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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Sunday, December 12, 2010
Tuesday, December 7, 2010
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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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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Tuesday, November 9, 2010
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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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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Tuesday, October 26, 2010
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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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.
For more queries on BPTP Princess Park Faridabad check out
http://www.indiaspaces.com/blogquestion.aspx?qid=55&cmtid=23141
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Wednesday, October 20, 2010
Greater Faridabad Neher Paar Possession Delays
Posted by Amandeep (India) on Indiaspaces.com 20 Oct 2010
I am not surprised if the BPTP Princess Park Faridabad possession gets delayed by another 3 months. Don't you think BPTP has become a joke in the market? It's just harrassing it's customers and nothing else.
Reply by Jeetender Gupta, Indiaspaces.com
Three leading developers prelaunched their projects more or less at the same time - Rps Savana, Omaxe Heights and Bptp princess park. All three had possession due also at the same time. They are all sailing in the same boat. And most others including smaller developers had possession due in 2010. Except grandeura not one has offered possession. Bptp still remains the only developer in neher par to have actually offered possession for some plots and flats. Coming back to project, as much as i hear, there were some issues with the contractors which seem to have resolved and work is back on track. I see no intentions of them not delivering or investment not safe. But all projects of most developers seem to be now heading for 2011 possession. And with the state of external infrastructure, i feel that people would be more restless post possession than they are now impatient for possession.
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I am not surprised if the BPTP Princess Park Faridabad possession gets delayed by another 3 months. Don't you think BPTP has become a joke in the market? It's just harrassing it's customers and nothing else.
Reply by Jeetender Gupta, Indiaspaces.com
Three leading developers prelaunched their projects more or less at the same time - Rps Savana, Omaxe Heights and Bptp princess park. All three had possession due also at the same time. They are all sailing in the same boat. And most others including smaller developers had possession due in 2010. Except grandeura not one has offered possession. Bptp still remains the only developer in neher par to have actually offered possession for some plots and flats. Coming back to project, as much as i hear, there were some issues with the contractors which seem to have resolved and work is back on track. I see no intentions of them not delivering or investment not safe. But all projects of most developers seem to be now heading for 2011 possession. And with the state of external infrastructure, i feel that people would be more restless post possession than they are now impatient for possession.
For more queries on BPTP Princess Park Faridabad check out
http://www.indiaspaces.com/blogquestion.aspx?qid=59&cmtid=23088
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Tuesday, October 19, 2010
Omaxe Hills Faridabad Prospects Progress & Prices
Omaxe Hills Surajkund Faridabad
Posted by naveen arora (United Kingdom) on Indiaspaces.com 19 Oct 2010
Could you please update us on the construction status of Omaxe Hills. I have got a flat in Richmond Tower. Also an idea about the selling price will be much appreciated.
Reply by Jeetender Gupta, CEO, Indiaspaces.com
prices are all time high. 3500 psf would be realistic price. demands could be even more. would not have tower level status but otherwise progress at site looks satisfactory.
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Posted by naveen arora (United Kingdom) on Indiaspaces.com 19 Oct 2010
Could you please update us on the construction status of Omaxe Hills. I have got a flat in Richmond Tower. Also an idea about the selling price will be much appreciated.
Reply by Jeetender Gupta, CEO, Indiaspaces.com
prices are all time high. 3500 psf would be realistic price. demands could be even more. would not have tower level status but otherwise progress at site looks satisfactory.
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Monday, October 18, 2010
Greater Noida High Rise Prospects
Query by Ranjan Mohapatra (17 Oct 2010) on Indiaspaces.com
I have booked a flat in this project (OMAXE ORCHID AVENUE) in 930 sqft. ( 2bhk) ground floor. I have taken it purely for investment and hold it for max a year. Do you have any update ragarding the project and also do you think this project will give a good value appreciation? How are the projects in Sector MU or in nearby sectors priced? What is the prospect for resale in this area?
Reply by Jeetender Gupta, Indiaspaces.com
Prospects in any area are dependent on consumption pattern in the region. Greater Noida occupancy levels and consumption rate from enduser point of view are not too high presently. Else i see no reasons why developers had to reduce prices in this region while prices are improving in all other areas. It was over rated and now at reduced prices it still looks better. But you need good holding capacity for this belt. Not suited for short term speculators. People who invested in this region few years back including omaxe palm greens mu sector are still waiting for the day when they can see an at par liquidity, leave aside appreciation.
For more/new queries : http://www.indiaspaces.com/opinions.aspx
I have booked a flat in this project (OMAXE ORCHID AVENUE) in 930 sqft. ( 2bhk) ground floor. I have taken it purely for investment and hold it for max a year. Do you have any update ragarding the project and also do you think this project will give a good value appreciation? How are the projects in Sector MU or in nearby sectors priced? What is the prospect for resale in this area?
Reply by Jeetender Gupta, Indiaspaces.com
Prospects in any area are dependent on consumption pattern in the region. Greater Noida occupancy levels and consumption rate from enduser point of view are not too high presently. Else i see no reasons why developers had to reduce prices in this region while prices are improving in all other areas. It was over rated and now at reduced prices it still looks better. But you need good holding capacity for this belt. Not suited for short term speculators. People who invested in this region few years back including omaxe palm greens mu sector are still waiting for the day when they can see an at par liquidity, leave aside appreciation.
For more/new queries : http://www.indiaspaces.com/opinions.aspx
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