years for G99.

      Comment

      • #4

        #4

        Re : Plot for 1 Crore Gurgaon Investment Options

        Sector 4,7,9 (basically the old Gurgaon sectors) are the ones with relatively less rate psyd.

        But if your preference is sectors live 45,46,46, then as AmitMM said, it is almost impossible to get a 240 syd plot in 1 crore, considering the fact that rates in these sectors are more that 62-65 k per sq yrd.

        Comment

        • #5

          #5

          Re : Plot for 1 Crore Gurgaon Investment Options

          G99 is your best bet. The NPR work is ongoing and QVC are 88% owned by ILFS' Real Estate Private Equity Fund. They will deliver in time given their credentials and parentage. And you should be able to do an all-white deal.

          Regards

          Originally posted by PraveenP View Post
          Hello fellow members,

          I have been trying to find a plot in gurgaon for around 2 months now and failed to get one. I hope I am not trying for something impossible. Here are my requirements:

          1) Budget 1 cr. 60% self financed(60L) remaining bank loan(40L).
          2) All cheque payment or at most 10-12L cash (that too by converting my white into cash)
          3) Since I will be going for bank loan, Plot should loanable
          4) Looking for approx size 240 sq yd.
          5) It's my hard earned ,whole life saving ,so looking for safe investment and good return(Can not just risk it away)

          Thanks in advance....

          Comment

          • #6

            #6

            Re : Plot for 1 Crore Gurgaon Investment Options

            Thanks everyone for reply.

            GenReal - Are G99 plots available in fresh booking? What is the price?

            youngturk - I can scale down to 160- 180 sq yds to buy in 45-47 sectors but the problem is lot of cash involvement in these deals. Do any one know of any person left in our country willing to pay capital gain tax ?

            rdhawan15 - My investment horizon is 3-6 years. Why do you think G99 is better than Vatika , apart from possession issues. I think Vatika right now has location advantage over G99.

            AmitMM
            As I told I can scale down plot size but can't arrange cash. Do you think I still have these 2 choices only?

            Comment

            • #7

              #7

              Re : Plot for 1 Crore Gurgaon Investment Options

              Originally posted by PraveenP View Post
              Thanks everyone for reply.

              GenReal - Are G99 plots available in fresh booking? What is the price?

              youngturk - I can scale down to 160- 180 sq yds to buy in 45-47 sectors but the problem is lot of cash involvement in these deals. Do any one know of any person left in our country willing to pay capital gain tax ?

              rdhawan15 - My investment horizon is 3-6 years. Why do you think G99 is better than Vatika , apart from possession issues. I think Vatika right now has location advantage over G99.

              AmitMM
              As I told I can scale down plot size but can't arrange cash. Do you think I still have these 2 choices only?
              You may want to look at sec 21, 22 & 23. The rate is around 45000 to 50000 per sq yard. They are the closest sectors to Delhi along with Palam Vihar, which may be a bit over budget.

              Also, these are better than sec 4,7 & 9, as most of the construction is new. The roads are not bad either. There rates in these sectors have been appreciating at a very good pace. In 3 -6 years you should make good profit.

              Comment

              • #8

                #8

                Re : Plot for 1 Crore Gurgaon Investment Options

                My reason for not supporting Vatika at this point of time is because of their poor delivery record across multiple locations and multiple projects. You can be wrong once, but if the group is habitual of making the same mistakes again and again then you need to be cautious.

                And this is the precise reason that I think G99 may make for a better investment over a period of 5 years. It's a give and take for you, and the location of G99 is definitely better than that of Vatika plots.

                Also, for the newer sectors with power-backup, Vatika came up with a price of 55,000 psy. To many, including me, that is an absurd price.

                But then, I may be actually wrong.

                Comment

                • #9

                  #9

                  Re : Plot for 1 Crore Gurgaon Investment Options

                  And yes, G99 plots are available in bigger sizes as of now. I know this because I was actively looking for it until sometime back and there were a few options made available by a few brokers. For obvious reasons, and the fact that I am not affiliated with these brokers, I would suggest you do a search and find them for your cause.

                  Comment

                  • #10

                    #10

                    Re : Plot for 1 Crore Gurgaon Investment Options

                    I find the Vatika plots better... atleast the sectors 82, 82A and 83.

                    They have a great location advantage.

                    In case that area does not grow to its full extent, it will be a good place to live with wider roads and proximity to DE, NH8, Manesar... and if it grows then might be the case it will not be good for living due to the public, traffic there but it will give multi-fold gains which can allow you to take plot anywhere in gurgaon.

                    No offence.... my POV

                    Comment

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