Eden Heights - Whats next?

There was not much news that I had to share so I didn't update the site but thanks all for the updates and comments. The one thing I can tell you is that groups and forums like this are more popular than ever (many end users are creating/joining such forums to muster strength to wear this real estate storm). So here is some update

1. As promised I tried contacting Sandeep Gupta on phone but couldnt get to him but will talk to him as soon as I am able to and provide some more details to all of you

2. I did speak with Manish and there was nothing new I heard i.e
>> work on basement raft is goingon
>> project is as per schedule
>> 2.5 years from now will be the possession
>> the land around GPL which was owned by Unitech is now bought over by Tata housing
>> if someone decides to move out 20% of BSP is retained by GPL.

3. Some other aspects
>> the good news is that the home loans are more affordable now (9% compared to 13%)
>> the other thing we all may be thinking is how all of the eco meltdown impacts the GPL project and what it'd mean for us as end users
== would there be more construction around sector 70?
== is the project viable for gpl
== would GPL compromise on the quality due to increased cost
== the property prices are expected to fall further (does it make sense to stay invested in a sector 70 if you get a ready to move in apartment in the more developed sector in gurgaon)

obviously, these are tough times for the economy, for each of us. Lets stay close and monitor the progress of eden heights closely. Thanks for keeping it active and for all the comments and emaisl you guys have sent.

~vik

I've been away

Hi folks, Long time!!!

Sorry I have been away and haven't gotten a chance to write here. Manish from GPL sent me some pics that were taken during bhumi pujan at the time of casting of the basement raft...If you look at the link on your left you will see the pics. Overall here is what is going on

1. Looks like the construction is in progress as expected
2. The sale is still at 70% or less and folks are able to negotiate better prices (this is my guess)
3. I haven't heard of the EDC bit but i know thats the new ruling in Haryana and will apply to GPL sooner or later.
4. The next payment is round the corner - expect the letters coming out to you in January or 1st week of feb. This will be the 4th payment and probably the heaviest on your pocket
5. Southern periphery road that will connect sector 56 to Sohna and then to GPL is well underway
6. don't expect eden heights to touch 3000 +/sqft very soon. It will tread 2700 - 2800 till some construction is done

Market
1. Property market is really down..i know that gurgaon is down by 15-20% and brokers are screwed up badly
2. home loans are going to go down - to a 8-9% very soon so if you are planning to take a loan and can wait a month or two, it may be worth it

What all are you guys hearing?? I promise to write more often. Hope you guys are hanging along fine and have a blast on christmas and new years!!!

Cheers
Vik

Sample Flat Review

I have been caught up with a couple of things..had my second child (a baby boy on 11th oct), that kept me busy for a few days and thenI have been sleep deprived and very recently running high fever. Today I musterd courage to drive up to the sample flat and here are my observations

1. The sample flat exceeded expectations (due to all the fancy interiors). Without the interiors - I cant comment
2. Really liked the quality of wodden flooring in both the bedrooms
3. Kitchen - thought a little small had nice granitie ( or granite like stuff), hob, chimney. I think the modules can have more advanced storage spaces
4. The aluminium doors - excellent quality.
5. Balcony - awesome. Sometimes I wonder if they could have reduced the width of the balcony from 6FT to 5 on both sides and increased the inside space without compromizing on area
5. Use of space just after the living/dining room was nice.
6. The anodized aluminium frame doors in room had only 2 slide panels..what this means is that you cannot put a wire mesh door if you liked. I'd recomment GPL to add 3 slide panel frame (customers like us can get the wire mesh door put if need - but the option should be provided)
7. bath fixtures were ok.
8. The sample flat has a lustor paining while a raw would have acrylic paint
9. I didn't quite like the green tiles in one of the bathrooms
10. I was never a fan of wall papers in india but the wall papers were really neat..
11. In-house doors were absent so i am not sure what type are they using

WHAT changes will i make if i get a raw house
1. get lustor painting done - may be use wall papers
2. get "grohe" or "rocha" bath fixtures
3. get an electronic shower panel put in the master bath.
4. Marble flooring in all rooms and keep the wodden in bedrooms
5. Get a wire mesh on all doors and windows (aleast 1 in each room)
6. upgrade the modular kitchen
needless to say some interior work...


Pics were not permitted - though I had my camera and many opportunities to take pics - I didn't. GPL will be sending us CD with a pictures.

What do you have to say?

12th Oct - See you at the Sample Flat

So we are there ...and most of you must have gotten the invite (or a call from GPL) to the launch party (i don't know if it's a party) on 12th Oct 2008. I am excited and you can bet I am going to be there...i am carrying my camera too

Lets catch up and exchange notes here. Iwill post pics and share my comments ...

See you at noon on 12th oct at the Sample flat ~ Vik

Check out the NEW POLL on the left

On the top there is a new gaget called SLIDESHOW - I will post all pics there. just click the link and visit the pic gallery

"Oktoberfest" for Eden Heights

My apologies for being away all this while - was caught up with FY 09 planning and did I tell you that I am expecting my 2nd baby in the next couple of weeks...I am nervous and happy and needless to say there is a lot going on. So welcome to the month of October and enjoy "oktoberfest" with gallons of beer :)...CHEERS!!!.

The good news is that EDEN HEIGHTS sample flat is almost ready, interior work almost done and horticulture work too completed. I haven't been to the site off late but kept in touch with the prgress with my "very reliable" sources. I will probably go to the site tomorrow and get some pre-inaugral pictures ..just for all of us. Also if you saw the Time Property today - you will notice GPL broker strip adverts... the big advert is also coming in a week or two..

Shailendar, Manish, Amitabh thanks for the interest in meeting up...but I was a little disappointed with the response to get together but I also understand that quite a few of us are not in ggn but I still think it'll be great for us to catch up during "oktoberfest"... so other those who are interested to meet feel free to write into thiis blog..

Take care folks and wish you a great navratra :) and hopefully we'll bump into one another at the sampleflat.. and click on the left link to FOLLOW THIS BLOG...

Amitabh Sagar - sent some pictures which i posted in this link thanks Amitabh http://picasaweb.google.com/vikrant.bhatnagar/EdenHeights#

CHEERS!!