boeing777

Hello,

I am 58 years old and I have just retired from my service. I have some money and was thinking on investing some money in property preferably plot. I have seen 3 possible properties.

1. Greater Noida - Block Delta 2 - 120 sq.m./200 sq.m. plots - cost Rs. 27000 to 28000 per sq.m. (on resale). Lots of construction happening in and around sector Delta 2 and a mini connaught place in also being built for which the construction work has already started. The problem is you cant take the plot in Greater Noida and leave it. You need to do the construction and take a completion certificate from the government. Add another cost of approx 4 lakhs for the construction. The total cost for a 120 sq.m. plot shall come to somewhere around 35 lakhs + 4 lakhs = 39 lakhs.

2. Faridabad - BPTP plots in sector 85/86. Although all the original allotments are gone but whatever are available only on resale. Plots are available in the range of 250 sq.yards (gaj), 300 gaj, 500 gaj and 1000 gaj. The price is somewhere in between 17000 to 18000 per sq.yard (gaj).
The proposed Delhi Agra expressway shall be connected to this land and apart from BPTP lots of other developers have started construction in close vicinity. Omaxe, Piyush, Puri Constructions, PRS etc. The cost of a 250 sq. yard plot shall come to be somewhere ariound 50 lakhs.

3. Sonipat - Parsvanath and Omaxe are building their complexes in Sonipat. Sample villas are fantastically built. 194 sq. yards (gaj) villas are available for sale (only resale, no original allotment). This property is available for approx. 14000 per sq.yard (gaj) + a premium of approx Rs. 12 lakhs to 20 lakhs on the site location of the villas. The total cost of the villa shall come to be somewhere aroung 40 lakhs.

I wanted some advise from the experts here, which property shall be best to invest at this time so that even if I could sell it off after few years I could make some money for my retirement.

Please reply urgently.

Thanks a ton.

Regards,

spuri1234

Hi,

A safe investment would be a plot or a built up flat. However, it will also depend upon the amount you want to invest.

You can also explore Ghaziabad/Indirapuram as another option.

If you don't want to put in all your capital at a single go, you can opt for construction linked schemes.

If you have explored any other areas in NCR, please let me know, I'm also on the look out.

Regards

amidcars

The best time is to invest in Noida sec2 scheme..still you have your idea to invest where you find the thnings best

ks2071746

Dear friend,

Better keep your retirement cash in good FD at about 10% for the next 1 year or so unless you are in your second job with a good salary in your second innings. Invest in RE after an year or so, the money you can spare to put in as investment duly considering the minimum cash you need every month to keep going with the running of the family, of course debt free.

ks2071746

abk

since you are 58 and retired you should look for properties which you can visit atleast twice weekly as landgrabbing is prevalent.i would suggest you buy the villas and rent it out to working people who would invariably be relocated and will vacate eventually. at your age safety is of the utmost importance.BTW I am not aware of the rates there and not suggesting them as good buys.

ks2071746

Dear friend,

But Villas will not fetch good rent from working people?

ks2071746

ajit11

I would suggest Him To invest their money in flat & apartment in Noida, in resale he canmake money, in short period of time.

rajesh81

u can buy completed house in sector alha p3 ,delta with in 40 lack
and also can get 8000 to 10000 rs as rental income. i know some dealer they can provide completed house(120 meter(100 meter in alpha)) in 40 lack

Venkytalks

Buddy, boeing777 left this place 2 years ago, leaving this dead thread behind.

vishal1880

Let me Guess NRI City :P

Ajit bhai yeah to dekh lo ki thread kis zamane ka hai