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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Noida > Wait & Buy only RTM in NOIDA - Avoid Lots of Risks
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Old June 26 2012, 12:29 AM   #21
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Originally Posted by zohaib2012 View Post
Noida is Not finished as in finished

BUT

it completely lost its track since 2007

In 2003-04....people bought in Noida in projects like ATS, etc as it offered BETTER STANDARDS than Delhi flats AT SIMILAR Rates....or slightly cheaper

Thats what a suburb is ALL OVER THE WORLD......

But BMW decided to screw it and now SP will catch the financier Builder lobby of Noida.

What people are missing COMPLETELY is that Noida was NEVER PLANNED to be so high density.....Never !!!!!

Things are Not right for this region......Its risky to enter at UC levels...

Come back when Project in RTM.....
Whats your view regarding buying a kothi in developed sectors like 36 , 39 , 50 , 51 etc at current prevailing rates ?? The current rates for a 300mtr kothi in these sectors are been quoted around 7.5-8.5cr , whereas i inquired that just a year back the same 300mtr kothi was available for 4.0-5.0cr . Both comparisons for new kothi's.

 
Old June 26 2012, 12:30 AM   #22
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love to hear Mr Deepaul's comment on Mohit's STAMMERING rebuttal to Azam's comments...
chor ki beard mein Tinka...

IMO, If Mohit was kept out of this debate Azam would have been a bit soft as Supertech is the biggest culprit in Noida Extn and YEW....
 
Old June 26 2012, 12:34 AM   #23
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If you go back to 2010 discussions, I said the same things - and at that time also for end user I said RTM is best - and to buy later when project is close to completion.

I also said in inflation adjusted terms price would be 4000Rs for RTM.

Assuming price of 2700 in 2010 and some 15% CPI, cost price should be 3500 in 2012. In the event, prices are around 4500 in resale. Investors have done well. Assuming same inflation till 2015 when projects will be RTM, inflation adjusted cost price would be 5000.

RTM price of 4000 in 2010 would be about 6800-7000 in 2015. So the expected price in 2015 is at least 6500 for a finished project.

Is it worth taking the risks for prices to go from 4500 to 6800 for your investment?

It wasnt worth it in 2010 and it is not worth it in 2012 also. The risk reward ratio is skewed against us.

Please remember that all these prices discussed here are for UNREAL ESTATE - the things dont exist as of now and are just a futures price.

Real estate has to be real i.e RTM. The risks and the sums involved have only magnified in the last 2 years in NOIDA.

Investors should exit. End users should wait.
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Old June 26 2012, 12:37 AM   #24
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Originally Posted by cookie View Post
Better Buy Plots and Authority Built up houses in Greater Noida to avoid all these issues....
Don't worry, Now SP regimen has no option but to sell big land parcels to corporates and to industry on N-Ewy and on Y-Ewy as no other region of UP is in demand today except Noida/GN/YEx among corporates, industrialists and builder lobbies.

For another two years I bet you SP is bound to sell most of the land of Noida Ex/YEx to survive in the future.

If they offer any other city of Up to Corporates/Industry I bet you again that nobody will go there and this is the biggest chance to earn money and to serve corporates for their future and believe me this govt will not miss this chance and they will sell the whole region within two years.

Above all SP don't have any emotional connect with the farmers of whole Noida region, so land acquisition will never be a concern for them.

So Noida/GN/YEx will again emerge as a big winner in a very short span of time, believe me!
 
Old June 26 2012, 12:38 AM   #25
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Venky ,
Is it safe for an End user to wait ? As you had mentioned that there might be projects which might be abandoned .




Quote:
Originally Posted by Venkytalks View Post
If you go back to 2010 discussions, I said the same things - and at that time also for end user I said RTM is best - and to buy later when project is close to completion.

I also said in inflation adjusted terms price would be 4000Rs for RTM.

Assuming price of 2700 in 2010 and some 15% CPI, cost price should be 3500 in 2012. In the event, prices are around 4500 in resale. Investors have done well. Assuming same inflation till 2015 when projects will be RTM, inflation adjusted cost price would be 5000.

RTM price of 4000 in 2012 would be about 6800-7000. So the expected price in 2015 is at least 6500 for a finished project.

Is it worth taking the risks for prices to go from 4500 to 6800 for your investment?

It wasnt worth it in 2010 and it is not worth it in 2012 also. The risk reward ratio is skewed against us.

Please remember that all these prices discussed here are for UNREAL ESTATE - the things dont exist as of now and are just a futures price.

