Recently over telephonoc discussion someone was telling me story about Yamuna Expressway plot. Almost all property dealers had applied in this scheme and got lucky also.
They took numbers of those unsuccessful allotee from YEA and start sending SMS that if you want to buy plot then pay double premium and take it from me.
The person who was unsuccessful in draw thought oh I lost it.... Rate on Yamuna Expressway now got tripled. He start making mind to buy there and start looking for brokers/succesfull allotees.Then again those brokers come in picture and said I can sell you for only double rate not triple.
So the person thought I am making a killing and geting it only at double price.
Since the orignal allotee paid only booking amount,he made handsome profit and without any further investment make an early exit as he very well know actual story.
And the greedy person who given his all saving in black as premium to broker in anticipation that will apply for loan and pay for plot now in trouble as lot of bank not giving loan for that plots because possession is after 4 years.
Yamuna Expressway authority also seems helped these broker by allowing plot transfer with a fee.
So moral of story never believe market rate as it is always hyped in most cases.Apply in these scheme and make early exit whith maximum profit in percentage term.
From end user point NOIDA/NOIDA Extn Real estate market seems best prices are stable and for investers Gurgaon is best as still in Gurgaon project getting launched at 2600 and within one month reached 3250.
Beware these kind of projects as this is nexus of builder/broker/big investers to create hype and force you to buy at 3250 or buy in resale market from those who bought at 2600.

Comments invited from those who have invested in YEA plots or those who bought in resale. Also let me know is it true or it's really going on..
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  • What you say is partially correct. But you are right on -- about the 'moral' of your story.
    I run a Google group named YEIDA and have been following this area from day 1.
    Besides dealers and financiers, it is the PAID media which has added to this hype. Just before the allotment, the media started singing the 'airport' tune, which helped jacking up the premium.
    I see so much resemblance, how Greater Noida plots were sold for past 10 years. The hype is with expressway and great planning but GN did not come up to our expectation, in-terms of industry/ jobs or the population. Every investor is just doing x-times in y-years without any intention of living there.
    Yamuna Expressway (the road) is not an USP of this place rather it is a bare minimum pre-requisite. Otherwise the place would have been long dead.

    The premium is about 100% of the plot price. If lot of sellers show up, then the premium can go further south rapidly.

    My advise would be, to apply for future schemes of YEA rather than buying into the hype.
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  • I completely agree with you.

    Infact I was also following-up this allotment closely, and was keen to buy in re-sale.

    But having visited the area, and spoken to few dealers in Gr Noida - I did not go for it. But the rates quoted to me initially were from a range of 1.5 times the premium to 3 times the premium; and it was not dependent upon the location, but on the dealer mind-set.

    And, I agree with the moral of your story. In my own personal capacity and thinking - I also believe that even Noida is going to have another correction of prices soon. Too many projects in a very short time...

    Wait and watch...

    Originally Posted by chandra2034
    Recently over telephonoc discussion someone was telling me story about Yamuna Expressway plot. Almost all property dealers had applied in this scheme and got lucky also.
    They took numbers of those unsuccessful allotee from YEA and start sending SMS that if you want to buy plot then pay double premium and take it from me.
    The person who was unsuccessful in draw thought oh I lost it.... Rate on Yamuna Expressway now got tripled. He start making mind to buy there and start looking for brokers/succesfull allotees.Then again those brokers come in picture and said I can sell you for only double rate not triple.
    So the person thought I am making a killing and geting it only at double price.
    Since the orignal allotee paid only booking amount,he made handsome profit and without any further investment make an early exit as he very well know actual story.
    And the greedy person who given his all saving in black as premium to broker in anticipation that will apply for loan and pay for plot now in trouble as lot of bank not giving loan for that plots because possession is after 4 years.
    Yamuna Expressway authority also seems helped these broker by allowing plot transfer with a fee.
    So moral of story never believe market rate as it is always hyped in most cases.Apply in these scheme and make early exit whith maximum profit in percentage term.
    From end user point NOIDA/NOIDA Extn Real estate market seems best prices are stable and for investers Gurgaon is best as still in Gurgaon project getting launched at 2600 and within one month reached 3250.
    Beware these kind of projects as this is nexus of builder/broker/big investers to create hype and force you to buy at 3250 or buy in resale market from those who bought at 2600.

