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When Will Development Start in New Sectors According to to Gurgaon Masterplan 2021?


By prospective buyer, Section Ask Questions
Posted on Fri Apr 20, 2007 at 08:02:27 AM EST

Hi

Any idea when projects in the new sectors (as per 2021 master plan) are launching ?

Also, assuming if the same builder was to build, what would be the rate difference in percentage terms between built-up apartments in the older sectors and these new ones.

Thanks!

< Temperature Rise Necessitates Power Cuts In Haryana And Punjab | Why there is no control on Homeloan Rates? An Unbearable Burden On People Like Us >

bookings started (none / 0) (#1)
by Unregistered Visitors on Sun Apr 22, 2007 at 11:04:51 AM EST

bookings are on though on a silent note for the new projects in gurgaon, AJS,an unreliable,blacklisted from noida authority is taking bookings for long for its sector 61 project, pal group in sector 70,dwarkadhis in sector 84,near haldiram and ild on pataudhi road and the minimum rates being 2200 rs per square feet.
 Worth investing now coz dwarkadhis has inreased prices by 100 rs per square feet already.



[ Reply to This ]


Gurgaon Real Estate. (none / 0) (#5)
by Unregistered Visitors on Tue Apr 24, 2007 at 08:46:22 AM EST

It is shocking the Haryana Government has no check over these new builders who are giving full page adds about themselves and inviting application for flats an d plots.But no where they mention the Registration No.Obtained from the State Government and devleop a particular village area into an urban withoput the proper Legal Approval of the Government.There atre many cases pending before the Hon'ble Supreme Court of India where quiote number of Buildewrs including y7 Heavnes,Vian and Parasnath and many more have been barred to proceed further in this area.They have already minted money in crofres and crores but withouit any sign of showing any pysical possession of land.

Are we not being made a fool by these unmindful builders whose standing in the society casts a black shadow.THE GOVERNMENT SHOULD TAKE SERIOUS ACTIONS AGAINST THESE AND CANCEL ALL THE ALLOTMENT OF LAND TO THEM AND TRY TO GIVE THE LAND TO SOME GOOD AND HONEST PEOPLE INSTEAD.These people are simply enjoying our hard earned money.

We talk of undeveloped new Huda sectors-what about the old and the existing ones-where there are no roads,no footpaths,no street lioghts,no draoinage system,improper severage spreading all filth around these areas.Why the public is silent aboiut these.THERE IS NO LIGHT FOR HOURS TOGETHER AND OUR CM SAYS GURGAON HAS A ZIRO CUT LIGHT-WHAT A BIG JOKE OF THE PEOLPE OF THE CITY.

The Government wants convert this City as a millinium one but how -with the existing all drwabacks.THE GOVT. SHLOULD UNDERSTAND AND LEARN THAT BUT CRAETING FEW TALL BUILDINGS AROUND THE CITY WITH A FEW MALLS DOES NOT MEAN A MILLINIUM CITY--WHEN THE BASICS ARE MSIING.

The Government has to first pull up its own socks put all the realted eaprtrments to be on their toes and put the things in Gurgaon straight only then talk of making it a millinium or a model city.It may take us over 2-3 decades to first improve the infrastructure and then think of this.

Further development under M aster Plan to wipe out greenery from the villages shouild be stopped forthwith.If we finish Nature,where do we go-only digging our own graves in  the concrete jungles of Master plan.

Let us wake up be up and doing in the direct direction,be sensible and do things which can give comfort to the society.ABOVE ALL STOP THE SU;PERFLUOUS RATES OF REAL STATE AND COME ON THE GROUND FROM OUYR FANCY FLIGHT IMAGINARY RATES.



[ Parent | Reply to This ]



thanks.. (none / 0) (#2)
by prospective buyer on Mon Apr 23, 2007 at 12:01:05 PM EST

Thank you for the information.

