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Real Estate Faqs

Real Estate Faqs

Question. What is the initiative of Colors Housing?

To provide Modern Living for a Modern Society.

Colors Housing Society has been formed for the development of residential apartments catering to Delhi’s community in need of affordable housing. We understand the importance of modern living habits at affordable pricing. Our initiative focuses on delivering quality construction combined with modern facilities to ensure a hassle free lifestyle. We have identified Delhi’s largest sub city L-Zone as our area of focus, as it offers excellent potential for future homes for our members.

Question. What is the background of the Management Committee of Colors Housing?

Together the primary team forms a strong base for the society having a combined skill-set equipped to lead and manage this project to completion. With a strong background in construction, project management, fund management, land acquisition and approvals, the management committee will be competent in ensuring the society is well guided. Having worked together on various business ventures, their understanding and strengths will enable them to take actions and decisions keeping in mind the common goal for the benefit of our members.

Question. Where is Colors Housing Society located?

Colors Housing Society is located in L-Zone, Delhi-71, more specifically at the revenue estate of Chhawla, just 3KM from Sector 21 Metro Station, Dwarka.

Prime Location

  • 5 Minutes Drive from Sect 21 Metro St., Dwarka.
  • 5 Minutes Drive from Diplomatic Enclave.
  • 5 Minutes Drive from DDA Golf Course.
  • 10 Minutes Drive from IGI Airport & NH-8.
  • 10 Minutes Drive from upcoming AIMS-II.
  • 20 Minutes Drive from Gurgaon & Dhaula Kuan.

Key Landmarks

  • Nirmal Dham – 100M
  • UER-I & UER-II – 500M
  • Chhawla BSF Camp – 1KM
  • Sector 21 Metro Station – 3KM
  • Dwarka Underpass – 4KM

Key Point of Connectivity

UER-I & UER-II: 80M & 100M Urban Expressway
connecting NH-1 (GT Karnal Road), NH-10 (Rohtak
Road), NH-8 (Jaipur) and NH-2 (Mathura-Agra Road).

Question. Why are we focussed on L-Zone?

L-Zone is the largest of the 15 new zones in Delhi under the Master Plan 2021. It is extremely well connected being located in south west Delhi, adjoining Dwarka and just a stones throw from IGI Airport. It is soon to be home to Delhi’s new Golf Course, Aims-II and just a short drive from the Diplomatic Enclave, upcoming ISBT, NR Mega Terminal, high end universities and a hierarchy of healthcare facilities. It is in close proximity to Sector 21 Metro Station and also Phase IV of the proposed metro extension plans will reach to L-Zone. We have also received unprecedented demand for housing in L-Zone due to its prime location offering easy access to Delhi and Gurgaon via the extensive network of highways.

Question. How does Colors Society differ from other Housing Societies?

Colors Housing Society was formed keeping one major initiative in mind; Modern Living for a Modern Society. Hence we have launched the first housing project with an SOS Command Centre with 24x7 Doctor on call, electrician and plumbing services. We have truly considered the future needs of our metropolitan residents and have designed a project to satisfy such needs, while maintaining the natural greenery of the surroundings.

  • Gated Secure Complex
  • Finish includes POP, paint, flooring, ceiling, lights and fans.
  • Waiting lounge in lobby.
  • High speed elevators; separate passenger & service.
  • Design concept enhances natural light & ventilation.
  • Exclusive Residents Clubhouse with Party room & Yoga Zone.
  • Fully fitted gymnasium & swimming pool.
  • Jogging track, basket ball & table tennis.
  • SOS Command Centre with 24x7 doctor on call, electrician & plumbing services.
  • International Standard Security Systems with CCTV.
  • Children’s play ground with safety features.
  • Designer landscaped gardens embellished with lighting.
  • Designated Residents & Visitor Parking.
  • Provision for piped gas, wireless internet facility etc.
  • 24x7 100% Power Back up & Water.

Question. Why to invest in Colors Housing Society?