    Comments invited from those who have invested in YEA plots or those who bought in resale. Also let me know is it true or it's really going on..
    CommentQuote
  • Originally Posted by chandra2034
    Recently over telephonoc discussion someone was telling me story about Yamuna Expressway plot. Almost all property dealers had applied in this scheme and got lucky also.
    They took numbers of those unsuccessful allotee from YEA and start sending SMS that if you want to buy plot then pay double premium and take it from me.
    The person who was unsuccessful in draw thought oh I lost it.... Rate on Yamuna Expressway now got tripled. He start making mind to buy there and start looking for brokers/succesfull allotees.Then again those brokers come in picture and said I can sell you for only double rate not triple.
    So the person thought I am making a killing and geting it only at double price.
    Since the orignal allotee paid only booking amount,he made handsome profit and without any further investment make an early exit as he very well know actual story.
    And the greedy person who given his all saving in black as premium to broker in anticipation that will apply for loan and pay for plot now in trouble as lot of bank not giving loan for that plots because possession is after 4 years.
    Yamuna Expressway authority also seems helped these broker by allowing plot transfer with a fee.
    So moral of story never believe market rate as it is always hyped in most cases.Apply in these scheme and make early exit whith maximum profit in percentage term.
    From end user point NOIDA/NOIDA Extn Real estate market seems best prices are stable and for investers Gurgaon is best as still in Gurgaon project getting launched at 2600 and within one month reached 3250.
    Beware these kind of projects as this is nexus of builder/broker/big investers to create hype and force you to buy at 3250 or buy in resale market from those who bought at 2600.

    Comments invited from those who have invested in YEA plots or those who bought in resale. Also let me know is it true or it's really going on..


    Chandra,
    i have not invested in YEA plot but have been dwelling over it for the last couple of months though i have taken other properties in and around Noida. As per my opinion YEA is still 5-7 years before you see any real appreciation. There is enough land in NCR region (Delhi, Noida, Ghzb and Gr. Noida) to keep YEA at bay for another 5-7 years.
    You have a valid point as this is a hype which is created by big builders and brokers.
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  • Yamuna express way is another height of over hyping land prices. Do not believe brokers. If you are an allotee, you might like to keep the land with you for long term in case you need better returns.
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  • YEA plots were very good buy around 3 months back, all most all plots were available at a premium of Rs 2000~3000. But since the Jewar airport news has come the premium has shot to Rs 6000~7000. Once this news will fade off again the prices will start coming down.

    These plots are very good buy, but with a maximum premium of Rs 3000.
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  • I disagree. YEA Plots are yet to be demarcated. You dont know where it will be.

    In RE, if you dont know location, you should not enter.

    3000Rs premium means a price of some 8-9000 psy I suppose? Is that a fair price for some land somewhere along YE?
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  • Venky the price at which the land was alloted is Rs 4750 per square meter.

    At this price the YE authority alloted the land.

    A maximum premium or Rs 3000 will take the price to Rs 7750 per square meter for the best location. I feel its is a great buy at this rate because of following reasons.

    1) The Jaypee group is selling the land at Yamuna express way at the rate of around Rs 17500 per square yard. The distance between the authority sectors and the Jaypee sports city is less than 2 Kms.There are already few buyers.

    2) Supertech and few other builders have also lauched the projects at approximately this rate and even higher.

    3) If the proposed Jewar airport goes as planned, then the land cost will never come below Rs 10000 per square meter in any part of Yamuna expressway.

    4) The authorised reisdential land is not available at Rs 10000 per square meter at even on the outskirts of the smallest (or tier 3 or 4) cities.

    5) The authority is gonna revise the minimum price by around 15 or 20 percent as per many newspapers. Although the increment percent is specualation but there will certainly be an increase to the alloted rate for next scheme.

    Due to these points I will certainly be a buyer if the rate falls to the level of Rs 8000 per square meter.
    Also yamun expressway plots are a long term play.
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  • YEA plots

    YEA is like a lottery as of now. u cannot predict what will happen in near future, but more likely prices will not appreciate more than rate of inflation, could even come down.

