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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  • Ask someone who has a 10ft depression for his plot resale price to know the truth and all your rosy dreams would immediately give a bumper crop of cactii!!


    I wish that had happened to me :) atleast I did not had to pay to dig 10 ft for basement - and - any yes any house built today without basement is sheer waste of space.
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  • Originally Posted by rohit_warren
    Ask someone who has a 10ft depression for his plot resale price to know the truth and all your rosy dreams would immediately give a bumper crop of cactii!!


    I wish that had happened to me :) atleast I did not had to pay to dig 10 ft for basement - and - any yes any house built today without basement is sheer waste of space.

    rohit


    Hi
    Greetings

    ha ha, you want to buy at 30K chalo hamari to purani yaari hai,, 25 main baat kar loon??

    Brokerage bhi bach jayegi.. You then can have a badiya Basement which you can use as a private movie hall, courtesy BPTP irregular development.
    .

    Other advantages are
    -that his plot does not have footpath on the road in front, so you have extra space to yourself!!
    -No street light so you can import Fancy Italian lamp posts and live life kingsize,
    -have your own septic tank and use the manure to feed the nearby plots used as empty garden space, as no one is likely to dream to live in that area atleast for another few years
    -have your own borewell and ensure that you have the luxury of RO supply much better than HUDA or BPTP water,
    -Have your own solar energy panels- after all we have to give back to the ecology by at least not consuming electricity produced by coal fired boilers.

    Honestly, bahut badi soch hai aapki!!!

    Cheers
    PS as per huda bye laws, basement can be used only for services.
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  • Originally Posted by rohit_warren
    Ask someone who has a 10ft depression for his plot resale price to know the truth and all your rosy dreams would immediately give a bumper crop of cactii!!


    I wish that had happened to me :) atleast I did not had to pay to dig 10 ft for basement - and - any yes any house built today without basement is sheer waste of space.

    rohit


    You have an amazing quality to see a silver lining in every cloud and paint it as a rosy picture.
    This is GOOD sometimes but not always.

    I read somewhere entire NCR has 53 months of inventory left with builders which means it will take quite a time to sell before we see any considerable rise in the prices.

    read this..

    The current level of unsold inventory in the NCR stands at 303.66 million square feet and is worth Rs 8,402 crore, thus implying that realtors will take another 53 months (four-and-a-half years) to just sell all current listings at the current sales pace! Inventory of eight months shows a healthy real estate market.
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  • Originally Posted by invinci
    You have an amazing quality to see a silver lining in every cloud and paint it as a rosy picture.
    This is GOOD sometimes but not always.

    I read somewhere entire NCR has 53 months of inventory left with builders which means it will take quite a time to sell before we see any considerable rise in the prices.

    read this..

    The current level of unsold inventory in the NCR stands at 303.66 million square feet and is worth Rs 8,402 crore, thus implying that realtors will take another 53 months (four-and-a-half years) to just sell all current listings at the current sales pace! Inventory of eight months shows a healthy real estate market.

    there are 50k units in faridabad and everything is sold - the inventory you are talking about is majorly in gurgaon and noida where huge projects got launched in last 3 years and stayed unsold - Pick up today's paper or yesterday's paper and look for property ads I bet you may not be able to find more than 2 in any paper for faridabad -

    In faridabad specially in naharpar there is nothing available directly from developer barring some odd units here and there or something in ansal's projects.

    There are many projects in noida and gurgaon which have been launched at middle of nowhere - which was the case for naharpar 2 years ago in last two years things have changed.

    1- master and sector road almost complete and you can drive to any project which is complete
    2- lots shops have come up to cater daily needs - for major purchases you need to drive 5 odd kms which is normal for any residential township
    3- public transport has become available -
    4- schools not one but many have started functioning
    5- metro is near completion and please do not doubt dmrc
    6- approx 10k families are staying naharpar now

    acutaly having no inventory overhang and no launches has kept the naharpar at bay for last few years had there been a frenzy of new launches then the brokers would have been very active even on the social media and discussion forums like this.

    Please note only 10% of naharpar has come under development and there is still way to go till yamuna and let me remind you that mr gujjar will leave no stone unturned to get the bridge on yamuna completed in his tenure so be ready with some booking amount as the developers who bought land are preparing their next move with new govt.

    and be advised that the new launches will not come below 6000 per sq ft which is real rate for naharpar at present - once metro gets operational and more families move in klg and other floors that may only increase as the key is.
    population population population

    rohit
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  • The infra factors remain true more for GGN and Noida than faridabad,then why they have unsold inventory.

    suggested prices may be seen in longer term than in near term.

    Boost in this sector will depend on overall economy picture of the country.

    And faridabad has to bring more jobs in this old industrial city for the prices to escalate.Otherwise people here come to sleep at home and then to start next morning for going to Noida and GGN.
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  • Originally Posted by invinci
    The infra factors remain true more for GGN and Noida than faridabad,then why they have unsold inventory.

    suggested prices may be seen in longer term than in near term.

    Boost in this sector will depend on overall economy picture of the country.

