Thread: Noida Extension
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Old 02-09-10   #181
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Quote:
Originally Posted by zestynasha View Post
I think investment in noida ext is a waste as there is a huge supply of residential units there with very less demand...development should occur in a phased manner..otherwise it could prove to be a bubble in real estate..currently there is a race going on between different builders to launch there project in noida ext...and it would take atleast 5-7 areas for this area to become liveable...i think the rates will fall in 2-3 years in noida ext..after the hype generated by the builders gets settled down..and they have collected huge amount of down payment by luring customers...those who have bought flats there for investment purpose only will find it very difficult to sell it and would get struck in these projects...yes those who want to live there in 3-4 yrs..for them i think its a fair deal if the builder delivers on time...for investment it is too risky..
I agree. With so many projects being announced every other day, there is bound to be a huge oversupply in GN & in the next 2 to 3 years, GN is heading for a bubble burst (if i might call it that. I would rather say price correction, since bubble buildup/bubble burst is one of the most abused/misused words in this forum)
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