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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Gurgaon > HUDA PATAUDI SECTOR 1 PLOTS
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Old April 14 2011, 09:49 PM   #1
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Default HUDA PATAUDI SECTOR 1 PLOTS

HOW WOULD INVESTMENT IN HUDA PATAUDI SECTOR 1 BE FOR A 5 YEAR HORIZON ?

RATES HERE ARE AROUND 12K-15 K PSY.

ANYONE FAMILIAR WITH THE AREA AND UPCOMING DEVELOPMENTS PLEASE COMMENT.

 
Old April 14 2011, 10:12 PM   #2
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is this for the allotment which happened couple of months back?

The reliance sez which was a major one is a flop now.... so what are the drivers for this region?
 
Old April 14 2011, 10:29 PM   #3
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I think the investment is good for 3-4 years horizon , because of

NPR progress
HUDA first sector in Pataudi and HUDA is planning to develop 9 sectors in pataudi .
Sector 1 is located exactly on newly developed Gurgaon - Jhajhar highway

Also current premium for these plots 10 -12K depend upon location of the project.
 
Old April 15 2011, 02:10 AM   #4
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I have been to Tulip Petal project which is on Pataudi road just before Pataudi.

If you look at the history and learn from it, real estate in remote and undeveloped areas took the biggest hit during 2008-09 recession. There were no takers for properties in areas like Dharuheda, Bhiwadi, Bahadurgarh, Sonepat/Kundli, DLF New Town Heights i.e. new and totally undeveloped sectors of Gurgaon. There were virtually no buyers in these areas at any price.

Markets are at a peak now. Chances of a 20% correction are higher than chances of another 20% increase from here. In case another recession came, these undeveloped sectors will take the biggest hit, again.

If you have to invest, then invest in the areas where there is some development visible even today.
 
Old April 15 2011, 08:01 AM   #5
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Magadh agrees with Punjab

Your views are logical and more importantly have anecdotal evidence.

Quote:
Originally Posted by ThePunjabi View Post
Markets are at a peak now. Chances of a 20% correction are higher than chances of another 20% increase from here. In case another recession came, these undeveloped sectors will take the biggest hit, again.
.
 
Old October 10 2011, 07:29 PM   #6
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Default Pataudi Haily Mandi Development Plan 2031

It's a good news for the allottees of HUDA Pataudi Sector-1 Plots !!!!
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Old October 10 2011, 08:09 PM   #7
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What are the current plot rates in this area ?
 
Old October 10 2011, 09:45 PM   #8
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I have been quoted a premium of Rs 16k per sq yds for my 10 Marla plot.
 
Old October 10 2011, 11:20 PM   #9
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This is good for parking black money, if you have one.

In reality, this area is bad for next 10 years or more.

I am surprised, why HUDA launches this at such low prices and suddenly they command huge premium.
 
Old October 15 2011, 09:42 PM   #10
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What do you think the price should be after 10 years in this area ?
 
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