Elections round the corner and infra projects (ESIC Hospital, Rajnigandha and sector-44 underpass/flyover getting ready before time. Yamuna eway to get fully operational by march 2012. My predictions for FY 2012 are like this-
Residential prices will appreciate by 10-15% as there are very little deliveries coming up in 2012, in addition there are hardly any new launches in last 6 months and builders are not going to launch any project(in next 4 months) due to elections, it is going to be a mixed bag where good properties will be in demand and average properties will be in over supply. Plots are scarce and prime land is already finished. Nextn will see FAR going as high as 3.5 and density could reach 200 FPA. Gnida plots will see a surge in demand this year due to its price advantage. Gnida flats will remain flat with little appreciation.
Commercial demand will see a surge due to notice by the top court to all commercials plying from residences eg banks, clinics, travel agencies, stationery shops etc. This is good news for those who are holding commercial properties
Industrial sector will be sluggish even though industry is seeing a slow recovery.

According to me this is not a bad time to buy because it is a buyers market as of now. It might become a sellers' market after april 12.

Looks like BSP might not come with full majority in UP. It could be BSP+Congress+++
SP+Congress+++

WHoever comes into power would like to improve impressions thereby improve overall development in Noida/Gnida region.
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  • i think with NE issue still continuing .. noida project prices will increase further :(
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  • The year to decide future of both the cities , its going to be really tuff and hard time for both Noida and GNIDA. This is real test for them. watch and see when, how much they can manage...
    So far they doing good job but now excellent required :)

    Thanks,
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  • Originally Posted by Munish Malhautra
    Elections round the corner and infra projects (ESIC Hospital, Rajnigandha and sector-44 underpass/flyover getting ready before time. Yamuna eway to get fully operational by march 2012. My predictions for FY 2012 are like this-
    Residential prices will appreciate by 10-15% as there are very little deliveries coming up in 2012, in addition there are hardly any new launches in last 6 months and builders are not going to launch any project(in next 4 months) due to elections, it is going to be a mixed bag where good properties will be in demand and average properties will be in over supply. Plots are scarce and prime land is already finished. Nextn will see FAR going as high as 3.5 and density could reach 200 FPA. Gnida plots will see a surge in demand this year due to its price advantage. Gnida flats will remain flat with little appreciation.
    Commercial demand will see a surge due to notice by the top court to all commercials plying from residences eg banks, clinics, travel agencies, stationery shops etc. This is good news for those who are holding commercial properties
    Industrial sector will be sluggish even though industry is seeing a slow recovery.

    According to me this is not a bad time to buy because it is a buyers market as of now. It might become a sellers' market after april 12.

    Looks like BSP might not come with full majority in UP. It could be BSP+Congress+++
    SP+Congress+++

    WHoever comes into power would like to improve impressions thereby improve overall development in Noida/Gnida region.


    Agree with this.

    Except perhaps GNIDA plots - people who live in buider floors or villas are unlikely to want to live in GNIDA - too far. Will prefer locations closer to Delhi.

    Still, with plot prices everywhere shooting up, some mirage paper value will be seen - but there will be no deals on the GNIDA plots from end users. Basically, a place not worth living in will not appreciate beyond a point - look at Gurgaon HUDA plots - still below 1L in many places.

    Better option is plots in undeveloped locations like YEW - they will appreciate a lot before delivery. Already bloated to GNIDA like levels.

    I think 10-15% ss too conservative a return in 2012. a 30% bump after the elections seems possible.

    Good point about the commercial RE - but location for banks cannot be too far from the population centers, so mixed commercial - residential plots in old NOIDA will see best returns
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  • Venky,

    you mean 30% jump for Noida flats? for both RTM and under construction? Looks steep to me.

    Why d you think the YEW plots would beat GNoida plots? (as u say they are already at GNoida levels, and feel they will appreciate more). I feel YEW is driven more by hawabaazi than demand.
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  • Noida - Price for Noida will not move further till Q1-2012… If NE issue is sorted out in Q2 than don’t expect more than 5-7% in Noida property rates… NE is available/Clean AT 2500-2700 so why one should invest at 3800-4500…

    Pls note that farmers can go to SC till 90 days of HC judgment so which is about to over by coming 18th Jan 2012.. after that.. no farmers can move to SC… so wait till 18th and than we will again post prediction based on NE issue.

    Another part is NCR approval which may be given in next few days…they can not hold another 2-3 months as buyers may start protesting on NCR board office.


