Very Newly launched Earth Tech One is one of the most favorable and very to invest for residential or commercial purpose with very high tech.
1. What is the relationship between Earth
Infrastructures Ltd and Collective Growth Realty Pvt. Ltd.?
A. Collective
Growth Realty Pvt. Ltd. is the Strategic Marketing Division of Earth
Infrastructures Ltd.
2. The Tech Zone plot no. 1 is in the name of
Neo Multimedia Ltd. What is the relation
between Earth Infrastructure and Neo Multimedia Ltd.?
A. Neo
Multimedia Ltd. is the Owner of the
said plot and has entered into an arrangement with M/s Earth Infrastructures Limited
(Developer) to develop the said
plot. The Directors of both the companies are same.
3. I want to book a fully furnished office
space of 350 sq ft in Earth Tech One project. What is the booking procedure for
the same?
A.
To book an office space in Earth Tech One, you
need to pay booking amount which is 10% of BSP and fill up an application form
for the same.
4. How many towers will be there in the IT
park?
A. The
IT park will have four towers.
5. How many floors to each tower?
A. Each
tower will have ground+ 15 floors.
6. Will the company provide Leasing Guarantee
to the investors? What happens if my unit is not leased out by June 2015?
A. The
investor will be provided leasing assistance from the leasing team of Earth
Infrastructures Ltd.
7. What is the date of possession of the
project? Will the date be specified in
MOU?
A. The
date of possession of the project is June 2013 and has been specified in the
MOU.
8. What is the penalty clause if the
possession is delayed?
A. In
the MOU, the developer undertakes to make a committed return of 12% per annum
till June 2015 which is for an additional 24 months from the date of possession.
9. What are the different payment plans
available for Tech One?
A. The
various payment plans available for fully furnished office space in Tech One
are:
1. Down
Payment Plan – for units of 350/500/750 and 1000 sq. ft.
2. Flexi-payment
plan – for units of 750 and 1000 sq. ft.
3. Construction
linked plan – for units of /750 and 1000 sq. ft.
10. Is bank loan available for this project?
A. Generally
banks do not provide loans on commercial projects
11. Why the BSP the same for all the three
plans? How an investor does stands to
benefit if he is opting for DP plan?
A. In
DP plan, by making 95% payment within 60 days, the investor starts getting an
assured return of 12% for the next 48 months.
This means the he gets back approx 48% of the amount invested by him in
the form of returns.
12. Is there an assured return on CLP?
A. There
is no assured return on CLP. That is because the Construction linked plan as it
is, provides the buyer with the flexibility to pay the amount over a period of
two years in 9 installments.
A. Is there a bank guarantee on the assured
return?
B. Yes,
there is bank guarantee on the assured return.
13. How many years will it take for the area to
be fully developed?
A. The
major growth drivers of an area are:
1.
Connectivity:
2.
Comprehensive, efficient and contemporary
infrastructure comprising of Residential
areas, Commercial areas, Educational areas and Recreational areas.
In the case of Tech Zone
area, all these growth drivers are
already in place. An area of 5 million
square meters along
the expressway would be offered for
commercial, industrial,
institutional,
recreational and residential development.
The 165.5 kms long Yamuna Expressway
connects Tech Zone to Delhi, Noida, Gr. Noida and Agra
The development
of Tech Zone has already started. The first state-of the art Expo Mart,
511 acre Gautam
Buddha University, Formula Race Track, Night safari have speeded up the
development
scenario in the tech zone area.
14. Can I transfer my unit or is there a
lock-in period?
A. There
is no lock-in period for the transfer of a unit. The investor can transfer the
unit at any time either before or after the possession.
15. The corner or front facing PLC for office
space is 10% of BSP which comes to Rs 575/sq ft for a 350 or 500 sq ft unit.
This is quite high as compared to Earth Studio (Rs 75/sq ft). What is the reason for such a major price
difference when both are located in the same plot?
