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 cgd3psg
    Thanks Mike Bhai,

    Ph1/2 have almost 20% higher rates as compared to ph3. Still will you consider these better than ph3?

    And going forward this gap will increase. Just take a look at the location and kind of projects around both the area.
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  • On the contrary the gap would reduce once all the master roads in shape,,the nearest of ph111 sectors would be within 2 kms from bptp bridge,so make an informative decision based on your budget and available options and for a registered unit to be safe.
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  • Originally Posted by invinci
    On the contrary the gap would reduce once all the master roads in shape,,the nearest of ph111 sectors would be within 2 kms from bptp bridge,so make an informative decision based on your budget and available options and for a registered unit to be safe.


    Sector-31 is within 2 kms of Sector-29 but the gap always remained, in fact increased. Spend a little more right now and buy in Phase-1 and 2. Bridge near Sec-75 is almost complete yet you can see the difference in prices of properties there and with Sec-87, 88 etc. I am comparing these sectors because these are equidistant from BPTP bridge on either side of the same. BPTP Phase 1 and 2 is surrounded by projects like Pranayam, Grandeura, Pratham, Villas, Imperial Estate, RPS Savana whereas Phase-3 does not have big projects like these.

    Even if you compare current plot rates with last year, you would notice that Phase-1 and 2 saw appreciation but Phase-3 did not inspite of carpeted Agra Canal Road, bridge near Sector-75.
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  • i differ in conclusions here. I have researched a lot on Faridabad developments, like the master plans, the metro and authority plans and everything.

    do you know metro line end station in Neharpar would be sector 78 (metro line will only come in 7X sectors in neharpar) ?
    do you know that sector 7X (79 in particular) will be the new town center with all malls, complexes, cbd coming up ?
    do you know that 7X sectors also has university and educational hubs (not small schools but acres of reserved spaces) ?

    but one will need to be patient - in 5-6 years time this area will be the hub and buzzing area of new fbd :) ?
    till then offcourse the 8x sectors are ahead in development.
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  • Originally Posted by jthakar
    i differ in conclusions here. I have researched a lot on Faridabad developments, like the master plans, the metro and authority plans and everything.

    do you know metro line end station in Neharpar would be sector 78 (metro line will only come in 7X sectors in neharpar) ?
    do you know that sector 7X (79 in particular) will be the new town center with all malls, complexes, cbd coming up ?
    do you know that 7X sectors also has university and educational hubs (not small schools but acres of reserved spaces) ?

    but one will need to be patient - in 5-6 years time this area will be the hub and buzzing area of new fbd :) ?
    till then offcourse the 8x sectors are ahead in development.


    Metro in Neharpar won't happen even in 10 years brother.

    I do not doubt about the location of Sector-79, its a great location but we are talking about BPTP Phase-3 here.

    Lastly schools and university hubs are generally not seen as cream locations because of high density, nuisance by students, parking vows, college crowd etc. This has already been witnessed in Gurgaon and Greater Noida.

    Please note that I am not saying that 7x is bad location but I am just saying that it is not better than 8x sectors. :)
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  • Thanks Friends for your valuable advice, I have decided to go for ph1/2.
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  • Can you comment on the prices you are getting in phI/II viz a viz those in phIII for a 250sqyd unit,in case you researched the market
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  • Starting prices (registry case)
    B block : 72-75Lac
    C block : 85 Lac
    D block : >85 Lac
    J block :>75 lac
    G block :>70 Lac
    X Block : >67 Lac
    U Block : >80 Lac
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  • Great insight ..thanks
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  • Hi cgd3psg

    Rates seems to be on higher side. I thought, plot markets are very subdued....

    Mike?
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  • Originally Posted by rvm123
    Hi cgd3psg

    Rates seems to be on higher side. I thought, plot markets are very subdued....

    Mike?




    This is current ground reality. I have met many brokers & none of them is able offer a single registry unit below these prices.

    WOuld like to add that the few south facing/other land facing plots are available below this rate.
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  • Yes the Plot rates have picked up in last few months....getting atleast 3 calls everyday
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  • The prices of plot has shoot up by almost 15-20%...Due to construction at 5-6 plots in C &D block..

    Sent from my GT-I9082 using Indian Real Estate Forum mobile app
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  • Originally Posted by rvm123
    Hi cgd3psg

    Rates seems to be on higher side. I thought, plot markets are very subdued....

    Mike?

    Bhai I had already written earlier that flat market had been stagnant but plot market was seeing movement. Its true that plot prices have movef upwards in last one year.
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  • Originally Posted by cgd3psg
    Starting prices (registry case)
    B block : 72-75Lac
    C block : 85 Lac
    D block : >85 Lac
    J block :>75 lac
    G block :>70 Lac
    X Block : >67 Lac
    U Block : >80 Lac


    Hi
    Greetings

    on the one hand difference of 17 lacs ie between 67 lacs and 85 lacs is huge and a big incentive

    On the other hand, why is it that the difference is huge and raised serious doubts about the project.

    Plotted colony grows only when people wish to live there. Now with population in most of the elite floor blocks, many GH projects being offered possession across 75-89, builder floors on plots being built on experimental basis, things will hopefully be different in one years time. More schools, connectivity, Metro, IMT, bridges over Agra/Gurgaon Canals, Delhi/Noida connectivity would be game changer.

    Ultimately it depends on how BPTP uses CRORES of maintenance money collected ( in keeping the area neat/clean/lighted up and welcoming and provide help and support to those who wish to build a house in Parklands.
    OR
    if a RWA takes over maintenance to ensure maintenance, works hard to get BPTP to deliver community and common amenities, clubs, sewerage, water, electricity, security, gated colony, horticulture, etc..

    Cheers
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