Greater Faridabad - Challenges Ahead

Posted By indiaspaces . on 20 Jul 2011
Members (169) | Comments (297)

Greater Faridabad - Challenges  Ahead

Newly developed or Under Development Sector 70-90 in Faridabad is often referred to as Neher Par (there are actually two adjacent canals i.e. Gurgaon Canal and Agra Canal.  A modern terminology for the area is GREATER FARIDABAD.

Following are some of the Challenges -

1. Delay in possession of projects by almost every builder (projects launched as early as 2005)

2. Lack of Development of External Infrastructure by Govt Authorities (expected not earlier than 2013-14)

3. Farmers continue to protest over acquistions and this may cause further delays (if nothing else)

4. Govt has increased EDC/IDC in the region and it is costing almost double to investors (than the original one).

5. Developers are increasing super area in most cases at the time of possession thereby increase in cost.

6. Over Booking and Non allotment by some developers.

7. Some Developers compelling investors to cancel unit, or take reallotment.

8. Burdened the customer with service tax on payments after july 2010 (Delayed Possession)

9.  Developers also silent on Delay Penalty and finding excuses to avoid them. Resale Units worst affected.

10. Consumer groups are fighting for the issues but their negative propaganda hampering commercial values

 

Comments
stop collecting enhanced EDC - ( Greater Faridabad - Challenges Ahead )
Posted by vijay 23 Nov 2013
As informed by Mr. Umesh Prabhakar, DTCP (Department of Town and Country Planning, Haryana) has issued order to Colonizers in accordance with High Court stay on enhanced EDC to STOP collection of enhanced EDC from residential buyers. Same has been put up by DTCP on its website publicly to inform all colonizers. Order basically says 3 things: (1) Stop collecting enhanced EDC as Department is not insisting for the same (2) If some enhanced EDC already collected from buyers, then deposit that immediately to Department and (3) If builder forces customers to pay enhanced EDC, then builders themselves have to face consequences. Order is on TCP Haryana website on front page on right side under WHATS NEW

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Circle Rate - ( Greater Faridabad - Challenges Ahead )
Posted by 16 Apr 2013
Hi, can you please confirm the current circle rate in Faridabad for Sector 86

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Re-registry - ( Greater Faridabad - Challenges Ahead )
Posted by 15 Apr 2013
should be yes. but better check directly with developer or registrar office.

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registry - ( Greater Faridabad - Challenges Ahead )
Posted by siwa 11 Apr 2013
Please suggest the amount required for registering a flat of size 1250 sqft basis new circle rate. is it 1250 * 3000?

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Greater Faridabad - Challenges Ahead - ( Greater Faridabad - Challenges Ahead )
Posted by Raghvendra 11 Apr 2013
Any update from court hearing

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Re-registry - ( Greater Faridabad - Challenges Ahead )
Posted by 09 Apr 2013
Yes for all resale cases. Not original booking.

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Re-new circle rate - ( Greater Faridabad - Challenges Ahead )
Posted by 09 Apr 2013
for original booking unchanged. for new booking, new circle rate should apply.

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Additional EDC - ( Greater Faridabad - Challenges Ahead )
Posted by Raghvendra 07 Apr 2013
Rajeev G , Any refund for customers who have already paid increased EDC . Regards

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registry - ( Greater Faridabad - Challenges Ahead )
Posted by vishnu 05 Apr 2013
So the registry will be done at minmium price of INR3000/- PSFT irrespective of buying price...

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