Underpriced Neherpar Greater Faridabad

POSTED BY YOGESH 25 JAN 2011 ON IndiaSPACES.com

I think that neharpar is under price as u know that in devlop sector of huda the asking rates is about 65000 to 100000 per sq yards. but in neharpar u can buy plots @ 22000 to 30000. vip plots which are stone throw distance from sector 14 were not sell on there price. this is because huda delay the devlopment of this area what is ur thinking. u think that huda will devlop this area within 5 years. if so the price of sector 14 and sec 81 will be rated same.

REPLY BY JEETENDER GUPTA, CEO, INDIASPACES.COM For any sector to be categorised developed two things are critical - external development and residents. Both the things would take good years, so presently the prices would continue to trail considerably till situaton changes atleast for one of the parameter.

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Delhi-Mumbai Industrial Corridor (DMIC)

Delhi-Mumbai Industrial Corridor (DMIC)

A mega infra-structure project of USD 90 billion, financial & technical aids from Japan, covering an overall length of 1483 KMs between Delhi and Mumbai.

DMIC States -

Delhi, Haryana, Uttar Pradesh, Rajasthan, Gujarat, Maharashtra

DMIC Junctions -

Pirthala (Delhi); Rewari (Haryana); Phulera & Marwar (Rajasthan); Palanpur , Amli Rd & Makarpura (Gujarat); Gothangam & Vasai Rd (Mah.)

Query on Prospects on DMIC on Indiaspaces.com :-

POSTED BY PAWAS 20 JAN 2011

Do you have information on DMIC project and its impact on real estate market? Which area will get the boost as a part of this project. Recently, Haryana CM has announced a cargo airport on 3000 acre land after Rohtak. On one side, it touches the Rohtak and on the other side, it touches Neemrana/Bawal area. Also, lots of development are proposed on KMP expressway as part of this project. Recently, there is a exponential rise on the plot prices at Daruhera/Bhiwadi etc.

REPLY BY JEETENDER GUPTA, CEO, INDIASPACES DMIC and any other project of this level would surely affect the real estate of the affected areas. though sometimes it is in terms of short term reaction but real and lasting impact is only known by test of time. i have seen similar spurts happening and disappearing when SEZ fever was catching up. A place like Jhajjar and adjoining areas like bahadurgarh saw huge jumps in every project in the area but later it consolidated. Rudrapur went crazy and then settled. Our country is all about mob mentality rather than logics. Destiny of places would change. To post/view more queries on this subject : http://www.indiaspaces.com/blogquestion.aspx?qid=230 For all other blogs and queries check : http://www.indiaspaces.com/opinions.aspx

BPTP Discovery Park Sector 80 Faridabad

BPTP Discovery Park Sector 80 Faridabad (Call : 9810050748)

Unit Types	Area		Price
2 BHK + 2T	1120 Sq. Ft.		Rs. 2845/- per Sq. Ft.
3 BHK + 2T	1380 Sq. Ft.		Rs. 2845/- per Sq. Ft.
3 BHK + 3T	1625 Sq. Ft.		Rs. 2750/- per Sq. Ft.
3 BHK + Family Lounge	2440 Sq. Ft.		Rs. 2750/- per Sq. Ft.
* Areas mentioned above are tentative & may vary + 15% in Super Area.
**Inaugural Discount		Rs. 250/- per Sq. Ft.
Other Charges
***DC(Development Charges)		Rs. 245/- per Sq. Ft.
PLC(Preferential Location Charges):-
Landscape Facing		Rs. 50/- per Sq. Ft.
Park Corner (Duplex Only)		Rs. 75/- per Sq. Ft.
Ground Floor to Second Floor		Rs. 100/- per Sq. Ft.
Third Floor to Fifth Floor		Rs. 75/- per Sq. Ft.
Car Parking		Rs. 2,00,000/-
*In case of two PLC’s on any Flat, only one PLC of the higher amount shall be charged.
IFMS(Interest Free maintenance Security)		Rs. 50/- per sq ft
Club Membership Charges		Rs. 75,000/- per family
CONSTRUCTION LINKED PAYMENT PLAN
Booking Amount		7.5 % of BSP#
Within 75 days from the booking		To complete 15% of BSP
On start of Excavation		10% of BSP
On Casting of Upper Basement Slab		10% of BSP + 20 % of Allied charges#
On Casting of 1st Floor Slab		10% of BSP + 20 % of Allied charges#
On Casting of 4th Floor Slab		10% of BSP + 20 % of Allied charges#
On Casting of 8th Floor Slab		10% of BSP + 20 % of Allied charges#
On Casting of 12th Floor Slab		10% of BSP + 20 % of Allied charges#
On Casting of 14th Floor Slab		10% of BSP
On Start of External Plaster		10% of BSP
At the time of offer for Possession		5% of BSP+ IFMS+ Registration charges+ Stamp Duty#
DOWN PAYMENT PLAN(10% Rebate)
Booking Amount		7.5% of BSP#
Within 45 days from offer of Allotment		77.5% of BSP +100% of Allied Charges#
At the time of Possession		5% of BSP+ IFMS+ Registration charges+ Stamp Duty#
Allied Charges includes PLC + DC + CPC + Club Membership Charges.

