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Scope of Appreciation in Faridabad

By pankaj, Section Member Diaries
Posted on Fri Aug 04, 2006 at 02:45:29 AM EST

I have read recently that work on Kundli - Sohna - Palwal Highway has started. The contract has been awarded to M/s DS Constructions. Prices at Sohna & Kundli have already appreciated over a period of time. For Genuine users only place that they can afford is Greater Faridabad which is coming up in a big way and reached the stage of Launches by various Builders. What is scope of price appreciation in Thee Years in Faridabad keeping in mind - Taj Expressway and close proximity to South Delhi, Noida, Greater Noida & Gurgaon.

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Scope of Appreciation in Faridabad | 79 comments (79 topical, 0 hidden) | Post A Comment

Triveni faridabaad (5.00 / 1) (#74)
by smartchap on Wed Apr 11, 2007 at 10:29:52 PM EST

Dear Friends,

Whant I can say is that triveni is a fraud company . They have a piece of land and are playing with people by collecting money. jitendra (CEO o findiaspaces) is nothing but only an agent who has made fool out of innocent/greedy people by showing them big dreams on property investment jitendra is only intrested if you had a booking through him I don't think that he is going to help any individual who want his money back, I will try to find such people and then will made a comment with proof.

I am reminding all the people who has put in their money in triveni project to get their money back ASAP . Despite having license they dont have any premium. they dont have any floor plan, no bank funding will be available for next 1 year and jitendra will always give you example of omaxe ... etc .

There is no communication from triveni official, it is next to impossible to meet triveni official specially to mr mittal because meeting to someone else in trivieni has no meaning as their words has no value either its VP marketing.

So please please get your refund ASAP from triveni to safeguard hard earned money . I have no personal rift with triveni but I am writing in the intrest of people .

It is next to impossible to have any information from triveni office on phone, There is no process of documentation.

And last but not the least jitendra is a property dealer and not a CEO of so called it company . today having a website doesn't means he is a CEO of IT company. any body can make a website .

[ Reply to This ]

: The valuations are not cheap even for a prelaunch (none / 0) (#75)
by Unregistered Visitors on Thu Apr 12, 2007 at 03:41:54 AM EST

Let's discuss the issue like a true netizen and not set personal score against each other.
Triveni as a company: The Company collected money from users and secured land at 78 sector. The same land has got a better potential and to tap that the company is planning to sell Villas at astronomical prices. At no point of time, the company thought of its investors. As an investor I would not be comfortable with putting money on their projects in future.
Flats: I own a 3+1 BR apartment. Against a SC area of 1900 sqft, the co. is selling some 1080sqft flats (without balconies). Even an 1800sqft RPS apartment is having about 30% more Drawing/Dining area. All of the new maps from Triveni suck more area and actual utilization is way below.
At 1550/sqft, I am going to get my flat at about 35 lac (including EDC, all securities). So I am paying some 35 lac for 1080sqft of area. That comes about 3200/sqft. For a new booking it would be around 4000/sqft (carpet area only).
With a tight market conditions, rising Interest rates; it is going to be very difficult to earn anything out of it (For the kind of specs that are being offered). And as an end user this does not look anything cheap for an area which at this point of time is all jungle and it would be a gamble for developers and end users. Developers have secured their position so it's the end users who are betting right now.
Saying so, I am still optimistic for the area's future. But I am buying today and the price I should be paying has to be on today's ground reality. Builders are cashing on the greed of investors with no vision of building some reputation. With no rules at bay, poor users are taken at assault. I opted for a BIG 2000sqft luxury flat; it is not going to be more than 1100 sqft or so. When I look at Drawing/Dining of the BIG flat, I feel pity on the architects.
With more than 8000 flats in the supply chain from Triveni itself, it would be miracle to see Triveni outperforming its peers with these kind of tactics. RPS clearly is giving a better value proposition; Triveni with its sheer size could have fared better. Seems, they missed the bus. It means users like me who bought flats for own use, will sell and make premium so that the money can be invested in a better opportunity and a better dwelling unit.
Real estate has seen best of its time. Now let's face ground realities. I think the coming time will teach all these builders as well. Only loyal users will stick to best of the names that made efforts to make a reputation and it would be an end of mushrooming developers feat.

[ Parent | Reply to This ]

Pal Group upcoming projects in Gurgaon Sector 70A (none / 0) (#81)
by Unregistered Visitors on Sat Oct 20, 2007 at 06:01:23 AM EST

Dear All

Can u pl guide me about the upcoming project of PAL Group in sector 70A, they have already open the booking through there dealers, Its rate is 2200/Sq feet.

Any body heard abt this,

Can i go ahead as a pre-launch offer.

Vivek

[ Reply to This ]

Pal Sec 78 and 89 (none / 0) (#78)
by Unregistered Visitors on Mon May 07, 2007 at 08:10:05 PM EST

Hi All,

Does anybody know about the reputation of Pal Group. I have booked 2 flats one in sector 78 and one in section 89 of Pal Group. I believe that Pal has obtained the license in both the sectors. But just now I came to know that they have bought the land through Triveni(Fraud company)...... Do I need to worry about the this. Shall I stop paying my installment? Please advise.

[ Reply to This ]

TRIVENI DARUHERA (none / 0) (#72)
by Unregistered Visitors on Wed Apr 04, 2007 at 01:25:04 AM EST

It was interesting seeing the comments for triveni@faridabad .What about their daruhera project which seems to be going the faridabad way i.e over 9 months have elapsed and no sign of their project.
Should i take the advice of all you wise people at indiaspaces and presume that all I have is A PIECE OF PAPER WITH NO LEGAL VALIDITY AND APPLY FOR A PALTRY REFUND.
Please note that as per the offer document the project was slated to happen within 8 months after which refund could be availed of???????????

[ Reply to This ]

: DHARUHERA (none / 0) (#82)
by Unregistered Visitors on Sat Dec 22, 2007 at 10:06:47 PM EST

Hello
I fully agree with you. I have filed a case againt them and they have taken a cliam in Court that no project was their in Dharuhera. Do you have any evidence pertinent to this project at Dharuhera.
Please feel free to contact me on mjmdrd@yahoo.co.uk
Warm Regards

[ Parent | Reply to This ]

Triveni Plots - Legal status (none / 0) (#63)
by indiaspaces on Thu Mar 29, 2007 at 08:53:28 PM EST

I understand the concern of those who booked plots. Since it is a well researched subject at my end I would like to share the legal aspects of this particular case. I expect that instead of misinterpreting or arguing you would logically understand it and if possible take a legal opinion on it before jumping on a law suit. understand the following -

All payments in case of your bookings have been made in favour of Triveni Ferrous Infrastructure which is a joint outfit of two companies. In this joint company the other thing they came up with was flats in sec 89. Flats in sec 78 and proposed villas is sec 78 are being done in the name of Triveni Infrastructure Decvelopment co ltd. Legally the two are seperate entities. Just like Omaxe-RPS had joint outfit for Green Valley. Now in case of a problem the customer does not have right on any omaxe property in NCR or even same district.
The pmt that has been made is legally nothing but an advance, loan or a deposit. On your receipt or any authorised company stationary no where it mentions sector where in terms of sector an offering would be made, or even the city, the size or the rate.
A legal agreement between the developer and customer is not there at any stage so nothing has been officially committed by builder.
Only little piece of paperwork is the booking form which again the customer has himself signed and not the developer. the terms are like declarations that the customer is accepting before buying. It is one sided. It binds the customer without binding the developer. The form again does not mention any sector.
It is clearly accepted by the customer in the form that in case if the builder is unable to allot he is entitled to full refund with interest.
I believe, the outcome of any legal proceeding would be award of refund with interest from developer which the developer is even otherwise ready to do.
here the project has not come up at all. even if the project is there and licensed even then the builder has the legal right to deny an allotment and pay refund with interest instead. Though a credible developer would normally do so.

most people understand the legal scenario. That is one reason that inpsite of repeated high pitched allegations and statements made not many people respond.

prelaunches have its own set of risks and potholes. And everyone knew what one is entering into else why did customer not demand everything in writing at the time of booking. They should have insisted or not booked at all. The fate is similar for other plotting projects announced in the area like PSG and also the SO CREDIBLE VIPUL. It has been 18 months to Vipul collecting money for plots in faridabad. I dont see any sign of that coming easily either.

please understand the points carefully. I have no intentions to scare anybody or side with the developer. I never believed in this plotting project, infact unless atleast license is applied for one should not even touch a project.

jeetender gupta
ceo, indiaspaces.com

[ Reply to This ]

court of law (none / 0) (#65)
by Unregistered Visitors on Sun Apr 01, 2007 at 07:46:29 PM EST

none of these explanations would withstand in a court of law. Mr. Gupta, looks like you never studied what is meant by a CONTRACT. Do you know a verbal promise is also a CONTRACT legally.

