BAHADURGARH LOW BUDGET GOOD RETURN INVESTMENT

AREA WATCH: BAHADURGARH

Down but not out

This industrial and knowledge hub with an affordable price tag can be the perfect entry point for homebuyers with limited budget but longer investment goals

 

 

Geetu Vaid

With stagnant prices, delayed projects, slow sales and reluctant buyers the realty outlook for several lesser known micro markets of NCR has not been very positive over the past couple of years. So while in spite of a slowdown and delayed projects Greater Noida, Yamuna Expressway, New Gurgaon, Sohna etc have managed to remain on the buyers’ radar, others like Bahadurgarh, Bhiwadi, Manesar have failed to live up to their potential. 

 

Apart from buyer scepticism and investor apathy these micromarkets have also seen poor infrastructure growth. Bahadurgarh is one such NCR town that has seen sales plummeting over the past two years with real estate agents virtually writing it off as a “prudent” investment option. Primarily an industrial hub, Bahadurgarh has the usual pain points of any industrial city.  “The pace of infrastructure growth has been slow and the town has poor civic amenities, which is a big put off for an odd buyer who comes scouting for this area”, says Somnath Dhaiya, who deals with properties in the NCR region. But in spite of its poor report card, market watchers claim that investing in a home in Bahadurgarh will not be a bad bargain in the long run. 

 

Firstly, it is one of the more affordable areas in the NCR at the moment with prices ranging between Rs 3,000 and Rs 4,200 per sq ft. A 1,150 sq ft to 1,600 sq ft two or three BHK here is available in the price bracket of Rs 30 to Rs 50 lakh. Along with this the presence of developers like Tata Value Homes, Omaxe, KLJ Developers etc takes care of the quality of construction here. Thus, industry mavens maintain that it is a good investment for those with limited funds and a longer investment window. 

There are a number of factors that will ensure growth of residential segment in this town over the next five years. “Situated in close proximity to both Gurgaon and New Delhi, Bahadurgarh has the potential of being the hub for the value and affordable housing segment in the NCR area. Its proximity to prime residential areas like Pitampura, Rohini, Janak Puri, Punjabi Bagh, Dwarka will establish Bahadurgarh as a major residential location in NCR”, says Brotin Banerjee, MD & CEO, Tata Housing Development Company. The group has an affordable homes project New Haven under construction in Bahadurgarh.

 

Key market drivers

 

 

The city is shedding its old skin with improved prospects in connectivity and infrastructure. It will be developed for a population of 4.84 lakh by 2031 AD. 

 

 

Connectivity is a major factor for homebuyers, especially in the NCR. Bahadurgarh is 30 km from Delhi, but with the work on Metro line connecting it with Delhi areas  likely to be completed by December  end this year, commuting will not be cumbersome. In fact, Bahadurgarh will be the fourth town in the NCR to be connected to Delhi through Metro after the completion of metro line to Mundka. The commuting time on this stretch will be 20 minutes and it will take slightly more than an hour to travel from Bahadurgarh to Connaught Place. The city is connected to Gurgaon via the NH-10 and also through the Kundli-Manesar-Palwal (KMP) expressway. This expressway, which intersects NH-1, NH-8 and NH-2, and NH-10 near Bahadurgarh, was delayed by more than five years which had lowered the real estate prices in Bahadurgarh. But the January 2015 Supreme Court ruling had put things on a fast track. The expressway is set to be the single major catalyst of residential and commercial development in this region.

 

 

The presence of a large number of industries and educational institutions are the other favourable factors for housing demand in the city. There are around 500 footwear units in Bahadurgarh contributing around one-third of the net turnover of the city. Apart from this; there are iron and steel fabrication, plastic industry, rubber industry, machinery fabrication, auto components, wires and cable manufacturing industry, pharma, sanitary, ceramics, medical equipment manufacturing industry too.

Bahadurgarh is also considered a knowledge hub due to presence of a number of government and private colleges and institutions. In addition, it is also developing as a major healthcare and medical facility node with the foundation stone of Maharaja Agrasen Medical University being laid by the Chief Minister of Haryana in August, 2015 and AIIMS, Jhajjar already in advanced stages of planning. 

 

 

Planned urban growth

The quality of life will also be good in Bahadurgarh as it is moving towards planned urban growth. It is among 38 cities in the Northern region that have been selected under Atal Mission for Rejuvenation and Urban Transformation (AMRUT).

The Haryana Government’s Final Development Plan-2031 AD for Bahadurgarh lays down the criterion for planned development of the city. For example, Sector 16 of Bahadurgarh has been developed as a general-purpose industrial area, Sector 17 as a Footwear Park. Currently sectors 2, 6, 7 , 9 , 9A are developed and sectors 1, 10, 11 and 13 are under development as residential sectors. The rest of projected population would be accommodated in residential sectors i.e. 1, 2, 3, 3A, 3B, 4A, 5 part, 6, 7 part, 9 part, 9A, 10, 11, 13, 14, 15, 19 part, 20 part, 23 part, 24 part, 25, 26, 27 part, 28, 28A, 29, 35 part, 36 part and 37. 

 

 

With a detailed development plan in place and better connectivity and industrial growth and availability of affordable and good quality housing, realty scene here  will not be under the cloud of slowdown for long.  

