Amit Sharma, Delhi
My replies to this discussion
Ashish , its 100% safe n secure investment with transparancy .Now society formet is changed , first of all we have acquired land then making members for that particular land parcel and after getting land cost , transferring into the name of society's members .So each n every members get share certiface with ownership in land then we apply to DDA to get constructions approval.DDA takes 52% or 40 % part for their own development and allot rest land and gives permission to start constructions .when construction starts then bank involves to fund for total cost of construction to members who have share certiface in their name with proper ownership to land .Its similar formet , the way Janakpuri ,Rohini , Dwarka etc developed but major difference was ...earlier DDA was alloting land to societies on subsidized rate so members had to follow DDA's norm as well .But here its welfare society , first come first serve basis For more details please feel free to call - 9560863939 Regards -AmitAshish , its 100% safe n secure investment with transparancy .Now society formet is changed , first of all we have acquired land then making members for that particular land parcel and after getting land cost , transferring into the name of society's members .So each n every members get share certiface with ownership in land then we apply to DDA to get constructions approval.DDA takes 52% or 40 % part for their own development and allot rest land and gives permission to start constructions .when construction starts then bank involves to fund for total cost of construction to members who have share certiface in their name with proper ownership to land .Its similar formet , the way Janakpuri ,Rohini , Dwarka etc developed but major difference was ...earlier DDA was alloting land to societies on subsidized rate so members had to follow DDA's norm as well .But here its welfare society , first come first serve basis For more details please feel free to call - 9560863939 Regards -Amit
Hi Mr.Ravi ,I think you have raised almost those queries again which had been already discussed in this forum so many times.If you would had read all previous comments , you had your answers for most of them. As a society we are no profitable organization. You must read bylaws of any society or you can check norms of Society under society act ,it will clarify your most queries.Hi Mr.Ravi ,I think you have raised almost those queries again which had been already discussed in this forum so many times.If you would had read all previous comments , you had your answers for most of them. As a society we are no profitable organization. You must read bylaws of any society or you can check norms of Society under society act ,it will clarify your most queries.
Sumeet , regarding your complaints url ....sply on particular website ..its not directly against Revanta but it was personal attack on Shanti Swaroop Satija , who is organiser of Property Mantra show on Delhi Aaj Tak .Revanta has nothing to do with all this personal issues ...except that website which authenticity is still doubtful , none can say its genuine complaints , the way it was mentioned there ..its just oposite way of our working ...we never take cash payment or hold anyone payment so long , we deposite in society's account and issue valid receipts and documents against it and those people's claims ...if they were real ..they must had to visit us and talk to us regarding this , if they were unsatisfied then logic is understood ...even someone pays 11000 rs for membership by cheque , he has all rights to come to us and do all enquery and get satisfaction whatever he wants ....nothing happened till date as if anyone came to us and verbally or in written lodged any such claims ..Sumeet , regarding your complaints url ....sply on particular website ..its not directly against Revanta but it was personal attack on Shanti Swaroop Satija , who is organiser of Property Mantra show on Delhi Aaj Tak .Revanta has nothing to do with all this personal issues ...except that website which authenticity is still doubtful , none can say its genuine complaints , the way it was mentioned there ..its just oposite way of our working ...we never take cash payment or hold anyone payment so long , we deposite in society's account and issue valid receipts and documents against it and those people's claims ...if they were real ..they must had to visit us and talk to us regarding this , if they were unsatisfied then logic is understood ...even someone pays 11000 rs for membership by cheque , he has all rights to come to us and do all enquery and get satisfaction whatever he wants ....nothing happened till date as if anyone came to us and verbally or in written lodged any such claims ..
Fact is that we are doing great in P2 Zone , we have got trust of hundreds of family to avail membership in our society , they are mutiplying regularly in numbers .Just because of their trust with us , we are being able to begin one by one three group housing schemes among which one is closed after recieving sufficient numbers .We have our members from all different sectors and we are doing well compare to others .So it is understood by hook or crook people love to spread negativity against them with whom they cant compete .We even appreciate their efforts as they are spreading our name among lots of people and people by their common sense and all intelligence can understand well , who is better than the rest .. Any query is highly appreciated Thanks and regards Amit Sharma -9560863939Fact is that we are doing great in P2 Zone , we have got trust of hundreds of family to avail membership in our society , they are mutiplying regularly in numbers .Just because of their trust with us , we are being able to begin one by one three group housing schemes among which one is closed after recieving sufficient numbers .We have our members from all different sectors and we are doing well compare to others .So it is understood by hook or crook people love to spread negativity against them with whom they cant compete .We even appreciate their efforts as they are spreading our name among lots of people and people by their common sense and all intelligence can understand well , who is better than the rest .. Any query is highly appreciated Thanks and regards Amit Sharma -9560863939
Now I will try to clear your doubts again one by one for your convenience.Now I will try to clear your doubts again one by one for your convenience.
Doubt-1 //*************************************************************************************** As per “Royal Town Heights Brochure” Revanta commiting construction starting date was early-2014 but as per my May-2014 dicussion with Revanta executive the construction will be start on March-April-2015. So as per my calculation Revanta trying to delay this project for enjoying member land cost interest. I don’t see any benefits in favour of member as this project construction is delay by Revanta it self. So Revanta have any written agrement that if construction will be not start on commited date then Revanta will start providing per month interest to members? Answer - You must know , we are not taking construction cost from any of our members till we start our construction work after DDA's Land Pooling & Allotment of land . Neither we nor any one do that , as its against law . We are just asking for land share from interested members who wants to be a part of our society.Doubt-1 //*************************************************************************************** As per “Royal Town Heights Brochure” Revanta commiting construction starting date was early-2014 but as per my May-2014 dicussion with Revanta executive the construction will be start on March-April-2015. So as per my calculation Revanta trying to delay this project for enjoying member land cost interest. I don’t see any benefits in favour of member as this project construction is delay by Revanta it self. So Revanta have any written agrement that if construction will be not start on commited date then Revanta will start providing per month interest to members? Answer - You must know , we are not taking construction cost from any of our members till we start our construction work after DDA's Land Pooling & Allotment of land . Neither we nor any one do that , as its against law . We are just asking for land share from interested members who wants to be a part of our society.
