Unitech team is working very hard to reinvent itself, there finance team has been told to make it a zero debt company in next 6 months -12 months. They would soon dispose of there non core assets ( provided they get right valuations) and focus only on real estate.
reagrding the spr, more then unitech dlf is going to push for an early completion. they have to work on making golf course road signal free and they want the faridabad truck traffic( after pahadi rasta) which uses GC road to reach NH8 to be shifted on SPR.
You can delay purchase but prices may not remain constant.
As far as roads are concerned vista or ever SPR has much better location – atleast you can reach the project location quite easlily. Most new projects in gurgaon( 80-90%) do not have proper road connectivity when construction commences.
There is no dwarka express way in physical existence as of now even while dozens of projects have been launched, sold and re-sold. Sometimes one needs expert broker to reach some of the project sites… and reach back to a tar road
Vista prices have been range bound for a last 15 months. During this period property prices increased by 20-30% in the region. Given the new launches by unknown builders in much inferior location of 70A at 6,000/sq.ft, there is a case for price correction on positive side.
There are 2 Key drivers of prices for Vista project
a. Project progress – once people start believing that project will be delivered the end users will get interested. There has been good progress in last 3 months
b. Progress in SPR – there is a 900 m patch which is not complete due to HC stay. In case stay is lifted there would be a gap up jump in rates of all SPR projects, more so in vista
prices have moved from 4300-4700 range to 4500-5000 during recent months. So while you may wait until Jan, prices may not stay at the same level, however some of the risks may have been addressed. In any case be mindful of delay in possession which all unitech projects are experiencing.
There hasn’t been much construction for C towers, if at all. That means it might take 3-4 years for you to get possession.. maybe more.. who knows. B towers have reached around midway, but D and E have not even begun yet! And they are all in the same phase 2. I went for A as I’m hoping phase 1 would be delivered by the end of 2014.
On the upside, your initial payment will be much lower with C.. perhaps around 20-30L less? So if down payment is an issue, it might be a good bet. Although, I don’t know how long C will take to give you good returns.
For vista it is little difficult to get full white deals (full white deals mostly for not-so-good units or by sellers keen to exit in a hurry).
The premium over BSP is around 2,000 for most units However you can find deals where black component can be negotiated lower to say 1000-1200 sq.ft.So, in such situations, black may be ~ 20 of the deal value.
It is relatively easier to negotiate on black Vs white than on price.
It is better to go through broker as they can provide lot of options. One can find many brokers active in vista as project is really large with around 1200-1300 units in the market.
Checkout construction update pictures across Unitech projects
Unitech is one of the largest and most reputed real estate company in India. Not only its past projects have been highly successful (in terms of return on Investment) but also its projects have changed the life of thousands of middle class Indians by giving them houses worthy of living in.
Just a look at any of the under-construction projects of Unitech and you immediately notice the difference in terms of quality of construction.
The problem however is that all the ready to move in properties of Unitech are out of reach of many middle class home seekers. Of course when you have thousands of mediocre real-estate companies and projects emerging every day everyone is driven towards a few quality housing options and the prices obviously go up.
Recently, Unitech launched a couple of projects which have tremendously positive outlook due to various reasons I will highlight in different posts in this blog. One of such projects is Unitech Vistas in Gurgaon. As I am writing now the rate at which this property is available is at about Rs 4800 to 5200 Per Sq Ft.
If u are interested to know more about the investment plans LEAVE YOUR DETAILS BELOW…Before this opportunity is Gone forever.