A. The
difference is that of residential and commercial property. Moreover, the
location of the IT towers will be Expressway facing, which explains the
difference in the view PLC.
16. What if I need more than one parking?
A. You can apply for the same by making an
additional payment of Rs 2.5 lacs.
17. Can I sell or lease my parking space
independent of the unit?
A. The
covered parking space is attached to the office unit, so it is not possible to
sell or lease it independently.
18. Besides the BSP + Parking + Club charges +
PLC (if applicable), what will be the additional charges attached to the said
unit?
A. The
additional charges attached to the said unit will be:
1. Common
area maintenance charges (CAM) for providing common services and facilities in
said space.
2. Contribution
to Sinking Fund (this fund will be used for major repairs or replacement or
purchase of new equipments for common use)
3. Interest
Free Maintenance Security
4. One-time
lease rental charges@Rs100/- per Sq.ft or as determined by Developer
5. Power
Backup Installation
6. Electrification
Charges
7. Fire
Fighting charges
And all other charges in accordance with the demand raised by the
Developer from time to time or at the time of offer of possession as the case
may be.
19. Is there any possibility of an escalation
in the cost of the unit after booking? Will the investor be charged for it? (for
both Earth Towne and Tech One).
A. The
cost of the unit is based on the cost of construction rates applicable on the
date of booking. If due to abnormal market
variations in the cost of construction, the increase or decrease in the cost of
construction is within the limit of 5%, then nothing will be charged or
refunded to the applicant.
However, if the increase or
decrease is more than 5%, then the total difference will be charged or refunded
to the applicant, as the case may be.
20. These are fully furnished office space;
however the list of items and term “Fully Furnished” is not mentioned in the
MOU.
A.
An annexure can be provided to the Client along with the MOU
if asked,
with the list of items mentioned in the Brochure.
21. What is the proof that the assured return
is backed by bank guarantee?
A. An
undertaking from the concerned bank can be furnished on demand.
22. What will be the mode of payment for
monthly assured return?
A. The
mode of payment for monthly assured return is ECS or cheques.
23. How much TDS will be deducted on the
assured return?
A. The
TDS will be deducted as per rate described in Income Tax Act, 1961.
24. Is the BSP inclusive of service tax?
A. No,
BSP doesn’t include service tax.
25. What do the following terms stand for:
CAM
charges: Common Area Maintenance
Charges
PLC: Preferential Location Charges
EEC: External
Electrification Charges
FFC: Fire fighting charges
IFMS: Interest free maintenance
security
26. What does LEED stand for?
A. Leadership
in Energy and Environmental Design
27. What is LEED certification?
A. LEED
is a third party certification program and nationally accepted benchmark for
the design, construction and operation of high performance green building.
28. What differentiates a green building from others?
A. The
following are some of the features which sets a Green Building apart from
others:
1.
Minimal disturbance to landscape and site
condition
2.
Use of non-toxic recycled, environment friendly
materials for construction
3.
Efficient use of water and water recycling
4.
Use of energy efficient, eco-friendly equipments
thereby reducing energy consumption
5.
Use of renewable energy
6.
Excellent indoor environment quality for human
safety and comfort.
29. What is the total length of Yamuna
Expressway from Gr. Noida to Agra?
A. The
total length of Yamuna expressway from Gr. Noida up to Agra will be 165.537kms
30. What is the name given to Formula Race
Track?
A. The
name given to Formula Race Track is ‘Buddha International Circuit.
31. What is the estimated cost of Yamuna Expressway
project?
A. The
estimated cost of the project is Rs9,900 crores.
32. Who are the developers of YEW project?
A. The
Yamuna expressway project is being implemented through Jaypee Infratech Ltd.
For More Details Contact (Consult Me If you are looking for information about Property)
Bhanu Pratap (Property Consultant)
Mobile: 9716883044
Mail: bhanu16@gmail.com
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