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Greater Noida for investing/staying

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Greater Noida for investing/staying

Last updated: March 12 2012
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  • Greater Noida for investing/staying

    Any comments on investing in greater noida versus indirapuram?,investing for both staying there and making money in future.
  • #2

    #2

    Re : Greater Noida for investing/staying

    Investment Prospects in Greater Noida

    Hi Chaitali,

    I can throw light on investment prospects in Greater Noida. Hope that you will find them productive.

    Noida and Greater Noida were planned as twin cities as they also sound to be. However, they do not compete each other rather compliment each other. Rising prices of residential property in Noida is what encouraging the enthusiast investors to make a beeline for the well planned township of Greater Noida.

    Built up property in Sector 93A of Noida features a price tag of around Rs. 3, 500 per sq ft. This sector is situated on the expressway and is hardly 15 minutes away from Greater Noida. In Noida, rates of the land range between 35,000 – 65,000 sq m whereas in Greater Noida, they are between Rs. 16,000 – 22,000 per sq m.

    Prices have ascended by about 25-30% over the last one year in Greater Noida. However, rental rates are somewhat stable as compared to other properties. For that reason, people have been buying in the Greater Noida with the intention to pump in money to dig profits later. Moreover, most of apartment complexes being developed in Greater Noida provide the residents with a host of amenities including the clubhouse, swimming pool, and power backup. Indeed, development of IT-ITes sector in Greater Noida has encouraged most builders to come up with plush apartments to cater demanding requirements of managerial level employees.

    Alpha, Beta, Gamma and Delta are some of the known sectors in Greater Noida. Here, the going rate for land is Rs. 16,000 per sq m. Other important sectors that feature commercial plot of land for Rs. 18,000 per sq m include P3 and Swarna Nagari. However, the rate is the highest in NRI city at around Rs 22,000-25,000 per sq m.

    With its well off populace, it’s but natural for the place like Greater Noida to fulfill the future prospects of the next generation of its citizens. From schools, to institutes offering technical education, to business schools, the city has something in store for every educational demand. IIT Roorkee and BITS Ranchi and National Law School are set to develop their campus here.

    Greater Noida is also catching the eye of multinational companies that are eager to pump in here. Major conglomerates that have invested in the place are Moser Baer- which has set up the world’s largest optical media production facility here. Others global players are LG Electronics, Shriram Honda Power equipment, Escorts Yamaha, Honda Siel Cars India, Haier appliances, Videocon International, and Konka of China.

    Office spaces are under construction here from property developers such as Nitishree developers Pvt. Ltd, who are all set to come up with MSX Tower I and II. The capital value of office space in Greater Noida here ranges from Rs. 3,000-8,000 per sq ft.

    HAPPY INVESTING!!!

    Comment

    • #3

      #3

      Re : Greater Noida for investing/staying

      An investors paradise in waiting...

      To add to the above facts....

      Greater Noida has advantages of better connectivity, power and water supply. But the region is also witnessing lesser occupancy as many buyers are buying property for investment purposes. Moreover, the Commonwealth Games ’10, to be held in the east of Delhi, is leading to a lot of action in the hospitality segment.

      Greater Noida too is set to emerge as a major IT-ITES hub. While Wipro has already acquired a large parcel of land, Infosys and Intel are also in the fray.Its advantages include good connectivity via the expressway, strong infrastructure,and affordable land prices.

      Indirapuram and Dwarka have also seen a lot of action. But right here, right now... it's Greater Noida which is stealing the limelight.

      Comment

      • #4

        #4

        Re : Greater Noida for investing/staying

        Greater noida might look good on the plan and papers but one thing that the government/Authority forgets after planning a city like greater noida is the basic facilities that are required to sustain the growth of the city.

        Greater noida with a population of a few lakhs is already facing problems like power shortage. The transportation is pathetic. There are a few buses which connect the sectors and their service is really bad. Power condition is really grim as there are power cuts for about 12-18 hrs. Even though the power is handled by private sector players like NPCL.

        It is very important for growth of any city is the basic ameneties that are provided to a citizen.
        I agree that it may take time , but how much time is required ? If it takes 10- 20 years to provide the basic facilities then the people who had high hopes and bought their dream houses there will have to wait their life time for it.

        So it may be a good decision to invest in greater noida if you don't want to live here. But , if you are planning to invest for staying here beware and be ready to face the harsh realities which any builder / Real estate agent will never tell you.

        Comment

        • #5

          #5

          Re : Greater Noida for investing/staying

          This is old post and wondering what forum members think about Greater Noida in terms of living and investment now.

          One of the posts above mentions office space projects MSX Tower I and II. Anyone have any idea how these towers are doing? How much appreciation has taken place?

          Comment

          • #6

            #6

            Re : Greater Noida for investing/staying

            bhai appreciation ka to pata nahin depriciation to jarur hoga
            Life is good.