Do you have an idea when schemes from developers who supposedly have "land banks" in these new sectors (DLF, Unitech, Pioneer Urban Land & Infrastructure, Vatika, Raheja, Vipul, and Emaar-MGF) would start appearing ?

Seems to me that since the prices have decreased recently and more is expected (due to interest rates), it might not make commercial sense for the new projects to come in; for once they do these would go down further. your comments ?



[ Parent | Reply to This ]


they have to be launched within a year or so (none / 0) (#3)
by Unregistered Visitors on Mon Apr 23, 2007 at 08:41:31 PM EST

Most of these land holdings are old for DLF atleast. They cant keep sitting on the land for decades and decades as they are trying to go for an IPO and have to show ever increasing sales and profits. A one man show can act like a landlord and sit on empty land for decades but a listed company has to develop more and more land every year or get hammered down on the bourses!

Stock markets dont value land banks for long if land banks dont get converted to finished apartments and apartments to hard cash flow!

 I think they will develop and sell even in a falling market. The apartments will be slightly smaller and more value for money @1800 psf or so in my opinion.



[ Parent | Reply to This ]


Unitech and DLF can still sell (none / 0) (#6)
by Unregistered Visitors on Tue Apr 24, 2007 at 01:35:24 PM EST

Even when the prices are falling and interest rates are going up, major and reputed builders like Unitech, DLF and Emaar MGF can still sell. Though it is widely expected that these new sectors will have smaller flats to reduce overall cost for buyers.

Days of Rs.7000 psf flats are over for now at least.



[ Parent | Reply to This ]



PSF rates in new sector (none / 0) (#4)
by Unregistered Visitors on Mon Apr 23, 2007 at 10:59:21 PM EST

But dwarksdhis is asking 4 2450 PSF in a pre launch offer. Do u think it is worth to invest in dwarkadhis for 2450 PSF?


[ Parent | Reply to This ]


dwakadhis sector-84,gurgaon (none / 0) (#10)
by Unregistered Visitors on Mon Sep 17, 2007 at 09:48:37 AM EST

seeing rates in places as remote as bhiwadi & neemrana etc why not?????????????


[ Parent | Reply to This ]



Best opportunity (none / 0) (#7)
by Unregistered Visitors on Tue Apr 24, 2007 at 10:12:53 PM EST

The rates c annot go below the first rate at which a booking is done in a builder flat,coz the builder will have to sell the rest 60-70 percent project at higher rate to earn something out of the project.
 If we consider the rate at which the builder is taking the booking today ,hardly 150-200rs per sq feet goes to the builders pocket(calculation based on land rate-4 crore per acre,licence fee 1 crore per acre,bribes etc 1 crore per acre,constrution of basic structure 700 rs per sq fee,cost of other fitments including polishing painting woodwork bathroom n electrical fittings 150rs per square feet,marketing cost-a full page add in national daily costs 36 lakhs,dealer commision-more than 100 rs per square feet)
  calculate using the above expenses if its possible for a builder to offer cheaper flats than 2400,2500rs per square feet in ggn.
  i would say go ahead grab the opportunity to have a home in ggn at this rate



[ Parent | Reply to This ]


then the builders are idiots (none / 0) (#8)
by Unregistered Visitors on Wed Apr 25, 2007 at 02:12:47 AM EST

why are they paying 4 crores an acre for agricultural land? You think the farmer can make even 1 lakh a year from it? Builders have to form a cartel and refuse to acquire above 50 lakhs an acre. This competition to buy and hold land banks is the reason why some builders will go bankrupt. Land banks should be illegal. You acquire only as much land as you can develop in 1 year. Anything more should be taxed @30% p.a.

this is nuts.



[ Parent | Reply to This ]


then every one is idiot (none / 0) (#9)
by Unregistered Visitors on Wed Apr 25, 2007 at 06:07:03 PM EST

buying plot of 200 yd for 1 crore .... If builder even makes a plot on 1 acre and sell it at the rate what plots are selling , still he would make hefty profit of buying 1 acre @ 4 crore


[ Parent | Reply to This ]









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