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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Greater Noida > 60 sq metre independent house in Gamma 1, Greater Noida
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Old February 17 2011, 02:06 PM   #1
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Default 60 sq metre independent house in Gamma 1, Greater Noida

Hi,

I have a 60 sq metre independent house in the Gamma 1 sector of Greater Noida. On floor constructed. Very good quality of construction...there are only few 60 sq metre house in that area, else all are 120-200 sq metre..

can anybody provide an idea on what would be the market value (approximate)....

Brokers in the area always give different values to buyers and sellers.

Is it worth to hold this investment, or better to sell it and buy somewhere else in Greater Noida or expressway?

Best Regards
Amit

 
Old February 17 2011, 02:15 PM   #2
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Gamma 1 is a decent sector...60 sq.mtr plots are always in decent demand....

brokers have a nexus in that region..all are locals who know each other well...they will quote you useless prices...

anyhow..for Gamma 1 and knowing that its a 60.sq. mtr plot...you will get a buyer at 24-25k per sq. mtr without any issues (this is ofcourse the rate for Raw plot with minum construction...how is ur construction and how much..that buyer will see and decide accordingsly)


Let me tell you a simple thing

Always keep in mind 2 things in property....Demand/supply and location..

Gamma 1 has decent location

Now coming to demand and supply...look around you..look at papers..internet...you have more than 100 projects launched in noida-gnoida area...more than 2 lakhs flats

But where do you see plots schemes and launches....very less

Plots is RE is Raw form...you have a authority plot..so no maintenance...

You can rent it out..and get decent income


Yes you can always think of selling it and buying a bigger Plot...but dont make the mistake of selling it and buying a Flat
 
Old February 17 2011, 02:20 PM   #3
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Quote:
Originally Posted by zohaib View Post
Gamma 1 is a decent sector...60 sq.mtr plots are always in decent demand....

brokers have a nexus in that region..all are locals who know each other well...they will quote you useless prices...

anyhow..for Gamma 1 and knowing that its a 60.sq. mtr plot...you will get a buyer at 24-25k per sq. mtr without any issues (this is ofcourse the rate for Raw plot with minum construction...how is ur construction and how much..that buyer will see and decide accordingsly)


Let me tell you a simple thing

Always keep in mind 2 things in property....Demand/supply and location..

Gamma 1 has decent location

Now coming to demand and supply...look around you..look at papers..internet...you have more than 100 projects launched in noida-gnoida area...more than 2 lakhs flats

But where do you see plots schemes and launches....very less

Plots is RE is Raw form...you have a authority plot..so no maintenance...

You can rent it out..and get decent income


Yes you can always think of selling it and buying a bigger Plot...but dont make the mistake of selling it and buying a Flat

Hi Zohaib,

I was seeing your comments on Noida Authority Duplex flats thread (sec 135 on noida expressway) and in that you had commented that spending money on form is a crime. Here you are advocating the independent flat/piece of land. By your comments/logic on this thread, the Noida Authority duplex flats in Sector 135 are a steal.

Comments please!
 
Old February 17 2011, 02:29 PM   #4
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Quote:
Originally Posted by SJ NDL View Post
Hi Zohaib,

I was seeing your comments on Noida Authority Duplex flats thread (sec 135 on noida expressway) and in that you had commented that spending money on form is a crime. Here you are advocating the independent flat/piece of land. By your comments/logic on this thread, the Noida Authority duplex flats in Sector 135 are a steal.

Comments please!


First one has to se the location...while in this case..the location is in Gamma 1 which is a very decent location...there are plots ion siga, mu, xu and omicron also..which are not a good location

Its all about location first....

Its not necessary that Plots in each and every location is best...same with flats....

NA sector 135 are nothing speacial in terms of location and facilties...

Had they been plots...then it would have been a diff story...but they are built up houses...means ..u have paid authority for their consturction which is never good compared to private developers....

If there were plots on 135..still ok...but built up houses....no....
 
Old February 17 2011, 02:35 PM   #5
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Originally Posted by zohaib View Post
First one has to se the location...while in this case..the location is in Gamma 1 which is a very decent location...there are plots ion siga, mu, xu and omicron also..which are not a good location

Its all about location first....

