Comments
Hi Rohit,
Could you please provide some update for E-Block, as its a good deal or average and why its getting delayed?
Thanks
Could you please provide some update for E-Block, as its a good deal or average and why its getting delayed?
Thanks
Hi Varun,
I have huge stake in E Block, and since it is just opposite to the villas and a sector road of 45 mtrs passes through it I believe it is one of the best bet.
The delay seems mostly because of rainy season and may be bptp is also waiting to for the exact demarcation of the sector road by govt, most of the dust regarding the issues of sector roads seemed to have settled.
E block is even more lucrative than A or B Block as it has many high end plots and other infra with a shopping arcade in walking distance. Moreover the SRS and RPS development is also in near vacinity so the commercial angle to E block cannot be ruled out.
As of today I am holding my property there and willing to add more.
Rohit
I have huge stake in E Block, and since it is just opposite to the villas and a sector road of 45 mtrs passes through it I believe it is one of the best bet.
The delay seems mostly because of rainy season and may be bptp is also waiting to for the exact demarcation of the sector road by govt, most of the dust regarding the issues of sector roads seemed to have settled.
E block is even more lucrative than A or B Block as it has many high end plots and other infra with a shopping arcade in walking distance. Moreover the SRS and RPS development is also in near vacinity so the commercial angle to E block cannot be ruled out.
As of today I am holding my property there and willing to add more.
Rohit
Dear Rohit,
I have taken on principal sanction from LIC-housing Bank in October, 2009. however, almost one year has lapsed, no progress on construction of E- block has been received so that disbursement can be made by the bank. Due to this reason, I have to give possession fee of Rs. 1003/- three times to the bank. Latest on principal sanction will lapse by the end of September, 2010. Still nothing is happening on construction and disbursement in E-block.
Please guide.
with regards,
Roshani.
I have taken on principal sanction from LIC-housing Bank in October, 2009. however, almost one year has lapsed, no progress on construction of E- block has been received so that disbursement can be made by the bank. Due to this reason, I have to give possession fee of Rs. 1003/- three times to the bank. Latest on principal sanction will lapse by the end of September, 2010. Still nothing is happening on construction and disbursement in E-block.
Please guide.
with regards,
Roshani.
Hi Roshani,
As I said before even I have huge stake in E block and waiting for next demand - as per the last mail from BPTP they said it would start in a month's time - however my feeling is that we may not get next demand before diwali.
Less than 5000 Rs which you may have to spend on loan sanction is sweet nothing compared to the premium you are getting even today - I got a call from a broker to sell one of my 300 sq yd ground floor in E block for a premium of 7 lakhs.
Look at this way - your account would become active with bank the day demand is raised and every one knows that it would around 2 years before you can actually see some sizable population living there - according to the agreement bptp has to deliver this project in 36 months - which means by mid of 2012 so what I feel every day of delay is working in our favor only.
One side the premium is going up and on the other side you do not have to pay the interest. Never seen such a win win situation before in real estate market
Enjoy you investment
As I said before even I have huge stake in E block and waiting for next demand - as per the last mail from BPTP they said it would start in a month's time - however my feeling is that we may not get next demand before diwali.
Less than 5000 Rs which you may have to spend on loan sanction is sweet nothing compared to the premium you are getting even today - I got a call from a broker to sell one of my 300 sq yd ground floor in E block for a premium of 7 lakhs.
Look at this way - your account would become active with bank the day demand is raised and every one knows that it would around 2 years before you can actually see some sizable population living there - according to the agreement bptp has to deliver this project in 36 months - which means by mid of 2012 so what I feel every day of delay is working in our favor only.
One side the premium is going up and on the other side you do not have to pay the interest. Never seen such a win win situation before in real estate market
Enjoy you investment
Any thoughts on V block. Not even sure which sector it falls in.
Dear Rohit,
Thank you for the prompt reply.
As you have said that it seem BPTP will raise next demand for E Block in Diwali i.e. not before November, 2010, do you think, by this speed, this project in E Block, where construction has not yet started, will be completed even by the end of 2012. I have got agreement papers where no specific date for delivery of possession of the flats has been given. Do the 36 months begin from November, 2010 or we may count it from booking of flat in June, 2009. I have invested in this project so that I can shift in my flat as soon as possible. I am spending almost Rs. 12, 000 per month on rent. So, early completion and possession of flat is very important for me.
with regards,
Roshani.
Thank you for the prompt reply.
As you have said that it seem BPTP will raise next demand for E Block in Diwali i.e. not before November, 2010, do you think, by this speed, this project in E Block, where construction has not yet started, will be completed even by the end of 2012. I have got agreement papers where no specific date for delivery of possession of the flats has been given. Do the 36 months begin from November, 2010 or we may count it from booking of flat in June, 2009. I have invested in this project so that I can shift in my flat as soon as possible. I am spending almost Rs. 12, 000 per month on rent. So, early completion and possession of flat is very important for me.
with regards,
Roshani.