**Developer reserves the right to withdraw the Inaugural discount without any prior notice.

** Development Charges” or “DC” shall mean the amount charged by the Company from the Applicant(s) towards the payment of External Development Charges (EDC) and Infrastructure Development Charges (IDC) as presently charged by the HUDA , DTCP or the Government of Haryana and cost of such other development works as may be undertaken by the Company within the Group Housing Colony which are not charged specifically anywhere else . The final amount of Development Charge shall be determined upon finalization of EDC by the Government.

# Alongwith Service Tax, as applicable.

Jaypee Kosmos Noida Expressway

POSTED BY DEEPTI (INDIA) 12 DEC 2010 on www.indiaspaces.com
I heard rumors that Jaypee has diverted all resources and funds for Taj Expressway. I just hope that Jaypee lives up to their promises.

REPLY BY JEETENDER GUPTA, CEO, INDIASPACES.COM
dont believe in rumours. even otherwise most projects are construction linked and if developer does not reach next stages then developer cannot demand more payments. those people make mistake who avail down payment plan for some discounts. they create problems for themselves as well as for others. construction link is the best plan to keep developer under pressure. normally 30-35 percent cost is land cost. a developer may divert this money or repay it back if borrowed and then put the construction linked to installments. that is the recommended business plan. and upto that even if a developer is doing that i see no issue.

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BPTP Parklands Faridabad Phases I, II and III

POSTED BY NEERAJ (INDIA) 07 DEC 2010 on www.indiaspaces.com
We keep on hearing Phase 1,2,3 of BPTP Parklands. Can anyone pls throw some light on which sectors/projects are covered in which phases?

Reply by Jeetender Gupta, Indiaspaces.com
officially there are no phases. It was a terminology BPTP used during marketing days but subsequently withdrew when allotments happened. blocks P-Z are referred as phase 3 which fall in sec 75-77. blocks A-N are called phase 1 and 2 which could be further divided as A-F (sec 82, 85, 88) and G-N (sec 83, 84, 89).

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Uppals Canary Residency Gurgaon

POSTED BY ANIL (INDIA) 07 NOV 2010 on www.indiaspaces.com
The prices of Canary residency has not increased substantially in last 2-3 years, it was offered @ Rs 2500 psft in 2008 and today also 2700-2800 only. WHY no substantial increase even after the towers are ready ( in raw state)-- Is there any problem with the project?

Reply by Jeetender Gupta, Indiaspaces.com
prices are being quoted in the range of around 3000 psf now. That is pretty much the resale rates of other projects in vicnity. Toll bridge is a bottleneck, till alternate routes are created. Lastly the developer is not too aggressive in market with newer projects or a big dealer network. If a developer is frequently active in market, it plays an important role for resale market.

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Neher Par (Greater Faridabad) Prospects

Posted By VIRESH SAXENA (UAE) on www.indiaspaces.com 26 OCT 2010
I purchased RPS Savana 2+1 flat in 2006 at Rs 1800/- per sq ft howver I am surprised that rates in Rps Savana is still at Rs 1600/- per sq ft. Nehar par Faridabad is perhaps the worst real estate investment to be made by any person. It is even worse than investing in Ranchi or Raipur which

Reply by Jeetender Gupta, Indiaspaces.com
Plots in the same neher area have seen 3-4 times appreciation, so dont put it on area. flats normally take longer to capitalise. They are dependent more on consumption cycle and prospects of a project. Possession and more so livability is an important issue. Take for an example bptp grandeura which was selling below purchase price, a loss of 5-6 lakhs, is now fetching premiums. Possession and living of few families and less dependency on external infra has created a difference of around 10 lacs. Flats have depencency on certain triggers which are missing in most projects presently.

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