2007 november - i didnt think i'll still be waiting for possession. GPL management its about time you stick to your commitments regarding delivery. I still remember when we first met Guptas at their office - the timeline to delivery was 3 years. I was realistic and thought 1year + should be ok but now ITS NOT OK.
First thing first - Possession and livability within GPL.
1. GPL folks must start giving possession tower by tower - and ensure that each tower has its management and is livable.
2. the issue of possession has been dragging for very long time and many folks are running out of patience.
3. We all have lost significant rental and EMI interest on this project and yet there is no sign of SPR connectivity, water, electricity etc
What the end users would like
1. transparency on dates?
2. what does possession mean - what will it include and what will it not? (pre - possession letters dont mean much to us)
3. When will the society be formed?
4. What is ongoing maintenance model to ensure - Eden heights is per what was sold to us.
I am still optimistic but really frustrated with lack of concrete timelines been given. Glad to have a large group of Eden heights end users who are equally passionate about this subject and driving the agenda
cheers...
Friday, June 7, 2013
Monday, December 24, 2012
Eden Heights Dec 2012
Guys - the site is up...i received a lot of inbox messages from folks seeking update on the project. For those who cant access the facebook page here is the latest and greatest
1. The project is running late by 2 years but there is light at the end of the tunnel - june 13 is looking very likely
2. Interior finishing work is going on - kitchen tiles are done, lifts are installed in several towers.
3. Mint towers is work in progress and so is the EWS apartment
4. there is a lot of construction all around so as part of the gurgaon manesar 2031 plan - the sectors beyond sohna road are the new grugaon sectors and will see a lot of development
5. SPR is still suspect...the revised timeline is June 13 but a KM strtch is under litigation...eventually it will come up because there is a ton of investment already happened around it so its only a matter of time and political pressure (builder/HUDA) and as soon as it comes up
6. Resale of 2150-2190 is approx 5400 (builder will offer buy back of 5100-5200) and if you are patient you can get approx 5400 right now.
7. Indus Valley school which is 50 meters from the GPL project is operational
implications of possession in 2013
1. infrastructure in sec 70 and neighboring sectors (roads, power, street lights - considering how safe gurgaon is :) )
2. connectivity via SPR (its really not feasible to use the badshahpur road to travel everyday)
3. security and safety in the neighborhood
this a quick update. thanks for the patience guys - we'll been in it together for several years and its only a few more months now
cheers
1. The project is running late by 2 years but there is light at the end of the tunnel - june 13 is looking very likely
2. Interior finishing work is going on - kitchen tiles are done, lifts are installed in several towers.
3. Mint towers is work in progress and so is the EWS apartment
4. there is a lot of construction all around so as part of the gurgaon manesar 2031 plan - the sectors beyond sohna road are the new grugaon sectors and will see a lot of development
5. SPR is still suspect...the revised timeline is June 13 but a KM strtch is under litigation...eventually it will come up because there is a ton of investment already happened around it so its only a matter of time and political pressure (builder/HUDA) and as soon as it comes up
6. Resale of 2150-2190 is approx 5400 (builder will offer buy back of 5100-5200) and if you are patient you can get approx 5400 right now.
7. Indus Valley school which is 50 meters from the GPL project is operational
implications of possession in 2013
1. infrastructure in sec 70 and neighboring sectors (roads, power, street lights - considering how safe gurgaon is :) )
2. connectivity via SPR (its really not feasible to use the badshahpur road to travel everyday)
3. security and safety in the neighborhood
this a quick update. thanks for the patience guys - we'll been in it together for several years and its only a few more months now
cheers
Monday, November 28, 2011
Eden Heights - NOV 2011 UPDATE
Phew what a long time since my last update. November is a special month for me because it was in November 2007 when I booked my apartment in GPL eden heights....!!!! I know you are all doing math right now.