Hi,
According to the application the delivery is 36 months from sanction - and believe me it takes just 6 months to build a 3 floor house- you can check what happened in A block.
As far as your rent is concerned under any case that area would not have all infra till 2013 so if you wish to move to that area you can rent in Granduera for lesser rent and can have the feel of the area as well.
wait till nov that is what i can advice
Rohit
According to the application the delivery is 36 months from sanction - and believe me it takes just 6 months to build a 3 floor house- you can check what happened in A block.
As far as your rent is concerned under any case that area would not have all infra till 2013 so if you wish to move to that area you can rent in Granduera for lesser rent and can have the feel of the area as well.
wait till nov that is what i can advice
Rohit
hi... rohit
Want to know the construction update in M - Block and also want to know any appreciation is their in this block ...
Regards,
Shruti
Want to know the construction update in M - Block and also want to know any appreciation is their in this block ...
Regards,
Shruti
hey u guys this rohit looks like a punter of stock markets - like in stock market a punter buys a whole lot of a stock and keeps spreading positive news about it.
to me it looks that this rohit has bought huge lot of property in that area and now he is trying to jack up the prices - he will not sell till he doubles or triples his money
seems like a pakka khiladi from harshad mehta type of stock markets
to me it looks that this rohit has bought huge lot of property in that area and now he is trying to jack up the prices - he will not sell till he doubles or triples his money
seems like a pakka khiladi from harshad mehta type of stock markets
Totally agreed with stocktrader's comments
Hi All,
I have never hidden my intentions of making money from Faridabad's property markets. I liked that area and still see big upside in that area.
Government is doing all the right things about infra and Haryana has been a preferred place for property investment when compared to UP because of political stability.
Faridabad I feel would become next south delhi in a decade. Yes I like to double and triple my investments in Faridabad. Everyone should do that. I say what I feel right and I am sure many of you have made money by investing just because I have posted the right picture and helped you from falling pray to the brokers.
It is the brokers of Naharpar area who want to keep the prices depressed so they can play among themselves. If the prices are low they would be able to make too many transactions.
I see that naharpar is getting freed from the clutches of the brokers and getting in the strong hands. I have seen the panic in one of the big name there when the prices started to rise. Its been years that prices there stayed at a certain level gathering in interest on capital and don't forget there is something called inflation.
If we adjust the inflation and interest paid on the capital in the prices it would be not less then 5 times where it stands today.
HUDA has announced plots in that area which means they are going to provide all the infra.
Friends do not listen to rumors look at the facts and stay invested in Faridabad to make more money.
Thanks
Rohit
I have never hidden my intentions of making money from Faridabad's property markets. I liked that area and still see big upside in that area.
Government is doing all the right things about infra and Haryana has been a preferred place for property investment when compared to UP because of political stability.
Faridabad I feel would become next south delhi in a decade. Yes I like to double and triple my investments in Faridabad. Everyone should do that. I say what I feel right and I am sure many of you have made money by investing just because I have posted the right picture and helped you from falling pray to the brokers.
It is the brokers of Naharpar area who want to keep the prices depressed so they can play among themselves. If the prices are low they would be able to make too many transactions.
I see that naharpar is getting freed from the clutches of the brokers and getting in the strong hands. I have seen the panic in one of the big name there when the prices started to rise. Its been years that prices there stayed at a certain level gathering in interest on capital and don't forget there is something called inflation.
If we adjust the inflation and interest paid on the capital in the prices it would be not less then 5 times where it stands today.
HUDA has announced plots in that area which means they are going to provide all the infra.
Friends do not listen to rumors look at the facts and stay invested in Faridabad to make more money.
Thanks
Rohit
Hi,
if any one wants to sell the elite floor in sec 75 or 76 please contact me [protected]
jain
if any one wants to sell the elite floor in sec 75 or 76 please contact me [protected]
jain
Please follow the link as under to look at outside of a 300 Sq.Yard BPTP Park elite floor. Not very professional. But I promise the next Video that I will take would be better.
http://www.youtube.com/watch?v=QOiDjqEwuXk
http://www.youtube.com/watch?v=QOiDjqEwuXk
well, well, well... too many discussions! Pro n Con, as always like flip sides of a coin and interestingly they carry their own weight as well. Guys, I too have invested my hard earned money (like many others) in the Park Elite project in BPTP. I am a first time investor in real estate. Like many others, I too had the middle class dream of having a home of my own, I made payment o[censored]p to 35% in real cash well before time whenever BPTP raised the demand. But hell, allotment took place in Dec 09 and to much of my bewilderment, my name was nowhere in the list (forget about Sec 85 or Block A/E). I too had my own doubts and whenever I contacted BPTP, they assured me of an allotment, except a confirmed time frame.
