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IT/ITES
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Ved Sagar |
| India , 12/17/2008
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| Query: Dear, i
want to know whether IT/ITES buildings can be used
by all companies or only by companies like satyam,
infosys etc which are purely software companies.
What is the difference between commercial property
and IT/ITES properties ? |
| Reply: it can
be used by all bit for a specific purpose i.e. IT
activity of the company. It cannot be used as head
office or branch office of a company but maybe a
back office. Companies can even create subsidiary
companies for their IT operations, which can then
function from an IT park.
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DLF IT SEZ
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
MADHUR SAVARKAR |
| India , 12/11/2008
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| Query: I am
surprised how you are recommending IT parks to
investors on NH 2 given the fact that IT is the
most severely hit in the economic downturn and
that DLF has scrapped the IT SEZ because of lack
of demand. Why should then one buy an IT park even
though good location like NH 2? |
| Reply: time
would tell, what i can visualise, I am sure you
wont understand at this point of time. If 3 months
can suddenly paint a grim picture, who knows what
all is in store for next 3 years. It could be much
rosy even than what i have projected. I am
confident that on possession, this area would
fetch a much better rental than 50-60k psy. No
point debating now, time would tell. Even today a
residential flat in green valley is around 4000
psf and charmwood around 5000 psf, while most
flats from all leading companies in gurgaon (sohna
rd) are struggling around 3000. Proximity to delhi
(2-3km) means a lot. Tell me property rates or
commercial rentals on any national highway within
2km from a delhi border. Dont compare with distant
IT parks. | |
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assured returns
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Pankaj Dhiman |
| India , 11/28/2008
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| Query: Hello, i
have read from past comments that you have advised
Abacus on NH 2. Do you think rentals will be to
the tune of Rs 60-70 since so many ready projects
find no takers ? Agreed that Jasola is at 175-200
but that was in better times. If Jasola comes to
100 then would places like Abacus find takers at
60 ? |
| Reply: the
committed rental is around 45 psf which i am
confident is achievable inspite of meltdown. If 3
months can bring things down, 3 years can have a
positive multiplier effect as well.
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commercial
project (Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Varun Raheja |
| India , 10/2/2008
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| Query: Hi
Jitujee, i have one fundamental question. There
are numerous commercial projects coming up in
Ggaon, New Ggaon and Faridabad on NH2. Do you
think there is so much demand of corporate space ?
Also, in which segment would u say there is
oversupply today - commercial or residential ?
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| Reply:
oversupply is all over. You cannot compare abacus
with any commercial development in gurgaon or
greater noida. Abacus is almost delhi (1km) with
close proximity to commercial hubs like mohan
cooperative, jasola, okhla and nehru place.
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100% return
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Harman Singh |
| U.S.A , 10/1/2008
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| Query: Can you
pls explain how abacus may give 100% returns as
per ur answer to ravi chopras question ? We might
be interested to put some money in it. regds,
Harman |
| Reply: current
prices are around 5500 psf. Project on national
highway at 1km from border. Flyover approved and
work expected to start in nov end, completion by
end 2010. Same way metro approved expected between
2010-2012. I expected price on possession between
10-12k. Place would be very close to jasola after
flyover operates. Present prices in jasola are
around 25k and basically for office spaces.
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APPRECIATION
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
SANJAY RASTOGI |
| India , 9/30/2008
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| Query: DEAR
SIR, I MADE INVESTMENT IN THE ABOVE PROPERTY IN
APRIL 2007 @RS.5300/-P.SQ.FT. MARKET HAS RISEN
MIN. 4 FOLD SINCE THEN.WHEREAS MY INVESTMENT IS
NOT ABLE TO GET ME ANY APPRECIATION. I DON`T KNOW
IF THE BRAND LIKE CROWN CAN`T GET ME ANY
APPRECIATION EVEN AFTER ONE & HALF
YEAR,WHEREAS COMPANY HAS DEMANDED THE 2ND
INSTALLMENT DULY PAID ALSO.BUT WHEREIS PROJECT GOD
KNOWS,YEAH YOU CAN EASILY FIND A BIG SIZE BOARD
THERE. NOW I HAVE COME TO KNOW THAT ALLOTMENT NO.
