hi,
recently came across raisina residency project from tata housing - on dlf golf road extension.....running at 7500/sqft.....any idea how is this ? Is it worth investing?

am not too sure about the builders of non-repute and dont want to risk putting in money for under-construction projects. any recommendations please?

thanks
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  • hi
    Well according to the latest update the price/sq ft was 5250 as the base price(not sure need to inquire if they have changed).
    Well TATA is entering for the first time with the Raheja developers and the location is Sec-59 Golf Course extension Road, which has been into lime light as well.
    TATA group as we have heard has the reputation of following ethical business practices but considering the huge debts on its various subsidies gives us a chance to think about it twice, as already many big developers have failed to meet the deadlines(would not like to disclose the possibilities of them delaying their projects)

    But the basic question is how much and for how much time can you wait, if you can wait for say more than what the developer has committed than probably its a good option.
    The lowest apartment would not be less than 15 million and I guess you will have many other options to invest that sum of money.


    Gaurav Sharma
    Century21
    CommentQuote
  • Tata Housing - As a builder

    I have booked an apartment with Tata Housing in Bangalore and I am happy with the builder.
    Paperwork is very clean. Everything they do is very clean and very ethical.
    Many people got burnt by various other builders in Bangalore except Tatas.
    Even though they have been having financial issues offlate, but they are not one of those who would make their customer pay the price for it.
    Building completion is on time. They make sure water is taken care of. Places like Bangalore thats a big issue and most builders dont care to provide even the basic necessities. Tatas takes care of the infrastructure and all the needs..

    Ask anyone in Bangalore how Tata Housing projects are..
    COst wise.. I am not sure how cheap or expensive it is in Raisina..


    Originally Posted by sharma1813
    hi
    Well according to the latest update the price/sq ft was 5250 as the base price(not sure need to inquire if they have changed).
    Well TATA is entering for the first time with the Raheja developers and the location is Sec-59 Golf Course extension Road, which has been into lime light as well.
    TATA group as we have heard has the reputation of following ethical business practices but considering the huge debts on its various subsidies gives us a chance to think about it twice, as already many big developers have failed to meet the deadlines(would not like to disclose the possibilities of them delaying their projects)

    But the basic question is how much and for how much time can you wait, if you can wait for say more than what the developer has committed than probably its a good option.
    The lowest apartment would not be less than 15 million and I guess you will have many other options to invest that sum of money.


    Gaurav Sharma
    Century21
    CommentQuote
  • i agree that Tatas have more or less maintained the schedule, which to say the least is a major plus compared to other builders.

    I have an apartment in Raisia Louvre and will be looking to sell it by year end. Will be great if one can have some idea of the price that i can quote. 99acres show a wide range Rs. 8500-10500. cheers Ramesh
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  • Originally Posted by Ramesh Singh
    i agree that Tatas have more or less maintained the schedule, which to say the least is a major plus compared to other builders.

    I have an apartment in Raisia Louvre and will be looking to sell it by year end. Will be great if one can have some idea of the price that i can quote. 99acres show a wide range Rs. 8500-10500. cheers Ramesh



    I think you can easily manage 9500-10000
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  • Tata Louvre

    dear shkhan
    many thanks for the info and guidance, this is quite helpful, will keep posted on the deal as it happens. It seems that once the approach is finalized, the prices could move up, best regards, ramesh
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