Comments
Dear Rohit,
I m working with Indian Air force and have seen that you have good hold on this whole issue, so I request you to give me any idea about the construction status and the location of my unit as well.
As currently, I m posted in Bangalore and my son, who booked this floor is in Singapore..
I will really be thankful to you, my son, if you can give me the exact staus and the future situation of my unit as well.
I have E-11/12 GF - 250 Yards Luxary in E block..
Thanks,
Ramjeevan Katiyar
I m working with Indian Air force and have seen that you have good hold on this whole issue, so I request you to give me any idea about the construction status and the location of my unit as well.
As currently, I m posted in Bangalore and my son, who booked this floor is in Singapore..
I will really be thankful to you, my son, if you can give me the exact staus and the future situation of my unit as well.
I have E-11/12 GF - 250 Yards Luxary in E block..
Thanks,
Ramjeevan Katiyar
Mr Katiyar,
E-11/12 is a west facing unit on 12 mtr internal road, however there is a taxi stand (as per map) just opposite to your unit.
there is also existing road around 120deg nw passing behind your block. 45mts sector road is around 100 mts north from your unit.
Looks good investment as it should be approachable even today from existing road.
@Krishna
I am not tracking park arena project as of today to me it appeared little overvalued.
Thanks
Rohit
E-11/12 is a west facing unit on 12 mtr internal road, however there is a taxi stand (as per map) just opposite to your unit.
there is also existing road around 120deg nw passing behind your block. 45mts sector road is around 100 mts north from your unit.
Looks good investment as it should be approachable even today from existing road.
@Krishna
I am not tracking park arena project as of today to me it appeared little overvalued.
Thanks
Rohit
Hello Rohit,
I am also holder of park elite floor, could you please provide me update for V block, how is the area coming and how is the location.How is the construction coming up there.My unit is 300 sq yd and ground floor, facing 24 mtr wide road.
Regards,
Nitin Sawhney
I am also holder of park elite floor, could you please provide me update for V block, how is the area coming and how is the location.How is the construction coming up there.My unit is 300 sq yd and ground floor, facing 24 mtr wide road.
Regards,
Nitin Sawhney
Hi, Mr. Rohit and Mr. Nitin,
I would like to know why LIC /HDFC is not funding entire V block ? I am told that it can't funded in future too. Please write back to me the reason. Even neither on 24 meter East facing nor 60 meter north facing Elite Floors. The construction on 24 meter road is now on second floor (till[protected]. On 60 meter sector road only BPTP started construction of 250 Sq Yard Elite floor. They have not started construction on 300 Sq Yard. I have terminated the deal to buy ground Elite Floor on 300 sq yard because of lack of financial assistance from LIC / HDFC. I am afraid how people are paying instalments in V block without financial assistance from leading bank. Need assistance please
Snehil ([protected]@gmail.com)
I would like to know why LIC /HDFC is not funding entire V block ? I am told that it can't funded in future too. Please write back to me the reason. Even neither on 24 meter East facing nor 60 meter north facing Elite Floors. The construction on 24 meter road is now on second floor (till[protected]. On 60 meter sector road only BPTP started construction of 250 Sq Yard Elite floor. They have not started construction on 300 Sq Yard. I have terminated the deal to buy ground Elite Floor on 300 sq yard because of lack of financial assistance from LIC / HDFC. I am afraid how people are paying instalments in V block without financial assistance from leading bank. Need assistance please
Snehil ([protected]@gmail.com)
Hai all,
This is just to share with all concerned. Yesterday I'd visited certain locations in BPTP Parklands where construction for Elite Floors is going on. The samples seem to be very attractive though in place of wooden floor mentioned, they have laid tile flooring. Location of blocks A & B is very very good. Myself holds a unit as P-4/16 GF. Slabs for second floor have been cast in this row. Construction is is full swing all around P Block.
Bijender.