Bahadurgarh Metro on fast track: Hooda

Bahadurgarh Metro on fast track: Hooda

Jul 14, 2012,

GURGAON: Haryana chief minister Bhupinder Singh Hooda on Friday claimed that the Bahadurgarh-Mundka Metro link has been put on fast-track.

Hooda was speaking at the 26th meeting of the northern zonal council in Delhi. The meeting was presided over by Union home minister P Chidambaram. The CM said the extension of Delhi Metro from Mundka in Delhi to City Park at Bahadurgarh in Haryana is being taken up by the state government. The total length of the metro corridor is 11.182 kms.

According to Hooda, 4.9 km of the total length falls in Haryana and 6.3 falls in Delhi. Hooda said that as per the updated DPR, the total cost of Haryana portion is estimated at Rs 902 crore and the state will be sharing the shortfall, if any, up to Rs. 152 crore.

For the ambitious project the state government has pledged to provide 10 hectare of land for development of the depot in Bahadurgarh as a component of property development.

During the meeting, Hooda also asked the central government to expedite the project. Hooda also said that the work on Faridabad metro section has started and it is expected to become operational by August, 2014. On the construction of 135 km long Western Peripheral Expressway, also known as the Kundli-Manesar-Palwal (KMP) Expressway Project, Hooda said: "We have been monitoring the progress and pursuing the matter with the Concessionaire to expedite the project. The Manesar Palwal section is expected to be ready in the next three-four months."

KMP corridor in Haryana to have orbital rail, tech hubs

KMP corridor in Haryana to have orbital rail, tech hubs

1 May, 2012, 

CHANDIGARH: The Kundli-Manesar-Palwal global corridor (KMP) in Haryana will have orbital railway and 12 specialized hubs including world trade, fashion, entertainment, leisure and dry ports. 

The development plan of the KMP global corridor was approved at the meeting of the State Level Committee which was chaired by Chief Minister Bhupinder Singh Hooda here today. 

The KMP Corridor passes through districts of Palwal, Faridabad, Mewat, Gurgaon, Rohtak, Jhajjar and Sonipat of the state. 

Twelve specialised hubs including world trade, fashion, entertainment, leather, leisure, education, cyber, sports, medi hub, bio-science and dry port hubs would be developed along the KMP Expressway, an official spokesman said here.

The width of the Expressway Amenities Zone would be one kilometre and the remaining area would be kept as agriculture zone. 

As per the plan approved, the Right of Way (ROW) of Expressway would be 100 meters with green belt of 100 meters on either sides and 50 meter wide orbital rail corridor on Delhi side. 

The Committee approved the Entertainment Hub, World Trade Hub and Fashion Hub would be set up in district Gurgaon. 

The Entertainment Hub would be a technological cutting- edge entertainment sector set up over an area of 140 hectares. It would have hotels, motels, restaurants, shopping malls, multiplexes, concerts, music halls, night clubs and show theatres along with rapid transit facilities, the spokesman said.

Defaulting “External Development Charges (EDC)” Colonizers to face imprisonment

Defaulting “External Development Charges (EDC)” Colonizers to face

imprisonmentCHANDIGARH: Shocked over arrears of more than Rs 3,500 crore, Haryana government has finally woken up against colonizers who defaulted in payment of External Development Charges (EDC) and other levies to the town and country planning department (T&CP).
Courtesy an amendment made in the Haryana development and Regulation of Urban Areas Act 1975, the defaulting colonizers are now faced with civil imprisonment till the outstanding arrears are cleared. The amendment approved by Haryana governor on Monday is expected to be notified by Friday, officials in T&CP department said. Around 150 colonizers across the state are from the National Capital Region (NCR) of Gurgaon, Faridabad, Sonipat, Rohtak and Palwal, officials said.
Besides citing the huge amount being shown as outstanding arrears accumulated over the past two decades, officials reason the move, initiated after 35 years of enactment of the Act, as measure taken by Haryana government to keep a check on private colonizers who would generally escape the liability after paying a partial amount as EDC and other levies.

Reliance proposes to demerge model township at Haryana SEZ

Reliance proposes to demerge model township at Haryana SEZ

Reliance has proposed to demerge the model township from its Jhajjar Special Economic Zones (SEZ) in Haryana.The demerger will be subject to the approval from the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).Reliance has signed a pact to induct IL&FS into a new company. Reliance Ventures will have 45% interest, while IL&FS and HSIIDC will have 45% & 10% stake, respectively.The company was asked to return the land during a meeting between RIL chairman Mukesh Ambani and Haryana Chief Minister Bhupinder Singh Hooda in New Delhi on January 17. Hooda had suggested that since the SEZ project had got delayed by over six years it would be better that the land be returned. The SEZ was to be set up in 2006 through a special purpose vehicle — Reliance Haryana SEZ Ltd — created after a collaboration between Reliance Ventures, a wholly owned subsidiary of RIL, and HSIIDC.

