Announcement

Collapse
No announcement yet.

With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

Collapse
X
Collapse

With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

Last updated: October 4 2010
15 | Posts
3089 | Views
  • Time
  • Show
Clear All
new posts

  • With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

    Gurgaon infrastructure is in tatters but the real estate prices only seem to be going upwards. Rates have already increased by 40% since last year. So guys, is this STILL a good time to invest?

    Confused as Always.


  • #2

    #2

    Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

    You can go for one of the new project launches. They will take 6 months to go forward, by which time the overheated situation would have cooled down.

    Better to avoid Sohna Road new launch, wait and watch how the place develops in next 2 years. Already price there is too high - you will get at same price 2 years later also. See how the mall traffic, new widening of road etc handle the traffic mess.

    Also, wait for hero hinda chowk to progress reasonably - currently Rajiv Chowk is a mess, Hero honda chowk is needed before traffic sorts out.
    Venky (Please read watch a or before posting)

    Comment

    • #3

      #3

      Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

      Though prices are already up... there are goign to increas further a bit.. until .. there are no launches.. and with current scenario... all projects have open spaces left.. which builder are always waiting to launch a few towers with higher prices....

      so for investment.. doing it in new gurgaon... at levels below 300o seems a good options..
      for end use try a resale project in new ggn area.....

      Comment

      • #4

        #4

        Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

        Originally posted by ThePlatinum View Post
        Though prices are already up... there are goign to increas further a bit.. until .. there are no launches.. and with current scenario... all projects have open spaces left.. which builder are always waiting to launch a few towers with higher prices....

        so for investment.. doing it in new gurgaon... at levels below 300o seems a good options..
        for end use try a resale project in new ggn area.....
        ggn market is still worth entering. just dont expect the returns which people got in last 18 months. stick to top builders and dont enter with 6-12 months investment horizon. avoid interior locations/small builders

        Comment

        • #5

          #5

          Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

          smart money moved to Sohna Road 2 years ago when the rates were below 2,000 psf. Now the rates are 4,000 psf.

          Now the smart money will fly to upcoming Eway, where rates are around 3,000 psf. It would raise the rates to 4,000+ psf within 6-8 months.

          Therefore, projects around NPR are my best bet, since they are not too high priced as yet.

          Comment

          • #6

            #6

            Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

            Differ on that. The e way area would always remain a third rate poor cousin to Sohna rd.


            Originally posted by raumybhan View Post
            smart money moved to Sohna Road 2 years ago when the rates were below 2,000 psf. Now the rates are 4,000 psf.

            Now the smart money will fly to upcoming Eway, where rates are around 3,000 psf. It would raise the rates to 4,000+ psf within 6-8 months.

            Therefore, projects around NPR are my best bet, since they are not too high priced as yet.
            Please read IREF rules | FAQ's

            Comment

            • #7

              #7

              Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

              Hi Manoja,

              Your previous posts show that you have excellent reasoning process, and you are trusted by most. Thus I felt tempted to reply to your opinion on eway.

              Your negative sentiment on NPR properties (as compared to Sohna Rd) is surprising. I wish you reply to following issues, since many people reading this thread (as well as myself) are going to invest a lifetime of savings to some eway project for long term holding:

              1. While all other Ggn properties will follow their normal appreciation lifespan, Eway properties (especially those closer to delhi side) would have 2 considerable JUMPS/ APPRECIATIONS in prices:

              a. When the new Diplomatic enclave is built (since Eway projects would touch new Diplomatic Enclave, and areas closest to Diplomatic enclaves are most safe/ posh around the world)

              b. When the NPR is built, and becomes operational,the prices would again jump.

              These 2 events are special ones, over and above other normal events like possible new metro projects which would appreciate all areas.

              2. Consider a time when NPR is built and becomes habitable like Sohna Road. At that time, NPR projects would be superior in terms of location, i,e, closer to airports/ delhi/ Diplomatic areas/ situated on India's widest expressway etc.

              TRUE, I AM CONSIDERING A TIME SPAN OF 5 TO 10 YEARS FOR NPR PROJECTS TO GIVE SUPER RETURNS...I AM ABSOLUTELY SURE OF MY OPINION THAT THERE IS NO BETTER LONG TERM APARTMENT HOLDING AT PRESENT IN ENTIRE GURGAON....HOPE OTHERS AGREE!

              Comment

              • #8

                #8

                Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

                For holding of a property for 10 years and plus, i rather tend to agree with u , but then if i have such long & far fetched investment plans, i might invest in some other lucrative prospective area.

                There is no reason to get touchy about the e way. If u feel that's the best area for investment right now, then u might as well put all yr. money there.
                Please read IREF rules | FAQ's

                Comment

                • #9

                  #9

                  Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

                  I agree with manoja..I think this eway thing is highly overplayed..just go the sectors 100-110 and see the practical feasibility of the eway. Governement will have to achquire a lot of land to make this happen and its not gonna happen before 4-5 years atleast...Also the projects there have already incorporated the premium of a future eway to a certain extent...prices of 3200-3300 in that area is not cheap by any stretch of imagination..if you aresaying you will see a 20-25% increase in prices ypou are looking at a price on 5000 in those sectors. I would say this is highly speculatiove and it will not happen...However if you are looking at 5-7 years of time horizon you may look at this area...I still believe things which are scarce rise more...and main gurgaon will still give you better returns..


                  Originally posted by MANOJa View Post
                  For holding of a property for 10 years and plus, i rather tend to agree with u , but then if i have such long & far fetched investment plans, i might invest in some other lucrative prospective area.

                  There is no reason to get touchy about the e way. If u feel that's the best area for investment right now, then u might as well put all yr. money there.

                  Comment

                  • #10

                    #10

                    Re : With 40% Hike in Rates is it the Right Time to Invest in Gurgaon?

                    That is what i am saying, that the whole e way issue is over hyped & the whole thing could turn out to be a big dud.



                    Originally posted by amit001 View Post
                    I agree with manoja..I think this eway thing is highly overplayed..just go the sectors 100-110 and see the practical feasibility of the eway. Governement will have to achquire a lot of land to make this happen and its not gonna happen before 4-5 years atleast...Also the projects there have already incorporated the premium of a future eway to a certain extent...prices of 3200-3300 in that area is not cheap by any stretch of imagination..if you aresaying you will see a 20-25% increase in prices ypou are looking at a price on 5000 in those sectors. I would say this is highly speculatiove and it will not happen...However if you are looking at 5-7 years of time horizon you may look at this area...I still believe things which are scarce rise more...and main gurgaon will still give you better returns..
                    Please read IREF rules | FAQ's

                    Comment

                    Have any questions or thoughts about this?
                    Working...
                    X