Its not necessary that Plots in each and every location is best...same with flats....

NA sector 135 are nothing speacial in terms of location and facilties...

Had they been plots...then it would have been a diff story...but they are built up houses...means ..u have paid authority for their consturction which is never good compared to private developers....

If there were plots on 135..still ok...but built up houses....no....

I respectfully disagree with you here because the cost of just the land justifies buying these flats. Also, this is one of the best location on expressway reason being:

1. Sector 135 is SDP as per noida authority plan.
2. Already operation SEZ and companies like Metlife,Accenture and TCS.
3. Already functional school Sriram
4. Road from Kalindi Kunj to Sector 135 planned.

Regarding construction, the layout and construction of these flats is very good and if you can spend 7-8 lakhs on woodwork etc, they can beat any builder flat any day.
 
Old February 17 2011, 02:49 PM   #6
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Of course.....people will vary in opinions....for me...if i have to go for any govt. scheme..i will only go for plots...

Flats or constructed property...private builders are more in demand

Again my personal opinion...and yes in 2,3 years....thes ebuilt up houses will be much better than many buildings which many useless builders will make in this belt...
 
Old February 17 2011, 03:10 PM   #7
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Which is better Plot at Golf links 1 Pari chowk Or Flat At LP Sector 110
 
Old February 17 2011, 03:18 PM   #8
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Quote:
Originally Posted by amit001 View Post
Hi,

I have a 60 sq metre independent house in the Gamma 1 sector of Greater Noida. On floor constructed. Very good quality of construction...there are only few 60 sq metre house in that area, else all are 120-200 sq metre..

can anybody provide an idea on what would be the market value (approximate)....

Brokers in the area always give different values to buyers and sellers.

Is it worth to hold this investment, or better to sell it and buy somewhere else in Greater Noida or expressway?

Best Regards
Amit
Hi Amit,

Just keep it for another 2-3 years and u will not regret. I am sure Noida and GNIDA will become hot property in the coming years.
 
Old February 17 2011, 03:19 PM   #9
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Quote:
Originally Posted by amit001 View Post
Hi,

I have a 60 sq metre independent house in the Gamma 1 sector of Greater Noida. On floor constructed. Very good quality of construction...there are only few 60 sq metre house in that area, else all are 120-200 sq metre..

can anybody provide an idea on what would be the market value (approximate)....

Brokers in the area always give different values to buyers and sellers.

Is it worth to hold this investment, or better to sell it and buy somewhere else in Greater Noida or expressway?

Best Regards
Amit
Keep it .....keep it .......just keep it for a long term.

Regards
Sbajaj
 
Old February 17 2011, 03:31 PM   #10
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Quote:
Originally Posted by surinder View Post
Which is better Plot at Golf links 1 Pari chowk Or Flat At LP Sector 110

For an Investor...Plot is anyday better...

For an End User... if its a nuclear ,small family...Flat

For End user...with Joint family...again Plot
Heres how:
Buy a 200 sq. yard plot at 50 lakhs
Make ground, first and second floor..As per YOUR needs not decided by a builder...Cost 50 Lakhs

Total Cost for Tailor made 3 Apprtments....incl land.
1 crore..split amongst 3 brothers...35 lakh each..
(with less loading and no area such as common area....you will be able to make a nice 3 bedroom with huge bedrooms or maybe even a pretty nice 4 bedrrom)

Invest another 2 lakhs in electronic security and your house will be more secure than any other complex in NCR

For club membership...lifetime membership of stellar gymkhana is 2 lakhs and Jaypee is around 5 Lakhs (lifetime)..

Also you can make a third floor..give it on rent and use that money to maintain you house...

Buy and enjoy...

P.S After 10 years while most of the builder socities will have seepage issues, maintenance issues, lift issues....you will be much better off...as each and every thing put in the house will be as per u

Of course..you can renovate, decorate, change colors, add or substarct a room, etc etc etc etc...maybe even make a whole new building....all upto you....
 
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