Heard DLF is coming up with another residential project in New Gurgaon to be priced at ~Rs5500psf.

Not sure whether it will be an extension of Regal towers or a completely new one...... Any clues?
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  • Anybody how is NTH 86 and what is current resale price going?
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  • Originally Posted by mgupta331
    Anybody how is NTH 86 and what is current resale price going?


    nth is a excelent property for investment as well as end use
    for price please ask in thread of dlf nth
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  • Plz explain why everyone is suggestin skycourt in liue of regalgarden n primus.
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  • DLF's new launch 'Sky Court, Sec 86

    Originally Posted by abhishekgk2
    Plz explain why everyone is suggestin skycourt in liue of regalgarden n primus.


    Regal Garden is surely underpriced with resale around 600-700 premium
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  • Originally Posted by abhishekgk2
    Plz explain why everyone is suggestin skycourt in liue of regalgarden n primus.


    Because someone is trying to rip people off. Sky Court is a complete rip-off; So is Primus or Regal Garden. All three of these projects have so many abusive clauses that it will be mind blowing for a person to complain against DLF in court.

    Just look at the poor DLF appartment owners in Gurgaon who have been fighting DLF since 1993. Can you believe that. A person who is 93 years old now has been fighting to get his flat from DLF that he bougth in 1990 and which was to be delivered to him in 1993 has still not gotten his flat. 25 others who filed a similar case against DLF have passed away. There are now only 2 living litigants against DLF.
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  • During the same period DLF build phase 1 to phase 5. People keep on criticizing it is their work..... And regarding the contractual obligations are there the same in every big project leaving the builders who will near complete the project on time ad sit on customer cash pile.....
    Meanwhile every builder in gurgaon follow the contract made by DLF.... Seems you are new to gurgaon market.....

    Kindly suggest the project which you would suggest and I would tell the rip off part of the same.... Critics keep on criticizing but the world keep on growin g......

    Originally Posted by rahul05
    Because someone is trying to rip people off. Sky Court is a complete rip-off; So is Primus or Regal Garden. All three of these projects have so many abusive clauses that it will be mind blowing for a person to complain against DLF in court.

    Just look at the poor DLF appartment owners in Gurgaon who have been fighting DLF since 1993. Can you believe that. A person who is 93 years old now has been fighting to get his flat from DLF that he bougth in 1990 and which was to be delivered to him in 1993 has still not gotten his flat. 25 others who filed a similar case against DLF have passed away. There are now only 2 living litigants against DLF.
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  • Gupta ji ,

    It is due the fact that skycourt is located in close proximity to the multi corridor towards manesar, also the clyover proposed also lands to its close proximity and is around 90% sold out as per the many reports by many brokerage firms .....

    As per the reports till now within DLF.... Skycourt would be the first one to complete the tag of sold out..... Besides being odds no massive advertisement
    as was in case of Ultima.... DLF skycourt received a overwhelming support.

    DLF ultima was surely a bet that DLF made a bit early and thus struggled to sell the same. Once the khekri dhaula would be removed surely resale price would be

    Primus > sycourt > regal garden

    Originally Posted by brijeshgupta
    Regal Garden is surely underpriced with resale around 600-700 premium
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  • Originally Posted by samanu1986
    During the same period DLF build phase 1 to phase 5. People keep on criticizing it is their work..... And regarding the contractual obligations are there the same in every big project leaving the builders who will near complete the project on time ad sit on customer cash pile.....
    Meanwhile every builder in gurgaon follow the contract made by DLF.... Seems you are new to gurgaon market.....

    Kindly suggest the project which you would suggest and I would tell the rip off part of the same.... Critics keep on criticizing but the world keep on growin g......


    Really. No big issue. You give 1.6 Cr to this developer. And whether you get the apartment or not is DLF's prerogative. What crap are you promoting?
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  • Fully agree, this seems to be getting completely sense less... Look at the assumptions

    1. We are talking about a property which, at the first place, is priced at 1.5x current price factoring in socioeconomic development yet to take place.
    2. You will have to pay 80% of the money in 2 years time while possession will be in 4 years assuming no delays. (so another ~20% assuming cost of debt of 10%)
    3. On possession, based on the inflation that the property has seen (generally property and WPI inflations will have directly proportionate movement), you will further have to pay 20-30% of the property cost as escalation charges.

    Net-Net, you are paying 150%+20%+20-30% = 190-200% of current value of property and still think there is money left on the table for an END USER/LONG TERM INVESTOR....

    Obviously, the above doesn't account for inherent risks in these kind of investments which includes
    a) lower than expected growth in the city and the macro economy - A BIG RISK given above expects growth of 10%+ in income levels
    b) Delay in setting up of socio-economic infrastructure - Again depends upon govt's will and developers' financial health
    c) Delay in execution - Financial health of developer, approvals, shortage of raw material (water/sand/labour)...
    d) Higher supply of completed properties in 5 years time vs actual demand to reside there (own or on rent) - We haven;t yet seen this kind of situation in any major city in India apart from some locations in Bangalore or partly in GNoida
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  • Arun, One correction...
    Promised delivery period as per BBA is 5 years.. so officially 5 years and you can add another 2-3 years above that.

