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Unitech South City 2 Unitech Developers Sector 50 Gurgaon

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Unitech South City 2 Unitech Developers Sector 50 Gurgaon

Last updated: November 3 2019
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  • Unitech South City 2 Unitech Developers Sector 50 Gurgaon

    Hello,

    I'm new in here.

    Could someone please advice if its a good idea to purchase an independent floor in Unitech's South City 2 by Unitech Developers for end use?

    the time of delivery is 2-2.5 years which got me interested in the project in the first place ..

    But i checked out the location this morning and the surroundings are largely inhabited with ample markets, etc..

    What I am concerned about is the return on investment on this property 4-5 years down the line..

    Plus I'd also appreciate if people in here could give some details regarding the finished quality of Unitech, and or other parameters I may be missing out on.

    Many thanks in advance.

    Cheers
    Last edited December 28 2016, 02:14 PM.
  • #2

    #2

    Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

    That's a lot of views and not one reply..

    Looking forward to your views.

    Comment

    • #3

      #3

      Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

      hi lacune,
      you must be talking about the I block floors on 360/500 Y plots.

      i think they are priced at 1 cr +. now south city 2 per se is a decent place to stay sharing facilities with nirvana. the only issue i see is that there are still floors available there in resale at 85-95 L on 300/370 plot size so not too sure about appreciation. but they are ok priced seeing the new launch rates lately.
      whats in favour is that its a developed place with ammenities around.

      unitech floor const is at best average..

      Originally posted by lacuna View Post
      Hello,

      I'm new in here.

      Could someone please advice if its a good idea to purchase an independent floor in Unitech's south city 2 for end use?

      the time of delivery is 2-2.5 years which got me interested in the project in the firts place.

      But i checked out the location this morning and the surroundings are largely inhabited with ample markets, etc..

      What I am concerned about is the return on investment on this property 4-5 years down the line..

      Plus I'd also appreciate if people in here could give some details regarding the finished quality of Unitech, and or other parameters I may be missing out on.

      Many thanks in advance.

      Cheers

      Comment

      • #4

        #4

        Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

        Thanks Amit,

        I have a couple of follow up questions if that's alright..

        1) I was also looking at Emaar-mgf's Palm gardens.. really liked their display aprtment. But i was of the opinion that appreciation would be better in low rise floors as compared to high rise apartments. Plus I'm not sure how long it could take them to deliver the project and for the nearby facilities to come around.

        2) Could you also suggest some other low floor options?

        Thanks a lot..

        Originally posted by AmitMM View Post
        hi lacune,
        you must be talking about the I block floors on 360/500 Y plots.

        i think they are priced at 1 cr +. now south city 2 per se is a decent place to stay sharing facilities with nirvana. the only issue i see is that there are still floors available there in resale at 85-95 L on 300/370 plot size so not too sure about appreciation. but they are ok priced seeing the new launch rates lately.
        whats in favour is that its a developed place with ammenities around.

        unitech floor const is at best average..

        Comment

        • #5

          #5

          Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

          the appreciation view between and high rise and floors is divided with each having its own position.

          the floor options which are currently be looked at are
          1. woodstock floors in nirvana country- various sizes - delivery 6-12 months
          2. orcid island- next to artemis hospital- again delivery 12 months
          3. emerald floorse.floor premier- 267/350 Y delivery 18-24 months
          4. anthea- delivery 36-42 months
          5. ansal essentia 24-30 months
          6.bptp astaire garden. god knows when

          for PG take 36-42 months for delivery. you should be able to use the gcx/sohna facilities as SPR would be ready and the distance would be 8 kms( roughly the distance between sec 56 and MG rd).

          Originally posted by lacuna View Post
          Thanks Amit,

          I have a couple of follow up questions if that's alright..

          1) I was also looking at Emaar-mgf's Palm gardens.. really liked their display aprtment. But i was of the opinion that appreciation would be better in low rise floors as compared to high rise apartments. Plus I'm not sure how long it could take them to deliver the project and for the nearby facilities to come around.

          2) Could you also suggest some other low floor options?

          Thanks a lot..

          Comment

          • #6

            #6

            Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

            at the risk of being classified as a bug

            Thank you Amit sir for providing with all the details.
            I have one (big) final favor to ask of you. That is, your expert advice on this dilemma i find myself in. Could you please suggest me the best possible project given my requirements:

            1) I require the house for end-use and hope to move in within 2-3 years. Thus, I hope to have a house I'd like to live in.. you know with good construction and finish quality, etc.
            2) I require a 3BHK appartment spread over 1800-2000 sqft.
            3) I would prefer a floor, but am okay with high rise apartments as well.
            4) I would also like a good return on my investment were I to sell it in 4-5 years time.
            5) I hope to have the basic amenities for my family around the place, namely a decent market, etc..
            6) A good builder that keeps most of the promises he makes.
            7) I have a budget of 1-1.5 cr.