NCR Constituent Areas

NCR Constituent Areas

National Capital Region (NCR) is one of the first experimented Regions of the country. It is a unique example for inter-state regional development planning for a region with Nation Capital as its core. The National Capital Region as notified covers an area of about 33,578 sq kms falling in the territorial jurisdictions of four State Governments namely, National Capital Territory of Delhi, Haryana, UP, and Rajasthan. It is one of the largest National Capital Region of the World and constitutes about 1.60% of the country’s land area, about 86% of the total area of Kerala State and its area is more than the combined area of three States of Tripura, Nagaland and Sikkim.
NCR is characterized by the presence of highly ecologically sensitive areas like extension of Aravalli ridge, Forests, Wild life and Bird sanctuaries, rivers Ganga, Yamuna and Hindon, fertile cultivated and is a dynamic rural-urban region being the home of 371 lakhs people living in 108 towns of which 17 are class I cities and more than 7500 rural settlements.
The four constituent Sub-Regions of NCR are given below:
1) The Haryana Sub-Region comprises of nine districts, that is, Faridabad, Gurgaon, Mewat, Rohtak, Sonepat, Rewari, Jhajjhar (Bhadurgarh), Panipat and Palwal together constituting about 40% (13,413 sq. kms.) of the Region;
2) The Uttar Pradesh Sub-Region comprises of five districts, that is, Meerut, Ghaziabad, Gautam Budha Nagar, Bulandshahr, and Baghpat together constituting about 32% ( 10,853 sq. kms.) of the Region;
3) The Rajasthan Sub-Region comprises of Alwar district constituting about 23% (7,829 sq. kms.) of the Region ; &
4) The NCT of Delhi constituting about 5% (1,483 sq. kms.) of the Region.

Competition Commission imposes heavy penalties for abuse of dominance

Competition - India
Competition Commission imposes heavy penalties for abuse of dominance

September 22 2011
Background
In its August 12 2011 decision in Belaire Owners' Association v DLF Limited (19/2010) the Competition Commission of India imposed a penalty on DLF Ltd, India's largest real estate developer. The penalty comprised 7% of DLF's average turnover for the last three years, amounting to Rs6.3 billion, and was imposed for abuse of DLF's dominant position following the inclusion of unfair conditions in agreements it concluded with a number of flat buyers. The commission also directed DLF to cease and desist from formulating and imposing such unfair conditions in its agreements with buyers in Gurgaon, and to modify unfair conditions imposed on its buyers within three months of the date of receipt of this order.
Facts
In its initial order (passed under Section 26(1) of the Competition Act 2002), the commission had formed an opinion that a prima facie case existed and directed the director general to investigate the matter. This view was challenged by DLF before the Competition Appellate Tribunal, raising issues of jurisdiction, among other things. On August 18 2010 the tribunal refused to intervene at this stage and observed that DLF could raise these issues before the commission (for further details please see "Competition Appellate Tribunal allows Competition Commission to continue DLF probe").
In turn, Belaire Owners' Association argued that DLF had imposed "arbitrary, unfair and unreasonable conditions" on the buyers that had been allocated apartments for the Belaire housing complex (located in Gurgaon and under construction by DLF). It argued that such conditions amounted to abuse of DLF's dominant position in the relevant market - namely, high-end residential accommodation in Gurgaon. Some of the unfair conditions impugned by the informant were as follows:
The number of floors (which initially stood at 19 and on which basis the apartment allottees had booked their respective apartments) has been increased to 29, thus resulting in the areas and facilities originally earmarked for the apartment allottees being substantially compressed and leading to delay in completion of the project.
The apartment buyers' agreement was signed several months after the booking of the apartment, by which time the allottees had already paid a substantial amount and had little option but to adhere to the dictates of DLF.
The agreement stipulated that DLF had the absolute right to reject and refuse to execute any apartment buyers' agreement without assigning any reason, cause or explanation to the allottees.
The agreement was executed with the apartment buyers and construction started without an approved building plan. No consent of the apartment allottees was required for any change or condition imposed at the time of approval of the layout plan.
The agreement did not contain the proportionate liability clause to tie commensurate penalties or damages to DLF for breach of its obligations.
After conducting an in-depth investigation into the allegations, the director general held that DLF, in exercise of its market power and dominance, had imposed unfair conditions of sale on consumers in violation of Section 4(2)(a)(i) of the act (for further details please see "Important cases before the Competition Commission").
Decision
After considering the director general's report and the submissions made by the respondents, the commission made the following rulings.
The commission held that the Competition Act applied to all existing agreements, including any that were entered into before Section 4 of the act came into force, as documents filed by the informant showed that in some cases the agreements were entered into between DLF and the allottees after the date of commencement of Section 4 of the act.
The commission considered the definition of 'relevant market' in the context of Section 4, read with Section 2(r), Section 19(5), Section 19(6) and Section 19(7) of the act. It held that, in a vast majority of cases, a small (ie, 5%) increase in the price of an apartment in Gurgaon would not make a person shift his or her preference to Ghaziabad, Bahadurgarh or Faridabad on the peripheries of Delhi, or even to Delhi. Therefore, the commission held that the 'relevant market' was the market for services of a developer or builder in respect of 'high-end' residential accommodation in Gurgaon.
The commission further considered whether DLF was dominant in this market, in the context of Section 4 read with Section 19 (4) of the act. Due to the sheer size and resources, market share and economic advantage that DLF enjoyed over its competitors, DLF was not sufficiently constrained by other players operating on the market and had a significant position of strength by virtue of which it could operate independently of competitive forces (restraints) and could also influence consumers in its favour in the relevant market.
After considering the various factors and replies from the parties concerned, the commission held that DLF Ltd had contravened Section 4(2)(a)(i) of the act by directly or indirectly imposing unfair or discriminatory condition in the sale of services, as it had:
commenced the project without approval;
increased the number of floors after commencement;
increased the floor area ratio and density per acre;
delayed completion;
possessed and forfeited payments; and
included clauses in the agreement that were heavily biased in favour of itself and against consumers.
As of August 30 2011 the commission had disposed of 10 further complaints pending against DLF. The commission found DLF guilty of abuse of its dominant position in its other Gurgaon projects and issued a cease and desist order against DLF.
Comment
The decision is the first time in India that competition law has covered the exploitative nature of abuse of a dominant position. Previously, jurisprudence on abuse of a dominant position centred mainly on exclusionary abuses (eg, predatory pricing or refusal to deal), which have the effect of excluding competitors. The decision also overlaps with the well-defined concepts of 'unfair trade practice', which have hitherto been reserved for consumer disputes, and has exposed the common industry practice of builders appropriating the funds raised from buyers for other projects.
Finally, the decision shows that the commission continues to rely on international case law when making its decisions, particularly that of the United States and the European Union. However, there remains some ambiguity in the methodology used by the commission for the computation of the penalty. Unlike in other jurisdictions, there are no well-defined guidelines for the imposition of such heavy monetary fines in India. Given the complex definition of what constitutes a 'dominant position' under Section 4 of the act, which is not only dependent on market share, builders in India must be careful when drafting flat buyer agreements.

