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Spaze Arrow, Spaze Group, Sector 78, Gurgaon

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Spaze Arrow, Spaze Group, Sector 78, Gurgaon

Last updated: February 13 2016
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  • Spaze Arrow, Spaze Group, Sector 78, Gurgaon

    Please advise me on
    1. firstly the prospect of this venture.
    2. Suitability as an investment.
    3. if positive then how to ensure a decent deal.
    The info i have after interacting with two brokers who had advt in TOI today is
    1. Mix of commercial, office and service appts.
    2. Low maint open shops in ground floor 11130 sft and 1st floor 8640 sft
    3. Broker discount 5%.
    4. Surrounded by some gud residential projs which may come up for possession in 2 yrs.
    5. 100 m off NH 8 astride a 60m sec road.

    Regards to all.....
    Last edited January 2 2017, 12:56 PM.
  • #2

    #2

    Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

    It is good for end use or investment for more than 1 1/2 yr

    Real Estate - The Big Gain or the Big Drain

    Comment

    • #3

      #3

      Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

      Originally posted by mattknee View Post
      Please advise me on
      1. firstly the prospect of this venture.
      2. Suitability as an investment.
      3. if positive then how to ensure a decent deal.
      The info i have after interacting with two brokers who had advt in TOI today is
      1. Mix of commercial, office and service appts.
      2. Low maint open shops in ground floor 11130 sft and 1st floor 8640 sft
      3. Broker discount 5%.
      4. Surrounded by some gud residential projs which may come up for possession in 2 yrs.
      5. 100 m off NH 8 astride a 60m sec road.

      Regards to all.....

      What's the price like bro?

      Comment

      • #4

        #4

        Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

        Hi

        My point of view on the project:

        1. Spaze has done some good commercial projects on Sohna Road.
        2. Paymnet plan is decent.
        3. GF shops are double height. They are Non AC and will have less maintenance charges.
        4. Surrounded by Umang Winter Hills, Mapskpo MountVille and Supertech araville.
        5. Adjacent to wet and wild resort. Heard the same has been bought by DLF and are coming up with luxurious flats in the same vicnity.
        6. Just 400 metres away from highway.
        7. Karma Lake land and ITC golf courses in close vicnity.

        Net net looks to be a good property at around 10500/- for Ground floor shops.

        Comment

        • #5

          #5

          Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

          hello,

          what is the status and on going rate for this project?
          any appreciation so far, what is the payment gone to builder?

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          • #6

            #6

            Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

            There is only 5 lacs booking amount gone so far. Thay haven't yet sent the receipt and the allotmnet letter for the same. The current price should be around 11000/- with brokerage discount but in my view it will be difficult to get the premium locations.

            The other news is that DLF has purchased Wet and wild resort and will be launching luxury flats soon. So this could be a Galeria in the making if all goes as per plan.

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            • #7

              #7

              Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

              Agreed on some of the points raised by vgupta123....pricing is attractive and given that whole bet is about cheque only but i dint buy cuz of the following concerns :-

              - Commercial development generally follows residential and theres minimal activity around this area. I mean DLF is going to come here but will take long.
              - 30% payment will be done in near term only and there will be no/minimal development in next 12 months so scope of premium in short term is less
              - Commercial at GCX is available at sub 15-K levels and this ones at 11K so GCX seems much more promising so best to go for GCX

              Spaze has a decent name in commercial but it wont help unless it is backed by strong residential activity just around the site.

              Comment

              • #8

                #8

                Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

                I agree with roughrider, it will definitely take some time to develop. But all in all a gud project having a gud location having residential activity around. Supertech also has a residential project around it. Though i ve invested in this project for long term and also got the receipt.

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                • #9

                  #9

                  Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

                  Some other projects around it are : Umang, Raheja, Uppals

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                  • #10

                    #10

                    Re : Spaze Arrow, Spaze Group, Sector 78, Gurgaon

                    Hi

                    Please update me if you have recvieved the allotmnet letter and next demand for the shops on ground floor.

                    regards

                    Comment

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