Any comments on investing in greater noida versus indirapuram?,investing for both staying there and making money in future.
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  • 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!!! :) :)
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  • 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. :)
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  • 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.
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  • 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?
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  • bhai appreciation ka to pata nahin depriciation to jarur hoga
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  • Originally Posted by Bingo
    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...
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  • Originally Posted by vatsalbajpai
    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.
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  • Originally Posted by Jai_Singh
    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)
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  • Originally Posted by Jai_Singh
    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 !!!!!!!
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  • Originally Posted by cookie
    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)



    Cookie bhai ...Average joe ki post puri pad lo..rate clear ho jayenge...;)
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  • Originally Posted by vatsalbajpai
    Cookie bhai ...Average joe ki post puri pad lo..rate clear ho jayenge...;)

    I know

    I don't need to read, we have already discussed all that many times in the some other thread.
    I am talking about current ongoing rate.
    If you talk to broker and check out online,you will find rates much higher than the rate I am talking about.
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  • Jai bhai...sorry agar aapko laga main gnoida ke against hu !!!

    Sir aapka to pata nahi ...lekin har doosra banda GN ke against hai....without even understanding that GN is not only about appreciation. Its about the things which are not available any where in NCR apart from VVIP area of Delhi.

    I was only commenting on Nitishree builders
    You might be saying about this particular builder but there would surely come a fellow
    saying..."dekha...maine kaha tha na,,,,GN se bacho....no one talks about the delays that people have to suffer in GGN.


    and some plot holders who are original allottees in outside sectors and cannot sell.


    its simply their luck or bad decision or they are demanding unreasonable price....what abt CR...any apprciation in CR ..NO.
    Many builder will run away in NE also....just imagine what would be the plight of the buyers.
    The original allottees have atleast some Land in GN. Land is not built any more by god.

    It is a good place to live but NO JOBS !!!
    nows thats an irony.....we indians keep ranting about inhygenic and pathetic quality of living but would surely decimate the GN.

    Wow,,,what an irony,....people are ready to live and raise their kids in crowdy and polluted areas to be closer to their job/office but would not like GN which would offer the closeness of nature and pure air.

    What people do in the time saved by staying closer to office....
    do we indian work out in free time...NO
    do we indian follow any hobby in free time ...No
    do we india do some social service in free time....No

    We save time by living in crowdy and polluted areas only to kill it by visiting malls,chatting, gossiping or eating inhygenic food on roads :(

    AND

    GN does have Jobs...ST micro, wopro,HCL, NIIT to name a few. And jobs on Noida Eways would be very close to GN...even closer than the many sectors on Noida.

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

    so what if he chooses to be a broker....it his business and he has more money,muscle, knowledge and free time than many members of this forum.
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  • Originally Posted by vatsalbajpai
    Cookie bhai ...Average joe ki post puri pad lo..rate clear ho jayenge...;)

    I don't think you come online often
    We have already discussed all that many time in other thread.
    one year back Flats in Unitech Heights was available at 45-50 lac, at present the same is available at 55-60 lac depending on the location and level.
    If you check out the , broker are quoting higher than the rate i mentioned.
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  • Cookie Bhai.... seems IREF is not happy with you.... everytime I log-off... notification message shows "All Cookies have been deleted":D
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  • Originally Posted by Jai_Singh
    Jai bhai...sorry agar aapko laga main gnoida ke against hu !!!

    Sir aapka to pata nahi ...lekin har doosra banda GN ke against hai....without even understanding that GN is not only about appreciation. Its about the things which are not available any where in NCR apart from VVIP area of Delhi.

    It is a good place to live but NO JOBS !!!
    nows thats an irony.....we indians keep ranting about inhygenic and pathetic quality of living but would surely decimate the GN.

    Wow,,,what an irony,....people are ready to live and raise their kids in crowdy and polluted areas to be closer to their job/office but would not like GN which would offer the closeness of nature and pure air.

    What people do in the time saved by staying closer to office....
    do we indian work out in free time...NO
    do we indian follow any hobby in free time ...No
    do we india do some social service in free time....No




    Jaibhai, I do fully understand what you mean. GN is a great place to LIVE. May not be for all but many people love GN kind of setting and environment.

    When I told that I am seriously looking for GN, my relatives, padoshi and friends all started "sau mile door hain", "Jungle hain", "duniya ke bahar" .. and the most surprising fact ... none of them ever visited GN. It is so foolish but these people will still comment. When asked they will refer to some Sharmaji who frequent GN!!

    Then I visited and I just loved it. Few of my relatives and friends who were with me in my various trips to GN are all amazed to see GN. Few even regreting their purchase in Noida.

    I believe the negative sentiment is very good for our type of end users. We are least concerned about any appreciation but we are overly concerned about a very crowded and polluted living.
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