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Victory VG 48 in Sector 48, Gurgaon

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Victory VG 48 in Sector 48, Gurgaon

Last updated: April 5 2018
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  • Victory VG 48 in Sector 48, Gurgaon

    Hello,

    I am considering investing in one of the retail spaces in the VG48 project by Victory Group in Sector 48. Currently, the builder is asking for about 22000/sqft for retail space on 1st floor and about 26000/sqft for the ground floor. At the same time, the builder is also guaranteeing assured returns that is the builder will pay about 11% returns on the property till possession and after possession it will be 8.5%/year with an escalation of 15% in rent after every 3 years (for a total of 9 years).

    Based on this I have couple of questions:

    1. There is not a lot information about the victory group online and reviews on their work quality and if they fulfill their commitments. Can someone help us with understanding if they are considered a good brand in the NCR region.

    2. I am also not sure how the builder will bear the burden of paying the assured returns. Is that something that we should be careful about?

    3. Also, do you think the price is reasonable based on the current market trend?

    Thank you so much for taking the time to respond to my questions.
    Last edited April 6 2018, 07:53 AM.
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