HAS BEEN GIVEN TO THE MEDIATOR WHO IS SUPPOSE TO
FURTHER ALOT ACCORDINGLY. |
| Reply: crown
never sold the project directly. Since they sold
it through select dealers so what is the big issue
if they do allotment through those dealers.
Individual allotments are not feasible when
project size is big. As regards appreciation all
crown projects have gone manifold but generally on
possession. I am hopeful for this one as well.
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rentals in
assured returns (Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Arun Gawelkar |
| India , 9/18/2008
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| Query: Hello
Sir, do you still maintain your conservative
target of Rs. 80 psf rentals of good IT parks on
NH 2 despite the financial crisis world over ?
Proitability of all companies would be hit and
wouldnt this affect rentals ? My feeling is that
these places could go on rentals of 30-40 psf.
Correct me if im wrong |
| Reply: 45-50
psf is what developers have committed. It is not
going to be lower than that either way. Even at
those levels it would be 10 percent ROI. Let
another 3 years roll and you would know if i was
right or wrong. I am still optimistic .
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assured returns
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Madhur Shankar |
| India , 8/22/2008
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| Query: Hello
Sir, if i invest 60 lacs in Abacus today, wat is
the scope of appreciation ? Rental of 50 means 600
annual rental @ 9 % after leasing - that means
capital value of only 67 lakhs after 3 years ?? Is
this appreciation attractive ? I am not sure how u
r recommending this to investors ??please explain
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| Reply: at 9
percent capitalisation after 3 years appreciation
is 7 lacs. Apart from that 6 lacs per annum is
recd as return, so effectively your 60 lacs become
60+18+7 + 85 lacs. Min 40 percent appreciation. So
it is equivalent to a situation where i pick up a
commercial at 60 lacs without any assurance and
sell it at 85 lacs after 3 years. It apparent
looks attractive bcoz you see 25 lacs in one go.
Good tenants on possession can be capitalised from
7 to 8 percent. In any mall or office space in
faridabad, you would not get anything at even 9
percent today. Most deals are available around 8
percent. And 1 percent sensitivity is substantial.
Also clause says if actual lease is more than 60,
than half of increased rental is yours and other
half benfit goes to developer. So if actual lease
is 70. You would capitalise on Rs.60 psf per month
against todays investment
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Abacus
availibility (Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Arshad Khan |
| Egypt , 8/21/2008
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| Query: Dear
jitu Ji, Please let me know regarding availabilty
at lower floors. Also chances of getting bank loan
if I pay aroun 25% upfront. |
| Reply: in
assured return lower floors could be made
available at min rent commitment of 50 psf on 10
percent. Investment 60 lacs. no bank loan
whatsoever till possession, so entire self
funding. | |
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Bank funding
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Sachin Singh |
| Australia , 8/18/2008
|
| Query: Hi
Jeetendra, I am just confirming that the 55 lacs
if upfront and no bank funding will be available
with or WITHOUT assured return? If an when you
find time could you possibly write a editorial for
Commercial properties for the un-initiated. |
| Reply: i would
work out an editorial soon. Entire upfront is
required only in case of assured return else
construction link plan should be preferred.
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abacus
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
JITENDRA SINGH |
| United Kingdom ,
8/17/2008 |
| Query: Hello
Mr. Jitendra, I want to invest in Abacus
Technopark. Can i invest in a 500 sq ft unit and i
want assured returns ? Also, these returns are
assured for how many years ? If they are not able
to lease out during this period , then is the
investment doomed ? |
| Reply: min
investment is for 1000 sf. In assured return
developer is responsible for rentals upto
possession, and even upto execution of first
lease. So investment is secure at all time.
Normally on a worst case scenario also, it works
out to be a committment of around 5 years.
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|
Hello
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Rekha Sankaraman |
| U.S.A , 8/16/2008
|
| Query: Hello
Jitu Ji, Thx for the response, so all your
estimates of growth (when in percentage) are based
of the Pre-launch prices? Also could you please
explain about Abacus: 1: Is this Crown Technobuild
project? 2: Payment plan? 3: Bank funding? 4: Also
pardon my ignorance - how does the rent factor in
such projects, since this is not assured return?
