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Builder floor in Vasundhara

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Builder floor in Vasundhara

Last updated: June 18 2011
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  • #11

    #11

    Re : Builder floor in Vasundhara

    today was a bad day. i first went to GolfLinks to take a look at Ashiana Le Residency but only 13th and 14th floor was available and for some reason i can't understand it's 3-4 lakhs more expensive than CR.
    Almost all the projects in CR seem to be almost sold out with only top floors left and the ones available have a waiting period of 1 year or so.

    Next week, I will do an excursion to RNE and then ponder. How are the RTM options in Greater Noida ?

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    • #12

      #12

      Re : Builder floor in Vasundhara

      Originally posted by prodigy View Post
      today was a bad day. i first went to GolfLinks to take a look at Ashiana Le Residency but only 13th and 14th floor was available and for some reason i can't understand it's 3-4 lakhs more expensive than CR.
      Almost all the projects in CR seem to be almost sold out with only top floors left and the ones available have a waiting period of 1 year or so.

      Next week, I will do an excursion to RNE and then ponder. How are the RTM options in Greater Noida ?
      Few days before I already let all members know that after GN / NE Land Disputes all RTM properties of GZB region being sold very rapidly, today I go to RNE for my other friends booking and surprise to see than in Ashiana Palm Courts , SG , Ajanara Grace just 40 TOP RTM Floors was left TOTAL.

      Now if you want then you can also visit RNE, this is also a good upcoming location in GZB because due to very good infra is being developed for this area hence after 1 years this area will have very good connectivity. At this time RNE is 14 km far from Noida 62 which will reduce to 10 km next year, Vaishali Metro / Dilshad Garden Metro / Anand Vihar all 12-15 KM from RNE. Just visit few societies of RNE and then as usual choice is yours, I personally like this area a lot (but not hope the same for others because its all personal). You can check RTM in Ajanara Grace , KDP , SG , Classic Residency ..... in RNE. For more information you can read all the replies of thread
      http://www.indianrealestateforum.com...lik-18270.html

      If you do not like RNE or do not find any property in RNE which suites you then next option go to OLD GN Near Puri Chawk . GN Puri Chawk is also a good area and in 30-35 Lac you can get good RTM options but few issue in GN is that it is 30+ KM far from Delhi & 25+ KM far from Noida. All Railways / ISBT / CP are more than 40+ KM far from GN. GN is the only city in whole NCR which give even negative return during last 5 years , I do not know the exact reasons of these but personally I like GN infrastructure which is very good.

      What ever is our search options do let us know, such discussion help several other members also.
      Last edited June 5 2011, 11:11 PM.

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      • #13

        #13

        Re : Builder floor in Vasundhara

        just 3 weeks back i was in Gaur global village and 14 and above floors will still available. in couple of weeks there is only 2-3 flats left in the ready to move A and B tower and 1-2 left in C and D tower for which posession will be given mid 2012 or later.

        similar was the state of affairs in golflinks, 4-5 units left. I will visit RNE next weekend and probably i guess your figure of 40 RTM would be down to 15 by then and even if i like something by the time i can arrange money and book it, it will be gone !!!

        i wish RE in this country was based on fundamentals and not sentiments. anyways, the builder floors and especially combined units are making a lot more sense in todays market. more i think of it, more sense they make. combined units have somewhat the feel of a society with parking and apartment style but i read a lot of negatives of combined units, that they are illegaly built by builders (kitchen issue) and that resale of such CU is difficult.

        if the RNE doesn't click then i'll be back with my search of a good builder floor.

        saurabh, which are the good sectors of vasundhara. the couple of builder floors and combined units i saw were in sector 1 which was underdeveloped. in vasundhara, where should i look for a builder floors and or combined units.

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        • #14

          #14

          Re : Builder floor in Vasundhara

          Originally posted by prodigy View Post
          just 3 weeks back i was in Gaur global village and 14 and above floors will still available. in couple of weeks there is only 2-3 flats left in the ready to move A and B tower and 1-2 left in C and D tower for which posession will be given mid 2012 or later.

          similar was the state of affairs in golflinks, 4-5 units left. I will visit RNE next weekend and probably i guess your figure of 40 RTM would be down to 15 by then and even if i like something by the time i can arrange money and book it, it will be gone !!!

          i wish RE in this country was based on fundamentals and not sentiments. anyways, the builder floors and especially combined units are making a lot more sense in todays market. more i think of it, more sense they make. combined units have somewhat the feel of a society with parking and apartment style but i read a lot of negatives of combined units, that they are illegaly built by builders (kitchen issue) and that resale of such CU is difficult.

          if the RNE doesn't click then i'll be back with my search of a good builder floor.

          saurabh, which are the good sectors of vasundhara. the couple of builder floors and combined units i saw were in sector 1 which was underdeveloped. in vasundhara, where should i look for a builder floors and or combined units.
          Don't worry for RNE, there are much more RTM supply in RNE because there are more than 10 builders are providing RTM flats at this time in RNE. Options are being reduced day by day but still in RNE you will get much more options. In my opinion RTM in any society is possession with in 6 months ie before Dec 2011.

