Omaxe New Heights Faridabad

Posted By indiaspaces . on 09 Nov 2011
Members (144) | Comments (632)

POSITIVES - Low Price, Less Wastage Floor Plans, Reputed Developer, Limited Units 

NEGATIVES - Abnormal Delays, Bank Funding Not Available, External Infrastructure Dependent Location 

OMAXE NEW HEIGHTS, Sector 78, Faridabad is one of the most affordable group housing in the region.

The project had all licenses and map approvals and was originally launched as Omaxe Spa Vlillage.  

Post global meltdown, around 2 years back, company decided to change sizes and relaunch a part of it as Omaxe New Heights. 

Company was unable to deposit the EDC/IDC till 2011 and was paid only in the second half of 2011 which also marked the sanctioning of building plans.

http://indiaspaces.com/down/1353_omaxe_new_heights_.jpg

Meanwhile Haryana Govt increased the EDC / IDC to almost double, something which was not anticipated. Around this time the license of the project has also expired. Now unless the new EDC/IDC is paid to department, the license would not be renewed, sanctioned maps would not be handed over to company and no bank loans would happen.

People totally dependent on bank loans would actually have no choice then to exit the project either by way of refund or resale in open market. 

Company might subsequently sell these flats at higher prices.

It may even ask all other customers to pay increased EDC. For this INDIASPACES had suggested management, that the money should be received in a separate account specifically for EDC only.

Comments
new heights vs dhingra - ( Omaxe New Heights Faridabad )
Posted by Jogender 14 Jan 2010
Dear indiaspacesji, This is with respect to query of ANKUR MEGHANI regarding the location of OMAXE Heights vs Dhingra.Earlier you have promoted the Suburbian floors as one of the Good locations in nehar paar. Now it's been said that OMAXE will be having a better location (I may have understood it wrongly). As far as MAP approvals Loans are concerned I think all the new projects after Loksabha Elections are sailing in the same boat, Map approvals are pending, loans are sanctioned in principle but no disbursement due to lack of papers etc. So except for Brand name there is not much of difference

Related Comments    Reply to comment    Post New Comments
new heights maps - ( Omaxe New Heights Faridabad )
Posted by Rohit 12 Jan 2010
Revised floor plan awaited? Do you mean to say Omaxe is going to update the area? So can it increase or decrease overall 1100 sq ft? Or it is going to changes various sizes of rooms? Please elaborate

Related Comments    Reply to comment    Post New Comments
Omaxe new heights - ( Omaxe New Heights Faridabad )
Posted by Rohit 12 Jan 2010
1. When shall construction start for the Omaxe New Heights 2. When do we have to pay next installment 3. when will bank start financing

Related Comments    Reply to comment    Post New Comments
omaxe new heights 2bhk - ( Omaxe New Heights Faridabad )
Posted by Neeraj 23 Dec 2009
i have a booking of 2bhk 850 sq ft flat in omaxe new heights, i have been alloted d 405 no flat and i have also paid around 3.25lakhs to the builder, but i want to sell it off, kindly help me

Related Comments    Reply to comment    Post New Comments