It seems Triveni & Ferrous has committed fraud woth the investors and they both should be tried in the court of law. And please shut up and please don't put strange explanations that makes absolute no sense.

Now please look straight in the mirror and ask yourself....what are you going to gain by posting such non-sense posts?

I hope you get some sense and help investors getting their money back.

All the best.

Thanks.

[ Parent | Reply to This ]

I agree with Jitender (none / 0) (#64)
by Unregistered Visitors on Fri Mar 30, 2007 at 05:20:21 AM EST

I agree with Jitender (Indiaspaces.com) because only a property dealer can give the best legal advice.

Investors should forget about plots and allow Triveni to sell villas in sector-78, once again without obtaining license first. Doesn't matter that HUDA regulations don't allow builders to sell projects that are not licensed.

[ Parent | Reply to This ]

you must be kidding (none / 0) (#66)
by Unregistered Visitors on Sun Apr 01, 2007 at 07:49:53 PM EST

I agree with Jitender (Indiaspaces.com) because only a property dealer can give the best legal advice.

what a joke :)-

a property dealer who probably never went to high school is going to give legal advise?

pity on you and your thought process.

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Dont under-estimate (none / 0) (#68)
by Unregistered Visitors on Mon Apr 02, 2007 at 09:04:13 PM EST

I dont understand that why people go abusive or offensive when they fail to have logical answers. I wanted to avoid replying this for i dont want to use gurgaonscoop.com for my self promotion but since it was the attack not only on my educational background but on an entire industry. entire globe reads gurgaonscoop.com and i dont want them to have any misconceptions.

You talked of going to high school. I did 10+2 from apeejay school faridabad with both medical and non-medical streams. My aggregate was 87 pc, PCM 92pc and PCB 88pc. I cleared medical entrance of CBSE and MDU Rohtak but did not go for it by choice. I did BSc Maths (H) from Hindu College delhi University. admission criteria was min 90 pc in PCME. and only 25 were admitted. I did BCA from MDU since had passion for computers and would be completing MBA in June 2007.

I have been a guest faculty on Marketing and IT at HARDICON (haryana Delhi Indl Cons.), SISI (Small Industries service inst), YMCA College of ENGG. I am Jt Secy, Faridabad Small Industries Association and President, Rotary Club Faridabad.

Indiaspaces.com is not property dealer but an IT Company which has more over 20 employess including 7 engineers. we also have a portal on exhibitions called innoexpo.com. I am sure one would understand that naukri.com is not just a placement agency and shaadi.com not just a matrimonial service.

Gurgaonscoop is a wonderful platform. let us not degrade its quality by useless commenting. The day is not far when such anonymous visitor would be reagarded as UNREQUIRED VISITORS instead of UNREGISTERED VISITORS.

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: u r a dallal (none / 0) (#73)
by Unregistered Visitors on Thu Apr 05, 2007 at 12:46:08 PM EST

naukri.com and shaadi.com are also dallal but we call them educated dallal. U r also nothing different if ur dallali is done through a site or any other mean it doesnot change ur occupation. What u r from outside doesnot matter what matter here is what u r from inside.

[ Parent | Reply to This ]
: kid (none / 0) (#71)
by Unregistered Visitors on Tue Apr 03, 2007 at 07:24:12 PM EST

you are a kid boy.

[ Parent | Reply to This ]
: promoting? (none / 0) (#70)
by Unregistered Visitors on Tue Apr 03, 2007 at 07:22:36 PM EST

seems like a nice way of promoting a new venture.

[ Parent | Reply to This ]
: Thanks...but (none / 0) (#69)
by Unregistered Visitors on Tue Apr 03, 2007 at 05:53:50 PM EST

thanks for letting this forum know about your background.
But please try to understand what the other reader said -
"I agree .......... because only a property dealer can give the best legal advice."
do you really think, a property dealer can give the best legal advise?
I don't know what the Lawyers will do in this country then.
Good Luck with your venture. And I don't feel the need to let you know my background because I know what I said above in this reply is correct to my belief - providing Legal advise is the job of a lawyer and not a property dealer.
BTW, it was not mentioned that your site is a property dealer site.
Hope it clarifies.
Thanks,

[ Parent | Reply to This ]

Pal Villas doubtful (none / 0) (#54)
by indiaspaces on Tue Mar 13, 2007 at 09:24:58 PM EST

Just to warn investors like Mr.Lamba and many others those who might have booked a villa with PAL, that those villas may never come. It was an arrangment between pal and triveni for both flats and villas. arrangement for flats still hold good but the villa one is over now as per triveni CMD Sh.Sumit Mittal. Apart from that, to the best of our knowledge, PAL has not even applied for villa licensing anywhere in faridabad. Technically to make expandable villas one needs to have around 100 acres of landin nehar par faridabad. Though in bigger group housings also some manipulation of sizes can allow in creating few villas but these are non-expandable ones and are rather row housing or kind of horizontal group housing.

[ Reply to This ]

Villas sector 78 (none / 0) (#55)
by Ron on Fri Mar 16, 2007 at 10:12:02 PM EST

So the land originally planned for plots in sector 78 has been converted to Villas.

And what happemns to the investors who paid money 1 1/2 years back and got nothing, no plots? Whereas Triveni people were saying in December '06 that the license is expected in three months time. But you also mentioned that there is not enough land in sector 78 owned by Trevani to get the license for plots (100 acres)and now all of a sudden they got 100 acres. Why this treatment to people who applied for plots?

[ Parent | Reply to This ]

triveni cheating investors (none / 0) (#56)
by Unregistered Visitors on Sat Mar 17, 2007 at 07:53:03 PM EST

Mr Ron, villas will fetch them more money than plots. Then why on earth they will worry about plots anyway they are using our money to invest in other projects and for us nothing.
they are telling to convert it to villa/flat or take money back, what a big joke.

[ Parent | Reply to This ]

Triveni-a cheater (none / 0) (#57)
by Ron on Wed Mar 21, 2007 at 06:49:23 PM EST

I would only invest with Triveni if they can allot the villa at a rate prevailing at the time of prelaunch of plots.

BPTP came out with 34.80L for the same size of Villas and triveni is selling at 55L. You are right it is a JOKE. If there were 20-30 investors ready to spend their time and money, there is no reason that we can not get Court stay for Villas.

I hope some of the investors take initiate and seek the protection of the law. There are more chances of winning the case than losing.

I am ready to share the cost.

Thanks.

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File a PIL in the Supreme court (none / 0) (#59)
by Unregistered Visitors on Thu Mar 22, 2007 at 03:22:09 PM EST

There was a news on first page of The times of India dated 20-3-2007 where supreme court issued notices to both the central government and state governments in the cases involving builders who had no land or licenses but they collected money from the customers.

If a new PIL is filed in the Supreme court regarding this Triveni plots issue then it will most likely get linked with the current PIL. That will most likely wake up Triveni. Right now owners of Triveni think that they can get away by fooling customers. Someone just has to take the initiative and teach a lesson to Triveni's owners that they will remember for the rest of their life.