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          • #15

            #15

            Re : Builder floor in Vasundhara

            Originally posted by prodigy View Post
            Next week, I will do an excursion to RNE and then ponder. How are the RTM options in Greater Noida ?
            If your office is in sector-126 Noida then looking for RTM options in GNoida near Pari chowk makes sense. Look for RTM properties only in societies and areas where people are already living and not the units that will be ready in next few months or years. I suggest spending a weekend there and looking at available RTM options in that area before making the final decision.

            There was some news about 2 years ago in newspapers that floors in Ghaziabad were illegal. Questions have been raised about legality of floors in Ghaziabad from time to time even though banks are giving loans for builder floors in that area since forever. I have 2 friends living in floors in Vaishali since 2004 and they bought their floors with bank loans only. You can google for more info. To be on the safer side go for a society flat only in Ghaziabad.

            I even sent a RTI to GDA in December, 2009 to ask about the legality of builder floors in Vaishali but never got the reply from them and I didn't follow up or escalate the RTI to next level because I invested my money somewhere else and had lost interest in Ghaziabad.

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            • #16

              #16

              Re : Builder floor in Vasundhara

              RTM in Greater Noida makes sense as long as I work in Sec 126. Being an IT professional, I am not sure how long i'll be there and in future, i might work in sec 62 and i have not completely closed the door on going back to my another home in hyderbad. in that case, i do need to consider rental income too

              Comment

              • #17

                #17

                Re : Builder floor in Vasundhara

                Originally posted by Mogammo
                Punjabi Sir If you had made any mistake due to any hurry or due to not any proper investigations then it doesn't mean that all builders floors are unapproved in GZB. At least 14 Lac public of GZB lives in builders floors during last 15 years. GZB is much more secure than GN all know it very well, GZB has completely freehold land while GN has several unauthorized / leaseholds / disputed lands.

                Give me 1 very simple answer that even after the development of 20 years why GN total population is only 2 Lac at this time? and despite having one of the best infrastructure of NCR why public gives least priority to GN for living and highest priority to GZB which have 50 Lac population at this time in NCR (highest after Delhi).

                Read below post from other forums. It will open your eyes for GN. There are several of such comments about GN by different investors. Due to very very less population density still lots of member of this forum say GN as a GHOST TOWN where nobody can walk after 9 PM
                I already said that bank loans are available on floors in Ghaziabad and 2 of my friends are living in floors in Vaishali that they bought with bank loans.

                On the other hand it is a well known FACT that stories have appeared in newspapers in last 1-2 years that raise questions on legality of floors in Ghaziabad. You are pointing to posts by forum members who have stated their opinions. I guess you don't understand the difference between opinions and facts.

                Further you may have noticed that I didn't mention the name of any particular project or builder because I am not a broker in GNoida or Ghaziabad.

                Finally, let me quote an article from Hindustan Times, which has stated the issue in clear words;

                HindustanTimes-Print

                Housing rules flouted with élan

                Planning to buy a flat/floor in Ghaziabad? Check out the legality of its ownership.

                In a reply received under the Right to Information (RTI) Act from Ghaziabad Development Authority (GDA), floors/flats developed on a single-unit plot residential property cannot be sold to different people. RTI activist Sachin Soni had sought this reply.

                But officials admit there are numerous instances when builders construct several units on their plots and sell them to different people.

                “Such properties are illegal and their subsequent owners have no legal right to ownership (barring a few exceptions),” GDA outgoing secretary Raj Kumar Sachaan said.

                However, it’s difficult to strictly adhere to the rule. Additional district magistrate (Finance) Sarvjeet Ram: “More than 50 per cent of the city would have to be demolished if action is initiated against such properties.”

                “The Master Plan is fractured on a large scale as corrupt officials are hand-in-glove with such builders,” said S.P. Singh, a Rajnagar resident.

