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M3M Latitude, M3M Group, Sector 65, Gurgaon

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M3M Latitude, M3M Group, Sector 65, Gurgaon

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  • M3M Latitude, M3M Group, Sector 65, Gurgaon

    I got the following message from a broker:

    "Live Life Kingsize with M3M's exclusive 160 apartments in "Latitude". 3 and 4 BHK Ultra Luxury Apartments with 30000 sq ft club for only 160 families. Pay only 30% in 6 months and balance on completion of structure and possession. Prime Location on Golf Course Extension Road and surrounded by high end Villa community."


    Called him and the rate is 9975++++:bab (59). He explained that its only 160 units in 1 tower and blah blah. But a 3 bedrooom costs 3 Cr.
    Only positive is the payment plan.

    Seniors please advise.
    Last edited July 11 2015, 12:21 PM. Reason: Text Formatting
  • #2

    #2

    Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

    Googled some more details.

    -----------------------------------------------------------------------------------------------------
    M3M Launch New Residential Iconic Tower Latitude at Sector-65, Golf Course Extn Road Gurgaon. Its 42 Story Single Tower Located Near M3M Golf Estate Entrance Opposite Emaar Mgf Marbella.
    Area - 2 Acres
    3 BHK + Servant - 2,380 Sq.Ft.
    4 BHK + Servant - 2,875 Sq.Ft
    M3M Latitude Booking Price – Rs 9975/Sqft
    M3M Latitude Booking Amount- Rs 10 Lacs
    -----------------------------------------------------------------------------------------------------

    Why bother with this when nearby Victory Valley which is much grander, is available at lesser price.
    M3M's own Merlin is available at way lesser price nearby !
    Last edited August 30 2014, 12:17 PM.

    Comment

    • #3

      #3

      Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

      Is it a part of golf estate only????

      Comment

      • #4

        #4

        Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

        6lks per parking (2 parking is compulsory) + 6lks club + 1000(min PLC). You can do the calculation, 3BHK(2380 sqft) will cost around 3cr.

        Comment

        • #5

          #5

          Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

          Originally posted by SunnyInvest View Post
          got message from broker....

          Live Life Kingsize with M3M's exclusive 160 apartments in "Latitude". 3 and 4 BHK Ultra Luxury Apartments with 30000 sq ft club for only 160 families. Pay only 30% in 6 months and balance on completion of structure and possession. Prime Location on Golf Course Extension Road and surrounded by high end Villa community.


          Called him and the rate is 9975++++ he explained that its only 160 units in 1 tower and blah blah..... But a 3 bedrooom costs 3 cr.... Only positive is the payment plan...

          Seniors please advise....



          M3M Latitude is a high end luxury tower, its based on same concept like LODHA bring highest tower in MUMBAI.


          Latitude is in 2 acrea plot, its a bang on 60 m sector road and just opposite to Emmar Marbella. When you will enter from Golf Estate main gate from sector road then there is a vacant land on right hand side. That land relates to Latitude.


          If you will check resale price of Golf Estate i.e Rs 9200 psf and minimum size is 2900 sq feet. Here you are getting smaller size 2385 sq feet and rate is almost same like resale price Rs 9975 psf Less Broker Discount. USP is payment plan if you go for resale then you will have to pay 70% upfront here your are paying 30% within next 6 months. You can invest in 2 flats with the same money and whenever next demand will come after 2.5 - 3 years you can disposed 1 flat coz at that time most of the apartments will be delivered and people start living there....


          You should go ahead without thinking and without wasting of time because there is 75 apartments only in soft launch price. Company will launch Rs 12,500 psf....


          Thanks....

          Comment

          • #6

            #6

            Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

            M3M is no Lodha .

            While you can do your selling, investors wont pay heed.

            Originally posted by verma29 View Post
            M3M Latitude is a high end luxury tower, its based on same concept like LODHA bring highest tower in MUMBAI.


            Latitude is in 2 acrea plot, its a bang on 60 m sector road and just opposite to Emmar Marbella. When you will enter from Golf Estate main gate from sector road then there is a vacant land on right hand side. That land relates to Latitude.


            If you will check resale price of Golf Estate i.e Rs 9200 psf and minimum size is 2900 sq feet. Here you are getting smaller size 2385 sq feet and rate is almost same like resale price Rs 9975 psf Less Broker Discount. USP is payment plan if you go for resale then you will have to pay 70% upfront here your are paying 30% within next 6 months. You can invest in 2 flats with the same money and whenever next demand will come after 2.5 - 3 years you can disposed 1 flat coz at that time most of the apartments will be delivered and people start living there....


            You should go ahead without thinking and without wasting of time because there is 75 apartments only in soft launch price. Company will launch Rs 12,500 psf....


            Thanks....

            Comment

            • #7

              #7

              Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

              Balance 70% required at possession or on completion of structure ?

              Comment

              • #8

                #8

                Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

                Basic Selling Price (BSP) per sq.ft Rs. 9975

                External Development Charges (EDC)

                Infrastructural Development Charges (IDC) per Sq.ft

                Interest Free Maintenance Security (IFMS) per sq. ft As Applicable

                Preferential Location Charges (PLC) As Applicable

                Parking Charges (per Car Parking Bay)

                2 Car Parks are mandatory for 3 Bed Room Apartment & 4 Bed Room

                Apartment.

                Community Club Membership Rs. 600000

                As Applicable

                Rs. 600000

                Payment Plan

                Milestone Description

                At Booking Rs. 10,00,000

                Within 30 days of Booking 10% of TSV Less Booking Amount

                Within 90 days of Booking 10% of TSV

                Within 6 Months of Booking 10% of TSV

                On Completion of Top Floor Roof Slab 30% of TSV

                On Filing of application for grant of Occupancy Certificate/Within 30

                Days of Notice of Possession

                * TSV - Total Sale Value inclusive of BSP + EDC/IDC + PLC + Car Parking + Club Membership

                40% of TSV + IFMS

                Comment

                • #9

                  #9

                  Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

                  Can you share the PLC structure as well.

                  Also what would be the TSV of 4BHK .Could you also share the breakup of 4bhk?


                  Originally posted by ip3bhk View Post
                  Basic Selling Price (BSP) per sq.ft Rs. 9975

                  External Development Charges (EDC)

                  Infrastructural Development Charges (IDC) per Sq.ft

                  Interest Free Maintenance Security (IFMS) per sq. ft As Applicable

                  Preferential Location Charges (PLC) As Applicable

                  Parking Charges (per Car Parking Bay)

                  2 Car Parks are mandatory for 3 Bed Room Apartment & 4 Bed Room

                  Apartment.

                  Community Club Membership Rs. 600000

                  As Applicable

                  Rs. 600000

                  Payment Plan

                  Milestone Description

                  At Booking Rs. 10,00,000

                  Within 30 days of Booking 10% of TSV Less Booking Amount

                  Within 90 days of Booking 10% of TSV

                  Within 6 Months of Booking 10% of TSV

                  On Completion of Top Floor Roof Slab 30% of TSV

                  On Filing of application for grant of Occupancy Certificate/Within 30

                  Days of Notice of Possession

                  * TSV - Total Sale Value inclusive of BSP + EDC/IDC + PLC + Car Parking + Club Membership

                  40% of TSV + IFMS

                  Comment

                  • #10

                    #10

                    Re : M3M Latitude, M3M Group, Sector 65, Gurgaon

                    Messge me your email id, I will forward you the details.

                    Comment

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