HUDA Scheme: Residential Plots in Faridabad

huda logo1 Haryana Urban Development Authority has launched a scheme to allot freehold residential plots in Faridabad and other areas like Sonipat, Rohtak, Bahadurgarh, Ambala, Jind, Hisar and Palwal.

Though the scheme is launched for various urban areas, the center of attraction is the allotment of 1,969 plots of various sizes in Faridabad.

Salient Features of the Scheme

  • Faridabad is an integral part of the NCR region and has good connectivity and proximity to Delhi. Though the region has been sluggish as compared to other NCR regions like Gurgaon is terms of appreciation in real estate prices, it does offer ample scope as there are talks of modernization of Mathura Road and work on Badarpur flyover as well as access to Metro in near future will provide facelift to the area.
  • Crime Rate in Faridabad is far less as compared to other popular regions in terms of real estate development like Noida and Ghaziabad.
  • The Rates offered in HUDA Scheme are quite competitive and offer even a good long term investment opportunity for those who want to invest in real estate to create wealth.
  • HUDA Scheme offers facility of payment in Installments. 10% Payable at application, 15% within one month of allotment and balance in Six equal Annual Installments.
  • Interest @5.5% per annum on the amount of earnest money for period beyond six months of closing date of scheme if the draw is not held and earnest money not refunded within this period.
  • Allotment will be made through draw of lots.
  • Any Individual can apply under the scheme provided he has not been allotted a plot of land directly by HUDA in the concerned Area. If you want to apply under reserved category, you must be a domicile of Haryana.

Concerns on the Scheme

  • You earnest money could be stuck with HUDA for as long as Six months without interest and thereafter @ 5.5% p.a. interest.
  • Development on Delhi-Mathura Highway and completion of Badarpur Flyover/ Access to metro is the key to next phase of price appreciation in the region and any delay on this front can take the sheen away for the investors.
  • Faridabad is grappling with pollution like other NCR regions. All the areas of the Faridabad including residential areas, industrial areas and silence zone are in the grip of air pollution. A part of it can be blamed to its initial planning as an Industrial township. Even the quality of water is a area of concern as a recent study has found water levels to be highly polluted and unfit for drinking.
Conversion of Marla in Sq. Mtr., Sq. Yard and Sq. feet

Since the HUDA brochure talks in terms of Marla , you can refer the table below to see the equivalent size of plot in various dimensions

conversion

Download HUDA Application Form (remember to include additional Rs.100 while preparing the earnest money draft if you are using the downloaded version of application form)

Download HUDA Scheme Brochure

Last date of Application : 05-01-2010

Update : 04-01-2010

The Last date of Application has been extended to 06-01-2010

92 comments:

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Rajesh,
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Thanks!

Anonymous said...

What is the scope of appreciation from offer price ?

Anonymous said...

I think the current price offered by HUDA is about 60% of market price (at least in FBD area).

It's kind of lottery (high priced one). If you got the plot, you really have a money earner.

Anonymous said...

Where to submit the form ?
I am applying in Faridabad region. But nowhere it is written (not even in application form) how to and where to submit the form.

I went to HUDA estate office, Faridabad. They aksed me to go bank as they are not accpeting the form.

Where to sumbit the form if i am not taking loan for the earnest money?

I am not going to take a loan for the earnest money. Am i making a good decisson?

Sumit Goel said...

Hi It's being long we haven't heard from you on the stock market situation .. is it still right time to invest in stock? .. will market still go up ?...if so ..Till what level it would go up as per your calculations.
Thanks
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Anonymous said...

Can you please advice on which type of plot should one apply ?

Anonymous said...

The installment scheme carries interest @12% which is much higher compared to a Banl Loan which is available at 8.5%. One should avoid getting trapped in the scheme.

Manav

Anonymous said...

HUDA scheme earnest money is very high...6 months No Interest...and if the draw is delayed the money is stuck at 5 % interest..risky scheme.

Unknown said...

News of scheme getting extended till 31-Jan-2010? Can somebody please confirm.

Unknown said...

Any news of Response to this Scheme ?

I heard HUDA is going to earn crores of rupees just from sale of applciation forms and another 100 crores from interest on EMD.

Unknown said...

Dear Sir,

Wish you a Happy and prosperous and eventful new year ! Hope to see lot and lots of posts from you this year. What is your thought on Makets now ? will they go up further from these levels ?

regards,
SG

Anonymous said...