    Originally Posted by arunaggarwal
    Fully agree, this seems to be getting completely sense less... Look at the assumptions

    1. We are talking about a property which, at the first place, is priced at 1.5x current price factoring in socioeconomic development yet to take place.
    2. You will have to pay 80% of the money in 2 years time while possession will be in 4 years assuming no delays. (so another ~20% assuming cost of debt of 10%)
    3. On possession, based on the inflation that the property has seen (generally property and WPI inflations will have directly proportionate movement), you will further have to pay 20-30% of the property cost as escalation charges.

    Net-Net, you are paying 150%+20%+20-30% = 190-200% of current value of property and still think there is money left on the table for an END USER/LONG TERM INVESTOR....

    Obviously, the above doesn't account for inherent risks in these kind of investments which includes
    a) lower than expected growth in the city and the macro economy - A BIG RISK given above expects growth of 10%+ in income levels
    b) Delay in setting up of socio-economic infrastructure - Again depends upon govt's will and developers' financial health
    c) Delay in execution - Financial health of developer, approvals, shortage of raw material (water/sand/labour)...
    d) Higher supply of completed properties in 5 years time vs actual demand to reside there (own or on rent) - We haven;t yet seen this kind of situation in any major city in India apart from some locations in Bangalore or partly in GNoida
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  • So thats why i asked you a simple question. Name one projet with any good builder that doesn't have these clauses....
    You wont have answers you only know how to criticize...

    Originally Posted by rahul05
    Really. No big issue. You give 1.6 Cr to this developer. And whether you get the apartment or not is DLF's prerogative. What crap are you promoting?
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  • Arun ji,

    Seems people is more captured by baba's giving gyan rather then real investment..... I learned from my expereince on IREF just listen to baba's for pros and cons but just dont follow them..... Else you will end up doing nothing and prices shooting from 3000 to 11000 now DEW......

    Such gyani people where there who quoted that DEW will not cross 4000 in next 2 years and see 1 year and the price is touching 11000.....


    Originally Posted by arunaggarwal
    Fully agree, this seems to be getting completely sense less... Look at the assumptions

    1. We are talking about a property which, at the first place, is priced at 1.5x current price factoring in socioeconomic development yet to take place.
    2. You will have to pay 80% of the money in 2 years time while possession will be in 4 years assuming no delays. (so another ~20% assuming cost of debt of 10%)
    3. On possession, based on the inflation that the property has seen (generally property and WPI inflations will have directly proportionate movement), you will further have to pay 20-30% of the property cost as escalation charges.

    Net-Net, you are paying 150%+20%+20-30% = 190-200% of current value of property and still think there is money left on the table for an END USER/LONG TERM INVESTOR....

    Obviously, the above doesn't account for inherent risks in these kind of investments which includes
    a) lower than expected growth in the city and the macro economy - A BIG RISK given above expects growth of 10%+ in income levels
    b) Delay in setting up of socio-economic infrastructure - Again depends upon govt's will and developers' financial health
    c) Delay in execution - Financial health of developer, approvals, shortage of raw material (water/sand/labour)...
    d) Higher supply of completed properties in 5 years time vs actual demand to reside there (own or on rent) - We haven;t yet seen this kind of situation in any major city in India apart from some locations in Bangalore or partly in GNoida
    CommentQuote
  • Originally Posted by samanu1986
    Arun ji,

    Seems people is more captured by baba's giving gyan rather then real investment..... I learned from my expereince on IREF just listen to baba's for pros and cons but just dont follow them..... Else you will end up doing nothing and prices shooting from 3000 to 11000 now DEW......

    Such gyani people where there who quoted that DEW will not cross 4000 in next 2 years and see 1 year and the price is touching 11000.....


    One of the members was ready to sell about to RTM Raheja for on Deway for 4.5K.

    Look at one of the sticky thread- A lot of deway projects come there as there are hardly any end users on that stretch.

    DLF RG investors are stuck.
    They are not even able to recover the Bank's interest.

    And then Ultima was a flop show.

    Pharaohs of DLF are facing quite a tough time in their own fiefdom.

    T
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  • Originally Posted by samanu1986
    During the same period DLF build phase 1 to phase 5. People keep on criticizing it is their work..... And regarding the contractual obligations are there the same in every big project leaving the builders who will near complete the project on time ad sit on customer cash pile.....
    Meanwhile every builder in gurgaon follow the contract made by DLF.... Seems you are new to gurgaon market.....

    Kindly suggest the project which you would suggest and I would tell the rip off part of the same.... Critics keep on criticizing but the world keep on growin g......


    That is why DLF has got 600 crore penalty from CCI.

    What are the abusive clauses in TATA Projects?
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  • Normally, if I found a treasure, I would hide it from the world.

    Here people do not want to share their treasure with you but are interested in sending you where they found that treasure.
    And they get hopping mad in case someone was not willing to go and get that treasure...

    Is it just me who finds this amusing or what?
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