Decks cleared for IIT-D campus in Haryana

Decks cleared for IIT-D campus in Haryana

TNN Sep 15, 2011, 03.14AM IST
NEW DELHI: The proposal to set up a second campus of IIT-Delhi in Haryana was cleared by the IIT council on Wednesday. The proposed 'Extension Centre', spread across 100-acre, would have advanced research facilities. Haryana offered to provide land free of cost for this project. Sources said the centre could come up in Bahadurgarh or its adjoining areas so that it remains close to the capital.

Though there were reports of the state being keen to take the centre to Rohtak, it has not found favour since the city is far away from the national capital. "We are assessing where such a chunk can be easily acquired for the institute," said a senior official of the Haryana government.
Surendra Prasad, director, IIT-Delhi, said, "We were just waiting for the IIT council to approve the second campus before we could zero in on any location. Since the council has now given a go-ahead, we will start working on finalizing a good location."
Established in 1961, the IIT-Delhi campus in Hauz Khas has the smallest area - 320 acre - as compared to other IITs. A second campus was in the offing for the last many years and even Greater Noida was once being considered as an ideal place.Rohtak MP Deepender Singh Hooda, who attended the meeting, said setting up of IIT Extension Centre would set new benchmark in the development of educational infrastructure in the state. Haryana recently got institutions like Indian Institute of Management, a central university, a National Defence University and Central Institute of Plastics Engineering and Technology. The state has 21 universities and about 1,286 institutions of higher education

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China Builds Property Database to Fight Speculation

China Builds Property Database to Fight Speculation

China is building a database on property ownership covering 40 cities, as part of a drive to curb real estate speculation citing an unnamed official from the Housing Ministry. The database will record ownership of newly purchased homes and later be expanded to include earlier purchases. Existing ownership databases are limited to individual cities. A national database on mortgages exists but its purpose is to aid the banking system. China has put in place a series of measures aimed at reining in property prices, including curbs on home purchases in key cities. The measures have reduced property transactions in major cities, but transactions and prices in smaller cities have risen as investors shift their focus to cities where curbs aren't in effect or are loosely enforced. The expanded database would give authorities more information on home purchases and, in turn, make it easier to apply curbs on multiple property purchases.Oxbusiness, 29th August 2011

PANASONIC TO START PRODUCTION AT JHAJJAR by Nov, 2012

PANASONIC TO START PRODUCTION AT JHAJJAR by Nov, 2012

PTI Aug 9, 2011, 02.01pm IST
OSAKA: Japanese electronics major Panasonic will start production from its upcoming manufacturing facility at Jhajjar, in Haryana, by November, 2012, bringing out washing machines, air-conditioners and welding equipment.
"We will commence manufacturing facility at Jhajjar plant in Haryana by November, 2012," Panasonic India President Daizo Ito told reporters here.
Panasonic India, a 100 per cent subsidiary of Japan-headquartered Panasonic Corporation, is in the process of investing USD 200 million over a five-year period on the facility, dubbed the Panasonic Techno Park.

HOUSING SOCIETY ASKED TO PAY FOR THEFT IN MEMBER’S FLAT

HOUSING SOCIETY ASKED TO PAY FOR THEFT IN MEMBER’S FLAT

Press Trust of India Posted online: Mon Aug 22 2011, 02:57 hrs
Mumbai : A Consumer Forum has ordered a housing society to pay Rs 5,000 to a flat owner for failing to check antecedents of two watchmen who went missing after allegedly stealing articles worth Rs 2.5 lakh at his flat.
Asking Silver Arch Mutual Cooperative Housing Society, located in suburban Vile Parle, to pay Rs 5,000 as compensation to the aggrieved flat owner, the Mumbai Suburban Consumer Redressal Forum observed that the society did not enquire about the personal details of the watchmen and also did not bother to inform police about their antecedents.
The society had also failed to keep their photographs in their record which may have helped police in identifying them, the forum noted.
“The society was not vigilant and was found deficient in providing security to the members,” observed the president of forum G L Deshpande and member Deepa Bidnurkar, while asking the society to pay compensation of Rs 5,000 to its member, Keth Fernandes.