[ Parent | Reply to This ]

Triveni court case (none / 0) (#60)
by Unregistered Visitors on Fri Mar 23, 2007 at 02:45:38 AM EST

can we go to consumer Court against Triveni in Plots issue.

[ Parent | Reply to This ]

: Triveni-a cheater (none / 0) (#61)
by Ron on Fri Mar 23, 2007 at 05:13:59 PM EST

Yes, I think you can go to the consumer court. The consumer court will listen to the grievances of the people who have paid money.
Make sure your receipt lists the name of the sector. I think it was sector 78 for plots and it is the same sector for villas.
Good Luck

[ Parent | Reply to This ]

Triveni cheat (none / 0) (#58)
by Unregistered Visitors on Thu Mar 22, 2007 at 03:43:49 AM EST

I think one of us should take initiative and file court case against them , so that it will hit triveni reputation in Public.then they will allot plots to people because many of us have taken plots on Premium.

[ Parent | Reply to This ]

Triveni (none / 0) (#67)
by Unregistered Visitors on Sun Apr 01, 2007 at 11:19:51 PM EST

If our learned investers would have surfed this website only by searching "Triveni" they would have known that this is not at all a group. But two fraud brothers from Dholpur, Rajasthan who have run away from Agra after doing same scams.
People have Agra have formed a society to take them to task in whatever legal manner they can. The contact details of office bearers of this society is as under;

Dr RK Jaggi 9837067747
Charan jeet Thapar 9837031053
Vijay Mangwani 9319109348
Dr Sanjeev Vohra 9837549999

This society has initiated legal action in court and it is advised that like mind people join hands to avoid cost and punish the builder. Also this will help in getting the money back with proper return and not peanut interest what is being offered.

Triveni will not be able to stand in court of law whatever indiaspaces say is not correct in eyes of law.

[ Parent | Reply to This ]

Triveni Case-Sector 78 (none / 0) (#62)
by Ron on Sun Mar 25, 2007 at 07:52:23 AM EST

Any body living in Faridabad can take this responsibility. I don't know if the case can be filed in Gurgaon also. If so, one can take the responsibilty to pursue and there should be one person for backup.

If there are 5-10 people, who can join togather, all cost can be divided and I would recommend to reasonably compensate the person(s), who activily pursue this case irrespective of the outcome of the results.

Please put your thoughts togather and try to avoid delay.

[ Parent | Reply to This ]

: Triveni fraud (none / 0) (#79)
by Unregistered Visitors on Wed Jul 25, 2007 at 01:06:43 AM EST

Have any bodt filled any case agiant them?
Shalabh
9899700070

[ Parent | Reply to This ]

Faridabad is a GOLD MINE... (none / 0) (#50)
by vineetlamba on Tue Mar 06, 2007 at 11:17:11 PM EST

hi all...

I feel that the real estate boom is spreading all over the country.. the growth is touching the skyline.. i feel that the best and safest way of making an investment is by having a look at ur pocket and making the right choice..

I have made a few investments in faridabad n also in sonipat.. They have all turned out very promising so far..

In faridabad i have made 3 investments in pal group sector 78 n 89 projects.. the location of the projects is good, specifications n so are the returns..

now i m looking at a small investment in commercial space..

looking forward 4 ur advice on it.. and also other options in faridabad..

regards,

Vineet Lamba

[ Reply to This ]

: information (none / 0) (#80)
by rahras76 on Thu Sep 20, 2007 at 10:25:24 PM EST

I am also sailing in same boat ..I have invested in a villa ... but no news for a long time..do do keep me posted ..
rahul0876@gmail.com

[ Parent | Reply to This ]
: mine?? (none / 0) (#51)
by Unregistered Visitors on Thu Mar 08, 2007 at 07:09:42 PM EST

Mr. Lamba,
it seems, from the latest RBI analysis, your gold mine is about to be blasted. RBI strongly discourages speculative buying like yours. Good Luck.

[ Parent | Reply to This ]

flat in sector 97 noida (none / 0) (#47)
by Unregistered Visitors on Fri Nov 03, 2006 at 03:48:15 AM EST

I wanna buy a 2 BR flat in NCR. Looking for sector 97, 98 etc in noida. can anyone guide me , howz that area and whats the scope of development ,transport, power ,water and accessibility to the markets etc in that area??

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bptp allotments. (none / 0) (#44)
by Unregistered Visitors on Tue Sep 12, 2006 at 05:10:21 AM EST

Does anybody know when the allotments for the BPTP project is expected to happen?

[ Reply to This ]

: maybe never (none / 0) (#53)
by Unregistered Visitors on Sun Mar 11, 2007 at 03:15:07 PM EST

are you old enough to remember the plantations scam of the 90s, where they promised to double your money in 3 years and people lost their lives' savings ? dont invest in pre-launches of unreputed builders

[ Parent | Reply to This ]
: nobody knows (none / 0) (#52)
by Unregistered Visitors on Thu Mar 08, 2007 at 07:11:03 PM EST

about BPTp, are they still building the promised houses?

[ Parent | Reply to This ]

investment in Faridabad. (none / 0) (#43)
by Unregistered Visitors on Tue Sep 12, 2006 at 05:06:38 AM EST

I am interested in investing in either a flat or residential plot in Faridabad.Can anyone guide me ?

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: Triveni, Omaxe, RPS (none / 0) (#45)
by Unregistered Visitors on Wed Sep 13, 2006 at 12:38:59 AM EST

Triveni Luxury Appartments in sector 78 is best option. Available from Company @ 1550 psf with 5% discount.
Second best is Omaxe Heights. Available in Resale @ 1450 psf.
Third Best Financially is RPS. Launched and Allotment done. Available @ 1600 psf with 4% discount.

[ Parent | Reply to This ]

Questions and facts of G.Fbd (none / 0) (#39)
by win1975 on Fri Sep 01, 2006 at 04:19:19 AM EST

Fact: airport in G. Noida will help G.Faridabad too.
Fact: license expected anytime supposedly.

Question1 :When is Sector 89 Triveni going to launch?
Question2 :When will the SEZ become operational? Question3: Where will the SEZ come up?
Question4: Who owns this SEZ?

[ Reply to This ]

: RPS Full page advertiement (none / 0) (#41)
by Unregistered Visitors on Mon Sep 04, 2006 at 06:28:54 AM EST

I was really happy to see RPS giving full page advertisement in Hindustan Times last page on 3rd September. I think this is just the begining, many more Builders will soon give full page ads and automatically Faridabad will get noticed.
Launch Price is 1,600/- which is affordable.
Guys, appartment in Faridabad in two years is gone a Double!

[ Parent | Reply to This ]
: Airport (none / 0) (#40)
by Unregistered Visitors on Sun Sep 03, 2006 at 10:46:24 AM EST

>>Fact: airport in G. Noida will help G.Faridabad too.
I do not see Airport in G.Noida coming up in near future(at least another 10-15 years) as they are modernising the Airport in Delhi and that will cater to the demand for another 10-15 years unless Congress Govt comes in UP and in Centre Congress stays.

[ Parent | Reply to This ]

similar is not equal to (none / 0) (#35)
by win1975 on Sat Aug 26, 2006 at 11:47:11 PM EST

flats at least 2.5 to 3 times in 5-6 yrs and land at least 3 times....(similar is not equal to my frend).
Everyone knows that the heady days of 100 pc appreciation pa are gone

[ Reply to This ]

How do you define a good developer? (none / 0) (#34)
by fightbptp on Sat Aug 26, 2006 at 12:18:04 PM EST

Hello Major

I booked a plot through Triveni 8 months back in Prelaunch in faridabad.

There is no land, no communication, no alternative offer. I asked for my money back, the Broker DREAMLAND never called me back. Indiaspaces says may help but did not extend the help. Want to sell this; no buyer. Theoretically, there is a premium of Rs.1L+.