I will request you to visit our office , may be there will be more such questions in your mind which can be solved in a face to face meeting. You can also call me for the same Thanks 9560863939 011-42384040I will request you to visit our office , may be there will be more such questions in your mind which can be solved in a face to face meeting. You can also call me for the same Thanks 9560863939 011-42384040
Hello Everyone First of all let me introduce myself before sharing my views. I am a Representative of Revanta Welfare Society. My previous work record has been with developers & builders only .But When I got to know about P 2 Zone and its future prospects ,my curiosity and interest to work for this zone ,brought me to Revanta Welfare Society .I am not saying as if they are the best society but genuinely with my past 10 years of experience in real estate sector and my conscience I found it trustworthy people who are in governing body of Revanta ,they have good background and track record , and most of all genuineness with transparency.Hello Everyone First of all let me introduce myself before sharing my views. I am a Representative of Revanta Welfare Society. My previous work record has been with developers & builders only .But When I got to know about P 2 Zone and its future prospects ,my curiosity and interest to work for this zone ,brought me to Revanta Welfare Society .I am not saying as if they are the best society but genuinely with my past 10 years of experience in real estate sector and my conscience I found it trustworthy people who are in governing body of Revanta ,they have good background and track record , and most of all genuineness with transparency.
But truly time has changed a lot , mindset of customers and ideology of promoters and builders too .In recent past it has been bitter experience for buyers because of dirty practice of builders in Delhi NCR . That is the reason Delhi never been a place of any builder coz of DDA's clear policy , that'y we saw builders and promoters doing scan in Dwarka which was previously developed on such a large scale with good planning .But never forgot those were CGHS and in P 2 Zone only Welfare Societies under the norm of Society of Registrar .But truly time has changed a lot , mindset of customers and ideology of promoters and builders too .In recent past it has been bitter experience for buyers because of dirty practice of builders in Delhi NCR . That is the reason Delhi never been a place of any builder coz of DDA's clear policy , that'y we saw builders and promoters doing scan in Dwarka which was previously developed on such a large scale with good planning .But never forgot those were CGHS and in P 2 Zone only Welfare Societies under the norm of Society of Registrar .
First we need to understand the difference between Cooperative Group Housing Society & Welfare Society . CGHS as you all know , coz of previous scams DDA has abolished that norm to provide land to CGHS , now its very fair practice to be a part of Welfare Society who is registered , some will argue here thats not a big deal , anyone can make a Welfare Society by few bulks and start doing all this . Here make it clear if that society is registered according to DDA's norm & read they MOA ,bylaws before entering into it .By laws indicates how transparent that society is ! A welfare society can collect land cost , develop group housing for its members . Its not mandatory to buy land first, society can buy its land after collecting land cost from all members, but for safer situation it is must to buy land then finalizing a particular a fixed land cost.For this you need to have fund , here comes the role of promoter .First we need to understand the difference between Cooperative Group Housing Society & Welfare Society . CGHS as you all know , coz of previous scams DDA has abolished that norm to provide land to CGHS , now its very fair practice to be a part of Welfare Society who is registered , some will argue here thats not a big deal , anyone can make a Welfare Society by few bulks and start doing all this . Here make it clear if that society is registered according to DDA's norm & read they MOA ,bylaws before entering into it .By laws indicates how transparent that society is ! A welfare society can collect land cost , develop group housing for its members . Its not mandatory to buy land first, society can buy its land after collecting land cost from all members, but for safer situation it is must to buy land then finalizing a particular a fixed land cost.For this you need to have fund , here comes the role of promoter .
As you all know in Delhi private builders are not authorized to develop such things hence a society backed up by promoters will do the needful .PPP [ Public Private Partnership] new module for such development takes place in such condition. Promoters buy land in their own name individually in residential area notified by concerned authority then after collecting land cost from members they transfer it to society .All confusion whatever comes in mind for any buyers here , this is the main reason .Coz we all are having modern mindset of builder based project information among which is mostly either false or hidden . So I request you to enter in P 2 Zone keeping aside this mindset to better understand working per forma of welfare societies.As you all know in Delhi private builders are not authorized to develop such things hence a society backed up by promoters will do the needful .PPP [ Public Private Partnership] new module for such development takes place in such condition. Promoters buy land in their own name individually in residential area notified by concerned authority then after collecting land cost from members they transfer it to society .All confusion whatever comes in mind for any buyers here , this is the main reason .Coz we all are having modern mindset of builder based project information among which is mostly either false or hidden . So I request you to enter in P 2 Zone keeping aside this mindset to better understand working per forma of welfare societies.
My comments to replies
I have a big part of land on the same place in P-II Zone and i am sure its value is going to rise very high soon. And i even heard about Revanta Welfare Society. They are doing very well. Its the first time some welfare society is providing servant quarter with evry class of apartment. You are going on the right way, just go n invest.
interested to sell your land parcel ???
17th September 2013