The Confederation of Real Estate Developers’ Associations of India (CREDAI)

The Confederation of Real Estate Developers’ Associations of India (CREDAI)

S K Malik said...
CREDAI is the apex body for private real estate developers in India. CREDAI represents over 5,000 developers through 20 member associations across the country. It’s numerous initiatives and activities help developers come together and work towards better practices, improved customer service and a stronger realty industry.CODE OF CONDUCTINTRODUCTIONThis ‘Code of Conduct’ is recommendatory in nature. Member Associations, may modify the same in order to meet their local conditions, provided such changes are not out of harmony with the essence of these contents.OBJECTSThe aim of this code of conduct for Developers, Promoters and Builders is to maintain the honour and dignity of Developers, Promoters and Builders in general, to secure the spirit of friendly co-operation between the Developers, Promoters and Builders and their customers in the promotion of highest standard of promotion, development and building activities and to establish transparency, and fair dealing between the developers, promoters and builders with their customers; and to establish a spirit of brotherhood within the Associations of Developers, Promoters and Builders to try and ensure that Developers, Promoters and Builders discharge their responsibilities to the community in general.For the aforesaid objectives the member associations of CREDAI desire to adopt the following norms of conduct. (However, specific mention of the following norms of conduct / rules shall not be construed as conferring upon the members and / or the customers and / or the premise purchasers any legal right enabling them to enforce the same in Court of Law of otherwise).If any member is found to violate the code, action can be taken against him by the Member Association (even to the extent of his membership being discontinued) subject to a detailed enquiry by a select committee whose recommendations if endorsed by the Managing Committee and by the General Body of the respective member association, would lead to a written warning/reprimand or termination of membership of the member.Any such action proposed to be taken by the managing Committee shall be put in to effect 30 days after communicating the proposed decision to the member in writing by Registered Post Acknowledgement due at his address as per records of the Association. The member can appeal the decision of the Managing Committee to the General Body of the member association whose decision shall be final and binding. This appeal must be lodged within 30 days of the date of communication by the Managing Committee failing which the decision communicated shall be final and bindingThe member may appeal against this decision to the CREDAI (national) within 30 days of this communication from the member association. The CREDAI (national) will hear this matter within 30 days thereafter and communicate the final decision to the member association as also the individual member.Once the decision to discontinue the membership is finalized the association will have to inform in writing to all local statutory authorities of this action as also publish a notice in the local newspapers for information to public at large with regard to the discontinuation of the membership of that developer. Additionally all the CREDAI (national) and other member associations will be duly informed of the same and should the member be a member of any other CREDAI association then it is for them to decide on course of action for that membership in light of this termination of membership.
CODE OF CONDUCTWe, the member associations of CREDAI adopt the following code of conduct. Any addition / Deletion can be effected from time to time with the consent of the General Body. Proposals must be circulated 30 days prior to the General Body meeting.1. TITLEThere should be a true disclosure of the property under development in the “Title Certificate” from a solicitor / Advocate showing the rights and obligations of the developers along with the Agreement for sale.2. INSPECTION OF SANCTIONSAll sanction from the sanctioning authorities like approved plans and commencement certificates, N.A. permission, exemption order under U.L.C. Act (if required) etc., should be made available for perusal of the purchaser at the time of signing the agreement.3. BOOKING OF PREMISESThe Developer should normally commence booking / Sale of flats / premises only after obtaining sanction of plans and commencement certificate and clearances from the competent authorities. If booking is entered into with purchasers before obtaining all required clearances the purchaser must be made aware of this fact at the time of this booking and if necessary by way of a true disclosure in the agreement and or the title certificate.4. AGREEMENT OF SALE The Developer should enter in to a proper agreement as per the relevant Acts immediately on receipt of Earnest Money or any Deposit from the purchaser of flats / premises.5. PAYMENTSPayment receivable under the Agreement for sale should be scheduled according to the progress of the work and as per the provisions of the relevant Acts or as may be mutually agreed between the purchaser and developer.6. ESCALATIONThe developer should not enhance the price of the flats / premises once the agreement for sale is executed – on any account whatsoever; except for additional levies, taxes, court orders or in terms of the relevant Acts or under force majeure conditions. However, if there is a specific understanding between the Developer and Purchaser which is spelt out in the agreement, escalation can be charged on mutually agreed formulae or terms.7. CONSTRUCTION OF BUILDINGThe developer should construct the building only as per the rules / sanctioned plan and regulations of the Authority. Any variations should be within prescribed and permitted and prevailing norms / rules8. QUALITY OF CONSTRUCTIONThe Developers must ensure good quality materials and proper workmanship. Specifications as per agreement should be adhered to and statutory specifications of the Local Planning Authority should be complied with. Proper technical supervision on site should be ensured through qualified and experienced technical personnel in addition to usual qualified structural engineers and architects.
9. PLANS & SALEABLE AREAA. PLANS: -A member • Shall conform his building plans strictly to the prevailing regulations and byelaws.• Shall make available copies of sanction plan and other permissions available to the purchaser on request.• Shall display the sanctioned plan date & number in a prominent place at the construction site.B. SALEABLE/CARPET AREA: - The carpet areas of individual tenements is the area of the inner measurements of the tenement at floor level excluding the column offsets and wall finishes but will include the areas of balconies, cupboards, accessible internal projections including private terraces and the door/window jambs and will also include the following detached habitable area, if any, such as servants’ room etc. for exclusive ownership.• Mezzanine floor/lofts, if any.• An agreed %age of the double heights rooms or terraces, if any.• An agreed %age of the private/reserved carparks allotted or sold to the customer for exclusive use.• An agreed %age of the private/reserved garden or ground area allotted or sold to the customer for exclusive use.All agreed %ages referred to above shall be stated in the agreement of saleA member shall offer his units for sale based on either carpet area as above or “saleable/built up area”, which will be arrived at by adding to the carpet area: all wall, column thicknesses, proportionate share from the common areas such as entrance lobby, staircases, upper floor lobbies and landings, lift cores at every level, lift machine rooms, generator room, electrical room/substations/transformers, gas banks, garbage room, clubhouse, security room, club house, indoor sports room/s, security cabin, general toilets for servants / drivers and any such amenities/rooms or designated spaces provided these have not been charged separately plus any other common constructed areas not mentioned hereinabove. The member association may from time to time adopt standard procedure for ease of the purchasers in their city/town/state a certain percentage of area in lieu of Proportionate share from the common areas as above which then will be applicable to all the members and the purchasers as a standard practice.NOTE: • Ground space for garden or any other purpose and / or terrace space to be allotted for exclusive use if any shall be indicated transparently and charged for separately. • Plinth area shall be computed by measuring from wall to wall. While exclusive wall shall be fully accounted, shared walls shall be split.• All agreements for sale of any premises shall contain a floor plan showing the internal dimensions from which the carpet can be computed• Details showing how the saleable area is arrived at with specific details of the common area shall be disclosed with clarity duly certified be an architect as per above norms at the time of booking.Underground sump, water tanks, compound walls, septic tank, open to sky walk ways, , open to sky swimming pool, open sports facilities, chajjas, weather sheds, inaccessible flower beds, lofts, common open to sky terraces, stairwell ducts and voids etc. and the like.10. CONSTRUCTION, TIME FRAME, PENALTY, GENERAL CONDITIONS:
SK Malik
skmlk@yahoo.co.in
9818686240