The land for plots is rotating to various sectors from 78->76->70 and so on.

Triiveni has collected money and has launched projects envisioned after the PLOTS project.

Could you please explain if none of the above parameters falls into the qualification of being a good developer?

[ Reply to This ]

good societies/builders in faridabad (none / 0) (#48)
by Unregistered Visitors on Fri Nov 03, 2006 at 03:52:32 AM EST

what are the upcoming good sectors in greater faridabad , for buying a 2 BR flat .What is RPS, ?and please can any one tell me the names of good builders/ societies to approach for ?

[ Parent | Reply to This ]

triveni plots (none / 0) (#37)
by indiaspaces on Tue Aug 29, 2006 at 06:35:09 PM EST

most of humans only react. a very few percent actually act. No one can help you unless you take a firm decision and help yourselves. you have not been able to take NOC from your previous dealer which is important to get rid of that. even otherwise if you get necessary document completed and sign an indemnity bond claiming you have not taken any money from your dealer the conversion would be done . you have enough blogged, emailed and chatted. Time for some action now. Also just like your nickname please do not fight everybody but rather be friendly with some. Ultimately positive people win.

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: indiaspaces (none / 0) (#38)
by vermanaveen on Tue Aug 29, 2006 at 10:20:06 PM EST

Mr. fightBptp, I agree with indiaspaces.
My case was more OR less like yours only for Triveni flats sec 89.
I spoke to Indiaspaces for changing the dealer. I was asked to bring NOC from my previous dealer, which was more of less was headache. In my case, there is chain of dealers and the final booking is through Dreamland. Indiaspaces did not give me go ahead till they were sure of doing it. Now, I've handed over all of the docs for cancellation of my previous booking and give a fresh one. Indiaspace is taking care of NOC now. My case is going smooth till now.

[ Parent | Reply to This ]

Gr. Fardiabad (none / 0) (#32)
by VRM on Fri Aug 25, 2006 at 08:36:59 AM EST

win1975
ATLEAST 7-8 times appreciation, r u thinking ur kids are going to cash that.
Already the prices are 7-10K for plots and 1500 for flats.
Multiply this rate by 7 this time take calculator. U want all NRI to settle in india to buy at that rate.

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: Prices in 3 years time (none / 0) (#36)
by Unregistered Visitors on Tue Aug 29, 2006 at 02:02:01 PM EST

I think price will be no more than Rs 2500 psf in 3 years time when all of the several thousand flats planned in Neher par faridabad are ready for possession in 3 years from now. This too is based on three big assumptions that there will be a flyover built on Badarpur border, there will be metro under construction and there will be an expressway linking delhi with faridabad passing near the neher par faridabad. This may not satisfy someone looking for 100% pa appreciation but it is much better than 8% or so earnings on bank FDs before tax.

[ Parent | Reply to This ]

Faridabad (none / 0) (#31)
by Unregistered Visitors on Fri Aug 25, 2006 at 06:25:14 AM EST

If someone interested in purchase of BPPT project plots at Taj express highway @ 8900/- per yard in Faridabad.

I have purchased the same @ 6900/- per yard around 8-10 months back. The price three months back was 11500/- per yard and likely to rise very fast in near future as a lot of political people are promoting and investing in this project.

[ Reply to This ]

: BPPT plot in Faridabad (none / 0) (#49)
by Unregistered Visitors on Sun Nov 26, 2006 at 09:30:12 PM EST

Yes I wouod like to buy at Rs 8000 per square yard

[ Parent | Reply to This ]

NCR cities overview (none / 0) (#29)
by Unregistered Visitors on Thu Aug 24, 2006 at 09:29:20 PM EST

Here is a general idea abt NCR region and its scope:

--Gurgaon:Well developed into a city and being haryana govts blue eyed baby will benefit further...now its blue eyed baby becoz it has IT and MNCs..and NOT becoz it has many local small scale industries...small scale industries neither employ thousands of well educated professionals nor make beautiful campuses which not only look good but also are eco friendly...the problem with gurgaon--pathetic planning and infratsructure...so in the long run problems will definately come..one visit to the city clears this fact.

--Noida:well developed again with hosts of MNCs and IT based companies..again being in the gautam buddha nagar distt..it attarcts max investment from MNCs and thus becoz of the revenue it generates is the blue eyed baby of UP govt as far as devlopment and revneue goes...the problem with Noida again abd planning ..though not as bad as gurgaon..but still good areas are limited to some sectors only..rest is all badly planned...the good sctors are fine..but limites

--Greater noida:the most well planned city of NCR and probably of india..very beautiful and being in gautam buddha ngr distt has attracted MNCs and thus becoz of the revenue it generates is devleoping well with the help of govt...the problem...not fit for people who work in delhi or any region further than Noida....its best suited for people who work in greater noida / Noida expressway / Noida-dadri zone.

--Ghaziabad:should thank the stars...due to commonwealth games being held in east delhi and its only a few kms away from the site..it has benfiteed JUST from the location....its near Noida,east delhi and with another road coming up...near Greater noida too..meaning its closest to the most devloping areas of India.....great for people who want affordable housing and work in Noida/east delhi/central delhi/....the problem: pathetic infrastructure...and congested...

--Faridabad:with cheap rates is attracting crowd who cannot afford housing in other areas...will develop along the lines of ghaziabad...it ahs bad infratsructure and due to lack of MNCs doesnt attract the govt attention.

At the end of the day...any area which suits ur pocket will be good for you...the fact remanins that ALL THE GOVTs of India are greedy and they know probably after 5 yrs they will not be in power so they want to make the most while they are in power...they concentrate on areas which generate MAXIMUM revenue..and thats done by MNCs ( forget IT companies )...FOR ANY AREA TO DEVELOP IT SHOULD ATTARCT MNCs...NOT SMALL SCALE INDUSTRIES.....the difference in ghaziabad and noida is that Noida is a hub for MNCs and ghaziabad a hub for small scale industries...same iwth Guragon and Faridabad..unless faridabad becomes a hub for MNCs it will neither have the crowd nor the lifestyle and infrastructure...
Like today it will ALWAYS be a cheaper option...

MNCs are lining up for Noida/Greater Noida , Gurgaon/Manesar..and these areas will progress and develop more

for investment point opf view..any region is good as long as it gives u profit..BUT FOR LIVING ONE NEEDS A LOT MORE ...the city has to be self sustained and look good with good infrastructure..which can come only from govt ..which in turn will only take care of it...if the area has attracted the attention on MNCs....one can see that claerly all over india...be it noida , greater noida , gurgaon , banglore , navi mumbai , hyderabad , suburbs of calcutta , suburbs of chennai...all these PRIME AND BEST AREAS OF INDIA HAVE ONE THING IN COMMON...MNCs...period..!..NO MNC..NO DEVLOPEMENT...SIMPLE YET PROVEN LOGIC

[ Reply to This ]

: Faridabad Sixth Richest City (none / 0) (#30)
by pankaj on Thu Aug 24, 2006 at 11:15:26 PM EST

Please Read this article which got published in Economic Times of 25 August as per which Faridabad is Sixth Richest City.
http://economictimes.indiatimes.com/articleshow/1925086.cms

[ Parent | Reply to This ]

Faridabad potential (none / 0) (#28)
by indiaspaces on Thu Aug 24, 2006 at 07:28:17 PM EST

In olden days our parents thought if children do not be Doctors or engineers they are nothing in life. But MBAs and IT professions emerged. What I understand that a school of thought believes that a city with no significant IT jobs cannot be a great city. In my previous comment I mentioned overall scenario of faridabad including Manufacturing MNCs, Colleges, Lifestyle etc. Some people remained glued to pizza hut and mcdonalds only for lack of understanding on other issues. cities like shimla, dehradun, agra, jaipur flourish on Tourism. Cities like Ludhiana, Jallandhar, Baddi, Rudrapur, Jamshedpur, Muradabad, are manufacturing hubs. In Faridabad most residents are entrepreneurs who have SSI units and employ 10-20 people. The city neither cares for IT jobs nor is dependent on it. It is a big city of small industries. Faridabad has more manufacturing industry than gurgaon and noida combined. A mega SEZ has been also approved. Another IMT on lines of Manesar is coming. Mohan cooperative, okhla, Noida and Gurgaon all even in present scenario are at a motorable distance of less than 40 km and take anywhere like 30-60 min. And if you get equally good residential facilities at half the price why not. If greater noida sells 3200 psf then after taj express way greater faridabad another 15 min drive at half price I believe is great deal.

