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Lotus Panache by The 3C Company in Sector 110, Noida

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Lotus Panache by The 3C Company in Sector 110, Noida

Last updated: September 8 2017
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  • Re : Lotus Panache by The 3C Company in Sector 110, Noida

    Any idea as to how much of LB has been sold in terms of %?
    Last edited by sanjaysood; July 28 2010, 10:22 AM.
    Sanjay

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    • Re : Lotus Panache by The 3C Company in Sector 110, Noida

      Originally posted by sanjaysood View Post
      Last month someone offered me a flat in LB in resale for 3200 psf.

      Resale price in LB is around 3200-3300, depending on location. Even an Investor Clinic guy told me that.
      Sanjay,

      It is next to impossible to sell an under construction flat in resale in Noida these days. Don't be misled by the 3C price. They don't have units to sell in LB, so there is no harm for them to raise the price to Rs4000 psf also. Situation on the ground is very different. I had a flat in LB which I could sell after six months of toil. And the price at which I had to sell is not worth mentioning here. The fact is that there are no buyers in the market to buy at the price people are expecting in LB. I am happy for the fact that I could atleast sell it.
      Last edited by pancham; July 28 2010, 10:25 AM.

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      • Re : Lotus Panache by The 3C Company in Sector 110, Noida

        Pancham

        I have no idea about the details of your flat, but the deal about which I mentioned in my post has been completed at 3200 PSF. Another friend of mine has bought it. Payments too have been made.

        It was an excellent location flat on a very low floor possession of which has been promised to be given next year.

        I agree that it is difficult to find a buyer for resale. Reason for that is so many projects in Noida. Why would someone go for a resale deal? Buyers are generally scared in this type of deal.

        I myself did not buy that flat though I liked it very much because it involved some payment in black money which I did not want to get into.

        It is very much possible to sell, but of course difficult to find buyers, unless you have some decent + point in your flat.

        Regards

        Sanjay
        Last edited by sanjaysood; July 28 2010, 10:55 AM.
        Sanjay

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        • Re : Lotus Panache by The 3C Company in Sector 110, Noida

          My point was just to indicate that the rates announced by 3C are not real rates. Of course you can still sell a unit in good projects like LB but you have to do this at a very reasonable rate. For not so popular builders, people should not even think of resale in next 3 years: buying to make quick profit in Noida these days is a very risky proposition. In long term, say in a five year scenerio, position will of course be different.

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          • Re : Lotus Panache by The 3C Company in Sector 110, Noida

            Originally posted by pancham View Post
            My point was just to indicate that the rates announced by 3C are not real rates. Of course you can still sell a unit in good projects like LB but you have to do this at a very reasonable rate. For not so popular builders, people should not even think of resale in next 3 years: buying to make quick profit in Noida these days is a very risky proposition. In long term, say in a five year scenerio, position will of course be different.
            Completely agree with that Pancham. Even for LB, I am ready to bet that if there is a buyer who is focused on buying directly from 3C, there will be units available - may not be very well located, but there will be units - at prices lower than they are quoting. It's a buyers market all the way. Dont be misled.

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            • Re : Lotus Panache by The 3C Company in Sector 110, Noida

              Yes, there are units available in Boulevard, but they are disadvantageous locations, not preferred by people, which are available at a lower rate.
              Sanjay

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              • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                have gone to the construction site . 1st phase work is currently running at good speed .Found that the contractor working right now in Panache is Gurbaksh Singh .
                Sample flat will take more than one month to complete . Hope to see it by end of August .

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                • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                  Hi Nagpal

                  Is Gurbaksh Singh only for Phase I or also for Phase IA? Construction for both these phases has begun.
                  Sanjay

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                  • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                    It was very difficult to dig out any detail from sit as we were even not allowed to see the work in progress . But we somehow managed.
                    Not sure whether it was for phase 1 or 1A.

                    Can anybody provide us the feedback on Gurbaksh singh past projects .

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                    • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                      They are very reputed builders of Delhi established in 1923.
                      visit gsbabuilders.com

                      However, their website is under construction.

                      They have very good reputation (someone told me)

                      They are the ones who built Connaught Place.
                      Sanjay

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