Anyway, apologies for the long sabbatical since I was pretty caught up and busy with travels. Thanks to several other end users who have started a Facebook group of endusers - it's amazing to see such a strong community even before the community is formed!!! thanks to all for your participation
I visited the GPL SITE on 26th NOV 2011 and here are some observation
1. The Southern Periphery road is in a bad shape. some may say that work has started but till its not complete it's not complete and going thru badshahpur is pain.
2. There is way too much construction going on around the site - which is good and bad. Good because the property and area is showing signs of development. Bad because..there is no infrastructure and governance and civic amenities to meet the needs of the area...so the place doesn't look very inhabitable
3. The work on the eden height site is going on well (you've done the math by now). if the current date of possession is Dec 2012..its 5 years and given that MINT tower work is not started..even if you live in eden heights, you can expect constrution work to continue till 2014 -- :((( thats not cool!
4. All is not bad. The quality of constrution looks pretty good -
-----the basement looks solid
-----there seems to be sewage/drains in the basement for water not to accumulate (this shows attention to detail)
----- there is fire fighting provisions in every apartment
----- the club house is now moving to where the sample flat is - which gives a lot of greens to the users.
----- the massavie balconies look awesoem. Enough for my son to play cricket!!
----- the market rate for 2150 is Rs4550psft. And GPL folks still have a few units available...(duh! still after 5 years!! why). 2190 is not available and nor are the 4 BHK.
----- A broker recently called me and was offering 4200 for the 2190 in resale. I obviously didn't sell.
---- the grills on the balcony are different than what was provided in teh sample flat - i like the one on the sample flat.
----- if you have a 2190 apartment - your kitchen is only 3 feet away from your neighbors balcony..not very impressive design work!! This was the quesion I had asked on this blog 3 years ago and also posted to the architects...!!!
----- there is a nice space before the common bathroom near the living room in the 2190 apartment.
----- the lift lobby area looks a little dark..not sure what is the provision of covering the windows, is it glass or steel grills..I would prefer glass.
----- I didn't see a provision for a garbage shute!!!
----- GPL is providing some nano tech - feature that none of the residents will have to install DISH or telephone/broadband wires..all will be fed thru a centralized unit in the basement. I like it. It's subscription based..some initial payment and then i think rs 150/per month or more..not sure
---- MINT tower papers (clearance/licence) is almost there and work will start soon.
While there is a delay, i hope the builders will use this time to deliver a high quality product. That said, there are benefits of delay too
---- saves us some installments, therefore less EMI
---- saves us registration fees and maintenance fees
unfortunately we still have to fund the RENT, EMI etc.
Hope all of you are well. feel free to add your comments.
Cheers
Anyway, apologies for the long sabbatical since I was pretty caught up and busy with travels. Thanks to several other end users who have started a Facebook group of endusers - it's amazing to see such a strong community even before the community is formed!!! thanks to all for your participation
I visited the GPL SITE on 26th NOV 2011 and here are some observation
1. The Southern Periphery road is in a bad shape. some may say that work has started but till its not complete it's not complete and going thru badshahpur is pain.
2. There is way too much construction going on around the site - which is good and bad. Good because the property and area is showing signs of development. Bad because..there is no infrastructure and governance and civic amenities to meet the needs of the area...so the place doesn't look very inhabitable
3. The work on the eden height site is going on well (you've done the math by now). if the current date of possession is Dec 2012..its 5 years and given that MINT tower work is not started..even if you live in eden heights, you can expect constrution work to continue till 2014 -- :((( thats not cool!
4. All is not bad. The quality of constrution looks pretty good -
-----the basement looks solid
-----there seems to be sewage/drains in the basement for water not to accumulate (this shows attention to detail)
----- there is fire fighting provisions in every apartment
----- the club house is now moving to where the sample flat is - which gives a lot of greens to the users.
----- the massavie balconies look awesoem. Enough for my son to play cricket!!
