Announcement

Collapse
No announcement yet.

Is this blessings in disguise for Noida Investors ?

Collapse
X
Collapse

Is this blessings in disguise for Noida Investors ?

Last updated: August 5 2011
20 | Posts
4250 | Views
  • Time
  • Show
Clear All
new posts

  • Is this blessings in disguise for Noida Investors ?

    Realty prices in Noida may rise by 15% - The Economic Times

    NEW DELHI: The land row in Noida may have been settled, but property prices are now expected to go up by 15-25% in a month. The Noida Authority has to give 5% developed land to farmers - which will deplete all its land resources.

    "We will exhaust all our land after giving 5% to farmers. Prices in Noida are bound to rise as there will be no land to give to developers," said Balvinder Kumar, chairman, Noida Authority.

    To meet the rising demand for homes, offices and institutions, the authority will now have to consider enhancement of floor area ratio (FAR), he added.

    Developers said that the land acquisition act will make it both difficult and costly to acquire new land. "If we buy land at a higher price, we will have to load it on to the buyers. The new policy, if implemented, will increase the cost of apartments steeply," said Shakti Nath, managing director of Logix Group.

    At the moment, there is a shortage of clear land in Noida and the few developers who still have undeveloped land with them will cash in on the situation. The executive director of Amrapali Developers, Shiv Priya, said that he expected property prices in the city to go up at least 25% in 10-15 days.

    Emboldened by the court decisions in favour of farmers in Greater Noida, farmers in Noida had demanded enhanced compensation for their land, regularisation and development of their abadi lands and 5% of developed land that was promised when land was acquired.

    While the demand for higher compensation has not been accepted, the Noida Authority has agreed to other demands. This has put pressure on the authority, which has to now provide for 700 acres of land to farmers. It only has 300 acres of land in its bank that was reserved for housing projects.
  • #2

    #2

    Re : Is this blessings in disguise for Noida Investors ?

    Land prices hike

    This is bound to happen due to the depleting land bank in Noida and exhaustion bcoz of allocation of 5% developed land to farmers. The figure of 15% quoted by one of the papers and builder in a month is overhyped though. There is still a lot of supply in Noida expressway existing /new projects and same in 7X sectors. Once this is exhausted only then end user will experience the anticipated price hike.

    Comment

    • #3

      #3

      Re : Is this blessings in disguise for Noida Investors ?

      नोएडा में 15-25 फीसदी बढ़ सकते हैं प्रॉपर्टी के दाम


      नोएडा में जमीन का विवाद भले ही सुलझ गया है, लेकिन इसके चलते दिल्ली से सटे इस इलाके में प्रॉपर्टी की कीमतें अगले एक महीने में 15-25 फीसदी बढ़ सकती हैं।

      नोएडा अथॉरिटी को किसानों को 5 फीसदी विकसित जमीन देनी है, जिससे उसके पास मौजूद पूरी जमीन समाप्त हो जाएगी। नोएडा अथॉरिटी के चेयरमैन बलविंदर कुमार ने बताया, 'किसानों को 5 फीसदी देने के बाद हमारे पास जमीन नहीं बचेगी। डेवलपरों को देने के लिए कोई जमीन नहीं होगी और इस वजह से नोएडा में कीमतें बढ़ना तय है।'

      उन्होंने कहा कि मकानों, कार्यालयों और संस्थानों की बढ़ती मांग को पूरा करने के लिए अथॉरिटी को अब एफएआर बढ़ाने पर विचार करना होगा।

      सार्वजनिक राय के लिए पेश किए गए भूमि अधिग्रहण बिल का मसौदा पढ़ने के बाद डेवलपरों का कहना है कि नए अधिनियम से जमीन का अधिग्रहण मुश्किल और महंगा हो जाएगा। लॉजिक्स ग्रुप के मैनेजिंग डायरेक्टर शक्ति नाथ ने कहा, 'अगर हम ऊंचे दाम पर जमीन खरीदेंगे तो हमें ग्राहकों पर उसका भार डालना होगा। अगर नई नीति लागू होती है तो अपार्टमेंट की लागत काफी बढ़ जाएगी।'

      इस समय नोएडा में बिना विवाद वाली भूमि की कमी है और जिन डेवलपरों के पास जमीन है, वे स्थिति का फायदा उठाएंगे। आम्रपाली डेवलपर्स के एग्जिक्यूटिव डायरेक्टर शिव प्रिया को उम्मीद है कि शहर में प्रॉपर्टी के दाम अगले 10-15 दिनों में कम से कम 25 फीसदी बढ़ेंगे।

