NDTV Profit Property Show on Greater Faridabad, May 2012

[BlessU]

Hi
Greetings

Please check and comment on the NDTV chat on Gr Faridabad.

Firstly thanks to all the GFWA members for raising their concern and probably first time their voice gets heard on a prominent, Most ethical, English, National Channel.

http://profit.ndtv.com/show/The-Propert ... akh/233918

Real issues still got shadowed by presentation of two big cousins of Real Estate who are there only to promote their project.

This is just the start and hopefully we will see more things trigerring off after Seemas Maiden CNN IBN Citizen Journalist show.

Cheers

[dheerajjain]

Thanks a lot BlessU and to all GFWA members who participated in raising the voice of Greater Faridabad.

[kumarashish]

Thanks for all your efforts. Hope other TV channel will follow-up Neharpar issue.

[Pankaj Rawat]

This is indeed a very good coverage on the real fact of Neharpar / Greater Faridabad.
Now that it was been aired by national news channel, it will help in creating pressure towards builders.

Great efforts by BlessU and GFWA team in making this happen..... As always, appreciate all your efforts.

I request all members to circulate this Neharpar coverage of NDTV profits to all your contacts and friends who are impacted or planning to invest in Greater Faridabad.

Thanks & Regards
Pankaj

[Flat-Deals.com]

Hi all,

Though I salute the efforts of the GFWA, I must say that this report will end up discouraging Faridabad property buyers.

There are question marks all over the report and the main reporters have not highlighted the current development work in Neharpar. In fact, if you view the show from an objective perspective, you are actually discouraged from buying property in Neharpar.

In reality, the situation is just the reverse. Today, smart money is flowing in to the area and many financiers who'd kept away are now putting their money in.

Existing Faridabad (Neharpar) property owners have 2 hopes left:

1. Get possession of their flats
2. Enjoy capital appreciation

The report tackles neither advantage.

In my opinion, the reporter should have taken on the builders and scythed through them by asking them incisive questions like:

1. If the government was not handing over the infrastructure, why weren't the builders informing buyers of the same, and why were they setting possession dates when work was not moving?

2. How much money has each builder made on collecting transfer charges?

3. etc.

Instead of taking on the builders and HUDA, the report has in fact worked against the flat owners of Neharpar.

Can we follow up with another report that can take on the builders' lobby?

Sunil

[kanvit]

Thanks for uploading this on the forum...

This show would be great, if some one from HUDA also a party on the discussion. Nevertheless, this area is getting attention now as we have few days back CNN-IBN covering the story.

regards

[webmaster]

Video uploaded on youtube.

Video

[Pankaj Rawat]

Hi Sunil,

I agree that Builders and Brokers will be negatively impacted by such report, but the end buyers will be benifited.
The current end-buyers are already in the net as most of the investors have exited quite early.

Though such report will create a negative sentiments for new buyers which inturn lower the appreciation for short period. But once posession starts and most of the flats gets occupied, the demand will again increase resulting in appreciation.

So this is a very positive coverage from an end user perspective who have put their hard earned money so that they can own and live in their home... for which they have been waiting for more than 6 years...

Regards
Pankaj

Hi all,

Though I salute the efforts of the GFWA, I must say that this report will end up discouraging Faridabad property buyers.

There are question marks all over the report and the main reporters have not highlighted the current development work in Neharpar. In fact, if you view the show from an objective perspective, you are actually discouraged from buying property in Neharpar.

In reality, the situation is just the reverse. Today, smart money is flowing in to the area and many financiers who'd kept away are now putting their money in.

Existing Faridabad (Neharpar) property owners have 2 hopes left:

1. Get possession of their flats
2. Enjoy capital appreciation

The report tackles neither advantage.

In my opinion, the reporter should have taken on the builders and scythed through them by asking them incisive questions like:

1. If the government was not handing over the infrastructure, why weren't the builders informing buyers of the same, and why were they setting possession dates when work was not moving?

2. How much money has each builder made on collecting transfer charges?

3. etc.

Instead of taking on the builders and HUDA, the report has in fact worked against the flat owners of Neharpar.

Can we follow up with another report that can take on the builders' lobby?

Sunil

[webmaster]

Agree with Pankaj. Builders and property dealers are already in an overdrive mode trying to woo more customers with the starting of little bit of development work and start of DMRC metro work. They are not concerned if projects are being completed, their only interest is to get more customers and mince money.

The show points out the pain the end-users have gone through in the last 6 years with no possession in sight. Yes, this will discourage prospective buyers, but we need to paint a real picture for them so that they do not fall into the same blackhole.

Development has started, but it is too early to even mention or start selling the area based on it. This will take another 3-4 years if HUDA does not fall asleep again.

[Flat-Deals.com]

Hi Guys,

I appreciate your opinions.

I just felt that the show takes away from the buyers and gives it to the builder-financier lobby. I too am as impacted as you folks are, and I don't like what the builders have done even though I am in the property business and selling Neharpar is part of my bread and butter.

BTW: Premiums for Faridabad property are shooting up -- Era Redwood's premium for a 3 BHK apartment, which was languishing at 6 lakhs couple of months back and 7 lakhs a month back, has shot up to 8 lakhs today. Era Divine Court 180 sq yard 1st floor premium is at 8.25 -8.5 lakhs -- it was 7 lakhs barely a week ago.

I just thought I'd share this good news with you folks.

Sunil

[gaurav2877]

Hi Mr. Sunil: Do you know whats the premium for BPTP villa 150/225 yards. Also, whats the potential of the villas. Any appreciate expected during possession and when is the possesion date

Any information would be helpful here.

rgds
Ravi

[sksaigal22@yahoo.co.in]

the buyers at naharpar will be definitely affected. and why not?? just to allow builders and brokers to make money. how does it affect the old buyers and end users at all. in which way does it stall the progress of the area? we as end users are not concerned if new buyers are coming in at this point in time or not!! we are just waiting for our flats to be delivered along with the fruits of edc/idc payments-infrastructure-roads,sewer,electricity,etc.... please also put something everyone on twitter.com please for others to see and highlight the issue...

[sksaigal22@yahoo.co.in]

we end buyers are concerned with flats delivery and infr issues like roads,water,sewer,electricity,etc... how does it impact us if new buyers dry up in naharpar for the time being?? the only affected will be the dealers and builders collecting hefty premiums on transfers.... development starts off just now is nothing to cry hoarse about... the rainy season is here. also twitter.com is good outlet to let the world know about non development of naharpar inspite of a good congress govt.at haryana

[prabhat20042003]

Hi Sunil,
What premiums are expecting at present scenario, at the time of possession & at completion of master road in P-3 Unit of SRS Pearl Floors.

[dheerajjain]

I agree with Mr. Saigal, Pankaj and Jayanta. Buyers are looking at development and possession of their residential units so that they can stay there. Such kind of media coverage create pressures on Govt. and colonizers to deliver !