Ferrous Sports City sector 70 faridabad - Indian Real Estate Forum

sgipec · 03-11-11

How is this for investment purpose, for 3-4 years.

Fellow members please advice, I am reviewing this bcoz looking for an investment in plot with minimal upfront payment. It seems to be expensive in comaprison to BPTP and others plot but here upfron payment is less. In BPTP or others you hv to pay premium + around 90% of payment.

Is this capable of giving good ROI?

Ferrous Sports City Town Ship in Sector 70, Faridabad

Detail:-

Sector : 70, Ferrous Sports City

Area : 200, 250, 300, 500, 1000 Sq. Yd.

Land Area : 150 Acres

Location: Next to 2000 Acre I.M.T ( Industrial Model Town ) being developed by Huda

Near To NTPC “Power House”

Landmark: Opposite to HUDA Sector 2

Advance : ~10% of BSP

Features & Facilities : 1. Will rope in leading sports personality to set up a tennis and a Cricket Academy
2. One Lacs Sq feet club facility the first of its kind in Faridabad
3. A 9 hole golf club
4. World renowned Architectural firm foster U.K designing the Township
5. 3KMs from existing Sector 15 where the price of plot is Rs1,10,000 per sq yard
6. Connectivity from existing 6 lane highway

Possession: Within 24 Month

Project Type: Free Hold Residential Plots

Company Booking : Open ( Soft Launch )

Launching Rate : Rs 23,000/- Per Sq. Yd.

License / LOI : Obtained Shortly

Payment Plan : [ I ] Development Link Payment Plan ( 2 Years )
[ II ] Down Payment Plan
Soft Launch Rate :-

S. NO. Unit Area Launch Rate Soft Launch Rate BSP Booking Amount

1 200 Rs.23000/- Rs. 21000/- Rs. 42,00,000/- 4 Lacs
2 250 Rs.23000/- Rs. 21000/- Rs. 52,50,000/- 5 Lacs
3 300 Rs.23000/- Rs. 21000/- Rs. 63,00,000/- 6 Lacs
4 350 Rs.23000/- Rs. 21000/- Rs.73,50,000/- 7 Lacs
5 500 Rs.23000/- Rs. 21000/- Rs.1,05,00,000/- 8 Lacs

Note : Development Charges , PLC, Maintenance Charges … are Extra.

cookie · 03-11-11

Honestly ,I don't believe the ability and credibility of this Builder

sgipec · 03-11-11

Thank you for your advice Cookie, that is what I am exactly looking for "How safe is this investment".

Quote:

Originally Posted by cookie

Honestly ,I don't believe the ability and credibility of this Builder

ThePunjabi · 03-11-11

Ferrous was a partner with Triveni a few years back. They separated sometime in 2006 or 2007. Before seperating these builders pre-launched plots around 2005 end and early 2006. No one ever got a plot from these builders against the older bookings. I am aware of the status only upto last year. Many of the customers who were holding parchis of plot has registered complaints with Delhi police against Triveni and were looking for refund through Delhi High court.

Triveni as you may already know has failed to complete its projects in Faridabad and now a committee appointed by Delhi High Court has taken over the operations of the company and is trying to complete some towers in one project and sell assets of the company to refund the money to other investors as well as banks.

I have seen that Ferrous is tying to complete its projects but I don't trust this builder due to its past association with Triveni.

If you do decide to book the plot in Ferrous, then make sure to that they have a valid license for plots before giving a cheque.

Remember the basic rule: If it seems too good to be true, it probably is.

BlessU · 04-11-11

Quote:

Originally Posted by ThePunjabi

Ferrous was a partner with Triveni a few years back. They separated sometime in 2006 or 2007. Before seperating these builders pre-launched plots around 2005 end and early 2006. No one ever got a plot from these builders against the older bookings. I am aware of the status only upto last year. Many of the customers who were holding parchis of plot has registered complaints with Delhi police against Triveni and were looking for refund through Delhi High court.

Triveni as you may already know has failed to complete its projects in Faridabad and now a committee appointed by Delhi High Court has taken over the operations of the company and is trying to complete some towers in one project and sell assets of the company to refund the money to other investors as well as banks.

I have seen that Ferrous is tying to complete its projects but I don't trust this builder due to its past association with Triveni.

If you do decide to book the plot in Ferrous, then make sure to that they have a valid license for plots before giving a cheque.

Remember the basic rule: If it seems too good to be true, it probably is.

Hi
greetings

u seemed to have tracked quiet a bit of this history.. I am glad about the information you keep track of.. i just wanted to add a similar version of the same..

please all investing make sure all the papers, mapping, licence, ec are in order.. Be sure of the EDC probably being highest in haryana.

