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..
Read more
Reply
81 Replies
Sort by :Filter by :
  • Originally Posted by zohaib
    Honest govt....that will NEVER HAPPEN...


    Hi all,

    I have purchased recently in LB in fresh booking in fourth phase, its 2BHK (1015 sqft). (You might be aware that the rates in LB are very high) But i liked the location & builder and possession time was playing in my mind.

    I have purchased this for my own use not for investment but still I would like to know from you future rates after possession.

    Can you please comments about my decision & future of LB and the whole area around ?

    Which builders are involved in the construction of commercial shown in the sector (96, 97 & 98) close to LB?

    thanks,
    LChand
    CommentQuote
  • LB is a good project

    1. Good and safe builder from his commercial track record
    2. If you work in Noida or Delhi...the location will suit you
    3. LB will not benefit from Metro coming on this expressway
    4. Prices will not fall...they will increase only..
    5. For your commercial needs, you will rely on noida sect 18 all the time
    6. Noida expressway even if have some malls, hospitals, approach to it will be an issue spl if its on other side..as to reach from one side across to another on expressway is a big issue and with more and more residential and offices coming up..service lanes will have more traffic
    7. Donot worry about prices...an end user usually worries if he bought at the right time..meaning...is this the best his money can buy...or will the same appartment be available for same or less price on possession.
    That will not happen to you at all...The price only increase.
    8. Regd location...its a very debatable term in this region..20 kms of unexplored land will offer a lot in future...but as far as present in concerned..You have bought in One of the best available.
    9. You probably have paid a price of around 4000 psf ALL INCLUSIVE for this property (everything EXCLUDING REGISTRY)...
    The present rate of ready to move in appts in sect 93 are in the range of 4000-5500 psf..so you will only gain from here.
    10. End user has standards, accessibilty to facilties in mind...LB has everything you can think of within 5-10 mins drive.

    Congrats for a good buy
    CommentQuote
  • are there any commercial projects coming up in the sector (96, 97 & 98) as shown in master plan 2031?
    CommentQuote
  • Originally Posted by LChand
    are there any commercial projects coming up in the sector (96, 97 & 98) as shown in master plan 2031?


    Most of the land belongs to Unitech. 10% of that land is reserved for commercial development. But it seems development will take a lot of time. These sectors were launched in 2006 and till date nothing much is visible.
    The price is also very high. Expect it to be worthwhile to live by 2020
    CommentQuote
  • Some good discussions here 6 months ago.

    Only point - reading my own posts of 6 months ago when I was so anti YEW - now changing my mind at current juncture and saying YEW may be a good long term investment and reducing time frome from 20 years to 10 years - seems like classic capitulation of a bear.

    When this capitulation happens, market usually changes direction.

    When even the worst bear enters the market - even if reluctantly - saying "I cant argur aginst market, bhav bhagwan hai" and when everyone including the worst bear is ALL IN - that is when the bubble bursts - because there is no-one left to sustain the bubble any more.

    Also, NOIDA has moved from flats to plots - and there has been plot frenzy - prime time for a correction in RE.

    RE always moves from builder floor to flat to premium flat to villa/row house to plot of big size to plot of smaller sizes to reallt cheap plots (logic and Wave in YEW) AND THEN

    CRAAAASSSSSHHHHHHHHH
    CommentQuote
  • Lovely summary Venkytalks!

    In my opinion YEIDA are YEDA for now. My guy feel is quick speculation can yield some return when the First F1 race happens in Oct '11. There would be some fanfare and noise, which is good for late bloomers who may suddenly start to think of YEA as the new 'Singapur'!

    PS - correction in NOIDA may not be necessary. There is still a lot of precipitated demand and fence sitters who are waiting for correction and patience may run out for them. Also, there has been small movements of commercial space from ggn to noida. Good news with Metro connectivity with Nehru Place for sector 44/Kalindi Kunj added. More good news = more fence sitters = latent demand ~ increase in rates?

    Originally Posted by Venkytalks
    Also, NOIDA has moved from flats to plots - and there has been plot frenzy - prime time for a correction in RE.

    RE always moves from builder floor to flat to premium flat to villa/row house to plot of big size to plot of smaller sizes to reallt cheap plots (logic and Wave in YEW) AND THEN

    CRAAAASSSSSHHHHHHHHH
    CommentQuote
  • Duplicate post

    This is an old thread on the YEA plots which are a hot and trending topic on IREF right now....

    Just going thru the initial posts made for interesting topic


    I our own minds, this investment seems they have travelled a full cycle from

    Rejection > Acceptance > Realization > Fait accompli > Euphoria > Self-pity > Oversupply > another realization > Rejection > Nirvana

    .... a sinusoidal curve....even though I dont reallya agree that YEW plots are real cheap or anything near that !

