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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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  • #21

    #21

    Re : Should I invest in Greater Noida Now?

    Originally posted by cookie View Post
    Omega comprises township like NRI, Green wood, Ansal and also closest residential to Parichowk in Greater Noida
    Yes, the entire area is called Omega and splited into P1, P2, P3...P7/8

    P1 is NRI City

    P2 is IAS Colony, Golf Views, Engineers etc

    P7 ya 8 is Ansal

    Swarn Nagri and Alpha/Beta are also equally good area ... lekin exam mein sab log topper nehin ban saq te hain.. and it all depends on personal preferences. just 19/20 ka phark.

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    • #22

      #22

      Re : Should I invest in Greater Noida Now?

      Living & space
      I have recently shifted to my own flat in AWHO.Also, purchased a plot in swarn nagri. For buying plot in swarn nagri, i did a lot of running around and research Before i shifted and invested here, I heard everyone cursing GN as a pathetic investment destination and tried to figure out why people thought like that.
      What ever little knowledge i have of RE, i have noted the following pts
      1. GN had an phenomenal increase in price from 1996-2000 ( about 1500- 5000 in 3 years( reason - had just come into existence , was touted as the best planned city after independence AND ALL THIS COINCIDED WITH STOCK MARKET BOOM OF ***.COM ERA hence, it attracted large no of investors
      2. it stayed around this level or even slipped a bit for next couple of years
      3. Fron 2002-2007-8, it skyrocketed about 7 times, all this coincided with stock market boom, mayavati coming into power in 2007, overall RE boom in India and every tom ,dick and harry turning into a builder in this area
      This last boom was totally artificial because of too many bullish factors coming into picture SIMULTANEOUSLY, swarn nagri, alfa sectors touched 30 k and flats were booked at 3k/ft. This increase was more ridiculous than anywhere else in INDIA .Even, Delhi and GGN saw 3-4 times gain only
      4. AND IN MY ANALYSIS, PEOPLE WHO GOT TRAPPED AT THESE LEVELS, HAVE REALLY SUFFERED BADLY . And they have contributed to the bad name that this place got
      5. I feel that now the present rates are quite justified and are bound to increase from here mainly because had this boom of 2002-08 not been so vicious, the rates would have reached where they are now NATURALLY ( airport, metro etc may contribute but even in areas where there are no such plans and the home buyers buy because they need a home, plots appreciate about 20% per annum over 10+ years ( 12% per annum and about 40% in between for a couple of years during boom which invariably comes in 10-12 year cycle of any asset class be it shares,RE or commodities)

      Your comments pl

      Comment

      • #23

        #23

        Re : Should I invest in Greater Noida Now?

        Originally posted by jatinder1234 View Post
        Living & space
        I have recently shifted to my own flat in AWHO.Also, purchased a plot in swarn nagri. For buying plot in swarn nagri, i did a lot of running around and research Before i shifted and invested here, I heard everyone cursing GN as a pathetic investment destination and tried to figure out why people thought like that.
        What ever little knowledge i have of RE, i have noted the following pts
        1. GN had an phenomenal increase in price from 1996-2000 ( about 1500- 5000 in 3 years( reason - had just come into existence , was touted as the best planned city after independence AND ALL THIS COINCIDED WITH STOCK MARKET BOOM OF ***.COM ERA hence, it attracted large no of investors
        2. it stayed around this level or even slipped a bit for next couple of years
        3. Fron 2002-2007-8, it skyrocketed about 7 times, all this coincided with stock market boom, mayavati coming into power in 2007, overall RE boom in India and every tom ,dick and harry turning into a builder in this area
        This last boom was totally artificial because of too many bullish factors coming into picture SIMULTANEOUSLY, swarn nagri, alfa sectors touched 30 k and flats were booked at 3k/ft. This increase was more ridiculous than anywhere else in INDIA .Even, Delhi and GGN saw 3-4 times gain only
        4. AND IN MY ANALYSIS, PEOPLE WHO GOT TRAPPED AT THESE LEVELS, HAVE REALLY SUFFERED BADLY . And they have contributed to the bad name that this place got
        5. I feel that now the present rates are quite justified and are bound to increase from here mainly because had this boom of 2002-08 not been so vicious, the rates would have reached where they are now NATURALLY ( airport, metro etc may contribute but even in areas where there are no such plans and the home buyers buy because they need a home, plots appreciate about 20% per annum over 10+ years ( 12% per annum and about 40% in between for a couple of years during boom which invariably comes in 10-12 year cycle of any asset class be it shares,RE or commodities)

        Your comments pl
        Very good and valid observation.

        Many and many people failed to understand this or they pretend to ignore this. Whenever you talk about boom or crash, there has to be a reference point.

        You can not set reference point to suit your objective .. take a reasonable reference point like 5 years or 10 years.

        You very rightly said that the price now is already discounted price from the artificial boom.

        Agree to your observation.

        Comment

        • #24

          #24

          Re : Should I invest in Greater Noida Now?

          I refrain from commenting on appreciation thing as you are labelled as B by those invested elsewhere and know Zero about this area though I know the ground truth.
          I would say greater Noida had appreciated in 2 years most and not because of Hawa Infra.

