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Old March 11 2012, 04:10 PM   #1
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Default Expected RTM Resale Price of Paras - Noida Expressway

I expect price at the time of paras tierea possession to be 7000 psf +

The reasons are as follows -

1. Interest rates set to head southward meaning increased demand
2. Recovery in US economy meaning more IT jobs in Noida and hence more demand
3. Remarkable pace of constrcution of paras tierea
4. Previously shelved 5 star hotel projects will come back again on expressway near sec 137 with SP coming to power. These projects were signed during their govt and later reversed by mayawati.
5. Near completion projects on expressway are already touching 6000 psf

Any disputes and expected prices from IREF members?

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Old March 11 2012, 04:12 PM   #2
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HAHAHA 7000/Sqft look so funny Lets see
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Old March 11 2012, 04:25 PM   #3
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Prices to touch Rs 5500-6000/sqft for RTM units in another 6 months.

7000+ seems reasonable figure for T25 & above when they near to the possession.

All the best investors and end users :-)
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Old March 11 2012, 04:28 PM   #4
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Quote:
Originally Posted by RahulIndrapuram View Post
HAHAHA 7000/Sqft look so funny Lets see

You find it funny on the lower side or the higher side?
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Old March 11 2012, 04:37 PM   #5
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Quote:
Originally Posted by KapilSibal View Post
I expect price at the time of paras tierea possession to be 7000 psf +

The reasons are as follows -

1. Interest rates set to head southward meaning increased demand
2. Recovery in US economy meaning more IT jobs in Noida and hence more demand
3. Remarkable pace of constrcution of paras tierea
4. Previously shelved 5 star hotel projects will come back again on expressway near sec 137 with SP coming to power. These projects were signed during their govt and later reversed by mayawati.
5. Near completion projects on expressway are already touching 6000 psf

Any disputes and expected prices from IREF members?
would love to see it at 7000 but realistically looks somewhere between 5300 to 5800 psq ft..
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Old March 11 2012, 04:47 PM   #6
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so are you expecting the resale to be more than 3C LB :-)
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Old March 11 2012, 04:52 PM   #7
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Originally Posted by VBhatia View Post
so are you expecting the resale to be more than 3C LB :-)
i expect both to be around same. LB has the edge with 3C brand name, paras has the edge in terms of location (sec 137).
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Old March 11 2012, 04:53 PM   #8
 
 
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Not more than 5500. If finishing is exceptionally fine, Then 6000.
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Old March 11 2012, 05:02 PM   #9
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Agree with Cookie. If the finishing is great then the prices could touch 6000 in coming 6 months. Fingures crossed.
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Old March 11 2012, 05:09 PM   #10
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Considering that ATS is almost touchning 10k psf (agreed it has better location and amenities), I dont see why Paras Tierra can not touch 6.5-7k on possession. Infact even Omaxe, which is considered to be a rather average project is also selling at around this rate.
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