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Confused First time buyer

Last updated: May 21 2012
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  • Confused First time buyer

    So After following IREF for almost 1 yr .... have spent 'N' litres of petrol and N number of hours visiting different areas of Noida ,I need suggestions from people ( Sorry ...experts )

    My Profile:
    Per month salary 75K ( Take away)
    liability : 0 Rs ...not even a single paisa loan

    investment :
    Around 60L in tier 2 cities ..
    Zohaib : you are right ,I agree with you . Investment in tier 2 cities is much much better than NCR.
    For few of my investments , I had 100% return in 1.5 years ...( yes ...I am being honest ..) and the best part is in tier 2 cities you know people and can trust your broker ... jahan par jubaan ki value hoti hai ...in fact for some of my plot deals I never visited them also .... bought through broker ..sent him the money ...got it on Power of Attorney ..and even sold it without visiting ..pocketing 100% return in 1.5 years

    My hunt in Noida:
    Need home for END USE ..

    Question 1 :
    Is this the right time to buy:
    As most of the societies in Noida are under construction, highly dense ..agree with many experts sharing their views here that key factor which will decide a good society will be the maintenance after possession.
    ---. If I buy today ...in resale in most of the projects are around 4200-4800AI.... I can afford to buy 1200 sqft house in around 54L ....
    lekin kuch pata nahi ki society ka kya hoga jab possession milega ....

    ---- what I feel ki in next 2 yrs noida mein RTM flats ki supply kaafi ho jaayegi ..so RTM ke rates 5000-5500 hone chaahiye ..isse jyaada nahi...itni supply ho jaayegi .... so I wait for sometime ...
    --- faayda ye ki RTM mein at least mujhe pata rahega ki kya mil raha hai .... mera investment side mein grow karega hi ..
    ---bit risky ..kahin 2 saal mein rate 6500 naa ho jaaye ...i feel ki chances kam hai...

    --I feel ki noida mein property is not VFM.... jinhone 3000rs par li unke liya achcha hai ...but ab 4200 mein lena is not a wise decision..

    --wait karne se I think : Eway will not be affordable for common people ..jitne investers hai they will try to exit in next 2 yrs to ho sakta hai resale mein mil jaaye ...and jo naye middle class ka lot hai wo GN mein shift karna shuru kar jaaye ....to 2 saal baad pari chowk par 4000 ki rate mein kaaf achcha ghar mil jaayega ...



    Location
    - I need a value for money property.
    - I can buy 2 BHK appx 50-60L..
    1.) NE bhagwaan hi maalik hai ..
    2.) Xway - overhyped property
    3.) CR : aaj hi jaakar aaya hoon ..too dense ....kuch patle patle roads hai connectivity ke naam par .... appx.. 50 K flats .... un flats ke log jab un patli sadkon par nikalenge to ..nikal paayenge nahi

    oopar se NE agar open ho bhi gaya to CR ki public jo NE hote hue aayegi to hindon bridge naa to CR ko jhel paayega naa hi NE ko ...
    major issue in CR is the roads connectivity ... density to sab jagah high hai ..
    4.) baki 118/121 waali location koi khaas nahi lagti hai : reason ki wahan par lene ki bajay NE mein uski 50% rate mein le lo yaa phir CR ..... sabka traffic aana to ek hi road par hai



    Fact is I am too confused just like other IT professionals for property market( * But maine google ki bajay property ke dhakke bhi khaa khaakar aaya hoon..)

    I need suggestions from people ki what should be my strategy ....
    I am too confused
  • #2

    #2

    Re : Confused First time buyer

    Expressway is not over-hyped..find a good builder ,close to construction.There is a reason folks are choosing that over other places in Noida.

    Unless you want to explore sector 50 Noida (my personal favorite) RTM flats.

    Comment

    • #3

      #3

      Re : Confused First time buyer

      seems you are already an old player of RE whoi has bought and sold in tier-2 cities leave alone NCR..

      Dont waste your time here!!! For end use buy a property which you like...be it on eway or in 7x or in 10x

      Originally posted by raj2782 View Post
      So After following IREF for almost 1 yr .... have spent 'N' litres of petrol and N number of hours visiting different areas of Noida ,I need suggestions from people ( Sorry ...experts )

      My Profile:
      Per month salary 75K ( Take away)
      liability : 0 Rs ...not even a single paisa loan
      10x.
      investment :
      Around 60L in tier 2 cities ..
      Zohaib : you are right ,I agree with you . Investment in tier 2 cities is much much better than NCR.
      For few of my investments , I had 100% return in 1.5 years ...( yes ...I am being honest ..) and the best part is in tier 2 cities you know people and can trust your broker ... jahan par jubaan ki value hoti hai ...in fact for some of my plot deals I never visited them also .... bought through broker ..sent him the money ...got it on Power of Attorney ..and even sold it without visiting ..pocketing 100% return in 1.5 years

      My hunt in Noida:
      Need home for END USE ..