    And faridabad has to bring more jobs in this old industrial city for the prices to escalate.Otherwise people here come to sleep at home and then to start next morning for going to Noida and GGN.

    And faridabad has to bring more jobs in this old industrial city for the prices to escalate.Otherwise people here come to sleep at home and then to start next morning for going to Noida and GGN.


    Yes and that is good for now staying at peaceful place with all the amenities and going to work which just one hr away (I have posted a proof of that)

    Gurgaon, Noida and DELHI that are the major business district right now - Faridabad lost its charm because of high interest rates as they cannot compete with chinese products from their outdated technology and the interest rates are prohibitive for capital expansion so new machines were not bought thus creating a downward slope - now with inflation modrating may be government may gives some sops to manufacturing sector and that would prove to be a major boost to faridabad till palwal where kmp and epe along with dmic are being built.

    I don't want to paint any rosy picture but look at the state of this project at d eway https://www.indianrealestateforum.com/forum/city-forums/chennai-real-estate/1511-are-real-estate-prices-going-to-fall-40-by-mid-2007?p=122634#post122634

    and please go and check naharpar today or in coming week you will see families and the gentry there is cosmopolitan, so its matter of months before people actually make a beeline in naharpar.

    rohit
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  • Greetings...

    Can any one has information regarding the date of Arbitration Proceedings going on between CPI & BPTP.

    Impactbof the said proceedings on Plot Owners

    Sent from my GT-I9082 using Indian Real Estate Forum mobile app
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  • Originally Posted by Manu87
    Greetings...

    Can any one has information regarding the date of Arbitration Proceedings going on between CPI & BPTP.

    Impactbof the said proceedings on Plot Owners

    Sent from my GT-I9082 using Indian Real Estate Forum mobile app


    Hi
    Greetings

    Plotted licenses have no investment by CPI, as per available information. Besides, if the plot is registered in buyers name, then government is a party to the contract and proof of registry is the ONLY proof of ownership of Property in ANY COURT in the country.

    List of projects contested by CPI are available on the relevant thread, shared here on the forum

    The Arbitration proceedings are a clever bait to keep delaying any reasonable end to the case, which CPI lawyers seen to have taken.

    Cheers
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  • Anyone in forum who purchased parklands plot in resale post march'2014 and not received builder buyer agreement from bptp as format is changed.
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  • I bought it...but it was a registered case, I had submitted documents for mutation on 28th of last month

    Sent from my GT-I9082 using Indian Real Estate Forum mobile app
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  • BPTP may be (I just have a date... like many previous dates which remained tentative) registering my plot in Sector 85 next week (after almost 3 years of possession letter!). I would like to know what things I should be careful about from documentation perspective. As per some earlier posts in this thread, license details, approved drawing no. and revenue estate should be correct in the conveyance deed.
    Any suggestions/tips/don'ts/do's would be really helpful. I don't even completely understand the terms like drawing no. and revenue estate, so pleas consider me naive.

    Thanks a tonne in advance!
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  • Originally Posted by ncrplots
    BPTP may be (I just have a date... like many previous dates which remained tentative) registering my plot in Sector 85 next week (after almost 3 years of possession letter!). I would like to know what things I should be careful about from documentation perspective. As per some earlier posts in this thread, license details, approved drawing no. and revenue estate should be correct in the conveyance deed.
    Any suggestions/tips/don'ts/do's would be really helpful. I don't even completely understand the terms like drawing no. and revenue estate, so pleas consider me naive.

    Thanks a tonne in advance!


    Don't worry registry process will be smooth,Mana builder bura hai but itna bhi nahin.
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  • By the way,How is the PLOT market,Have the plot prices hit rock bottom?

    I mean are they selling for price psqyd equal to circle rates.
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  • In Sector 85 84 this is not the case...but in Sec 75 76 the price are somewhere equal to Circle Rate

    Sent from my GT-I9082 using Indian Real Estate Forum mobile app
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  • Originally Posted by invinci
    Don't worry registry process will be smooth,Mana builder bura hai but itna bhi nahin.


    Hi
    Greetings

    Very convincing.. itna bhi bura nahin hai!!!...:bab (59)::bab (59):
    and that too to ncrplots who is clearly saying that he got registry date THREE YEARS after offer of possession and being charged full amount for final demand+EDC/EEDC+Utility+ESS/STP+Stamp Duty+Registration charges+ CLUB+ IBMS for three years wait for registry!!!.

    PURE NCR main gine chune builder honge aise NAMUNE.

    -No permanent Utility Connections being provided and instead buyers being asked to provide completion certificate as a PRE CONDITION for permanent power, water, sewerage.
    -CLUB under construction 4 kms away, for many years and not sure when it will be delivered
    - ESS/STP charges while nothing has been done on ground and completely illegal.

    God forbid if someone abroad has to get registry done through SPA. List of documents required is always incomplete and buyer has to trust in almighty.

    @NCRPLOTS:
    Be particular about bank signature verification in case of SPA for both buyer and SPA
    SBI 100 challan for verification of ID of SPA holder by DC office,
    Your maintenance BOOKLET and pathetic indemnity bond asking you to surrender all rights (tweak it before submitting)

    Cheers
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