The Vermont by Nirvana
Live data
11 insights shared by the community.
What residents appreciate the most
The development is characterized by its high-rise structure, featuring 3 towers that reach 36 to 37 floors (approximately 125 meters). This scale positions it as a prominent addition to the local urban landscape.
3 towers 🔸37 floors/125 metres
3 Towers | 36 Floors
They are building a High rise in that locality.
Keep it clear, factual, and helpful for other residents.
The project is strategically located in the Habsiguda/Nacharam area, a part of East Hyderabad that is actively developing and contributing to the city's expanding skyline. This location is noted for its potential as a residential hub.
Vermont Nirvana Home spaces - Habsiguda | Has anyone considered or heard about Vermont Nirvana in Habsiguda / Nacharam.
Another addition to the skyline at East Hyderabad, this time at Nacharam : The Vermont (Residential)
Keep it clear, factual, and helpful for other residents.
The base price for units is quoted at 7.2k per square foot, and the builder has expressed willingness to negotiate, which could provide an opportunity for buyers to secure a better deal.
They have quoted base price of 7.2k and still open to negotiating
Keep it clear, factual, and helpful for other residents.
The project encompasses a substantial scale with 570 units spread across its 3 towers. It offers 3 BHK flats with a variety of sizes, ranging from 1,870 to 2,525 square feet, catering to different preferences for living space. The context also implies it is a gated community.
Looking at an 1800 sft flat. How is the rental demand for gated societies in east?
3 BHK | 3 Towers | 36 Floors | 1,870 to 2,525 Sft | 570 Units
Keep it clear, factual, and helpful for other residents.
Site preparation work for the development is currently in progress, indicating that the project is actively moving forward with its construction phases.
Site preparation work is ongoing.
Keep it clear, factual, and helpful for other residents.
The project's management team includes individuals with previous experience from Vasavi constructions, suggesting a background in established real estate development practices.
Interaction was decent only, got to know that it’s managed by someone from Ex-Vasavi constructions management team
Keep it clear, factual, and helpful for other residents.
The project holds a RERA registration (ID: P02200008990), indicating that it complies with regulatory standards and provides a level of assurance and transparency for potential buyers.
RERA: P02200008990
Keep it clear, factual, and helpful for other residents.
Where residents want improvements
There is a notable lack of transparency regarding sales figures, as the builder claims to have sold over 250 flats, yet official RERA data shows minimal or no units as sold. This raises serious questions about the builder's credibility and adherence to RERA regulations, which require regular updates on sold inventory.
Rera data shows hardly any flats sold in that project but the builder claims he has sold over 250 flats 🥲 He says RERA data doesn’t get updated 😳 Surprised ? When does the rera gets updated?
Builders must notify RERA about sold inventory quarterly, typically within 15 days of each quarter's end (by April 15, July 15, October 15, January 15), uploading details of booked units to the RERA portal as part of ongoing project compliance under Section 11(1) of the RERA Act.
Here the builder is claiming 200 sold flats while all their inventory in RERA is unsold 🤦🏻♂️
Keep it clear, factual, and helpful for other residents.
The estimated completion date for the project is set for 2030, which represents a considerably long waiting period for prospective homeowners.
But project completion is 2030?
Keep it clear, factual, and helpful for other residents.
The pricing of units in this project is considered high when compared to other developments in the area, such as NSL Luxoria, which offers 3BHK flats at a more competitive price point of approximately 1.8 crores.
NSL luxoria is running some offer and the prices are around 1.8 crores for their 3bhk. So based on that Vermont looks pricey.
Keep it clear, factual, and helpful for other residents.
The rental demand for gated communities in the east side of the city, where the project is situated, is described as merely 'okay okay,' suggesting that the area might not offer exceptionally high rental yields for investors.
Yes rental are okay okay these east side
Keep it clear, factual, and helpful for other residents.