After a long wait HUDA announced plot Scheme in Greater Faridabad Sec 77 Sec 78 . The size of plots are 4 Marla, 6 Marla, 8 Marla, 10 Marla, 14 Marla and 1 Kanal. The scheme will commence from 19th October 2015. More details are here

HUDA Plot Scheme In Sector 77 And 78, Faridabad -
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  • Is it Worth

    Is this worth the investment? if i am not mistaken Sector-77 has BPTP plots already available and no takers.
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  • What are the rates for BPTP plots in the area?
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  • The scheme will commence from 19 Oct and before last day Authority will extend last date to one month and will earn interest on hard earned money of applicants for almost 7 to 8 months.
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  • The rates are even higher than the prevailing market rates......so what is the point of attraction .....
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  • Some of the existing sectors of HUDA are still undeveloped so whts the point to get new scheme?
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  • HUDA plots have always been attractive like a hot cake. Recent example was Faridabad sector-56A, where HUDA received more than 60000 applications for ~450 plots. If HUDA allots residential plots in sector 77-78, it will also build the internal sector roads, markets & park etc in these sectors.

    The premium on HUDA plots in naharpar area will automatically push the prices of existing BPTP plots also upwards. (By the way, any above average location plot in BPTP Ph1&2 is already selling @30-40K/sq yd)
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  • Any more experts on Faridabad RE who could comment whether one should go for these plots as an investment and/or quick money by flipping?
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  • Originally Posted by cgd3psg
    HUDA plots have always been attractive like a hot cake. Recent example was Faridabad sector-56A, where HUDA received more than 60000 applications for ~450 plots. If HUDA allots residential plots in sector 77-78, it will also build the internal sector roads, markets & park etc in these sectors.

    The premium on HUDA plots in naharpar area will automatically push the prices of existing BPTP plots also upwards. (By the way, any above average location plot in BPTP Ph1&2 is already selling @30-40K/sq yd)


    True but i live here in sec 48 but no markets and no boundary walls towards SGM Nagar so empty plots has become dumping grounds for people
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  • Originally Posted by cgd3psg
    HUDA plots have always been attractive like a hot cake. Recent example was Faridabad sector-56A, where HUDA received more than 60000 applications for ~450 plots. If HUDA allots residential plots in sector 77-78, it will also build the internal sector roads, markets & park etc in these sectors.

    The premium on HUDA plots in naharpar area will automatically push the prices of existing BPTP plots also upwards. (By the way, any above average location plot in BPTP Ph1&2 is already selling @30-40K/sq yd)

    it's because of the perception that govt schemes are always better than the private offerings.

    That may be true to some extent however of late things have leveled out as the real estate markets are showing a stagnation in faridabad and correction everywhere else.

    Moreover the attitude of huda towards the completion of development work all across faridabad is another turn off for most of the investors.

    The last scheme of dda was a kind of flop when so many people applied and many gave up their allotted flats.

    Rohit
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  • Price of HUDA plot between 21-26K in Sector 77/78 seems the lower than current going rate in G.Fbd. Though in ground no takers !!!

    What's wring going on with PLOT which is called to be the safest and never loss investment !!

    Plus, Is applying for HUDa plot at this rate is worth ?? Seniors please put some lights

    Thanks
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  • Huda plot sec 77/78

    Originally Posted by shyamsundar
    price of huda plot between 21-26k in sector 77/78 seems the lower than current going rate in g.fbd. Though in ground no takers !!!

    What's wring going on with plot which is called to be the safest and never loss investment !!

    Plus, is applying for huda plot at this rate is worth ?? Seniors please put some lights

    thanks


    hi please suggest should one apply or not
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  • Is anyone applied here or planning to apply ?
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  • Case against HUDA for not including reservations in Sec 77/78 Scheme

    Faridabad : Civil Suit has been filed for stay the proceedings of allotment of residential plots in Sector 77 & 78.
    Notice has been issued to Administrator and estate officer HUDA by court.
    Suit has been filed by three plaintiffs who are advocates 1. Shiv Kumar Joshi 2. Vinod Yadav 3. Vipin Yadav, practicing lawyer in Faridabad.
    As per Vinod Yadav Advocate one of plaintiff, that HUDA is inviting applications in an arbitrary and vexatious manner as they are inviting applications for residential plots only from General Category persons. while as per policy framed by HUDA itself. They are duty bound to reserve 5% of residential plots and invite applications for Advocates too who are practicing in that Urban area where new sectors are to be floated. Next date of hearing is 29-10-2015

    Civil Suit has been filed in Court for stay the proceedings of allotment of Residential Plots in sector 77 & 78 | Haryana AbTak
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  • Is it advisable to apply now?
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  • Can someone please suggest if any bank or financial institution financing this scheme ?
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