A lot of companies are advertising for property citing nearness to Dwarka expressway corridor.

Shilas, Indiabulls Centrum Park and Ramprastha Edge Tower come to mind.

Does anybody have news on when this construction will start and when it is likely to finish? Has the contract been awarded and to whom?
Date of completion and start of operation will be vital news for evaluating the pricing of flats sold in this corridor.

Last I heard was that a few houses in Palam Vihar were slated for demolition for this expressway in May June 09 or thereabouts.
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  • Originally Posted by larora
    what about cash/black needed in case of resale.

    for eg. 10 Lac cash that I will pay extra today in resale will be equivalent to paying 14-15 lacs after 2 years due to inflation/decreasing value of money.

    those 4-5 lacs is the difference in fresh and resale. so thats equal
    and with fresh I am trying to push EMI burden/liability for 2 years.


    True

    some conversion of white to black is unavoidable - so you need the downpayment in resale and loan will be only for white component.

    You can get all white resales also - but rare.

    Having this much downpayment is probably a prerequisite for safe property purchase anyway - much safer than big EMI and job insecurity and a flat which might be under construction for years.

    For own use first flat - RTM is the only safe way to go. Booking game is for investors or well of people
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  • Originally Posted by larora
    All these projects are below 5K only in resale. that needs more cash. Nothing is available in fresh below 5K on SPR.

    I give you 2 examples:
    1) AKME ( escort -Nanda group) on direct Nh8, near macdonals. Available in original booking @4750-discount. Construction by Shapoorji Pallonji ..all sites maps etc ready. but end user are showing more interest in godrej at dwx site and busy calculating distance from railway track.
    2) Era skyville sec 69 - premium of just100-200 , final price approx 3800.but ppl are more interested in unallocated units of era in 103/104. Some say there is a village pond in 103 site but still interest remains over there?
    There must be many more such options in the markets...one has to explore in person.
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  • Isnt this the same road that takes you to 104
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  • hahahahaha
    Originally Posted by manu
    Can't win a logical argument so go for character assassination.
    This approach is same as that adopted by Congress against Team Anna members.
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  • Originally Posted by golu11
    I give you 2 examples:
    1) AKME ( escort -Nanda group) on direct Nh8, near macdonals. Available in original booking @4750-discount. Construction by Shapoorji Pallonji ..all sites maps etc ready. but end user are showing more interest in godrej at dwx site and busy calculating distance from railway track.
    2) Era skyville sec 69 - premium of just100-200 , final price approx 3800.but ppl are more interested in unallocated units of era in 103/104. Some say there is a village pond in 103 site but still interest remains over there?
    There must be many more such options in the markets...one has to explore in person.


    Golujee!!!

    Totally agree with your line of thinking...TOTALLY!!!
    There are a lot of hidden gems in the market... All depends upon what exactly are the buyers requirements and what is his risk apetite!! Some of them are so undervalued that sometime it amazes me to see that people are blindly queing up for the new launches without taking into account existing opportunities in the resale market.

    Reminds me of a couplet which I am slightly censoring keeping in mind the rules of IREF and reproducing..

    "Andhe ghode.....race mein daude,
    Gir pade............to uthkar daude,
    Humne poocha...... kyun daude??
    Bole; Sab daude.. to hum bhi daude."
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  • Originally Posted by raumybhan
    Court can any day declare that demands of NPV litigants are highly unreasonable.

    Because Supreme Court had already created a mechanism for stopping unauthorized constructions in NPV in 1997 and 1999, but executive and even High court failed to adhere to it.

    The situation is so that neither litigants nor High Court// executive have covered their base before Supreme court. Thus no one ever would want the matter to go before the Supreme court (except we the investors of NPR), since SC in one sweeping order could just throw the litigants' unreasonable demands away, and order probe against ''executive' officers involved in coming up of NPV, despite the Supreme court order.

    (Both relevant orders of Supreme court attached for reference)


    This was old verdict and materialize on different ground. Here the matter is not removing the unauthorized construction rather than to acquire them and payout the adequate compensation.