                “In most cases, the original builders run away after registering and selling such properties. To check such constructions, we take affidavits from the original owner that he will not sell the property to multiple people after construction. It is the responsibility of the registry department to check these details before registration,” Sachaan said.

                “We are only concerned with collecting revenue through registries and stamp duty,” Ram countered.

                Comment

                • #18

                  #18

                  Re : Builder floor in Vasundhara

                  Originally posted by ThePunjabi View Post
                  Good Punjabi bhai, buyer should know each & every thing before purchasing property in any area.

                  If you read my old threads then I also let you know the clear situation of plot sizes which are approved and not approved by GDA for making builder floors. If builder is agree to provide a Loan from PSU banks then no problem of illegal. Try to take flats in builders floor of size more than 200 SM or 350 SM. I my self has 2 builder floors in GZB and both has no issues, for both I taken loans from OBC , Canara PSU banks.

                  As for your below news, please check that this news was 1.5 years old hence if most of the builders floors are really illegal in GZB then during last 1.5 years you can see at least 150 news in several news papers. while purchase we should be very carefully and check each & every thing but again it's good to be cautious but not good to be over cautious. Delhi builders floors really has several issues and lots of news you can see about them but are they are not being sell? or all of them are illegal?

                  Peeyush Khandelwal, Hindustan Times
                  Ghaziabad, August 10, 2009
                  Housing rules flouted with élan


                  Planning to buy a flat/floor in Ghaziabad? Check out the legality of its ownership.
                  In a reply received under the Right to Information (RTI) Act from Ghaziabad Development Authority (GDA), floors/flats developed on a single-unit plot residential property cannot be sold to different people. RTI activist Sachin Soni had sought this reply.

                  But officials admit there are numerous instances when builders construct several units on their plots and sell them to different people.

                  “Such properties are illegal and their subsequent owners have no legal right to ownership (barring a few exceptions),” GDA outgoing secretary Raj Kumar Sachaan said.

                  However, it’s difficult to strictly adhere to the rule. Additional district magistrate (Finance) Sarvjeet Ram: “More than 50 per cent of the city would have to be demolished if action is initiated against such properties.”

                  “The Master Plan is fractured on a large scale as corrupt officials are hand-in-glove with such builders,” said S.P. Singh, a Rajnagar resident.

                  “In most cases, the original builders run away after registering and selling such properties. To check such constructions, we take affidavits from the original owner that he will not sell the property to multiple people after construction. It is the responsibility of the registry department to check these details before registration,” Sachaan said.

                  “We are only concerned with collecting revenue through registries and stamp duty,” Ram countered.
                  Last edited June 6 2011, 06:31 PM.

                  Comment

                  • #19

                    #19

                    Re : Builder floor in Vasundhara

                    Originally posted by saurabh2011 View Post
                    If you read my old threads then I also let you know the clear situation of plot sizes which are approved and not approved by GDA for making builder floors. If builder is agree to provide a Loan from PSU banks then no problem of illegal. Try to take flats in builders floor of size more than 200 SM or 350 SM. I my self has 2 builder floors in GZB and both has no issues, for both I taken loans from OBC , Canara PSU banks.
                    2009 is when I checked the situation for the first and last time. Since then I have not seen any government notification telling me that floors are legal for so and so plot size. There is nothing in writing about any floor being legal.

                    Fundamentally, it is sab chalta hai, tension nahi lene ka way of life of our country.

                    I agree that we should know all facts and If someone is comfortable even after knowing all facts, then it is OK.

                    People buy properties in illegal colonies in Delhi all the time and there are not even papers for clear title in those colonies. That is the risk people take knowingly and willingly. More power to them.

                    I guess this is the end of this debate for me. Thanks.
                    Last edited June 6 2011, 06:57 PM.

                    Comment

                    • #20

                      #20

                      Re : Builder floor in Vasundhara

                      Originally posted by ThePunjabi View Post
                      2009 is when I checked the situation for the first and last time. Since then I have not seen any government notification telling me that floors are legal for so and so plot size. There is nothing in writing about any floor being legal.

                      Fundamentally, it is sab chalta hai, tension nahi lene ka way of life of our country.

                      I agree that we should know all facts and If someone is comfortable even after knowing all facts, then it is OK.

                      People buy properties in illegal colonies in Delhi all the time and there are not even papers for clear title in those colonies. That is the risk people take knowingly and willingly. More power to them.

                      I guess this is the end of this debate for me. Thanks.
                      Thanks Punjabi bhai, you really provide good information for this thread , we also must know such issues before buying. I appreciate you for this. As a buyer POV reading negative points are also equally beneficial as positive points for that area.

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