Dear Venky
The concept of studio apartments is well understood - its purely for investment and these fully furnished apartments will provide an alternative for hotel rooms as they will be less costlier than hotel rooms. I believe there are'nt many hotels in Greater Noida. Besides, amount of investment is small ranging between 13-18 lacs compared to flats. These are expected to be taken on lease by various companies for their employees, visiting executives, other executive working in nearby areas, as all facilities for daily use will be available there, due to which the rental values are expected to be remain higher than normal flats.
Besides, Vardhaman Studio apartments are in Knowledge Park III - having lots of private univerties, colleges, expomart etc. I have visited the place and it is certainly not a 'jungle'. Only wanted to know about reputation of this builder.
Regards
Quote:
Originally Posted by Venkytalks
There is a misconception in this thread about studio apts.
These are supposed to be like commercial RE investment - high investment rates but with expectation of a quick return, supranormal in rate of return.
You should buy them in upcoming business centers, not in the middle of a jungle
Wait for Yamuna expressway completion and next UP govt and only then decide.
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