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TOI Article - How RNE (GZB) scores over NE

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TOI Article - How RNE (GZB) scores over NE

Last updated: July 10 2011
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  • TOI Article - How RNE (GZB) scores over NE

    House Prices Shoot Up As Buyers Tire Of Noida Land Rows


    Ghaziabad: Older and more populous than Noida,Ghaziabad has lived in the shadow of its high-profile southeasterly neighbour throughout the recent boom years.Thanks to its association with Noida even if only in name even the farflung Noida Extension area was able to command a premium in terms of property prices,relative to many parts of Ghaziabad.

    However,with the recent controversies surrounding land acquisition in Noida Extension,and the Supreme Courts order of Wednesday reverting acquired land to the residents of a village there,Ghaziabad finally seems on the ascendant on the real estate map.

    While homebuyers have suddenly become wary of investing in the Noida Extension-Greater Noida belt,house prices in Ghaziabad are on an upswing,with middle-income buyers looking upon the area as a safe bet.There has been a scramble for booking flats in the Indirapuram and Rajnagar Extension areas of Ghaziabad.Fed up with land acquisition rows delaying projects in Noida Extension,people are now shifting here, said an official of the Rajnagar Extension Builders Association (REBA).Consequently,property prices have gone up by 10-15 per cent in the last few months.

    Builders say both inquiries and bookings for flats have increased since the land acquisition controversy erupted in Noida Extension.For the last three months,we have been getting more than 20 enquiries a day and booking more than two flats every week, said a property agent,Ashok Chaudhury,in Rajnagar Extension.

    An ordinary two-bedroom-hall-kitchen (BHK) flat that would have cost Rs 15 lakh to Rs 25 lakh now costs Rs 18 lakh to Rs 30 lakh here, said the marketing head of a developer in Ghaziabad.More than 55,000 flats are scheduled to come up in Ghaziabad in the next 10 years,with roughly 5,000 of them in the upmarket Indirapuram area that lies close by Delhi.

    At present,32 housing projects accounting for 16,000 flats are coming up in Rajnagar Extension.As part of its commercial development plan,the region is set to have a special economic zone (SEZ),a golf course and a national stadium in the next few years, said the marketing head of a construction firm,Rohit Dagar.

    Ironically,it is the lack of government intervention in land acquisition deals that has kept Ghaziabad free from controversies of the kind now snowballing in Noida Extension.The biggest selling point of Ghaziabad over Noida Extension is that most of the land in the former including the entire Rajnagar Extension area is freehold land.Builders have bought it directly from farmers and villagers, said REBA president KK Goyal.You are the owner of your land once you buy it here,whereas in Noida Extension you hold lease rights over land for more than 90 years, he added.

    The entire 5,000 acres of land marked for development by the Ghaziabad Development Authority (GDA) in Rajnagar Extension is free-hold.Builders have bought land by making upfront payments to farmers and villagers without the intervention of the GDA, said Goyal.

    In Noida Extension,land is first acquired by the authorities,who then give it to builders on a lease.This has sown the seeds of confrontation as farmers,whose land is acquired,invariably protest that they have been shortchanged out of their property

    WHY GHAZIABAD SCORES OVER NOIDA EXTENSION


    FREEHOLD

    land as compared to leasehold land in Noida

    EASY ACCESS

    to Delhi,Noida

    24-HR BACKUP

    in most housing societies Ganga Jal Pariyojana to meet water demand Medical facilities with several hospitals in vicinity 16,000 flats in various stages of completion 55,000 flats to come up in next few years Flats in 1/2/3/4 BHK categories cater to all income groups Flats priced between Rs 18 lakh and Rs 1 crore 5000 acres for development in Rajnagar Extension area 2000 acres for residential purpose 3000 acres for commercial purposes 48 new projects in the pipeline.

    -TOI
    Last edited July 8 2011, 10:29 AM.
  • #2

    #2

    Re : TOI Article - How RNE (GZB) scores over NE

    GZB it's not good for the soul. Higher FAR's (50% more than NOIDA) just make for more crowded societies and stressed infrastructure.

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    • #3

      #3

      Re : TOI Article - How RNE (GZB) scores over NE

      Originally posted by madgeek View Post
      GZB it's not good for the soul. Higher FAR's (50% more than NOIDA) just make for more crowded societies and stressed infrastructure.
      That might be true for Crossings but not RNE.

