Ravi_Kant

Have just joined this forum. I am planing to buy a plot in Kundli with an investment horizon of 5-7 years. Is it a good investment? The options are TDI, Ansals Sushant City and Jindal. Which one do you think is the best option. Look forward to hearing from senior members your valuable thoughts. Will make a visit to Kundli today itself. Kundli is probably the cheapest option in NCR apart from Bhiwadi.

Krazy Yuppie

Bhiwadi or Dharuhera are certainly better than Kundli.Future of Kundli is so so.

Ravi_Kant

visited Kundli today. Plot prices of Ansal's seems to be on higher side at 25K to 30K per sq. yd.

Plots of 250 sq. yds. in TDI, kundli are available at Rs. 12500/- per sq. yd. in some selected blocks (I and J block) although prices in blocks A, B and C are close to Rs. 25000/- per sq. yd.

I am considering investing in I or J block with a horizon of 7-10 years. Is there any better deal in NCR for plots apart from Bhiwadi. Need advice from the senior members.

djvjain

There is literally no other cheaper option plots in NCR than Kundli. Kundli prices are also stuck for a while due to political, infrastructure development, lack of residential feel etc, so I am not sure if they will increase in the future. If they do, then returns will be multi-fold but return/appreciation of past several price doesn't say that. I am reluctant to recommend Kundli to anyone at this point because disposing a property could be very difficult as there are no buyers.

I agree with the other member who says to look towards Bhiwadi and Dharuhera. Area is growing very well and enjoys the proximity of big industrial hubs like Gurgaon and Manesar. Bhiwadi, is infact have self-sustainable industry area which is increasing quite rapidly(new factories of Honda, St Gobain, Auto Clutch etc are some examples).

Ravi_Kant

Thanks very much, Mr. Jain for your thoughts. I am aware of the projects and the plot rates in Bhiwadi. I will greatly appreciate if someone could enlighten me about plot options in Dharuhera.

djvjain

The ones I know in Dharuhera that offer plots are Bestech(close to Rs 20K/sqyds) and M2K(13-15K/sqyds). M2K has lot of complaints against his name, so I am not sure if less price actually makes sense.

Krazy Yuppie

I just came across this news article where a court has ordered an FIR against TDI.

Court orders FIR against real estate firm for fraud -  

New Delhi, Jun 29 (PTI) A Delhi court has ordered police to register an FIR against a real estate firm and its four officials, including its MD, for allegedly cheating two persons who bought commercial plots.
"In view of the allegations raised in the complaint and in view of the status report filed by the investigating officer, I am satisfied that certain cognisable offences are disclosed," Metropolitan Magistrate Sudesh Kumar said.
The court ordered the Station House Officer (SHO) of Barakhamba Road police station to register the FIR against TDI Infrastructure and file a report before it by September 2, the next date of hearing.
The order came on two separate complaints filed by Usha Dhingra and Anil Gupta, director of JMD Procon Pvt Ltd.
Gupta, in his complaint filed through advocate Tarun Rana, said he invested over Rs 26 lakh in a commercial project of the real estate firm in 2006 but it cheated him and till date it has not handed over the plot.
Gupta and Dhingra approached the court after police refused to take any action on their complaints.
TDI Infrastructure had offered to set up an integrated township at Kundli in Haryana, the complainant said. Its managing director Ravinder Kumar Taneja charged him for a plot of 204 square yards but after paying over Rs 26 lakh the complainant came to know that the plot was measuring just 90 square yards.
The complainants said that the project does not even have the statutory clearances from the government.
"The company officials said the Haryana Government was asking for external development charges on a plot of 204 sq.
yards but the EDC was levied on actual size of the plot i.e.
90 sq. yards," the counsel for complainants said.

djvjain

Did you invest in this project, if not then just stay away from it? I don't know, but for some reasons(political or whatever) Kundli area did not appreciate in last 5-7 years. Location, connectivity etc are good, but I am not sure what could be the reason for it. It is satisfactory, even if a property increases by a slow margin but there could be a serious issue if it stays stuck at such a good location for 5+ years.

That is my POV, others might differ.

gagsingh

I am not sure if you guys are aware but in last one month kundli has seen 100% appreciation...plots in the range of 25K sq yard are now selling at 50K..

adit0083

hmm just to update you on the prices i have a plot in J Block and the dealer was asling to sell the plot instantly 18K and addittional 1k if i have the registry..so do it fast rates have increased..dont know if they would rise further from here or not..