i remember having the same kind of discussions abt 6 months back when me and a friend of mine picked up this rumor abt Prateek planning for a new project in Sec 107....we just shot in the dark and were fortunate enough to make some bookings at entry level....undoubtedly, projects launch seems to have been delayed for sometime but guess what the prices have already shot up by more than 1000 bucks...by the time project is launched it will probably be another 100 bucks up...crazy i must say!! Atleast i am not complaining...
I am not sure about Prateek, but I have seen this happening for Gulshan at sector-143.
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Just noticed that Godrej has launched a new project in Bangalore at 3000/- psf (.godrejpropertiescom / godrejecity/overview)
Yes you heard that right..
My friends in bangalore prefer to stay on rent as the supply of flats have increased so much that owners are finding it difficult to get them rented out. Some owners are now paying monthly maintenance without getting any tenant.
I suspect Noida RE will suffer the same fate as there is no industries moving in here due to political instability and GundaRaj.
I am just trying to be cautious here - just look at the number of flats being built by jaypee.
Also given the impending recession, I doubt the abilities of these RE players to complete their projects on time and in qulaity - one earthquake and you would find penthouse and first floor at the same level..
Dude why bring earthquakes n natural calamities in justication of wrong pricing of builders?
Bhagwaan kare aapki kaali zubaan na ho.
Don't worry Dude.
A broker told me today that in Noida, a flat changes at least 10 hands before it reaches the actual end user hence the prices are so high as each of the middlemen wants to make huge money.
As regards ATS, I must say that the only negative about them is there loading. They started with 2000 sq feet house which has now been increased to 2250 in their Gurgaon project, ans as per company officials it will be increased to 2350 in Noida. Mind u the increase is only in super area and not in actual usable area of the flat. Add to that the 10% increase in super area that each builder does at the end of the project(to cancel out penalty clause) - so we are looking at a loading factor of around 50%. No one is a fool to give the builder such a high price.
So in anutshell, don't just focus on psf rate, also see the loading which in ATS has been on the higher side always.
Pls do not make such big deal out of it .. the project is not even in prelaunch or announced officially .. So chill .. You will have quite a work to do when its launched.. so pls save your time and energy..