----- the market rate for 2150 is Rs4550psft. And GPL folks still have a few units available...(duh! still after 5 years!! why). 2190 is not available and nor are the 4 BHK.
----- A broker recently called me and was offering 4200 for the 2190 in resale. I obviously didn't sell.
---- the grills on the balcony are different than what was provided in teh sample flat - i like the one on the sample flat.
----- if you have a 2190 apartment - your kitchen is only 3 feet away from your neighbors balcony..not very impressive design work!! This was the quesion I had asked on this blog 3 years ago and also posted to the architects...!!!
----- there is a nice space before the common bathroom near the living room in the 2190 apartment.
----- the lift lobby area looks a little dark..not sure what is the provision of covering the windows, is it glass or steel grills..I would prefer glass.
----- I didn't see a provision for a garbage shute!!!
----- GPL is providing some nano tech - feature that none of the residents will have to install DISH or telephone/broadband wires..all will be fed thru a centralized unit in the basement. I like it. It's subscription based..some initial payment and then i think rs 150/per month or more..not sure
---- MINT tower papers (clearance/licence) is almost there and work will start soon.
While there is a delay, i hope the builders will use this time to deliver a high quality product. That said, there are benefits of delay too
---- saves us some installments, therefore less EMI
---- saves us registration fees and maintenance fees
unfortunately we still have to fund the RENT, EMI etc.
Hope all of you are well. feel free to add your comments.
Cheers
Saturday, February 5, 2011
EDC/IDC and MINT TOWER UPDATE
Well, 2011 probably didn't start of well for GPL investors including end users for a couple of reasons
MINT TOWER - Yeah they screwed up!!! I don't know what was the problem considering that the mint towers were sold out 'instaneously' - probably just like Eden heights have only a few apartments remaining for the past 2 years :)..sounds like a joke now! Well long story short
-- The company is returning users payments with 8-10% interest pa. (hope someone confirms this)
-- Mint tower refunds doesn't have a big financial impact on the project as the builder had only taken the booking amounts etc..(thats what i gathered from GPL..investors know better)
-- Personally I doubt that MINT Towers will ever be built now. Lets see whats the plan to use the space
bottomline - IT SUCKS!! and doesn't instill a lot of confidence
EDEN HEIGHTS - EDC/IDC
-- the way EDC IDC works is (the less the developed area, the more is the edc idc...i.e govermenment needs that much more money to provide basic infrastructure... i.e broken roads, no water and electricity etc :)
-- EDC/IDC is something government charges so builder doesn't have control over it
-- QUESTION and I am tryin to figure this out --- EDEN HEIGHTS is already 1 year+ behind schedule so assuming that EDEN HEIGHS was delivered in Feb 2010 (3 years)...we would have been saved of the new EDC/IDC -- does it work like that??? If so then -
--- where is the penalty that that builder needs to pay endusers - i.e 3rupees psft per month x 12 months ..so for a 2000 sqft apartmenmt it turns out to be (2000x3)x12 = 72000 and interest etc and the additional edc/idc is approx220,000/-
i am trying to figure this out..any input is appreciated... obviuously all of us are feeling a little Short-changed!!!
.....vik...
MINT TOWER - Yeah they screwed up!!! I don't know what was the problem considering that the mint towers were sold out 'instaneously' - probably just like Eden heights have only a few apartments remaining for the past 2 years :)..sounds like a joke now! Well long story short
-- The company is returning users payments with 8-10% interest pa. (hope someone confirms this)
-- Mint tower refunds doesn't have a big financial impact on the project as the builder had only taken the booking amounts etc..(thats what i gathered from GPL..investors know better)
-- Personally I doubt that MINT Towers will ever be built now. Lets see whats the plan to use the space
bottomline - IT SUCKS!! and doesn't instill a lot of confidence
EDEN HEIGHTS - EDC/IDC
-- the way EDC IDC works is (the less the developed area, the more is the edc idc...i.e govermenment needs that much more money to provide basic infrastructure... i.e broken roads, no water and electricity etc :)
-- EDC/IDC is something government charges so builder doesn't have control over it
-- QUESTION and I am tryin to figure this out --- EDEN HEIGHTS is already 1 year+ behind schedule so assuming that EDEN HEIGHS was delivered in Feb 2010 (3 years)...we would have been saved of the new EDC/IDC -- does it work like that??? If so then -
--- where is the penalty that that builder needs to pay endusers - i.e 3rupees psft per month x 12 months ..so for a 2000 sqft apartmenmt it turns out to be (2000x3)x12 = 72000 and interest etc and the additional edc/idc is approx220,000/-
i am trying to figure this out..any input is appreciated... obviuously all of us are feeling a little Short-changed!!!