Hi, Nick Revanta Welfare Society is one of the good projects thats coming up in this area. the best part is the future return of the place. I agree with Rahul. i am also impressed with the sale price Rs. 46.10 Lac . Although need more info about this project,.Pls members reply
P 2 Zone is really a great prospective for those investors/buyers who is looking for a delhi address property , revanta has really a good name n a huge members who has trusted its price ,location n facilities watever we are providing .
17th July 2013

Guys what are the amenities provided by them?
whatever you expect from builders , we fufill the same , security , club facility , fire fighting system ,power back up , play area for kids , swimming pool ,gym , amphitheater n all
17th July 2013

We would like to bring to your attention a superb opportunity to own an Apartment in delhi from as little as Rs. 27L. Project Features - Freehold Property with Registry. - Fully fitted with high end home appliances.* - Will be ready to live in with international best features. - Finish includes POP, paint, flooring, ceiling, lights and fans. - Reception and waiting lounge in each tower. - 3 Tier international standard security, CCTV and Video door phones. - Power back-up. - Provision for piped gas. - Rain water harvesting. - Fire protection systems. - Passenger and Service elevators provisioned in each tower. - Well maintained gardens with playgrounds. - Outdoor amphitheatre and games area. - Club house featuring Party room, Gymnasium, Swimming pool.
good going lokesh :)
17th July 2013