      Comment

      • #4

        #4

        Re : TOI Article - How RNE (GZB) scores over NE

        Originally posted by Mogammo
        You are the victim of SICK psychology nothing else. FAR in RNE GZB is much lower than NE & N-Eway because due to HINDON AIRPORT maximum 8 to 13 floors are approved in RNE in all the societies however in NE and all upcoming Noida areas maximum floors approved are from 19 to 30. Check the facts FAR in RNE is just half then NE / N-Eway. All the 15 delivered societies till date in RNE have maximum 8 to 13 floors (confirmed) and have much more open area then any other locations.
        Apart from FAR, RNE is better than Noida, Noida Extn, due to proximity to delhi, Down to earth people, facilities with regards to value for money not only real estate but daily needs. Schools, Roads, Hospitals, Railway station, Bus adda, shared autos everything is in gbd but only one thing is missing Marketting of GBD from BMW Lobby.

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        • #5

          #5

          Re : TOI Article - How RNE (GZB) scores over NE

          Originally posted by dceite View Post
          That might be true for Crossings but not RNE.
          Why will there be different rules for different parts of Ghaziabad?

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          • #6

            #6

            Re : TOI Article - How RNE (GZB) scores over NE

            Originally posted by mohanpruthi View Post
            Apart from FAR, RNE is better than Noida, Noida Extn, due to proximity to delhi, Down to earth people, facilities with regards to value for money not only real estate but daily needs. Schools, Roads, Hospitals, Railway station, Bus adda, shared autos everything is in gbd but only one thing is missing Marketting of GBD from BMW Lobby.
            Yet. Prices are higher in Noida. Logic dictates, something must be up.

            Comment

            • #7

              #7

              Re : TOI Article - How RNE (GZB) scores over NE

              Originally posted by Mogammo
              For most of guys Quality of LIFE means only appreciation of money, again same SICK psychology. RNE GZB was started to develop just 3 years before and at this time 1 of the most costly & really GEM public school GD Goyanka is running with in the campus of RNE ie ZERO KM, other public schools like DPS , RYAN International and 10 more are just 3 to 6 KM far from RNE and school busses pass with in the campus of RNE.

              If giving returns is the only criteria to judge any location then read below thread and Newspaper news seriously & fully and then judge youself which area in NCR give highest return during last 1 years.

              https://www.indianrealestateforum.co...00-lac?t=19003

              https://www.indianrealestateforum.co...ney-ht?t=18769

              https://www.indianrealestateforum.co...00-psm?t=18879

              Don't take these things personally, unless it is affecting your business. Your use of CAPS and green colour is very disturbing.

              Indirapuram (part of GZB AFAIK) has been around for donkey's years and so have Vaishali etc (so much for your 3 years argument).

              I think there are half a dozen prominent schools (functional and upcoming) in the Noida Expressway region. This is when people haven't even started living there in any meaningful way Sec 93, 82 apart)

              As to quality of life... We shall see.

              And finally, prices in Noida. ah well. best you find out yourself.

              Anyway, lets dump the inconvenient facts for a minute and do a thought experiment.

              Let's say you had 1 crore in the bank. Where would you buy a flat/house? Noida or GZB?

              Comment

              • #8

                #8

                Re : TOI Article - How RNE (GZB) scores over NE

                Originally posted by madgeek View Post
                Let's say you had 1 crore in the bank. Where would you buy a flat/house? Noida or GZB?
                None. In Gurgaon.

                If i had 20 Lac, it would be RNE (and not Noida ExTENSION)
                If i had 35 lac, it would be noida expressway (with fingers crossed) - as my office is shifting to Noida Expressway

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                • #9

                  #9

                  Re : TOI Article - How RNE (GZB) scores over NE

                  its noida forum, why you are not having this discussion in GZB forum. Here it appears that Mogammo is trying to make fun of the issue. People here come to see facts....not for Joke's.

                  Comment

                  • #10

                    #10

                    Re : TOI Article - How RNE (GZB) scores over NE

                    True. avoid him. He is promoting RNE in NOIDA Forum.
                    Last edited July 8 2011, 03:45 PM. Reason: spelling mistake and additions

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