[ Reply to This ]

Thumbs up to Gr. Faridabad and NH 24 (none / 0) (#27)
by win1975 on Thu Aug 24, 2006 at 06:08:49 PM EST

Faridabad has now come in the radar of builders, investors and Haryana govt. So infrastructure like roads, etc will soon be improved without a doubt. Previous govt was kinda biased against Faridabad or so I have heard but present one isnt. Once the FNG expressway is completed or at least partially completed, Badarpur flyover is also gonna fix the problem.
S/w ppl like me and non s/w ppl who do not know for sure whether they will work in Gurgaon, Noida or Greater Noida will find it the best place to stay to beat that uncertainty. Add to it the realistic price levels.
Buying below 1800 psf does not give the feeling of being ripped off by the builders.
10km close to Delhi @1400 psf is a dream come true for end users.
I saw the potential of Gr. Noida 5 years ago and now investment there is at least (AT LEAST) grown 7-8 times. I see a similar potential in Faridabad after a painstaking research. Of course this is my personal opinion.
In the words of a great business man.
"Be fearful when others are greedy and be greedy when others are fearful".
This is precisely that time market is stable and fear factor is all time high. Come Diwali, stock market is already doing a rebound: sentiments will pick up again.
At such high interest rates, buying at any other place like gurgaon is like putting your neck in the noose yourself. The only place that has potential without any risk of financial loss is Greater Faridabad.
NH24 near Lal Kuan is another eqally big potentia place considering proximity to Noida 5 km, Indirapuram 5km, and Greater noida 15 km, Delhi 9 km. commonwealth games in Eastern Delhi side will also be a buoyant force.
I have parked my funds in these two places after research. Now Faridabad and Ghaziabad bashers among the snobs in Gurgaon will surely find many faults in my arguments but it is always good to have a different opinion :-))

[ Reply to This ]

Scope of Appreciation in Faridabad (none / 0) (#25)
by VRM on Thu Aug 24, 2006 at 09:41:58 AM EST

Does anyone know the progress of "Haryana Technology Park (HTP) is an approved SEZ Information Technology Park, located only 3 kilometers (1.8 miles) from the Delhi - Faridabad border on National Highway 2 and is very close to both NOIDA & Gurgaon". Though it's going to be operational in 2008 but any contruction etc so far.

[ Reply to This ]

Good lord (none / 0) (#23)
by Unregistered Visitors on Wed Aug 23, 2006 at 09:18:00 PM EST

If having pizza hut and mc donalds and polluting factories means a metropolitant city then even meerut comes into the same category.

Dear friend faridabad is behind ghaziabad too..and if it dreams of coming even a close to regions like gurgaon , noida , greater noida then stop counting mc donalds and pizza hut and polluting factories and press ur govt their to invite MNCs..IT based companies and not to over rely on projects of some other cities for thier own development like Taj expressway which will benefit more noida/greater noida....

look at the condition of roads and planning...not malls....malls are everywhere...even meerut has 10 malls coming up...

wake up my friend.....faridabad is probably last and as of now..there are no signs for its progress...its not developing on it own....nothing is happening...its just a second rate option for people who are not able to afford in other regions....

IT WILL BECOME A GOOD CITY WHEN PEOPLE STOP SEEING IT AS A CHEAPER OPTION BUT AS A FIRST OPTION...and when MNCs AND IT based companies make a beeline for it..which is JUST NOT HAPPENING

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Lets talk about future and not the current state (none / 0) (#26)
by asd on Thu Aug 24, 2006 at 11:29:27 AM EST

I am not sure what value people like you add to this forum. You have started questioning the status of Faridabad as Metroplex. I don't even think that was the point of discussion.
Not all the investors care about that. The more important thing is the potential and I see no reasoning in your comment which would make us think that Faridabad as real estate destination does not hold any potential.
We all are in agreement that as far as development is concerned Faridabad lags behind Gurgaon and Noida. The big reason I see for that is that none of the big builders had any interest in that part of the NCR. Now with quiete a few of those entering the market and providing with best of the accomodations, things are bound to change.
I would agree that this topic of Fardiabad not being as developed as other NCR cities has been beaten to death. Let's try to focus on the future of Faridabad rather then present. I strongly feel that the future holds a lot of promise for both investors and people living there.

[ Parent | Reply to This ]

Affordability, Close Proximity & New Constru (none / 0) (#24)
by Unregistered Visitors on Thu Aug 24, 2006 at 06:46:53 AM EST

In INDIA there are thousands of families who can't afford what they like, therefore, forcefully they have to move to second best place.

Don't think that people who are working in IT Cos. are only potential users. You will find Thousands outside IT industry in 2-3 years who would like to move to Greater Faridabad. Currently on the other side of the highway rates are in the region of 2,500 psf and also there is very close proximity to developed sectors like 14-15 etc.

People who are commenting negatively about Faridabad could fall in either or all of the following category:-

Never invested in Property.
Works for IT company and thinks all end users are from there only (Kuae ka mendak), or
Saddist

No one in this forum is able to give a better option then Faridabad as far as affordability is concerned with close proximity. People are trying to compare it with Meerut. Do you know how Far Meerut is????

I think in this forum all the facts have already been posted by various people. One should read thru and form their own opinion and wait for result.

Eagerly waiting for a reply with better options then Faridabad!

[ Parent | Reply to This ]

3 bedroom appartments (none / 0) (#19)
by Unregistered Visitors on Tue Aug 22, 2006 at 08:32:49 PM EST

here are the alternatives...my respect to faridabad but to be honest the connectivity is highly depended on a project which has not evne started and when it will be ready it will benefit the noida/greater noida region more.
and with virtually no MNCs or IT based companies as in noida/gurgaon/greater noida region...faridabad will lack infratsructire and the crowd...as govt are more interested in revenue generating companies and thats why u hear abt so many initiatives taken by govt in gurgaon and noida/greater noida region to develop the areas more...anyways...here are the alternatives:

--indirpauram region in ghaziabad has benefitted becoz of its closeness to MNCs in Noida...a 3 bedroom appt is in the range of 30-50 lakhs..depending on area , specifications.Gaur Greencity appt 3 bedroom is around 35 lakhs ( just next to the sprawling shipra mall )..parasvnath appts 3 bedroom right in front of shipra mallis 40 lakhs..and many more..

--Appatrments on expressway sectors in noida...a 1600-1700 sq ft appt in kendriya vihar just behing ATS will be around 40 lakhs

--Parasvnath appts in greater noida ( except the panaroma project) are in the range of 35-45 lakhs for a 3 bedroom appyt in devloped sectors..all near golf course

all in all ..with the property market now stable and max number of investors trying to sell their appts before the prices come down...the genuine end user has a good variety to choose from in developed sectors of these area...similarly in gurgaon one can get good dals in south city 2 etc etc...of course as an invester you will not benefit more..as prices will not double...but as an end user you will be living in a fully developed area with best facilities and in a developed city with like minded people..and more scope for jobs..as everyone knows abt private sector jobs....so no point getting stuck in an area where there are few MNCs for jobs....its better to buy a house in an area where IF NEEDED you can easily find more jobs in the vicinity...

best of luck

[ Reply to This ]

Scope of Appreciation in Faridabad (none / 0) (#20)
by asd on Wed Aug 23, 2006 at 10:24:59 AM EST

My friend I think you are trying to emphasize on the same two points of connectivity and no IT Jobs. Also the alternatives provided do not justify the low cost. I wouldn't consider 45 Lacs for a 3 bedroom to be low cost although some of us might. Let me take your focus to another point that justifies investment in Faridabad.

