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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Greater Noida > Supertech Eco Village | Greater Noida (West)
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Old April 25 2010, 12:50 AM   #11
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Hi friends,

I am thinking of booking a flat in supertech eco village 2 - 795 sq feet (I kinow the flat is small but that is what I can affoprd for now).

I have few questions, experts please help me -

1. Currently, as far as I know, not even a single bank is giving loan against eco villlage flats. Is this not an issue for a person buying out a flat ? My opinion is that atleast one nationalised bank should be giving out loan against a property, so that there is some security for the buyer. Am I wrong? My broker unicon says that within 1-1.5 months the banks will start giving out loans against this property so that will not be an issue, but I am very confused....pl suggest

2. Keeping in my mind that currently, no bank is giving loan against eco village flats, would it be better for me to wait or there is no issue with me going and booking the flat?

Please advise....!

Thanks
Sunil

 
Old April 26 2010, 11:18 AM   #12
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Hi friends,

I am thinking of booking a flat in supertech eco village 2 - 795 sq feet (I kinow the flat is small but that is what I can affoprd for now).----

Sunil
Dear Sunil;

Even I was thinking along same lines but according to my broker developer will ask about next installment only after project becomes bankable. Of course you need to pay booking amount from your own pocket.
I also tried to understand the process of projects become bankable and I realized that it is of more interest to developers to make the project bankable otherwise they can't avail any loan on that project.

I think sooner or later all projects will become bankable.
 
Old April 26 2010, 01:37 PM   #13
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Hi !

Thankyou very much for the response.

Also, almost every broker is saying that all the flats in eco village 1 have been booked. I am wondering how can this be? there are so many flats and all the flats have been booked during pre launch itself?

I think the builder is for now spreading this news, so that he can sell them later when the prices hike a little bit? What do you think?
 
Old April 26 2010, 02:00 PM   #14
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Their was a news posted by Trial some days back saying that IC has booked 1000 flats in Eco Village.

I am sure many brokers have booked it (or underwritten it) and thats how Supertech has sold it. If you check with IC they might still have stock.
 
Old April 26 2010, 02:04 PM   #15
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Hi !

Thankyou very much for the response.

Also, almost every----
Hi Sunil;

Eco village was launched approx a month back and last week they published 1 page add announcing 'housefull'. Now they have started booking in eco village 2.
Although I inquired with IC regarding availability in fresh booking and even they answered in negative. You may get a few in resale although at jacked up prices.
 
Old April 26 2010, 02:18 PM   #16
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Though my question may seem to be wierd, but since I am new to this field so I dont think there should be any problem asking it.

For now I haven't booked the flat in Supertech thinking that it is not bankable etc...

But now I have decided that I should go forward with the booking, probably next weekend.

Do you think that the flats for EC Village-2 will also be all booked by next weened?
 
Old April 26 2010, 04:26 PM   #17
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Experts....can you also pl comment on above post of mine..

thanks
 
Old April 26 2010, 05:57 PM   #18
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Quote:
Originally Posted by kumarsunil01 View Post
Though my question may seem to be wierd, but since I am new to this field so I dont think there should be any problem asking it.

For now I haven't booked the flat in Supertech thinking that it is not bankable etc...

But now I have decided that I should go forward with the booking, probably next weekend.

Do you think that the flats for EC Village-2 will also be all booked by next weened?
Eco Village 2 flats will bot be booked my next weekend u can wait.
As for ue concern about banck finance why dont u try other options like Gaur City, amrapalli etc...
 
Old April 26 2010, 06:12 PM   #19
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Hello Rahul,

Thanks for your reply...

As far as I know, even for Gaur City and Amrapali for now the banks are not financing. I think BOB is acceopting the forms for GC but still they are not financing the loan - I am not sure of latest news though.

Pl let me know if you have any updates...
 
Old April 26 2010, 06:23 PM   #20
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yaar noida extn mein lena hee hai then go for Gaur City or Amrapali Smart City .. going by the past track record of Supertech I would give it a miss..
 
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