We would like to bring to your attention a superb opportunity to own an Apartment in delhi from as little as Rs. 27L. Project Features - Freehold Property with Registry. - Fully fitted with high end home appliances.* - Will be ready to live in with international best features. - Finish includes POP, paint, flooring, ceiling, lights and fans. - Reception and waiting lounge in each tower. - 3 Tier international standard security, CCTV and Video door phones. - Power back-up. - Provision for piped gas. - Rain water harvesting. - Fire protection systems. - Passenger and Service elevators provisioned in each tower. - Well maintained gardens with playgrounds. - Outdoor amphitheatre and games area. - Club house featuring Party room, Gymnasium, Swimming pool. Lalit Verma HOMETECH REALTORS PVT.LTD.
mail me your i.d. or check our website www.revantawelfaresociety.com
17th July 2013

But Revanta first said, the land would be transferred in Revanta's name by 15th Aug but as I checked, it is still not done.Can you tell us Amit why? when would this transfer be done? also what if this pooling policy doesn't work or the project is not approved by concerned authority due to certain reasons, would the money be returned to investors with interest? pls explain Rgds Ajjyusa
First of all sorry for delay reply for your question . Let me tell you one thing ..land can be only transfered in society's name when majority of members pay land cost . We got late payment from most of members in first phase ..they streched the payment so long that ..by 5th sepectember we made registry in Revanta Welfare Society's name . Now this is already done ..you can check registry papers in our Neta Ji Subhash Place Office Monday to Saturday 10 to 6 pm or for any query ..call me anytime on 9560863939.
16th September 2013
Regarding your second question - land pooling policy , plz update it urban development ministry has already cleared on 5th sepetember after getting clearance from DDA .you can check Dainink Jagran addition of 6th september .Approval is mandatory to give for development of P 2 zone ..its already three years delayed by DDA coz of facing those hurdles for Land Pooling Policy ..now its cleared ..so you can expect all avalable land parcel will be submitted to DDA very soon either already bought chunks by welfare societies /promoters else it will be acquired automatically after certain period on 4 time better price of circle rate .Now DDA has just 7 years left to developed P2 Zone under MPD2021 ..so you cant expect any further delay from them n we are working clearly on guidelines of DDA and society act ..so ..we are hopeful that everything will take place on time ..if not further delay construction will by started after getting approval by DDA ..lastly till first April2014 or max July 2014
16th September 2013
As you know ...as a welfare society we can enroll you our members then you have all right to surrender your membership or transfer to any new member ..its all ur concern ..we cant stop you as being a member you have all rights reserved to stay till end of possession or quit in between by surrendering your membership or transfering to any new one without any charges ..you can take advantage of price increasing by taking premioum from new members if you transfer ..society wont have any objection ..you will have to give just a written application n NOC will be required to transfer ..thats it ..so you can feel how transparant n members friendly we are , being a welfare sociey :)
16th September 2013

Is there any 1 BHK apartment in this society ?
Hi Kanchu Arora ...Yes we do have 1 bhk apartment with both option of semi furnished and fully furnished , size is 630 sqr feet , 1 master bedroom of 13x11 , attached toilet , 16x11 - drawing /dining room ,8x6.5 - kitchen , n one common tiolet , one service balcony and one long 32x5 long corridor type balcony ..i bet you never had seen such 1 BHK layout with any promoters or societies .if need mailar from our side with more details plz send me ur email address or call on my contact no .-9560863939 .Regards
16th September 2013
Semi Furnished 1 BHK cost approx 17 lacs with one covered car parking & Fully Furnished 1 BHK cost you around 21 lacs approx ..initially you can book by paying 11000- Membership charges n Booking Amount -2 lacs for any flat then rest land cost @ 970 Rs which cost you approx 6,11,000 Rs including booking amount , you can pay within 2 month with amother installment of 2,05,000 Rs on 30 th day n 2,05,000/- rs on 60 th day from booking ...all total 6.11 lacs then after start of construction rest 11 lacs /15 lacs could be payable in construction link plan in 3 to 4 years as per DDA 's approved payment plan
16th September 2013

Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-1 //*************************************************************************************** As per “Royal Town Heights Brochure” Revanta commiting construction starting date was early-2014 but as per my May-2014 dicussion with Revanta executive the construction will be start on March-April-2015. So as per my calculation Revanta trying to delay this project for enjoying member land cost interest. I don’t see any benefits in favour of member as this project construction is delay by Revanta it self. So Revanta have any written agrement that if construction will be not start on commited date then Revanta will start providing per month interest to members? Thanks, Ravi
Answer - You must know , we are not taking construction cost from any of our members till we start our construction work after DDA's Land Pooling & Allotment of land . Neither we nor any one do that , as its against law . We are just asking for land share from interested members who wants to be a part of our society.
26th May 2014

Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-2 //*************************************************************************************** So Revanta have any written agrement that if construction will be not start on commited date then Revanta will start providing per month interest or money as rent to members? I have many friends at bangalore and they also buying same type of property, now constructors missed they commited date so per month basis they are paying home rent to each members who booked home. Thanks, Ravi
Answer - Society and Private Developers work differently .You cant compare it. Society always work for the best interest of society members . As a Society you get share in land , after completing your land cost .when its society's members land , who will be benefitted with delay or price escalation of land ? obviously members only ..as we offer your land share on current market price , no matter how much delay it occurs , only you will be benefitted with price rising , coz you as a member you will be enjoying all escalations. New member will get current market price but you will be having old price .
26th May 2014

Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-3 //*************************************************************************************** Here everything looks like not commited so why should member pay whole construction cost at one time. Revanta offering any installment plan for paying construction cost? Thanks, Ravi
Answer - We cant even take single penny for construction cost till DDA allow us and we begin our constructions.
26th May 2014
Construction cost will be in CLPP only.
26th May 2014

Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-4 //*************************************************************************************** Revanta have any option for booking at time when construction will be start? Thanks, Ravi
Anyone can become member till we have the availability. But as we are getting response from our members , we will be completing our expected number of members before submission of land to DDA . If any member quit any moment , one can replace him/her .
26th May 2014

Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-5 //*************************************************************************************** Revanta site will share a member contact detail list who are doing surrender when construction will be start? Thanks, Ravi
On public forum , we are not supposed to disclose any member's details coz that is confidential but you can visit our office and can personally request for the same. Construction time is expected to begin by the beginning of 2015 as DDA has delayed land pooling process for two -three months coz of General Elections. But we expect it wont be delayed anymore .
26th May 2014

Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-6 //*************************************************************************************** 20 Lac land cost one month market interest for 1.5% per month = 30,000 Rs so per year this will be 3 Lac 60,000 Rs. Same calculation for construction cost approximate 30 Lac one month market interest for 1.5% per month = 45,000 Rs so per year this will be 5 Lac 40,000 Rs. As revanta commiting constuction max 4 year time period so 4 year construction cost interest revanta will enjoy = 21 Lac 60,000 Rs. As this is 2021 master plan so I don’t think DDA will finish their work before 7.5 years. I have visited this site in May-2014 and still there is no activity started by DDA and nothing in news regarding DDA actively started some work in Zone P-II. Thanks, Ravi
I hope this query is already clear now as in very first comment I told you Revanta is not making any benefit only members will have their upper hand in any such escalation or price rise
26th May 2014

Hi Amit, Thanks for all quickly reply, still i am not getting clear answer to my one doubt. You are saying land price escalation but market interest will be more then escalation, its very simple to say delay will be good but personally i am not agree with that point, max delay must be written on paper and if delay happen then what Revanta will pay to member? i am just talking about safer side for buyers...I am believing in written policy not in probability like this will happen or that will. I will come to meet you today so my miss understanding will be clear. FYI, i read all this reply and i have contacted some of the members we are part of this discussion, they are not in confidence for this deal then how can i suddenly decide.
I believe you still confused with society's role . Private builder and society is entirely different things. Society is group of members where only in AGM body meetings , members decide what to do or not to do ! Its collective decision of all members , not a single person as promoter or builder with whom you can ask such things. I advice you to please understand society and rights of members .Its totally different than builders .We never force anyone to be a part of society , only members take decision according to their conscience whether to go with particular society or not ! We as society only educate people regarding DDA's policies , future developments and always act in betterness of members with total trabsparancy.
26th May 2014

