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Purvanchal Royal City by Purvanchal Group in Greater Noida

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Purvanchal Royal City by Purvanchal Group in Greater Noida

Last updated: December 30 2018
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  • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

    Considering the negative market sentiment,ongoing recession and greater noida factor including no resale allowed in the project and only some 400 odd buyers in the project till now for atleast 1700 houses in phase I, including expressway properties flooding the market, ive begin to think whether PRC is a good deal or not...regular negative views from senior members in this forum is only a cause of concern to working class people like me who wish to have a decent sized appt in a city where there is some basic infrastructure and which fits my budget..but now thete is no going back...hope the current prices can be sustained by the company

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    • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

      If you already bought as an end user.....you will get your flat in 4 years...no problem

      If you are investor...This is not the project for you....and definitely not the city.

      Greater Noida city is not at all the place for flat investors....

      Its only for LONG TERM..(Around 7-10 years)....Plot Investors...that too with Limited budget



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      • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

        Originally posted by brightguy View Post
        Considering the negative market sentiment,ongoing recession and greater noida factor including no resale allowed in the project and only some 400 odd buyers in the project till now for atleast 1700 houses in phase I, including expressway properties flooding the market, ive begin to think whether PRC is a good deal or not...regular negative views from senior members in this forum is only a cause of concern to working class people like me who wish to have a decent sized appt in a city where there is some basic infrastructure and which fits my budget..but now thete is no going back...hope the current prices can be sustained by the company
        Dont worry, doesnt matter if your are end user or even investor, RE is kinda long term ( 7-8). Some biscuits and kings here will post lot of gyan but they will change views according to their profits and self interest.

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        • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

          Views are changed after evaluating Ground progress and facts and trying to judge the Expected Market sentiment in advance.

          When Market sentiment is already out in open and evident....its too late...damage already done.

          Flat owners in Greater Noida in past 10 years (Long enough ??) have got Peanut returns..infact....LOSS.
          Rates in 2002-03....Approx 1400 psf all incl.
          Rates in 2013....Approx 3500-4000 psf all incl.

          Rates merely doubled or Max to Max Tripled in 10-11 years !!!!!

          Thats Complete Loss in Terms of RE.

          In Real estate....an Average Investment...if rates Double every 4- Max. 5 years.

          Next 10 years are going to be worse.....thanks to LAKHS of flats on Noida expressway and Noida extension

          With SAME HIGH DENSITY in projects such as this...Nothing special....

          Flat investment in Greater Noida is a BIG NO.

          End Users.....each one on his own...people are living in Bhiwadi..dharuheda..and kundli also...their choice..their wish....


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          • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

            Originally posted by brightguy View Post
            Considering the negative market sentiment,ongoing recession and greater noida factor including no resale allowed in the project and only some 400 odd buyers in the project till now for atleast 1700 houses in phase I, including expressway properties flooding the market, ive begin to think whether PRC is a good deal or not...regular negative views from senior members in this forum is only a cause of concern to working class people like me who wish to have a decent sized appt in a city where there is some basic infrastructure and which fits my budget..but now thete is no going back...hope the current prices can be sustained by the company
            Can you specify by what you mean when you state ongoing recession? When did a recession start now?

            Sent from my GT-I9300 using Tapatalk 2

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            • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

              I am not an immediate end user...but also not a speculative investor ...I would like to get the possession and decide thereafter...anyway its mostly a depressing story in greater noida...noida or gurgaon was not in budget plus 70 percent builders offering freebies are lacking quality I chose this project based on purvanchals credentials but our esteemed members in forum have no much positive vibes for this project..lets see what happens in future.

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              • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

                Originally posted by brightguy View Post
                I am not an immediate end user...but also not a speculative investor ...I would like to get the possession and decide thereafter...anyway its mostly a depressing story in greater noida...noida or gurgaon was not in budget plus 70 percent builders offering freebies are lacking quality I chose this project based on purvanchals credentials but our esteemed members in forum have no much positive vibes for this project..lets see what happens in future.
                Investors have negative vibes, not End-users..
                Thanks

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                • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

                  Truly said by cookie, and almost all the investors in PRC are end users, I really don't care about rates after 5-10 years or something because we are looking for self use and getting whatever we want i.e. greenery, open space, wide roads, approach to expressway, schools etc.

                  Recession is a cyclic change, may be it's been happening now, GN flats market always low and that's the only reason, it's not that crowded, may be negative for others but surly positive for us and that's what at-least I want.

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                  • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

                    I too was interested in buying a large 3 bhk or 4 bhk flat in this project. But seeing latest developments in Noida Real estate, which clearly shows big slowdown. I am going to play wait and watch closely. I would be able to save more and reduce loan burden in coming 2-3 years. Thanks to many seniors on this forum, I have learned many new things. Its wait and watch for me now. Even as an end user, I wouldnt be happy knowing that there is hardly any Actual appreciation of the property I bought with my hard earned money. Its easy to say , end users dont think about appreciation , but at least from what I have seen, many including I, do .

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                    • Re : Purvanchal Royal City by Purvanchal Group in Greater Noida

                      Originally posted by chalonoida View Post
                      I too was interested in buying a large 3 bhk or 4 bhk flat in this project. But seeing latest developments in Noida Real estate, which clearly shows big slowdown. I am going to play wait and watch closely. I would be able to save more and reduce loan burden in coming 2-3 years. Thanks to many seniors on this forum, I have learned many new things. Its wait and watch for me now. Even as an end user, I wouldnt be happy knowing that there is hardly any Actual appreciation of the property I bought with my hard earned money. Its easy to say , end users dont think about appreciation , but at least from what I have seen, many including I, do .


                      Absolutely Wait and Watch is the strategy...

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