Announcement

Collapse
No announcement yet.

Update on Neharpar per my Yesterday's Visit

Collapse
X
Collapse

Update on Neharpar per my Yesterday's Visit

Last updated: December 28 2012
238 | Posts
  • Time
  • Show
Clear All
new posts
  • #61

    #61

    Re : Update on Neharpar per my Yesterday's Visit

    Originally posted by GuptaManish View Post
    Hi,

    I also visited neharpar today and found lot of people have shifted to Grandeura. Security check is there. Also visited Hamilton heights which have current BSP Rs 5500. Its bang opposite Kanishka towers. Its a Luxurious project with minimum size 1800 sq feet. Cost of all the diff BHK starts 1.25 cr.Whew!!! I did not enquired about resales.

    All units sold for pranayam and which is almost ready and have high premium. Aravalli school completion would be soon - i say 6 months max.

    Except some high rise buildings and BPTP low rise through out Nehar par every thing is barren land. Want to invest in faridabad still not sure which is right project. Currently no new project is being launched as per broker. Interested to invest 50-60 lac (20 % + 80 % bank loan) but not sure should i invest at Faridabad or Noida Express Way.
    Check out Puri Pratham for new Launch, even Omaxe Heights is doing fresh bookings for 4 BHKs

    Comment

    • #62

      #62

      Re : Update on Neharpar per my Yesterday's Visit

      Originally posted by GuptaManish View Post
      Hi,

      I also visited neharpar today and found lot of people have shifted to Grandeura. Security check is there. Also visited Hamilton heights which have current BSP Rs 5500. Its bang opposite Kanishka towers. Its a Luxurious project with minimum size 1800 sq feet. Cost of all the diff BHK starts 1.25 cr.Whew!!! I did not enquired about resales.

      All units sold for pranayam and which is almost ready and have high premium. Aravalli school completion would be soon - i say 6 months max.

      Except some high rise buildings and BPTP low rise through out Nehar par every thing is barren land. Want to invest in faridabad still not sure which is right project. Currently no new project is being launched as per broker. Interested to invest 50-60 lac (20 % + 80 % bank loan) but not sure should i invest at Faridabad or Noida Express Way.
      Interested to invest 50-60 lac (20 % + 80 % bank loan)

      1:4 leverage for "investment" I guess that is not the right way to go - no matter where you put your money but make sure you never go beyond your means.

      rohit

      Comment

      • #63

        #63

        Re : Update on Neharpar per my Yesterday's Visit

        Originally posted by prabhjeetran View Post
        Check out Puri Pratham for new Launch, even Omaxe Heights is doing fresh bookings for 4 BHKs
        No friend, neither Puri Pratham nor Omaxe Heights 4 BHK is doing fresh bookings. There is a premium of 4.5 lacs on Pratham 2 BHK and around 16-17 lacs on Omaxe Heights 4 BHK.

        check out Ansal Royal Heritage. It might be available on fresh bookings.

        Comment

        • #64

          #64

          Re : Update on Neharpar per my Yesterday's Visit

          Originally posted by rohit_warren View Post
          Interested to invest 50-60 lac (20 % + 80 % bank loan)

          1:4 leverage for "investment" I guess that is not the right way to go - no matter where you put your money but make sure you never go beyond your means.

          rohit
          Thanks Rohit. I’m follower of IREF and really appreciate views put across all NCR region by Senior & veteran members like you , Mike , Fritolay , BlessU , Cookie, MANOJa, Saurabh2011 & even Zohaib.

          Now coming at my point:

          We put up (rented) near Suraj Kund and resale rates here are madding. This is convenient place for me and my wife who work in Gurgaon and Mathura Road respectively.

          In any case we need to take bank loan (ofcourse not 80% as our salaries would also increase) and there is nothing available Rs 4000 psf (includes everything) in Noida Express way , Gurgaon and Indrapuram. As mike said the only place where these rates are down is GF, but there also looking at property like Puri new booking, if available, are touching 4000. And I like Puri property after visiting yesterday J.