Anybody willing to invest in Revanta project should ask the following questions.I have asked these questions when I was offered the flat for Rs.27 lakhs but no response is received till date on my questions: 1. Whether the land for the project has already been acquired ? 2. What is the likely date of commencement of construction of the project ? 3. What is the likely date for completion of the project ? 4.Has the project been approved by the competent authorities. 5. Whether Bank Loan is available for purchasing the Apartment in the project ? 6.What is the payment plan ? Regards Rajeev Gupta 9810979385
plz note down my number and address , visit our office or call whenever you have time ..Amit Sharma-9560863939 Revanta Welfare Society 1003,10th floor Pearl Business Park Neta Ji Subhash Place ,Delhi -110034 www.revantawelfaresociety.com
22nd July 2013

Mr. Amit Sharma, Please respond to questions raised by Mr. Rajiv and Ajeet.
I hope Mr.Rajiv has got his query solved through me over the phone long back ...i was not getting time to see all these later queries coz of my busy n hectic scheduals of our prospective members , so couldn't reply last two queries ..now i think all queries is replied ..hence any more question or query can be raised through a single phone call or dropping few lines in my mail box ...whenever i will get time ..it will be my pleasure to entartain you all regarding our society ..Cheers . Regards -Amit 9560863939 amit@ps4infra.com
16th September 2013

As you all know in Delhi private builders are not authorized to develop such things hence a society backed up by promoters will do the needful .PPP [ Public Private Partnership] new module for such development takes place in such condition. Promoters buy land in their own name individually in residential area notified by concerned authority then after collecting land cost from members they transfer it to society .All confusion whatever comes in mind for any buyers here , this is the main reason .Coz we all are having modern mindset of builder based project information among which is mostly either false or hidden . So I request you to enter in P 2 Zone keeping aside this mindset to better understand working per forma of welfare societies.
Future of P 2 is undoubtedly very bright with all those planning of DDA in MPD 2021 either its all these three UER 1,2 n 3 [Urban Expressway Road]which will ease traffic congestion of Delhi by connecting NH 1,NH 10, NH 8 & NH 2, lots of recreational activity like pragati maidan kinda exhibition center ,Appu Ghar ,City Park , Yamuna Biodiversity Park ,Bhalaswa Golf Course , High Speed Metro n lots more things . Fore more details about P 2 Zone please visit DDA's official website Thanks & Regards Amit Sharma Revanta Welfare Society
17th July 2013

Q: DDA Approved Affordable housing scheme with all modern amenities size vary from 1 BHK to 4 BHK .Become a member by paying just 2.11 Lacs only ,Units available on first come first serve basis.
Amit Sharma

