aryan_ind

Hey
I am a NRI based out of US, I am looking to invest 35-40 Lakhs in real estate in Noida/Greater Noida region. I have one dilemma, shall I invest in GN and
1) get a ready to move in apartment
2) Put in on rent which will fetch me around 5-8K per month
3) I am assuming a 6-10% appreciation over 5 over years on the base Flat price

With this approach the builder risk is less as the apartment is already constructed

Other option is to book an apartment in Noida possession of which would be somewhere in 2011-2012, the benefit of this approach ( I am assuming) would be
1) More appreciation - 10-14%
2) Better Locality compared to GN

I want to know from the fellow members of this forum, what in their opinion is a good approach. Personally I am a low risk taker.
Thanks

Nisardel

Dear Aryan_ind,

The RE dynamics have changed in India quite a lot. In NCR, GN is no longer the hot-property area. Based on your requirements, better to go for new projects in Noida or Gurgaon.

search2010

Dear

GN is very good city but prices depends on lot of other factors. Good thing about GN is that Wipro is planning to start campus with full speed in next 1-2 years, Recently Exl(biggest BPO of NCR) is planning to shift to GN.Similarly lot of other companies coming on express-highway. All big institutes are already working there.

But only big thing missing is good commercial shopping malls and few more industry to come. In next 1-2 years , few malls will be operationals and it will increase the activities in GN.

If you are looking for pure investment then it is not bad idea to put money there but you have to take a long term vision in that area.

If you are putting money in GN then try to put only near to Pari chock as it will be the only most happening area in that area.

Now coming back to Noida, yes definately it is area to invest because already companies are in this area and area is developed but rates are little bit high.

if we compare to ready to move flats rates in NOida/GN then it is better to invest in GN because returns are better. Good flat in NOida (ready to move) will cost you around Rs 4500-5000/sq ft however with same builder you can get flat in appro. 2500 /sq ft(including all charges). Now this difference of Rs 2500/sq ft will make your flat of size 1500/sq ft around 37.5 Lakh costly and you will get rent of approx. 8K-10 K more.

In GN, You can invest in Eldeco or ATS as they both are goood. In ATS only disadvantage is that place is little bit empty .

In Noida, You can invest money in Gardenia, 3C or GC Project. These 3 projects are good for investment/stay purpose.

You can ping me if you need more information.

Regards

vaibhav_arora

Hi Aryan

If you intend to live there, look at Noida. If investment is the sole motive, GN would be a better option as your approach (putting it on rent, etc) is the right one. You can offset some of your costs by doing so, plus lower risk of delayed delivery since you would get the apartment upfront. Also, you can be assured of what the apartment is like. With this budget, you would get something decent in GN, but something not so great in Noida.

regards

Nisardel

GN looks better in terms of rent/investment, however, most of the people have bought property in GN that there are hardly any genuine buyers.

feroz57

I am interested to invest in 2 BHK+St in Ajnara in Noida 121. Can any one give me the best quote. I am waiting for your responses.

Nisardel

Hii Feroze,

You can go to the dealers directly, one of them is Innovations, based in sec 57, Noida.

Nisardel

Also look carefully!! Everyone is buying for Investment in places like GN. One estimate says that there are more than 2000 properties available in resale in various sectors in GN.

Catch is that they are being quoted 20-30% less than their original cost!!

Everyone is buying to sell ...but where are the BUYERS!!

Venkytalks

I would prefer NOIDA (say Sector 93) over GN for both living, renting and long term appreciation.

GN is in a place where land is in overabundance. Unlimitted development is possible and will damp RE prices for minimum 15 years. I dont see good rental returns for at least 10 years.

GN is good if you want to but really big property - many acres and palatial construction - for very long term (15 year) appreciation by rich individuals.

Not for the middle class

Nisardel

Sector 97 is a good option if you want to be close to Delhi. Otherwise, sectors like 50,51,70,35,119,117 are good options.