Colors Housing has recently launched a new housing scheme for membership by the name of Regalia. At Regalia we endeavour to provide Pristine Peaceful Living. Our design concept fulfils all the modern requirements to achieve a tranquil and hassle free living environment. We have incorporated new and innovative security and safety features to give peace of mind to our members with our SOS Command Centre with 24x7 Doctor on call, exit & entry control system and CCTV. Our abundance of facilities shall ensure a healthy and active lifestyle with our exclusive clubhouse with yoga zone, gymnasium, swimming pool & kids play zone with safety features. Not to mention our tree lined community with paved walkways and embellished lighting. As we are offering a choice of two furnishing packages, members will have the option to furnish as per their taste and budget. With a proven track record in delivering such housing societies, Colors has the necessary skill set to bring this project to completion.

Question. Does Colors Housing Society have all Statutory Compliances in place?

Yes, the registration certificate of Colors Housing is available on our website and brochure. All supporting documents are available on request at our Head Office also.

Question. When will the land be surrendered to DDA?

On 29th January 2014 DDA issued the draft operational regulations for the surrender of land. It is expected that further steps regarding the surrender of land shall be issued in the coming 3-4 months and Colors Housing shall comply with the steps and process as laid out by DDA.

Question. What is the expected timeframe for completion?

Construction is likely to begin in 2015 and the project is estimated to be completed in 36-48 months from the start of construction.

Question. What if the project gets delayed?

It is important to remember that this is a Society and the Management Committee is a representative body for the members; hence we will only be acting in the best interest of its members to promote a timely delivery of the society.

Question. When will the registry take place?

The property registration shall take place once the member has completed their full payment and the project is ready for possession handover.

Question. Can I sell or transfer my rights after possession?

The member can transfer his/her membership by replacing themselves with a new member, at any time. There shall be no transfer charges. An NOC will be required before the transfer of membership.

Question. Do we get any discount on down payments as given by other developers?

Members who complete their payment for Land Cost within 30 days from booking shall fall within the first batch and hence the reduced Land Cost shall apply to those members.

Question. What is the payment schedule?

Stage 1 Land Cost Payable Upfront within 30 or 180 days from booking.
Stage 2 Construction Cost Payable once construction begins as per the Construction Linked Payment Plan.
Stage 3 Car Parking @ Rs. 2 L per car park Payable as per the Construction Linked Payment Plan

*Annual Operations & Membership fee for Society @ Rs. 11,000 per annum

Question. Is it possible to get a loan for the property?

Yes it is possible to take a loan. Once the draw has taken place and the unit number has been allotted, a loan may be obtained for up to 80-90% of the overall cost. Hence the initial payments for Land Cost will need to be made without loan facility.

Question. Is the price justified?

Yes, infact the price is very affordable when comparing with other Delhi locations, not to mention other NCR areas. Colors Housing Society has derived such pricing keeping in mind the needs of those wishing to own a home in Delhi which suits their financial budget. In keeping with our initiative we have incorporated all the facilities to ensure a truly peaceful yet modern living environment. With a Delhi -71 address and just 3 Km from Sector 21 Metro Station, and 20 minutes drive to Dhaula Kuan & Gurgaon, it is more affordable than areas like Kundli and Bhiwadi, which are far less well connected & where minimum prices start from Rs. 2,800-3,500 per sq ft. The price can only be described as unchallenged, considering that house prices in Delhi start from approx. Rs. 7,000 per Sq. Ft. onwards with limited facilities, & often challenges with parking, water & power. This concept of modern living with 24x7 doctor on call, swimming pool, gym etc, is rare to find in this price bracket, and also are rarely offered in Delhi. For reference, the table below will help you in giving a comparative analysis of Delhi and NCR’s upcoming locations.

Minimum Residential Prices
Delhi Rs. 7,000 – 25,000 per Sq. Ft.
Gurgaon Rs. 4,500 – 14,000 per Sq. Ft.
Noida Rs. 4,000 – 8,000 per Sq. Ft.
Kundli Rs. 4,000 – 8,000 per Sq. Ft.
Bhiwadi Rs. 4,000 – 8,000 per Sq. Ft.

*Excluding PLC, Electrification Charges, Car Parking, IFMS, Clubhouse Charges etc.

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