- Let's explore some history here, 10+ years back there were no IT companies in Gurgaon. One of the premium builders (DLF) saw some potential there and invested heavily. Once step was taken, the builder worked on getting IT/BPO invetstments into the city. Secondly because of there huge investement they had vested interest in the development of the city and that was a big reason to work with the government agencies.

Now let's take the case of Faridabad, none of the big builders were interested in investing here until last year. Now with so many big names coming into the Faridabad market, that tells me that there are bound to be infrastructural changes. It is not becuase of people like you and me that gov. will work on the Infra. but for all these big builders who now have vested interst in the development of that area.

So my point is that it's not only the IT/BPO companies that make the real estate prices go up but there can be other factors to consider:

Close Proximity to Delhi/Noida/Gurgaon and affordable property rates. As far as I know RPS is planning tolaunch 3 bedroom flats for 1400/sqft. that would be around 22Lacs. Scope of appreciation here is tremendous.
Vested interest of some big private builders in that area. If they have started to get approvals for there projects then I am sure goverenment would be thinking in terms of providing better connectivity.

Take Care.

[ Parent | Reply to This ]

Scope of Appreciation in Faridabad (none / 0) (#18)
by asd on Tue Aug 22, 2006 at 01:37:19 PM EST

Friends! This is really an interesting thread. I see two schools of thoughts and it's very normal to have different opinions. Here is the problem that I have:

First school of thought is the one who favour investing in Faridabad and the big reason given is cost efectiveness. For someone who cannot afford a high price tag and would like to own a house. Faridabad is the only option in the NCR region, agreed that as long as the proposed expressways come up, the commute time is longer. But more than that owning a house has emotional reasons and some time if long commute is the only way to own your dream house, I would do it rather than renting something close to work.
Second school of thought is because of bad connectivity, Faridabad id not a good investement option. My only problem with all those that share this thought is that are not providing the readers with alternatives for low price accomodations. Also for investment pupose also not many people can afford a hefty price tag that most of the properties in Gurgaon/Noid/Greater Noida has. So, it would really be of great help that an alternate is suggested before you bash the idea of investing in Faridabad.

Don't mean offense to anyone. Just my thoughts.

[ Reply to This ]

: I'm afraid (none / 0) (#22)
by Unregistered Visitors on Wed Aug 23, 2006 at 12:08:46 PM EST

there are no options left in NCR region that are as cheap as the ones that are available in "Neher par" sectors of Faridabad or Greater Faridabad as it is known on this forum.
Even a LIG flat from Noida authority in Noida sector-71 costs above Rs. 16 lacs now a days. Although Noida sector-71 is connected with good roads but has a number of problems like lack of security and power cuts of at least 12 hours a day. There is no local market around. You have to travel 2 Kms just to buy bread and milk. Then these LIG flats costing 16 lacs or more have only 2 very small rooms and one small toilet, so they are not even fit for use by a middle class family of 2 adults and 2 kids.
On the other hand reputed developers like Omaxe in Greater Faridabad are offering decent 3BR flats with basic facilities like security and power backup etc.
I agree Faridabad has major problems in terms of lack of connectivity with Delhi and long traffic jams 24 hours a day all year long on the border. This traffic problem will only get worse in coming years if construction of flyover at Badarpur border and expressway does not happen in next 2 years and then no one will be willing to live in Greater Faridabad.
Essentially a bet on Greater Faridabad is a bet on the improvement in road connectivity with Delhi. If the road infrastructure improves then this promises to be the best investment opportunity around of recent times. If the roads don't improve then any investment in Neher Par faridabad will be a deadbeat investment.
So, folks its time to roll the dice.

[ Parent | Reply to This ]
: Faridabad - Present & Future (none / 0) (#21)
by indiaspaces on Wed Aug 23, 2006 at 11:21:37 AM EST

Present - Sustainable population of 20 lakhs. More than 12000 SSI. Multinational industries like JCB, Tecumseh, Whirlpool, GE, ABB, GKN, Woodward apart from other leading names like Escorts, Lakhani, Studds. Schools like Apeejay, DPS. YMCA College of Engg. Around dozen private engg, management, dental colleges. 2 malls operational. 10 more within next one year. 3 McDonalds, 2 PVR Cinemas, Pizza Hut, Subway, Sagar Ratna, Mojos, Nirulas, Moti Mahal Deluxe etc. Future - Improved connectivity on Mathura road through badarpur flyover, through kalindi kunj along canal, to greater noida via taj expressway, metro. To sum up Faridabad has potential to remain a sustainable metropolitan and future proposals will only improve it. As far as lack of MNC employes. FARIDABAD IS A CITY OF EMPLOYERS NOT EMPLOYEES.

[ Parent | Reply to This ]

I agree (none / 0) (#15)
by Unregistered Visitors on Fri Aug 18, 2006 at 10:00:08 AM EST

I agree withy ur remarks and contents BUT there is one simple difference..YOU are an investor and I AM an end user...for you it doesnt matter how the city shapes up as probably u will never live in faridabad..as long as u get a good return..u r happy...but I am an end user and for me Greater Faridabad region ahs no scope...with NO MNCs and IT based companies I will rather buy a small and expensive house in Noida/Greater noida than buying a house in greater faridabad region.

Its this difference which is giving diff opinions...and from this anyone can see clearly how diff people with diff needs see things....all the best for your investment..i am sure Greater faridabad will get u a good return..but I as an end user will never want to stay in a place where the city lacks good schools , colleges , MNCs and Offices and Good infrastructure

i guess thats why we think different anyways best of luck for ur investments...but for any end user who works for MNCs and IT based companies who wants like minded people around ...for me Noida expressway region and Greater Noida is best with steady rates

Take care

[ Reply to This ]

Its a matter of perception (none / 0) (#16)
by Unregistered Visitors on Fri Aug 18, 2006 at 12:46:41 PM EST

My Dear Friend.... May be you are right, its a matter of perception!

I would like to clarify certain things:-
1. I am a professional working for a
MNC... not in IT space but in Financial Services. I am not a Financer, but would not mind multiplying my hard earned money by taking conscious decision thru investing in equities or thru real estate... all intelligent professionals does the same.

Most of the people on this site are interested in Return on investment.
I have interest in Greater Faridabad from investment point of view.... but i can assure you that by 2010 this place will be equally good or equally bad as Greater NOIDA because of planned construction and Close Proximity.

I really appreciate your concerns, but at the same time i would like to retreat, think about those IT professionals who have job opportunities in NOIDA as well as in GURGAON. I have my Brother in Law who has recently shifted from Gurgaon to Noida becaz of job change. There is a large number of IT Professionals, who would like to live at Central Place ....... Give a thought!

[ Parent | Reply to This ]

: Please read Property Times of 19/8 (none / 0) (#17)
by Unregistered Visitors on Sat Aug 19, 2006 at 12:54:33 AM EST

Please read Property Times of 19th AUgust and you will find that on entire Page 1, they have given opinion that Nahar Par Faridabad is a good Investment Opportunity with reasons.
The reason for appreciation given was more or less what has been posted on this site in last 10 days.
All the Best!

