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curryzone · 22-06-09

Hi all, I am about to give my cheque for the 2 bed apartment in Moon Court under the subvention scheme. I have been there twice and love the place. Think the deal is good - though G. Noida has nothing to offer. My gut tells me that you cant go wrong on investing in a property by paying about 7-8 lakhs and having to pay the rest on possession. Even if the thing does not escalate, you still havent lost anything.

Contrast this to my other investment in CP2, Gurgaon. I have been paying around Rs. 1 lakhs each month as emi for the last 2 years with no possession in sight. The price of the property has fallen by about 40% and so even if possession is handed over I will never recover my losses. Imagine the situation where the builder was paying the interest - I would have had the last laugh.

I think if you guys are thinking of investing the time is right as the property is 90% complete. Not so with JP Noida. This is a dicey bet even under the subvention scheme - as the end date of the project is not certain and the subvention is offered only for 2 years.

22-06-09	#11
curryzone New Member Join Date: Jun 2009 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Moon Court - A Good Bet!! Hi all, I am about to give my cheque for the 2 bed apartment in Moon Court under the subvention scheme. I have been there twice and love the place. Think the deal is good - though G. Noida has nothing to offer. My gut tells me that you cant go wrong on investing in a property by paying about 7-8 lakhs and having to pay the rest on possession. Even if the thing does not escalate, you still havent lost anything. Contrast this to my other investment in CP2, Gurgaon. I have been paying around Rs. 1 lakhs each month as emi for the last 2 years with no possession in sight. The price of the property has fallen by about 40% and so even if possession is handed over I will never recover my losses. Imagine the situation where the builder was paying the interest - I would have had the last laugh. I think if you guys are thinking of investing the time is right as the property is 90% complete. Not so with JP Noida. This is a dicey bet even under the subvention scheme - as the end date of the project is not certain and the subvention is offered only for 2 years.