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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Greater Noida > News - Noida Extension 2nd bridge over Hindon
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Old February 23 2011, 08:24 AM   #1
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Default News - Noida Extension 2nd bridge over Hindon

http://in.jagran.yahoo.com/epaper/index.php?location=2&edition=2011-02-23&pageno=9

 
Old February 23 2011, 02:50 PM   #2
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Something to cheer for Greater noida extension residents spl near stellar, paramount, etc etc

and not a very good news for noida 7x

Imagine if you had to buy a house AFTER 4 Years in that region...wouldnt you take this into account ???

- After 3, 4 kms on excellent connectivity you get a appartment at much cheaper price

- That region is being developed by Greater noida authority and NOT ghaziabad authority and everyone knows Gnoida authority is infact slightly better than Noida authority in terms of planning, maintenance and execution

- Same builders on BOTH sides

- Similar density in projects on Both sides

- Greater noida extension in fact due to 80%open rule..may infact be slightly less dense..and more green

- Water, electricity, security...same on both sides


This is the infamous "Greater noida extension effect"..which setcor 121, 119 noida faced...as they are next to the bridge connecting greater noida extension and noida....NOW ANOTHER BRIDGE..and expect similar trends

- Even Metro will be just 3, 4 kms from Greater noida extension now...which is hardly anything on such roads....maybe 5-7 mins drive.

- Greater Noida extension effect has been VERY STRONGLY felt in noida, ghaziabad and even faridabad...

Even Noida expressway has not been spared....infact had this region not been developed...Noida prices would be easily 500-700 Psf higher...and even in Greater noida at least 300-500 psf higher..

Well as this region is there....so the regions closest to it will have more effect....
 
Old February 23 2011, 03:37 PM   #3
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The one reported in the news is adjacent to balak inter college and elevalencia villas.. This is the third bridge..
First one is the main one near gol chakkar..
What about the second one is it the bridge that is being shown adjacent to hynish and gayatri aura project..?
Has this been officially announced till yet?
 
Old February 23 2011, 04:13 PM   #4
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Zohaib,

I have a little query here, if we take what you say than it means now sector 61,62 etc are also very close to Greater noida extention and currently this sector are quoting very high rates....so do you think that this so called bridge will have impact on them too.
As far as I understand eventhough greater noida extention is cheap but it is still raw and has very little\no developement....it would take atleast 5-7 years for this area to be livable.
7X sector project are already close to develop sector.
Another aspect is that there is large area to be developed in Greater noida extention and some builder have 100 of acres of land to develop. There are many project launched in greater noida extn. But do you feel all will get delivered in next 3-5 years.....I think CR which is again getting connected by bridge with 7X sectors....CR has started developement many years back but till now its not livable....I feel same will happen with Greater noida extention.....7X sector project may be livalbe in next 3-5 years.....so it will take additional 2 years...if you consider all this fact than lesser price is setoff by more year of completion in term of more interest and rent.....what are your comment on the same.
 
Old February 23 2011, 04:20 PM   #5
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No, the 2nd one is near
kulesara geaternoida.

Pls see wikimapia - http://wikimapia.org/#lat=28.5626624&lon=77.431469&z=13&l=0&m=b


Quote:
Originally Posted by naim.rahman View Post
The one reported in the news is adjacent to balak inter college and elevalencia villas.. This is the third bridge..
First one is the main one near gol chakkar..
What about the second one is it the bridge that is being shown adjacent to hynish and gayatri aura project..?
Has this been officially announced till yet?
 
Old February 23 2011, 04:29 PM   #6
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Quote:
Originally Posted by bhuwanb View Post
Zohaib,

I have a little query here, if we take what you say than it means now sector 61,62 etc are also very close to Greater noida extention and currently this sector are quoting very high rates....so do you think that this so called bridge will have impact on them too.
I have been repeating AGAIN and AGAIN..and will repeat ONCE again.

There is a Difference between "Quoted rate" and "Actual transactions"

God...people think that if broker and builder has "Quoted" a rate then its "Actual rate"

Imagine you are an Investor...you bought an appartment...now the proce "Quoted" on paper is 6000 psf....when do you think you will make a profit ?????

ONLY after someone comes forward and PAYS you 6000 psf.....

Please keep that in mind before you make any investment...that without a buyer your investment is nothing.

Now coming to ur query...imagine you have 60 lakhs with you..and you need a house.....where will you prefer to buy your flat ...in a old society "QUOTING" At 6000 psf...or with a Very good builder in a brand new project at "2500-3500 psf"

To double chekc THE ABOVE theory..FEEL free to conduct a survey and check in societies (with QUOTED RATES) that how many people have recently bought a flat there....you can check with brokers also...or maybe even with RWA...

results will SHOCK you


As far as I understand eventhough greater noida extention is cheap but it is still raw and has very little\no developement....it would take atleast 5-7 years for this area to be livable.
Fully agree...but price factor is attracting buyers.

