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Sky Court, DLF, Sec 86, Gurgaon

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Sky Court, DLF, Sec 86, Gurgaon

Last updated: October 11 2019
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  • Re : Sky Court, DLF, Sec 86, Gurgaon

    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 View Post
    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

    Comment


    • Re : Sky Court, DLF, Sec 86, Gurgaon

      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 View Post
      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?

      Comment


      • Re : Sky Court, DLF, Sec 86, Gurgaon

        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 View Post
        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

        Comment


        • Re : Sky Court, DLF, Sec 86, Gurgaon

          Originally posted by samanu1986 View Post
          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

          Comment


          • Re : Sky Court, DLF, Sec 86, Gurgaon

            Originally posted by samanu1986 View Post
            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?

            Comment


            • Re : Sky Court, DLF, Sec 86, Gurgaon

              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?
              Last edited April 30 2013, 11:39 PM.

              Comment


              • Re : Sky Court, DLF, Sec 86, Gurgaon

                Originally posted by abc111 View Post
                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

                in any project, if you want to exit in 1year... you will feel stuck,,, RE is not the game of punters,

                palm garden.. was not gave any return in its 1st year,,

                M3m woodshire is giving only 200/[ after 1 year,,

                godrej summit booked at 5300../ you can get it at 5300-5500,,

                now a days.. you can make money in RE only in 3+ year holding period,,

                Comment


                • Re : Sky Court, DLF, Sec 86, Gurgaon

                  Originally posted by rahul40 View Post
                  in any project, if you want to exit in 1year... you will feel stuck,,, RE is not the game of punters,

                  palm garden.. was not gave any return in its 1st year,,

                  M3m woodshire is giving only 200/[ after 1 year,,

                  godrej summit booked at 5300../ you can get it at 5300-5500,,

                  now a days.. you can make money in RE only in 3+ year holding period,,
                  If the rates are not going to increase;
                  Isn't it better to build the corpus of down payment and buy after 3 years when a lot of RTM inventory would be in the market and execution risk would be minimized.

                  Comment


                  • Re : Sky Court, DLF, Sec 86, Gurgaon

                    Originally posted by abc111 View Post
                    If the rates are not going to increase;
                    Isn't it better to build the corpus of down payment and buy after 3 years when a lot of RTM inventory would be in the market and execution risk would be minimized.
                    when i telling you, that only 3+ year will make you profit.. then how can ou expect that rate wont increase and you will opt to buy at completion, i think you are thinking that ppl are fool waiting for 5 years,,

                    one of my uncle booked Unitech fresco in nirvana country , sec 50 ggn.. in Nov 2005 at total cost of 48lac( 1629sqft) 3bhk,,

                    and paid all money in 2008...

                    now he gets possession letter with 5( Rs 5/ per sqft per month for 5y) lac delay penalty from unitech
                    the current mkt rate for his unit is 1.55cr to 1.60cr in T-10

                    Unitech is wrost is delivering... even then, ppl are making 3 times profit in 7 years, because of this poor... other wise it should be atleast 2cr



                    this is real meaning of RE

                    Comment


                    • Re : Sky Court, DLF, Sec 86, Gurgaon

                      The case is till in COMPAT and people reach to the conclusion early without knowing the details of the case.

                      The clauses in TATA are the one in DLF so that is what they are all same....

                      Originally posted by abc111 View Post
                      That is why DLF has got 600 crore penalty from CCI.

                      What are the abusive clauses in TATA Projects?

                      Comment

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