So far, sans few of my qualms I tried to be positive about this project and kept my faith in so called 'reputed' company named BPTP. But after going through various articles on the net and forums, my faith seems to be on a shaky ground. I am uncertain about the prospect of my investment. BPTP confirmed a refund along with 9% interest, but that's not something for which I invested in this project. I am contemplating a written complaint to SEBI and/ or consumer court with all the facts and emails in which the company kept on changing their stance. But then that will only delay the proceedings since the matter would be sub judicial. I am sure there are other members as well who have not been allotted floors so far and are closely following this blog for the updates. I seek your advice on what's your feel at this juncture and what is the time frame you guys are looking forward to wait for the allotment (if haven't got/ applied for refund till now).
May be this is the way I am venting my frustration; otherwise too, may be your responses will help me either being more determined to stay put and see through the tough times or take a corrective (legal/ SEBI) action for the redressal of my grievance. Only time will tell.
So far, sans few of my qualms I tried to be positive about this project and kept my faith in so called 'reputed' company named BPTP. But after going through various articles on the net and forums, my faith seems to be on a shaky ground. I am uncertain about the prospect of my investment. BPTP confirmed a refund along with 9% interest, but that's not something for which I invested in this project. I am contemplating a written complaint to SEBI and/ or consumer court with all the facts and emails in which the company kept on changing their stance. But then that will only delay the proceedings since the matter would be sub judicial. I am sure there are other members as well who have not been allotted floors so far and are closely following this blog for the updates. I seek your advice on what's your feel at this juncture and what is the time frame you guys are looking forward to wait for the allotment (if haven't got/ applied for refund till now).
May be this is the way I am venting my frustration; otherwise too, may be your responses will help me either being more determined to stay put and see through the tough times or take a corrective (legal/ SEBI) action for the redressal of my grievance. Only time will tell.
Hi,
What I gather from the previous comment that you are one the not so lucky person who did not get an allotment. Best of my knowledge and information BPTP is refunded money who asked for it.
Please try to understand that not everyone gets an allotment - a factor of luck is always there - Since BPTP has offered you refund with 9% interest, It puts ball in the developers court.
Time and again I have advised to get the refund and look for something in open market. Its been 4 months since BPTP has refunded money to most and in last 6 months the prices have seen constant appreciation in that area.
I am no advocate to advise anyone about the legal options and its outcome, however as a common man and given the situation of Indian route to justice I have a feeling that making matter litigated would delay the refund and normally verdicts may not be in the best interest of the customer, as whatever he might get as respite from the courts could be far less than appreciation of the property prices.
I still believe those who could not get allotment should get the refund and look for something in open markets, the options since June 2009 has increased many folds. Look for something which is ready to move so that you are secured with your investment. I know that ready to move would have a steeper price tag but things without risk does not come cheap.
Softlaunches are always risky - those who do not have risk appetite and enough funding available must never go for them.
By the way - there are instances of DDA holding back money for 30 years :)
Thanks
Rohit
What I gather from the previous comment that you are one the not so lucky person who did not get an allotment. Best of my knowledge and information BPTP is refunded money who asked for it.
Please try to understand that not everyone gets an allotment - a factor of luck is always there - Since BPTP has offered you refund with 9% interest, It puts ball in the developers court.
Time and again I have advised to get the refund and look for something in open market. Its been 4 months since BPTP has refunded money to most and in last 6 months the prices have seen constant appreciation in that area.
I am no advocate to advise anyone about the legal options and its outcome, however as a common man and given the situation of Indian route to justice I have a feeling that making matter litigated would delay the refund and normally verdicts may not be in the best interest of the customer, as whatever he might get as respite from the courts could be far less than appreciation of the property prices.
I still believe those who could not get allotment should get the refund and look for something in open markets, the options since June 2009 has increased many folds. Look for something which is ready to move so that you are secured with your investment. I know that ready to move would have a steeper price tag but things without risk does not come cheap.
Softlaunches are always risky - those who do not have risk appetite and enough funding available must never go for them.
By the way - there are instances of DDA holding back money for 30 years :)
Thanks
Rohit
Voilà... the much expected response from Mr. Rohit. Thanks for putting my comments in your own pro way. Please don't write just for the sake of it! and by the way, there is a difference between DDA and BPTP, need not to explain how...
Hi,
I feel there is no difference between DDA and BPTP, both are developers, both do unexpected things however public do not say anything about DDA because most of them always think that when they apply in project in DDA it is likely to be rejected however with private developer they take it for granted.
I understand the frustration of those who have been not alloted, however what difference does it makes ? for a long period of time park elite floors were available much without premium and sometimes in discount, why anyone so obsessed by this project did not buy on a resale ?
There are always nay sayers and there are people who always oppose for the opposition sake, well it is life and not everyone gets their share of stars.
I feel there is no difference between DDA and BPTP, both are developers, both do unexpected things however public do not say anything about DDA because most of them always think that when they apply in project in DDA it is likely to be rejected however with private developer they take it for granted.
I understand the frustration of those who have been not alloted, however what difference does it makes ? for a long period of time park elite floors were available much without premium and sometimes in discount, why anyone so obsessed by this project did not buy on a resale ?
There are always nay sayers and there are people who always oppose for the opposition sake, well it is life and not everyone gets their share of stars.
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