This is what a common buyer thinks who needs a home:

- I will live on rent for 5 years....and pay maybe 7 Lakhs as rent

- But on the other hand..he buys at 2500 psf...and saves nearly 2500 psf from the QUOTED RATES...thats almost 25 lakhs for a 1000 sq.feet appartment

- After 5 years while old sectors will be same....the upcming sectors will have more scope for development


7X sector project are already close to develop sector.
Another aspect is that there is large area to be developed in Greater noida extention and some builder have 100 of acres of land to develop.
There are many projects with 10-30 acre project...not one..but many


There are many project launched in greater noida extn. But do you feel all will get delivered in next 3-5 years....
Lets say only 20 % get delivered...thats nearly 10-15 projects....and each has thousands of apaprtments

.I think CR which is again getting connected by bridge with 7X sectors....CR has started developement many years back but till now its not livable....
CR is ghaziabad...thats its drawback...
Ghaziabad and Noida can never be compared due to very poor infra development by GDA
But Gnoida and NA are similar in ifra developkent..infact Gnoida authority is better

I feel same will happen with Greater noida extention.....7X sector project may be livalbe in next 3-5 years.....so it will take additional 2 years...if you consider all this fact than lesser price is setoff by more year of completion in term of more interest and rent.....what are your comment on the same.
The closer you are to Greater Noida extension..the greater the effect

As i said before..DONOT think like an investor

Think like a buyer after 3 years....you will know what i mean

Like people bought in Sect 7X and not in Sect 50 because its next door...in same city..and cheap rate....people will think similarly after 3 years.....and they will have options......ready to move in options....just 3 kms away
 
Old February 23 2011, 04:55 PM   #7
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Zohaib,

You are fundamentally correct on your statements but you should also take in consideration that even though greater noida has all the goods as mentioned by you but till date people are not willing to stay there....Noida even though is expensive finds lots of transaction happening....let me take a scenraio....Koushambi is just opposite to IP extention of Delhi but still the property prices on this two sides of road are far away.....we are here not discussing about old flats but the ones in 7X and noida extention and the point over here is that 7X are closer to already developed sector, quite close to Sector 62,58 etc which have lot of companies....very close to existing metro and most importantely in noida.....I have heard that noida faces less problem related to power supply etc...but on contarary GN have lot of issue related to electricity etc.....Do you think that GN authority and builder are fool to sell the property at Greater noida extention at lower rate when flat closer to 2 km are available at premium of atleast 500. Also why builder used name noida extn istead of Greater noida extention to sell.... Buddy this is India yahan pe fundamentals nahi chalte....yahan only sentiments chalte hain and people have good sentiments for noida compared to GN and hence the diffrence(even though I agree in term of price and less density GN score over noida)....Noida extention have already a big impact on all noida projects because the prices of this project were not appreciated as they should have if GN extn was not launched......But buddy in future only good location and good project in term of work quality etc will decide the price and demand.
 
Old February 23 2011, 05:11 PM   #8
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Quote:
Originally Posted by bhuwanb View Post
Zohaib,

You are fundamentally correct on your statements but you should also take in consideration that even though greater noida has all the goods as mentioned by you but till date people are not willing to stay there....
Greater noida pari chowk is 25 kms from Noida city center

For Greater Noida extension the difference is ONLY 3 kms in excess of whatever Noida 7X has


Noida even though is expensive finds lots of transaction happening....let me take a scenraio....Koushambi is just opposite to IP extention of Delhi but still the property prices on this two sides of road are far away.....we are here not discussing about old flats but the ones in 7X and noida extention and the point over here is that 7X are closer to already developed sector, quite close to Sector 62,58 etc which have lot of companies....
Ghaziabad and Delhi are extreme cases of Govt. bodies and infrastructure

Noida and Greater noida authorities are similar infact Greater noida authority is slightly better than Noida authority

Regd Distance: Simple answer...whatever distance Noida 7X has....add another 3 kms for Greater noida extension....thats Nothing


very close to existing metro and most importantely in noida....
Why most importantly in Noida ???
How can u justify that being in Noida and being just 3 kms away in Greater noida will have an impact..when distance is just 3 kms....Securoity, water, electricity, authortuy ..all same...infact green belts, beautifiation and infra may be sligtly btter in gnoida extension


.I have heard that noida faces less problem related to power supply etc...but on contarary GN have lot of issue related to electricity etc.....
Wrong...both are same...infact water is better in GN

The ONLY REASON or differnece between the two is DISTANCE...and with greater noida extension..that factor is also gone now


Do you think that GN authority and builder are fool to sell the property at Greater noida extention at lower rate when flat closer to 2 km are available at premium of atleast 500.
They got land at much cheaper rates from villagers....Thats the ONLY REASON why its cheap....Gnoida authority acquired this land at dead cheap prices



Also what is the funda of adding noida to Greater noida extention.... Buddy this is India yahan pe fundamentals nahi chalte....yahan only sentiments chalte hain and people have good sentiments for noida compared to GN
Nice thought...but unfortunatley that doesnt work....else my friend noida sector 7X and noida expressway would have laundh rates at 4000 psf minumum

and what makes you think that when people can buy in barren land..why they will not buy when actually dveelopemtn will be there

30,000 sales is not a small amount


and hence the diffrence(even though I agree in term of price and less density GN score over noida)....Noida extention have already a big impact on all noida projects because the prices of this project were not appreciated as they should have if GN extn was not launched......But buddy in future only good location and good project in term of work quality etc will decide the price and demand.
There is no big difference in terms of location for noida sect 7x and greater noida extension after this bridge is made....


Its ok to back your investment....but one has to accept the reality also....

Greater noida extension will pull the prices of regions around it....

Its the ONLY factor why Noida prices have NOT soared in the past year....massive over supply from Greater noida extension

You can ignore it...but it will be there..whether one likes it or not....
ashishneat likes this.
 
Old February 23 2011, 08:28 PM   #9
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Does anybody have correct location of the proposed bridge on the greater noida wikimapia map....I hope this bridge construction will start before the elections.
How much far now it will be from the road starting from panchsheel hanish? All the builders on the road are quoting that the same road will cross the hindon, but now it seems to be around 1.5 kms away.
 
Old February 23 2011, 08:53 PM   #10
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see the attached link

Wikimapia - Let's describe the whole world!

Under construction from sec 112-113 and another line coming from G.Noida.
 
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