[ Parent | Reply to This ]

Not pescimistic (none / 0) (#13)
by Unregistered Visitors on Thu Aug 17, 2006 at 11:35:09 PM EST

Well i am just stating facts...in fact my best wishes to buyers in greater faridabad.but facts are facts...expressway will take 7 yrs to be ready till agra...its a toll road and since ABSOLUTELY NO construction has started in this project its really hard to say when it will even reach greater faridabad.
About prices...they ahve already stabilised and in greater noida are in the region of 2200-3200 psf...in noida its around 3000-4000 psf and ghaizabad around 2000-3500 psf..all depends on specifications...now if u want an appt in NRI city Greater noida then of course u have to pay 3200 psf but if u settle for a parasvanth then it will be a moderate 2200 psf starting....similarly in gurgaon and noida it all depends upon the project and specification....now these areas offer a lot of choice as well as have MNCs and IT based companies all around..

Finally consider this..if given a choice to buy appts in faridabad at 2400 psf where one has to travle to noida/greater noida for a job and big schools and colleges...any person would prefer to buy an appt at 2400-3000 in areas in noida/greater noida belt./...

according to me rates in noida/greater noida/gurgaon are stable and may fall my 5-10% further spl for projects in far off sectors...that is in the range of 2200-3500 psf...depending on specifications..of course centrally a/c appts will be much more epxensvie...in greater faridabad today the rate is 2000 psf and if u expect it to become 3000 psf then it not going to happen...

[ Reply to This ]

: I agree with you AND FARIDABAD remain best opportu (none / 0) (#14)
by Unregistered Visitors on Fri Aug 18, 2006 at 12:29:29 AM EST

For a change i do agree with you partially and conculde that FARIDABAD IS BEST investment opportunity.
You have said that prices in Noida & Greater Noida will fall by 5-10%, therefore, if someone has to invest in real estate today then Noida & Greater Noida is not the place!
Secondly, prices in Greater Faridabad is not 2,000 psf today. Omaxe Heights which is getting Launched this month (already secured Licenses) are @ 1425 psf. Triveni Sector 78 (Licenses applied), Luxury Appartments with AC in all Rooms, Modular Kitchen, Wardrobe etc is available directly from Company @ 1,550 psf with discount of 5%.
Even if these rate of 1500 psf moves to 2,000 - 2,500 in 3 years, Return on Investment (i.e money paid to builder) will be not less then 60%-100%. At the same time if you invest in Noida or Greater Noida, you will maximum get a return of 20-30% ( i am being optimistic again).
From Invstment point of view, will advise you to prepare a spread sheet for three years assuming paymnents on construction linked plan and consider rate @ possession to 2,200 and calculate Return on Investment....... Faridabad is the only option.
Welcome your comments if the facts given by me are wrong.
All the Best!

[ Parent | Reply to This ]

Taj expressway by 2012 at least (none / 0) (#11)
by Unregistered Visitors on Wed Aug 16, 2006 at 08:59:38 PM EST

It will take 7 yrs for the expressway to complete and if it starts by 2007,it should be ready by 2014.

Is there anything else Greater Faridabad has to offer apart from an Expressway which is basically developed for Noida/Greater Noida region.

Malls are no signs of development , they are being constructed in meerut also , Is there any concrete plans like in Gurgaon , Noida/Greater noida like IT city , Medi city , IT parks , MNC style office spaces to offer.???..I dont think so..

[ Reply to This ]

: Don't be Passimistic (none / 0) (#12)
by Unregistered Visitors on Thu Aug 17, 2006 at 12:39:19 AM EST

You are sounding very passimistic!
Seven Years for an Expressway...... though i do not agree, even if i agree, then, seven years is from Noida to Agra and not Noida to Greater Faridabad my friend.
Expressways are always made open to public in phases..... Gurgaon is a great example.
i am not trying to compare Faridabad with Gurgaon or Noida or Greater Noida, all of them are far ahead then Faridabad.
I would like to ask, what in your opinion is expected appreciation in Gurgaon, Noida in coming 3 years ...... then see the affordability after three years.... and then see faridabad as a great option @ 2,400 psf.
Not everyone is rich like you to buy appartment @ 3,500 psf after three years. If equally good appartments are available @ 2,400 psf.
20-30 minutes drive is hardly a drive when price difference is 60%.

[ Parent | Reply to This ]

Too much speculation (none / 0) (#10)
by Unregistered Visitors on Wed Aug 16, 2006 at 08:53:12 PM EST

Well we all know that its nearing end 2006 and not even a single Km of the Taj expressway has started...As an indian we all know what all Media Publicity means..the Expressway is 160 Kms long...a regular expressway of 20-30 Kms like the one in Greater Noida or the one under construction for Guragon takes 2-3 yrs...so the expressway being ready by 2010 is way too much.Govts talk too much..and I can assure you that construction WILL ONLY start after UP elections in 2007...

Now abt the rest of it...Greater Noida will be main gainer form this project and Not Faridabad..and Just to rely on an expressway for development is making no sense...

UNLESS THERE ARE MNCs AND IT based companies...even with 2000 psf nobody will go there...

When Gurgaon was cheaper than the rest and had no MNC..no one went there...Same with Noida which was clsest to delhi..and also very cheap...no one went there till there were MNCs..now greater noida is developing becoz they gave land to MNCs first and then started residential development....and faridabad lacks that...just an expressway will not solve everything

If MNCs are there..law and order is good..infrastructure is maintained and people do good buisness as the population ahs spending power...MNCs pay a lot of revenue to govts so they are compelled to take care of the city....

Places like faridabad and sonipat etcetc with no MNCs are very susceptible to correction in prices..these are the areas where prices crash very fast...becoz most of the lland wa sold on speculation

[ Reply to This ]

Faridabad in Long Run...... (none / 0) (#9)
by Unregistered Visitors on Wed Aug 16, 2006 at 12:25:06 AM EST

Please go thru the attched link

http://www.jilindia.com/tajexpressway.htm

You can also download the Red Herring Prospectus in which it was clearly mentioned in March 2005 that High Court has upheld construction of this expresway. Also, recently. government of UP has changed its stance on construction and you will see activity happening there. Also, by 2010, this expressway has to be in place.

Currently rates in Noida & Greater Noida is in the range of 3,000 psf.... three years down the line rates will atleat appreciate by 20% i.e 3,600 psf..... That is the time when the affordability factor will play a very vital role. That is the time when connectivity from Greater Faridabad will be in place, and people will start recognising this place.

Even if rates are 2,400 psf after three years from now, it will result in a capital appreciation of 60%, which as compare to other places like Gurgaon, Noida and Greater Noida will be much more..... its only a matter of time.

As regards poluution, please visit Greater Faridabad yourself, you will not find industries nearby..... most of them are on the other side of the highway which are atleast 3-4 Kms away.

LAND IS LIMITED AND SO DOES CLOSE PROXIMITY TO COUNTRY'S CAPITAL. If you can take a long term view, you will gain.

[ Reply to This ]

Faridabad (none / 0) (#8)
by Unregistered Visitors on Tue Aug 15, 2006 at 10:45:36 PM EST

Faridabad has many polluting industries and lacks the attraction of a Residential township.