This is just to share with all concerned. Yesterday I'd visited certain locations in BPTP Parklands where construction for Elite Floors is going on. The samples seem to be very attractive though in place of wooden floor mentioned, they have laid tile flooring. Location of blocks A & B is very very good. Myself holds a unit as P-4/16 GF. Slabs for second floor have been cast in this row. Construction is is full swing all around P Block.
Bijender.
Hi,
I am not aware that hdfc has denied to finance V block, my suggestion is you should talk to bptp about this directly or even try talking to pnb.
In fact I have not seen V block so it would not be correct to comment on that block, Time and again I have repeated that I hold huge stake in E block, and I have some stake in P block as well.
I would try to find out more about V block in a week's time, Meanwhile those who do not have the ability and willingness to fund the demand from their own sources should book profits and look for something where finance is available.
I have never commented before about politics of land acquisition by huda for sector roads, however I have learned from sources that most of opposing parties have actually taken the payment.
Faridabad is kept suppressed with some motive of pushing up some other areas, the glaring examples are non opening of badarpur flyover and metro only till sarita vihar.
I remember one township where similar stuff happened, big guys kept the prices low so they can buy more after booking profits from other areas.
So, once again plain and simple advice, around diwali expect another 10 to 30% rise in prices and those who are worried must exit at that time.
Rohit
I am not aware that hdfc has denied to finance V block, my suggestion is you should talk to bptp about this directly or even try talking to pnb.
In fact I have not seen V block so it would not be correct to comment on that block, Time and again I have repeated that I hold huge stake in E block, and I have some stake in P block as well.
I would try to find out more about V block in a week's time, Meanwhile those who do not have the ability and willingness to fund the demand from their own sources should book profits and look for something where finance is available.
I have never commented before about politics of land acquisition by huda for sector roads, however I have learned from sources that most of opposing parties have actually taken the payment.
Faridabad is kept suppressed with some motive of pushing up some other areas, the glaring examples are non opening of badarpur flyover and metro only till sarita vihar.
I remember one township where similar stuff happened, big guys kept the prices low so they can buy more after booking profits from other areas.
So, once again plain and simple advice, around diwali expect another 10 to 30% rise in prices and those who are worried must exit at that time.
Rohit
Hi All,
Today I came across someone very big in real estate investing ofcourse he is not from India, he has given me a thumbrule of finding a great deal.
Simple rule is if the price is less than 20 times of the projected annual rent - its a great buy.
Try this in your area
rohit
Today I came across someone very big in real estate investing ofcourse he is not from India, he has given me a thumbrule of finding a great deal.
Simple rule is if the price is less than 20 times of the projected annual rent - its a great buy.
Try this in your area
rohit
If any one interested to sell his or her Elite Floor on 300 Sq yard. Not interested in N-block (because of Cremation site, H-block because of more than 500 EWS units) and of course south facing.Other facing is OK. please mail me your mobile on my id [protected]@gmail.com immediately regarding premium part. Loan application is in the pipe line, I have tp choose a unit for purchase..
Hi,
This is Not my formula of calculating the price of the property, however I got this thumbrule from someone who started from rags and is counted in one of biggest investors in real estate.
As far as the property prices and stock market performance is concerned I have somewhat different view.
Japan is in bear markets for 21 years now but the prices of property has moved up by 14 fold there; Chinese markets are down 10% year to date and property prices there have doubled. Srilankan stock markets have given 3 times return this year but property prices there are up by just 50%
Calculation of property prices are dependent on various factors - the biggest of that is location after that demand and supply then perception and then sentiment.
India is a growing economy so it is more likely that more families will split from joint to nuclear family because of job requirement or otherwise. Thus pushing up demand for 2bhk units. More and more people are shifting to metros like Delhi, Mumbai, Bangalore etc so the property prices in these cities and its satellite towns will see huge rise.
Inflation plays another key role in the prices of the property, since interest rates are bound to go up when inflation rises the return of investment would go down and in order to compensate for that loss the investor will ask for what I call inflation adjusted and interest accommodated prices.
Greater faridabad enjoys unique location advantage. None of the major business place is more than 30 km away from that place. Wait for 5 years and you will see a new bridge coming up on yamuna which would link noida and greater faridabad directly.
