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Jaypee Greens Wishtown, Noida

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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by dineshsays View Post
    No, fair analysis, but where is the commercial, industrial and corporate growth around Lutyens Delhi, or Golf Links or Chandigarh etc

    Before you just jump on to me to give the Delhi effect which is overplayed (Ive lived in Delhi all my life so BRING IT ON if u disagree), think this carefully, a lot of people buying Jaypee GC side are rich people and already have sustained means of sustenance.

    How do u further explain Jaypee GN is virtually sold out - lifestyle or second ir third homes right.

    I also think that there is 0 rule that housing should come first or industry just like you cannot establish if the egg came first or the chicken

    I might be wrong but nothing else except time will tell

    Sent from my GT-I9300 using Tapatalk 2
    :-) :-)) :-)))

    regards
    sbajaj

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by dineshsays View Post
      No, fair analysis, but where is the commercial, industrial and corporate growth around Lutyens Delhi, or Golf Links or Chandigarh etc

      Before you just jump on to me to give the Delhi effect which is overplayed (Ive lived in Delhi all my life so BRING IT ON if u disagree), think this carefully, a lot of people buying Jaypee GC side are rich people and already have sustained means of sustenance.

      How do u further explain Jaypee GN is virtually sold out - lifestyle or second ir third homes right.

      I also think that there is 0 rule that housing should come first or industry just like you cannot establish if the egg came first or the chicken

      I might be wrong but nothing else except time will tell

      Sent from my GT-I9300 using Tapatalk 2
      While your points are valid, the real point is there is a massive number of commercial buildings between Mahamaya flyover and Sector 93 and beyond in 135 and 137 also.

      There are at least 20-30 massive office complexes either already operational or coming up. Of all the places in NOIDA, expressway is the most viable area for commercial development going by launched and completed projects.

      If the original post meant shops - they will come last. Only after people start living, will living needs get met.

      Malls launched before habitation always bomb - because you cannot anticipate the needs of people 10 years in advance. Golf course road malls of GGN are a good example of bombed projects
      Last edited May 15 2013, 03:42 PM.
      Venky (Please read watch a or before posting)

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      • Re : Jaypee Greens Wishtown, Noida

        Didn't knew of massive complexes coming up on eway.
        Do you mind sharing few?


        Originally posted by Venkytalks View Post
        While your points are valid, the real point is there is a massive number of commercial buildings between Mahamaya flyover and Sector 93 and beyond in 135 and 137 also.

        There are at least 20-30 massive office complexes either already operational or coming up. Of all the places in NOIDA, expressway is the most viable area for commercial development going by launched and completed projects.

        If the original post meant shops - they will come last. Only after people start living, will living needs get met.

        Malls launched before habitation always bomb - because you cannot anticipate the needs of people 10 years in advance. Golf course road malls of GGN are a good example of bombed projects

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          A good way will be to compare the number of offices/ commercial spaces in GGN with that of Noida.
          I strongly feel there is lot missing in Noida, somehow corporate offices are not shifting to Noida E way, or Gr Noida, or even in Noida, in a hurry.

          In fact, WIPRO has drastically cut its operations from Gr. Noida campus, and with present situation and policies, such exodus will continue.



          Last edited May 15 2013, 05:01 PM.
          Digvijay

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            I think the GGN commercial success argument is very misunderstood and overplayed when it comes to taking a view on NOIDA.

            As someone who has lived in Delhi all his life and worked in Delhi and GGN, I reckon that years ago GGN made perfect sense for commercial space in NCR as it was the only viable alternative from the over-priced congestion of Delhi. Let's call this the 'first mover advantage' - there were other developing regions in the NCR, none witnessed such speedy, massive and 'upscale' development as a whole.

            That was a good development story for GGN. What we see today is the inertia of a substantially developed area propagating the image that it has already acquired, and expanding; the 'momentum advantage'.

            It's not fair to use that as a benchmark for NOIDA as it is today because, for whatever reason, NOIDA in that respect is a relative late starter and is still developing - we're talking about the same speedy, massive and 'upscale' development that we saw in GGN. If one is to acquire such commercial space in NCR today, one looks at Delhi (developed), if not Delhi then GGN (developed + developing), if not GGN then Noida (developing).

            Undoubtedly, the 'first mover advantage' and the 'momentum advantage' rest with GGN. What we see in NOIDA is its own development story - which in recent times has seen pick-up a rapid pace. To really see where this goes, one will have to wait at least another 5 years.

            Ask yourself - with lakhs of families having bought houses in areas such as the expressway, with lakhs of those families moving into the region - do you honestly think that commercial spaces which are being developed/ which will come up will not have takers?!

            Policies may matter to corporates, but let me tell you - what matters the most is economics and infrastructure. With its proximity and connectivity to Delhi, available space at competitive rates and good infrastructure, NOIDA would see very good commercial development.

            There is also a perceived benefit of GGN's proximity to the airport. Those who point this out fail to take into account that Noida is approx. 25 kms from the airport and it takes approx. 30 to 40 mins to travel. This is less than the time it takes to travel from IGI to many parts of Delhi, or for that matter, many upcoming areas in GGN.

            Long story short:

            1. It is not a case of GGN v NOIDA and its not a good way to analyze the NOIDA commercial space today to compare it with GGN.

