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Spire Orion at South Spire World, Sector 68, Gurgaon

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Spire Orion at South Spire World, Sector 68, Gurgaon

Last updated: 3 days ago
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  • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

    Hi Amit, please also tell me how much payment has been paid to builder?

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    • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

      30% in all the cases.

      I have a 1811 sq ft bought at 2650. I have paid around 13 lakh something so far..

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      • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

        I also looked at this project in dec 2009as initial offering. The price at that time was 2300 psqft. Now we can expect some real good returns in the new future because the construction has started.

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        • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

          Brokers were accepting cheques at that time just like they are doing for 3 c now..

          No Cheques were debited at before April.

          I bought in May 2010 at 2650....Many bought in April at 2400/2500

          The project is bang on Sohna road with commercial on both sides. Projects in sector 70 A are being launched at 5450 and sector 67 a at 6000+. It may not be an to comparison but still 3150-3200 is an extremely attractive price.

          Spire has been doing well in commercial projects.. Spire Edge in Manesar and Spire Tec in Greater Noida re doing well.

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          • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

            Guyss....this should be 4000+ in 3-6 months time subject to consturction going full stream

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            • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

              Can't predict a price of 4000,but definitely as the construction has started, the will start moving up.

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              • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

                Originally posted by Susheel100
                I am keen on buying, let me know final offer and PM me, also all details. Larger units are at 2900.
                Hi
                Greetings

                I am hopeful, it will be a good buy at the current price.. I doubt if anything is available, PAN GURGAON at the prevailing prices, with the current status of spire ie
                1] Zonal/Map Approval
                2] Floor plan/elevation approval approvals
                3] Environmental Clearance Approval,
                4] Agreement having been executed
                5] Commencement of Construction etc

                Given the status of approvals, bank loan also will not be a problem i think.
                Spire again is a $1bn FDI investment in India.
                Due to past performance, the asset is still a speculative class but is suitably reflected in its price. (Akkad Bakad Formula) In my POV, It no longer is a "Distressed Asset"

                Hopefully, if the management does'nt screw up seriously majorly and tries to catch up on lost time, this project MAY be a multi-bagger given multiple triggers in the waiting...

                For those who view safety I presume this project has minimal downside at current offerings. Personal spot location check and offers in vicinity would be a good thing before deciding.

                Cheers
                Last edited by BlessU; January 22 2012, 12:27 AM.

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                • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

                  Construction Updates

                  Excavation in full swing as seen by attached photographs. Expect next demand to be raised by April end as it seems foundation work will be complete by that time.
                  Attached Files

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                  • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

                    One can see spire boards at the back as well.

                    So no confusion with Spire Vs Era site

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                    • Re : Spire Orion at South Spire World, Sector 68, Gurgaon

                      Originally posted by amit001 View Post
                      One can see spire boards at the back as well.

                      So no confusion with Spire Vs Era site
                      Yes, there shouldn't be any confusion. Both sites are clearly demarcated .
                      I must laud Era for the pace with which it is developing its own project. Good thing is since Era is also working on this project, now one can really see slowly but surely bad days for this project are behind us.
                      Excavation work is nearly complete for Towers T1 to T5.

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