If you have to buy something take a look at BPTP Parkland plots available around 25000... most of the township is complete and few plots also available for registry with loan

Cheers

rkg007 · 04-11-11

Ferrous city project in neharpar progress is far better then other builder. They are going to give possession shortly.

BlessU · 04-11-11

Quote:

Originally Posted by rkg007

Ferrous city project in neharpar progress is far better then other builder. They are going to give possession shortly.

Hi
Greetings

Sorry I was not aware of that.. can we have current going rates, link to website and photographs of the project please..Condition of construction, status, internal and external finishing status etc..

Does it have any suitable approach to connect to bye pass or NH2?

Your help shall be appreciated

Cheers

BlessU · 04-11-11

Hi
Greetings

Just checked on website it says "Construction near completion.." Can anybody elaborate please

:: Welcome to Ferrous Group ::

Honestly location is not bad (once roads come up and flow is smooth to NH2 and Expressway..
:: Welcome to Ferrous Group :: Proposed Mega City Site Map

Only thing is our CM who wields the two departments responsible for development need to show the blessings on this area.
Still access is there an hopefully since it is a township, they can have a Effluent Treatment for sewerage and permission to dump solid wastes
Internal Roads,
Permission for electricity and own generation
own OHT for water supply till available through municipal corporation

And slowly things can move ahead.. But instrumental is possession so that people start living there

Cheers

Cheers

hjindal · 14-11-11

Hi is this location nehrpar or in faridabad itself??

how good is the location?? and what would be the expected price??

also somebody knows about the land acquisition :p

ajay1000 · 04-02-12

Hi
Hi
Any one invested in this project
Ajay

Quote:

Originally Posted by sgipec

How is this for investment purpose, for 3-4 years.

Fellow members please advice, I am reviewing this bcoz looking for an investment in plot with minimal upfront payment. It seems to be expensive in comaprison to BPTP and others plot but here upfron payment is less. In BPTP or others you hv to pay premium + around 90% of payment.

Is this capable of giving good ROI?

Ferrous Sports City Town Ship in Sector 70, Faridabad

Detail:-

Sector : 70, Ferrous Sports City

Area : 200, 250, 300, 500, 1000 Sq. Yd.

Land Area : 150 Acres

Location: Next to 2000 Acre I.M.T ( Industrial Model Town ) being developed by Huda

Near To NTPC “Power House”

Landmark: Opposite to HUDA Sector 2

Advance : ~10% of BSP

Features & Facilities : 1. Will rope in leading sports personality to set up a tennis and a Cricket Academy
2. One Lacs Sq feet club facility the first of its kind in Faridabad
3. A 9 hole golf club
4. World renowned Architectural firm foster U.K designing the Township
5. 3KMs from existing Sector 15 where the price of plot is Rs1,10,000 per sq yard
6. Connectivity from existing 6 lane highway

Possession: Within 24 Month

Project Type: Free Hold Residential Plots

Company Booking : Open ( Soft Launch )

Launching Rate : Rs 23,000/- Per Sq. Yd.

License / LOI : Obtained Shortly

Payment Plan : [ I ] Development Link Payment Plan ( 2 Years )
[ II ] Down Payment Plan
Soft Launch Rate :-

S. NO. Unit Area Launch Rate Soft Launch Rate BSP Booking Amount

1 200 Rs.23000/- Rs. 21000/- Rs. 42,00,000/- 4 Lacs
2 250 Rs.23000/- Rs. 21000/- Rs. 52,50,000/- 5 Lacs
3 300 Rs.23000/- Rs. 21000/- Rs. 63,00,000/- 6 Lacs
4 350 Rs.23000/- Rs. 21000/- Rs.73,50,000/- 7 Lacs
5 500 Rs.23000/- Rs. 21000/- Rs.1,05,00,000/- 8 Lacs

Note : Development Charges , PLC, Maintenance Charges … are Extra.