            Comment

            • #7

              #7

              Re : Greater Noida for investing/staying

              Originally posted by Bingo View Post
              Hi Chaitali,

              I can throw light on investment prospects in Greater Noida. Hope that you will find them productive.

              Noida and Greater Noida were planned as twin cities as they also sound to be. However, they do not compete each other rather compliment each other. Rising prices of residential property in Noida is what encouraging the enthusiast investors to make a beeline for the well planned township of Greater Noida.

              Built up property in Sector 93A of Noida features a price tag of around Rs. 3, 500 per sq ft. This sector is situated on the expressway and is hardly 15 minutes away from Greater Noida. In Noida, rates of the land range between 35,000 – 65,000 sq m whereas in Greater Noida, they are between Rs. 16,000 – 22,000 per sq m.

              Prices have ascended by about 25-30% over the last one year in Greater Noida. However, rental rates are somewhat stable as compared to other properties. For that reason, people have been buying in the Greater Noida with the intention to pump in money to dig profits later. Moreover, most of apartment complexes being developed in Greater Noida provide the residents with a host of amenities including the clubhouse, swimming pool, and power backup. Indeed, development of IT-ITes sector in Greater Noida has encouraged most builders to come up with plush apartments to cater demanding requirements of managerial level employees.

              Alpha, Beta, Gamma and Delta are some of the known sectors in Greater Noida. Here, the going rate for land is Rs. 16,000 per sq m. Other important sectors that feature commercial plot of land for Rs. 18,000 per sq m include P3 and Swarna Nagari. However, the rate is the highest in NRI city at around Rs 22,000-25,000 per sq m.

              With its well off populace, it’s but natural for the place like Greater Noida to fulfill the future prospects of the next generation of its citizens. From schools, to institutes offering technical education, to business schools, the city has something in store for every educational demand. IIT Roorkee and BITS Ranchi and National Law School are set to develop their campus here.

              Greater Noida is also catching the eye of multinational companies that are eager to pump in here. Major conglomerates that have invested in the place are Moser Baer- which has set up the world’s largest optical media production facility here. Others global players are LG Electronics, Shriram Honda Power equipment, Escorts Yamaha, Honda Siel Cars India, Haier appliances, Videocon International, and Konka of China.

              Office spaces are under construction here from property developers such as Nitishree developers Pvt. Ltd, who are all set to come up with MSX Tower I and II. The capital value of office space in Greater Noida here ranges from Rs. 3,000-8,000 per sq ft.

              HAPPY INVESTING!!!

              Nitishree builders to jail chala gaya.........
              Gnoida me 5% per annum se depreciation hi ho raha hain...

              Comment

              • #8

                #8

                Re : Greater Noida for investing/staying

                Originally posted by vatsalbajpai View Post
                Nitishree builders to jail chala gaya.........
                Gnoida me 5% per annum se depreciation hi ho raha hain...
                Boss....the prices of plots have increased multi folds....i met a broker who has three plots in GN...he bought them for 3(+)KPSM 5-6 years ago and now the price is above 30K....

                Dont know why the world is after GN which is the best planned area in entire GN

                May be...its the mentality that we are so used to the crowdy areas. we would sigh every time we watch green and open europe in movies but would bring down our neighborhood which is green, open and planned.

                Comment

                • #9

                  #9

                  Re : Greater Noida for investing/staying

                  Originally posted by Jai_Singh View Post
                  Boss....the prices of plots have increased multi folds....i met a broker who has three plots in GN...he bought them for 3(+)KPSM 5-6 years ago and now the price is above 30K....

                  Dont know why the world is after GN which is the best planned area in entire GN

                  May be...its the mentality that we are so used to the crowdy areas. we would sigh every time we watch green and open europe in movies but would bring down our neighborhood which is green, open and planned.
                  Jai Bhai

                  Even Flats who have booked 6 years back in 30-40 lac are now being sold at 55-80 lacs.
                  Unitech Heights (1950 sqft) 55-60lac)
                  ATS(1700 Sqft) 65-70lac)
                  Thanks

                  Comment

                  • #10

                    #10

                    Re : Greater Noida for investing/staying

                    Originally posted by Jai_Singh View Post
                    Boss....the prices of plots have increased multi folds....i met a broker who has three plots in GN...he bought them for 3(+)KPSM 5-6 years ago and now the price is above 30K....

                    Dont know why the world is after GN which is the best planned area in entire GN

                    May be...its the mentality that we are so used to the crowdy areas. we would sigh every time we watch green and open europe in movies but would bring down our neighborhood which is green, open and planned.

                    Jai bhai...sorry agar aapko laga main gnoida ke against hu !!!
                    I was only commenting on Nitishree builders and some plot holders who are original allottees in outside sectors and cannot sell.
                    It is a good place to live but NO JOBS !!!

                    And your broker has made so much money and still a broker !!!!!!!

                    Comment

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