Ireo Premium Service Apartment Review

Q: Hi, I am looking to buy a studio apartment in Ireo Premium Service Apartment, Sec-59, Gurgaon. Can anybody provide me the project details?

Pramela, Gurgaon

26th February 2014

Residential Project Review in Ireo Premium Service Apartment, Sector-59, Gurgaon

studio apartment

investment advice

gurgaon projects

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Replies (3)

Hi everyone,
May i know the possession date of the project? is the project good for the investment? Will i get a good appreciation after few years?

Nithin, Gurgaon

26th February 2014

Comment

Hello Nithin,
This project has immense potential for robust capital appreciation as it is located at the heart of Ireo City which is in turn located near the meeting point of 3 major roads considered as the economic lifelines of present day Gurgaon, namely the Golf Course Road, Golf Course Extension Road and the Gurgaon-Faridabad Road.

The project is good for investment and end use. I have already booked and I have asked the broker about the appreciation he said that atleast 45 percent appreciation will be there. The Expected date of possession will be sept'2017.

Shefali, Gurgaon

26th February 2014

Thanks for the information Shefali,
can you also tell me about the possession date of the project because there are so much confusion about the possession date.. some one updates it as 2014 some says after 3 years.. kindly let me know.

Nithin, Gurgaon

26th February 2014

Ok.....Nithin,
Even I have faced the same issue then I confirmed it from the sales executive. They said it is in September'2017 . They need 3 years for completion as the Bhoomi Poojan is completed a week ago.

Shefali, Gurgaon

28th February 2014

Hi all,
What was the main concept of launching serviced apartments by Ireo? Who is the other builder involved under this project?

Baldeep Singh, Gurgaon

26th February 2014

Comment

Hello,
The main concept was to offer larger personalized living space with all the comforts of housekeeping, food, beverage and security, the segment of serviced apartments today is attracting more and more brands from the hospitality industry.
The Ascott, the world’s largest serviced apartment operator is involved, manages about
70,000 units across 70 cities in about 22 countries.

Neel Sharma, Gurgaon

26th February 2014

Thanks for the information Neel,
Can you tell me the potential of serviced apartments in Gurgaon as well as in India?Do you think that the serviced apartments are in more demand today?

Baldeep Singh, Gurgaon

26th February 2014

Well Baldeep,
I can only say that the rapid economic development in the country has led to the rise in extended stays for corporate travelers. People are also moving into cities for short assignments on projects. Both these categories require a home-like place with a hotel-like efficiency.

There is immense potential for the service apartment market to grow due to the demands of the IT and financial industries, telecom, BPO, KPO, aviation and medical tourism sector. Now a days every builder adding serviced apartments in their project because of huge demand of those flats.

Neel Sharma, Gurgaon

26th February 2014

Well Neel,
May I know the connectivity of the project?? I will be shifting with my family and i have my children, and they have to go to schools every day!

Nishant Pathak, Gurgaon

26th February 2014

Hi,
Studio Unit, measures 575 Sq.ft that larger by 40% - 50%. The 1/2BHK serviced apartments are even more spacious.
On the offer are studio apartments with a price tag of around Rs 1.5 crore in 908 sq.ft @ 15500/sq.ft and 1/2 BHK flats priced up to Rs 3 crore. 1BHK in 1240 sq.ft whereas the 2BHK in 1592 sq.ft
Ground & First Floor - Retail & Entertainment over approx 1,30,000 Sq.ft of area
Second Floors Upwards - Upscale Branded Serviced Apartments fully furnished

Shefali, Gurgaon

26th February 2014

Comment

Hi Shefali,
Can you tell me that what is the total no of units an the area where the project is going to be construct?

Nishant Pathak, Gurgaon

26th February 2014

Hello Nishant,
Approx 212 units spread over 230,000 Sq.ft . A part of a 4 Acre Mixed Used - Hospitality, Retail and Entertainment - located in the heart of Ireo City, a mega new age integrated township being developed by Ireo across 700 Acres in the prime sectors 58,59,60, 61

Shefali, Gurgaon

26th February 2014

Thanks Shefali,
Is this project got approval by the Government authority as well as the financial institutions? Which all bankers are offering loan for the property?

Nishant Pathak, Gurgaon

26th February 2014

Welcome Nishant,
Yes, the project is HUDAI approved and only HDFC & ICICI are offering loan for the property but some more bankers are on process.

Shefali, Gurgaon

27th February 2014