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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Faridabad > RPS SAVANA, Sector 88, Faridabad by RPS Group
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Old April 10 2012, 02:26 AM   #1
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Default RPS SAVANA, Sector 88, Faridabad by RPS Group

Dear All,
I have 3+1 BHK in RPS Savana project. My booking price is 1825 Rs. Can you please advice whether to keep it or resale it as currently I am hardly getting any premium on it.

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Savana Group Housing spread over an area of 49.018 acres which is situated at Sector 88, Greater Faridabad. This Housing Project is strategically designed for convenience and comfort of its inhabitants. The location of Savana is absolutely perfect. The Project is inspired by nature with 85% greenery all around these apartments and 15 % concrete only. Thus, Savana is an up market residential project that incorporates an elegant blend of serene environment and the most contemporary building design offering a choice of apartments and pent houses

 
Old April 10 2012, 08:30 AM   #2
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Originally Posted by indiawasi View Post
Dear All,
I have 3+1 BHK in RPS Savana project. My booking price is 1825 Rs. Can you please advice whether to keep it or resale it as currently I am hardly getting any premium on it.
What rate you are getting now? It should give some more premium to you if you wait till possession...no?
 
Old April 10 2012, 09:14 AM   #3
 
 
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Originally Posted by indiawasi View Post
Dear All,
I have 3+1 BHK in RPS Savana project. My booking price is 1825 Rs. Can you please advice whether to keep it or resale it as currently I am hardly getting any premium on it.
If you are not getting any premium, stay invested. If you are getting even little premium, sell and move on.
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Old April 10 2012, 09:47 AM   #4
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Originally Posted by indiawasi View Post
Dear All,
I have 3+1 BHK in RPS Savana project. My booking price is 1825 Rs. Can you please advice whether to keep it or resale it as currently I am hardly getting any premium on it.
Right now the premium is nothing but if you wanna bail out and put money into some other project, go for it but do not expect any appreciation in RPS for at least 1.5 years but when it gives returns, it will be huge.
 
Old April 10 2012, 09:48 AM   #5
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Originally Posted by indiawasi View Post
Dear All,
I have 3+1 BHK in RPS Savana project. My booking price is 1825 Rs. Can you please advice whether to keep it or resale it as currently I am hardly getting any premium on it.
No premium is better than losing your principal. If you get your money back , just grab it. This is not to tell you that you were wrong when you chose RPS Savana. But truth is they are in big trouble like many other Neharpar projects. And waiting for some years to get premium is again a 50-50 chance. Suppose things move well and Neharpar becomes habitable. The availability of thousands of flats will make supply hugely in excess of demand. And then take RPS Savana , the road leading to sec-88 will remain congested and choked all the time., considering no less than addition of 1000 motor vehicles honking their way to and from flats. Mess!. Local people have set up shops all along the roads and it will be very difficult to remove them coz they control local politics and flat owners will always be outsiders, educated people , therefore will have to remain meek.

Well all in all, RPS savan is not a good investment as of now. Future also seems not bright. Gullible talk of brokers about metro, and all should be iscounted. You will not live in metro train. Metro is not all that matters.
 
Old April 10 2012, 09:53 AM   #6
 
 
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If there is any sort of trouble and issues with this builder and project, better move out. No use of stay invested.
 
Old April 10 2012, 11:25 AM   #7
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Originally Posted by keshav View Post
No premium is better than losing your principal. If you get your money back , just grab it. This is not to tell you that you were wrong when you chose RPS Savana. But truth is they are in big trouble like many other Neharpar projects. And waiting for some years to get premium is again a 50-50 chance. Suppose things move well and Neharpar becomes habitable. The availability of thousands of flats will make supply hugely in excess of demand. And then take RPS Savana , the road leading to sec-88 will remain congested and choked all the time., considering no less than addition of 1000 motor vehicles honking their way to and from flats. Mess!. Local people have set up shops all along the roads and it will be very difficult to remove them coz they control local politics and flat owners will always be outsiders, educated people , therefore will have to remain meek.

