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RE going down or going up. enjoy

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RE going down or going up. enjoy

Last updated: June 21 2013
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  • rajranme
    started a topic RE going down or going up. enjoy

    RE going down or going up. enjoy

    u ever felt so? no right
    Attached Files

  • rakesh311
    replied
    Originally posted by fatichar View Post
    If you are advocating buying land from Noida authority, then you have take the rate offered by them.

    In 2010, authority sold group housing plots at around 2000 psf.

    Effective FAR = 3

    Land cost psf of super area = 667

    Construction cost 1200 psf

    Total 1867 psf. Add administration, monitoring costs and suvidha shulk. It would exceed 2000 psf. And builders sold in open market at 2700 psf in same location.

    There actually IS such a society - www.cmohs.info/noida75sector.htm‎

    See what rate they sold at and what is their status.

    - tapatalk free
    You are pointing towards noida extn land acquisition issues where Behenji burned her fingers badly by first acquiring land from farmers under emergency clauses for industrial use at peanuts rate .i.e 80-100/sqft, and then covertly selling as residential land to builders at 10-12 times the rates for her own profit. Everyone including farmers, builders, end buyers finally got stuck due to the policy itself & not because land was costly to begin with!

    My point was that day in day out unscrupulous people are buying land directly from farmers sometimes even without paying anything (only on POA basis!) & launching projects. So much land has been unlocked for residential use as per zoning regulations catering to cities expansion all over India & even in NCR whether in Delhi or Haryana(Gurgaon, Faridabad etc) Rajasthan( Bhiwadi ) or U.P.(Ghaziabad etc)

    Leave alone land in suburbs, even the Master Plan of Delhi when it gets implemented & thousands of acres of R zone land which is up for grabs in very cheap rates whether in areas adjoining Nazafgarh, Rohini, Chattarpur etc & apartments are finally constructed on them, we will see how many will still buy these castles which builders offering in faroff places like N expy/NE/GN......

    Formation of bonafide CGHSs by people & delivering residential properties at VFM prices in these unlocked areas is not a very difficult proposition in this IT age. Many such examples of these exist in tier-II cities in Punjab, Haryana etc where people collaborate, live in beautiful houses with much less investment(of course without clubhouses & golf courses!).

    Leave a comment:


  • vlord0007
    replied
    All these talks of vacant units is useless

    Because most new wannabeinvestors are usually out soon as they can't find a tenant or murgaa. The empty units you rarely see in societies are usually owned by the big wigs. Most units get a tenant in 1 - 2 years as the people start moving so it's no tension for big wigs. As long as there are brokers/investors in market we common people can't get cheaper deals. Rates only stagnate for good locations for few months and then it's bull cycle again.

    Leave a comment:


  • fatichar
    replied
    Originally posted by rakesh311 View Post
    All over India, land is identified & bought by the persons who require it...Authority is just a facilitator..it acts as a middleman right..but how does it prevent people to do what builders do?.... There are many central/state level govt employee associations looking after the welfare of its employees who register themselves as societies & function on no profit-no loss basis offering their employees properties in much cheaper price.
    If you are advocating buying land from Noida authority, then you have take the rate offered by them.

    In 2010, authority sold group housing plots at around 2000 psf.

    Effective FAR = 3

    Land cost psf of super area = 667

    Construction cost 1200 psf

    Total 1867 psf. Add administration, monitoring costs and suvidha shulk. It would exceed 2000 psf. And builders sold in open market at 2700 psf in same location.

    There actually IS such a society - www.cmohs.info/noida75sector.htm‎

    See what rate they sold at and what is their status.

    - tapatalk free

    Leave a comment:


  • rakesh311
    replied
    Originally posted by fatichar View Post
    In Noida, builders don't buy land from farmers. Neither can we. Authority is the middleman.

    - tapatalk free
    All over India, land is identified & bought by the persons who require it...Authority is just a facilitator..it acts as a middleman right..but how does it prevent people to do what builders do?.... There are many central/state level govt employee associations looking after the welfare of its employees who register themselves as societies & function on no profit-no loss basis offering their employees properties in much cheaper price.

    Leave a comment:


  • fatichar
    replied
    Originally posted by rakesh311 View Post
    You dont buy land for societies the same way u buy plots in Noida sectors.

    If builders can buy land for peanuts from farmers, so can people (who get together as cooperative societies) too.

    Buy agricultural, build residential..this is what the builders did & this is what the people should have done too from day 1.

    Of course, you can't undo the damage already done by the relentless speculation & govt connivance, you can't build your society bang on Noida city centre...but atleast people can beat the builders in their own game by reaching for those lands nearby before the builders do their next "Pre-launch" there & expand their greed to those newer avenues!

    Once people do this, you will yourself see the overpriced prices of these places fall like a pack of cards!
    In Noida, builders don't buy land from farmers. Neither can we. Authority is the middleman.

    - tapatalk free

    Leave a comment:


  • fatichar
    replied
    Originally posted by jaijai View Post
    Its actually ~60% of new houses. But nevertheless, quite a big number at 11 million i.e. 1 crore houses !!
    62% of India
    The link you posted talks about India, whereas the original poster was talking about NCR and applying it to Noida.

    There have been very limited deliveries in Noida in 1 year; I doubt 60% of them would be vacant.

    - tapatalk free

    Leave a comment:


  • jaijai
    replied
    Originally posted by fatichar View Post
    Mulmule, where did you get this statistic from, that 60% houses are vacant?

    - tapatalk free
    Its actually ~60% of new houses. But nevertheless, quite a big number at 11 million i.e. 1 crore houses !!
    62% of India

    Leave a comment:


  • rakesh311
    replied
    Originally posted by fatichar View Post
    Rakesh,

    Seriously? What is the land price in Noida? Can you post your calculation as to how one can make a society at 1/3 the price quoted by builders?

    - tapatalk free
    You dont buy land for societies the same way u buy plots in Noida sectors.

    If builders can buy land for peanuts from farmers, so can people (who get together as cooperative societies) too.

    Buy agricultural, build residential..this is what the builders did & this is what the people should have done too from day 1.

    Of course, you can't undo the damage already done by the relentless speculation & govt connivance, you can't build your society bang on Noida city centre...but atleast people can beat the builders in their own game by reaching for those lands nearby before the builders do their next "Pre-launch" there & expand their greed to those newer avenues!

    Once people do this, you will yourself see the overpriced prices of these places fall like a pack of cards!
    Last edited June 19 2013, 04:43 PM.

    Leave a comment:


  • fatichar
    replied
    Rakesh,

    Seriously? What is the land price in Noida? Can you post your calculation as to how one can make a society at 1/3 the price quoted by builders?

    - tapatalk free

    Leave a comment:

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