Housing in Faridabad near metrox extension

Q: Hi Everybody,I am looking to buy a home for self use and not for investment purpose me and my wife's office is in Gurgaon,given the metro will start somewhere mid next year and link line from kalindi to hauzkhas in 2016 ,would you recommend to buy a property in Faridabad.I am low on budget (~45L all inclusive) and only able to find properties in faridabad in this budget

Manish, Apartment Resident

27th August 2014

Buying property in Faridabad

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Replies (4)

Hi,
Thank you all for providing project details. I want to know about construction linked payment plan....Can I get any details about it.

Nakul, Faridabad

9th September 2014

Comment

Hi Nakul,

As per my knowledge, construction payment plan is as follows:-
Booking Amount / 1st Inst
- Rs 309270/-
or 412360/-
Within 45 days of booking / 2nd Inst
- 15% of BSP.

Within 90 days of booking / 3 Inst
- 10% of BSP+ 50% DC +Construction linked due.

On DPC Level / 5 Inst
- 7.5% of BSP + 20% OF PLC & Other Charges.

On Casting of Ground Floor slab / 6 Inst
- 7.5% of BSP + 20% of PLC & Other Charges.

On casting of 1st Floor slab / 7th Inst
- 10% of BSP + 20% of PLC & Other Charges.

On casting of 2nd Floor slab / 8 Inst
- 10% of BSP + 20% of PLC & Other Charges.

On casting of 3rd Floor slab / 9th Inst
- 5% of BSP.

On completion of Brickwork / 10th Inst
- 7.5% of BSP.

On completion of Flooring / 11 Inst
- 7.5% of BSP.

At the time of offer of possession
- Balance Amount and other charges (if any).

Aman Sohal, Faridabad

9th September 2014

Thanks Sudhir and Madhu for quick replies.A couple of more queries in terms for basic infrastructure and daily commute to gurgaon for office purpose how would you recommend the naharpar area near to badarpur metro extension stations.Any thoughts about SRS Pearl in Sec-86/BPTP Park Floors/SRS Residency ?

Manish, Apartment Resident

28th August 2014

Comment

Hi Manish,
Neharpar is a very best location. And well connected with the other parts of the city. Some of the best school of country in nearby vicinity. Like Manav Rachna International University & Sudha Rustagi College of Dental Sciences & Research. Raghav Hospital & Janak Hospital are within 1km away from this area. In my point of view it's a prime location according to major infrastructure & connectivity . Appreciation will be high in this location.

madhu, Faridabad

28th August 2014

Hi,
In my point of view Sector-86 is a very good locality. It is strategically located and the well known area of Delhi/NCR with all the basic facilities like schools, colleges, hospitals, restaurants, petrol pumps are nearby. Road connectivity is also good at this location. Water is supplied by Municipal Corporation Faridabad & Electricity is provided by Dakshin Haryana Bijli Vitran Nigam (DHBVN).

In year 2009 the price was 1900/sq-ft in faridabad which gradually increased.In year 2012 & 2013 it rapidly increased & in year 2014 it touched 4250/sq-ft.

Neelima, Faridabad

28th August 2014

HI,
As per my knowledge SRS Pearl is not in Sector-86. It is in Sector 87. It is among the ongoing projects of SRS Real Estate Ltd. It offers 3 BHK apartment area ranging from 1066 sq-ft to 1437 sq-ft. Builder quoted price 3850/sq-ft. The possession is 2014 December. I t has approval from banks like LIC Housing Finance Ltd, DHFL, Tata Capital Housing Finance & State Bank Of India.

madhu, Faridabad

28th August 2014

Hi,
As per my knowledge SRS Residency, Sector 88, Greater Faridabad is a group housing project consisting of 1132 residential units in two and three bedroom options, spread across 17.342 acres in the plush new sectors of Faridabad. It has 13 Blocks & 15 Floors . It offers 2 BHK & 3 BHK apartment area ranging from 1304 sq-ft to 1850 sq-ft. Builder quoted price 3300/sq-ft. It provides world class amenities with modern features. Amenities like Swimming Pool, Broadband Internet, 24 Hrs Security, Power Backup,Indoor Games,Club House, Gym & Rain Water Harvesting.
Better construction ,World class amenities & Modern features with better connectivity draws many investors towards it.

Chandan, Faridabad

28th August 2014

Hi,
Can I get any datailed idea about the localities? I came to know from my friend that Secor-77 is a very good locality for investment purpose. I am keen to invest in this locality. This is my first ever in this location... So Is this location good for investment......

Sreemanti Das, Faridabad

28th August 2014

Comment

Hi,
As per my knowledge, it is a prime location is Faribad for investors & property buyers. Best residential location with all basic daily need aminities. It is the most upcoming and developing area. It is the most affordable in all NCR, Soon metro will be coming nearby. There is also ample of greenery and a beautiful place to live in.
It is well connected by trains, buses and public transports. Transport facility is also good in this locality. School, bank, ATM and hospital are available nearby the locality.
Hanuman Mandir Bus Stop & 7-10 Chowk Bus Stop, Ballabgarh Railway Station & Faridabad New Town are providing better connectivity to other parts of the city.

Pallav Singh, Faridabad

28th August 2014

Hi,
As per my knowledge Faridabad is a best location for buying house or investment. The district shares its boundaries with the National Capital and Union Territory of Delhi to its north, Gurgaon district to the west and Uttar Pradesh to its east and south.The Delhi-Agra National Highway No.2 (Sher Shah Suri Marg) passes through the centre of the district.The city has many railway stations on the Delhi-Mathura double track broad-gauge line of the North Central Railway. The railway stations of Old Faridabad and New Industrial Township are the major ones. Faridabad is also a major industrial hub of Haryana 50% of the income tax collected in Haryana is from Faridabad and Gurgaon.

Sudhir Mishra, Faridabad

28th August 2014

Comment

Hi,
The Delhi Metro Rail Corporation is extending the metro rail service to the city as well. The work will be completed by September 2014. It will cover the town under Phase - III expansion of the Delhi Metro The fully elevated corridor, The project will join Badarpur to YMCA chowk.

Sudhir Mishra, Faridabad

28th August 2014

Hi,
As per your budget In faridabad you can 2BHK apartment . As per best locality Sector-88(Kheri Road) &Sector-77 will suit you very well. Currently KST Whispering Heights,Sector-88, Kheri Road is going on. Possession of this project is Jun 2015, you can get 2 BHK apartment of 1250 sq-ft.

And in Sector -77, KLJ Espana is going on . Possession is January 2015. Here you can get 2 BHK apartment of 1190 sq-ft. It provides all the basic amenities with world class features like earthquake defiant structure.

madhu, Faridabad

28th August 2014