hi,
When we come to talk about investment in property, we mostly have 4 questions.
1. Type (Flat or Plot)
2. Location (connectivity/market/infrastructure)
3. Safety (Builder reliablity, un authorized kabza...)
4. Future Scope (Financially And Development).

Well, In this thread, I wants to concentrate on Plot options in gurgaon and its related data(location,safety and future scope).

I had a discussion with a random property dealer in Gurgaon this weakend and he provided me this price data.


Abhya Khand : @60k/sqyard.
Sector 93 @90K/sqyard.
sector 83,84 @55k/sqyard.
sector 103 @50K/sqyard.
sector 56 @75K/sqyard.
sector 25 @175K/sqyard.
sector 26 @125K/sqyard.
sector 27,28,43 @125K/sqyard.
sector 55,57 - shahank lok @80K/sqyard.
sector 61,58 @100K/sqyard.
sector 67 @70K/sqyard.
sector 22 @80K/sqyard.


Kindly provide your inputs about these sectors and its future scope.
Read more
Reply
51 Replies
Sort by :Filter by :
  • I am also looking for plots in this region.With these rates above can anyone get a safe and sound plot under 80l.plot size is not an issue here
    CommentQuote
  • Hi all,
    I am owning a property in haryana and now thinking of shifting it to NCR.
    Its worth 10 Cr.
    My guess is that we can gain 20% annual return from property(if invested properly).

    Can you please guide me what are the best options in NCR where i can gain max return.
    CommentQuote
  • Any suggestions Please ???

    Originally Posted by rohitsharma1
    Hi all,
    I am owning a property in haryana and now thinking of shifting it to NCR.
    Its worth 10 Cr.
    My guess is that we can gain 20% annual return from property(if invested properly).

    Can you please guide me what are the best options in NCR where i can gain max return.
    CommentQuote
  • Originally Posted by sourabhgoel
    hi,
    When we come to talk about investment in property, we mostly have 4 questions.
    1. Type (Flat or Plot)
    2. Location (connectivity/market/infrastructure)
    3. Safety (Builder reliablity, un authorized kabza...)
    4. Future Scope (Financially And Development).

    Well, In this thread, I wants to concentrate on Plot options in gurgaon and its related data(location,safety and future scope).

    I had a discussion with a random property dealer in Gurgaon this weakend and he provided me this price data.


    Abhya Khand : @60k/sqyard.
    Sector 93 @90K/sqyard.
    sector 83,84 @55k/sqyard.
    sector 103 @50K/sqyard.
    sector 56 @75K/sqyard.
    sector 25 @175K/sqyard.
    sector 26 @125K/sqyard.
    sector 27,28,43 @125K/sqyard.
    sector 55,57 - shahank lok @80K/sqyard.
    sector 61,58 @100K/sqyard.
    sector 67 @70K/sqyard.
    sector 22 @80K/sqyard.


    Kindly provide your inputs about these sectors and its future scope.


    You may also consider G99 ( sector 99) around 51 K
    CommentQuote
  • Originally Posted by Omsair
    You may also consider G99 ( sector 99) around 51 K


    Does G99 has smaller plots,since i cannot exceed my budget limit
    CommentQuote
  • Originally Posted by mukulverma
    I am also looking for plots in this region.With these rates above can anyone get a safe and sound plot under 80l.plot size is not an issue here


    Any suggestions anyone???
    CommentQuote
  • The minimum size in G99 is 258 sq. yds.... but they are mostly NPNL where in lots of black component involved..

    the receipt would be only for 15k psy...
    CommentQuote
  • This is my first post. So, any if I am making any stupid mistake, please forget and forgive.

