HYDERABAD Phase III

UPDATE ON AFNHB PROJECT HYDERABAD PHASE III

1. Please refer the allotment letter for of dwelling unit in Hyderabad Phase III project.

2. You will be pleased to know that after considerable sustained efforts, AFNHB has finally obtained the land use conversion from industrial to residential. AFNHB has also been able to complete the tendering process of the project for which 12 contractors of national repute were prequalified and sufficient competition was generated. AFNHB has been able to obtain competitive bids from six bidders of repute and with fervent efforts, the tentative revised cost of the dwelling unit has been contained as indicated below:

Type of Dwelling unit Area	Approx. Super Area (in Sq ft)	Tentative cost (Rs. In lacs)
A1	1600	Rs.27.75 lacs
AII	1300	Rs.23.00 lacs
B	800	Rs.14.75 lacs

3. There is indeed a substantial increase in the cost as against that anticipated at the time of the launch of the project in year 2003. However, considering the sharp increase in the material cost during past few years, the cost now emerged is still highly competitive. New cost has been worked out by taking the original land cost as of 2003, into account. Despite this, any allottee who desires to withdraw from the scheme may submit his unwillingness by 30 Nov 07. No withdrawal charges shall be levied on such allottees and as a special case and an interest @ 3.5% shall be given on their deposited amount.

4. The revised schedule of payment shall be as follows :-

PARTICULARS		CATEGORY
Type of DU		A-I	A-II	B
Tentative Cost (A) (Excl Adm charges)		27.75	23.00	14.75
Installments already called	Due Date
Registration Fee	17.02.04	1.00	1.00	0.50
I	02.09.04	2.50	2.00	1.25
II	02.12.04	2.50	2.00	1.25
TOTAL (B)		6.00	5.00	3.00
Balance Due (A- B)		21.75	18.00	11.75
Revised Installments:
III	27.11.07	3.50	3.00	2.00
IV	25.03.08	3.50	3.00	2.00
V	25.07.08	3.50	3.00	2.00
VI	25.11.08	3.50	3.00	2.00
VII	25.03.09	3.50	3.00	2.00
VIII	25.09.09	4.25	3.00	1.75
TOTAL (c)		21.75	18.00	11.75
TOTAL COST (B+ C)		27.75	23.00	14.75

Note : Cost of parking/LTMF/VAT/Service Taxes shall be extra and collected at the time of possession. (Prevailing VAT & Service Taxes are 4% each on the contract value)

5. The demolition work of existing industrial structures has been completed. The plan approval is being actively persued and likely to be obtainedin the near future. Allottees may contact the Project Director, Wg Cdr PR Prasad on his Mob No. 9849021343 for further details of plan approval.

(Sandhya Saxena)

Asst Director (Admin)

for Director General

HYDERABAD Phase III

UPDATE ON AFNHB PROJECT HYDERABAD PHASE III

Tentative cost

A1

AII