ashish_gupta

Also ATS for 1700 sqft rates are i think 64-65 lacs..

gaumal123

Have the prices corrected downwards in Gr.NOIDA after the recent news that the Airport project has been scrapped?

I have a flat in ATS and broker says that the prices have corrected by 15-20%

Please provide info.

zohaib2012

Prices and demand of all RTM Flat Properties had gone up due to Noida extn issue....its a matter of time that it will be solved...and once that is done....many Buyers will go that way...that will have a negative impact on the regions Flat properties.

ATS has a pretty average location and new projects coming in chi phi are having better location and much lower rates.

The Flat sizes in ATS are Big and require upfront 100% payment....which is not comfortable to most MIG buyers....and in Greater Noida....nearly all the buyers are MIG group.

ATS was using the Noida extn issue to rake up prices .....but they are not sustainable.....

The Investor is always impatient.....the more he waits in a not so progressive location.....the more chances he loses in other progressive locations.

I know people who sold ATS paradiso a couple of months back and re invested in Projects on Noida expressway.....their investments have given much much better returns in past few months.....

I really recommend Gnoida flat INVESTORS to exit and pick up somehwere else.....Flat prices in Gnoida are going nowhere....Its only a plot investors market or flat end user market

Flat investors from this region SHOULD LEAVE....else even Ghaziabad will be out of reach for them !!!!

xs2sandeep

Hi Zohaib,

I own one 2BHK + study unit ( 1147 sq ft) in JM Orchid sec 76 project. I buy it around 3200 per sq ft all inclusive. Should I sell it now or should I sell it before possession. I think possession will take place in Dec, 2013.

Which is the best investment in RE these days?

Thanks & Regards,

Sandeep Arora

peaceforall

Could you please share the current occupancy.? Is there any shuttle service? Current rates? Pros and cons of buying it now.

Have you shared the interior pics in some thread? May be I missed it.

Thanks in advance.

palash57

Actually....MIG junta pays only on 100% upfront basis..as they get 80% loan and 20% own money. Bank releases all the money at one go, and buying under construction property on bank loan is more hassle compared to buying RTM property on bank loan.

But flat prices in Greater Noida are not expected to go up.

Managing CLP payment on loan is big hassle... but MIG ppl take that option to reduce risk. Otherwise, for discounts..they prefer Downpayment plan.

palash57

There is no shuttle service, It is well occupied.. know lot of ppl who are living there , but say that feeling is that of living in jungle (their words) but gentry is very very good in ATS

Here are pics in ATS paradiso.

https://picasaweb.google.com/delhi07...erNoidaUPIndia

zohaib2012

There is absolutely nothing in a radius of 1 km from it

After sunset or middle of afternoon u will not find anyone..

Whereas in other regions like pari chowk. flats around AWHO....even at 8-9 at night...there is enough traffic movement

Crowd of this project is like any other crowd in any decent society of noida...but yes compared to sectors in Gnoida like alpha, beta where students and ex-farmers, locals live...its good (as per Gnoida standards)....

Lastly...paying 100% down by MIG segment is a big prpblem...and what u r talking about loans from bank doesnt make any sense AS

In RTM 100% payment...a HUGE percentage will be BLACK (CASH) which neither MIG has.....nor any bank finances.

palash57

100% downpayment means seller gets all money 100% UPFRONT ..Right???

when you take a loan from Bank..Bank sanctions LOAN MONEY UPFRONT IN NAME OF SELLER . (80% Of circle rate house value)..Buyer puts in 20% .

It will actually a issue a demand draft in name of ZOAHAIB for 80% (or whatever you ask)

Seller get gets 100% PAYMENT UPFRONT.. (20% BUYER + 80% BANK CHEQUE in his/ her name) ..

Where does black comes in ..? PPl. play with registered value to save on stamp duty... 65 Lakh gets registered for 50Lakhs... Buyer pays 10 lakhs + 15 lakhs + 40 lakhs (bank loan)

Buyer component can be cash or demand draft.. depends on sellers preference. That's all..

Hence so many people from Delhi are buying in Noida/Greater Noida/ Gurgaon as they are LOANABLE properties.. 90% of Delhi inventory is based on GPA ..not loanable.

Like ..we (MIG) need to think your (Businessman) way.. you need to think from MIG point of view too.

palash57

And getting a loan on RTM is breeze for right approved project...(assuming person salary meets that criteria)

-You start paying loan installment instead of rent next month onwards in RTM.That's IP rates have gone up after NE fiasco.

- And 20% down payment to bank needs to be given even if one is buying a under construction property.