Demand Reducing in GN - Will Property Price Fall here ? - Indian Real Estate Forum

noida_balak · 08-08-12

Hi Friends,

Lately while searching for a property in greater noida, I got a feel that demand is lot lesser than availability. Reason I am saying that is because
(1) I have so many good options to choose from
(2) Most of sellers are ready to negotiate (even for good properties)
(3) No major rush from buyers in region

Although it is good for me but I was just wondering am I buying at the right time, fear is due to above reasons prices may fall.

Suggestions or experiences from other potential buyers are much appreciated

cheers,
Rahul

ADIT11983 · 08-08-12

The same holds true for most of NCR except Gurgaon..which has holded up nicely but slowly it will also go the same way

LiftKaraDe · 09-08-12

Quote:

Originally Posted by noida_balak

Hi Friends,

Lately while searching for a property in greater noida, I got a feel that demand is lot lesser than availability. Reason I am saying that is because
(1) I have so many good options to choose from
(2) Most of sellers are ready to negotiate (even for good properties)
(3) No major rush from buyers in region

Although it is good for me but I was just wondering am I buying at the right time, fear is due to above reasons prices may fall.

Suggestions or experiences from other potential buyers are much appreciated

cheers,
Rahul

Are you looking for flats or plots and in which sectors ?
May be you are getting too many options because you have narrowed down your choice of sectors.
If you focus on one/2 sectors then sully will be limited and it will be easy for you to narrow down and negotiate.

cheers,

mikman · 09-08-12

What is the rate of a 3 bhk in unitech horizon? i m looking to buy one in it.

cookie · 09-08-12

Quote:

Originally Posted by mikman

What is the rate of a 3 bhk in unitech horizon? i m looking to buy one in it.

around 50 L ....

ADIT11983 · 09-08-12

it has come down by 2 lakh in one year...please hold your buy for another 6 months, further correction may come. Failing moonsons will have good impact on the economy and on RE for sure

ashish18 · 09-08-12

Quote:

Originally Posted by mikman

What is the rate of a 3 bhk in unitech horizon? i m looking to buy one in it.

I think, If you try hard its possible to get it in 45 lacs. G. noida is very good for prospective property buyers right now.

ashish_gupta · 10-08-12

i dont know abt the other properties but rates have risen for good properties. 1 year back 3BHK at purvanchal heights was costing 57-58 Lacs..but now when i see magickbricks..rates are hovering around 70L..

noida_balak · 10-08-12

Quote:

Originally Posted by ashish_gupta

i dont know abt the other properties but rates have risen for good properties. 1 year back 3BHK at purvanchal heights was costing 57-58 Lacs..but now when i see magickbricks..rates are hovering around 70L..

Ashish, could you share more details on what size, floor etc you are talking?

Reason for asking this is I can see many such properties in GN region but no takers buyers, to me property price does not mean 1 sale, it means 5-6 consistent sale in same price.

noida_balak · 15-08-12

OK I believe many brokers are hurt due to my post ..

Let me ask them to post number of plots they sold in month on July. Please genuine numbers only ..

08-08-12	#1
noida_balak Member Join Date: Feb 2011 Posts: 62 Likes Received: 5 Likes Given: 9 My Mood:	Demand Reducing in GN - Will Property Price Fall here ? Hi Friends, Lately while searching for a property in greater noida, I got a feel that demand is lot lesser than availability. Reason I am saying that is because (1) I have so many good options to choose from (2) Most of sellers are ready to negotiate (even for good properties) (3) No major rush from buyers in region Although it is good for me but I was just wondering am I buying at the right time, fear is due to above reasons prices may fall. Suggestions or experiences from other potential buyers are much appreciated cheers, Rahul

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08-08-12	#2
ADIT11983 Member Join Date: Jun 2012 Posts: 398 Likes Received: 25 Likes Given: 49	The same holds true for most of NCR except Gurgaon..which has holded up nicely but slowly it will also go the same way

09-08-12	#4
mikman Member Join Date: Feb 2010 Posts: 58 Likes Received: 0 Likes Given: 0	What is the rate of a 3 bhk in unitech horizon? i m looking to buy one in it.

10-08-12	#8
ashish_gupta Member Join Date: Feb 2011 Posts: 78 Likes Received: 2 Likes Given: 5	i dont know abt the other properties but rates have risen for good properties. 1 year back 3BHK at purvanchal heights was costing 57-58 Lacs..but now when i see magickbricks..rates are hovering around 70L..

15-08-12	#10
noida_balak Member Join Date: Feb 2011 Posts: 62 Likes Received: 5 Likes Given: 9 My Mood:	OK I believe many brokers are hurt due to my post .. Let me ask them to post number of plots they sold in month on July. Please genuine numbers only ..