Well all in all, RPS savan is not a good investment as of now. Future also seems not bright. Gullible talk of brokers about metro, and all should be iscounted. You will not live in metro train. Metro is not all that matters.
Dear Keshav,

I strongly disagree with you over many things here. RPS is a big group and they will be back on track once they are able to sell OxyPark completely where their money is stuck.

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the road leading to sec-88 will remain congested and choked all the time., considering no less than addition of 1000 motor vehicles honking their way to and from flats. Mess!. Local people have set up shops all along the roads and it will be very difficult to remove them coz they control local politics and flat owners will always be outsiders, educated people , therefore will have to remain meek.
I assume that you are talking about Kheri Road as of now BUT this is not the actual road to RPS Savanna but a temporary one for now. Once master roads are done in 1.5 years, there is 40 meter master road from Modern DPS School that would head straight to RPS Savanna and SRS Residency.

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Gullible talk of brokers about metro, and all should be iscounted. You will not live in metro train. Metro is not all that matters.
hehehe.. i agree with this statement of yours BTW. I have similar thoughts about Metro.
 
Old April 10 2012, 04:01 PM   #8
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And when Metro comes to Faridabad, it still will be far off from Neharpar area.

And these "Master Plan" roads have been doing rounds since ages. Just look at the existing roads of Faridabad , any person going there for the first time will swear NEVER to ply on those roads again, abusing his car. Those roads are built twice every year !!. What a pity for Faridabadis. They have nowhere to go. Most distasteful is the rainy season. Faridabadis wish monssons should rather fail than create hell for them. same has continued since .....long long time and there is NO chance of it getting any better. Simply because you can not send the whole city out along with their houses and lay drain pipes all around till people are invited back. you simply HAVE to live with it if you have NO option.
So clear reason why Faridabad has and will be the LAST choice of investors and end users.
 
Old April 10 2012, 04:21 PM   #9
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Originally Posted by keshav View Post
And when Metro comes to Faridabad, it still will be far off from Neharpar area.

And these "Master Plan" roads have been doing rounds since ages. Just look at the existing roads of Faridabad , any person going there for the first time will swear NEVER to ply on those roads again, abusing his car. Those roads are built twice every year !!. What a pity for Faridabadis. They have nowhere to go. Most distasteful is the rainy season. Faridabadis wish monssons should rather fail than create hell for them. same has continued since .....long long time and there is NO chance of it getting any better. Simply because you can not send the whole city out along with their houses and lay drain pipes all around till people are invited back. you simply HAVE to live with it if you have NO option.
So clear reason why Faridabad has and will be the LAST choice of investors and end users.
Well this is quiet harsh. Master Roads work has been started. Doing rounds and being worked on are two different things.

Secondly not all roads of Faridabad are in bad shape. There are good areas, then there are bad areas and then there are average ones. Actually most of the India is in the same shape including Delhi, Mumbai, Gurgaon, Bangalore and Hyderabad. I am a regular visitor to all these cities.

Faridabad is the BEST choice of investors as well as end users right now for its affordability and will see major boom in the next 2 years.

I request the forum readers to listen to people who are actually living or have invested in Faridabad rather than people living in Gurgaon and Noida and trying to justify their investments there.
 
Old April 10 2012, 05:50 PM   #10
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Quote:
Originally Posted by keshav View Post
And when Metro comes to Faridabad, it still will be far off from Neharpar area.

And these "Master Plan" roads have been doing rounds since ages. Just look at the existing roads of Faridabad , any person going there for the first time will swear NEVER to ply on those roads again, abusing his car. Those roads are built twice every year !!. What a pity for Faridabadis. They have nowhere to go. Most distasteful is the rainy season. Faridabadis wish monssons should rather fail than create hell for them. same has continued since .....long long time and there is NO chance of it getting any better. Simply because you can not send the whole city out along with their houses and lay drain pipes all around till people are invited back. you simply HAVE to live with it if you have NO option.
So clear reason why Faridabad has and will be the LAST choice of investors and end users.
just go and have a look at new bypass road - it took 12 mins to do 19 kms

rohit
 
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