Hi

I want to buy a 250 sq. yard plot in BPTP sector - 85, Faridabad for personal use. Can any body tell me that how much time this area will take to develop so that I can build on it? I have also heard that EDC & IDC has been increased by Rs. 1100/- per sq. yard which was before Rs. 1470/- per sq. yard. So should I invest or not? Please suggest.


Thanks
Alok Chauhan
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  • Originally Posted by tej_yd
    Block-D

    I paid all dues last year


    Hi
    Greetings

    Congratulations!!!

    Hope they did not introduce some new fancy demand like super area of plot (including roads, club etc):D:D

    What do they say about water, electricity, sewerage??

    Cheers
    CommentQuote
  • Hi
    Greetings

    It has come to notice that HUDA is not approving planning permissions/Building plan for floors/houses on plots sold by BPTP. Does anyone have a clue about this?

    Read somewhere that this is because BPTP has not fulfilled licensing conditions. It is also being alleged that BPTP Plots are not getting approvals for construction plan approval from authorities because BPTP has not submitted its dues in terms of EDC/IDC.

    Since they have not submitted these dues, authorities are reluctant/unable to transfer money to Electricity corporation for erection of substation and for making necessary provision for supply of electricity to BPTP Parkalands. The same is also the reason for delay by HUDA in construction of STP proposed in Greater Faridabad.

    Please share if anyone has any information on the same.

    Cheers
    CommentQuote
  • Originally Posted by BlessU
    Hi
    Greetings

    It has come to notice that HUDA is not approving planning permissions/Building plan for floors/houses on plots sold by BPTP. Does anyone have a clue about this?

    Read somewhere that this is because BPTP has not fulfilled licensing conditions. It is also being alleged that BPTP Plots are not getting approvals for construction plan approval from authorities because BPTP has not submitted its dues in terms of EDC/IDC.

    Since they have not submitted these dues, authorities are reluctant/unable to transfer money to Electricity corporation for erection of substation and for making necessary provision for supply of electricity to BPTP Parkalands. The same is also the reason for delay by HUDA in construction of STP proposed in Greater Faridabad.

    Please share if anyone has any information on the same.

    Cheers


    Check the attachments.
    I guess, BPTP is doing some changes in the Park land Master-Plan (82-89) to resolve some long pending issues with HUDA at different pockets. These will facilitated Approval of many unites, which are otherwise stuck in loop due to approval problem from the authorities.:):)
    I don't think that BPTP is going to change anything at site, it will be more of less approval for "As Built site condition".
    CommentQuote
  • Originally Posted by sayan1556
    Check the attachments.
    I guess, BPTP is doing some changes in the Park land Master-Plan (82-89) to resolve some long pending issues with HUDA at different pockets. These will facilitated Approval of many unites, which are otherwise stuck in loop due to approval problem from the authorities.:):)
    I don't think that BPTP is going to change anything at site, it will be more of less approval for "As Built site condition".


    Hi
    Greetings

    What are the changes being made?

    Which sectors and blocks are being affected?

    What is the impact of these changes?

    Cheers
    CommentQuote
  • Originally Posted by BlessU
    Hi
    Greetings

    What are the changes being made?

    Which sectors and blocks are being affected?

    What is the impact of these changes?

    Cheers


    BlessU Sir,
    It’s difficult to ascertain the changes in macro level. One has to meticulously compare the earlier master plan with the present one inch by inch. For my area, I have not noticed any changes.
    Over a period of time, BPTP must have changed the master plan for reasons better known to them. Now in order to get the same approved they need to get NOC from the buyers. Probably they have already managed the authorities.:D:D
    Most impotently, there is no change in key parameters’ as mentioned in the attached pic:):)
    Attachments:
    CommentQuote
  • Change in Layout of Parklands after 8 years of launch!!!

