HIG ROHINI S-29

[arvind k]

Hello friends , I got a flat in rohini sec 29 hig and very excited about the electricity camp . Now I m curious about how many allotees are going to shift there . Plz share ur views

[arvind k]

Hello friends , it's look like no body is going to shift in rohini hig sector 29 in near future . Thanks

[Sandeep Kumar]

Arvind,

I'll definitely shift to Rohini Sec 29, but at this moment
surroundings are a bit of concern so it is going to take some time.

Regards

[Ravi Kant]

As on today no body will shift because it will take a long time in providing basic amenities such as water ,provision of lift facility etc.The development of that area will take a long time.Some other facilities such as security,transportation, and market is also required for living which are far far away.

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[HARI SHANKAR]

Could you tell me anyone How much time take to develop Sector-29 area. This area is good for long term or not

[HARI SHANKAR]

No, I am not Interested, I wants know about future of Sec-29 HIG long term prospect.

On Wed, Jun 5, 2013 at 5:59 PM, <aditya...@gmail.com> wrote:

Will you be interested in selling

On Saturday, April 20, 2013 4:08:01 PM UTC+5:30, arvind k wrote:

Hello friends , I got a flat in rohini  sec 29 hig and very excited about the electricity camp . Now I m curious about how many allotees are going to shift there . Plz share ur views

--

[Avinash Prakash]

by the way what is average market selling rate for HIG??

[Sandeep Kumar]

About Rs 1.10 Cr in Rohini Sec-29 HIG, Prices are down by about 15-25%
from its peak.

Regards

[Nirmal Gupta]

i guess prices will fall further because of economic slow-down and increased gold shopping by the public.

[Nirmal Gupta]

http://timesofindia.indiatimes.com/business/india-business/India-imported-around-162-tonnes-of-gold-in-May-Finance-ministry/articleshow/20412628.cms

[Raj C]

Dear, I believe, This is not the case, 

Gold buying is not a factor nof slowdown in property, 

This is because of a local reason. 

Recently delhi govt has approved few small colonies to be regularized 

Local builders have diverted most of their funds in these colonies because margins are high there. 

Within year or so, this will be settled, and prices will take natural path. 

Raj C

     

बृहस्पतिवार, 6 जून 2013 6:47:51 pm UTC+5:30 को, Nirmal Gupta ने लिखा:

[Sandeep Kumar]

Prices are so down now that HIG in Rohini Sec-29 is going below 1 Cr. Nobody would have imagined this happening in Rohini.

http://www.99acres.com/Residential-Apartment-Flat-in-Sector-29-Rohini-Delhi%20North-3-Bedroom-bhk-for-Sale-spid-X10089429

Aur dil ko samjhane ke liye, may be the dealer money is stuck and want to get out as quickly as possible even with less profit...........................:)

Regards

[Harsh Jain]

Really pathetic times for the real estate market, but, in a way I am not too distraught although myself holding a property in this DDA Scheme and the same has depreciated substantially on premiums that were offered about 8 mo back.

The middle class must be given a real chance to own a house in Urban cities, this bubble was waiting to be burst although Delhi still remains unaffordable to buy a house by a long distance for the most.

Still a real good buyers market. I hope people (end users, not speculators) hop on to this bus before the next general elections after which the prices may rise again as the rumour is all the political money involved in real estate is being taken out for the next elections.

[Avinash Prakash]

i last visited the site about a month back, and was surprised to see no of real estate agents that have mushroomed at garages of D block. i was in a hurry so couldn't approach them would have been intersecting to know the kind of price being quoted by them. does anyone have any idea about price being offered by these agents? i am also curious to know if i can expect any rental in the area post diwali as few people are expected to move in by then.

[Sandeep Kumar]

Today I got call from some property dealer for meeting at Rohini HIG Sec - 29 to form RWA. Did anyone else got the same call too? I asked how property dealer can form the RWA, he was telling they also own flat so can participate in the process. Also he was telling for everything govt depts are asking for registered RWA and they will leave formed RWA to residents once they will sell their inventory of flats.

Regards

[Utkarsh]

Dear Sandeep,

I also got the call from a property dealer (Hana Properties or something similar) and he also invited me to come by 3.00 p.m. for RWA formation. He called me at around 1.30 p.m. I did not go because of Modi's rally yesterday.

