Approved Projects, License Renewal Status

[BlessU]

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  string(2044) "Hi
Greetings

Have been watching this market and am sure thinks are looking up as a lot of licenses of existing approved projects have been renewed recently. Many of these licenses were lying suspended for many years.

Of the last months total 1800 acres License renewals across Haryana, Sonepat has had the Lions share with 450 acres appx being renewed.

Details available on link [url=https://docs.google.com/spreadsheet/ccc?key=0AkCW4pub6d78dC1OdTFSeV9oVjV5S2pSX2JPRG5HSVE#gid=12]LICENSE STATUS NOV 12[/URL] as per DTCP website.

[B][I]Lic No	Date	Developer Name	Purpose	Area	SECTOR	Dev Plan	Colony Name	Old Date	New Date[/I][/B]
42-60	26/07/2005	Ansal Properties & Infrastructure	Plotted	75.17	61	Sonipat	ANSAL SON-61 RPL	25/07/2011	 25/07/2013
101-144	5/8/2005	Intime promoters .	Plotted	108.723	61,58,69	Sonipat	INTIME SON 58-69 RPL	4/8/2011	4/8/2013
347-399	25/12/2005	Omaxe Construction	Plotted	183.012	8,9,17,19	Sonipat	OMAXE SON 8-9, 17-19 RPL	24/12/2007	 24/12/2013
956-991	15/05/2006	Maksad Estate and Hardware	Plotted	70.694	18,19	Sonipat	MAKSAD SON 18-19 RPL	14/05/2008	 14/05/2013
1129-1132	15/09/2006	Ansal Properties & Infrastructure	Plotted	6.918	61,62	Sonipat	SUS CITY SON 61-62-63-35 RPL	14/09/2008	 14/09/2013
203	6/8/2007	Everest Buildtech	GH	10.18	61	Sonipat	EVEREST SON-61 RGH	5/8/2009	5/8/2013

Normally, builders need to get their outstanding, pertaining to EDC/IDC/EEDC/Penalties/Renewal Fees cleared, before licenses can be renewed.. Builders use the EDC/IDC money, as the penalty is only 12% for reputed builders. This is much less than 18-22% rate of interest at which builders are able to get finance.

This practice is illegal but builders have partnership with ruling party and get this benefit. However, the overall development suffers as funds which the builders are supposed to collect from buyers, are not given to the govt . Currently 3500 cr of due edc is to be recovered across haryana, as per govt records.

Hopefully, a lot of possessions would therefore be offered soon and may be development.

Cheers"
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Hi
Greetings

Have been watching this market and am sure thinks are looking up as a lot of licenses of existing approved projects have been renewed recently. Many of these licenses were lying suspended for many years.

Of the last months total 1800 acres License renewals across Haryana, Sonepat has had the Lions share with 450 acres appx being renewed.

Details available on link LICENSE STATUS NOV 12 as per DTCP website.

Lic No Date Developer Name Purpose Area SECTOR Dev Plan Colony Name Old Date New Date
42-60 26/07/2005 Ansal Properties & Infrastructure Plotted 75.17 61 Sonipat ANSAL SON-61 RPL 25/07/2011 25/07/2013
101-144 5/8/2005 Intime promoters . Plotted 108.723 61,58,69 Sonipat INTIME SON 58-69 RPL 4/8/2011 4/8/2013
347-399 25/12/2005 Omaxe Construction Plotted 183.012 8,9,17,19 Sonipat OMAXE SON 8-9, 17-19 RPL 24/12/2007 24/12/2013
956-991 15/05/2006 Maksad Estate and Hardware Plotted 70.694 18,19 Sonipat MAKSAD SON 18-19 RPL 14/05/2008 14/05/2013
1129-1132 15/09/2006 Ansal Properties & Infrastructure Plotted 6.918 61,62 Sonipat SUS CITY SON 61-62-63-35 RPL 14/09/2008 14/09/2013
203 6/8/2007 Everest Buildtech GH 10.18 61 Sonipat EVEREST SON-61 RGH 5/8/2009 5/8/2013

Normally, builders need to get their outstanding, pertaining to EDC/IDC/EEDC/Penalties/Renewal Fees cleared, before licenses can be renewed.. Builders use the EDC/IDC money, as the penalty is only 12% for reputed builders. This is much less than 18-22% rate of interest at which builders are able to get finance.

This practice is illegal but builders have partnership with ruling party and get this benefit. However, the overall development suffers as funds which the builders are supposed to collect from buyers, are not given to the govt . Currently 3500 cr of due edc is to be recovered across haryana, as per govt records.

Hopefully, a lot of possessions would therefore be offered soon and may be development.

Cheers

[ruchika1]

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  string(319) "i had asked u bfr too in sum othr thread bt dint get a reply.. 
asking again..
nw suppose sumone bought, took possession and did registry in one of the plots in ansals (assumption) in 2010. so now whthr ansal gets license renewed or not, how will it effect him if he is already living in a house thr purchased in 2010 ?"
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i had asked u bfr too in sum othr thread bt dint get a reply..
asking again..
nw suppose sumone bought, took possession and did registry in one of the plots in ansals (assumption) in 2010. so now whthr ansal gets license renewed or not, how will it effect him if he is already living in a house thr purchased in 2010 ?

[gaurav_chugh]

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License is required till the possession of property is not offered. Once that is done it does under rwa, maintenance authority for apartments, huda for plots

[ruchika1]

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what if a people hav already taken possession of their property in a society which is offering new properties in upcoming years ? these days builders dont give possession to all flats/ villas etc in 1 go. they do it over a period of 3-4 years in phases. what if sumone has already taken possession/registry done in lets say phase 1 wherease phase 2 or phase 3 is still under progress. its to b noted tht license is given only as a whole. what will b the effect on phase 1 if license is not renewed. 
hope u got my question"
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License is required till the possession of property is not offered. Once that is done it does under rwa, maintenance authority for apartments, huda for plots

what if a people hav already taken possession of their property in a society which is offering new properties in upcoming years ? these days builders dont give possession to all flats/ villas etc in 1 go. they do it over a period of 3-4 years in phases. what if sumone has already taken possession/registry done in lets say phase 1 wherease phase 2 or phase 3 is still under progress. its to b noted tht license is given only as a whole. what will b the effect on phase 1 if license is not renewed.
hope u got my question