    Originally Posted by sayan1556
    BlessU Sir,
    It’s difficult to ascertain the changes in macro level. One has to meticulously compare the earlier master plan with the present one inch by inch. For my area, I have not noticed any changes.
    Over a period of time, BPTP must have changed the master plan for reasons better known to them. Now in order to get the same approved they need to get NOC from the buyers. Probably they have already managed the authorities.:D:D
    Most impotently, there is no change in key parameters’ as mentioned in the attached pic:):)


    Hi
    Greetings

    Yes you are quiet right. They have used the word "Provisional or proposed Approved Plan". How can a "provisional" plan be "approved"??

    Please find old plan for comparison.

    Mute point is the changes should have been highlighted and informed to all customers who have been paying through their teeth to BPTP as a measure of confidence building and assurance. This is so as the project is delayed beyond any reasonably comprehensible time period.

    Good thing that you pointed about the required common facilities. These common facilites are required to be provided with 4+2 years of the licence being granted as per Construction of Community Buildings Act4 of 2012. Now 8 years since launch in 2005 have gone by and still BPTP has the insatiable craving to tinker with the Layout. Its disgusting that not a single thing worth the mention, in the common/community facilities has been started.

    Besides the rule pertaining to change of common areas is as follows:
    Revision of Layout Plan in respect of Residential Plotted colony and Building Plans of Group Housing colony. .

    A closer look at the Layout also suggests the saleable area at 54.206 % whereas BPTP has claimed EDC/IDC at 43.4%. If true all buyers have been charged 25% appx additional EDC.

    Cheers
    CommentQuote
  • Does this also holds true for Plots in 75-76 ?I mean maps not getting approved,or is this only limited to Sec 82-89
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  • Maps are not getting approved because BPTP has unsold inventory in floors. As soon as maps are approved builder lobby will start building floors on these plots. So its temporary crap.
    CommentQuote
  • Originally Posted by miketest
    Maps are not getting approved because BPTP has unsold inventory in floors. As soon as maps are approved builder lobby will start building floors on these plots. So its temporary crap.


    Hi
    Greetings

    What is the going rate of floors on 250 sq yd and 350 sq yd huda plots in faridabad?
    What are the specs that builders are giving?

    Few members from the BPTP Parklands group got their plots registered and are interested in building floors. Can we have some input on how to go about it?

    It is imperative that the Parkland Plots will come up with floors, kothis and it is just a matter of time. Many people who have bookings in floors, villas, apartments of various bptp projects like Princess Park, Resort, Park Floors, Elite Floors, etc have rented out in Omaxe/SRS etc because their children study in DPS/Modern DPS etc.

    Many Families would be looking for accommodation near the schools as DPS campus alone is very large, perhaps 15 acres. This would easily mean more than 5000 -10000 pupils in the next session starting April 14.

    If Floors cost less than Huda sectors, RTM flats/floors/villas and Floors on BPTP plots would be a preferred location for such families.

    Cheers
    CommentQuote
  • Originally Posted by BlessU
    Hi
    Greetings

    What is the going rate of floors on 250 sq yd and 350 sq yd huda plots in faridabad?
    What are the specs that builders are giving?

    Few members from the BPTP Parklands group got their plots registered and are interested in building floors. Can we have some input on how to go about it?

    It is imperative that the Parkland Plots will come up with floors, kothis and it is just a matter of time. Many people who have bookings in floors, villas, apartments of various bptp projects like Princess Park, Resort, Park Floors, Elite Floors, etc have rented out in Omaxe/SRS etc because their children study in DPS/Modern DPS etc.

    Many Families would be looking for accommodation near the schools as DPS campus alone is very large, perhaps 15 acres. This would easily mean more than 5000 -10000 pupils in the next session starting April 14.

    If Floors cost less than Huda sectors, RTM flats/floors/villas and Floors on BPTP plots would be a preferred location for such families.

    Cheers


    250 sq yds floor in Sec-17 costs 1 crore+ for top floor and more for first and then ground floor with one parking each reserved on ground floor. AFAIK they give furnished flat with POP work on ceiling, walls. Wardrobes in all rooms, modular kitchen etc etc.
    CommentQuote
  • Floor COST on 250 sq yd BPTP Parkland Plots Costs just 45 Lacs!!!

