loneranger

Dont worry....these are facts with feet frimly to the ground because...metro..is a DMRC project ...nothing to do with NOIDA A and connectivity is just 3 km at Jasola...
EWAY on barrage..this is too a NHAI project...as only problem was that DND has pact that no parellel bridge can be built within 10 years ..as it will effect its revenue ..now 10 years are over too.
..this is not a 3C group..where horses..hawai fires keep on flying....

suavedude

Metro will definitely come to Noida Expressway , but not for 5 years at least. Also, Metro is not the only game changer for E way properties. It's just one of many factors which will lead to growth of this region.

zohaib2012

The scheme is excellent on paper...but PRICE IS TOO HIGH...An all inclusive price tag of 3500-3600 psf would have made it a good deal...but not at 4000+

suavedude

Brother , it goes to around 4000 psf only if we go for Central Greens facing as well as lower floor. How do you rate it from an investment point of view. Also, do you feel Central Greens facing units in LBC will have an upper hand while reselling ?

Your views and analysis are very impressive , I must say. Regards :-)

kalramohit

Do we know what best offer from Logix Blossoms County for new towers ?

Sanjaykhanna

I thought its 3330 bsp (-3% discount) + 390 extra charges = 3620 bsp ( all inclusive) for central green facing . Is there anything else also ?

suavedude

You can get more than 3 % discount if you bargain hard for new towers under Balance on Possession plan. These towers will allow maximum time for appreciation as well.

suavedude

PLC is extra , 100 for Central Greens facing plus 100 for lower units ( 1 -5 ) and 60 for 5-10 floor units.

In all inclusive , it does come to around 4000 psf, aam aadmi is right on that if we go for the most preferred units. There is club and parking charges which have to be paid at possession, These charges bring the rate rate to around 4000 psf in all.

ThePunjabi

I have another way of looking at it:

1. I will invest the balance, left after paying the initial 30%, in IDBI Bank FD for 2 years at 10.25% interest rate (for senior citizens) and will earn around Rs 5.5 lacs as interest pre-tax and with zero risk on my balance amount before I have to pay that money on possession. Effective cost for me will be Rs 500 psf lower than what it appears. Even if I had invested under a traditional CLP plan, I would have earned far less interest on my money before it went to builder.

2. Uncertainties related to land acquisition will be over within 2 years. Any recession if it occurs again will be likely over in 2 years. My risk is limited for first 2 years. It is far better than paying 80% or more to builder by the time construction of structure of towers is complete and then waiting for possession or for appreciation. Just ask the people who bought in Gurgaon in 2005-2006 and are still waiting for possession of their flat or plot. With this payment plan builder will have an incentive to deliver on-time because he will get bulk of his money only when he delivers.

3. With interest rates rising every other month like they have in last year, there is uncertainty for those paying CLP installments with loans because they don't know what interest rate will be next month or next year. In this payment plan, customer is aware of exactly what his buying cost will be till possession.

So even if the price looks to be on higher side, overall it is not that bad.

zohaib2012

1. Remember this Rule..An investor eventually has to sell his flat to an end user to gain profits. Untill unless a flat is sold the % return is Zero. Paper resale values Hold no meaning. Always...ALWAYS...buy a property keeping the End user perspective in Mind.

2. Central Greens is a MUST for an investor...If i am the buyer after 3 years...with nearly 50,000 flats ready to move in around similar locations on Noida expressway...You definately need to convince me that the premium i am paying is justified...
YES...had there been less supply in region..then I would compromise.maybe....but with 50,000 units on noida expressway...why would I

3. Floors...depends on project to project....how PLC is charged...some projects have declining PLC every floor..some every 2 floors....but if you are holding a property anywhere between 2nd to 9th...you are fine.
Eg: If PLC for 5th floor is 150 psf...and PLC for 7th Floor is 100 psf...Go for 7th Floor...AS YOU ARE INVESTOR...

4. I purposely didnt say Ground or 1st floor.....as in cases of such High rises around...many buyers will refrain from buying at much lower levels...due to being in shadow sector all the time

5. Logix is one of better ones in Noida...but seeing his ready commercials...the construction and maintenance standards are pretty average...But then again...what they deliver tomorrow..cannot be predicted...Thats why its Prudent to sell of the property at possession..before regsitry...and avoid getting caught in maintenance standards, etc etc etc

In my opinion...Noida expressway prices ACTUAL RESALE...around sector 137, 168 will be around 4800 psf for a Well made and constructed society after 2 years...

Rest is your call...