If my calculations are correct the by the end of 2017 the property prices would be 7 times of what it was in 2009.
Rohit
This is Not my formula of calculating the price of the property, however I got this thumbrule from someone who started from rags and is counted in one of biggest investors in real estate.
As far as the property prices and stock market performance is concerned I have somewhat different view.
Japan is in bear markets for 21 years now but the prices of property has moved up by 14 fold there; Chinese markets are down 10% year to date and property prices there have doubled. Srilankan stock markets have given 3 times return this year but property prices there are up by just 50%
Calculation of property prices are dependent on various factors - the biggest of that is location after that demand and supply then perception and then sentiment.
India is a growing economy so it is more likely that more families will split from joint to nuclear family because of job requirement or otherwise. Thus pushing up demand for 2bhk units. More and more people are shifting to metros like Delhi, Mumbai, Bangalore etc so the property prices in these cities and its satellite towns will see huge rise.
Inflation plays another key role in the prices of the property, since interest rates are bound to go up when inflation rises the return of investment would go down and in order to compensate for that loss the investor will ask for what I call inflation adjusted and interest accommodated prices.
Greater faridabad enjoys unique location advantage. None of the major business place is more than 30 km away from that place. Wait for 5 years and you will see a new bridge coming up on yamuna which would link noida and greater faridabad directly.
If my calculations are correct the by the end of 2017 the property prices would be 7 times of what it was in 2009.
Rohit
Hi,
Japan came into downtrend after 30 years of bull markets :) and japan's stock markets are down 80% from its peak of 1989
You can get more information in this presentation.
http://www.slideshare.net/me4picks/india-2035
Rohit
Japan came into downtrend after 30 years of bull markets :) and japan's stock markets are down 80% from its peak of 1989
You can get more information in this presentation.
http://www.slideshare.net/me4picks/india-2035
Rohit
Hi Rohit,
Can you please inform me abt the prospects of M block. bcoz I heard that there is some cremation ground near the location
Thanks
Sarab
Can you please inform me abt the prospects of M block. bcoz I heard that there is some cremation ground near the location
Thanks
Sarab
Hi Sarab,
Cremation ground is there in M Block, however I don't feel that is a reason to panic except if your unit is within 200 mtrs of the actual cremation ground.
HDFC Delhi office in Munirka is just besides the cremation ground, munirka dda flats flats are opposite to the munirka cremation ground.
Oberai hotel is within 200 mtrs from another cremation ground, what is important here is to check if your unit lies in the way to cremation ground or if your unit is too near to the actual place of cremation.
This can easily be done with very little effort, get a map from any of the broker, identify your unit there go to the actual place o[censored]nit and then the cremation ground, get the gps location of both, after that check them on google earth.
I am sure you will see some surprising facts :)
Thanks
Rohit
Cremation ground is there in M Block, however I don't feel that is a reason to panic except if your unit is within 200 mtrs of the actual cremation ground.
HDFC Delhi office in Munirka is just besides the cremation ground, munirka dda flats flats are opposite to the munirka cremation ground.
Oberai hotel is within 200 mtrs from another cremation ground, what is important here is to check if your unit lies in the way to cremation ground or if your unit is too near to the actual place of cremation.
This can easily be done with very little effort, get a map from any of the broker, identify your unit there go to the actual place o[censored]nit and then the cremation ground, get the gps location of both, after that check them on google earth.
I am sure you will see some surprising facts :)
Thanks
Rohit
Hi,
Thanx for the feedback about the slide show. All economic and social indicators are pointing towards what has been written in that slideshow.
Just for small information that slideshow is made after 2 years of research as it was required by someone real big :) that big that his company is part of Nifty :)
Everyone is free to accept or reject anyone's view and take the decisions what he feels best for his own circumstances.
India is on the path of growth and I can feel that, more people are demanding better living and working conditions, the savings as the older generation knows is going down, the use of plastic is rising, banks are lending money on the base of future income rather than on real assets.