    YEA will do all possible efforts to sell land to buyers. Uppal has bought 4500 acres of land(defies logic) , jaypee, supertech, amrapali, jmd, ajnara, ansal also have bought big chunks of land. For sure since these bigges have invested they will not keep their monies idle and will sure create hype. i also heard that YE development could be faster than expectation.

    All said and done,My belief is YE will become a worthwhile option only after 5-7 yrs, land price will probably reach 22-25K(optimistic though)from current 12-13K assuming an increase of 12% pa and will still be affordable (after 5-7 years)as Noida would get almost saturated,Gnida wud become hot property and YEA will become upcoming.
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  • It seems to be good discussion.
    Here is what my points :
    Original Scheme Plot Size 300 Sqr meter
    Registration Money : 1 Lakh
    Suppose original buyer (propety dealer) selling it at 4000/sqt premium
    then he is making 12 lakh profit on investment of 1 lakh. Deduct 2% transfer charges and few other expense as 1 lakh then still profit of 11 lakhs.
    Price of plot need to be paid in installment and possession will be given in 4 years.
    So origial allotee almost not paying anything extra.
    Such a quick return of 110% not possible there in next 10 years for resale buyers. Means if you are buying in secondary market at 8750/sqt meter then you will not get 100% even in next 5 years.
    So property dealers created hype got 110% profit and exited and might be waiting for next round.
    Somehow I missed it as I did not know about this scheme. So question is it wise to invest in next round when YEA opens plot ? Or it was just one time opportunity and probably will not be the case in next round.
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  • I know it worked out very well for those who took the plunge. I did not after a lot of thinking - because for short term speculation I prefer stock market and not run around with RE (I do have a career to think about too!).

    I dont think the opportunity will repeat - this time there will be enough applicants to make it like a DDA allotment lottery.

    Long term price performance cannot be based on passing the parcel principle.

    Is JP plot worth it at 14000psy?

    Ultimately the plot needs to have a use.

    In my opinion, it will take 15-20 years for this area of UP to develop. The people of this area are known for being lazy criminals and is one of the poorer areas in UP because of this reason.

    Ultimately it will develop. OK for very long term hold of 15-20 years.

    The real RE investment in this area will be to buy larger tracts of farmland along the YE and develop it as a farmhouse for their grandchildren - only for rich black money criminal types, may I add (since they would blend right in!!!)

    Neharpar Faridabad is much better located and has plots at the same price from private builders. Whats so great about GN? With KMP, Faridabad will develop much better, even more so with FNG. You will see returns in your lifetime.
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  • The area could develop sooner, the airport (highly unlikely with T3 in place) could well be the tipping point.
    With the state/central bonhomie at present, and provided the air trafic projections by the state govt. get validated by the agency appointed by GMR, it could be a reality. The rates could well plunge if the projections of the state govt. turn out to inflated. The latter scenario is likely.
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  • In the next 20 years, Jevar airport will definitely be needed at some time or other and will come up.

    Delhi already has a lot of traffic and is not having enough runways for efficient operation due to lack of land.

    New airports in UP and Haryana are inevitable.

    But GN is still overpriced - they are selling it to Delhi people who are used to much higher plot prices and hence finding these plots cheap.

    They are not worth it. Bank FD will give you better returns.
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  • So what/where according to you is a good real estate investment.

    Noida
    Greater Noida
    YEIA
    Gurgaon
    Manesar
    Bhiwadi
    Somewhere else
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  • YEA has already given 150 percent returns in last 1 year.
    It may not do so in future.

    But if you get YEA plots around 7000~8000 per square meter, they will give u much better return than almost all places mentioned in the list.

    P.S. : YEA if for investors only, no end user shall buy land there.
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  • Originally Posted by Digvijay
    YEA has already given 150 percent returns in last 1 year.
    It may not do so in future.

    But if you get YEA plots around 7000~8000 per square meter, they will give u much better return than almost all places mentioned in the list.

    P.S. : YEA if for investors only, no end user shall buy land there.


    Hi Digvijay,
    These returns are due to BP being low.
    YEA is a lottery and u are on the better side of it:)
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