Add Zing to your life!

Every week our reporters go scouting for that one perfect place where they could live happily ever after. Since they are nosier than your neighbour’s wife, checking out stuff and nonsense and gathering information you and I won’t even bother about, we tend to believe them. This week, it’s Lotus Zing, Sector 168. Here’s the lowdown…

No other developer in Noida has enjoyed as much success with investors and homebuyers as 3Cs. That, too, even before delivering their first residential project. No wonder Lotus Zing, their latest development in Sector 168 on Expressway, is already a hot property. However, there are a few obvious questions, which any homebuyer would ask before inking a deal with the company. For instance, are they (3Cs) spreading themselves too thin? Or will they be able to deliver all their projects in time? Have they launched Zing to support the last project (sales, funds for constructions) in the hope that supply will create demand?

Though we don’t have any issues with the company, or their quality and commitment, the only problem with Lotus Zing seems to be the price. “Both Lotus Boulevard and Lotus Panache were a steal because of their price and location,” says a Noida-based real estate consultant, adding, “Though Zing’s location is further away from both LB and LP, 3Cs has launched Zing at a higher rate than both.”



Agrees another broker, who says there wasn’t much choice and options with the investors when Panache and Boulevard were launched. “No doubt Zing is better located than Paras Seasons in Sector 168 and Logix Greens in Sector 143, which is further 1 km from Zing on the Expressway, but launching Zing above the launch price of Panache and Boulevard might backfire for the company,” he says.

The broker says that overall inclusive rate of Rs 3175 psft is good if dealer discount is in addition to this, i.e. if the net rate is around RS 2975-3000. Another broker we spoke to was ready to give a further 1% discount, while keeping everything else the same as mentioned on the website (Rs 3150 – Rs 100 towards inaugural discount) + Rs 100 (lease) + Rs 25 (IFMS) - 1% of RS 3150 for CLP. But if you go for a PLC unit, it will cost somewhere around RS 3300 psft, which on the Expressway and that, too, in pre-launch phase is a little too much.

Moreover, not much is known about the latest master plan of Sector 168 (as to exactly what lies in the vicinity). We don't think it is better than Sector 137, or even Sector 143. Given a choice, we will always go for left side of the Expressway. Moreover, there are at least 120 flats per acre in a plot of land with breadth that cannot accommodate more than two rows of flats, almost half of them north facing and only a few east-facing.

The floor plans are more or less similar to Lotus Panache, except for 1 BR units, which are missing at Panache. “The block of 1 BR units will be too crowded,” says a broker, adding, “At least half of the flats are north-facing, which is not good from the sunlight point of view. The position regarding parking and club is also not clear. These are just mentioned in the layout plans but no details given. There appear to be no separate charges for these, so expect only basic things in Zing.”

Source: www.topfloor.in

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