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Propmyna Khabri
posted on 1 MayL&T Acquires 20 Acres in Gurugram for NCR Entry
Hey everyone, heard the exciting buzz about L&T Realty making its grand entry into Gurugram? They've just acquired a huge 20-acre plot, marking their first step into the NCR market with plans for a massive 3.6 million sq ft development! This is big news for us, potentially bringing more quality projects and options for buyers and investors in the area. What do you all think this means for Gurugram's real estate landscape? Does anyone have first-hand information on where this plot is located or what they might be planning?
#Gurugram
Comments
I think it ultimately boils down to the exact location and pricing strategy. If they pick a really good, upcoming spot, maybe something like near Chakkarpur or even further towards the developing sectors, and price it competitively for the quality they offer, it could be a game-changer. But if it's just another premium project in an already saturated micro-market, then it's just more inventory for investors, not much help for FTVs. We need projects that are well-connected, have good social infrastructure, and are within a realistic budget for young professionals.
Reputation is one thing, but actual delivery is another. Mera ek friend ka project ek 'reputed' builder ne 3 saal late kar diya tha, we faced so much stress managing rent and EMI simultaneously. L&T ka delivery record Gurugram ya NCR mein kaisa raha hai? Have they completed any projects here before, ya yeh bilkul pehli baar hain?
First entry in NCR means they'll be keen to make a good impression, right? Ya phir iska matlab hai ki unko yahan ke market dynamics ka utna idea nahi hoga? Does anyone know if they have any successful residential projects in other big metros like Mumbai or Bangalore that we can refer to for their quality and timelines?
Yeh unka NCR mein first entry hai, as the news says. So, no past record to check for Gurugram specifically. But L&T overall has a decent reputation, just be wary of typical construction delays.
Oh god, that's my biggest fear! Possession delays are a nightmare. I've heard so many horror stories. Even with RERA, builders find loopholes. It's really hard to trust anyone these days with such a huge investment.
This is a mixed bag, honestly. Gurugram market is already flooded with inventory, especially in certain pockets. While L&T's entry is good for competition and quality, I'm worried about the overall pricing strategy. Builders are not reducing rates despite high inventory and interest rates. Will L&T also come with premium pricing, making it even harder for budget-conscious buyers like me to find a home? Or will their entry push others to be more competitive?
Haan, L&T typically targets the upper-mid to premium segment. I'd expect their launch prices to be upwards of 12-14k/sqft, even in a developing area. Quality comes at a price, after all.
L&T ka track record toh premium projects ka hi hai. Affordable options toh mushkil hi hain unse expect karna.
Exactly my thoughts! Affordability is the biggest concern right now. Golf Course Extension Road pe toh 15-20k/sqft chal raha hai. Kya L&T bhi ussi range mein aayega, ya affordable segment mein kuch mil sakta hai? Bahut mushkil hai market mein kuch dhang ka milna.
L&T ka naam toh theek hai, but Gurugram mein already prices आसमान छू रहे hain. Will this new project make things even more expensive? Aur yeh 20 acres plot kahan pe hai exactly? Koi idea hai kya?
Airport Road side toh already out of budget hai yaar for most FTVs like us. Agar wahan hua toh L&T ke projects bhi super expensive honge.
Haan, suna hai ki plot Airport Road extension ke paas, Badshahpur side mein kahin hai. Exact location toh abhi tak reveal nahi hui hai, but that area is developing fast.
Wow, L&T in Gurugram! This is huge news. Finally, a big, reputed name entering the market. Hopefully, this means better quality projects for us first-time buyers. I'm excited!