Status of Six Laning of NH 10 (Delhi border to Rohtak)

Status of Six Laning of NH 10 (Delhi border to Rohtak)
Six laning of NH 10 Delhi/Haryana Border to Rohtak and four lane bypass for Bahadurgarh & Rohtak, NHDP Phase III Project, under Implementation
Status: 31st August 2010Length (Km) 63.49Date of Start May 2008Original Completion Date May 2010Estimate Completion Date May 2011Contractor & Nationality KCT - ERA consortium- IndianSupervision Consultant & Nationality ICT Pvt Ltd- Indian

NHAI have removed the page from Web Site (from Jan 2011) showing “Starting Date” and “Planned Completion Date” “Revised Completion Date” & Name of Consultant etc for running projects. This is BAD & not transparent.

Delhi/ Haryana Border to Rohtak, NH 10, (NHDP Phase III Projects under Implementation Status as on 30th June 2011) Revised Target Date Nov 2011 (By SK Malik, skmlk@yahoo.co.in)

KMP Expressway PROGRESS

KMP Expressway PROGRESS
Target Date, by July/ August 2009 (42 Months). The KMP would intersect NH-10, at a distance of merely 4 Kms from Bahadurgarh. This is expected to further shorten the distance to Gurgoan (19 Kms.) and Sonepat (25 Kms,) only. Bahadurgarh to Sonepat 19 Kms Bahadurgarh to Gurgaon 25 Kms

Target Completion date re-sheduled to Jan 2010 (Delay months) This is first extension. Performance/ poject management skill of NAHI, DS Construction and Haryan Ind Development Corp. will be tested

Both WPE (Kundli-Manesar-Palwal) and EPE (Sonepat-Baghpat-Ghaziabad), having a combined length of 269 km, are lagging badly. The deadline for WPE was July 27, 2009 but the monitoring committee on inspection found that only 12.2% of the work had been carried out by contractors till December 31, 2008 as against the target of 73.21%. EPE contract is not awarded yet due to single quote received.

PROJECT PROGRESS KMP EXPRESS Start Date Feb 2006 Target Date 29 07 09 Duration 42 Months Project Cost Rs.1, 800 Crores Revised Target Date Jan 2010 Actual Progress 12.20 % as on 31 12 08 (Planned Scheduled 73.21 %) Actual Progress 14.47 % as on 23 02 09 (Span Consultant Private appointed by HSIDC to monitor the project) Actual Progress 18.03 % as on 30 04 09 (As per Sh. AK Singla of HSIDC) Actual Progress 20.0 % as on May 09 (As per Sh. AK Singla of HSIDC) 1. This project is for National Capital of India 2. Our Supreme Court is monitoring the project progress 3. Project area with good connectivity/ communication network, availability of Infrastructure, raw material and man power 4. Executed by private player on Public Private Partnership basis 5. Toll Road early commissioned early earning per day 6. We have “Ministry of Statistics and Programme Implementation Government of India ” 7. State CM is monitoring the project We are failed in meeting the target. We shall analysis, Why we are NALAYAK in “Project Implementation and Management”. What will be the status of project implementation in remote / hilly/ rural/ backward/ inaccessible locations sponsored by poor and politically CHOR state governments?

