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Old September 9 2010, 12:53 PM   #1
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Default Real Estate in Greater Faridabad - Property Prospects, Investment, Projects

Hi,

I am an end user and planning to buy a property in Greater Faridabad - 2BHK in BPTP Princess Park at Nehar Par.

We all know that there is big concern about its external infrastructure ( HUDA- farmer conflict) but sooner or later HUDA will have to resolve this issue. In a worst case scenario, if it doesn't get resolved in 2 years, then would it really be possible/feasible to live in Greater Faridabad?

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Princess Park by Bptp Builders: Princess Park is BPTP first group housing project in Parklands. Nearing completion, the project offers a variety of facilities at an unmatched value proposition. As a part of Parklands, Princess Park residents are guaranteed security, comfort and access to all necessary amenities. It is well located, enjoys great connectivity and is in close proximity to existing social and physical infrastructure. Spread over 17.97 acres of land, the Princess Park towers are surrounded by landscaped green areas to ensure pleasing views for its residents. The project features a recreational club, swimming pool, 100% power back-up, and 24x7 security.

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Old September 9 2010, 01:07 PM   #2
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Quote:
Originally Posted by bhuvnesh Kumar View Post
Hi,

i am planning to but 2bhk in BPTP princess park at nehar par. we all know that there is big concern about its external infrastructure ( HUDA- farmer conflict) but sooner or later HUDA will have to resolve this issue. but taking the worst if it didnt get resolved in coming 2 years, Would it be possible/feasible for live there ? i am buying it as enduser.
Avoid BPTP...

Don't know much about Faridabad...but I have come across a good builder Ackruti city project which is FDI funded and have No EMI scheme available on the project.
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Old September 9 2010, 01:20 PM   #3
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Then which project i should trust ? i only want to buy at neharpar , i visited the site month ago . BPTP's construction is in full swing . it seems that they will provide possession in last of this year.
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Old September 10 2010, 04:41 PM   #4
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Quote:
Originally Posted by bhuvnesh Kumar View Post
Hi,

i am planning to but 2bhk in BPTP princess park at nehar par. we all know that there is big concern about its external infrastructure ( HUDA- farmer conflict) but sooner or later HUDA will have to resolve this issue. but taking the worst if it didnt get resolved in coming 2 years, Would it be possible/feasible for live there ? i am buying it as enduser.
Taking 100% negative view on External infrastructure development in Faridabad Neharpar, it depends on project to project. Some projects which are close to existing road like BPTP, Omaxe can still be livable.
Another angle to this is that if builders are developing the projects in all that area, then for how long villagers can hold back the land to develop sector roads between sectors. Today or tomorrow sector roads have to be developed. What villagers will do with their land when on both sides you already have high rise apartments. I believe this is geneal case and it always takes time.
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Old September 10 2010, 04:47 PM   #5
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Quote:
Originally Posted by bhuvnesh Kumar View Post
Hi,

i am planning to but 2bhk in BPTP princess park at nehar par. we all know that there is big concern about its external infrastructure ( HUDA- farmer conflict) but sooner or later HUDA will have to resolve this issue. but taking the worst if it didnt get resolved in coming 2 years, Would it be possible/feasible for live there ? i am buying it as enduser.

Go 4 Omaxe Height if you are Enduser . 2BHK are near possession . Do not even dream of buying BPTP ....
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Old September 10 2010, 05:03 PM   #6
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Quote:
Originally Posted by bhuvnesh Kumar View Post
Hi,

i am planning to but 2bhk in BPTP princess park at nehar par. we all know that there is big concern about its external infrastructure ( HUDA- farmer conflict) but sooner or later HUDA will have to resolve this issue. but taking the worst if it didnt get resolved in coming 2 years, Would it be possible/feasible for live there ? i am buying it as enduser.


I had a flat in BPTP Park Elite Premium but I sold it off cuz I was not very convinced that I can see a good turn around in near future(2-3 years). Only if you have a time horizon for 5+ years then it can be fine.

I believe Nehar Par area will take atleast 5 years down the line to be a place for living. Also during the coming 5 years I do not see great price appreciation.

It would be better to purchase a flat in Nehar Par only after all the Internal + External development will take place. Untill then there is only one question about WHEN WILL THINGS HAPPEN IN NEHAR PAR?
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Old September 10 2010, 05:12 PM   #7
 
 
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This area would take 8 years and + , to give any sort of decent returns.


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Originally Posted by gagstuffs View Post
I had a flat in BPTP Park Elite Premium but I sold it off cuz I was not very convinced that I can see a good turn around in near future(2-3 years). Only if you have a time horizon for 5+ years then it can be fine.

I believe Nehar Par area will take atleast 5 years down the line to be a place for living. Also during the coming 5 years I do not see great price appreciation.

It would be better to purchase a flat in Nehar Par only after all the Internal + External development will take place. Untill then there is only one question about WHEN WILL THINGS HAPPEN IN NEHAR PAR?
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Old September 11 2010, 11:08 AM   #8
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Quote:
Originally Posted by gagstuffs View Post
I had a flat in BPTP Park Elite Premium but I sold it off cuz I was not very convinced that I can see a good turn around in near future(2-3 years). Only if you have a time horizon for 5+ years then it can be fine.

I believe Nehar Par area will take atleast 5 years down the line to be a place for living. Also during the coming 5 years I do not see great price appreciation.

It would be better to purchase a flat in Nehar Par only after all the Internal + External development will take place. Untill then there is only one question about WHEN WILL THINGS HAPPEN IN NEHAR PAR?
Well i am not completely agree with your point , farmers are on hunger strike and HUDA has declared their values for land acquisition, So sooner or later this will work for farmers or they have to settle with the offered values.Eventually it will be in our favor because now its been a long time that this dispute is on the leaky boat.
Second point is slowly and gradually people will move to have possession there, So it will also a good sign and also current connectivity will be enough of few users.

So buying in current rate (1400 psf) will be good investment for both end user or investor So patience is required there.
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Old September 11 2010, 03:18 PM   #9
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Originally Posted by bhuvnesh Kumar View Post
Well i am not completely agree with your point , farmers are on hunger strike and HUDA has declared their values for land acquisition, So sooner or later this will work for farmers or they have to settle with the offered values.Eventually it will be in our favor because now its been a long time that this dispute is on the leaky boat.
Second point is slowly and gradually people will move to have possession there, So it will also a good sign and also current connectivity will be enough of few users.

So buying in current rate (1400 psf) will be good investment for both end user or investor So patience is required there.
I do agree to some extent with Bhuvnesh...
1) all new township, new areas take time to develop
2) what was Gurgaon and Noida 10 yrs back, even till last year there was no connectivity with Gurgaon...
3) it is general practice in India (specially North India), first people start living in the area and then development follows then
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Old September 11 2010, 09:23 PM   #10
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Is Rs. 1400 all inclusive rate for near complete flats in this area ? Seems attractive for long term investment or end user with low budget.
What is current rate going on in near completion projects ?
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