    Originally Posted by Venkytalks


    RE always moves from builder floor to flat to premium flat to villa/row house to plot of big size to plot of smaller sizes to reallt cheap plots (logic and Wave in YEW) AND THEN

    CRAAAASSSSSHHHHHHHHH
    CommentQuote
  • Farmland is 50L per acre = 5000sy.

    So a 100 sy plot actual cost is 1L for the farmland = 1000Rs psy.

    Add some taxes and EDC IDC and roads, parks amenities etc etc and cost is some 3L = 3000psy

    15000 psy is only five times farmland cost.

    YE plots were sold at twice actual value or so at 5000 psy. That was dirt cheap.

    15000 psy is also cheap - especially when farmland price doubles when food price doubles - we all know about food inflation. Although actual food productivity linked price per acre in north India plains with current food prices is probably 20-30L per acre

    'YEW plots are still the cheapest you can hope to get.
    CommentQuote
  • I don't understand the double logic. when farmland prices double then 15000 psy will be cheap, but at current level how can they be cheap.
    Originally Posted by Venkytalks
    Farmland is 50L per acre = 5000sy.

    So a 100 sy plot actual cost is 1L for the farmland = 1000Rs psy.

    Add some taxes and EDC IDC and roads, parks amenities etc etc and cost is some 3L = 3000psy

    15000 psy is only five times farmland cost.

    YE plots were sold at twice actual value or so at 5000 psy. That was dirt cheap.

    15000 psy is also cheap - especially when farmland price doubles when food price doubles - we all know about food inflation. Although actual food productivity linked price per acre in north India plains with current food prices is probably 20-30L per acre

    'YEW plots are still the cheapest you can hope to get.
    CommentQuote
  • Originally Posted by Venkytalks
    Farmland is 50L per acre = 5000sy.

    So a 100 sy plot actual cost is 1L for the farmland = 1000Rs psy.

    Add some taxes and EDC IDC and roads, parks amenities etc etc and cost is some 3L = 3000psy

    15000 psy is only five times farmland cost.

    YE plots were sold at twice actual value or so at 5000 psy. That was dirt cheap.

    15000 psy is also cheap - especially when farmland price doubles when food price doubles - we all know about food inflation. Although actual food productivity linked price per acre in north India plains with current food prices is probably 20-30L per acre

    'YEW plots are still the cheapest you can hope to get.


    Every person has his own calculations into the mind, first he justify himself and then try to convince others. If he think more simple then there is no need to even convince himself.

    At this time YEW is a over hyped market just like GN and NP was 5-7 years before, several person burn their hands into that and very few got benefit. During last 5-7 years timespan if you compare appreciation of other part of NCR with GN & NP then you will simply find the answer.

    At this time GN is a stable market with no risk. Please simply let me know if anybody can get plots in GN in around 20000 PSY then why that person will buy plots in 15000 PSY in YEW. At this time GN is completely stable RE market and YEW is full of risk and 10 KM more far from Delhi / Noida (as compare to GN). If you serious read all the news of YEW then at this time even authority has not taken lands from farmers which make the YEW market more risky and time taken. However just at 5000 PSY more you can get GN plot with all formalities within 1 month. As per my POV in place of investing in a 200 Sq. Meter plot of YEW , it will be better to invest same amount in 150 Sq. Meter plot in some low developed sectors of GN.
    CommentQuote
  • No one seems to be addressing this core question !

    Originally Posted by saurabh2011

    At this time GN is a stable market with no risk. Please simply let me know if anybody can get plots in GN in around 20000 PSY then why that person will buy plots in 15000 PSY in YEW.
    CommentQuote
  • Originally Posted by saurabh2011
    At this time GN is a stable market with no risk. Please simply let me know if anybody can get plots in GN in around 20000 PSY then why that person will buy plots in 15000 PSY in YEW.


    Which are the sectors in GN where one can get a plot in 20K?. Is it Sarkari plot or by private developers ?
    CommentQuote
  • Originally Posted by Agastya07
    Which are the sectors in GN where one can get a plot in 20K?. Is it Sarkari plot or by private developers ?



    u can get bigger(more then 350 m) athority plot in delta ,chi pi,eta at the rate is less 20 k sqm
    CommentQuote
  • YEA Plots

    After reading all this.. Confusion prevails...:)
    CommentQuote
  • Can you let me no the nos of broker who are offering such rates?

    AFAIK rates are between 27K-35K for these sectors

    Originally Posted by rajesh_vsworx
    u can get bigger(more then 350 m) athority plot in delta ,chi pi,eta at the rate is less 20 k sqm
    CommentQuote