Update on Neharpar per my Yesterday's Visit - Page 5 - Indian Real Estate Forum

**BlessU** · 21-03-12

Quote:

Originally Posted by miketest

Bro,

Got a shocking news today. Well, I do not know about the credibility of source, so if it comes out to be a dud, I should not be help responsible for that.

While inquiring someone about Pratham I was told that Puri Constructions was to use LNT for the Pranayam project but changed their decision later and used other contractors, however they used LNT's drawings, layout plans etc. that were sent with the proposal without their consent. LNT has sued Puri Constructions for some 500 crores and have taken stay on the possession of flats.

Again I am not sure about the credibility of source, but the original buyers in the project can file an RTI to confirm.

Hi
Greetings

Thanks for the share first of all.. Even if not verified the mention of news of PURI being sued by a company like L&T can be really devastating for Puri not only in Faridabad but for their aspirations in DWAY.

Given the fact that Designs and Layouts are copyright property they cannot be used and the proposal submission contains clauses that prohibit the customer from using them without permission.

It would be a good idea to get a clarity on this aspect both from PURI and L&T sources..

Cheers

Ravi_Kant · 21-03-12

Please check the link below.

Larsen And Toubro vs Puri Construction Limited And Ors on 26 November, 2008

The land in question is in Gurgaon, maybe Dwarka expressway.

ajay1000 · 21-03-12

Hi Any idea how is ferros plot in FBD good or avoid for investment

miketest · 21-03-12

Quote:

Originally Posted by Ravi_Kant

Please check the link below.

Larsen And Toubro vs Puri Construction Limited And Ors on 26 November, 2008

The land in question is in Gurgaon, maybe Dwarka expressway.

Yeah then may be what I was told is a hoax.

Thanks for the research brother.

OldBoy · 23-03-12

Hello All,

In 2007, My father bought a flat in Ferrous City Phase I project(Ground Floor + Covered garden so total area is 1600 Sq. Ft.) . Yesterday I opened their website and found that they have revised the rate and the latest is 2500/- per Sq. Ft. Also, we don't have an urgency of selling it immediately. I have few queries for which I need your inputs

- How much premium can I get from my ferrous flat if I plan to sell it within next few months ?
- Should I wait till possession is offered to us as I read in the forum that that will be Sep,2012 ?

My apologies If I confuse you with the next question -
once I get the procession should I put it in rent ?
or
As We live in greenfield in my own builder floor so should I sell the ferrous property and buy another in greenfield and then put it in rent ?(And wait for Faridabad metro to finish I reckon metro will boost the greenfield property rates significantly as compare to ferrous)

I really appreciate if you can answer my above queries.

Thanks..

**BlessU** · 24-03-12

Quote:

Originally Posted by OldBoy

Hello All,

In 2007, My father bought a flat in Ferrous City Phase I project(Ground Floor + Covered garden so total area is 1600 Sq. Ft.) . Yesterday I opened their website and found that they have revised the rate and the latest is 2500/- per Sq. Ft. Also, we don't have an urgency of selling it immediately. I have few queries for which I need your inputs

- How much premium can I get from my ferrous flat if I plan to sell it within next few months ?
- Should I wait till possession is offered to us as I read in the forum that that will be Sep,2012 ?

My apologies If I confuse you with the next question -
once I get the procession should I put it in rent ?
or
As We live in greenfield in my own builder floor so should I sell the ferrous property and buy another in greenfield and then put it in rent ?(And wait for Faridabad metro to finish I reckon metro will boost the greenfield property rates significantly as compare to ferrous)

I really appreciate if you can answer my above queries.

Thanks..

Hi
Greetings

Rohit bhai knows better about Ferrous and BPTP related companies in Neharpar..

May I ask,
Whats your confidence level about possession happening in Sep 12?? If so, would be a promising news!!
Where did you learn about this and whats the current status of construction?

Cheers

dhruvljh · 24-03-12

When I go to faridabad neharpar, it reminds me - water, water every where but not a drop to drink. There are 1,80,000 houses under construction and 640 are offered for possession.

The great BPTP has a very rigid policy of launching 50 projects and than offering possession in one. poor guy is trying hard for 50 projects under its kitty - so far about 30.

missedthebus · 25-03-12

Dear Forum members,

One of my friend's friend has joined BPTP. I asked my friend to ask him about some inside news. Well that guy is of the opinion that BPTP possessions are still a good 12 months away!I didnt clarified if it is for Princess or Grandeura or in general!

