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
Monday, November 28, 2011
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
Monday, September 6, 2010
Welcome September
Wow!! I got back from the Eden Heights site and I have to admit that i was pleasantly surprised with the way the structures have come up... here are some updates
GOOD STUFF--Brick work going on at all the towers( Tower A - 4bhk ...looks like most of the brick work is done - in other towers the brick work is ranging from 4th floor to the top floor)
CONFUSED ABOUT--. I am still a little confused of the layout of the club house. The gentleman on the site mentioned that the layout model was the most updated but i am not sure....something i will confirm with GPL folks and update here.
CLARITY NEEDED-- . Still no clarity around how GPL plans to use the place where the sample flat is located...i am hearing mixed stuff sometimes i hear its reserved for a couple of very exclusive bunglows. I am also hearing that there could be another mint like tower and i am also hear that there is no plan for that land..it'll be empty. (i like the 1st and the 3rd option - no more mint tower)
4. MATTER OF FACT -- The approach is still from badshahpur village which sticks out like a sore thumb...and i didn't see any work on the SOUTHERN PERIPHERY ROAD...(i don't mean to say there was no work going towards the construction of the road...what i mean is that it not visible from the approach to GPL..)
5. CLARITY NEEDED --- In the scale model of GPL EDEN HEIGHTS shows a 24 meter wide road out side the complex...but what confuses me is that TULIP has apartments coming on both sides of the existing road a few 100 meters prior to GPL and if you drive past the two buildings of Tulip across the current road - you'll wonder how can a 24 meter road be built there...SO THIS IS SOMETHING WE NEED TO FIGURE....
There are still a rare few apartments available from the builder in 2150sqft but all 2,4 and 2190 are sold out. The resale for 2150 is 3200 and 2190 3400 - the word is that the builder plans to jack up the rates further...which should not be surprizing considering the rates in the neighborhood..
hope y'all are doing well.. thanks for keeping the forum very active and informative!!
GOOD STUFF--Brick work going on at all the towers( Tower A - 4bhk ...looks like most of the brick work is done - in other towers the brick work is ranging from 4th floor to the top floor)
CONFUSED ABOUT--. I am still a little confused of the layout of the club house. The gentleman on the site mentioned that the layout model was the most updated but i am not sure....something i will confirm with GPL folks and update here.
CLARITY NEEDED-- . Still no clarity around how GPL plans to use the place where the sample flat is located...i am hearing mixed stuff sometimes i hear its reserved for a couple of very exclusive bunglows. I am also hearing that there could be another mint like tower and i am also hear that there is no plan for that land..it'll be empty. (i like the 1st and the 3rd option - no more mint tower)
4. MATTER OF FACT -- The approach is still from badshahpur village which sticks out like a sore thumb...and i didn't see any work on the SOUTHERN PERIPHERY ROAD...(i don't mean to say there was no work going towards the construction of the road...what i mean is that it not visible from the approach to GPL..)
5. CLARITY NEEDED --- In the scale model of GPL EDEN HEIGHTS shows a 24 meter wide road out side the complex...but what confuses me is that TULIP has apartments coming on both sides of the existing road a few 100 meters prior to GPL and if you drive past the two buildings of Tulip across the current road - you'll wonder how can a 24 meter road be built there...SO THIS IS SOMETHING WE NEED TO FIGURE....
There are still a rare few apartments available from the builder in 2150sqft but all 2,4 and 2190 are sold out. The resale for 2150 is 3200 and 2190 3400 - the word is that the builder plans to jack up the rates further...which should not be surprizing considering the rates in the neighborhood..
hope y'all are doing well.. thanks for keeping the forum very active and informative!!
Thursday, June 17, 2010
June 10 - Eden Heights progress report
Hi ya'll - its been a while. And a lot has happened since my last post and the blog adorns a new look too. Some may like some may not...so pls leave your comments!!!
First off, thanks for all the folks who contacted me via email or by phone and complimented on this blog..your compliments are much appreciated and I am very happy to hear that what we have been able to create with this blog is a genuine community of end users at eden heights. I also got a chance to speak with several of you expressing interest in my own property which i didn't want to part with at this point.