      Question 1 :
      Is this the right time to buy:
      As most of the societies in Noida are under construction, highly dense ..agree with many experts sharing their views here that key factor which will decide a good society will be the maintenance after possession.
      ---. If I buy today ...in resale in most of the projects are around 4200-4800AI.... I can afford to buy 1200 sqft house in around 54L ....
      lekin kuch pata nahi ki society ka kya hoga jab possession milega ....

      ---- what I feel ki in next 2 yrs noida mein RTM flats ki supply kaafi ho jaayegi ..so RTM ke rates 5000-5500 hone chaahiye ..isse jyaada nahi...itni supply ho jaayegi .... so I wait for sometime ...
      --- faayda ye ki RTM mein at least mujhe pata rahega ki kya mil raha hai .... mera investment side mein grow karega hi ..
      ---bit risky ..kahin 2 saal mein rate 6500 naa ho jaaye ...i feel ki chances kam hai...

      --I feel ki noida mein property is not VFM.... jinhone 3000rs par li unke liya achcha hai ...but ab 4200 mein lena is not a wise decision..

      --wait karne se I think : Eway will not be affordable for common people ..jitne investers hai they will try to exit in next 2 yrs to ho sakta hai resale mein mil jaaye ...and jo naye middle class ka lot hai wo GN mein shift karna shuru kar jaaye ....to 2 saal baad pari chowk par 4000 ki rate mein kaaf achcha ghar mil jaayega ...



      Location
      - I need a value for money property.
      - I can buy 2 BHK appx 50-60L..
      1.) NE bhagwaan hi maalik hai ..
      2.) Xway - overhyped property
      3.) CR : aaj hi jaakar aaya hoon ..too dense ....kuch patle patle roads hai connectivity ke naam par .... appx.. 50 K flats .... un flats ke log jab un patli sadkon par nikalenge to ..nikal paayenge nahi

      oopar se NE agar open ho bhi gaya to CR ki public jo NE hote hue aayegi to hindon bridge naa to CR ko jhel paayega naa hi NE ko ...
      major issue in CR is the roads connectivity ... density to sab jagah high hai ..
      4.) baki 118/121 waali location koi khaas nahi lagti hai : reason ki wahan par lene ki bajay NE mein uski 50% rate mein le lo yaa phir CR ..... sabka traffic aana to ek hi road par hai



      Fact is I am too confused just like other IT professionals for property market( * But maine google ki bajay property ke dhakke bhi khaa khaakar aaya hoon..)

      I need suggestions from people ki what should be my strategy ....
      I am too confused

      Comment

      • #4

        #4

        Re : Confused First time buyer

        Originally posted by raj2782 View Post
        So After following IREF for almost 1 yr .... have spent 'N' litres of petrol and N number of hours visiting different areas of Noida ,I need suggestions from people ( Sorry ...experts )

        My Profile:
        Per month salary 75K ( Take away)
        liability : 0 Rs ...not even a single paisa loan

        investment :
        Around 60L in tier 2 cities ..
        Zohaib : you are right ,I agree with you . Investment in tier 2 cities is much much better than NCR.
        For few of my investments , I had 100% return in 1.5 years ...( yes ...I am being honest ..) and the best part is in tier 2 cities you know people and can trust your broker ... jahan par jubaan ki value hoti hai ...in fact for some of my plot deals I never visited them also .... bought through broker ..sent him the money ...got it on Power of Attorney ..and even sold it without visiting ..pocketing 100% return in 1.5 years

        My hunt in Noida:
        Need home for END USE ..

        Question 1 :
        Is this the right time to buy:
        As most of the societies in Noida are under construction, highly dense ..agree with many experts sharing their views here that key factor which will decide a good society will be the maintenance after possession.
        ---. If I buy today ...in resale in most of the projects are around 4200-4800AI.... I can afford to buy 1200 sqft house in around 54L ....
        lekin kuch pata nahi ki society ka kya hoga jab possession milega ....

        ---- what I feel ki in next 2 yrs noida mein RTM flats ki supply kaafi ho jaayegi ..so RTM ke rates 5000-5500 hone chaahiye ..isse jyaada nahi...itni supply ho jaayegi .... so I wait for sometime ...
        --- faayda ye ki RTM mein at least mujhe pata rahega ki kya mil raha hai .... mera investment side mein grow karega hi ..
        ---bit risky ..kahin 2 saal mein rate 6500 naa ho jaaye ...i feel ki chances kam hai...