            I know its a lot to ask :|, but as I have almost no knowledge of real estate in gurgaon, I hope to gain something from your advice.

            Many thanks in advance..

            Originally posted by AmitMM View Post
            the appreciation view between and high rise and floors is divided with each having its own position.

            the floor options which are currently be looked at are
            1. woodstock floors in nirvana country- various sizes - delivery 6-12 months
            2. orcid island- next to artemis hospital- again delivery 12 months
            3. emerald floorse.floor premier- 267/350 Y delivery 18-24 months
            4. anthea- delivery 36-42 months
            5. ansal essentia 24-30 months
            6.bptp astaire garden. god knows when

            for PG take 36-42 months for delivery. you should be able to use the gcx/sohna facilities as SPR would be ready and the distance would be 8 kms( roughly the distance between sec 56 and MG rd).
            Last edited September 9 2011, 03:27 PM.

            Comment

            • #7

              #7

              Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

              I would greatly appreciate replies from anyone in here, this being a big step and all.

              Thank you

              Comment

              • #8

                #8

                Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

                hi,
                a budget of 1.5 cr will cover most properties which can meet your criteria of end use/appreciation and ammenities.. look at

                a. Ready to move- parkview 1/vipul green- both will come at 1.35-1.45 for 2 bhk 1850 sq ft. good const well maintained.

                b. unitech prop- close/escape/wood stock floor- 2000 odd sq ft/500Y g-f floor-2400 q ft. some ready other 6-12 months delivery

                c. under const.-- palm drive 2150 sq ft- delivery 12-18 months. nice layout/good location

                d. UC- parkview spa next 1900 sq ft/ again bestech has good const. location a challenge. advantage at lower end of your budget.

                could also look at orchid island. good location but lack of club/green puts it lower on my list..


                Originally posted by lacuna View Post
                Thank you Amit sir for providing with all the details.
                I have one (big) final favor to ask of you. That is, your expert advice on this dilemma i find myself in. Could you please suggest me the best possible project given my requirements:

                1) I require the house for end-use and hope to move in within 2-3 years. Thus, I hope to have a house I'd like to live in.. you know with good construction and finish quality, etc.
                2) I require a 3BHK appartment spread over 1800-2000 sqft.
                3) I would prefer a floor, but am okay with high rise apartments as well.
                4) I would also like a good return on my investment were I to sell it in 4-5 years time.
                5) I hope to have the basic amenities for my family around the place, namely a decent market, etc..
                6) A good builder that keeps most of the promises he makes.
                7) I have a budget of 1-1.5 cr.

                I know its a lot to ask :|, but as I have almost no knowledge of real estate in gurgaon, I hope to gain something from your advice.

                Many thanks in advance..

                Comment

                • #9

                  #9

                  Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

                  South City II protests maintenance fee hike

                  GURGAON: Residents of South City II have been protesting for the last three days, demanding basic amenities in return for the high maintenance charges they pay to the builder.

                  On Saturday, they alleged that maintenance charges have been hiked in spite of poor sanitation, erratic water supply and absence of medical services in the township. Also the colony's community centre is being used for commercial purposes.

                  They alleged that they were forced to live in unacceptable conditions even though the developers regularly increased the maintenance charges over the years. "

                  The rates have been increased without prior consultation with residents and the RWA," said K K Singh, joint secretary of South City II RWA.

                  Some residents alleged that the developer recently withdrew a few security guards, cleaning staffers and horticulturists. "Security is a major concern in the colony now. The builder has withdrawn several security guards to cut costs. I have no option but to restrict my children from going out in the evening," said Namarta Singh, a resident.

                  Residents also expressed concern about commercial use of community centre and absence of a dispensary in the colony. "The developer sold off the community centre to some private company. Residents have to pay a heavy amount to the private firm to book the community centre.

                  Besides, the land allocated for a medical dispensary has been sold off to a private hospital, which is hardly of any use to the residents," said Shanta Ram, 50, who has been living in the colony for the last 10 years.

                  Meanwhile, a Unitech spokesperson said the residents owed the builder maintenance dues to the tune of Rs 3.5 crore. "The residents are yet to pay pending charges of over Rs 3.5 crore. Moreover, they are not paying the current maintenance fee either. It is becoming difficult to finance the services which are provided to them," the spokesperson said.

                  "We have increased the maintenance fee from Rs 2.50/sq yard to only Rs 3.50/sq yard in 11 years and that too because input and manpower costs have gone up substantially. The protest is all the more surprising as the new charge was fixed in consultation with the residents and the RWA and they have been provided with the cost break-up of the various charges," he said.









                  South City II protests maintenance fee hike - The Times of India
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                  • #10

                    #10

                    Re : Unitech South City 2 Unitech Developers Sector 50 Gurgaon

                    Hi,

                    How is south city 2 F block from end use perspective. I found it rather unoccupied. How is the security in this block.
                    Any inputs from your experience will be appreciated.

                    Comment

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