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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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  • #11

    #11

    Re : Should I invest in Greater Noida Now?

    Originally posted by abhishek1980 View Post
    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 ?
    no even inkling Dude.
    in fact I have contemplated Paras in resale.
    Thanks

    Comment

    • #12

      #12

      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 ?
      I want to know what do you think is reason of appreciation of Land's price. Authority allocation rate was 3k/m for Chi-v area. Now the price in 30K/M.
      Isn't that appreciation. Bhai...Flat ka pata nahi but price of land increase on the sole reason of being land.

      We have never sold our land so far, but last year our one plot in Meerut for 25 Lakhs which was bought for 45K in 1987. 60 times increase in 25 years. BEAT IT...No metro no rumor of airport was there.

      I gave you this example to help one understand that RE game of Land and flat are totally different thing. Land is like a plant you sow and ready to take care of it for long and it will reap fruits while flat investment is like trading commodity which needs a push at every step.
      Last edited May 14 2012, 01:29 PM.

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      • #13

        #13

        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 ?
        Yes, there are actually buyers at increased price; I am one of those. And I know MANY end-users like me who have bought there in last few months.
        'LIVE FOR INDIA'

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        • #14

          #14

          Re : Should I invest in Greater Noida Now?

          Originally posted by Gelato1982 View Post
          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...
          Folks have to actually live in Greater Noida to realise that it is not far from CP..and drive is great. GN to CP takes 30-40 minutes door to door. And people living in GN are not in this forum. Rest of the world is all "proposed". GN is today. One can safely invest in plot there (not YE, not NE, proper GN) as people looking to live there are not concerned with metro/airport...

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          • #15

            #15

            Re : Should I invest in Greater Noida Now?

            Originally posted by steelguy
            dude last 25 years mein sari property isse zyada appreciate kri hain my grand father bought a plot in delhi unauthorised colony nangloi Rs 250persqyd , 400sqyd plot and now rates there are 40k persqyd . So its 160 X times return . But main thing is now a days people dont buy property in NCR without connectivity greaternoida is 65 km away from majority of delhi areas my reason of buying here was inly things like .. Night safari , airport , metro , f1, like one of its kind things i thought this region would do better than others but its just opposite every oither region in NCR has done better then this . And selling a property here is a very hard task . And only possible below 15-20% of any market price.
            Proposed Airport has also been rejected now.

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            • #16

              #16

              Re : Should I invest in Greater Noida Now?

              By the way which are the top 3 locations/sectors ( or to be posh locations in future ) in GN that residents would rate ?

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              • #17

                #17

                Re : Should I invest in Greater Noida Now?

                Originally posted by abhishek1980 View Post
                By the way which are the top 3 locations/sectors ( or to be posh locations in future ) in GN that residents would rate ?
                Jaycee Greens
                Omega
                Chi Phi
                Thanks

                Comment

                • #18

                  #18

                  Re : Should I invest in Greater Noida Now?

                  Originally posted by cookie View Post
                  1. JayPee Greens
                  2. Omega
                  3. Chi Phi
                  I second that .. At this point, may be Swarn Nagri, Alpha1/2 or beta 1/2 may be #3 but in next 2 years Chi Phi will be #3.

                  There will be no change in #1 and #2.

                  Just to avoid silly questions, NRI City, Ansals are part of Omega sector.

                  My POV

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                  • #19

                    #19

                    Re : Should I invest in Greater Noida Now?

                    Originally posted by livingnspace
                    Onda bhai and cookie sir

                    Wouldnt opening of GV

                    Present Golf Course Give more advantage to Swarnnagri over NRI City

                    Also present of restricted gentry of 200 and 288..... which is easier to fill than 400 sq yrd plots

                    ???
                    Chi phi scores above Swarm nagari because of proximity to Yummuna expressway. and whatsoever ever development you will see in future this side. that's why
                    Thanks

                    Comment

                    • #20

                      #20

                      Re : Should I invest in Greater Noida Now?

                      Originally posted by livingnspace
                      That toh i agree with also plot sizes being bigger means a different gentry altogether.........


                      Chi is the best sector GNOIDa Pari Chowk area has


                      I was comparing the Omegas to S/N
                      Omega comprises township like NRI, Green wood, Ansal and also closest residential to Parichowk in Greater Noida
                      Thanks

                      Comment

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