          My motive is to invest in such apartment (high rise) where if need arises we could shift in coming years or where rent would be high and it could compensate rent bear by us. If I think on investment point of view to rotate funds – all builders are demanding 20-25 % in 60-90 days. And then there is transfer cause where we have to atleast clear 40-50% before resale. I know this is good move to discourage investors and brokers but it’s affecting end user like me. In addition even if I go for rotation and getting premiums on my property in due course, I am sure I would be again beyond my reach to buy a house at places where current rate is Rs 4000.

          So either I can think of buying a house which suits my requirement but beyond my means or keep on trying my luck by applying in plot / flat schemes like Huda Rohtak Sector 5 , Noida and DDA schemes, thinking one day my draw will come out and I would get handsome premium without investing so much.
          I have been waiting for last 2 years thinking rates may be stable but it’s not the case. When I wanted to buy Vatika new Gurgaon I couldn’t arrange for 25 % in 60 days and now when I have some savings it’s hard for me to provide 40% (self financed) for project like Gaur Celestial in Indrapuram which is still in pre-launched stage. Looking at the scenario I have narrowed my search from 3BHK to 2BHK now. But I may say 3 bhk would be my preference if rate allows.
          In between - Ah!!!! Thanks to you all and IREF where I can express what I have been going through.
          Now today I’m visiting Noida Express Way first time to look to something decent and in my budget. Please advise any good properties to look out for.
          Thanks a lot.
          Regards,



          Last edited April 7 2012, 11:43 AM.

          Comment

          • #65

            #65

            Re : Update on Neharpar per my Yesterday's Visit

            Originally posted by GuptaManish View Post
            Thanks Rohit. I’m follower of IREF and really appreciate views put across all NCR region by Senior & veteran members like you , Mike , Fritolay , BlessU , Cookie, MANOJa, Saurabh2011 & even Zohaib.

            Now coming at my point:

            We put up (rented) near Suraj Kund and resale rates here are madding. This is convenient place for me and my wife who work in Gurgaon and Mathura Road respectively.

            In any case we need to take bank loan (ofcourse not 80% as our salaries would also increase) and there is nothing available Rs 4000 psf (includes everything) in Noida Express way , Gurgaon and Indrapuram. As mike said the only place where these rates are down is GF, but there also looking at property like Puri new booking, if available, are touching 4000. And I like Puri property after visiting yesterday J.

            My motive is to invest in such apartment (high rise) where if need arises we could shift in coming years or where rent would be high and it could compensate rent bear by us. If I think on investment point of view to rotate funds – all builders are demanding 20-25 % in 60-90 days. And then there is transfer cause where we have to atleast clear 40-50% before resale. I know this is good move to discourage investors and brokers but it’s affecting end user like me. In addition even if I go for rotation and getting premiums on my property in due course, I am sure I would be again beyond my reach to buy a house at places where current rate is Rs 4000.

            So either I can think of buying a house which suits my requirement but beyond my means or keep on trying my luck by applying in plot / flat schemes like Huda Rohtak Sector 5 , Noida and DDA schemes, thinking one day my draw will come out and I would get handsome premium without investing so much.
            I have been waiting for last 2 years thinking rates may be stable but it’s not the case. When I wanted to buy Vatika new Gurgaon I couldn’t arrange for 25 % in 60 days and now when I have some savings it’s hard for me to provide 40% (self financed) for project like Gaur Celestial in Indrapuram which is still in pre-launched stage. Looking at the scenario I have narrowed my search from 3BHK to 2BHK now. But I may say 3 bhk would be my preference if rate allows.
            In between - Ah!!!! Thanks to you all and IREF where I can express what I have been going through.
            Now today I’m visiting Noida Express Way first time to look to something decent and in my budget. Please advise any good properties to look out for.
            Thanks a lot.
            Regards,



            Thanks for your trust in our honest efforts of providing the real insight about the real estate.

            if you work in gurgaon then Faridabad thanks to the new road is just next door and mathura road thanks to the new flyover again next door.