      ग्रेटर नोएडा के किसानों के पक्ष में आए अदालती फैसलों के बाद नोएडा के किसानों ने अपनी जमीन के लिए अधिक मुआवजे, आबादी की जमीन को नियमित कर इसका विकास करने और वादे के मुताबिक 5 फीसदी विकसित जमीन देने की मांग की थी।

      मुआवजा बढ़ाने की मांग स्वीकार नहीं की गई है, लेकिन नोएडा अथॉरिटी अन्य मांगें मानने पर सहमत हो गई है। अथॉरिटी को अब 700 एकड़ जमीन किसानों को उपलब्ध करानी होगी। इसके पास हाउसिंग प्रोजेक्ट के लिए रखी गई केवल 300 एकड़ जमीन है।

      कुमार ने कहा, 'हम नोएडा में ही कुछ इंतजाम करेंगे।' किसानों की मांगें पूरी करने के लिए अथॉरिटी के पास एक विकल्प नोएडा मास्टर प्लान में संशोधन करने का है।

      -navbharat times

      Comment

      • #4

        #4

        Re : Is this blessings in disguise for Noida Investors ?

        SC barb on Gr Noida pushes home-seekers to neighbouring city

        Noida realtors make a killing

        Deepak Kumar Jha | New Delhi/Noida


        With Noida Extension excluded from the list of likely residential destinations for sometime, prices of flats in areas sans any litigation have shot up in the last 24 hours. Upcoming projects in Noida Sector 55, 57, 58 and Taj Expressway colonies will now cost `700-`1,000 extra per square feet. Developers like Supertech, Cardinia, Antriksh and others, whose colonies are coming up in these areas, hiked the prices on Thursday. A property in Noida Sec 55 or 58 will now cost `3,500-4,000 per square feet (sft) which till the court orders were between `1,800-2,200 and on Expressway it is more than `5,000 per sqft. This means that a dream home for a middle class family will cost double than what it was till a day back.

        A couple of builders have already come up with a piece of advice for the prospective buyers. A representative of RG Group said since uncertainty looms large over Noida Extension, it is better to plan a single bedroom luxury home in Noida Sectors like 55, 57, 58, 120 than invest in an uncertain two bedroom flat in any part of Noida Extension.

        At Noida Extension, the going rate for flats of 800 sft stood at `17 lakh while homes of the same floor space in Noida and Expressway were fetching Rs 23-25 lakh till the court orders. The rates have just skyrocketed overnight. “While rates of Noida Extension properties have nose-dived, those in other areas have just soared. Properties on Expressway shot up to Rs 5,000 sft on Thursday. This is up by Rs 800-Rs 900, making a two-room apartment costlier by Rs 10-15 lakh,” said AP Singh, a real estate consultant from Welcome Infraestate Pvt Ltd.

        While several of the units in Noida Extension would have been used by institution/professional investors for renting purposes, the court orders would also see rentals go up. Accommodation would get dearer in neighbouring areas like Indirapuram, Vaishali, Vasundhara and other adjoining areas. “There are investors who buy a house only to rent or lease out and in this event rates will definitely shoot up,” explained Rajesh Singh of Parth Consultants. While inflation has already pushed some properties beyond the reach of end users, cost of construction and escalation of land prices and the Shahberi type situation with increase in interest rates have made owning a home a distant dream, said Ashish Kumar, who works for a multi-national food chain.

        An end user will have to pay higher EMI for the same loan thus prompting the end user not to pay higher price for a property. “On the other hand, a builder cannot significantly bring down the price to induce sale. In such scenario, an end user is more likely to defer the decision to buy a house. Also rising cost of steel, cement and labour, have jacked up construction costs. For real estate developers it has resulted in a catch 22 situation. As a result, builders would face drop in demand and as cost of ‘project carry’ runs high, the pinch will be felt eventually. At some point, builders will be forced to undersell to increase their top lines triggering a crash,” said a market researcher.

        “Buying a house is a major decision for an individual. While there is a latent ‘need’ for housing, new buyers are weary of taking the plunge. This is primarily due to a’trust deficit’ among buyers. After the court order, this trust deficit would increase further,” added the researcher.

        Comment

        • #5

          #5

          Re : Is this blessings in disguise for Noida Investors ?

