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Crossing Republic flat deal

Last updated: March 26 2012
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  • #11

    #11

    Re : Crossing Republic flat deal

    Originally posted by anksankur View Post
    Went to CR on Friday.450 families are living in the original CR flats.Some shops seemed to be open.The shopkeeper was himself a tenant and told me he was paying 6k+maintenance as rent.

    Hope this helps.
    Thanks.

    I visited CR today. It is a decent enough place. Connectivity is reasonable now and will get better. I did not find it overcrowded - this is how multistories wil be and was reasonably decent

    Gaur 1050 was available in 8th floor only. It was OK. But will be ready after 1 year plus.

    So downpayment of 21.5 Lakhs = 24L at time of possession at 10% rates.

    It is fair value but not compelling. Given the way Indirapuram prices have trended, in next 3 years, prices will probably go to 26-28L in one year, maximum 30L at 3 years.

    After than NE deliveries will weigh down the prices.

    It is a reasonably decent place for end use or for renting out. Not fantastic for capital appreciation, but giving 21.5 now and getting 30 after 3 years is not a bad deal.

    It should also keep place with inflation - worth investing but without fantastic expectations
    Venky (Please read watch a or before posting)

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    • #12

      #12

      Re : Crossing Republic flat deal

      Originally posted by Venkytalks View Post
      Thanks.

      I visited CR today. It is a decent enough place. Connectivity is reasonable now and will get better. I did not find it overcrowded - this is how multistories wil be and was reasonably decent

      Gaur 1050 was available in 8th floor only. It was OK. But will be ready after 1 year plus.

      So downpayment of 21.5 Lakhs = 24L at time of possession at 10% rates.

      It is fair value but not compelling. Given the way Indirapuram prices have trended, in next 3 years, prices will probably go to 26-28L in one year, maximum 30L at 3 years.

      After than NE deliveries will weigh down the prices.

      It is a reasonably decent place for end use or for renting out. Not fantastic for capital appreciation, but giving 21.5 now and getting 30 after 3 years is not a bad deal.

      It should also keep place with inflation - worth investing but without fantastic expectations
      Agreed, NE will itself be not cheap after solving land issues with extra compensation and hence CR rates will get some rapid appreciation for 1 year then smooth appreciation for next several years.

      As for the apartment rate appreciation, I will let you know that in flats it is not possible to get big hike now in any area of NCR. For good appreciation and only for investment point of views purchase plots in NCR not Flats. From 2009 onward you can not get more than 15% appreciation per year in flats in any NCR Locations.

      If you are thinking that in few NCR under constriction properties there is more than 15% rate appreciation in 1 a year on paper then in my views during under construction time period any builder rate increment on paper is a different thing and actual rate appreciation in resale by end users is entirely different thing. Finding genuine end users is always not an easy task , once possession provided and property will started to sell in resale in open market only then anyone can judge that what is the actual appreciation they got.

      Due to tough BBA rules it is not easy to sell under construction property before possession hence on paper builder can appreciate rates to any level to sell their other society flats or due to other reasons. None of us are smart enough to guess the actual intention of big builder while doing any thing. But Once possession has been given then company will have no right on your property only then investor can sell his flat in open market and only then it can be analyzed actually that investment is finally give good return, bad return or no return.
      Last edited May 29 2011, 06:51 PM.

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      • #13

        #13

        Re : Crossing Republic flat deal

        Thanks for your feed back, Saurabh, very useful.

        I am still deliberating whether this is worth investment at 21 L (assuming 50,000 worth of free gifts).

        Probably not - stock market might give a better opportunity.

        Still, a decent 2BHK at 21 L is a good deal.

        Expandable villa at NE resale purchase in Sector 3 (Authority flat) might be a better purchase - and might be available cheaper now with the troubles in NE. Last I heard, it was worth 35L
        Last edited May 29 2011, 07:02 PM.
        Venky (Please read watch a or before posting)

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        • #14

          #14

          Re : Crossing Republic flat deal

          Originally posted by Venkytalks View Post
          Thanks for your feed back, Saurabh, very useful.

          I am still deliberating whether this is worth investment at 21 L (assuming 50,000 worth of free gifts).

          Probably not - stock market might give a better opportunity.

          Still, a decent 2BHK at 21 L is a good deal.
          Yes.. , for purely investment point of view stock market is better but for that you must be a good player of that and as per your post I think you already know about stock market a lot hence for you stock market is better to invest.

          As for 2BHK in 21 lac, it is definitely good for end uses who want home for their own living purpose. At this time CR & RNE area of GZB definitely providing good RTM options in NCR for those end users who want affordable homes up to 25 Lac.

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          • #15

            #15

            Re : Crossing Republic flat deal

            Hi Venky,

            What is the area for this expandable villa...are these village abadi plots or Eleven asia types... If you could provide more details and exact location

            jaideep


            Originally posted by Venkytalks View Post
            Thanks for your feed back, Saurabh, very useful.

            I am still deliberating whether this is worth investment at 21 L (assuming 50,000 worth of free gifts).

            Probably not - stock market might give a better opportunity.

            Still, a decent 2BHK at 21 L is a good deal.

            Expandable villa at NE resale purchase in Sector 3 (Authority flat) might be a better purchase - and might be available cheaper now with the troubles in NE. Last I heard, it was worth 35L

            Comment

            • #16

              #16

              Re : Crossing Republic flat deal

              Originally posted by jaideepsr View Post
              Hi Venky,

              What is the area for this expandable villa...are these village abadi plots or Eleven asia types... If you could provide more details and exact location

              jaideep
              These are GNOIDA authority villas. They are already 90% finished and are on the 130 meter road - you can go and see for yourselves - well worth the trip.

              Consider them ready to move expandable villas, fully legal from authority - salable on POA only but will become free hold soon.

              Good for investment. Check the prices - there might have been a correction.
              Venky (Please read watch a or before posting)

              Comment

              • #17

                #17

                Re : Crossing Republic flat deal

                Originally posted by Venkytalks View Post
                These are GNOIDA authority villas. They are already 90% finished and are on the 130 meter road - you can go and see for yourselves - well worth the trip.

                Consider them ready to move expandable villas, fully legal from authority - salable on POA only but will become free hold soon.

                Good for investment. Check the prices - there might have been a correction.
                Do we know what are the Mahagun Mascot RTM rates in Mahagun Mascot in CR in particular and CR in general ?

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                • #18

                  #18

                  Re : Crossing Republic flat deal

                  Can anyone give me any contact number for Gaur builders for the scheme they have launched in crossing republik? I am looking for a long term investment option.

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                  • #19

                    #19

                    Re : Crossing Republic flat deal

                    Investment in cross republic wont yield you much good profit since it does not have much good projects coming and i better prefer you to go with noida investment


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                    • #20

                      #20

                      Re : Crossing Republic flat deal

                      Originally posted by athena3 View Post
                      Investment in cross republic wont yield you much good profit since it does not have much good projects coming and i better prefer you to go with noida investment
                      It has more or less the same builders as anywhere else ..ex : Mahagun / Assotech / Gaur / Supertech / Ajanara ...not sure why these projects wont be as good as the ones in Noida by the same builders ..besides most of these are RTM now ...or getting to RTM status in very short term ..Once people start moving in and with the situation in NE being unclear ..rates should climb in CR ..

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