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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  • Collaboration is better option but buying plot and building is difficult because of taxation stuff. I inquired further and found out that there is only one site mentioned above is in progress and one guy is setting up his office and then there are no major floor projects happening in the area. Even the floor plans and labor working on the site is supplied by my friend. Let us see how this goes. This is more like a pilot project and if the response is good, I assume that there will be a flurry of builder floors in the area.
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  • Originally Posted by miketest
    Collaboration is better option but buying plot and building is difficult because of taxation stuff. I inquired further and found out that there is only one site mentioned above is in progress and one guy is setting up his office and then there are no major floor projects happening in the area. Even the floor plans and labor working on the site is supplied by my friend. Let us see how this goes. This is more like a pilot project and if the response is good, I assume that there will be a flurry of builder floors in the area.


    Hi
    Greetings

    With low to poor business and high rates in Delhi,, many builders may construct showcase floors.. Just keep counting..

    Someone good samaritan does have to bell the first cat!!:D:D

    Finally all these will add to the tally of possessions offered and habitation in Gr Fbd..
    POPULATION.. POPULATION.. POPULATION!!!


    Cheers
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  • Originally Posted by miketest
    Collaboration is better option but buying plot and building is difficult because of taxation stuff. I inquired further and found out that there is only one site mentioned above is in progress and one guy is setting up his office and then there are no major floor projects happening in the area. Even the floor plans and labor working on the site is supplied by my friend. Let us see how this goes. This is more like a pilot project and if the response is good, I assume that there will be a flurry of builder floors in the area.


    i meet this builder after protest on khedi bridge .
    he has 5 plots in the same location and he will start construction when bridge (sector 74-75) will ready and he tell me about huda land in middle of sector 75 (on main 24 meter sector road) a market of huda is under way on this land .
    means these type floors will come only in cream location.........
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  • I am looking to buy a bptp 250 sq yd plot. I was told the cheapest registry one would be around 50 to 55L.......presume stamp duty and brokerage would be the only additional.

    I was also told by brokers that there are collaborators who will construct 3 floors with their own money, give plot owner the GF, take the 2F for themselves and split the sale of the 1F evenly with the plot owner.

    Does anyone have any inputs on this......................
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  • Originally Posted by captkumar
    I am looking to buy a bptp 250 sq yd plot. I was told the cheapest registry one would be around 50 to 55L.......presume stamp duty and brokerage would be the only additional.

    I was also told by brokers that there are collaborators who will construct 3 floors with their own money, give plot owner the GF, take the 2F for themselves and split the sale of the 1F evenly with the plot owner.

    Does anyone have any inputs on this......................


    Which block is this 50-55 lakhs plot in?
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  • Anyone? 50-55 lakhs? Where? Allotment done? Is the number marked on the plot?
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  • Not any more bhai...around 6 months back 250 was going for arnd 60lkhs...probably a distressed sale
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  • Hello everyone

    I have a budget of around 50 to 55 lacs and I am interested in BPTP plots. Can anyone suggest me whether it would be safe to invest in far off blocks i.e PE/PF/PB/Y etc. I would be thankful for your suggestions.
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  • Got the registry done for the BPTP plot after a wait of 1 year
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  • BPTP Plot registeration

    Originally Posted by pgarg2000
    Got the registry done for the BPTP plot after a wait of 1 year


    I too have a plot in Sector 85 and BPTP had asked money for registeration & lease deed back in Dec 2011!!, saying we are ready for registry and I had paid all dues then itself.

    And now BPTP has finally has sent me a letter that they are ready for registeration and are asking more money because circle rate has increased since 2012 (ofcourse)... now why should I pay for their delay... they promised registeration back in 2012 and they earned interest on d money too! I have written multiple emails to then (as I am out of town since last 4 months) but ...you know them well.

    Were you in a similar position? I just joined IREF after reading your post and would really appreciate any info/help! Also, seems like I can't send a PM being a new member, so please PM me if that's better for you.

    Thanks in advance!
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  • yes I was also asked for about 30K extra because of increase in circle rate...... I also wrote to them a few emails saying it was their fault etc etc....they obviously did not agree to that.

    I thought I will pay, get the registry done and then later on ask for money back....did not want to delay or risk the already delayed registry process.
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  • Originally Posted by pgarg2000
    yes I was also asked for about 30K extra because of increase in circle rate...... I also wrote to them a few emails saying it was their fault etc etc....they obviously did not agree to that.

    I thought I will pay, get the registry done and then later on ask for money back....did not want to delay or risk the already delayed registry process.


    Thanks Mr Garg! Now I am also thinking the same and getting the registration done... I have a couple of more questions :), which may be basic & stupid:

    1. What is the hurry in getting the registry done, if the purpose is investment. At the time of selling it can be transfered to the seller in BPTP records and the buyer will pay you the regitry money that you paid to BPTP... so one saves the registry money. Though there would be transfer charges by BPTP.. or I am totally wrong here, BPTP is not allowing transfer now?

    2. Any idea whats the ongoing rate in Sector 85, I don't believe 99acers/magicbricks because as far as I know, dealers just post there and don't have actual sellers, with lower rates so that people call them.

    Thanks again!
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  • Originally Posted by ncrplots
    Thanks Mr Garg! Now I am also thinking the same and getting the registration done... I have a couple of more questions :), which may be basic & stupid:

    1. What is the hurry in getting the registry done, if the purpose is investment. At the time of selling it can be transfered to the seller in BPTP records and the buyer will pay you the regitry money that you paid to BPTP... so one saves the registry money. Though there would be transfer charges by BPTP.. or I am totally wrong here, BPTP is not allowing transfer now?

    2. Any idea whats the ongoing rate in Sector 85, I don't believe 99acers/magicbricks because as far as I know, dealers just post there and don't have actual sellers, with lower rates so that people call them.

    Thanks again!


    Points supporting the registry include:
    - You don't incur Holding charges.
    - Registry plots are selling at a slightly higher rate, as per my broker.

    Can someone advise if they paid the holding charges recently? Anyone managed to get it waived off??
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  • Originally Posted by pgarg2000
    Got the registry done for the BPTP plot after a wait of 1 year


    Hi
    Greetings

    Congratulations and am sure you must be feeling proud of yourself after these tough years of waiting.:):)

    So whats your plan? Sell? Hold? Collaboration? Own house? Floors etc?? Expectation?

    Joined any group? fighting for refund of EEDC/EDC/IDC/ESS/STP/Delayed Penalty etc? What happened of Meeting on Sunday at Sarita Vihar group?

    Cheers
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  • Originally Posted by BlessU
    Hi
    Greetings

    Congratulations and am sure you must be feeling proud of yourself after these tough years of waiting.:):)

    So whats your plan? Sell? Hold? Collaboration? Own house? Floors etc?? Expectation?

    Joined any group? fighting for refund of EEDC/EDC/IDC/ESS/STP/Delayed Penalty etc? What happened of Meeting on Sunday at Sarita Vihar group?

    Cheers


    Not proud but definitely relieved ! :)

    I am going to hold...I think plots should be a good long term investment
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