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string(1919) "[QUOTE=dineshsays;979714]You wish.
Let me give you an example - one of the worst investment decisions of my life was to buy a built up unit of greater noida authority. 120 sq mt plot with 2 bedroom house fully built up and expandable. Total cost plus registry is 44L (plus 3-4 L fine which can be attributed to me but GNA charges massive interest rate) - anyhow it sounded quite good. Own plot with own expandable house, up n coming area.
The issue is 2 fold - resale rates are anywhere between 38-42, GNA has stopped ALL development in that area (huge land for roads etc available - just no roads), AND have now said one has to pay an addnl 1.8 L over 3 installments so that GNA can pay addnl compensation to farmers. Now if this one comes into effect retrospectively - I dont know how much more they will charge. Infact the COURT has said recover from existing allottees.
So my friend GNA is doing this themselves. They will be very very sympthetic for builders to recover for you and me. Or they will recover by increasing (doubling) circle rates or some such stunt
One should really wish that for WT land JP does not hv to pay addnl compensation.
Anyhow I think with this investment in RE has become so much riskier that I feel really let down by these authorites / politicos /builders actions.
Sent from my GT-I9300 using Tapatalk 2[/QUOTE]
[FONT=Verdana][COLOR=#000000]Even if this extra cost in form of additional compensation to farmers incurred by builders is transferred to existing allottees, would it not proportionately increase the property prices across the region in resale market as well.[/COLOR][/FONT]
[FONT=Verdana][COLOR=#000000][/COLOR][/FONT]
[FONT=Verdana][COLOR=#000000]In such a scenario if the difference in existing cost and cost of unit after levying uch charges is huge, would banks be considerate enough to enhance the existing home loans of their customers.[/COLOR][/FONT]"
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Originally posted by dineshsays
View Post
You wish.
Let me give you an example - one of the worst investment decisions of my life was to buy a built up unit of greater noida authority. 120 sq mt plot with 2 bedroom house fully built up and expandable. Total cost plus registry is 44L (plus 3-4 L fine which can be attributed to me but GNA charges massive interest rate) - anyhow it sounded quite good. Own plot with own expandable house, up n coming area.
The issue is 2 fold - resale rates are anywhere between 38-42, GNA has stopped ALL development in that area (huge land for roads etc available - just no roads), AND have now said one has to pay an addnl 1.8 L over 3 installments so that GNA can pay addnl compensation to farmers. Now if this one comes into effect retrospectively - I dont know how much more they will charge. Infact the COURT has said recover from existing allottees.
So my friend GNA is doing this themselves. They will be very very sympthetic for builders to recover for you and me. Or they will recover by increasing (doubling) circle rates or some such stunt
One should really wish that for WT land JP does not hv to pay addnl compensation.
Anyhow I think with this investment in RE has become so much riskier that I feel really let down by these authorites / politicos /builders actions.
Sent from my GT-I9300 using Tapatalk 2
Let me give you an example - one of the worst investment decisions of my life was to buy a built up unit of greater noida authority. 120 sq mt plot with 2 bedroom house fully built up and expandable. Total cost plus registry is 44L (plus 3-4 L fine which can be attributed to me but GNA charges massive interest rate) - anyhow it sounded quite good. Own plot with own expandable house, up n coming area.
The issue is 2 fold - resale rates are anywhere between 38-42, GNA has stopped ALL development in that area (huge land for roads etc available - just no roads), AND have now said one has to pay an addnl 1.8 L over 3 installments so that GNA can pay addnl compensation to farmers. Now if this one comes into effect retrospectively - I dont know how much more they will charge. Infact the COURT has said recover from existing allottees.
So my friend GNA is doing this themselves. They will be very very sympthetic for builders to recover for you and me. Or they will recover by increasing (doubling) circle rates or some such stunt
One should really wish that for WT land JP does not hv to pay addnl compensation.
Anyhow I think with this investment in RE has become so much riskier that I feel really let down by these authorites / politicos /builders actions.
Sent from my GT-I9300 using Tapatalk 2
In such a scenario if the difference in existing cost and cost of unit after levying uch charges is huge, would banks be considerate enough to enhance the existing home loans of their customers.
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