Sunday, August 3, 2008

Whats the latest?

Look at the opinion poll (on the left) - there is a lot of optimism that the project will be delivered in 2011, I wish I felt that optimistic about getting the possession in 2011...my selection was 2012.

Anyway, Hello again!! and hope you guys have been doing ok, got your loans secured, signed the buyer-seller agreement etc...and one cant miss all the action happening in the 70 sometihng sectors of gurgaon

Sec 70-A - Pal Aquapolis (high end apartments)
Sec 70 - Unitech Commericial and some residential complexes
Sec 74 - DLF commercial and some residential
Sec 78 - another large residential complex

and on top of that BS. Hooda has finalized the infrastructure development plan for the Gurgaon master plan - some of the salient features are
--> Horticulture work across gurgaon
--> better electricity and water supply
--> better infrastructure
--> initiate development of southern periphery (the one that goes in front of Eden heights) and northern periphery road

Anyway - I met Sandeep Gupta mid of last month and we spent a good amout of time taking about the project and had some candid conversations. And here are some take aways

Electricy - approx 3KVA, 6KVA and 7KVA will be dedicated for 2,3 and 4 bhk respectively and there will be a lumpsome payment we will need to make for the electrical infrastructure
--> for power back up
--> for DHBVN

my guess is you should park some cash aside for this.

Loans - Sandeep confirmed that HDFC, ICICI etc started dispensing home loans for the project

Sample Flat - Agreed that it took them longer to complete the sample flat. They changed the designers and made some tweeks to the design too but hope to complete it by Aug ( i still think it will spill over to sep)

Target completion date - early 2012...

Let me know if you have specific questions - there are a lot of things we discussed but i don't want to fill this page with a lot of text..happy to answer.

Enjoy the August!!!

1 comment:

Unknown said...

Hi Vik, thanks for the update.

If they can achieve early 2012, that would be really great. I am looking forward to it. I am expecting to see my flat buyer agreement this week, so might have some questions. Thanks again.

Regards,
Gagan