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Rate Increase in Crossing is Worth or not !!!!
June 14 2012 , 12:06 AM   #1
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Rate Increase in Crossing is Worth or not !!!!

Hi Seniors,

Just visited crossing this weekend and found that the rates are gone so much in this area.

Current rate in all RTM societies is Rs 3000 PSF. where as few months back it was just 2200-2300 rs PSF.

Even builders says that all this Hike is due to Noida extension issue and people are moving towards crossing.

Seniors please suggest if this time is a right time to invest in crossing or not, do you think rates will go on increasing like this or else one should wait for Noida extension clearance, do you think Noida extension clearance will bring rates down in this area.


Thanks,

Kapil Gogia
June 14 2012 , 12:23 AM   #2
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NE clearance will surely bring rate down but NE is an unending story.

3000 is too much. 1 week back I was there and most builders quoted 2700-2800.
Though they said only 1-2 flats remaining, but after 4-5 days, all of them are calling and convincing that my choice of flat will be there.

CR prices have shot 30% in last 8 months. Does not look like it will shoot much more, but you never know.
June 14 2012 , 12:42 AM   #3
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Quote:
Originally Posted by jeetcp
NE clearance will surely bring rate down but NE is an unending story.

3000 is too much. 1 week back I was there and most builders quoted 2700-2800.
Though they said only 1-2 flats remaining, but after 4-5 days, all of them are calling and convincing that my choice of flat will be there.

CR prices have shot 30% in last 8 months. Does not look like it will shoot much more, but you never know.
3000buck per sqft for RTM, i wouldnt call it much. and as you said its gone up around some 30% in last few months, i 'd cut the sharpest deal possible n move into i like. getting an RTM this cheap is not even possible in even RNE.
June 14 2012 , 01:14 AM   #4
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Quote:
Originally Posted by abhishek.b
3000buck per sqft for RTM, i wouldnt call it much. and as you said its gone up around some 30% in last few months, i 'd cut the sharpest deal possible n move into i like. getting an RTM this cheap is not even possible in even RNE.
3000 for a 3BHK of 1500 Sqf = 45 Lac+ some extra charges. And it is not RTM. It is for those to be ready in 4 month they say (who knows how long in actual).
And this is for floor above 10-12th and PLC is extra.

Is it still a good deal? Please suggest. It will help.
June 14 2012 , 01:37 AM   #5

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I wonder why prices are going up, considering that (confirm) dumping ground( work has started) coimng ..


its crazy hike by builder brokers, pls be cautioned .... no one can pay 3000 Ai infornt of or near to dumping ground .. its sheer mirage due to NE issue.

RNE is best option freehold n free from DG issue s
June 14 2012 , 12:48 PM   #6
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How sad.. Some people are still getting haunted by DG ghost..
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Jass ... come out of the 'fear' .. DG is not going to come ... Its in court, and you know 'snails are faster than our courts'

And even though DG case come out of dark, we will push it again into another dark era of courts .. .. Don't worry, have faith on our judiciary...


Quote:
Originally Posted by jass_s
I wonder why prices are going up, considering that (confirm) dumping ground( work has started) coimng ..


its crazy hike by builder brokers, pls be cautioned .... no one can pay 3000 Ai infornt of or near to dumping ground .. its sheer mirage due to NE issue.

RNE is best option freehold n free from DG issue s
June 14 2012 , 03:18 PM   #7
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3000 psft for RTM or almost RTM is not high. There aren't too many comparable options at this price in Delhi NCR. Some of the builders are charging much higher than this for under construction flats in RNE. Going to CR or RNE is an individual decision. The prospective buyer should factor in that CR price was stagnant for almost 4 years if not more and the appreciation in the last one year is not irrational. After a slow start, CR is moving up on the price front. From 3k, the prices are going to go further up only or in a worst case scenario, remain stable for while.
The residents of CR are confident that DG will not be built there. It will not be easy for the admin to construct the DG there. More than the DG and price, you should look at other factors such as property's legal status, amenities, maintenance cost and electricity, etc. to take a final call if u r an end user.
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