Quote:
Originally Posted by zohaib
Kindly ntoe that One month back, My friend wanted a plot in Greater Noida..but a ready sector...so i accompanied him and we had the following READY deals ...without intense negotiation:
1. NRI City Plot...RS. 23000-25000 per sq. yard
2. Ansals Golf links -1 (Freehold) - Rs. 22-24,000 per square meter
3. Swarn nagri - Rs 20-22,000 per sq. meter
These 3 are Top locations and will have a decent crowd unlike the other sectors which has very average crowd...
The far off sectors ETA, Sigma,etc..are having a rate of 15,000 Per square meter...Now these are sectors which are semi developed
Ansal megapolis plots (a sub city, it doesnt come under greater noida), around 6-7 kms straight from pari chowk area are going at 9-10000 per sq. yard easily
So i dont see why any buyer will give you a premium of 4-5,000 per square meter on barren land.
The semi developed sectors which are on resale now were sold by authority at very cheap prices so their investors who want 14-15,000 per square meter are still happy...because they are getting good premium.
For Zeta 2..donot expect a premium of more than 2k per square meter and if by chance you get allotted a poor location..u will have a hard time to find a buyer.
Too many brokers are in Greater Noida spl for plots..they ahve a nexus...they advertise a lot..quoting high prices...but when it comes to actual sales...they are very poor....hardly transactions are taking place...
so when an actual buyer goes with cheque book in hand...they give good prices...
We didnt negotiate much but the above prices were quoted within 2,3 days
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Yes thats the point. All prices that u mentioned are twice what u are getting in this. I am not saying this is the best in the world but definitely VFM.
Another point is the 5-year payment cycle which makes a difference on cashflow.
The location is decent and gives good returns with a 10-year scenario