    a) Suppose plot price is Rs 100000 psy.
    b) Converting to sq ft (1 sq yard = 9 sq ft), it implies Rs 11000 psf
    c) A plot size of x sq yard/ sq ft will imply a built up area of 65% or 0.65x sq yard/ sq ft
    d) If you can construct three floors, that will mean for each sq ft of land, you get 3 x 0.65 sq ft = 1.95 sq ft
    e) Assuming construction cost is Rs 1500 psf ( per built up sq ft), you will spend another 1500 x 1.95= Rs 2925 to build an imaginary three story house on 1 sq ft.
    f) So, your total cost for (plot + construction) per sq ft of plot = Rs 11000+Rs 2925 = Rs 13925.
    g) But you get 1.95 sq ft of built up area at that cost.
    h) when you sell that house, you will have to realize Rs 13925 / 1.95 = Rs 7141 psf (per built up sq ft) to break even.
    Now, Ireo plot is Rs 110K psy. So, you need Rs 7855 psf to break even. (=7141 x110/100)
    DLF sector 90 is Rs 45K psy. So, you need Rs 3250 psf to break even. (=7141x45/100)
    Ireo is now touching Rs 9000 psf. So, your implied premium, if you are buying land, is Rs (9000-7855)/7855 =15%.
    DLF (say, Regal Garden) is Rs 5000 psf. So, your implied premium, if you are buying land, is Rs (5000-3250)/3250 = 54%.
    From that point of view, DLF sec 90/91 looks more attractive.
    Does this reasoning make sense ?
    CommentQuote
  • Originally Posted by ari786
    This is my first post. So, any if I am making any stupid mistake, please forget and forgive.

    a) Suppose plot price is Rs 100000 psy.
    b) Converting to sq ft (1 sq yard = 9 sq ft), it implies Rs 11000 psf
    c) A plot size of x sq yard/ sq ft will imply a built up area of 65% or 0.65x sq yard/ sq ft
    d) If you can construct three floors, that will mean for each sq ft of land, you get 3 x 0.65 sq ft = 1.95 sq ft
    e) Assuming construction cost is Rs 1500 psf ( per built up sq ft), you will spend another 1500 x 1.95= Rs 2925 to build an imaginary three story house on 1 sq ft.
    f) So, your total cost for (plot + construction) per sq ft of plot = Rs 11000+Rs 2925 = Rs 13925.
    g) But you get 1.95 sq ft of built up area at that cost.
    h) when you sell that house, you will have to realize Rs 13925 / 1.95 = Rs 7141 psf (per built up sq ft) to break even.
    Now, Ireo plot is Rs 110K psy. So, you need Rs 7855 psf to break even. (=7141 x110/100)
    DLF sector 90 is Rs 45K psy. So, you need Rs 3250 psf to break even. (=7141x45/100)
    Ireo is now touching Rs 9000 psf. So, your implied premium, if you are buying land, is Rs (9000-7855)/7855 =15%.
    DLF (say, Regal Garden) is Rs 5000 psf. So, your implied premium, if you are buying land, is Rs (5000-3250)/3250 = 54%.
    From that point of view, DLF sec 90/91 looks more attractive.
    Does this reasoning make sense ?


    Very good and innovative approach - however the calculations are not correct for DLF part. Let me explain the same.

    a) DLF plot price is Rs 45000 psy.
    b) Converting to sq ft (1 sq yard = 9 sq ft), it implies Rs 5000 psf
    c) A plot size of x sq yard/ sq ft will imply a built up area of 65% or 0.65x sq yard/ sq ft
    d) If you can construct three floors, that will mean for each sq ft of land, you get 3 x 0.65 sq ft = 1.95 sq ft
    e) Assuming construction cost is Rs 1500 psf ( per built up sq ft), you will spend another 1500 x 1.95= Rs 2925 to build an imaginary three story house on 1 sq ft.
    f) So, your total cost for (plot + construction) per sq ft of plot = Rs 5000+Rs 2925 = Rs 7925.
    g) But you get 1.95 sq ft of built up area at that cost.
    h) when you sell that house, you will have to realize Rs 7925 / 1.95 = Rs 4064 psf (per built up sq ft) to break even.