My replies to this discussion
Hi All thanks for your all concern ...I am representative of Revanta Welfare Society .It will be my pleasure to reply all queries of yours . First of all I would like to tell you ...basically its Society under the registered of DDA 's Society Act , and we have rights to develop group housing for our members .We are planning to provide affodable housing with world class living in Delhi ...its probably the last opportunity to buy a legal property in Delhi .Hi All thanks for your all concern ...I am representative of Revanta Welfare Society .It will be my pleasure to reply all queries of yours . First of all I would like to tell you ...basically its Society under the registered of DDA 's Society Act , and we have rights to develop group housing for our members .We are planning to provide affodable housing with world class living in Delhi ...its probably the last opportunity to buy a legal property in Delhi .
Its simply PPP module for new development in Delhi ...as a promoter we buy land directly from farmers on market price ..much higher than circle rate decided by DDA ..sometime 5 to 8 times higher .so no hassles in buying land according to norms of DDA .Then come Land Pooling Policy ..where its two catagory ..first catagory is for 5 acres to 50 acres where after buying land in particular area ..notified by DDA for residential purpose ..after submitting the land parcel ..DDA will give 48 % land n rest 52 % they will take to develop Zone n sectors as public utility n revenue generation ...thats y they are not asking for any CLU or EDC/IDC kinda charges from societies.Second catagory is for more than 50 acres land bank ..DDA will allot 60 % land and they will 40 % as land pooling policy .We fall in 60 % catagory land bank.We are charging land cost according to our buying price from farmer ..so after calculating current land ratio allotment n FAR which is 4 ..approx double of existing FARIts simply PPP module for new development in Delhi ...as a promoter we buy land directly from farmers on market price ..much higher than circle rate decided by DDA ..sometime 5 to 8 times higher .so no hassles in buying land according to norms of DDA .Then come Land Pooling Policy ..where its two catagory ..first catagory is for 5 acres to 50 acres where after buying land in particular area ..notified by DDA for residential purpose ..after submitting the land parcel ..DDA will give 48 % land n rest 52 % they will take to develop Zone n sectors as public utility n revenue generation ...thats y they are not asking for any CLU or EDC/IDC kinda charges from societies.Second catagory is for more than 50 acres land bank ..DDA will allot 60 % land and they will 40 % as land pooling policy .We fall in 60 % catagory land bank.We are charging land cost according to our buying price from farmer ..so after calculating current land ratio allotment n FAR which is 4 ..approx double of existing FAR
Our land cost is fixed on date @ 900 Rs for 2/3/4 BHK apartments and 970 /Rs per sqr feet for 1 BHK apartments.Construction cost is estimated as 1600 Rs per sqr feet as if construction delayed till 2014 end ..but it may vary according to market price ..may be we can give less than 1600 rs if work start in first quarter of 2014 ..its all will decided by Governing Body of Revanta and existing member at that time in Governing Body Meeting and will be in best interest of its members ...As other charges ..its logical charge for car parking as we are proving dedicated parking in Basement @ 1Lac each ..for 1/2 BHK -1 Parking & for 3/4 2 Parking is mandatory as per rules n regulation.Apart from this simply Membership Joining fees 1100+9900 Rs Annual Operational Charges. Thats it ..no other hidden charges ..Unit will be alloted purely on Draw basis in presence of Registrar n all members.Our land cost is fixed on date @ 900 Rs for 2/3/4 BHK apartments and 970 /Rs per sqr feet for 1 BHK apartments.Construction cost is estimated as 1600 Rs per sqr feet as if construction delayed till 2014 end ..but it may vary according to market price ..may be we can give less than 1600 rs if work start in first quarter of 2014 ..its all will decided by Governing Body of Revanta and existing member at that time in Governing Body Meeting and will be in best interest of its members ...As other charges ..its logical charge for car parking as we are proving dedicated parking in Basement @ 1Lac each ..for 1/2 BHK -1 Parking & for 3/4 2 Parking is mandatory as per rules n regulation.Apart from this simply Membership Joining fees 1100+9900 Rs Annual Operational Charges. Thats it ..no other hidden charges ..Unit will be alloted purely on Draw basis in presence of Registrar n all members.
My comments to replies
Hi, i just had a word with the executive, this is a DDA approved project and they are yet to start the construction. Looking at the specification of the project, i feel the project is good for end use...
Hi James thanks for your kind concern ,You speak to whom in my office ?? I hope not to me ....feel free to contact me for any query
17th September 2013

Hi, i am unable to understand the membership funda !! What is the price structure and payment structure??
Hi Richa ...just because all recent development in Delhi NCR was done by either big builders or small or new builders ..we are used to their way of purchasing flat or any property ..but if you look long back in past ..Delhi has CGHS concept to become society member then DDA was alloting land to society on subsidized rate to built up group housing in very reasonable price .Till 1983 all registered CGHS has rights to develop according to norm of society act n DDA's guideline ..But after lots of scam n fraud ..DDA abolished this CGHS concept .Thats y no development happened in Delhi from so long time ..Sply after Dwarka .Either prices went beyond of common man's pocket or in getting cheaper property people used to buy propety in unauthorised colonies or enchroachments .Then came this builders in NCR ..sply in Gurgaon, Noida ,Ghaziabad ,Faridabad n Sonipat ...people start buying affordable flats in those area ..but you all know the facts whatever experinces people faced coz of pre launch
17th September 2013
Lots of builder either cheated people in different ways or delayed projects or forced them to take their money back ...so it was not very pleasant experiences for everyone ..just lucky people got awat from this things ..again ..people started looking in Delhi ...coz of better infrastructure , 24 hours elecricity , public transportations , job opportunity ...then finally DDA planned to utilize its vacant available land for Mass ...as planned way development by few new zone ..P 2 , N Zone , L Zone n J zone ..K 3 as extension part of Dawarka ...but coz of better connectivity n water level ..P 2 has more growth opportunity ..its very closed to central place of Delhi .
17th September 2013

When is the possession of the project???
you can get more information by calling me anytime
17th September 2013

Ask a Question
120 Characters Left





    Trending Categories

    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!