            Puri construction seems better than others however the cost factor needs to be kept in mind.

            As I understand your combined salaries would be in tune of 80k pm and you might have an emi running may be of a car loan.

            so assuming that you still have 55k left you can get a loan of around 35 lakhs with comfort and without feeling the pinch

            if you can manage 35lakhs of loan then you can look at ready to move 3 bhk in SRS - which as of today seems on the outer side but as the sector road progresses - which would happen in this year only - not only the life would be comfortable but appreciation would be better.

            Take something which is easily available at resonable price - for temporary period of say 3 years - as 2015 would be election year - the prices would come down in that year and next year for sure - this is best time to buy because rbi rate cycle has peaked and will start to come down once the monsoon sets in - interest rates would keep on decreasing for another 2 odd years then will start to move up which is normal cycle -

            so the plan should be like this.

            buy something which is easy on the pocket - move in for 3 years - in between book something in new launch - exit in 2015 when your new house is ready - this will reduce the debt burden and will leave a lot of cash with you.

            just one caveat that for next 3 years you might have to feel some cash crunch after you buy a new property and then book another one in new launch.

            I made Rs 200 to 2cr just by doing the right calculation in last 10 years.

            If the above mentioned strategy is followed you would not be exhausting the full eligibility of home loan but still have your own home which would shield you from further price escalations and will give enough breathing space to take advantage of new launch.

            rohit

            Comment

            • #66

              #66

              Re : Update on Neharpar per my Yesterday's Visit

              I also visited Ph-III parkland project today.Here is what i saw.
              There is increased activity of people in the area,there were more number of security guards at the entrance with new BPTP display boards,saw 4-5 families checking out the area.One JCB was planing the earth for the master road(may be sector road) near Resort dividing sector 75-76.70% Park elite floor looked complete,BPTP resort outer structure for one of the tower looked complete.
              BPTP next door mall also looked 80% complete,it looks near to phase -1 from here,looks like in future it will be connected to PH-I sector roads from here as well.
              Parkland pride also looked nice.

              Comment

              • #67

                #67

                Re : Update on Neharpar per my Yesterday's Visit

                I somehow Gathered courage and some Will and finally visited KLJ Platinum Project, and to tell u the truth guys, any inhabitation in these areas looks a distant dream as yet. Though most of the floors of BPTP and evn KLJ Green looked complete but there was no activity at all in the area, infact it looked scary to me. After my visit I feel KLJ Platinum even at 23-24 lacs looks expensive to me

                Comment

                • #68

                  #68

                  Re : Update on Neharpar per my Yesterday's Visit

                  Originally posted by prabhjeetran View Post
                  I somehow Gathered courage and some Will and finally visited KLJ Platinum Project, and to tell u the truth guys, any inhabitation in these areas looks a distant dream as yet. Though most of the floors of BPTP and evn KLJ Green looked complete but there was no activity at all in the area, infact it looked scary to me. After my visit I feel KLJ Platinum even at 23-24 lacs looks expensive to me
                  klj project are at the edge of current gr faridabad but the biggest plus is that it is on the master road - don't be scared = the activities on infra is increasing - everything is on the roll - just wait for this diwali and you will be surprised - even the day to day movement is increasing there

                  rohit

                  Comment

                  • #69

                    #69

                    Re : Update on Neharpar per my Yesterday's Visit

                    Originally posted by rohit_warren View Post
                    Thanks for your trust in our honest efforts of providing the real insight about the real estate.

                    if you work in gurgaon then Faridabad thanks to the new road is just next door and mathura road thanks to the new flyover again next door.

                    Puri construction seems better than others however the cost factor needs to be kept in mind.

