Dear members,

I want to know if anyone of you have some update on Spire South project if they have got the required licence and approval or not.

Also please advise if I should continue with this project or not.

Thanks

Millennium Spire Ltd presents its new residential project Spire South in Sector-68, Gurgaon. Presenting a unique and new concept in housing, Millennium Spire South offers apartments customized to your lifestyle and desires, means it is you decide everything about the interiors from the colour and type of the tile to the type of paint on wall and ceiling and the fixtures in the kitchen and bathrooms. Millennium Spire South offers 2 and 3 bedroom apartments with areas ranging from 900 Sq ft to 1500 Sq ft.
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  • Obvioulsy there are issues with Spire, that why a project is available at 3700 on Sohna road else it would have been 5000.

    But project specific issues with SS 68 have been more or less resolved - construction visible + all major banks funding it etc etc
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  • All HT is set to go underground in the coming years in the entire area . There r "n" number of articles on this . Check the web .


    ............& as amit said, the Projects has had numerous issues, some stand resolved & hopefully the left one's would have early resolution .

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  • There are projects in sec 7X which are near to HT wires and selling at 5500-7500 :)
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  • Manu - you are only partially correct for both the claims; what you are sharing are older pages for Spire Edge. The newer/latest pages have "good news" stories which the investors are rejoicing about.

    SS68, if you notice the picture the HT wire is going over the extreme boundary wall of south end of the site (near Tower1). And so there is no major impact on SS68 but there may be impact to Era Skyville on whose land it is going into. Although I dont know much about Era skyville site plan so cannot be sure of how significant is the impact.

    you have to be physically on the site to see this for real becaue I already have.
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  • Originally Posted by amit001
    There are projects in sec 7X which are near to HT wires and selling at 5500-7500 :)


    Every other project is near HT wires, see Vatika city, unitech residences ... Not saying its good but if the wire is crossing from one extreme end boundary wall then it has no significance.

    As i have said earlier if one wants to argue there is no end.
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  • Originally Posted by ggnboy
    Work is coming on nicely from when I last visited over a month back - the rains haven't affected the pace of construction much. I am pretty sure SS is going to cross 5500 by June 2013 to bring it in line with Sohna Rd / GCX rates. The escrow account is going to give even greater confidence to prospective investors, now that even PSUs are funding the project. .

    I haven't had a single PM - everyone here is holding on tight! He'll just have to go find some broker I guess...

    I haven't had a single PM - everyone here is holding on tight! He'll just have to go find some broker I guess...

    I haven't had a single PM - everyone here is holding on tight! He'll just have to go find some broker I guess...

    I haven't had a single PM - everyone here is holding on tight! He'll just have to go find some broker I guess...
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  • Wat is the current rate as brokers do not seem to be quoting above 3,400-3,500 for 1800 sq ft. Any update on the launch by Spire for remaining units as that will boost the prices.
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  • One broker is after me to sell 3600+ psf for 18XX
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  • Different rates for buyers and sellers. If you pose as buyer they will quote you 3700/3800

    If you want to sell they will start from 3500.

    I know about an actual transaction two months back fin T 6 at 3585. Now price must be higher
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  • impact of low cost housing project in sector 68 on other projects

    As per the Gurgaon Masterplan 2031 , Sector 68 , 50 hectare land has been reserved for affordable low cost housing in sector 68 of Gurgaon with population density of 1125 persons per hectare or 450 persons per acre.

    This has the potential of making sector 68 the low cost housing hub of Gurgaon , could someone throw light on the impact of this in sector 68 projects like spire/ Era etc.

    Haryana notifies Gurgaon-Manesar draft development plan for 2031AD - Times Of India
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  • Manoj: In my view, even low cost housing will become high cost housing!. EWS is one of the examples. They might want to roll-out Noida model where 2 BHK size was reduced to 750-800 sft but psf is still the same. My 2 cents here!
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  • Originally Posted by rvm123
    Manoj: In my view, even low cost housing will become high cost housing!. EWS is one of the examples. They might want to roll-out Noida model where 2 BHK size was reduced to 750-800 sft but psf is still the same. My 2 cents here!

    In my opinion area around sec 68 and SPR will see tremendous development in near future. Already couple of big commercial projects are coming on 68. DLF has substantial land banks in the area again for commercial development. This area will also see a huge cyber project coming up.
    All this combined with new roads and flyovers in the area portrays a positive picture.
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  • Some pics taken today around 3pm - little activity on the site, could be the effect of the water usage issue thats affecting most projects. I know work has stopped in certain parts of Vatika Next also. Anyone know when the next installment is going to be due? The small separate construction site is T8.
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  • Originally Posted by Bikumatre
    As per the Gurgaon Masterplan 2031 , Sector 68 , 50 hectare land has been reserved for affordable low cost housing in sector 68 of Gurgaon with population density of 1125 persons per hectare or 450 persons per acre.

    This has the potential of making sector 68 the low cost housing hub of Gurgaon , could someone throw light on the impact of this in sector 68 projects like spire/ Era etc.

    Haryana notifies Gurgaon-Manesar draft development plan for 2031AD - Times Of India


    Btw 450 persons per acre is fairly dense. But the densest parts of Hong Kong have 7700 persons per acre. Parts of Sec 68 will be closer to parts of Paris that have 404 persons per acre. :)

    Selected Current and Historic City Densities Compared to Sierra Club Classifications


    And 'low cost' housing in Gurgaon is roughly the same as 'low cost' airlines - i.e. there is no such thing. And like in Bombay the prices of the smaller tenements will rise with the bigger ones. Now with DLF pricing Pataudi Road at Rs 5250 (NTH) I think my retirement nest egg (SS-68) is secure.
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