            2. We don't see a mass exodus of corporates from GGN to NOIDA today.. ..because - well, why would you expect that to happen in the first place?

            3. Commercial spaces in Noida will definitely pick up and I expect that to be the case over the next 3-5 years in a big way.

            4. Isolated incidents of companies shifting offices and pulling out may be indicative of a rotten system - but that is something typical of India. Another company may pull-out of GGN tomorrow, but you and I may not notice it because there are another hundred which will still be there.

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by disposition View Post
              I think the GGN commercial success argument is very misunderstood and overplayed when it comes to taking a view on NOIDA.

              As someone who has lived in Delhi all his life and worked in Delhi and GGN, I reckon that years ago GGN made perfect sense for commercial space in NCR as it was the only viable alternative from the over-priced congestion of Delhi. Let's call this the 'first mover advantage' - there were other developing regions in the NCR, none witnessed such speedy, massive and 'upscale' development as a whole.

              That was a good development story for GGN. What we see today is the inertia of a substantially developed area propagating the image that it has already acquired, and expanding; the 'momentum advantage'.

              It's not fair to use that as a benchmark for NOIDA as it is today because, for whatever reason, NOIDA in that respect is a relative late starter and is still developing - we're talking about the same speedy, massive and 'upscale' development that we saw in GGN. If one is to acquire such commercial space in NCR today, one looks at Delhi (developed), if not Delhi then GGN (developed + developing), if not GGN then Noida (developing).

              Undoubtedly, the 'first mover advantage' and the 'momentum advantage' rest with GGN. What we see in NOIDA is its own development story - which in recent times has seen pick-up a rapid pace. To really see where this goes, one will have to wait at least another 5 years.

              Ask yourself - with lakhs of families having bought houses in areas such as the expressway, with lakhs of those families moving into the region - do you honestly think that commercial spaces which are being developed/ which will come up will not have takers?!

              Policies may matter to corporates, but let me tell you - what matters the most is economics and infrastructure. With its proximity and connectivity to Delhi, available space at competitive rates and good infrastructure, NOIDA would see very good commercial development.

              There is also a perceived benefit of GGN's proximity to the airport. Those who point this out fail to take into account that Noida is approx. 25 kms from the airport and it takes approx. 30 to 40 mins to travel. This is less than the time it takes to travel from IGI to many parts of Delhi, or for that matter, many upcoming areas in GGN.

              Long story short:

              1. It is not a case of GGN v NOIDA and its not a good way to analyze the NOIDA commercial space today to compare it with GGN.

              2. We don't see a mass exodus of corporates from GGN to NOIDA today.. ..because - well, why would you expect that to happen in the first place?

              3. Commercial spaces in Noida will definitely pick up and I expect that to be the case over the next 3-5 years in a big way.

              4. Isolated incidents of companies shifting offices and pulling out may be indicative of a rotten system - but that is something typical of India. Another company may pull-out of GGN tomorrow, but you and I may not notice it because there are another hundred which will still be there.
              Erudite...and sensible!!

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by dineshsays View Post
                No, fair analysis, but where is the commercial, industrial and corporate growth around Lutyens Delhi, or Golf Links or Chandigarh etc

                Before you just jump on to me to give the Delhi effect which is overplayed (Ive lived in Delhi all my life so BRING IT ON if u disagree), think this carefully, a lot of people buying Jaypee GC side are rich people and already have sustained means of sustenance.

                How do u further explain Jaypee GN is virtually sold out - lifestyle or second ir third homes right.

                I also think that there is 0 rule that housing should come first or industry just like you cannot establish if the egg came first or the chicken

                I might be wrong but nothing else except time will tell

                Sent from my GT-I9300 using Tapatalk 2
                Valid argument. There are no absolute answers...just two sides of a coin that are dependent on several intangibles. Appreciate

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by Digvijay View Post
                  A good way will be to compare the number of offices/ commercial spaces in GGN with that of Noida.
                  I strongly feel there is lot missing in Noida, somehow corporate offices are not shifting to Noida E way, or Gr Noida, or even in Noida, in a hurry.

                  In fact, WIPRO has drastically cut its operations from Gr. Noida campus, and with present situation and policies, such exodus will continue.



                  Please Update

                  Wipro has constructed another tower in its campus.
                  Also, NIIT Technologies in Greater Noida is building two more Blocks in its campus, once completed it will be just doubled to what it has now.
                  Thanks

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by steriod View Post
                    Didn't knew of massive complexes coming up on eway.
                    Do you mind sharing few?
                    Good catch. Most of the offices are already come up. Cant think of much coming up.

                    But I dont follow commercial and it is currently in doldrums. I can think only of Advant Navis phase 2 and Lotus commercial - there were a few others being advertised, but I cant recall the names. JP built a big office building - probably corporate office.

                    Others might be able to supplement the list of upcoming commercial space.

                    Main point is that adequate land and road infrastructure in the area of the expressway has been made available. Once the economy picks up and the existing space gets filled, only then with the pace of new projects pick up.
                    Venky (Please read watch a or before posting)

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Do not trust on property dealers/agents if they promise to give the discount through credit note. It is nothing but a gimmick. The big names of reality consultant like "BOP, Noida Office" are also not keeping their words and defaulting on credit note payment.
                      Never believe on credit note and take the discount only on the form.

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