Venkytalks

It will not come in Pari Chowk region. This is the good region and should maintain prices

It will come in YE and NE region only - IF I am right (probalility of being right is some 20-30% only based on my own estimate of my own prediction!!! Others might say 5% chance of a black swan event!!!)

Otherwise only stagnation for a VERY long time - until the deliveries start in 3 years or so - when prices will still not fall but might not jump up also for the delivery premium - because of supply overhang.

BAsically, whoever had to buy in NOIDA has already bought. Until companies complete commercial constructions and start work there, expect no price appreciation.

AS for GN it was a speculative bubble because there are no jobs there to support anything. NOIDA jobs cannot support even its own residents, leave alone GN.

Manoj bhai, March is always a slow month - budget, tax, tax saving, insurance premium etc. I thought GGN builders have been quite clever in supply management, except in last 6 months in DEway where there is too many projects announced.

Nobody over-invested in GGN and so no question of distress sale.

People have lot of money and in a few months, prices will start jumping again in GGN

__________________
Venky (Please read FORUM RULES watch a VIDEO or SEARCH FAQs before posting)

sbajaj

3c is launching plots in sec 145 ( which used to be SEZ).

Size - 100 - 150 - 200 - 250 - 300 - 500 sqyard
price - 40k per sqyard

:-)))

Regards
Sbajaj

Venkytalks

Sbajaj, Do you think it is worth it?

This is actually bad news. Sector 143 was supposed to be a SEZ and was to have the businesses which were supposed to support all these residences.

Is everything is sold to residential, where will the jobs come from?

Anyway, SEZ have become unattractive, so probably hence.

How much discount do you expect on 40,000 list price? IS it also going to sell out in a few days like the YE 3C plots?

MANOJa

Venky Bhai, i hope u r correct on GGN on the prices .

& probably, u need to have a rethink on yr. statement "Nobody over-invested in GGN and so no question of distress sale."

sbajaj

Venky,

10-20% can be made in speculation very very easily - Good for long term investors.

Check the whole plan and exact location first from 3c ( If it's attractive) - go for it.

100-150-200 sqyard - BEST BUY IN THIS.

Regards
Sbajaj

sbajaj

Venky,

YE - was a fluke - no way they managed to sell even 30% - i can bet anything on this.

BUT any plotted development in NOIDA - has always been and will remain rock solid.

It's in sec 145 - only 100 acres.

Discount - i think you can sqeeze 5% very easily - but one has to act fast else small size will evaporate before you can blink.

PS - i see speclators making money from this - I also see this one to be a success - 3c current financial position will improve from this.

Happy Hunting.

Regards
Sbajaj

gharondabhai

I am always unable to catch that so called lucrative 30%-40% price drop... my bad luck

NE is likely heading towards the same fate of CR and probably worse.

Thats true for any fundamentally good location as long as the price is perceived as value. Fundamentally Indians are much less leveraged compared to US and very unlikely there will be a crash like the US. Some area will pause for some time, say 6 months and some area like NE/YE will stagnate for long, few years... but mass distress sale is very unlikely.

I tried my luck unsuccessfully in the last recession. For me it was for our own stay so we need to be selective unlike investors.. real price never drops for value for money apartments in decent location.... only the HYPE fades out.

pravinchaudhary

Yesterday gave a visit to 7z sectors. drove to supertech cape town road till the end (near elite homes and Ajnara Grand Heritage). As construction has commenced and steel cement prices roared, all projects have hiked the rates. Now these far end projects cost around 3200 psf. Standing at that point, I could clearly see the completed structures of sec 119-120 projects. The distance to these in a straight line would be less than 1.5 km.

Those buying in Elite Homes/Ajnara at current prices, should do well to check the almost ready projects of sec 119-120. The rates there are around 3500-3600 psf, even when there is so much shortage of ready to move flats in Noida. Spending 400 psf more for almost completed projects by going such a small distance should be wise. If all builders deliver as promised, bloodbath predicted by some would really be visible. That time I don't think any one would be able to get even 4000 psf for a completed flat.
This is the case for timely delivery. If the builder delays, further goosebumps.

Still I bought in sec 78, not 119. But that was at cheap rate, less than 3000, and with more than 80% usable area, making the effective rate less than 2800. I don't see a case for buying at current prices.

Yamban

Rates are costly for 145 sector. Atmost 50k psm

Is this launched or speculated to be launched.... There was a thread on this last week. But the thread was deleted and the guy postion has been suspended... So not sure what it means !!

sbajaj

I got a email from a dealer 2 days back about this.

Rates are on the higher side - I agree - BUT if there small township plan is solid (plotted development/villas/few high/low rise along with good commercial space with proper layout) then it will do very well.

Top of it - after squeezing discount - you will be paying approx 38k per sqyard over the period of 2-3 years.

PS - Better than buying a pigeon hole in a modern day chawls.

Regards
Sbajaj