Are there any issues with the bptp park prime project in sector 66/67 ? why are rates hovering around 4000 in this project ?
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  • Problem lies with the builder.

    Host of issues on commitment front bptp
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  • Reasons:

    a) Image of the builder.
    b) delivery time line : Due to image of the builder investors/end users don't know when this project will be delivered. This Year Next Year or when
    c) It is affordable flats with minimum specification. Other projects in vicinity are luxury specifications.
    d) If anybody wants to buy today then he has to pay more than 80% of total cost now. After reaching this construction stage builder always delay projects in past.

    Park Prime's price will increase only after the delivery of the project.
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  • Originally Posted by rajggn
    Reasons:

    a) Image of the builder.
    b) delivery time line : Due to image of the builder investors/end users don't know when this project will be delivered. This Year Next Year or when
    c) It is affordable flats with minimum specification. Other projects in vicinity are luxury specifications.
    d) If anybody wants to buy today then he has to pay more than 80% of total cost now. After reaching this construction stage builder always delay projects in past.

    Park Prime's price will increase only after the delivery of the project.

    Hi Raj
    As far as I knowthe construction is on schedule and should be delivered by 2012 end or first quarter 2013.At 4000 sq.ft levels its a good bet considering the others in far off NH8 sectors are already being sold at arnd the same rate for no reason.
    Not too sure about the specs,though one of the issues is that the specs and sizes have been changed a few times which has only hit the builder image.Personally i dnt like the layouts, after altering the specs.
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  • BPTP had/has a terrible reputation because of the Fbad mess and because of their first GGN project in sector 57 (Freedom Park Life) where they joined forces with SS and the project bombed. However, they are really trying to improve their image. Their CRM is much improved and Park Prime is on schedule for delivery in end-2011, Q1-2012. The reason why the prices are still hovering around 4,000-4,500 is because the specs are very basic (check out the sample flat in tower-D) and because people are not expecting BPTP to deliver on schedule. However, there are all signs that they will deliver on time this time - pace of construction is good. If you look at their premium project - Mansions (which is part of the same complex), you will see the prices well above 5,000 like the other projects in the vicinity.
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  • Anybody has discussion with BPTP regarding the time like for delivery. As far as I know this project was launched in early 2008 to it should be delivered in Q1 2012. It is supposed to be delivered in 2011 itself. Please keep posted if anybody has any discussion with BPTP regarding the delivery timeline.
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  • Now the resale price is 5700
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