Thank you RS |
| Reply: crown
has two projects in faridabad. I am talking of one
which is 1km from badarpur border. Assured return
option also available. Bank funding not available.
For pmt plan click adjacent link or from home pg
to project. | |
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|
ggaon vs
faridabad (Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Prabhat Yadav |
| India , 8/12/2008
|
| Query: Hi, want
to know which project would be better for
investment - commercial space in New Gurgaon on NH
8 or IT park like Vatika on Mathura Road ? |
| Reply: if
buying in assured return then ROI should be
deciding factor. Else abacus technopark faridabad
is a much better proposition than vatika even from
investment and location perspective.
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office space
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
walia N/A |
| India , 3/27/2008
|
| Query: Hi! Have
a few questions 1) how do we know which tower or
floor is being alloted 2)The implied rent is 55.
But when the building is complete the actual rent
is 60. Who gets the diferrence. 3) Who pays the
service tax on the rent. the buyer or the rentor
4)How much does the rent go up every 3 yr for
inflation 5) Do you recommend this over BESTECHs
park view business tower. Are you dealing with
that. Thank you. |
| Reply:
allotment policy is being worked out. Difference
in actual rent is divided between both, developer
part is capitalised. Service tax paid by tenant.
Lease rent increased by 15 percent after 3 years.
Not much idea about bestech. Could also consider
latest fromv atika with assured return of 9.25
percent. | |
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It park vs
Business Park (Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
Gaurav Gupta N/A |
| India , 3/24/2008
|
| Query: Hi Sir,
Wishing you a very Happy Holi. I would like to
know the differenve between IT park and Business
Park. Why Piyush is coming up with Business park
when he can also come up with IT park and as per
my infiormation, fee for IT park is significantly
lower then Business Park. 2nd as we all are aware
that Govt has not exptended Income tax holidays to
the IT companies then dont you think that they
will not take space in IT parks instead they will
opt for IT SEZs. Please let me know why should I
invest in IT park? Also let me know the Price you
expect in IT or Business Park in 2010? FYI: Rate
in Jasola is 22000 rupees. |
| Reply: IT park
can only be used for IT units while business park
suitable for any kind of offices. I am taking a
conservative target of 10000 psf. As much as I
understand IT parks can be used for IT operations
or back end perations for corporate units. They
would be preferred by companies due to distance
and low cost/rental advantage. I see a scenario
where companies would have a smaller office at
Jasola for branding purposes and bulk of back
office at IT park in faridabad.
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Crown -Ansal
Housing Pjt (Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
AJAY YADAV |
| India , 2/27/2008
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| Query: Sir, Can
you tell the development status of Crown_Ansal
Group in Sec-80 FBD. a)Are they coming up with
Some residential pjt or Commercial Pjt in that
area. b) have they started booking for the same.
c) is already booked, wht is premium now days for
2BHk and 3BHK, if R pjt is there. |
| Reply:
residential. Booking not open so far. Few
prelaunches were done by crown. Not much idea
about same. | |
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KNOWLEDGE PARK
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
AMBAREESH TRIKHA |
| India , 2/10/2008
|
| Query: IS
KNOWLEDGE PARK FROM CROWN GROUP AN IT PARK ? ALSO,
WHAT IS THE EXPECTED RENTAL IT WILL FETCH ON
COMPLETION ? IS IT ALSO AVAILABLE ON ASSURED
RETURNS ? |
| Reply: yes. No
assured return. Even if it leases at 45 Rs. Psf it
works out a ROI of tem percent and current price
of 5500 psf. Though i expect a rental above Rs.80
then. | |
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IT Park
(Abacus Technopark Faridabad
(LATEST)) Contact for More
Details See More Projects |
| Posted by :
A Jain |
| India , 2/5/2008
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| Query: Are you
aware of Realtech K G Khosla IT mark on Badarpur
border? How is it for investment and whats the
market price and the initial prelaunch price?
Apparently, they have got license now. |
| Reply: i am not
handling it nor too bullish about it. The location
is such that once the flyover at badarpur comes up
it would be below the flyover and not after the
exit point so access problems could be there
affecting its prospects. Crown knowledge park
which is approved and has a resale market of
around 5500 psf is a better location and the
developer is behind the two biggest malls in
faridabad (operational).
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