5 floors allowed in delhi - Indian Real Estate Forum

Bobbydel · 12-01-12

I was sitting with a friend today who is a broker in noida. He told me that one of his clients has received news that 5 floors will be soon allowed in delhi and his investors group has started investing in top floors in south delhi areas where they can get top floor with roof rights. He says they are very hopeful for this approval and are specially buying top floors with roof rights in lal dora areas like arjun nagar/ krishna nagar / humayunpur - all close to safdarjung enclave. Once the approvals in place they will add floors on the terrace .
Apparently these places fetch excellent rentals for investors. He said that a standard 2 bhk in 60 yards costs 40 L on ground floor, 30 L on top floor and if furnished then gets a rent of 20 k even on top floor. He said you can buy a 2 bhk with roof rights in 35-38 L in that area. They plan to add a floor as soon as approval comes ( if it comes )

Do you think 5 flloors can be allowed in near future or does it seem to be a rumour ? Has anybody heard a similar news or rumour ?

worried1 · 12-01-12

Quote:

Originally Posted by Bobbydel

I was sitting with a friend today who is a broker in noida. He told me that one of his clients has received news that 5 floors will be soon allowed in delhi and his investors group has started investing in top floors in south delhi areas where they can get top floor with roof rights. He says they are very hopeful for this approval and are specially buying top floors with roof rights in lal dora areas like arjun nagar/ krishna nagar / humayunpur - all close to safdarjung enclave. Once the approvals in place they will add floors on the terrace .
Apparently these places fetch excellent rentals for investors. He said that a standard 2 bhk in 60 yards costs 40 L on ground floor, 30 L on top floor and if furnished then gets a rent of 20 k even on top floor. He said you can buy a 2 bhk with roof rights in 35-38 L in that area. They plan to add a floor as soon as approval comes ( if it comes )

Do you think 5 flloors can be allowed in near future or does it seem to be a rumour ? Has anybody heard a similar news or rumour ?

due to prking issues this will not be allowed. Even for 4 floors you need parking stilts

djvjain · 12-01-12

You never know, this could get approved. Again, rumors are always rumors as I am hearing the same about Haryana for 3rd floor, but it never got sanctioned in last 10 years.

sharmafire · 12-01-12

See that floors are also linked to the max height that a private builder can make without approval from many other authorites and that height is 15 meters. If someone can make that within 15 meters height OK but practically this is not possible as this 15 meter is grom ground to top brick or even base of the water tank

Amitau · 12-01-12

do the rights for an extra floor always stay with the guy on the top floor?

nitsethi · 12-01-12

As I have read in some thread in this forum that even the third floor decision in Delhi is pending the Supreme Court approval,so to think of this is going little overboard at the monent.

MANOJa · 12-01-12

Nothing heard on approval or approval in pipe line of 5 floors to be allowed in Delhi .

Could this be an trump card the present local Govt. is keeping under wraps, maybe to be announced before the next elections ?

nitsethi · 12-01-12

Future of third floors hangs on SC ruling

This is the link for the post on third floor in Delhi.

Designer · 12-01-12

Consequences of allowing the construction of 5th floor will be drastic, what about the safety of these upgraded building. In most of the cases present buildings are safe up to 3rd floor only because they were never designed for taking the load of 4th or 5th floor.

Even if adding 5th floor is in government’s pipeline it must not be allowed for old buildings. It should be strictly allow for construction of new buildings only.

One option for old buildings to upgrade it in to 5th floor is to get certified by a licensed Structural Engineer but we all know how authentic that certification will be.

deeprupani · 12-01-12

How dose this affect prevailing property prices??

12-01-12	#1
Bobbydel Member Join Date: Dec 2011 Location: Delhi Posts: 497 Thanks: 94 Thanked 123 Times in 60 Posts	5 floors allowed in delhi I was sitting with a friend today who is a broker in noida. He told me that one of his clients has received news that 5 floors will be soon allowed in delhi and his investors group has started investing in top floors in south delhi areas where they can get top floor with roof rights. He says they are very hopeful for this approval and are specially buying top floors with roof rights in lal dora areas like arjun nagar/ krishna nagar / humayunpur - all close to safdarjung enclave. Once the approvals in place they will add floors on the terrace . Apparently these places fetch excellent rentals for investors. He said that a standard 2 bhk in 60 yards costs 40 L on ground floor, 30 L on top floor and if furnished then gets a rent of 20 k even on top floor. He said you can buy a 2 bhk with roof rights in 35-38 L in that area. They plan to add a floor as soon as approval comes ( if it comes ) Do you think 5 flloors can be allowed in near future or does it seem to be a rumour ? Has anybody heard a similar news or rumour ? __________________ If thou wilt make a happy man, add not unto his riches but take away from his desires

12-01-12	#9
Designer Senior Member Join Date: Jun 2011 Location: Everywhere Posts: 590 My Mood: Thanks: 210 Thanked 161 Times in 87 Posts	Consequences of allowing the construction of 5th floor Consequences of allowing the construction of 5th floor will be drastic, what about the safety of these upgraded building. In most of the cases present buildings are safe up to 3rd floor only because they were never designed for taking the load of 4th or 5th floor. Even if adding 5th floor is in government’s pipeline it must not be allowed for old buildings. It should be strictly allow for construction of new buildings only. One option for old buildings to upgrade it in to 5th floor is to get certified by a licensed Structural Engineer but we all know how authentic that certification will be. __________________ __________________________________________________ __________ It is better to be blind than to see things from only one point of view Last edited by Designer; 12-01-12 at 12:42 PM.

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12-01-12	#3
djvjain Veteran Member Join Date: Nov 2010 Posts: 1,264 Thanks: 63 Thanked 52 Times in 44 Posts	You never know, this could get approved. Again, rumors are always rumors as I am hearing the same about Haryana for 3rd floor, but it never got sanctioned in last 10 years.

12-01-12	#4
sharmafire Member Join Date: Dec 2007 Posts: 199 Thanks: 5 Thanked 8 Times in 7 Posts	See that floors are also linked to the max height that a private builder can make without approval from many other authorites and that height is 15 meters. If someone can make that within 15 meters height OK but practically this is not possible as this 15 meter is grom ground to top brick or even base of the water tank

12-01-12	#5
Amitau New Member Join Date: Dec 2011 Posts: 29 Thanks: 4 Thanked 9 Times in 7 Posts	do the rights for an extra floor always stay with the guy on the top floor?

12-01-12	#6
nitsethi New Member Join Date: Jul 2009 Posts: 25 My Mood: Thanks: 3 Thanked 3 Times in 2 Posts	As I have read in some thread in this forum that even the third floor decision in Delhi is pending the Supreme Court approval,so to think of this is going little overboard at the monent.

12-01-12	#7
MANOJa Moderator Join Date: Jul 2010 Location: Shimla Posts: 15,706 My Mood: Thanks: 581 Thanked 1,171 Times in 885 Posts	Nothing heard on approval or approval in pipe line of 5 floors to be allowed in Delhi . Could this be an trump card the present local Govt. is keeping under wraps, maybe to be announced before the next elections ?

12-01-12	#10
deeprupani Member Join Date: Jul 2010 Location: New Delhi Posts: 366 My Mood: Thanks: 1 Thanked 55 Times in 33 Posts	How dose this affect prevailing property prices??