          Originally posted by smart111 View Post
          This is bound to happen due to the depleting land bank in Noida and exhaustion bcoz of allocation of 5% developed land to farmers. The figure of 15% quoted by one of the papers and builder in a month is overhyped though. There is still a lot of supply in Noida expressway existing /new projects and same in 7X sectors. Once this is exhausted only then end user will experience the anticipated price hike.
          Tell me a good and safe project with reputated builder with good inventory in the over supply Noida zone.

          I regularly check with brokers and most of big houses are doing Jaypee. Because good projects are sold out and brokers themselves finds excuses to aviod selling less reputated and disputed builders like Amarpali and Supertech

          Comment

          • #6

            #6

            Re : Is this blessings in disguise for Noida Investors ?

            Definitely prices will increase!!!

            Lets check out some facts why will prices increase.

            1. Uncertainity pertaining to NE
            2. whatever land bank left with Noida authority to be given to farmers as plots.
            3. New acquisition policy highly skewed in favor of land owners which will mean any new land to be acquired in GN and beyond will be costly which will further lead to higher prices for entire NCR.
            4. For next 4-5 years it will difficult for new projects to crop just like NE leading to further increase in prices of project which will completed in next 3-4 years.
            5. Noida just has 20,000 flats coming up unlike 2,00,000 in NE.

            PRICES will increase atleast 20-25% in next 1 year mark my words whether we like it or not.

            Comment

            • #7

              #7

              Re : Is this blessings in disguise for Noida Investors ?

              Originally posted by Ram.bharose View Post
              Lets check out some facts why will prices increase.

              1. Uncertainity pertaining to NE
              2. whatever land bank left with Noida authority to be given to farmers as plots.
              3. New acquisition policy highly skewed in favor of land owners which will mean any new land to be acquired in GN and beyond will be costly which will further lead to higher prices for entire NCR.
              4. For next 4-5 years it will difficult for new projects to crop just like NE leading to further increase in prices of project which will completed in next 3-4 years.
              5. Noida just has 20,000 flats coming up unlike 2,00,000 in NE.

              PRICES will increase atleast 20-25% in next 1 year mark my words whether we like it or not.
              While i agree with most points but the last point. In Noida 74-78 sectors itself there are almost 50,000 bookings. Then there is 44,45,100,110,129,121,137,143,168 etc which have another 60,000 flats coming up. I dont think all builders will be able to complete there projects by 2014 hence no chance that 1Lac flats will be occupied in 3 yrs.
              For sure the oversupply issue(which was always discussed on the forum) is finished.
              MM

              Comment

              • #8

                #8

                Re : Is this blessings in disguise for Noida Investors ?

                Pressure on price increase should ease once farmers are given their 5% land and this land comes out for sale.

                In the short term, prices may increase up to 5000 psft for a semi finished apartment.

                Comment

                • #9

                  #9

                  Re : Is this blessings in disguise for Noida Investors ?

                  agree to disagree

                  Originally posted by manu_ked View Post
                  Pressure on price increase should ease once farmers are given their 5% land and this land comes out for sale.

                  In the short term, prices may increase up to 5000 psft for a semi finished apartment.
                  Whilst I agree with your incease in psf statement I don't think land given to farmers will come back to market for resell. If you have read through statements given by NA ceo balwinder kr its clear they won't let farmers to sell their plots right away Plots will be given with some preconditions otherwise the area where plots are given will become another urban mess in noida.Lets assume even if plots resold; prices will be prohibitive for normal middle class to go ahead and buy so demand for apartments will definitely increase as it has been for the past many years.


                  Comment

                  • #10

                    #10

                    Re : Is this blessings in disguise for Noida Investors ?

                    Originally posted by Ram.bharose View Post
                    Lets check out some facts why will prices increase.

                    1. Uncertainity pertaining to NE
                    2. whatever land bank left with Noida authority to be given to farmers as plots.
                    3. New acquisition policy highly skewed in favor of land owners which will mean any new land to be acquired in GN and beyond will be costly which will further lead to higher prices for entire NCR.
                    4. For next 4-5 years it will difficult for new projects to crop just like NE leading to further increase in prices of project which will completed in next 3-4 years.
                    5. Noida just has 20,000 flats coming up unlike 2,00,000 in NE.

                    PRICES will increase atleast 20-25% in next 1 year mark my words whether we like it or not.

                    If prices will increase then people will move from Noida to Gurgaon.

                    Nothing good in noida. Lot of uncertainty.

                    Comment

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