    Originally Posted by miketest
    250 sq yds floor in Sec-17 costs 1 crore+ for top floor and more for first and then ground floor with one parking each reserved on ground floor. AFAIK they give furnished flat with POP work on ceiling, walls. Wardrobes in all rooms, modular kitchen etc etc.


    Hi
    Greetings

    Thanks for the revert.

    For Parkland Plots the working for 250 sq yd would be
    Cost of plot 23K psy + 5K extras = 70 lac
    Cost of Stilt+ 3 Floors+Basement= 63 Lacs

    Or cost per floor= 45 lacs appx

    Therefore total cost could be 1.3 crores leaving a big margin for offering a cheaper deal to those inclined for buying closer to Schools including Sriram, Aravali, DPS, Modern DPS etc.

    (Possible Working for 63 lacs:
    Basement on 100% area = 250 X 9 X Rs500 psf = 11 lacs
    Stilt on 60%= 250X 9 X Rs500psf X 60%= 6 lacs
    First, second, 3rd Floor 1.35Far (incl 5% with compounding fine= 250X9X1.35XRs1500psf= 46 Lacs)


    Haryana Bye Laws for Construction (height increased to 14Mtrs and stilt now allowed above 6 marla plots)

    Views on calculations/corrections and inputs on how to go about it welcome.

    Cheers
    CommentQuote
  • Originally Posted by BlessU
    Hi
    Greetings

    Thanks for the revert.

    For Parkland Plots the working for 250 sq yd would be
    Cost of plot 23K psy + 5K extras = 70 lac
    Cost of Stilt+ 3 Floors+Basement= 63 Lacs

    Or cost per floor= 45 lacs appx

    Therefore total cost could be 1.3 crores leaving a big margin for offering a cheaper deal to those inclined for buying closer to Schools including Sriram, Aravali, DPS, Modern DPS etc.

    (Possible Working for 63 lacs:
    Basement on 100% area = 250 X 9 X Rs500 psf = 11 lacs
    Stilt on 60%= 250X 9 X Rs500psf X 60%= 6 lacs
    First, second, 3rd Floor 1.35Far (incl 5% with compounding fine= 250X9X1.35XRs1500psf= 46 Lacs)


    Haryana Bye Laws for Construction (height increased to 14Mtrs and stilt now allowed above 6 marla plots)

    Views on calculations/corrections and inputs on how to go about it welcome.

    Cheers


    Bhai, that's the reason why builders are eyeing these plots. Just wait for nakshas to start getting cleared and you will see a flurry of builder floor launches in these areas.
    CommentQuote
  • Excellent work BlessU ji!

    So much money can be made by an average investor by just removing these middlemen..lol

    But again, there will be some who will just buy these overpriced floors at double the actual cost & then create "RE bubble" threads on IREF...lol
    CommentQuote
  • Originally Posted by rakesh311
    Excellent work BlessU ji!

    So much money can be made by an average investor by just removing these middlemen..lol

    But again, there will be some who will just buy these overpriced floors at double the actual cost & then create "RE bubble" threads on IREF...lol



    Hi
    Greetings

    Brother, the problem "in this case" is not with middlemen but the way the market has behaved.

    In the last 2 years rates of flats have moved from 1500-1800 to 2500- 3500 psf. This rise has been due to "delivery" and "anticipated delivery" of Floors.

    Plots have not seen a single % increase and therefore the cost of floors on these plots will be very low and therefore most attractive proposition in the current market.

    The moment builders start eyeing this market/getting approvals, the rates of plots will react accordingly to be at par/equal to BPTP Floors/villas.

    Cheers
    CommentQuote
  • Originally Posted by miketest
    Bhai, that's the reason why builders are eyeing these plots. Just wait for nakshas to start getting cleared and you will see a flurry of builder floor launches in these areas.


    Hi
    Greetings

    Please can you enumerate what are the objections to the approved plans being submitted by the builders?

    Is there any formal response received from HUDA as rejection/amendment to the plans being submitted?

    Currently, DGTCP has ordered a SELF CERTIFICATION SCHEME for BUILDING PLAN APPROVAL and no pre-sanction is required.

    Cheers
    CommentQuote