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Spire Edge - Millennium Spire

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IPR Rating User Rating
Location
0
6
Facilities
0
6
Value For Money
0
6
Track Record
0
6
Overall Rating
0
6

Address
Sector-8, IMT Manesar, Gurgaon

Starting Price
60 lacs Onwards
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Project Description

The challenges of the new world order of business are very different from those in the past. Forever increasing need for bigger office space. Growing costs of running the office. Rising fuel costs. Water and power shortage. Even the Climate change. All things big and small that are already impacting not only the way people work, but also where they work. With bitter experiences of the past, Corporates are now increasingly demanding an office that will be relevant in the future. We at Spire World have studied every challenge, variable and opportunity that the future has to offer. The result is Spire Edge - the 1.6 million sq ft eco-office complex that's ready for any challenge that future.

IPR Reviews

No admin review yet for this property.

Reviews

Location
6
Facilities
6
Value For Money
6
Track Record
6
Property:Spire Edge - Millennium Spire
Overall Rating:
6

how will lease be done?

Location
6
Facilities
6
Value For Money
6
Track Record
6
Property:Spire Edge - Millennium Spire
Overall Rating:
6

the builder promises the moon. but will he keep his promise? a new entrant on the indian real estate horizon, will he deliver , remains to be seen. a 12% return seems damn good for investors who get returns while the project gets ready, and a three year assured lease there after means you get around 50% money returned already. not counting capital appreciation. so it seems a great deal. but, there are buts and ifs ,eg,;
what about extra costs ( edc, sinking fund etc)?
registry costs?
maint charges if property is not rented?
if there are 80000 sq ft on a floor , whose space gets rented out, yours or mine? why yours? why not mine? who decides?
what is the fate of manesar?
is there an oversupply in an already heated commercial market?
what about recession?
so keep your fingers crossed babies and watch out for yourselves.

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