        --I feel ki noida mein property is not VFM.... jinhone 3000rs par li unke liya achcha hai ...but ab 4200 mein lena is not a wise decision..

        --wait karne se I think : Eway will not be affordable for common people ..jitne investers hai they will try to exit in next 2 yrs to ho sakta hai resale mein mil jaaye ...and jo naye middle class ka lot hai wo GN mein shift karna shuru kar jaaye ....to 2 saal baad pari chowk par 4000 ki rate mein kaaf achcha ghar mil jaayega ...



        Location
        - I need a value for money property.
        - I can buy 2 BHK appx 50-60L..
        1.) NE bhagwaan hi maalik hai ..
        2.) Xway - overhyped property
        3.) CR : aaj hi jaakar aaya hoon ..too dense ....kuch patle patle roads hai connectivity ke naam par .... appx.. 50 K flats .... un flats ke log jab un patli sadkon par nikalenge to ..nikal paayenge nahi

        oopar se NE agar open ho bhi gaya to CR ki public jo NE hote hue aayegi to hindon bridge naa to CR ko jhel paayega naa hi NE ko ...
        major issue in CR is the roads connectivity ... density to sab jagah high hai ..
        4.) baki 118/121 waali location koi khaas nahi lagti hai : reason ki wahan par lene ki bajay NE mein uski 50% rate mein le lo yaa phir CR ..... sabka traffic aana to ek hi road par hai



        Fact is I am too confused just like other IT professionals for property market( * But maine google ki bajay property ke dhakke bhi khaa khaakar aaya hoon..)

        I need suggestions from people ki what should be my strategy ....
        I am too confused
        Itni mehnat karke post likhi hain ... in short you are saying we all should invest in Gurgaon or tier 2 cities. Investing in NOIDA is not good at 4000bsp! Ab Allah Malik!!!

        Comment

        • #5

          #5

          Re : Confused First time buyer

          Originally posted by kyatha2011 View Post
          Itni mehnat karke post likhi hain ... in short you are saying we all should invest in Gurgaon or tier 2 cities. Investing in NOIDA is not good at 4000bsp! Ab Allah Malik!!!
          naaji maine aisa kuch nahi kaha .... my purpose is End Use ..so suggestion chaahiye tha ki wait karoon yaa after 2 years RTM loon...there will be lot of RTM supply on expressway after 2 yrs ....

          badi post isiliye thi taaki toda bahut pata chal jaaye mere baare mein taaki some one can suggest ....

          Comment

          • #6

            #6

            Re : Confused First time buyer

            Sorry to say but i didnt liked ur "sorry experts" comment that u wrote on top of ur post.
            If you aren't working for your goals, you are working for someone else's goals!

            Comment

            • #7

              #7

              Re : Confused First time buyer

              bhai...you might not get good replies. Aap yahaan sabhi ka mazaak uda ne aaye ho kya... what do mean by "experts"....

              Just to say... "Expressway projects are not over hyped", let them RTM in 3-5 years time, this properties at current rates are worth to invest.

              Comment

              • #8

                #8

                Re : Confused First time buyer

                Originally posted by LChand View Post
                bhai...you might not get good replies. Aap yahaan sabhi ka mazaak uda ne aaye ho kya... what do mean by "experts"....

                Just to say... "Expressway projects are not over hyped", let them RTM in 3-5 years time, this properties at current rates are worth to invest.

                bhaiyon....I meant by experts ki who has very good knowledge of RE in Noida ... and I meant it ...... I was not being sarcastic ... I am big fan of some people over here with the kind of knowledge they have about the projects .....I used to invest in plots in my hometown ... so when I started looking for flat in NOida ....mujhe ye bhi pata nahi thaa ki loading kya hoti hai ...... sab yahin se seekha ... that's why I said "Experts"

                Comment

                • #9

                  #9

                  Re : Confused First time buyer

                  Originally posted by kumargaurav View Post
                  Sorry to say but i didnt liked ur "sorry experts" comment that u wrote on top of ur post.
                  I didn't say "Sorry Experts" .... I wrote people ...and then to thanks them for their knowledge ... I am sorry ...people are RE experts .......

                  Comment

                  • #10

                    #10

                    Re : Confused First time buyer

                    Originally posted by LChand View Post
                    bhai...you might not get good replies. Aap yahaan sabhi ka mazaak uda ne aaye ho kya... what do mean by "experts"....

                    Just to say... "Expressway projects are not over hyped", let them RTM in 3-5 years time, this properties at current rates are worth to invest.
                    LChand bhai,

                    aise girgit ki tarah rang q badalte ho

                    Abhi last week bol rahe the ki Noida region ka kya hoga doston!

                    Comment

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