Warm regards,
MTB

rohit_warren · 25-03-12

Quote:

Originally Posted by missedthebus

Dear Forum members,

One of my friend's friend has joined BPTP. I asked my friend to ask him about some inside news. Well that guy is of the opinion that BPTP possessions are still a good 12 months away!I didnt clarified if it is for Princess or Grandeura or in general!

Warm regards,
MTB

as per my timeline target of 2013 - not surprised - however you will see the possession in bits and pieces in every quarter starting new FY

rohit

**BlessU** · 25-03-12

Hi
Greetings

I just read somewhere that RBI has instructed all banks to suspend home loans to projects that are under-construction for more than 5 years.

If thats true, then all resale cases looking for loan in BPTP/other projects, now delayed beyond 5yrs, would suffer in the absence of home loans for resale customers..

Does anyone have more information on this??

Cheers

23-03-12	#45
OldBoy New Member Join Date: Mar 2012 Posts: 10 Likes Received: 1 Likes Given: 4	Ferrous City Phase I project Hello All, In 2007, My father bought a flat in Ferrous City Phase I project(Ground Floor + Covered garden so total area is 1600 Sq. Ft.) . Yesterday I opened their website and found that they have revised the rate and the latest is 2500/- per Sq. Ft. Also, we don't have an urgency of selling it immediately. I have few queries for which I need your inputs - How much premium can I get from my ferrous flat if I plan to sell it within next few months ? - Should I wait till possession is offered to us as I read in the forum that that will be Sep,2012 ? My apologies If I confuse you with the next question - once I get the procession should I put it in rent ? or As We live in greenfield in my own builder floor so should I sell the ferrous property and buy another in greenfield and then put it in rent ?(And wait for Faridabad metro to finish I reckon metro will boost the greenfield property rates significantly as compare to ferrous) I really appreciate if you can answer my above queries. Thanks..

25-03-12	#48
missedthebus Member Join Date: Feb 2012 Posts: 179 Likes Received: 123 Likes Given: 48	Dear Forum members, One of my friend's friend has joined BPTP. I asked my friend to ask him about some inside news. Well that guy is of the opinion that BPTP possessions are still a good 12 months away!I didnt clarified if it is for Princess or Grandeura or in general! Warm regards, MTB kmukesh likes this. __________________ Great Demand and limited supply doesnt means that one will pay any price

25-03-12	#50
BlessU Senior Moderator Join Date: Apr 2011 Posts: 7,612 Likes Received: 2655 Likes Given: 2433 My Mood:	RBI restricts Home loans to Projects under construction above 5years Hi Greetings I just read somewhere that RBI has instructed all banks to suspend home loans to projects that are under-construction for more than 5 years. If thats true, then all resale cases looking for loan in BPTP/other projects, now delayed beyond 5yrs, would suffer in the absence of home loans for resale customers.. Does anyone have more information on this?? Cheers MY NEST likes this.

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

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
SPR (Sec 69,70,71,72,73) - Site Visit	amit001	Gurgaon	56	07-04-13 02:52 PM
Projects that I visited last week/weekend/yesterday	thatsnick001	Pune	80	12-01-12 02:58 PM
Chaos In MGF Office , Shravan Gupta grilled yesterday ???	BEWOLF	Gurgaon	9	02-06-11 12:24 PM
Program on RE prices yesterday on CNBC Awaz	punehomes	Pune	2	27-07-10 07:52 PM
Projects that I visited last week/weekend/yesterday	thatsnick001	Pune	0	21-09-09 03:10 PM

21-03-12	#42
Ravi_Kant Member Join Date: Jun 2011 Posts: 203 Likes Received: 37 Likes Given: 15 My Mood:	Please check the link below. Larsen And Toubro vs Puri Construction Limited And Ors on 26 November, 2008 The land in question is in Gurgaon, maybe Dwarka expressway.

21-03-12	#43
ajay1000 New Member Join Date: May 2011 Posts: 45 Likes Received: 1 Likes Given: 10 My Mood:	Hi Any idea how is ferros plot in FBD good or avoid for investment

24-03-12	#47
dhruvljh BANNED Join Date: Mar 2012 Location: DLF Phase I, Gurgaon Posts: 84 Likes Received: 2 Likes Given: 0 My Mood:	When I go to faridabad neharpar, it reminds me - water, water every where but not a drop to drink. There are 1,80,000 houses under construction and 640 are offered for possession. The great BPTP has a very rigid policy of launching 50 projects and than offering possession in one. poor guy is trying hard for 50 projects under its kitty - so far about 30.