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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by dineshsays View Post
    You wish.

    Let me give you an example - one of the worst investment decisions of my life was to buy a built up unit of greater noida authority. 120 sq mt plot with 2 bedroom house fully built up and expandable. Total cost plus registry is 44L (plus 3-4 L fine which can be attributed to me but GNA charges massive interest rate) - anyhow it sounded quite good. Own plot with own expandable house, up n coming area.

    The issue is 2 fold - resale rates are anywhere between 38-42, GNA has stopped ALL development in that area (huge land for roads etc available - just no roads), AND have now said one has to pay an addnl 1.8 L over 3 installments so that GNA can pay addnl compensation to farmers. Now if this one comes into effect retrospectively - I dont know how much more they will charge. Infact the COURT has said recover from existing allottees.

    So my friend GNA is doing this themselves. They will be very very sympthetic for builders to recover for you and me. Or they will recover by increasing (doubling) circle rates or some such stunt

    One should really wish that for WT land JP does not hv to pay addnl compensation.

    Anyhow I think with this investment in RE has become so much riskier that I feel really let down by these authorites / politicos /builders actions.

    Sent from my GT-I9300 using Tapatalk 2
    Even if this extra cost in form of additional compensation to farmers incurred by builders is transferred to existing allottees, would it not proportionately increase the property prices across the region in resale market as well.

    In such a scenario if the difference in existing cost and cost of unit after levying uch charges is huge, would banks be considerate enough to enhance the existing home loans of their customers.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by anantm View Post
      Even if this extra cost in form of additional compensation to farmers incurred by builders is transferred to existing allottees, would it not proportionately increase the property prices across the region in resale market as well.

      In such a scenario if the difference in existing cost and cost of unit after levying uch charges is huge, would banks be considerate enough to enhance the existing home loans of their customers.
      I would really like to believe this - but resale is a function of market price - which in turn is only influenced by purchase price to a small degree. It is more determined by demand and supply. A person buying - if he suddenly has to pay 10-15% extra - why would he buy - an investor certainly wouldn't; an end user might - only if he LOVES the property that he only has one eye on the price.

      Yes banks may increase the home loans - but what the hell - you have to pay them back.

      In my opinion you are finding positives where none exist (sorry for being a little blunt about it)

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      • Re : Jaypee Greens Wishtown, Noida

        What about villa in Jaypee Greens.

        I wanted to know something about Villa options in Jaypee Wish town, but could not find any thread on Kingswood Oriental and Kallisto Villas. It seems there is not much interest on these in IREF and and not much sale-purchase is happening in these two. Is there any good thread on IREF for information on these two? Can any body guide about these? My relative wants to purchase for their end use only.
        Last edited September 19 2013, 11:22 AM.

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        • Re : Jaypee Greens Wishtown, Noida

          Saw flyers about 2A Golf Academy operating from "in front of Boomerang Club, Jaypee Wishtown, Noida". Any more information on that? Seems like you can do some golfing activity without being member of Boomerang?

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by bksdel View Post
            I wanted to know something about Villa options in Jaypee Wish town, but could not find any thread on Kingswood Oriental and Kallisto Villas. It seems there is not much interest on these in IREF and and not much sale-purchase is happening in these two. Is there any good thread on IREF for information on these two? Can any body guide about these? My relative wants to purchase for their end use only.
            If you ask very pointed, very clear questions - I might have some inputs. But the more generic and wishy washy the question, I might not be able to help

            There is no thread on these AFAIK

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by dineshsays View Post
              I would really like to believe this - but resale is a function of market price - which in turn is only influenced by purchase price to a small degree. It is more determined by demand and supply. A person buying - if he suddenly has to pay 10-15% extra - why would he buy - an investor certainly wouldn't; an end user might - only if he LOVES the property that he only has one eye on the price.

              Yes banks may increase the home loans - but what the hell - you have to pay them back.

              In my opinion you are finding positives where none exist (sorry for being a little blunt about it)
              Your logic is equally applicable to sudden increase in super area at possession. Recently ATS/JP has done and lot of investors are happy that overnight their flat has appreciated 10-15% where as it never happens as per your analysis. Correct ??

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by rahulkumar12 View Post
                Your logic is equally applicable to sudden increase in super area at possession. Recently ATS/JP has done and lot of investors are happy that overnight their flat has appreciated 10-15% where as it never happens as per your analysis. Correct ??
                I dont know if it NEVER happens. From my experience it HASNT happened to ME. Most resale deals after a point are decided on full price and hardly if ever on BSP. Karte rahe builder/ authority kuch bhi. The only material thing that is impacted is the ratio of back/white - white has to increase if Circle Rate increases (or sales may die down)

                Only poor uninformed souls with lots of money will fall into this (in resale) trap of happily paying more for the same flat.

                Everyone eventually has a budget that they buy out of - it is not a BSP derived never ending POT.

                So in my opinion - Super Area increase DOES NOT translate into the value of your flat going up. Unless you get a desperate or quite frankly, a dodo of a buyer (moneywise).

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by dineshsays View Post
                  I dont know if it NEVER happens. From my experience it HASNT happened to ME. Most resale deals after a point are decided on full price and hardly if ever on BSP. Karte rahe builder/ authority kuch bhi. The only material thing that is impacted is the ratio of back/white - white has to increase if Circle Rate increases (or sales may die down)

                  Only poor uninformed souls with lots of money will fall into this (in resale) trap of happily paying more for the same flat.

                  Everyone eventually has a budget that they buy out of - it is not a BSP derived never ending POT.

                  So in my opinion - Super Area increase DOES NOT translate into the value of your flat going up. Unless you get a desperate or quite frankly, a dodo of a buyer (moneywise).
                  200% Right.

                  regards
                  sbajaj

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                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by rahulkumar12 View Post
                    Your logic is equally applicable to sudden increase in super area at possession. Recently ATS/JP has done and lot of investors are happy that overnight their flat has appreciated 10-15% where as it never happens as per your analysis. Correct ??
                    On a separate point...Krescent Homes is in different league altogether where super area increased before the digging was over...forget the possession

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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by MeinSonu View Post
                      On a separate point...Krescent Homes is in different league altogether where super area increased before the digging was over...forget the possession
                      This sounds more honest. They changed the plans and knew what they were doing before starting construction. And admitted so openly so that atleast ppl buying during construction would know what they're buying.

                      Compare this with someone who constructs a tower of 30+ floors, and keeps selling apartments as per the old area during construction, and at the end of the construction says: "Oops, its 15% larger than what I wanted to make"!!!

                      If required, even a halwai can make gulabjamuns within 5% of the specified weight/ size...but the builder goofs up by 15%! And guess what...always in the direction of making a 'larger' apartment.

                      Well, have to take it on the chin. That's the downside risk of 'leveraged' CLP investing in under-construction property in India.

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