                    As I understand your combined salaries would be in tune of 80k pm and you might have an emi running may be of a car loan.

                    so assuming that you still have 55k left you can get a loan of around 35 lakhs with comfort and without feeling the pinch

                    if you can manage 35lakhs of loan then you can look at ready to move 3 bhk in SRS - which as of today seems on the outer side but as the sector road progresses - which would happen in this year only - not only the life would be comfortable but appreciation would be better.

                    Take something which is easily available at resonable price - for temporary period of say 3 years - as 2015 would be election year - the prices would come down in that year and next year for sure - this is best time to buy because rbi rate cycle has peaked and will start to come down once the monsoon sets in - interest rates would keep on decreasing for another 2 odd years then will start to move up which is normal cycle -

                    so the plan should be like this.

                    buy something which is easy on the pocket - move in for 3 years - in between book something in new launch - exit in 2015 when your new house is ready - this will reduce the debt burden and will leave a lot of cash with you.

                    just one caveat that for next 3 years you might have to feel some cash crunch after you buy a new property and then book another one in new launch.

                    I made Rs 200 to 2cr just by doing the right calculation in last 10 years.

                    If the above mentioned strategy is followed you would not be exhausting the full eligibility of home loan but still have your own home which would shield you from further price escalations and will give enough breathing space to take advantage of new launch.

                    rohit
                    Hi Rohit
                    Once again accept my gratitude for having bang on observation regarding our finances and there after giving such good advices.
                    I’m also thinking for small investment which does not put pressure on my pocket as I would be staying in rented house for sometime. Charmswood suits us in terms of safety, connectivity (delhi autos available inside colony) and closeness to Mathura road where my wife works (with odd timing during month closings - bank job). This would not be in case with GF currently.
                    In addition for resale of RTM and almost complete projects in GF there is high premium and that too in “Cash” for which I won’t be getting any loan. Kya kare ek aam salaried person.
                    So current option remains after your suggestion is any new project with CLP or 2 years no EMI scheme and that too 2 BHK so that I can accommodate my rent + 20% payment + EMI’s. I have to shed my desire for 3 bhk mean while L .
                    I would be visiting Noida Express way tomorrow and would look at Todays & JP Garden Isles , Kosmos etc. Would keep you all posted regarding the same.
                    Thanks & Regards

                    Comment

                    • #70

                      #70

                      Re : Update on Neharpar per my Yesterday's Visit

                      Originally posted by GuptaManish View Post
                      Hi Rohit
                      Once again accept my gratitude for having bang on observation regarding our finances and there after giving such good advices.
                      I’m also thinking for small investment which does not put pressure on my pocket as I would be staying in rented house for sometime. Charmswood suits us in terms of safety, connectivity (delhi autos available inside colony) and closeness to Mathura road where my wife works (with odd timing during month closings - bank job). This would not be in case with GF currently.
                      In addition for resale of RTM and almost complete projects in GF there is high premium and that too in “Cash” for which I won’t be getting any loan. Kya kare ek aam salaried person.
                      So current option remains after your suggestion is any new project with CLP or 2 years no EMI scheme and that too 2 BHK so that I can accommodate my rent + 20% payment + EMI’s. I have to shed my desire for 3 bhk mean while L .
                      I would be visiting Noida Express way tomorrow and would look at Todays & JP Garden Isles , Kosmos etc. Would keep you all posted regarding the same.
                      Thanks & Regards
                      all check deals are always available - give it a try - I am still not able to get the reason for looking about options in Noida region - commuting will be too much = lesser time for family - waise bhi IT walo ke paas time kam hota hai.

                      I have worked for fortune 5 companies for a decade and I know this from my own experience.

                      Charmswood is wonderful - pollution free, nice gentry and everything what a cosmopolitan couple would require.

                      for your house hunting project - as they say "live long and prosper"

                      rohit

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X