Regards,

Utkarsh

[Sandeep Kumar]

Hi Utkarsh,

I would have gone if at least they would have informed a day earlier or even in morning but not possible in 1 hr notice. The call was from Handa Properties and many others got the call too. Will try to go this Sunday to see what is happening.

Regards

[Sandeep Kumar]

I went today and was happy to see that 3 families had already shifted in Sec-29 HIG's and some more are planning in coming months. One family is in Block C, one in Block A and one is in Block B. Electricity and water supply are absolutely fine.

The electricity bills for people who have got connections are lying with Nanda Properties in Block D, so anyone going there can collect it from here.

Regards

[Arvind K]

Hello Sandeep bhai , few days back I got a call from some property dealer , he told me that 4 or 5 families are living in the s-29 , now u also confirm the same . But i am querious whether these are the actual owners or tenant . How about the roads , are they complete or still in process . Thanks

[Sandeep Kumar]

Arvind ji,

You are talking about LIG or HIG? In HIG complex only 3 families had shifted as far as what I saw, but some more are planning to shift in coming days. Also I believe the people shifted are owners and not tenants. I am also planning to give my flat on rent but people are not really interested to take home that far away from daily amenities unless the budget is very less and rooms required are more. Roads are all completed in sector 29.

Regards

[Manu]

molarband, jasola and mukharjee nagar people have been lucky in this case. situation had been same in vasant kunj and dwarka also. there location is good but construction is not complete. although now i have heard that lot of families have now shifted in saraswati and narmada blocks. i also want to give my flat on rent soon so that the emi burden can bit me less every month.

prices of flats have now decreased and every month i am paying around 18k to bank as interest. that 18k per month is decreasing my profit with no appreciation in prices :(

[Manu]

bite** me less

[Sandeep Kumar]

Hey Manu,

I am paying more than double the interest of what you are paying. And although I am not looking at selling because I have to shift there eventually, the prices came down by almost 20-25% in last 6 months. Seeing this scenario really give me jitters. As far as location goes, I think Rohini Sec- 29 is the worst compared to all other location because it is like just one complex standing in no mans land. But I take comfort seeing the construction quality of the complex, which is much much better than other locations. It seems the Rohini contractor have really done a good job in building the complex.

Regards

[Manu]

hi sandeep,

I have lig in vk that is why the interest is low for me. the price fall is really scary and makes me think am i losing the profit i got when i got the flat in the lucky draw. exactly 1 year ago, if profit amount was 15-20% more (based on the calls i got for selling) and i had not paid any emi by then. now every month i paid 18k per month as interest and prices have also reduced. i really do not know if i should keep the flat or sell it and buy some under construction flat else where. i was tracking a particular under construction project and it was costing 47 lakh one year back. now i have paid approx 2.2 lacs as interest and flat price also reduced. and that under construction project is now costing me 60 lacs :)  the profit margin seems to be reducing day by day.

i have been to rohini sec 29... a friend got lig there (in 2010 draw) and yes the construction was superb. you got lig and at least you can hope to shift there after some time. but mine is lig in vk and i can not shift there. apart from that, price appreciation for lig flat should also be limited. people use mig/hig for their self use but lig is mostly used for renting purposes. i do not know if i should sell it now in down market and buy some where else or should i wait. i really hope i do not end up losing after winning in the lucky draw :)

[Manu]

i meant to say - you got hig** not lig

[Sandeep Kumar]

I'll suggest wait and see the price trends for at least a year more or say till 6 months after the general election. At that point if the prices are still in downward trend sell it and buy somewhere else a bigger flat. Otherwise if going up, you will be able to encash it handsomely after say 2 yrs.

Regards

[Sameer Jain]

Sandeep/Manu,

Though I am not a RE pandit. My common sense belief about VK site is following

1. Downward trend will continue till May 2014 owing to political uncertainty and siphoning of colored money out of RE to GE.

2. Society is still getting developed and DDA will take at least 4-6 months to make it better. Scales are huge here, projects like even building proper boundary wall is mammoth. Though some residents working action groups and RWAs are coming up in VK.

3. There may be small upside post May 2014 if point #2 is taken care by then.

4. Its going to take DDA atleast 3 years to fully develop the area like Ganga block, shopping complexes, schools etc planned on the site

5. Supply is more than demand and Ganga block is going to add to supply at some point 

I don't see previous highs getting achieved in next 2-3 years. Only hope is DDA speeds up the work and complete everything in 1 year...which we all know is highly improbable. I would say one has to hold it for 5 year time frame to make handsome returns as all said and done its great mega project overall and once completed it promises to be "Address" to live in.

