ysingh11

Dear forum

As you are aware that Noida Ext. issue seems getting near to resolve, what s your take on RNE if NE gets clearance.

RNE prices before NE was 1600-1900 and now jumping to 2500-3300...

What effect will come on RNE??

cookie

I would like to say.
better buy RTM in raj nagar ext at this stage.
Noida ex would not be affordable for sure ...
rest location is individual choice.

saurabh2011

Once NE fully solved by SC (imp) then after that price every where in Noida/GZB/GN will stagnate for 1 year due to new oversupply of 3.5 Lac flats, but clear cut solution must be given by Supreme Court because now public can not take risk in NE.....

NEW Investor of Noida/GZB should keep this in mind that property price can not always go to northwards it Stagnant ALSO for 1-2 year [time to time]..... Current price level of 2600-3300 PSF in RNE is still good/affordable for END USER POV but It's high for PURE INVESTMENT POV.

My POV

dceite

Who told NE is getting resolved?

Last i heard there is some date of hearing on August

__________________
DCEite bhai RNE wale (during holidays) and Bengaluru wale (for rest of the year)

ragh_ideal

RNE got the time(one or two year) for establishment which was really required for such developing area.This area has main competition/comparison with NE.NE lost its one year in court case and one more year to get confidence of new buyers so indeed two year late in actual development/possession.
In between SP became boon for gzb and accelerating the work (no one can deny).There are so many coming landmarks in pipeline so at leat next two year RNE will be in upper hand.rest is justified by actual current prices.
my POV

ysingh11

Really dont know, Saurabh is aslo suggesting puerly for investment at present rates RNE i snot good option.

Neharapar is good option but development and greedy builders, so cant take risk.

Gurgaon and Ne expressway out of range ... NE mein issues hai

Baki bacha kya phir....!!!

I have shortlisted only 3 options:

RTM in RNE (rental income POV and investment) Classic residency or Highend paradise

Under Const :

1. SCC Sapphire ... the work has started but not bankable yet

2. SG Grand ,.,,,, Reputed builder but location is off the track as of now and still in pre launch stage (not sure GDA Approval has obatined or not)

Pls provide your inputs ... !!!!

saurabh2011

I think your reply is quite balanced ...... because you have booked your flat in both AREAS ie in NE and also in RNE..... I hope both of your flats will give you good wealth finally....

ragh_ideal

thanks saurabh,
now RNE has reached on this position where any area can't reflect its progress pace.since your punch line is "Peace of mind is better instead of saving few bucks" and it is absolutely fit for having budget of (25-40LAC).
This area is far away from any disputes,has very good location,affordable and future potential so my vote goes for RNE(2012-14) and for END USERS (very informal/rude behavior of NE's Farmer)rest i am not expert in RE.
now a days i think i have been learning a lot from both investment and very emotionally attached from both areas.

ManGupta

I had myself booked in Noida Extension.....and think that......

It is not realistic to expect NE crisis to be resolved (in SC) in next 2,3,4,5,...........months.

Court Case hai......Court mein mamle lambey samay tak chalte rahte hain......

Search for posts on IREF and majority opinion was resolution by March 2012....

Already 1 year over......May take another 1,2,3,........years... even God cannot predict it.

Tabtak Noida ke safe sectors aur RNE jaise doosre RE destinations kahan se kahan pahuch jayenge.......

Guys if you want to book in RNE.......stop taking cues from NE (will cleared or won't be clear).......Even if RE prices stagnates in RNE for 1, 2 years.....better go for it.

In Real Estate ....Apart from risk of loosing your hard earned money to the builders.....Bigger loss is in terms of OPPORTUNITY COST....that is the cost of missing a bus.....And nobody understands it better that those who had booked in NE.

Builders are still going on increasing the paper price in Noida Extension......and new house hunters are going crazy.......

Nobody on IREF is interested in discussing the Fraud Scheme of Authority's Giving land to builders on 10 years EMI basis by paying just 10% of land value........

...........This is not all.......many builders in NE have launched projects not under their main company but have floated separate company for their NE Project.....(Even Gaursons)

Why?..... in case of adverse situation they can simply declare bankrupcy and MOVE ON with their main company. Obviously, builders were aware about the risk in N Ex, so separate company.

Moreover, in their N Ex company, there is not much own investment. They got land in 10 years EMI, by paying only 10% of down payment of land value, which they have more than recovered from Booking amounts of flat buyers.

By this Financial Engineering......Builders in NE have insulated themselves from all the risks of NE and passed on all their risks entirely on the flat buyers.....

If this is not enough......they as well as authority have been using the miseries of flat buyers (on all public forums as well as in courts) as a shield to protect their business interest......and to put up an argument in their favour in the court...........But once Court will give decision in their favour.......they will dump the flat buyers and ask for additional cost ........for which they have already made provisions in BBA.......in terms of Farmers' additional compensation cost.

To sum it up if you guys go for RNE or Noida ke safe sectors........

YOU WILL SAVE YOURSELF FROM ALL THESE MINE-FIELDS.

saurabh2011