SRS Retreat registry

We visited the site 2 days ago and despite our several queries we have been told that this project will be registered as Farm Villa and that we will be permitted to construct about 80% of the total land area.

As per the understanding of our lawyer - the registry can happen as Farm Land, or Farm House or residential land or village abadi.

For the first time we have heard the new definition... if someone has data please do help....

SRS RETREAT , PP FARMS, Neharpar Faridabad

Many such "FARMS" are being offered by various promoters - in Neharpar area... the poor customer who is loooking at putting his life's savings into such projects needs to understand the following points clearly...

These properties are not sanctioned properties... if they were the land was being registered as FARMHOUSE then the project is clean .. as the builder/ developer has the required approvals and that the property cannot be acquired at a later stage or bulldozzed.

However though builders like SRS and PP Greens are buying land at 700/- to 1000/- per square yard and selling it off at prices between 5000/- to 6000/- rupees per square yard.. all they have "developed" are roads ... and a very small construction ... below is the break up of the SRS Retreat Farms project -

Total Plot size - 2000 sq. yard -
Built up area- 1150 sqft @1050 per sqft... ( Value given by Contractor)
Land bought for - 11 lacs + add cost of road - 2 lacs + Other Development @6 lacs max... - total acquisition cost - 19 lacs. ( Maximum- on the higher side)
Interest Cost and other cost - 3 lacs
Grand Total- 22 Lacs
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The Builder/ Developer has cut corners at GETTING due sanction for FARM houses... which would have costed about 8 lacs per plot maximum.

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Today the builder/ developer is selling the project for 1 crore 20 lacs for a 2000 sq. yard plot....
with a 1150 sqft construction.
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The Haryana govt today is sitting with their eyes closed - and tomorrow when poor chap who buy these home move in ... you will have bull dozers standing at your door...
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Also the plot of land is very close to the river such that in 2009 when Yamuna rose upto the danger mark- the site office was under 3 feet of water ...

At that time the plots were being marked and no construction had happened.
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Please leave your comments and do let me know if I am wrong at any place...
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The SRS Retreat is right next to the Greater Noida sectors but since there is no bridge ... nor is one planned .. you have to take a  70 kilometer route via Kalindi Kunj.
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The builder claims that a bridge will come up in 2 years ... which is a pack of lies... the only bridge planned is one for the Easter Peripherial Expressway ... which is 10 kms further towards Mathura.


 Point to be noted

If all this was not correct why has the owner of SRS built a farmhouse for himself right in the middle of the SRS Retreat Farms project - of the size 2.5 acres ... and got it sanctioned as a FARMHOUSE.