What Is the Story About the Builder Floor's Govt Notification & Flood Of Launches By Builders?


By Sanjay Sharma, Section Environment
Posted on Sun Jun 28, 2009 at 06:39:26 PM EST

VIPUL FLOORS launched in Vipul World, Sohna Road

PRICE LIST
For Plot Size - 288 sq yds (Type DC)
Floor Built up Area
(in sq ft)
Basic Price
(in Rs.)
EDC/IDC
(in Rs.)
Total
(in Rs.)
Ground 1470 5338300 161700 5500000
First 1470 4738300 161700 4900000
Second 1470 4338300 161700 4500000
 
For Plot Size - 360 sq yds (Type C)
Floor Built up Area
(in sq ft)
Basic Price
(in Rs.)
EDC/IDC
(in Rs.)
Total
(in Rs.)
Ground 1700 6713000 187000 6900000
First 1700 6113000 187000 6300000
Second 1700 5713000 187000 5900000
Include EDC,IDC, SQ ,Two Car Parking

First it was Unitech that sold its Woodstock floors with private assurances that the registry of Builder Floors was going to open soon. And then, as per the script, HUDA and administration notified that the builder floors registry had opened via http://huda.nic.in/policy/policy1_13mar.pdf .

Even though since the March notification not a single registry of builder floor has happened in the state of Haryana ... not a single registry even after the passage of over 100 days since the Govt announced it with fanfare ... the gold rush for the floors has begun.

But, using the Govt notification the builders like BPTP (Elite Floors), Emaar MGF (Emerald Hills), PAL (Neillia), Era Landmarks (Divine Court), and now Vipul ... seems everyone is now launching Floors in the same compound (or near it) in which they had earlier launched apartments .... Builder floors and cheap housing is the magic mantra to get people to open their wallets wide open.

How this "recovery" of real estate has been perfectly scripted by the Govt and Builders .... even though till date not a single floor has been registered. Any ideas of what lies behind all this?

< Soon, A Two-Bedroom Flat For Rs 25 Lakh In Delhi
Win A Jeans Twice a Week
&
Win A Kurta 7 Days A Week

Login

Make a new account

Username:
Password:
submit story | create account | faq | search