Real estate has to be real i.e RTM. The risks and the sums involved have only magnified in the last 2 years in NOIDA.

Investors should exit. End users should wait.
 
Old June 26 2012, 12:39 AM   #26
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Quote:
Originally Posted by LIONTALKS View Post
Don't worry, Now SP regimen has no option but to sell big land parcels to corporates and to industry on N-Ewy and on Y-Ewy as no other region of UP is in demand today except Noida/GN/YEx among corporates, industrialists and builder lobbies.

For another two years I bet you SP is bound to sell most of the land of Noida Ex/YEx to survive in the future.

If they offer any other city of Up to Corporates/Industry I bet you again that nobody will go there and this is the biggest chance to earn money and to serve corporates for their future and believe me this govt will not miss this chance and they will sell the whole region within two years.

Above all SP don't have any emotional connect with the farmers of whole Noida region, so land acquisition will never be a concern for them.

So Noida/GN/YEx will again emerge as a big winner in a very short span of time, believe me!
Yeah they have no other option left.......
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Old June 26 2012, 12:41 AM   #27
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Quote:
Originally Posted by LIONTALKS View Post
Don't worry, Now SP regimen has no option but to sell big land parcels to corporates and to industry on N-Ewy and on Y-Ewy as no other region of UP is in demand today except Noida/GN/YEx among corporates, industrialists and builder lobbies.

For another two years I bet you SP is bound to sell most of the land of Noida Ex/YEx to survive in the future.

If they offer any other city of Up to Corporates/Industry I bet you again that nobody will go there and this is the biggest chance to earn money and to serve corporates for their future and believe me this govt will not miss this chance and they will sell the whole region within two years.

Above all SP don't have any emotional connect with the farmers of whole Noida region, so land acquisition will never be a concern for them.

So Noida/GN/YEx will again emerge as a big winner in a very short span of time, believe me!
New builders are not fools - they know they cant sell any more in NOIDA - massively oversold and massive supply overhang.

SP wont get anything from new projects - they have to screw what they can out of existing builders only
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Old June 26 2012, 12:44 AM   #28
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cookie bhai , but how long can they wait and will it be worth waiting?



Quote:
Originally Posted by cookie View Post
Yeah they have no other option left.......
 
Old June 26 2012, 12:45 AM   #29
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People are unable to see the Bigger picture......what Azam khan said on video is nothing but facts:

- How many INDUSTRIES started in U.P in past 5 years
ZERO !!!!

- There was NEVER a shortage of residential land in Noida region....so why Industrial land was changed to residential and sold to Builders
COMMISSION !!!!

- What was done in past 5 years to improve electicity situation???
NONE

- What was the role of NA and Gnoida authority in past 5 years
TO GIVE BULLSHIT PROPOSALS TO ASSIST BUILDER

-What was NA, Gnoida authority doing in past 5 years
AGENTS FOR BUILDERS


What Azam Khan wanted to say....
(PROPER INTERPRETATION)

SP HAVE WHOLE OF U.P TO TAKE CARE....NOIDA IS NOT OUR ONLY CENTER OF ATTRACTION AS SP IS LEFT WITH NO LAND IN THIS REGION TO USE

BMW HAS SOLD ALL THE PRIME LAND...AND SCREWED THE REGION

SP NEVER HAD A BUILDER LOBBY....THEY HAD INDUSTRIAL LOBBY.....

THERE IS NO LAND LEFT FOR THEM

But they can squeeze builders to extract money from them !!!!!!

Simple

IN NEXT 10 YEARS NOIDA WILL HAVE EITHER SP OR BSP AS CMs

BMW has no concern for any Industrial development for the region.....she just wants to sell every inch to builder and give 2 hoots to industrialists

SP has other regions as focus

YOU BE THE JUDGE.....!!!!!!!
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Old June 26 2012, 12:46 AM   #30
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Quote:
Originally Posted by panipat View Post
Venky ,
Is it safe for an End user to wait ? As you had mentioned that there might be projects which might be abandoned .
You can always invest short term in RE elsewhere in safer places while you wait for stability in NOIDA - everyone planning RE purchase should invest at least 30% of saved corpus in RE - buy a plot or a booking in a safer location or buy a small running shop - you can always hedge until you are ready to buy for own use.

Dont hurry into a wrong location, wrong builder with wrong budget - collect a better corpus.

NOIDA is too risky for short term flipping of booking type of investment - IMHO.

Even in NOIDA you can select a better investment. It is the poor quality builders who will default. Or the overleveraged massive ones like Unitech and Omaxe
 
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