These are just few classical signs of what is there in that slide show. The last page clearly shows what may happen if it does not pans out as described, so if the method and path is defined then the outcome should be to as detailed. In case of exception there is really not much to loose. So, go back to 1980s and compare today :)
Rohit
Thanx for the feedback about the slide show. All economic and social indicators are pointing towards what has been written in that slideshow.
Just for small information that slideshow is made after 2 years of research as it was required by someone real big :) that big that his company is part of Nifty :)
Everyone is free to accept or reject anyone's view and take the decisions what he feels best for his own circumstances.
India is on the path of growth and I can feel that, more people are demanding better living and working conditions, the savings as the older generation knows is going down, the use of plastic is rising, banks are lending money on the base of future income rather than on real assets.
These are just few classical signs of what is there in that slide show. The last page clearly shows what may happen if it does not pans out as described, so if the method and path is defined then the outcome should be to as detailed. In case of exception there is really not much to loose. So, go back to 1980s and compare today :)
Rohit
I hope u guys are diverting from the motto of this forum. it's all about the nitti gritties happen with BPTP projects. Rohit can u plz put some light of the location of P4, 180 sq.yrd. where and how is it located ? as i've alloted a SF in this block.
Hi Everybody,
I have also booked the flat through BPTP in Park Floors sector 76.As per the construction linked scheme i have given them 4 lacs in Oct 2008 and till now no bank is financing the loan.I have knocked every door of almost all the banks but still no bank has agreed on disbursing the loans.I have written almost 7-8 harresment letters to Mr Kabul Chawla(Chairman of BPTP) but with no response.Every third month they are sending the letters to deposit the remaining money and if not done 18% interest would be charged.I think we all have to be together and go to consumer court.
Thanks
Rishi
[protected]
I have also booked the flat through BPTP in Park Floors sector 76.As per the construction linked scheme i have given them 4 lacs in Oct 2008 and till now no bank is financing the loan.I have knocked every door of almost all the banks but still no bank has agreed on disbursing the loans.I have written almost 7-8 harresment letters to Mr Kabul Chawla(Chairman of BPTP) but with no response.Every third month they are sending the letters to deposit the remaining money and if not done 18% interest would be charged.I think we all have to be together and go to consumer court.
Thanks
Rishi
[protected]
HI Rishi,
Park Floors has some issues about bank's financing that was one of the reason I did not go for that, Now things are moving in right direction about the value addition of that area, so even if bptp charges the interest the premium should be much higher to justify that.
This is just another perspective which does not change the fact that in case of Park Floors BPTP has lagged in providing the right support.
I have always maintained one single fact, those who are endusers must never go in for soft launches as there is a huge risk associated. Going for soft launches with dealers pushing hard to end users about the facts is very common, today the broker who sold you that property would raise his both hands, despite of the fact that he might have committed a lot to you at the time of booking.
Moreover there was a frenzy of buying in[protected] as the property prices were going up by the hour at the end of the rally, and most end users who bought at that time facing tough time.
Be clear about your finances always, never over leverage your means, if anyone does not have enough resources and willingness to pay he must always look for something where everything is perfect, otherwise situations like this arises.
All said and done the only way to resolve this issue is 1) Exit if you can at par or with nominal losses 2) Pay the dues from own funds 3) This is bit risky but most will do this only - wait till the property prices rises and /or banks starts financing the project.
Once again softlaunches are speculation and speculation is a game where the risk reward ratio is too high but at the end the risk is the multiplier.
I am generally against the legal route that too consumer courts as the reason being that it gives an opportunity to the builder to further delay the process till supreme court and most o[censored]s do not have time to fight the case till there but at the end everyone should do what he deems fit for his circumstances.
Thanks
Rohit
Park Floors has some issues about bank's financing that was one of the reason I did not go for that, Now things are moving in right direction about the value addition of that area, so even if bptp charges the interest the premium should be much higher to justify that.
This is just another perspective which does not change the fact that in case of Park Floors BPTP has lagged in providing the right support.