Financial commissioner and principal secretary of industries, (Haryana)Mr Y S Malik said on Nov20, 2009. Malik claimed that the connectivity between NH-8 near Manesar and NH-2 near Palwal would get a push with the opening of the first stretch of the KMP expressway. "The concessionaire has told us that it would be opened for traffic in the next 3-4 months. However, we have extended the deadline of the entire stretch to December 2010,'' he said. The developer had earlier claimed to complete this stretch by this year end.

Feb 05, 2010 PROGRSS REPORT SUBMITTED TO SUPEREME COURT Western Expressway Physical Progress on Nov 30, 2009 32.20 % Vs Planned progress for July 29, 2009 - 100 %. New plan progress will be achieved on Dec 31, 2010 of 52.60 % Delhi’s environmental woes are here to stay with the ambitious Eastern Peripheral Expressway (EPE), planned as an alternate route for heavy commercial vehicles crossing the Capital, all set to miss its October 2010 deadline by four years. The environmental panel under Bhure Lal, monitoring the project work, informed the Forest Bench of the Supreme Court on Friday that while acquisition of land was still incomplete, the project has witnessed an escalation in cost from an estimated Rs 3,551 crore to Rs 4,700 crore, with the road showing no signs of completion before 2014.

The company constructing Kundli-Manesar-Palwal (KMP) Expressway (also known as Western Peripheral Expressway) on Monday Aug 16, 2010 assured the Haryana Government that the project would be completed in June 2011. It also assured that the partial 50-km stretch between Manesar and Palawal would be opened in February 2011. The commitment came in a meeting convened by Haryana Chief Secretary, Urvashi Gulati, in Chandigarh on Monday, in which KMP Expressway officials participated. Gulati asked the company to expedite work on the Expressway and complete it as early as possible. The meeting took place after the Haryana government took notice of a report published in Hindustan Times, in which KMPEL had said that it would not open the 50-km partial stretch in November but the entire 135-km stretch together in the middle of 2011, said a Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) official. The company was to open the stretch partially in November as per its earlier commitment.

Bhupinder Singh Hooda Reviews Already Delayed KMP Expressway Progress TUESDAY, 21 DECEMBER 2010 22:58 WRITTEN BY SANJEEV SHARMA Chandigarh (ABC Live): After many earlier failed deadlines on Tuesday the DS Construction company responsible to construct Kundli-Manesar-Palwal (KMP) Expressway has once gain set deadline to complete the 53 kms long stretch of the expressway from Manesar to Palwal by March 2011. Information to this effect was issued by Haryana Information and Public Relations department on Tuesday after Haryana Chief Minister, Mr. Bhupinder Singh Hooda had an aerial survey of the Kundli-Manesar-Palwal (KMP) Expressway and reviewed the progress of its construction work near Gurgaon and near Rai. As per released statement the 135 kms long expressway is being constructed on war footing (Defeated in WAR every time) at a cost of about Rs.1830 crore. Press release further says that according to the construction company, the DS Construction, the 53 kms long stretch of the expressway from Manesar to Palwal would be completed by March 2011 and it would be opened to traffic. It would connect National Highway No.8 and National Highway No.2. The stretch between Kundli and Manesar is expected to be completed by August 2011. The Press release quoted the company officers of the construction company that big loops would be constructed on the expressway where it cuts the Delhi-Amritsar National Highway No.1, Delhi-Fazilka National Highway No.10 and Delhi-Jaipur National Highway No.8. These officers also revealed that all clearances including that of railways for construction of ROBs have been obtained and now there would be no laxity in the construction of the expressway. The process of acquisition of land has also been completed and there was no obstruction. Initially, the expressway would be a four-lane road, but there would be provision to wide it for a six-lane road. The expressway is being constructed by DS Construction Company which had been given a time schedule of 23 years and nine months to complete it on BOT basis and recover its cost

Apr 05, 2011: Unhappy with the slow progress of the KMP Expressway, the Haryana government has warned the private concessionaire of invoking action as per terms of the concession agreement. Sources said that it could impose financial penalty on the developer, though it will be meager in comparison to the cost of the project. The state government has asked the concessionaire to give the final date of opening the first stretch between Manesar and Palwal, which was scheduled to be operational by this month-end. The concessionaire submitted that it would give the exact date after accessing the ground situation, said a senior HSIIDC official. These instructions were issued at a meeting chaired by the chief secretary, Urvashi Gulati, to review the progress of the expressway project on Tuesday. Some of the issues put forward by the concessionaire as reasons behind the slow progress were change of scope orders and forest clearance at two to three locations. Gulati said that a sub-committee of the industry secretary and the MD of the HSIIDC might get these issues resolved. The HSIIDC MD, Rajeev Arora, said that concessionaire was trying to shift the focus from non-performance to petty issues.
Miffed at the slow progress of the upcoming Kundli-Manesar-Palwal (KMP) Expressway, the Haryana government has warned concessionaire company KMP Expressways Ltd of slapping the penalty clause. According to the concession agreement, the expressway was to be completed by July 29, 2009, after which the firm would have to pay the government weekly damages at the rate of 0.01 % of the total project cost. Another clause entitles Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) to terminate the agreement after giving one-month notice to the company if operations do not start within 12 months from the scheduled completion date.

