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house in omicorn and mu1 greater noida

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house in omicorn and mu1 greater noida

Last updated: June 15 2013
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  • house in omicorn and mu1 greater noida

    Question for Aam aadmi and other senior members with good knowledge of Greater Noida region.

    What do you think about this investment :

    I came to know about 70 meters homes in sectors omicron and mu 1, greater noida.
    Built by the GN authority and first level is constructed.

    both are adjoining sectors.

    distance from pari chowk is around 4 kms (2 km right from p chok then
    left from gol chakkar - 2 km, correct me on this if I am wrong)

    A dealer is quoting 22.5 lacks

    I am taking it as a 5 years investment.

    I am not expecting rent in next 2 years or so...( will be bonus if I get any tenant before that), but I think it can be rented out after this much time period and it can fetch around 7 k rent.

    Questions :

    1. What are the prospects of appreciation?
    and what is the possibility to get rent from this?

    2. If anybody knows if this is free from allegation/dispute and the land is clean?

    Please advise.

    Thanks,
    Nitin.
  • #2

    #2

    Re : house in omicorn and mu1 greater noida

    Originally posted by nitin.vashi View Post
    Question for Aam aadmi and other senior members with good knowledge of Greater Noida region.

    What do you think about this investment :

    I came to know about 70 meters homes in sectors omicron and mu 1, greater noida.
    Built by the GN authority and first level is constructed.

    both are adjoining sectors.

    distance from pari chowk is around 4 kms (2 km right from p chok then
    left from gol chakkar - 2 km, correct me on this if I am wrong)

    A dealer is quoting 22.5 lacks

    I am taking it as a 5 years investment.

    I am not expecting rent in next 2 years or so...( will be bonus if I get any tenant before that), but I think it can be rented out after this much time period and it can fetch around 7 k rent.

    Questions :

    1. What are the prospects of appreciation?
    and what is the possibility to get rent from this?

    2. If anybody knows if this is free from allegation/dispute and the land is clean?

    Please advise.

    Thanks,
    Nitin.
    Buddy ... have you quit your plan for Logix - Sec 143 and Express way and moving at GN Projects?

    Dude .. you are rotating the same ques and calculation. I gave you my POV about 1bhk and Expressway ...

    Certainly you can ask about other projects as per experienced people here like AA Bhai for GN and they can help you in and out position of projects and its growth where as, they shall also indicate along with near by development (Which i shared earlier with you)

    but i shall make the open challenge to anyone if anyone can give 100 % assure prediction about "Returns"(Rent and Premium) in RE for next 5 years

    even if some one says, Do not rely on them.. One must be faking or trying to make the numbers.

    For any 1bhk, It is very important to calculate its return through its amenities, Location and features and calculate future rental, on the basis of comparing its "Assured Returns" which offered by other builders in different projects in similar location.

    But Best Of Luck !!
    If You Guys Are Going To Be Throwing Beer Bottles At Us At Least Make Sure They Are Full

    Comment

    • #3

      #3

      Re : house in omicorn and mu1 greater noida

      That area will take 5 -6 years to be liveable...and supply is high

      Location is very average

      Not suggested for investment with 5-6 frame which in RE is short term

      Keeping in mind Gnoida authority has concentrated all its evergy in developing Greater noida extension area and have left these sectors abandoned.....I dont see any progress for good 5-6 years

      If investment in Gnoida...it should be within 2 kms from Pari chowk

      Comment

      • #4

        #4

        Re : house in omicorn and mu1 greater noida

        some photos of MU- 2 block authority flats (by user Jay). you may get some idea of nearby sector
        Attached Files

        Comment

        • #5

          #5

          Re : house in omicorn and mu1 greater noida

          more photos.....
          Attached Files

          Comment

          • #6

            #6

            Re : house in omicorn and mu1 greater noida

            StudRawk : I am just trying to get the best option to invest my hard earned money. Have not dropped the idea of 1 BHK on E way.. just came across this deal through a broker and thought of checking with you guys here.
            Again, I am thankful to you for the info you have provided.

            AA and Fritolay : Thanks a lot for the info and pics.

            Thanks,
            Nitin.

            Comment

            • #7

              #7

              Re : house in omicorn and mu1 greater noida

              Greater Noida MU-1 update

              Find updates

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