Happy Nest second phase booking date has been announced by AP – CRDA
Commissioner Ch Sridhar. The 2nd phase online bookings for 900 flats in
blocks D to L will start on 10th December 2018. The online booking will go
on till all the flats are booked. The buyers have to book the flats online only
by paying the advance booking amount online. The project is located at Nelapadu in Guntur district of Amaravati. CRDA has also announced Happy Nest Series 2 launch after the completion of Series 1 project.
Flash News: Happy Nest – Series 2 and Series 3 Launch Details
Area of Flats:
2 BHK and 3 BHK flats are available in Happy Nest Apartments. The flats
are designed on smart home concept and 80 percent of the total area of 14
acres land will be designated as green area. The online booking will be
opened on www.happynest.live .
Also Read: Happy Nest Flats and Bank Loans Facility
Advance booking amount:
The area of flats are ranging from 1225 sft to 2750 sft. The booking amount
depends on the area of the flat. The minimum booking amount is Rs.2.5
lakhs and maximum booking amount is Rs.7 lakhs. This has to be paid
online only through www.happynest.live at the time of online booking of
flats.
Allotment Procedure:
Flats will be alloted on the first come first serve basis. Buyers can check the details of floor plans, flat dimenstions, flat plans, layout, price of the flats including amenities, taxes like GST, registration etc on happynest.live . Whoever pay the booking amount first will be alloted the flat. If more than one buyer pays the booking amount for the same flat, the booking of first payee will be considered and the amount of other buyers will be refunded. They can try for other flats in the project.
Also Read: Happy Nest Booking Requirements for NRIs
Booking Amount:
| 1225 Sft | INR 250,000/- |
| 1295 Sft | INR 250,000/- |
| 1510 Sft | INR 300,000/- |
| 1590 Sft | INR 300,000/- |
| 1630 Sft | INR 350,000/- |
| 1710 Sft | INR 350,000/- |
| 1870 Sft | INR 400,000/- |
| 1980 Sft | INR 400,000/- |
| 2120 Sft | INR 500,000/- |
| 2245 Sft | INR 500,000/- |
| 2640 Sft | INR 700,000/- |
| 2750 Sft | INR 700,000/- |
Amenities and Other Charges:
| Basic Selling price | INR 3,492 per Sft |
| Car Parking | INR 200,000 per Unit per car park |
| Club House Charges | INR 175,000 per Unit |
| East Facing Preferred Location Charges | INR 50 per Sft |
| Floor Rise Preferred Location Charges | INR 20 per Sft from 5th floor |
| Infrastructure Development Cost | INR 175 per Sft (Sewage and Drainage Systems, Electrical Works, Water Supply, Roads etc.,) |
| Corpus Fund | INR 100 per Sft (non-refundable) |
| Maintenance Charges | INR 3 per Sft charged for 24 months |
| 12% GST applicable on basic unit cost, car parking, PLCs (Preferred Location Charges) and infrastructure development costs. However, based on the reconciliation of accounts at the time of registration, final GST amount shall be arrived at and the difference in the GST amount, if any, shall be adjusted in the last payment. | |
| 18% GST applicable on maintenance charge collected for 24 months @3 Rs per sft per month on saleable area | |
| Agreement for Sale registration charges include 4% of Sale Consideration towards Stamp Duty and 0.5% towards Registration Fee, subject to a maximum of Rs. 20,000/- | |
| Conveyance / Sale Deed registration charges include 7% of Sale Consideration towards Stamp Duty and 0.5% towards Registration Fee. | |
| * Units with saleable area less than 1870 sq.ft shall have one mandatory car parking and units with saleable area 1870 sq.ft and above shall have two numbers of mandatory car parking. | |
Payment Schedule:
| Booking Advance | As mentioned Above |
| Payment at the time of signing the Agreement for Sale | 10% (10% inclusive of the Booking advance paid) |
| Completion of Podium Floor Slab | 15% |
| Completion of 5th Floor Slab | 15% |
| Completion of 10th Floor Slab | 15% |
| Completion of 15th Floor Slab | 15% |
| Completion of 19th Floor Slab | 15% |
| At the time of Registration of Conveyance / Sale Deed | 15% + Corpus Fund + Maintenance charges |
| Total | 100% + Corpus Fund + Maintenance charges |
Project at Nelapadu – Amaravathi:
AP – CRDA has launched Happy Nest Apartment project at Nelapadu in
Guntur district. The project is very close to the upcoming AP Assembly,
Secretariat and major Administrative and residential buildings. The CRDA is promising a huge 50000 sq.feet club house for the residents of Happy Nest, apart from the several other top class amenities.