    In recent supreme court verdict under any compulsory land acquisition the highest market value has to be paid out. Whatever reference you have given does not imposed in this case and for your kind information this matter was also discussed in court hearing and ruled out.

    Refer below reference of SC verdict:

    Farmers whose land is acquired for a public purpose are entitled to the highest market value as compensation, the Supreme Court held on Friday.
    “When the land is being compulsorily taken away from a person, he is entitled to the highest value which similar land in the locality is shown to have fetched in a bona fide transaction entered into between a willing purchaser and a willing seller near about the time of the acquisition,” said a Bench of Justices P. Sathasivam and J. Chelameswar.
    Writing the judgment, Justice Sathasivam said: “It seems to be only fair that where sale deeds pertaining to different transactions are relied upon on behalf of the government, the transaction representing the highest value should be preferred to the rest unless there are strong circumstances justifying a different course.”
    The Bench held that bona fide sale transactions proximate to the point of acquisition of the land “are the real basis to determine the market value.” It was not desirable to take an average of various sale deeds placed before the authority/court for fixing fair compensation. “The person entitled to the compensation awarded is also entitled to get interest on solatium and additional market value.”
    In the instant case, Colonel Harindar Singh, since deceased, was the former ruler of Faridkot. In 1979, the Punjab government acquired 259 Kanals and 16 Marlas (33 acres) of his land for extension of the existing grain market at Faridkot. The total compensation it awarded including solatium at 15 per cent was Rs.4, 85,202.86. The trial court enhanced it by fixing the value of land at Rs. 1 lakh per acre. The Mehrawal Khewaji Trust, Faridkot, and others were aggrieved over a judgment of the Punjab and Haryana High Court, which refused to interfere with the trial court order. Allowing their appeals, the Supreme Court said: “The materials placed before the Land Acquisition Collector and the Reference Court show that the land is of great potential value inasmuch as the same was strategically located at a commercial hub abutting main roads and surrounded by commercial buildings…” The Reference Court erroneously determined the market price of the appellants' land by averaging the prices of all the three exemplars and thereby awarded a compensation of Rs. 1 lakh per acre.”
    The Bench said the appellants made out a case for enhancement of compensation. “Accordingly, the same is fixed at Rs.1, 45,000 per acre with all other statutory benefits including interest on solatium and additional market value.”
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  • Chakri ji,
    Raumymybhan is trying to make a different point. It is ok that SC has made a provision for compensation as per market rate. You took it for farmers land; but Raumybhan is discussing it for the unauthorized construction coming in the way of DEW. Even if we apply it to the farmer's case it will not help them a lot, reason is court said last BONAFIDE transaction, i.e. buyer shall pay the requisite duty for 15Cr(rates as you mentioned somewhere earlier). No one can find such land in that area which is purchased by making registry for 15 Cr. I am sure...such "on paper" cost of the land per acre will be 60/30 L whatever the Huda is paying them. In fact this is the story of whole Nation. First no body go for real value at the time of registry and cries if govt acquire the land later.
    and the point highlighted below is not strong enough (just my perception). Old verdict doesnt mean that it cannt be referred in recent proceedings. Nevertheless i am quite convinced with the point made by Raumybhan ji, just wondering why somebody has not used this plea in High court so far. Is it the only reason that Court will screw some of the big bosses in govt. for not acting upon the SC directions.
    Requesting the senior members to through some light on it.
    Originally Posted by ultichakri
    This was old verdict and materialize on different ground. Here the matter is not removing the unauthorized construction rather than to acquire them and payout the adequate compensation.

    In recent supreme court verdict under any compulsory land acquisition the highest market value has to be paid out. Whatever reference you have given does not imposed in this case and for your kind information this matter was also discussed in court hearing and ruled out.

