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Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

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Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

Last updated: April 1 2014
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  • #31

    #31

    Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

    any idea what is the response to this retail by ireo ??? also comments regarding location , pricing , concept invited ?

    Also are benoy architects supposed to be a huge thing abroad for retail as told to me by someone ???

    Comment

    • #32

      #32

      Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

      Rs 500 premium is already there in few good location units. I think most of the released units have gone...

      But these days I dont even trust these "Bites" coming from IREO channel partner. Too many crooks spoil the brook. Earlier there were very few and of very good quality. Now there are many with deteriorating quality.
      I am sure truth is much different then what is portrayed for the outside world.

      Just call their sales office and check about the availability. You may get the correct picture from there.


      Originally posted by ISHANb View Post
      any idea what is the response to this retail by ireo ??? also comments regarding location , pricing , concept invited ?

      Also are benoy architects supposed to be a huge thing abroad for retail as told to me by someone ???

      Comment

      • #33

        #33

        Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

        Originally posted by rushilarora View Post
        Rs 500 premium is already there in few good location units. I think most of the released units have gone...

        But these days I dont even trust these "Bites" coming from IREO channel partner. Too many crooks spoil the brook. Earlier there were very few and of very good quality. Now there are many with deteriorating quality.
        I am sure truth is much different then what is portrayed for the outside world.

        Just call their sales office and check about the availability. You may get the correct picture from there.
        LOL , agreed . But i dont think anyone who ll invest 50 % of cost of the shop would be willing to sell it for just 500 bucks , as sq ft area is avg 500-900 sq ft . So why would anyone after investing 60-80 , exit on a 2-4 profit ???
        Sab hawa baazi hai .

        Was very very keen on this one , still love the layout though , but too much upfront required . Could have been my foray into IREO .

        But koi nahi 67 A abhi baaki hai , n if priced decently i think it would be one of the last chances for many to invest in ireo on gc ex .

        Comment

        • #34

          #34

          Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

          Insha Allah !!!

          Originally posted by ISHANb View Post
          LOL , agreed . But i dont think anyone who ll invest 50 % of cost of the shop would be willing to sell it for just 500 bucks , as sq ft area is avg 500-900 sq ft . So why would anyone after investing 60-80 , exit on a 2-4 profit ???
          Sab hawa baazi hai .

          Was very very keen on this one , still love the layout though , but too much upfront required . Could have been my foray into IREO .

          But koi nahi 67 A abhi baaki hai , n if priced decently i think it would be one of the last chances for many to invest in ireo on gc ex .

          Comment

          • #35

            #35

            Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

            Got this email from TrustBanq Realty.
            The email didnt mention any prices or specs.

            ----------------------------------------------------------------------------------------

            Ireo City Central - An Investor's Sweet Spot

            "Designed by internationally renowned 'Benoy Architects' of UK, Ireo City Central is strategically located at the intersection of two 60-sectors wide sector roads in Gurgaon.

            This high street retail complex is in the midst of an affluent catchement area, ensuring huge demand for retail and thus a consistent appreciation over the years.

            The design revolves around the Shoppers experience and this reflects in the seamless connectivity between the levels and well planned circulation that eliminates dead ends and facilitates shoppers to easily access all shops at each level."

            Features
            Located in Sector 59, in the heart of Ireo City - 750 acres integrated township
            Ample parking - 700 car parks in 4 levels of basements
            In proximity to the premium Grand Hyatt complex and Ireo City's central greens
            2 separate drop of points for vehicles
            High street retail spread over 5 acres of landscaped piazzas and greens
            Wet points in each outlet
            UG level raised by 2.5 mts from street level for enhanced brand visibility
            Provision for AC through copper piping
            Ceiling height of 5 mts (slab to slab) - 16.5' clear (floor to ceiling)
            Complete power back up for all units and common areas

            Comment

            • #36

              #36

              Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

              Did anyone buy in Ireo retail. I heard that prices for Ground floor shops have been increased by Rs. 3000.....

              Comment

              • #37

                #37

                Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

                I really appreciate the risk taking ability of some guys in GURGAON RE.

                Rushil's Post was the best.

                I agree with him, that we should invest the money in traveling around the WORLD, INSTEAD of believing this marketing pitch.... if you confront IREO people or broker, with any of the logic, their typical answers are:

                - This is OPEN to SELECT FEW.

                - Most Investors are NRIs

                - You to think "Different" to Invest in this kind of properties

                I mean, no one understands the logic of demand supply or the fact that even current Hotels are operating at sub 40% levels in terms of occupancy...

                And total BLOCKING OF FUNDs... as Rushil Said, these properties will have very little liquidity.

                EASY TO GET IN. ALMOST IMPOSSIBLE TO GET OUT.

                GRAND HYATT's Brand Name is being used only to shore up the premiums.

                Be REALISTIC.

                In GURGAON, a 5 STAR HOTEL ROOM is available for about 5-7K.

                And even the BEST SERVICED APARTMENTS, have occupancy of 50%-60%, provided the location is good.

                GCX will be ready for that kind of thing, may be in 10 years, assuming the METRO comes up and SPR is ready.

                Avoid. At all costs. You will be funding the BUILDER's FOREIGN TRIPS with your money.

                In 2-3, years, whenever there will be slow-down, buy in Bargain is a better strategy.

                Right now, go only for RTM UNITS in GURGAON and put them on RENT.

                Comment

                • #38

                  #38

                  Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

                  Any idea whats the going rate in Galleria per sq ft. Would help me take an informed decision.
                  If it was easy, everybody would be doing it.

                  Comment

                  • #39

                    #39

                    Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

                    Originally posted by zorin111 View Post
                    Any idea whats the going rate in Galleria per sq ft. Would help me take an informed decision.
                    Around 1-1.25 lac per sq ft plus with nil availability .

                    Comment

                    • #40

                      #40

                      Re : Ireo Serviced Apartments, IREO Group, Sector 59, Gurgaon

                      Originally posted by zorin111 View Post
                      Any idea whats the going rate in Galleria per sq ft. Would help me take an informed decision.
                      Zorin

                      Did you buy anything in Ireo City Central? What is the price? And which is a better option between first and ground floor in terms of price difference?

                      Comment

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