Executives of Indian Oil Corporation Limited, ONGC along with others Executives have formed a society in the name and style of Indian Petroleum Executives Sahkari Awas Samiti Ltd. The Chief function of the society is to provide residential Flats to its members at lowest possible cost by eliminating the builder's profit margins. This Society was conceptualised under active guidance of Sri H M Vyas former GGM and Head Infrastructure ONGC.
Please note that various Energy & Petroleum Companies have built numerous outstanding group Housing Societies for the employees, family and friends of ONGC, Indian Oil, HPCL, BPCL, OIL etc., not only in Delhi & NCR,( Dwarka, Gurgaon, Noida) but also Pan India.
While the all inclusive builder's projects in this are promoted in the price range of about Rs. 4000 to Rs 5000 per sq. ft. This gives immediate good appreciation to the members. As Society will work in no profit and no loss basis, the estimated cost for the proposed project by the society would be about Rs 2,400 per sq. ft. plus cost of car parking at actuals and the possession would be given in about three to four years from start of Constructions. As the Society will not charge any PLC, floor preferences etc. and the floor wise allotment of flats are done on lottery basis, thus making IPESAS project as cheapest project in Sports City, Yamuna expressway. Builders price have been taken from M/s Investors Clinic, one of the top channel partners of all leading builders. (The comparative sheet of various projects in proposed area is enclosed).