Ajay , Chetan - thanks for your email last night. Well, i feel the eden heights project is doing fairly ok, yes there is delay (builder claims 4-5 months, but i feel its more like a year considering i bought in 2007 with a 3 year window to possession) none-the-less the progress is good. Some of the pointers below will help you make up your mind
The progress report
1. Southern Periphery - YAY! finally the southern periphery road has gotten a go ahead and work has been allocated so hopefully we'll see a brand new road there by mid of 2011. Mohit Bansal very accurately posted the link which i too wanted to post. http://www.indianexpress.com/news/haryana-gives-road-project-to-unitech-dlf/634308/1
2. Tower B and C are constructed till 8th floor (a little behind other towers). Tower I is at 12th floor as of today. All other building structures are completed
3. Brick work and electrical work has begun in most of the buildings.
4. The other bit of news i gather is that GPL folks have some sample designs of villas (remember they originally wanted to make villas at the entrance)which they plan to build at the entrance..I still dont have the layout plans but will try to get those. this is also good news though
5. From a payment perspective - if you were go to by the construction link plan..many folks are sitting at a 95% payment structure..i know quite a few of you have paid upwards of 12 installments and some hovering around 8-9 too. GPL folks are now going less aggressive in seeking for payments.
I haven't gotten a chance to meet with Sandeep or his dad in a long time and it's partly because i haven't tried too hard but I ABSOLUTELY will be meeting them in the next few weeks to get some more insights into the project and share with ya'll. I also plan to visit the site next weekend ( 26th june and hope to share some pics then)
BTW - a very warm welcome to the MINT TOWER users to this site. i am glad you are finding the forum useful to interact.
Lastly, since we have a lot of folks interested in GPL, i am trying to talk to GPL folks to see if folks referring this website can get some discount (this is purely in the interest of genuine users and I am not a broker and seek no benefit from this)
Thanks for your patience and keeping this forum active...QUESTIONS/COMMENTS?????
Vik..
First off, thanks for all the folks who contacted me via email or by phone and complimented on this blog..your compliments are much appreciated and I am very happy to hear that what we have been able to create with this blog is a genuine community of end users at eden heights. I also got a chance to speak with several of you expressing interest in my own property which i didn't want to part with at this point.
Ajay , Chetan - thanks for your email last night. Well, i feel the eden heights project is doing fairly ok, yes there is delay (builder claims 4-5 months, but i feel its more like a year considering i bought in 2007 with a 3 year window to possession) none-the-less the progress is good. Some of the pointers below will help you make up your mind
The progress report
1. Southern Periphery - YAY! finally the southern periphery road has gotten a go ahead and work has been allocated so hopefully we'll see a brand new road there by mid of 2011. Mohit Bansal very accurately posted the link which i too wanted to post. http://www.indianexpress.com/news/haryana-gives-road-project-to-unitech-dlf/634308/1
2. Tower B and C are constructed till 8th floor (a little behind other towers). Tower I is at 12th floor as of today. All other building structures are completed
3. Brick work and electrical work has begun in most of the buildings.
4. The other bit of news i gather is that GPL folks have some sample designs of villas (remember they originally wanted to make villas at the entrance)which they plan to build at the entrance..I still dont have the layout plans but will try to get those. this is also good news though
5. From a payment perspective - if you were go to by the construction link plan..many folks are sitting at a 95% payment structure..i know quite a few of you have paid upwards of 12 installments and some hovering around 8-9 too. GPL folks are now going less aggressive in seeking for payments.
I haven't gotten a chance to meet with Sandeep or his dad in a long time and it's partly because i haven't tried too hard but I ABSOLUTELY will be meeting them in the next few weeks to get some more insights into the project and share with ya'll. I also plan to visit the site next weekend ( 26th june and hope to share some pics then)
BTW - a very warm welcome to the MINT TOWER users to this site. i am glad you are finding the forum useful to interact.
Lastly, since we have a lot of folks interested in GPL, i am trying to talk to GPL folks to see if folks referring this website can get some discount (this is purely in the interest of genuine users and I am not a broker and seek no benefit from this)
Thanks for your patience and keeping this forum active...QUESTIONS/COMMENTS?????
Vik..
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