    Refer below reference of SC verdict:

    Farmers whose land is acquired for a public purpose are entitled to the highest market value as compensation, the Supreme Court held on Friday.
    “When the land is being compulsorily taken away from a person, he is entitled to the highest value which similar land in the locality is shown to have fetched in a bona fide transaction entered into between a willing purchaser and a willing seller near about the time of the acquisition,” said a Bench of Justices P. Sathasivam and J. Chelameswar.
    Writing the judgment, Justice Sathasivam said: “It seems to be only fair that where sale deeds pertaining to different transactions are relied upon on behalf of the government, the transaction representing the highest value should be preferred to the rest unless there are strong circumstances justifying a different course.”
    The Bench held that bona fide sale transactions proximate to the point of acquisition of the land “are the real basis to determine the market value.” It was not desirable to take an average of various sale deeds placed before the authority/court for fixing fair compensation. “The person entitled to the compensation awarded is also entitled to get interest on solatium and additional market value.”
    In the instant case, Colonel Harindar Singh, since deceased, was the former ruler of Faridkot. In 1979, the Punjab government acquired 259 Kanals and 16 Marlas (33 acres) of his land for extension of the existing grain market at Faridkot. The total compensation it awarded including solatium at 15 per cent was Rs.4, 85,202.86. The trial court enhanced it by fixing the value of land at Rs. 1 lakh per acre. The Mehrawal Khewaji Trust, Faridkot, and others were aggrieved over a judgment of the Punjab and Haryana High Court, which refused to interfere with the trial court order. Allowing their appeals, the Supreme Court said: “The materials placed before the Land Acquisition Collector and the Reference Court show that the land is of great potential value inasmuch as the same was strategically located at a commercial hub abutting main roads and surrounded by commercial buildings…” The Reference Court erroneously determined the market price of the appellants' land by averaging the prices of all the three exemplars and thereby awarded a compensation of Rs. 1 lakh per acre.”
    The Bench said the appellants made out a case for enhancement of compensation. “Accordingly, the same is fixed at Rs.1, 45,000 per acre with all other statutory benefits including interest on solatium and additional market value.”
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  • Originally Posted by neerajgandas
    Chakri ji,
    Raumymybhan is trying to make a different point. It is ok that SC has made a provision for compensation as per market rate. You took it for farmers land; but Raumybhan is discussing it for the unauthorized construction coming in the way of DEW. Even if we apply it to the farmer's case it will not help them a lot, reason is court said last BONAFIDE transaction, i.e. buyer shall pay the requisite duty for 15Cr(rates as you mentioned somewhere earlier). No one can find such land in that area which is purchased by making registry for 15 Cr. I am sure...such "on paper" cost of the land per acre will be 60/30 L whatever the Huda is paying them. In fact this is the story of whole Nation. First no body go for real value at the time of registry and cries if govt acquire the land later.
    and the point highlighted below is not strong enough (just my perception). Old verdict doesnt mean that it cannt be referred in recent proceedings. Nevertheless i am quite convinced with the point made by Raumybhan ji, just wondering why somebody has not used this plea in High court so far. Is it the only reason that Court will screw some of the big bosses in govt. for not acting upon the SC directions.
    Requesting the senior members to through some light on it.


    I don’t know in detail; however as per some information SC direction for unauthorized construction was put in front of bench in one of the hearing. And if believe to sources than this matter was pushed by Puri construction in their petition filed and later on rejected and ruled out by HC.

    There is no transactions been happening from past 7 yrs once the registry was banned by Chautala govt., hence revenue records are not made available to present market value. Thus nearby area where transactions is taking place are Raheja, Sobha , Puri floors etc. where the deal is happening and could be take as reference. Though GPA is invalid, however in sale deed considerations are paid but could not take as reference since those are not reflecting the real value of property and can easily be manipulated, so it is already ruled out.

    Now, took the example of SC verdict whereas highest market value of nearby area has to be paid out by Govt. whereas at apparent transaction value of land being acquiring is not available hence unraveled to abduct the transactions being happening of nearby area. If, I also took the case of recent judgement of Gujarat HC case than they had appointed the agency to find out the highest market value regardless of records of revenue.