I have always maintained one single fact, those who are endusers must never go in for soft launches as there is a huge risk associated. Going for soft launches with dealers pushing hard to end users about the facts is very common, today the broker who sold you that property would raise his both hands, despite of the fact that he might have committed a lot to you at the time of booking.
Moreover there was a frenzy of buying in[protected] as the property prices were going up by the hour at the end of the rally, and most end users who bought at that time facing tough time.
Be clear about your finances always, never over leverage your means, if anyone does not have enough resources and willingness to pay he must always look for something where everything is perfect, otherwise situations like this arises.
All said and done the only way to resolve this issue is 1) Exit if you can at par or with nominal losses 2) Pay the dues from own funds 3) This is bit risky but most will do this only - wait till the property prices rises and /or banks starts financing the project.
Once again softlaunches are speculation and speculation is a game where the risk reward ratio is too high but at the end the risk is the multiplier.
I am generally against the legal route that too consumer courts as the reason being that it gives an opportunity to the builder to further delay the process till supreme court and most o[censored]s do not have time to fight the case till there but at the end everyone should do what he deems fit for his circumstances.
Thanks
Rohit
Hi everybody
Can u be kind enough to let me know about L Block-300 sqr feet's status of the construction and what is the current premium.
thanks
Aradhana Agarwal
Can u be kind enough to let me know about L Block-300 sqr feet's status of the construction and what is the current premium.
thanks
Aradhana Agarwal
HI THIS IS P.K CHADHA
I AM ALSO SAILING IN THE SAME BOAT WITHOUT ALLOTTMENT BUT DID RECIEVED THE E-MAIL FROM BPTP IN THE PAST IN WHICH THEY CONFIMED THE SECOND ALLOTMENT IN 4-5 MONTHS (APPROX IN NOV2010) OR THEY AGREED TO PAY 9% INTEREST ... SO GUYS PL ALSO PL KEEP ME UPDATED WHAT ACTIONS ARE WE TAKING TO GET OUR FLATS RATHER THAN MONEY AS THE PREMIUM AT THIS TIME IS VERY HIGH IN MARKET...[protected]@REDIFFMAIL.COM [protected]
I AM ALSO SAILING IN THE SAME BOAT WITHOUT ALLOTTMENT BUT DID RECIEVED THE E-MAIL FROM BPTP IN THE PAST IN WHICH THEY CONFIMED THE SECOND ALLOTMENT IN 4-5 MONTHS (APPROX IN NOV2010) OR THEY AGREED TO PAY 9% INTEREST ... SO GUYS PL ALSO PL KEEP ME UPDATED WHAT ACTIONS ARE WE TAKING TO GET OUR FLATS RATHER THAN MONEY AS THE PREMIUM AT THIS TIME IS VERY HIGH IN MARKET...[protected]@REDIFFMAIL.COM [protected]
Hi Mr Chada,
The way real estate markets are moving right now I do not expect that premium would come down and if bptp revises the rates on second allotment, which I feel they would for sure as they have come up with another project at much higher price there.
The best option is to take the money and look for something in resale, could be another project if not obsessed with Elite Floors only.
This is just an observation looking at the market conditions, however everyone is free to take their own decisions.
Rohit
The way real estate markets are moving right now I do not expect that premium would come down and if bptp revises the rates on second allotment, which I feel they would for sure as they have come up with another project at much higher price there.
The best option is to take the money and look for something in resale, could be another project if not obsessed with Elite Floors only.
This is just an observation looking at the market conditions, however everyone is free to take their own decisions.
Rohit
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BPTP Crest, Plot #15, Udyog Vihar Phase-IV, Gurgaon, Haryana, India - 122015
I have paid booking amount around 15 days back for the bptp park arena project for 1622 sq ft. 3 bhk + 3 toilet flat in sec 80 faridabad. I have made the deal direct through their faridabad office just opposite their proposed park arena project. The marketing executive promised that the allotment letter shall come in a week but it has not come yet. I have paid booking amount of Rs. 4 lacs along with service tax. The executive had also promised to give me 5% discount.
Please tell me wat should i do.
krishna