.....vik...
Friday, October 22, 2010
Some clarifications required. Maybe we should meet...
So today a gentleman had gone to GPL to invest in a flat there (BTW the going rate is 3800). This individual had made up his mind but came back not investing because he felt some of his questions weren't addressed clearly. Amit Jindal, thanks for talking with me today and sharing this and I am posting it for the benefit of others so that they can share their views and thoughts on the same.
No questions on the quality of the construction, we all agree that its good. But given that EDEN HEIGHTS is nearing possession some of the things become important from a END USER perspective
1. AIR CON Ducting - Looks like GPL is not providing AC DUCTING inside the walls. They will allow the owners to do it 3-4 months prior to possession.
2. Water Supply - HUDA doesn't have any water supply in those sectors so not sure how this will work? Is there additional cost etc? If so what??
3. Sewage - HUDA doesn't have sewer lines in those sectors - how will this be taken care of??
4. Hi-tension wire -- There is also ongoing concern among potential buyers and end users of the high-tension wires those are above one section of the eden heights complex. How does that factor in?
5. Approach road to Eden Heights -- Eden heights is not on the southern periphery road but it's a little away - who is responsible for constructing that road which will connect Eden heights to the main road?
6. Other projects that are just starting construction such as Tulip purple etc are quoting higher prices than Eden Heights - why? given that Eden heights is way ahead from a development perspective.
7. What are the finalized internal fixtures i.e...
All the above are very important questions and I am sure this group will have a lot more of those. SO PLS POST YOUR QUESTIONS...so that we can get some Clarity.
We have a good list of people on this forum and on Amit Shivare's Facebook group - think its time for us to put faces to names and meet !! May be we should plan meeting after Diwali
Happy Diwali to all the members of this group!!!
Cheers
No questions on the quality of the construction, we all agree that its good. But given that EDEN HEIGHTS is nearing possession some of the things become important from a END USER perspective
1. AIR CON Ducting - Looks like GPL is not providing AC DUCTING inside the walls. They will allow the owners to do it 3-4 months prior to possession.
2. Water Supply - HUDA doesn't have any water supply in those sectors so not sure how this will work? Is there additional cost etc? If so what??
3. Sewage - HUDA doesn't have sewer lines in those sectors - how will this be taken care of??
4. Hi-tension wire -- There is also ongoing concern among potential buyers and end users of the high-tension wires those are above one section of the eden heights complex. How does that factor in?
5. Approach road to Eden Heights -- Eden heights is not on the southern periphery road but it's a little away - who is responsible for constructing that road which will connect Eden heights to the main road?
6. Other projects that are just starting construction such as Tulip purple etc are quoting higher prices than Eden Heights - why? given that Eden heights is way ahead from a development perspective.
7. What are the finalized internal fixtures i.e...
All the above are very important questions and I am sure this group will have a lot more of those. SO PLS POST YOUR QUESTIONS...so that we can get some Clarity.
We have a good list of people on this forum and on Amit Shivare's Facebook group - think its time for us to put faces to names and meet !! May be we should plan meeting after Diwali
Happy Diwali to all the members of this group!!!
Cheers
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