    As I already clarified without shelling out huge money and meeting the market rate Authority never-ever would get able to acquire the remaining NPV, Kherki Daula and Daultabad Indl area land/houses.
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  • Would appreciate if anyone could give information urgently about current price in TULIP ORANGE.....

    thanks


    Originally Posted by Venkytalks
    Tulip orange fantastic value for money - dont know about construction details though. Tulip white also good. Some 4500 or so last I checked (many months ago)

    Even the almost ready to move in properties by Unitech and Emmar were available for 5500 or so last I checked - havent followed.

    For end user, fantastic locations.

    Only reason people prefer the pre-launch bookings over these close to finish properties at much lower price is becaue they are investors and not end users - they are only interested in flipping bookings for a profit.

    Only place in DEway which is worth investing in is Ramprastha because it has existing connectivity from NH8 - some 5-10 minutes drive over poor roads, but still connectivity.

    But I might be biased because I have invested in RP
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  • The two orders cited by rambhuyan go a long way in clarifying the litigation
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  • Originally Posted by amit001

    My take avoid D way at 5000+ prices , aur agar karna bhi hain one shud stick to sectors close to Delhi, which are not totally dependent on D way and can share the social infra of palam vihar . I mean palam vihar not the New Palam vihar

    My pov - ofcourse one can disagree

    I will never buy on sectors which are in the middle of nowhere:bab (5):

    Amit Jee...looking at todays circumstances I am sure everyone would agree with you (guess at some level even Myself)

    But I have a strong instinct that 18 mths down the line ...anything below booked below 5000...would feel like crescent parc 2197 bookings...people will beat their head ...what were they doing at that time....


    My pov - ofcourse one can disagree :)

    Amit Jee...looking at todays circumstances I am sure everyone would agree with you (guess at some level even Myself)

    But I have a strong instinct that 18 mths down the line ...anything below booked below 5000...would feel like crescent parc 2197 bookings...people will beat their head ...what were they doing at that time....


    My pov - ofcourse one can disagree :)

    Amit Jee...looking at todays circumstances I am sure everyone would agree with you (guess at some level even Myself)

    But I have a strong instinct that 18 mths down the line ...anything below booked below 5000...would feel like crescent parc 2197 bookings...people will beat their head ...what were they doing at that time....


    My pov - ofcourse one can disagree :)

    Amit Jee...looking at todays circumstances I am sure everyone would agree with you (guess at some level even Myself)

    But I have a strong instinct that 18 mths down the line ...anything below booked below 5000...would feel like crescent parc 2197 bookings...people will beat their head ...what were they doing at that time....


    My pov - ofcourse one can disagree :)
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  • Ho sakta hain dost - When ATS/Aura came at 4300; it looked mighty expensive...Now in hinsight it looks extremely VFM...

    So cant say. You could be right
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  • Why TV media is not much active on this case of litigation on NPV/Kherki Daula like they were in case of Noida Extension? I think if media put some pressure then govt will try to find out some solution like more compensation or alternate route of D-eway. Couple of alternate routes are shown on wikimapia also.
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  • I live in NPV phase -1, yesterday only 1 of the resident whose house is in litigation under DEW told me that they have been told about the realignment of the expressway so as their houses can be saved.

    dont know if this is authentic or not, but still shared with all the folks.

    Thanks


    Originally Posted by larora
    Why TV media is not much active on this case of litigation on NPV/Kherki Daula like they were in case of Noida Extension? I think if media put some pressure then govt will try to find out some solution like more compensation or alternate route of D-eway. Couple of alternate routes are shown on wikimapia also.
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  • Originally Posted by larora
    Why TV media is not much active on this case of litigation on NPV/Kherki Daula like they were in case of Noida Extension? I think if media put some pressure then govt will try to find out some solution like more compensation or alternate route of D-eway. Couple of alternate routes are shown on wikimapia also.


    Because thousand of end users had invested on noida extention ( many of them media personnel themselves).

    When the court orders came;these end users gave dharnas ; marched on the roads, candle march etc.

    How can we expect underwriters of Gurgaon to get out of their Audi and march under a scorching heat -: so unfair?

    Someone had asked me the proof for the statement that there are more investors on DEway than end users.

    this is the proof.
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