    NE- Prediction can not be done before 18th Jan (moving to SC deadline)…. After than NCR board approval… IF all go well.. than price will remain 2600-2700 in NE till next 3-4 months since builders may increase price from 2200 to 2700 so no further increase…

    Rest of G.Noida = Flats..... same rate of appreciation…3-7%.... Plots….20-22% YES.. pls note that authority has increased allotment rate by 25%.... so at-least 20-25% growth possible
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  • From magicbricks it is observed that rentals for apartments in developed sectors of Noida like sector 50(17/sqft), 93A(19/sqft), 61(18/sqft) are quoting much higher than apartment rates in most parts of Delhi(14-16/sqft) whereas property rates in Delhi are much higher.

    Is this a indicator for property rates to rise in Noida to come at par with Delhi.
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  • Originally Posted by amarakbar
    From magicbricks it is observed that rentals for apartments in developed sectors of Noida like sector 50(17/sqft), 93A(19/sqft), 61(18/sqft) are quoting much higher than apartment rates in most parts of Delhi(14-16/sqft) whereas property rates in Delhi are much higher.

    Is this a indicator for property rates to rise in Noida to come at par with Delhi.


    This is not NEW Thing for Noida or Near Areas... This is happening from last 5 years.. Even Rental Income in IP/Vaishali is same or more then same size apartment of Dwarika/Rohini/Janakpuri/Pitampura.... however Capital Value Different is at Least 2 Times..... Delhi is Mainly benefit of No Much Supply so that Capital Value is so High in DELHI.
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  • But if there is less supply in Delhi then logically rentals should have been much higher. Landlord could have demanded higher rents for their properties in Delhi if actually there was shortage. Very difficult to understand.
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  • Originally Posted by amarakbar
    But if there is less supply in Delhi then logically rentals should have been much higher. Landlord could have demanded higher rents for their properties in Delhi if actually there was shortage. Very difficult to understand.


    Why so confusion.... I have lived 4 years in Delhi and Living 7 years in GZB.... Delhi is maximum Business Class Areas with huge black money and living in their own parental homes..... Noida and Near Belt is Service Class Area and at RENT person Lives where his office is near so RENTAL Income in Noida & Near Belt areas is higher then Pitampura/Pachim Vihar/Janakpuri.... Simple... Economics of Proper Delhi & Noida is Different....
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  • When compared to Mumbai (30-80 /sqft) the rents in so called proper Delhi are even lower than the suburbs of Mumbai.
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  • MAIN FACTOR:

    Who becomes the CM & How the new govt. makes an effort to attract Top industries and MNCs in the region....

    Failure to do so and selling every inch of land to builder will not do any good to this region
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  • Originally Posted by fritolay_ps
    Noida - Price for Noida will not move further till Q1-2012… If NE issue is sorted out in Q2 than don’t expect more than 5-7% in Noida property rates… NE is available/Clean AT 2500-2700 so why one should invest at 3800-4500…

    Pls note that farmers can go to SC till 90 days of HC judgment so which is about to over by coming 18th Jan 2012.. after that.. no farmers can move to SC… so wait till 18th and than we will again post prediction based on NE issue.

    Another part is NCR approval which may be given in next few days…they can not hold another 2-3 months as buyers may start protesting on NCR board office.


    NE- Prediction can not be done before 18th Jan (moving to SC deadline)…. After than NCR board approval… IF all go well.. than price will remain 2600-2700 in NE till next 3-4 months since builders may increase price from 2200 to 2700 so no further increase…

    Rest of G.Noida = Flats..... same rate of appreciation…3-7%.... Plots….20-22% YES.. pls note that authority has increased allotment rate by 25%.... so at-least 20-25% growth possible


    AFAIK, this 90 day period to file the appeal is a soft deadline. One can file a SLP even after a long delay of say 1-2 years along with a prayer for condoning the delay. Then it is the discretion of judge to accept or reject the appeal.

    If the elections results lead to a hung assembly, then the proceedings in courts will continue for months and years to come.
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  • GN seems to have many many students, so many colleges have come up and hostels are coming up everywhere, i was told that people r getting good rentals with hostels concept now...with so many colleges coming up, predictions have to be good for GN ...my message to upcoming govt : just bring some industries n generate jobs there, bring one airport in jewar and one metro station at pari chowk , at least announce all this , rest property brokers will manage...lol
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  • - Most of the residential flat societies have banned the students
    - Infact even in plot sectors many RWAs have started taking action

    So rental due to students is not something which can be relied upon

    The region needs corporate presence...there are enough industires...its the offices which are absent
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  • It is mainly kothis converted to hostels.
    Corporate presence is must, yes, i agree...
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