CBI FIR names PWD officials, private firms Hindustan Times, Delhi, May 02, 2011 The Central Bureau of Investigation FIR on alleged irregularities in t he award of the contract for the construction of the Barapullah Elevated Road Project (BERP) — in the run-up to the Commonwealth Games held in October 2010 — has named eight officials of the Public Works Department (PWD) and two private firms. “The FIR named two firms, DS Constructions Limited, the project’s contractor and Tandon Constructions, the project’s consultant,” said a CBI spokesperson. According to an agency source, who is not authorised to speak to the media, the eight PWD officials have been accused of awarding the BERP project — worth R433.71 crore — to construction firms at “an inflated rate”. According to the source, had the project — delayed by around five years — been completed on time, the exchequer could have saved more than R100 crore. The cost of constructing the BER came to around R56,000 per square metre. The PWD, according to the source, had split the project into “two packages”, for early completion of the project. However, it later gave both to the allegedly favoured construction firm by increasing the cost. “It led to a gain of around R50 crore to DS Constructions,” he said. While package one included construction work from Sarai Kale Khan to Mathura Road, package two was for work between Mathura Road and Jawahar Lal Nehru Stadium. “The construction included elevated and slip roads and work related to landscaping, electrification and drainage,” said the source. The CBI had, on Saturday, registered the FIR over alleged irregularities in the Barapullah project. The Central Vigilance Commission had, in 2010, handed over the probe into the alleged irregularities to CBI. According to the source, the construction firm had allegedly not complied with quality control measures, including carrying out lateral load test of piles. He said the accused PWD officials also did not insist on it.

Hindustan Times, Chandigarh, May 03, 2011 KMP Expressway may miss deadline again The monthly progress of the upcoming Kundli-Manesar-Palwal (KMP) Expressway has dropped down during the first three months of this year. At the present pace, it is unlikely that the concessionaire will be able to complete the project by November 2011, the latest deadline committed by it. KMP Expressways Ltd, the concessionaire, has already missed the April 30 deadline for opening traffic on the priority section of Manesar to Palwal. “In light of the dwindling progress it is certain that the concessionaire is not going to keep up to his commitment again,” said a senior official. The monthly progress of the 135.65-km-long expressway went down to 1.06%, 0.88 % and 0.91% during January, February and March respectively. As per the latest bulletin, the concessionaire has achieved a physical progress of 61.32% (R908 crore) till March 31, 2011 against the original commercial operation date (CoD) of July 29, 2011 and revised CoD of December 31, 2010. “The monthly progress of the project had been continuously much below the targets fixed by the concessionaire and in view of the slow progress of the work, secretary, Union Ministry of Road Transport and Highways, who is the chairman of the monitoring committee has expressed dissatisfaction on the project,” said an official, who attended the April 5 review of the project conducted by the High Powered Committee (Expressways). Though the chairman of the Centre’s monitoring committee has asked Haryana to take appropriate action as per the concession agreement, it seems the state government is not too keen on invoking the penal clauses of the agreement. Group chairman of KMP Expressways, HS Kohli, on the other hand, has expressed reservations regarding the proposed penal action as per the minutes of the April 5 meeting.

May 30, 2011 The 135-km Kundli-Manesar-Palwal (KMP) Expressway project, which was to be thrown open to the public in 2009, to ease congested roads in Delhi, continues to linger on till date. Moreover, the Haryana government has extended the partial opening of the 53-km stretch between Manesar and Palwal slated for May 31, 2011, by three more months. Rajiv Arora, managing director, Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) said, “Besides certain issues related to clearances from the Central government, there were issues like unrest in Libya where KMPEL has many projects. I think that trouble is now over.”

DLF Verdict may open Pandora's box for real estate sector

Verdict may open Pandora's box for real estate sector

The Rs 630-crore penalty imposed by the Competition Commission of India (CCI) on DLF Ltd may open a Pandora’s Box for the real estate industry, according to analysts.
“There are so many projects where real estate developers have not delivered (as promised),” an industry representative reasoned.
While most developers reported delivery slippages in their recently announced first-quarter results, many of them are learnt to have made changes in building structures or materials used without keeping their customers in the loop.
“The DLF case might become a precedent for other such litigations to follow, which would be a problematic situation for the industry,” said R R Singh, deputy general of the National Real Estate Development Council.
G P Srivastava, senior advisor at the Associated Chambers of Commerce and Industry of India, said there could be more such litigations in the near future. “It could be an eye-opener for other builders,” he said.
However, an industry source argued these practices (violations in realty projects) were rampant in India. “This (the CCI penalty on DLF) should be an example that customers should not be taken for a ride,” he said. “At least, someone has finally acted on these practices.”
Kaustuv Roy, executive director of Cushman & Wakefield India, said the CCI directive due to delay in construction could be viewed as a strict warning for developers who had not been factoring contingencies in mind while launching projects. It’s also a move to establish that the rights of the purchaser would be protected in case of an indefinite delay. However, he said since construction was a long-term process and dependent on external factors like economic environment, legal and governance issues and legislative amendments, “many of these factors cannot be entirely pre-empted at the start of a project”.

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