Welcome April...

Hey Folks - Did you like the pictures? Want more?
OK - We couldn't have expected for a better begining to April (weather wise), the temperature is hovering between 33 (high) and 19 (lows) ...and its gonna get hotter from here. In addition, April is probably that time of this year when we all may be expecting a notice from GPL for the 3rd payment - its getting bigger and heavier, rite - so if you have booked a 2150 or 2190 sqft apartment; the paymant is probably gonna be close to Rs8,00,000 - Rs10,00,000 ....OUCHH !!! that hurts but it's for a good cause, isn't it. I will update when I hear about the exact due dates. Few questions folks have posted on this blog and I don't have all the answers yet but thought it'd be good to highlight

1. What is holding GPL to begin excavation? Is it the licence? And what about the license?
2. if all the licences are not in place - is it still ok to build the Sample flat?
3. Why are private sector banks not offering loans for GPL project?
4. Are BoB and OBC the only options?
5. Why is GPL not advertising as much as some of the other newer projects?
6. Will the rates be revised after sample flat construction?
7. When is GPL opening bookings for the vilas?
8. The specification say "laminated wooden flooring" - does it mean its not hardwood flooring in the master bedroom?

Feel free to post any other questions you have and i'll try to get some answers...soon!!

Folks - Great News (other than the pictures posted below) All the floor plans are now "APPROVED" and GPL has also gotten the environment clearance for the project. Which means that the project is on full swing. Before I talk more about the project - I spent a good 45 minutes at the site and driving around near by areas and I saw significant development. DLF is formally coming up with a project very close to Eden heights, its said that Unitech (which has land all around Eden Heights) are launching their project in April/May and just a KM before GPL Eden Heights I saw big hoarding for Tulip (18 acre 3-4 BHK Luxurious apartments) and all these projects are expected to be priced around 3000+ ... I know you are excited to hear about Eden Heights - So here it is - Sample Flat construction is in full swing : They are creating 2 sample flats 2150 and 2190 and 2150 will be ready by last week of April and by the looks of it and the pace at which work is going on I think I'll agree. I took quite a few pictures giving different perspective so enjoy!!!!



View from the guest bedroom of 2150

Vier from the master bedroom of 2150
Perspective from out side of 2150 master bedroom (above)

PIC 1 - Approach perspective of the 2150/2190 sqft sample flat

PIC 2 - an angry man standing at the Foyer of 2150 sqft flat

PIC 3 - The site manager 'amit' in front of the 2150 Mast bed room and the guest bedroom

Quick note on the latest and the greatest

So here's the latest and the greatest that I heard from GPL

1. Folks from GPL have gone to Chandigarh to get the approvals (so it should be with them any time)

2. When the approvals come in they will send customers (read ~ us) update if any, around layout plans, house design etc...if the super area increases that means additional $$ :o)

3. Sample flat is all done up - like walls and all, but the plastering and touching up is expected to begin in April, I plan to visit the site this weekend and publish some recent pics

4. As soon as sample flat is ready, they plan to jack up the prices - what i heard was RS3500/- psqft - which to me is very unlikely given the market scenario - but Hey!!! am i complaining - absolutely not. If i put 3500 in the colum in my calculator spreadsheet - i am seeing profits (notional :)) -

anyway more to come...

Eden Heights - Payment Calculator (Construction link plan only)

The hardest thing after you have decided to buy a house is to do all the mathematics around it. The payment due dates, the payments itself, loan, prevailing market value (to feel good if the market is upbeat :).) etc etc...I put this simple spreadsheet to manage my payments to GPL. The spreadsheet has basic formulas etc...

Since I couldn't upload the spreadsheet that you could simply download - I imported it to the google online spreadsheet with forumlas...anyway this is not the best but a basic planner - if there is a spreadsheet wizard out there who has a better version and willing to share pls let us all know - we will be more than willing to take any help to manage our finances better..

http://spreadsheets.google.com/ccc?key=pStoDbLj7Ub1Yj80Gz1a7AA&hl=en

Thank you. I am thinking on visiting the GPL site this sunday i.e. 16th march else the coming weekend..so hope to have more pics. Pls let me know if there are any specific things you'd like for me to check when I visit the site..

Home Loan Approval Letter and Layout Approval

I am not sure if all of you have received a courier from GPL with a subject "Home Loan Approvals" - I received this letter on 4th March and what was interesting about this letter was

1. It stated that the 3rd payment will be due at this time

• The letter also stated that as per Construction linked plan the 3rd payment is likely to be due - so I called the GPL rep and confirmed. They stated that the approvals have come thru and formally they will receive the letters next week (I will update the post when i hear that confirmation too).


• Secondly, GPL plans to begin allotment of houses and therefore this letter was sent so that customers can arrange funds either via loans or whatever means they may have as the formal payment letters will be sent to us by mid of April with end of april as due date for making such payments.

2. For some strange reason I still don't see any private banks offering loans for this project - maybe after GPL has the formal approval letters in hand - we will see private banks begining to fund.

3. Also what would be interesting to see (after apporvals are in place) what changes GPL makes to the 2150 and 2190 sqft 3BHK + servant houses. I heard a few months back that the super area of the house is set to increase by 40-50sqft as they plan to add a store cum puja room in the 3BHK offer...(which also means additional payment from us...)

I appreciate you all taking to visit this blog and build the Eden Heights community...hopefully we will all get a chance to meet (when the sample flat is ready...)

Happy Sunday!!!