Regards,

Sameer

[Arvind K]

Sandeep bhai really felt bad after reading ur views on rohini s29 , I got a hig there too . But it's true that area looks very isolated . U know when I got this flat I was hoping that area will be populated in 3-4 years but now it feels that it will take much longer . But when saw all those property dealers In the area I always get confuse why these sharks are in area like this .may be they saw potential in the area or may be they are small fishes who don't hv elsewhere to go . It always irritates me. God knows what will be the future of these place ़भगवान सबका भला करना बस शुरू रोहिनी से करना ।

[Manu]

thanks for the inputs sandeep & sameer.

sameer, do you think a lig in vk is worth keeping for 5 years? why any one would buy an lig for self living? right now a specific under construction 3 bhk flat in new gurgaon (sector 82-83) is of 85 lacs and vk lig is also of same price. after five years, i feel after 5 years that 3 bhk will cost a lot more than vk lig. what do you think?

[Sameer Jain]

I am not eligible to do such predictions Manu bhai,

By the way, by my information LIG in VK is sub 75 lacs now. Ground floor and first floor are little higher.

[Manu]

hmm thanks :(

in my confusion of vk lig i forgot that this is rohini hig thread. sorry for discussing vk here.

[Sandeep Kumar]

Arvind,

Buddy, no need to feel bad, we all are in same boat. I'm just not able to ignore the reality, that the location is very much isolated and I have not seen any construction activity going on the vacant plots in Sec-29. Only some property dealers have opened shops in 1/2 rooms they have constructed on vacant plots. Also this concern me more, because I wanted to shift in my flat by next March but seeing the situation not feeling comfortable. And this is really big issue for me as I am staying on rent, so kind of double whammy of EMI and rent for me.

Initially property dealers had invested heavily there after the allotment hoping the prices will skyrocket by the time people will take possession, which didn't happened, so now even they want to get rid of their inventories with minimum profits than keeping money stuck in it. As far as I know more than half of 560 flats in HIG Sec-29 were bought by dealers after allotment on premiums. All those flats now they have to sell back, that is why prices are going down.

Regards

[Nirmal Gupta]

I thinks its just a simple formula of demand and supply !!

Currently we all know their is huge supply of houses/plots from builders and less demand i.e less no of buyers in market who want to buy from owner (because he will expect an appreciation). Whatever is demand, is going to the builders. I am not sure if we can expect a correction to this scenario in near future !!

[Arvind K]

Today I visit sec 29 hig flats , had mix feelings regarding the area , that I want to share with u guys :
1 .in b block a small shop is opened now .
2. According to the shop person 5 families are living there now and also renovation work is on high speed and he was hoping more families coming near Diwali .
3 . The bad thing is these people are actually using lifts for moving malba ( material used in construction cement bricks and the removed building material) from different floors to ground and the b block lift is not working cause of these , cement and bajri is in lift doors and it is not getting close now , feeling really bad that we are damaging our own property .
4. Roads in front of sector getting complete on high pase.
5. One of the contractor from the sector told me that this road are going to connect karnal gt road and rohtAk road , I m not from Delhi so I not sure whether this is true or not .
6. Saw two iron doors and one shutter on b block garges
6. Lots of safaai carmchari
7. Lots of property dealers in d block .
8. Both complex doors are open
9. Most important please visit ur flats cause at least ten flats get broken in for senatary stuff
10 . Contractor are going to run away in some time according to Dda staff u must complete all ur electric wiring from ur meter to ur flat ( I hv not wired from my elect meter to flat )and also power wire in ur flat .

[Arvind K]

Hello guys , I m going to sec 29 hig for power wiring of my flat . If anybody else is coming let me know . Thanks

[U. Sharma]

Hello all the members of the group, I wish to bring to the notice of all that a meeting of the owner of DDA HIG flat Sector 29 is scheduled on 17th Nov. 2013 at 3pm, Please try to attend the meeting. 

[Sandeep Kumar]

I would also request all allottees of Rohini Sec-29 HIG's to come to this meeting and participate in RWA functioning. This will help in resolving the remaining things at complex.

Regards
Sandeep