03-11-11	#1
sgipec Member Join Date: Apr 2011 Posts: 83 My Mood: Thanks: 7 Thanked 12 Times in 4 Posts	Ferrous Sports City sector 70 faridabad How is this for investment purpose, for 3-4 years. Fellow members please advice, I am reviewing this bcoz looking for an investment in plot with minimal upfront payment. It seems to be expensive in comaprison to BPTP and others plot but here upfron payment is less. In BPTP or others you hv to pay premium + around 90% of payment. Is this capable of giving good ROI? Ferrous Sports City Town Ship in Sector 70, Faridabad Detail:- Sector : 70, Ferrous Sports City Area : 200, 250, 300, 500, 1000 Sq. Yd. Land Area : 150 Acres Location: Next to 2000 Acre I.M.T ( Industrial Model Town ) being developed by Huda Near To NTPC “Power House” Landmark: Opposite to HUDA Sector 2 Advance : ~10% of BSP Features & Facilities : 1. Will rope in leading sports personality to set up a tennis and a Cricket Academy 2. One Lacs Sq feet club facility the first of its kind in Faridabad 3. A 9 hole golf club 4. World renowned Architectural firm foster U.K designing the Township 5. 3KMs from existing Sector 15 where the price of plot is Rs1,10,000 per sq yard 6. Connectivity from existing 6 lane highway Possession: Within 24 Month Project Type: Free Hold Residential Plots Company Booking : Open ( Soft Launch ) Launching Rate : Rs 23,000/- Per Sq. Yd. License / LOI : Obtained Shortly Payment Plan : [ I ] Development Link Payment Plan ( 2 Years ) [ II ] Down Payment Plan Soft Launch Rate :- S. NO. Unit Area Launch Rate Soft Launch Rate BSP Booking Amount 1 200 Rs.23000/- Rs. 21000/- Rs. 42,00,000/- 4 Lacs 2 250 Rs.23000/- Rs. 21000/- Rs. 52,50,000/- 5 Lacs 3 300 Rs.23000/- Rs. 21000/- Rs. 63,00,000/- 6 Lacs 4 350 Rs.23000/- Rs. 21000/- Rs.73,50,000/- 7 Lacs 5 500 Rs.23000/- Rs. 21000/- Rs.1,05,00,000/- 8 Lacs Note : Development Charges , PLC, Maintenance Charges … are Extra.

03-11-11	#2
cookie Veteran Member Join Date: Dec 2010 Location: Another World Posts: 4,774 My Mood: Thanks: 346 Thanked 361 Times in 281 Posts	Honestly ,I don't believe the ability and credibility of this Builder __________________ Thanks

03-11-11	#4
ThePunjabi Senior Member Join Date: Mar 2011 Posts: 858 Thanks: 43 Thanked 93 Times in 49 Posts	Ferrous was a partner with Triveni a few years back. They separated sometime in 2006 or 2007. Before seperating these builders pre-launched plots around 2005 end and early 2006. No one ever got a plot from these builders against the older bookings. I am aware of the status only upto last year. Many of the customers who were holding parchis of plot has registered complaints with Delhi police against Triveni and were looking for refund through Delhi High court. Triveni as you may already know has failed to complete its projects in Faridabad and now a committee appointed by Delhi High Court has taken over the operations of the company and is trying to complete some towers in one project and sell assets of the company to refund the money to other investors as well as banks. I have seen that Ferrous is tying to complete its projects but I don't trust this builder due to its past association with Triveni. If you do decide to book the plot in Ferrous, then make sure to that they have a valid license for plots before giving a cheque. Remember the basic rule: If it seems too good to be true, it probably is. Last edited by ThePunjabi; 03-11-11 at 07:52 PM.

04-11-11	#8
BlessU Moderator Join Date: Apr 2011 Posts: 3,612 My Mood: Thanks: 718 Thanked 941 Times in 520 Posts	Good location, near completion, no development Hi Greetings Just checked on website it says "Construction near completion.." Can anybody elaborate please :: Welcome to Ferrous Group :: Honestly location is not bad (once roads come up and flow is smooth to NH2 and Expressway.. :: Welcome to Ferrous Group :: Proposed Mega City Site Map Only thing is our CM who wields the two departments responsible for development need to show the blessings on this area. Still access is there an hopefully since it is a township, they can have a Effluent Treatment for sewerage and permission to dump solid wastes Internal Roads, Permission for electricity and own generation own OHT for water supply till available through municipal corporation And slowly things can move ahead.. But instrumental is possession so that people start living there Cheers Cheers

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

04-11-11	#6
rkg007 New Member Join Date: Oct 2011 Posts: 17 Thanks: 0 Thanked 0 Times in 0 Posts	Ferrous city project in neharpar progress is far better then other builder. They are going to give possession shortly.

14-11-11	#9
hjindal Member Join Date: Jan 2010 Posts: 90 My Mood: Thanks: 0 Thanked 5 Times in 3 Posts	Hi is this location nehrpar or in faridabad itself?? how good is the location?? and what would be the expected price?? also somebody knows about the land acquisition :p

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
3c vs Logix vs Wave city vs JP Sports City vs Amiara Great Value on Yamuna Expway	sagit_amit	Noida	1	09-05-11 03:44 AM
Sports and leisure city in sector 152:impact on existing projects on EWay	ajit_ponds	Noida	2	06-05-11 04:48 PM
Sports City Sector 78	prashant004	Noida	3	03-03-11 08:31 PM
Noida Sports City	gat_prakash	Noida	0	26-02-10 09:03 AM
Ferrous - Independent floors Sector 89 Faridabad / Beverely Homes	Rajiv2308	Faridabad	0	31-10-09 12:45 PM