Picked up one distress sale yesterday in gurgaon and this link was instrumental for this deal.

https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/60690-distress-sales-in-depressed-market-of-gurgaon?t=62106

How is the distress sale market in Noida ?

If anyone knows about any distress sale in depressed market then please post here.

Thanks



Moderator's Note

No Buying/Selling Solicitations
IREF is a NOT meant for buying or selling real estate. Advertisements, solicitations for real estate services or business are strictly prohibited in threads/posts or Private Message Boards.


Links/Solicitation
Advertising goods or services related or unrelated to Real Estate, posting of affiliate or referral links, or any other form of solicitation is NOT permitted (this includes member profiles or any other publicly viewable area). Links on first post (or first couple if you're being slick) to your own site: If it's a competing website, not okay. If it's a blog entry you're referring to, that's alright. Bottom line - Don't come here to pimp your site – come here to be a member. Links to your own site, in general: Sorry. Not Allowed.
Read more
Reply
107 Replies
Sort by :Filter by :
  • Arrey sahab yeh kaunsa thread start kar diya yahan par....Noida forum main ''Rates down'' sunkey log 440 V ka current maarney lagtey hain. Duniya idhar ki udhar ho jaye par Noida ke rates kabhi kam nahin ho saktey (Iref pe) ;) Yahaan log Jaypee aur 3C ke bhakt hain. BBA pe likh ke diya hai Noida builders ne...ki rates can only Go Up :)
    CommentQuote
  • I don't know whether you can call it distress sale or not but underwriters in noida are selling lot of 3c and JP flats on special payment plan ( 50:50 and subvention schemes ). sector 7X builders also have lot of such offers.
    CommentQuote
  • one distres ssale

    Price / Sq-ft : Rs. 7,071

    Address: JP WISH TOWN 128,Sector-128
    view all amenities
    Bedroom(s): 3
    Bathroom(s): 4
    Balconies: 2
    Covered Area: 2970 Sq-ft
    3 BHK flat
    CommentQuote
  • Originally Posted by searchison
    Price / Sq-ft : Rs. 7,071

    Address: JP WISH TOWN 128,Sector-128
    view all amenities
    Bedroom(s): 3
    Bathroom(s): 4
    Balconies: 2
    Covered Area: 2970 Sq-ft
    3 BHK flat


    Which project in 128, pls give tower unit and floor details
    CommentQuote
  • Originally Posted by bhuwan
    Which project in 128, pls give tower unit and floor details


    This sounds like Kalypso Court 3 bhk + large terrace. If you are getting at this rate - it really is a good price (obviously depending on the unit) - I'd say its almost a steal. I got a call for my Kalypso unit offering 8500 (literally a few minutes back) (without any negotiation) - so this sounds too good to be true.

    Please check this is not a cancelled unit as well
    Attachments:
    CommentQuote
  • Because 3C and JP both have unlimited supply , JP even more so. 1 maango 4 milenge .

    And both in 3C and JP there are tons of investors who want to exit.

    Originally Posted by sumit202020
    I don't know whether you can call it distress sale or not but underwriters in noida are selling lot of 3c and JP flats on special payment plan ( 50:50 and subvention schemes ). sector 7X builders also have lot of such offers.
    CommentQuote
  • You get 4BHK in the same size in ATS OH, obviously at higher price but also a lot early possession..


    Also, JP would increase super area by 10%, ATS might be a little more generous by increasing it by 5-6%.
    So, you gain 4% there as well.

    3BHK in 3200 sq feet in JP is a bad bad deal .

    Originally Posted by searchison
    Price / Sq-ft : Rs. 7,071

    Address: JP WISH TOWN 128,Sector-128
    view all amenities
    Bedroom(s): 3
    Bathroom(s): 4
    Balconies: 2
    Covered Area: 2970 Sq-ft
    3 BHK flat
    CommentQuote
  • Originally Posted by bhuwan
    Which project in 128, pls give tower unit and floor details


    Yes its Kalypso Court 3 bhk + large terrace
    CommentQuote
  • Originally Posted by searchison
    Yes its Kalypso Court 3 bhk + large terrace


    I'd say definitely find about this - the large terrace has a great view of the eWay on one side and the GC on the other - and top notch specs. Possession by 2014.

    Mention the unit etc and I can help suggest if it is a good unit, just check at the outset it is not a cancelled unit or anything like that.

    The actual plan is a little better than the one I posted (just not available in the public domain).

    The 4 bhk in Kalypso is at 3300-3500 sq ft area - again a very airy, very nice plan

    7100 is a great great price to enter

    See the attached picture - the units above the bridges are the 2900 sq ft units
    Attachments:
    CommentQuote
  • From the picture, There are multiple bridges/ tower.

    Not all of them are open to the sky though it seems - are they having same layouts?
    CommentQuote
  • Originally Posted by Magadh_Pride
    From the picture, There are multiple bridges/ tower.

    Not all of them are open to the sky though it seems - are they having same layouts?


    Difficult to explain - Kalypso has the most complex floor plan and options

    15 towers in all

    5 towers are G+22 (3 bridges, 3 towers have 2 units per bridge floor, 2 have 1 unit per bridge floor) = 24 units
    4 towers are G+15 (2 bridges, 2 towers have 2 units per bridge floor, 2 have 1 unit per bridge floor) = 12 units
    6 towers are G+25 (3 bridges, 4 towers have 2 units per bridge floor, 2 have 1 unit per bridge floor) = 30 units

    So a total of 66 such units are there

    To further add to the complexity, these 66 will be split into 2-3 prominent plan types (nothing very different, but some rooms here and there or the angle changing a bit in the corner units)

    I personally wanted to buy these when I was getting into Kalypso but didnt have enough cash then. I am really surprised should a genuine 7100 bucks deal should materialise

    And none of them open to the sky (those that do are the penthouses)

    These are open 5-6 floors before the next bridge tops it
    CommentQuote
  • Although i m still bullish for RE, but ihav a feeling its difficult to find buyers for high cost units nearing possession, because approx 95% of BSP and 100% of premium will be due immediately. With total estimated cost 2.15-2.2 Cr to be shelled out immediately wooh.... Its a huge amount upfront. I definitely wish to buy but KRISTAL looks better alternative with ease of payments.
    Hope u find a end user pretty soon.
    CommentQuote
  • Are we calling a 2 crore plus deal for an under construction flat as DISTRESSED deal.

    Wow
    CommentQuote
  • Originally Posted by Digvijay
    Are we calling a 2 crore plus deal for an under construction flat as DISTRESSED deal.

    Wow


    :) seller may still be having 50lks premium (without considering the cost towards interest forgone 2-3 yrs over the invested capital), but this deal is definitely available beloq market price.....
    CommentQuote
  • I want to list one distress sale.. Lotus Boulevard - 2 BHK ready to move in.. Booked at 3250.. Selling at 7500.. 8 months back was selling at 5600..

    Getting confirmed calls at 7300 but cant sell in so much distress..

    Hope sceptics trying to spread rumors get the point..
    CommentQuote