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Should I invest in Greater Noida Now?

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Should I invest in Greater Noida Now?

Last updated: May 17 2012
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  • Should I invest in Greater Noida Now?

    Need your advice on a buying decision. I want to invest in a residential plot. I have been researching for 6 months and have shortlisted a plot in sec-31, greater noida.

    It is purely for investment purpose and horizon is 7 years post which i want to sell it off and book profits.

    I had also considered 'apartments' and 'commercial office space' but concluded that they are in over-supply at least for the time being and might see correction over next 12-18 months.

    I was upbeat about 'retail spaces' but again ignored it as i wanted to invest in a prime retail space of a prime locality but was getting small
    'covered area' in my budget of 60 Lacs.

    I finally concluded on residential plot (200 sq. m) in sec-31, greater noida.

    While I am totally satisfied about the future of this town over a 20 year
    investment horizon, but I have the following apprehensions:

    - Whether this is the 'right time' to buy ? Various analysts feel that world economy is slowing, US has a looming recession, indian economy is showing signs of deceleration, inflation and interest rates are hardening and realty prices are tapering off and correcting.
    Research reports are saying of a possible further correction of 15% from here.

    - i have observed that in last 1 - 1.5 years realty has stagnated in general. In particular, there has been mixed trends. eg. gurgaon has corrected, rohini (i.e. delhi) has appreciated hugely and greater noida (a tier-II city) has remained static. This is further confusing my decision. It seems that satellite towns might not appreciate for the time being and there could be stagnancy for 2-3 years. Since my investment horizon is only 7 years i am apprehensive about my 'timing' of buying.

    - My funds are presently parked in FDs, yielding after-tax returns of 8%. If greater noida remains static i will lose on the opportunity cost of FDs.
    Also if there is any forecast for correction, i can buy this plot at a lower rate in 1-2 years.

    - some reports say that correction will only apply to residential apartments and commercial office spaces and not on residential plots and retail spaces

    Kindly advise on -

    - View on future price trends for greater noida 'plots' (not apartments) . will there be major corrections?

    - should i buy now or hold on the decision for the time being.

    looking forward to your help and advice

    rgds

    Manish Gupta
    Last edited May 14 2012, 03:08 PM.
  • #2

    #2

    Re : Should I invest in Greater Noida Now?

    Hi Manish
    You have to consider one thing in property that if the location which you are choosing is good then irrelevant of the market conditions your property can always fetch you returns.

    Moreover you are ready to invest in property for a horizon of 7 years which by any standard is not a small investment horizon and if you are thinking to wait for another 1-2 years chances are that prices may not go down drastically in noida area bcoz you have to consider the fact that commonwealth are planned for 2010 and noida in anycase being one the best satellite towns can not escape from the real estate fever .

    Apart from this reason there are many other factors like formula one racing track ,proximity to delhi,airport,public transportation system is best in noida compared to other satellite towns ,this area offers you the best it job opportunities and due to the debacle in u.s.a it is possible that large nos of indians may come back to india and once they are back then possibly the demand may go up coz they will be the people hvng money and wld like to invest in property as this is still the most preferred investment area,

    Comment

    • #3

      #3

      Re : Should I invest in Greater Noida Now?

      Well said... Greater Noida is Dead and thing of past, after next few days No body would even remember the name !!

      DMIC,EP Expressway,Y Expressway Infra projects still hold good opportunity for this Region.
      Correct if I am missing something...

      Cheers!!
      Thanks

      Comment

      • #4

        #4

        Re : Should I invest in Greater Noida Now?

        No one will remember GN except..1 lakh ppl already residing in well developed Greater Noida. .

        And ..compared to "proposed" Jewar airport, IGI airport was always closer. Residents of GN know that.

        Comment

        • #5

          #5

          Re : Should I invest in Greater Noida Now?

          Jewar airport cancellation is a blow. But it is not a fatal blow.. no way.... It is like an own goal by the new chief minister. It is like shooting oneself in the foot in order to spite one's political opponents.

          In any case, DIAL has had a one point strategy to shoot down any Jewar proposal coming in from the UP govt. It had not taken off since 2001... Dunno what realistic chance it had even if the new UP govt backed it now.

          As a resident of Greater noida for past many years, i can still vouch that in years to come, it will be the envy of NCR when everywhere else is crowded out.

          From pari chowk to India gate still takes only about 30 mins.... even when driving leisurely. Today there is a bottle neck near Maha maya during peak hours. But once the bridge is expanded, it is a 6 lane road from greater noida to all the way to the heart of New Delhi.

          Greater Noida's time will come...
          My Brain Hurts

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          • #6

            #6

            Re : Should I invest in Greater Noida Now?

            I am surprised to see people here so out of touch with reality. GNOIDA plot rates have appreciated more than any other place in NCR in last 6 months. Go and check the actual deals that have taken place.
            'LIVE FOR INDIA'

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            • #7

              #7

              Re : Should I invest in Greater Noida Now?

              Originally posted by steelguy
              eastern peripheral expressway or EPE .would take atleast a decade see its brother western peripheral expressway (WPE) .it took 7 years and still the work is not even 3/4th completed .i would say avoid investment in this region ,and other regions like faridabad would get beneffited now.
              investments in bptp flats Neharpar would be better than investment in gr Noida plots?????
              Thanks

              Comment

              • #8

                #8

                Re : Should I invest in Greater Noida Now?

                Hey guys sorry to interrupt..Just wanted to know the actual definition of APPRECIATION ...

                With airport n metro plans gone for a toss i just want to know if demand is still on in GN ? I mean the prices of flats and plots might hv increased in last few months before this news but now ARE THERE ANY BUYERS for this property at the so called appreciated price ? Or is it that appreciation is only on papers/in theory right now ?

                Have only the rates INCREASED or do we hv buyers too at this increased price ?

                Comment

                • #9

                  #9

                  Re : Should I invest in Greater Noida Now?

                  Originally posted by abhishek1980 View Post
                  Hey guys sorry to interrupt..Just wanted to know the actual definition of APPRECIATION ...

                  With airport n metro plans gone for a toss i just want to know if demand is still on in GN ? I mean the prices of flats and plots might hv increased in last few months before this news but now ARE THERE ANY BUYERS for this property at the so called appreciated price ? Or is it that appreciation is only on papers/in theory right now ?

                  Have only the rates INCREASED or do we hv buyers too at this increased price ?
                  no buyers only brokers and investors resorting to distress sell.
                  Thanks

                  Comment

                  • #10

                    #10

                    Re : Should I invest in Greater Noida Now?

                    Hey cookie do u feel that projects like Paras Tierea will also get affected by this ? A few frenz of mine have invested there at 2800 psf as well as 3400 psf levels..

                    Any suggestions ?

                    Comment

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