[ Reply to This ]

Different opinions (none / 0) (#7)
by Unregistered Visitors on Tue Aug 15, 2006 at 10:41:27 PM EST

well everyone has diff opinions and i can give my best wishes to people who have invested in greater faridabad region.
but as far as the developemnt is concerned..one cant talk about opinions but facts..and here are the facts:

--taj expressway project has not even started thanx to mr.mulayam singh and even if it starts today it will take about 5-6 years to complete.the project will be a great achievment and will booost many cities like noida , greater noida and faridabad...but till today the work has NOT started
--the rates in gurgaon , noida is 3000+ and in greater noida around 2500-3000 psf and same for ghaziabad....
--and its a fact that MAX number of buyers in appartment complexes are MNC executives ..who want a secure complex with likie minded crowd and best facilities..and are willing to shell out nearly 2-5000 per month for maintenance only..and with SO LESS MNCs in faridabad those people are missing...
--Faridabad is still an industrial township and has not been able to come out of it like noida or gurgaon...its very badly planned and doesnt have the infrastructure like other cities in NCR...
--Most of the MNCs and IT based companies are based in Noida./ Greater Noida and Gurgaon region and NOT in delhi...and in places like Nehru place , CP etc etc..which not only lack quality but the area to make huge campuses..each campus in an IT company has about 2-5000 executives.
--and for the few IT and MNC mased execuitves working in offices in CP or Delhi...Dwarka and Ghaziabad is Much better option due to Metro connectivity ( one can still buy a 3 bedroom flat in dwarka around 50 lakhs )

In a nutshell the factors which have been the reason for the failure of faridabad:
--bad infrastructure
--Very Few MNC and IT based comopnies and nothing planned for future also as most of them are interested in Noida/Greater noida region , Guragon/Manesar
--villages are not clearly seperated from the main city..
--Haryana govt is more interested in manesar than faridabad and so many MNC are coming there

[ Reply to This ]

Affordability Factor - Faridabad will rise (none / 0) (#5)
by Unregistered Visitors on Mon Aug 14, 2006 at 11:42:52 PM EST

I agree to your hypothesis on IT Companies, but partially!

There are reasons to it.

How many people who are working with IT Company Can afford an appartment in Noida / Greater Noida / Gurgaon @ more then 3,000 psf when the average alary is not more then 75,000 per month?
Its not about IT Companies only, Faridabad will attarct people who are working in heart of Delhi i.e Connaught Place and South Delhi ex- Nehru Place, New Friends Colony, Bhikaji Cama Place, GK, EOK etc. to name a few.

There are also those set of people in IT Companies who are not sure that they will get job in Noida or Gurgaon. These people are currently living on Rent based on their job. To kill this uncertanity, these people will heavily invest in Faridabad because of pricing, quality life and equi distant.

People who can correlate all these factors are going to win in long run, others will watch it happen from outside the fence.

Things will change for Faridabad in 2-3 years.

All the Best!

P.S - I am not a Broker, I am working for a MNC and have interest in Gurgaon, Faridabad and Greater Noida.

[ Reply to This ]

I dont agree (none / 0) (#4)
by Unregistered Visitors on Mon Aug 14, 2006 at 08:14:23 AM EST

Well my opinion differs here...hers why...one simple logic behind the tremendous success of gurgaon , noida , greater noida and even ghaziabad now is the availability of Big MNCs and IT companies.
Remember cIties are made by the People who live in it and NOT by property dealers who buy everywhere and then increase the prices.....in such places they may be abel to fool the people for some time but not for long....and in the end the property muct go to an end user
Gurgaon and Noida had MNCs and IT based comaonies where the salary is highest and so they can afford expensive homes...ghaziabad's indirapuram ONLY succedded becoz of it close priximity to Noida's IT belt and close to East Delhi area which will see MAX development due to commonwealth games.Greater noida rose becoz it attarcted many MNCs and IT based compnies who are setting up campuses in a big way there...but unfortunately faridabad has not been able to attract the attention of IT and MNCs and so will not only lag behind in development compared to other cities in NCR...but also will take a long time to develop.

So i differ....as I have one simple rule which has results to prove...that JUST FOLLOW THE IT COMPANIES AND MNCs...IF THEY ARE INVESTING IN A BIG WAY IN A A CITY..THAT CITY WILL DEVELOP IN A BIG WAY..ELSE IT WILL ALWAYS LAG BEHIND...AND SEE THE EXAMPLE OF NOIDA , GURGAON , GREATER NOIDA , BANGALORE , HYDERABAD , AND NOW EVEN SUBURBS OF MUMBAI AND CALCUTTA...

UNLESS FARIDABAD ATTRACTS MANY IT COMPANIES AND MNCs IT WILL ALWAYS BE BEHIND THE REST

[ Reply to This ]

Gr8 Opportunity.... (none / 0) (#3)
by Unregistered Visitors on Mon Aug 14, 2006 at 12:24:08 AM EST

As I see it today, not many people are considering Faridabad as Gr8 option..... this is on the same lines of Sohna Road.... Genuine users who do not have 50 Lacs to Buy an appartment and who are working in either

South Delhi
Noida
Greater Noida, or
Gurgaon

The only option with world clas facility is going to bE FARIDABAD.

Horizon should be atleast 2 years. By 2010, this place is going to be equally good as Greater NOIDA with close proximity to INternational Airport as well.

Currently supply is more demand is less therefore prices ae at rock bottom, 2 years from now things are going to change drastically.... these r my 25 np.

[ Reply to This ]

Faridabad is Gold! (none / 0) (#1)
by Unregistered Visitors on Sat Aug 05, 2006 at 09:29:57 AM EST

Friends! Its only Faridabad that you can afford now... otherwise even in Jaipur, Palwal, Daruhera, Bhiwadi etc cost is more then Faridabad.

So try your luck nearest to Delhi in Faridbad.

[ Reply to This ]

faridabad has lots of scope (none / 0) (#2)
by Unregistered Visitors on Tue Aug 08, 2006 at 12:11:52 AM EST

Consider this:
Greater Faridabad is close less than 10 km from to Delhi, 20 km from Gurgaon, 15 km from Noida and 20 km from Greater Noida once the FNG expressway is completed. Which can be a better place? You can hit any place in less than 40 minutes from there.
Consider the prices in Greater Faridabad now: Cheapest in NCR, even lesser than or equal to places like Bhiwadi, Dharuhera, Palwal which are so much further away. Almost 1/rd of prices in Gurgaon, Ghaziabad or Noida.

The writing is on the wall: If you lose this opportunity and regret later.

Disclaimer: I hold properties in Greater Faridabad, Greater Noida, Noida and Ghaziabad and have profits between 100-900% in these.

[ Parent | Reply to This ]

Faridabad may be just 10 Km away (none / 0) (#6)
by Unregistered Visitors on Tue Aug 15, 2006 at 12:27:47 PM EST

from Delhi but it takes well over 2 hours to travel that 10 Km distance in a car.

I go to Faridabad for some work around once a month and time that it takes to cross the Badarpur border is no less than 1 hour during offpeak hours. During the festival season like a few days before and after Diwali you have to spend over 2 hours just to cross the boder because of long traffic jam. There is just no hope of any improvement in next few years because Badarpur flyover is pending construction since over last 10 years or so. Recently Delhi government filed a petition in Delhi high court (I'll try to find a link to that" asking for court's permission to construct an expressway to connect Faridabad with Ashram chowk. The expressway is planned for construction along with Yamuna just 300 meters away from the river. Present court orders bar any construction within 500 meters of the river Yamuna.

In its petition to the court the Delhi government clearly mentioned that it can't remove people from encroarchments on Mathura road near Badarpur border, so expressway along with river Yamuna is the only option. Clearly Delhi government has all but given up on the Badarpur border flyover project. This spineless congress government can't afford to lose the votes of Muslim community that will be affected if their illegal encroachments on the government land are removed to construct a flyover.

Dalla community on this forum often mentions "proposed" Taj expressway to sell the properties in Nahar par sectors. But noone is sure when this proposed expressway is going to be actually built. With the current traffic condition on the border as it stands now, I don't many people actually living in the new upcoming nahar par projects of Omaxe, BPTP, RPS etc. in next 3-4 years.

[ Parent | Reply to This ]

KMP, not TAJ expressway (none / 0) (#42)
by Unregistered Visitors on Wed Sep 06, 2006 at 04:42:02 AM EST

The expressway shown in masterplan of Greater Faridabad is Kundli-Manesar-Pallawal expressway, not the Taj Exp. Taj Expressway will take long, but it hardly makes any difference for fbd. Its the KMP expway, which will help Fbd to get connected with major places.

[ Parent | Reply to This ]

: dont get confused (none / 0) (#46)
by Unregistered Visitors on Fri Sep 15, 2006 at 03:00:47 PM EST

The expressway shown in gr faridabad is taj expressway.

[ Parent | Reply to This ]

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