IREF® Real Estate in India - Property Discussion
Revert to old theme

Download our app now !

Reply
2Likes

5 floors allowed in delhi
January 12 2012 , 12:50 AM   #1
Senior Member

Bobbydel's Avatar
 
Join Date: Dec 2011
Location: Delhi/Noida
Posts: 815
Likes Received: 311
My Mood: Amused
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
January 12 2012 , 06:36 AM   #2
Member

worried1's Avatar
 
Join Date: Jan 2009
Posts: 182
Likes Received: 12
5 floors rumour

Quote:
Originally Posted by Bobbydel
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
January 12 2012 , 09:28 AM   #3
Veteran Member

djvjain's Avatar
 
Join Date: Nov 2010
Posts: 2,017
Likes Received: 184

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.
January 12 2012 , 09:51 AM   #4
Member

sharmafire's Avatar
 
Join Date: Dec 2007
Posts: 231
Likes Received: 16

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
January 12 2012 , 12:16 PM   #5
Member

Amitau's Avatar
 
Join Date: Dec 2011
Posts: 147
Likes Received: 45
My Mood: Asleep

do the rights for an extra floor always stay with the guy on the top floor?
January 12 2012 , 12:24 PM   #6
Member

nitsethi's Avatar
 
Join Date: Jul 2009
Posts: 203
Likes Received: 49
My Mood: Cheerful

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.
January 12 2012 , 12:29 PM   #7
Super Moderator

MANOJa's Avatar
 
Join Date: Jul 2010
Posts: 44,743
Likes Received: 4484
My Mood: Relaxed

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.
January 12 2012 , 12:33 PM   #8
Member

nitsethi's Avatar
 
Join Date: Jul 2009
Posts: 203
Likes Received: 49
My Mood: Cheerful

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

This is the link for the post on third floor in Delhi.
January 12 2012 , 12:40 PM   #9
Veteran Member

Designer's Avatar
 
Join Date: Jun 2011
Posts: 1,165
Likes Received: 336
My Mood: Relaxed
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
January 12 2012 , 12:45 PM   #10
Senior Member

deeprupani's Avatar
 
Join Date: Jul 2010
Location: New Delhi
Posts: 876
Likes Received: 133
My Mood: Cheerful

How dose this affect prevailing property prices??
Choose theme from here -
LinkBack
LinkBack URL LinkBack URL
About LinkBacks About LinkBacks