          1 rates are reasonable for the kind of flats and societies you have in Gr Noida. inFact rare in NCR.
          2 quality living
          3 no pollution
          4 everything available schools to hospital.
          5 no over supply of pigeon holes.


          if I talk about appreciation part Greater Noida has given more returns than vaishali Ghazibad in last 1 and half year that's my case. don't know about others.
          Last edited May 14 2012, 05:53 PM.
          Thanks

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          • #25

            #25

            Re : Should I invest in Greater Noida Now?

            Originally posted by cookie View Post
            I refrain from commenting on appreciation thing as you are labelled as B by those invested elsewhere and know Zero about this area though I know the ground truth.
            I would say greater Noida had appreciated in 2 years most and not because of Hawa Infra.

            1 rates are reasonable for the kind of flats and societies you have in Gr Noida. intact rare in NCR.
            2 quality living
            3 no pollution
            4 everything available schools to hospital.
            5 no over supply of pigeon holes.


            if I talk about appreciation part Greater Noida has given more returns than vaishali Ghazibad in last 1 and half year that's my case. don't know about others.
            I am also here for the quality of life and not investment, per se
            I have just tried to analyse from an investor's POV and why they talk ill of this place to whom so ever they meet.
            Thanks

            Comment

            • #26

              #26

              Re : Should I invest in Greater Noida Now?

              Originally posted by livingnspace
              Jatinder ji,

              kudos for a great background of GNOIDA........... I appreciate it

              Can you Please comment on your recent purchase Swarnnagri on this thread
              http://www.indianrealestateforum.com...ats-31297.html

              I would appreciate it


              Now About GNOIDA

              Just Ball parks

              Rates Near Jasola ( Above 2 lakhs per sq mtr)
              Noida Jaypee KP (85000 rs per sq yrd seller available )
              Sector 46 (1,15,000 psm )
              Sector 105 and 108 (1,10,000 to 1,25,000 psm)

              GNOIDA
              Decent sector (35000-40000 sq mtr)
              Noida Ext (28000 psm )
              YEW (10000-12000 sq mtr)

              I would say the rates in GNOIDA are definitely justified but in Short term I do not see any reasons for Increase or decrease in the particular rates due to heavy supply from Noida Extention and YEW........


              Short term Delhi will see an increase in rates due to the ruling of Closing of GPA for deals making transactions less and an immediate supply crunch This could have a domino effect and increase rates for NOIDA and GGN as investment and Market sentiments could shift there ............ people would value land more than anything

              Due to a definite World presence of F-1 GNOIDA gets the advantage of People visiting the place making it a definite choice for investment ...... expo mart and the Greg Norman golf Course is also a plus .............opening of YEW will definitely further give advantage

              Expressway Jobs are he key to development of GNOIDA and not only from the delhi Side all big firms in UP AGRA side Kanpur Lucknow could see a potential of shifting to the NCR region address to NOIDA and yamuna Expressway Making Life easier .....


              One totally Unrelated Point ........ Standard Of living in Delhi......... This could be just faced by me But I have a house in Delhi ................ Living in GNOIDA is a completely different scenario than Delhi ........ weekends are definitely spent in Delhi but over all After work going to GYM and using Sports Facilites are much easier here in GNOIDA for me than for my friends in Greater Kailash ............. Flat Living which is Common in Delhi is only in Existance due to Connectivity to GGN and CP............ Once corporate culture sets into Delhi NCR and People start moving offices from their basements in GK and Defence Colony there will be a Boom in the Suburbs


              So dont play Short Term In GNOIDA .......... long term it will beat any kind of Investment you will make ........... Remember it is an END User Market ..........
              1. I purchased a 200 sq mtr plot, NE facing, C block swarn nagri for 59.5 in nov 2011.( I came to know later that Financier had picked it up for 57.5 in Aug end by paying 5L bayana). This is basically for shifting of my parents here who presently stay in pitampura , Delhi
              2. Regarding GPA, i need a clerification from you
              As far as i know, all erstwhile DDA land / flats in Delhi in any case were selling only after getting free hold.What i mean is that the selling was anyway not on GPA. Or am i missing something here?

              Comment

              • #27

                #27

                Re : Should I invest in Greater Noida Now?

                I would want Gnoida prices to stagnate or grow slower than rest of NCR. Let it remain an investor's nemesis and enduser's paradise.
                'LIVE FOR INDIA'

                Comment

                • #28

                  #28

                  Re : Should I invest in Greater Noida Now?

                  Originally posted by jaijai View Post
                  I would want Gnoida prices to stagnate or grow slower than rest of NCR. Let it remain an investor's nemesis and enduser's paradise.
                  wah wah wah....

                  Comment

                  • #29

                    #29

                    Re : Should I invest in Greater Noida Now?

                    Originally posted by jaijai View Post
                    I would want Gnoida prices to stagnate or grow slower than rest of NCR. Let it remain an investor's nemesis and enduser's paradise.
                    If wishes were horses....

                    Comment

                    • #30

                      #30

                      Re : Should I invest in Greater Noida Now?

                      I would still bet for GN, this is a very neat and clean city copared to other part of NCR and there are people who would like to live in GN. I myself plan to move to GN in years to come.

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