Hi

My opinion is that its not worth invsting in this scheme as the plots are very less on top of it lot of plots have been reserved for various catogories. Its better to invest in apratment from privste builder where in you can get confirmed allotment & then you can sell the same after 1 year with reasonable profit. See the property prices have already risen to the extent of Rs 500- Rs 800 psf in the last 6 months. If you invest in confirmed allotment then you would easily get Rs 200-300 psf by the time the result of this draw comes if it doesnt get delayed.

Doesn't make sense to put your money in this unless you have some setting inside HUDA whereby you can get allotment.

Regards

Mukesh said...

What is the sense in blocking the money of public for 6 months ? Why can't HUDA declare the result in one month of closing the scheme ? I agree with comments above and we should boycott such schemes so that the govt. authorities stop this indrect way of making money from the hard earned money of general public.

Mukesh Gupta

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Unknown said...

Pl. give the bank no. through which I may apply for HUDA plots scheme
Kamal thakur
09873605679
Faridabd

Anonymous said...

you can go to Axis bank or ICICI bank in Sector 16 A. Both banks have put up Capms outside their branches for financing the application amount.

Anonymous said...

HARYANA URBAN DEVELOPMENT AUTHORITY
PUBLIC NOTICE

This is for information of the general public that due to public holiday on occasion of Guru Gobind Singh’s Birthday on 05.01.2010, the closing date for receipt of applications for HUDA Residential Plots in various Urban Estates / Mandi Townships shall be 06.01.2010 instead of 05.01.2010.

Chief Administrator,
HUDA, Panchkula.

Anonymous said...

i think more then 2lakhs applications are received by huda

Anonymous said...

More than 8 Lacs+ Applicants have applied. More than 70% have applied through financing from banks.

Anonymous said...

i have confirm news that only 25000 application form are sold by huda dept.

Anonymous said...

can any one tell about how much applications are received by huda

Anonymous said...

kindly tell me when is the draw result expected for the faridabad scheme 2010....

Anonymous said...

kindly tell me when is the draw result expected for the faridabad scheme 2010....

pushkala

Unknown said...

No date of draw finalized by huda. Still waiting. I think first of all HUDA will declare the perfect applications eligible for draw, hence eliminating the duplicates. I am also waiting for the draw date and pretty sure that the draw will not be a honest task like the DDA draw. But, just to try out their luck, everyone is waiting

Unknown said...

kinly tell me how many applications are recieved in ambala plots??and when is the draw expected to be??

Anonymous said...

@Himanshi, You have to file a RTI to get this information before public declaration. they may also respond to you by informing that the application count is still in progress.

Shujat

Kirat said...

Draw is expected in the month of July though no official confirmation has come.

kirat said...

Draw is expected in July 2010 though official confirmation has not come

Unknown said...

HOW DO I DOWNLOAD THE APPLICATION FORM FROM NET

Anonymous said...

can somebody tell me as to when is HUDA going to display the names of successful applicants that is those whose applications have been accepted to begin with

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mutual fund in india said...

Thanks for sharing this information on HUDA. Hoping you will be there updates.

confused soul said...

Hey people I have also applied for Residential plot in Jan 2010 HUDA scheme but still clueless about the draw/allotment of plots.
Can anyone help me out.
Please

Sukhdeepak said...

This must be open to those who do not have their own residential houses. Not to those who have many houses and surplus money they want to invest. In this way richer are growing more and more rich.

Anonymous said...

Any update regarding Draw date

Unknown said...

anyone know when huda is going to declare the names of successful applicants

Anonymous said...

Draw for Faridabad & Palwal will held on 21.6.2010, please see the News Section of HUDA Website.

But when the draw for remaining Urban Estates of the same scheme will be declared??

Rajiv Gupta said...

CAn anyone tell me in how much time the earnest money will be credited to the applicant account??

Manoj said...

Result of Rohtak Plots Draw held on 17th June,2010

http://huda.nic.in/Result%20of%20Draw%20of%20lots%20of%20Rohtak_17jun10.pdf

FOR FARIDABAD AND PALWAD PLOTS, DRAW WILL BE HELD TODAY EVENING. YOU CAN CHECK HUDA WEBSITE TOMORROW FOR THE RESULTS.

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Anonymous said...

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Anonymous said...

What is the Primium for HUDA faridabad Plots??

Property Advisor said...

I think to invest in the residential plots is the safest option for investing.I think this scheme is very much effective.

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Haryana Urban Development Authority said...

Thanks everyone for writing this post and making us aware of everything going on in HUDA today. Every member is discussed about what they know.Please keep some sharing. It is nice.

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