135,312+ Members
   Get Started   Today's Posts Search Today's Posts Mark Forums Read
IREF® Real Estate in India - Property Discussion
IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Delhi > 5 floors allowed in delhi
Please see and share our IREF promotional video!
Like Tree2Likes

Reply
 
LinkBack Thread Tools Search this Thread
Old January 12 2012, 12:50 AM   #1
Senior Member
 
Bobbydel's Avatar
 
Join Date: Dec 2011
Location: Delhi/Noida
Posts: 815
Likes Received: 313
Likes Given: 185
My Mood: Amused
Default 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
  Reply With Quote
Old January 12 2012, 06:36 AM   #2
Member
 
Join Date: Jan 2009
Posts: 146
Likes Received: 9
Likes Given: 0
Default 5 floors rumour

Quote:
Originally Posted by Bobbydel View Post
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
  Reply With Quote
Old January 12 2012, 09:28 AM   #3
Veteran Member
 
Join Date: Nov 2010
Posts: 1,906
Likes Received: 179
Likes Given: 346
Default

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.
  Reply With Quote
Old January 12 2012, 09:51 AM   #4
Member
 
Join Date: Dec 2007
Posts: 224
Likes Received: 15
Likes Given: 12
Default

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
  Reply With Quote
Old January 12 2012, 12:16 PM   #5
Member
 
Join Date: Dec 2011
Posts: 149
Likes Received: 44
Likes Given: 53
My Mood: Asleep
Default

do the rights for an extra floor always stay with the guy on the top floor?
  Reply With Quote
Old January 12 2012, 12:24 PM   #6
Member
 
Join Date: Jul 2009
Posts: 162
Likes Received: 34
Likes Given: 27
My Mood: Cheerful
Default

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.
  Reply With Quote
Old January 12 2012, 12:29 PM   #7
 
 
MANOJa's Avatar
 
Join Date: Jul 2010
Posts: 37,805
Likes Received: 3678
Likes Given: 1155
My Mood: Cold
Default

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 ?
matrix_55 likes this.
  Reply With Quote
Old January 12 2012, 12:33 PM   #8
Member
 
Join Date: Jul 2009
Posts: 162
Likes Received: 34
Likes Given: 27
My Mood: Cheerful
Default

http://www.indianrealestateforum.com...ing-23366.html

This is the link for the post on third floor in Delhi.
  Reply With Quote
Old January 12 2012, 12:40 PM   #9
Veteran Member
 
Designer's Avatar
 
Join Date: Jun 2011
Posts: 1,113
Likes Received: 334
Likes Given: 348
My Mood: Relaxed
Icon18 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
  Reply With Quote
Old January 12 2012, 12:45 PM   #10
Senior Member
 
Join Date: Jul 2010
Location: New Delhi
Posts: 825
Likes Received: 131
Likes Given: 5
My Mood: Cheerful
Default

How dose this affect prevailing property prices??
  Reply With Quote
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Join IREF Now!    
Related Threads
Deviation allowed in Apartment
Why is PLC higher for lower floors in Delhi / NCR ?
HIGH FLOORS and LOW FLOORS PREMIUM : OPPOSITE THINKING TO MUMBAI
Delhi's houses set to get taller, can go up to 12 floors
Lower Floors Vs Higher Floors in NOIDA


Tags
5 floors allowed in delhi, allowed, delhi, floors
     

Real Estate in India | Delhi - NCR | Gurgaon | Noida | Greater Noida | Mumbai | Pune | Bangalore | Chennai | Kolkata | Hyderabad | Ahmedabad | Goa
Ghaziabad | Faridabad | Chandigarh | Jaipur | Lucknow | Nagpur | Bhubaneswar | Coimbatore | Indore | Kerala | Surat | Vadodara

Home | About IREF® | Forum Rules | Real Estate Glossary | Terms and Conditions | Copyright Infringement Policy
Copyright © 2006-2014 www.indianrealestateforum.com All Rights Reserved.


".Delhi.", ".Delhi."India