    DLF (say, Regal Garden) is Rs 5000 psf. So, the implied premium, if you are buying land, is Rs (5000-4064)/4064 = 23%


    BTW resale price of DLF plots is 42-43K & that of Ireo Plot is 90K from what I know... that will change the calculations.
    CommentQuote
  • Some additions and updates:

    Originally Posted by sourabhgoel


    Abhya Khand : @60k/sqyard.
    Sector 93 @90K/sqyard.- where is this area?
    sector 83,84 @55k/sqyard.
    sector 103 @50K/sqyard.
    sector 56 @75K/sqyard.
    sector 25 @175K/sqyard.
    sector 26 @125K/sqyard.
    sector 27,28 @125K/sqyard.
    sector 43 90-100K/sqyard.
    sector 55,57 - shushant lok @80K/sqyard.
    sector 61,58 @100K/sqyard.
    sector 67 @60K/sqyard.
    sector 22 @80K/sqyard.
    sector 45,46,47 75K-80K/sqyard
    sector 51,52 65-70K/sqyard

    Vipulworld 70k/sqyard
    Rosewood 75k/sqyard
    South City-2 80k/sqyard
    Malibu Town 80K/sqyard

    Kindly provide your inputs about these sectors and its future scope.
    CommentQuote
  • Originally Posted by rajatk
    Very good and innovative approach - however the calculations are not correct for DLF part. Let me explain the same.

    a) DLF plot price is Rs 45000 psy.
    b) Converting to sq ft (1 sq yard = 9 sq ft), it implies Rs 5000 psf
    c) A plot size of x sq yard/ sq ft will imply a built up area of 65% or 0.65x sq yard/ sq ft
    d) If you can construct three floors, that will mean for each sq ft of land, you get 3 x 0.65 sq ft = 1.95 sq ft
    e) Assuming construction cost is Rs 1500 psf ( per built up sq ft), you will spend another 1500 x 1.95= Rs 2925 to build an imaginary three story house on 1 sq ft.
    f) So, your total cost for (plot + construction) per sq ft of plot = Rs 5000+Rs 2925 = Rs 7925.
    g) But you get 1.95 sq ft of built up area at that cost.
    h) when you sell that house, you will have to realize Rs 7925 / 1.95 = Rs 4064 psf (per built up sq ft) to break even.

    DLF (say, Regal Garden) is Rs 5000 psf. So, the implied premium, if you are buying land, is Rs (5000-4064)/4064 = 23%



    BTW resale price of DLF plots is 42-43K & that of Ireo Plot is 90K from what I know... that will change the calculations.


    Hey r the dlf plots available at 42-43k in original booking?
    CommentQuote
  • Originally Posted by krishna99
    Hey r the dlf plots available at 42-43k in original booking?

    Also do they have smaller plots like say 200 to 250 types?
    CommentQuote
  • Originally Posted by rajatk
    Some additions and updates:

    Price in Vatika sector is Rs 55000 for average locations. I just bought 2 300 sq yrd 84mt road facing plots @67500 in resale. I was going to close 63000 a month back but couldn't for some reason.Now Vatika just increased the price to 70000+PLC. When you try to close the deal, most of these sellers don't show up.

    I sold a 263.12 sq yrd HUDA plot in sector-43 for Rs 125,000/sq yrd last month. It was on 18mt road facing commercial.
    In sector-42,43,27,28 only bad location plots are selling for 90000-100000.
    All the ads on 99acres are for bad plots on the back of the sectors.
    No one usually sells good location plots. it is hard to find the next investment.

    So when someone quotes plot rates for a sector, always specify a range.
    CommentQuote
  • Also do not forget the concept of super area in case of flat and covered area in case of plots while making calculations. 0.65 covered area in plot case is 2 times of super area in flat
    CommentQuote
  • Originally Posted by rambo100

    I sold a 263.12 sq yrd HUDA plot in sector-43 for Rs 125,000/sq yrd last month. It was on 18mt road facing commercial.
    In sector-42,43,27,28 only bad location plots are selling for 90000-100000.
    All the ads on 99acres are for bad plots on the back of the sectors.
    No one usually sells good location plots. it is hard to find the next investment.

    So when someone quotes plot rates for a sector, always specify a range.


    Rambo Can you please specify that the price you got for you sec 43 plot includes the enhancement also? I mean you paid the enhancement to HUDA and then got this price?

    thanks
    CommentQuote