Posted By VIRESH SAXENA (UAE) on www.indiaspaces.com 26 OCT 2010
I purchased RPS Savana 2+1 flat in 2006 at Rs 1800/- per sq ft howver I am surprised that rates in Rps Savana is still at Rs 1600/- per sq ft. Nehar par Faridabad is perhaps the worst real estate investment to be made by any person. It is even worse than investing in Ranchi or Raipur which
Reply by Jeetender Gupta, Indiaspaces.com
Plots in the same neher area have seen 3-4 times appreciation, so dont put it on area. flats normally take longer to capitalise. They are dependent more on consumption cycle and prospects of a project. Possession and more so livability is an important issue. Take for an example bptp grandeura which was selling below purchase price, a loss of 5-6 lakhs, is now fetching premiums. Possession and living of few families and less dependency on external infra has created a difference of around 10 lacs. Flats have depencency on certain triggers which are missing in most projects presently.
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Tuesday, October 26, 2010
Wednesday, October 20, 2010
Greater Faridabad Neher Paar Possession Delays
Posted by Amandeep (India) on Indiaspaces.com 20 Oct 2010
I am not surprised if the BPTP Princess Park Faridabad possession gets delayed by another 3 months. Don't you think BPTP has become a joke in the market? It's just harrassing it's customers and nothing else.
Reply by Jeetender Gupta, Indiaspaces.com
Three leading developers prelaunched their projects more or less at the same time - Rps Savana, Omaxe Heights and Bptp princess park. All three had possession due also at the same time. They are all sailing in the same boat. And most others including smaller developers had possession due in 2010. Except grandeura not one has offered possession. Bptp still remains the only developer in neher par to have actually offered possession for some plots and flats. Coming back to project, as much as i hear, there were some issues with the contractors which seem to have resolved and work is back on track. I see no intentions of them not delivering or investment not safe. But all projects of most developers seem to be now heading for 2011 possession. And with the state of external infrastructure, i feel that people would be more restless post possession than they are now impatient for possession.
For more queries on BPTP Princess Park Faridabad check out
http://www.indiaspaces.com/blogquestion.aspx?qid=59&cmtid=23088
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I am not surprised if the BPTP Princess Park Faridabad possession gets delayed by another 3 months. Don't you think BPTP has become a joke in the market? It's just harrassing it's customers and nothing else.
Reply by Jeetender Gupta, Indiaspaces.com
Three leading developers prelaunched their projects more or less at the same time - Rps Savana, Omaxe Heights and Bptp princess park. All three had possession due also at the same time. They are all sailing in the same boat. And most others including smaller developers had possession due in 2010. Except grandeura not one has offered possession. Bptp still remains the only developer in neher par to have actually offered possession for some plots and flats. Coming back to project, as much as i hear, there were some issues with the contractors which seem to have resolved and work is back on track. I see no intentions of them not delivering or investment not safe. But all projects of most developers seem to be now heading for 2011 possession. And with the state of external infrastructure, i feel that people would be more restless post possession than they are now impatient for possession.
For more queries on BPTP Princess Park Faridabad check out
http://www.indiaspaces.com/blogquestion.aspx?qid=59&cmtid=23088
For new queries and other queries check out
www.indiaspaces.com/opinions.aspx
Tuesday, October 19, 2010
Omaxe Hills Faridabad Prospects Progress & Prices
Omaxe Hills Surajkund Faridabad
Posted by naveen arora (United Kingdom) on Indiaspaces.com 19 Oct 2010
Could you please update us on the construction status of Omaxe Hills. I have got a flat in Richmond Tower. Also an idea about the selling price will be much appreciated.
Reply by Jeetender Gupta, CEO, Indiaspaces.com
prices are all time high. 3500 psf would be realistic price. demands could be even more. would not have tower level status but otherwise progress at site looks satisfactory.
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Posted by naveen arora (United Kingdom) on Indiaspaces.com 19 Oct 2010
Could you please update us on the construction status of Omaxe Hills. I have got a flat in Richmond Tower. Also an idea about the selling price will be much appreciated.
Reply by Jeetender Gupta, CEO, Indiaspaces.com
prices are all time high. 3500 psf would be realistic price. demands could be even more. would not have tower level status but otherwise progress at site looks satisfactory.
For posting / reading more queries : www.indiaspaces.com/opinions.aspx
Monday, October 18, 2010
Greater Noida High Rise Prospects
Query by Ranjan Mohapatra (17 Oct 2010) on Indiaspaces.com
I have booked a flat in this project (OMAXE ORCHID AVENUE) in 930 sqft. ( 2bhk) ground floor. I have taken it purely for investment and hold it for max a year. Do you have any update ragarding the project and also do you think this project will give a good value appreciation? How are the projects in Sector MU or in nearby sectors priced? What is the prospect for resale in this area?
Reply by Jeetender Gupta, Indiaspaces.com
Prospects in any area are dependent on consumption pattern in the region. Greater Noida occupancy levels and consumption rate from enduser point of view are not too high presently. Else i see no reasons why developers had to reduce prices in this region while prices are improving in all other areas. It was over rated and now at reduced prices it still looks better. But you need good holding capacity for this belt. Not suited for short term speculators. People who invested in this region few years back including omaxe palm greens mu sector are still waiting for the day when they can see an at par liquidity, leave aside appreciation.
For more/new queries : http://www.indiaspaces.com/opinions.aspx
I have booked a flat in this project (OMAXE ORCHID AVENUE) in 930 sqft. ( 2bhk) ground floor. I have taken it purely for investment and hold it for max a year. Do you have any update ragarding the project and also do you think this project will give a good value appreciation? How are the projects in Sector MU or in nearby sectors priced? What is the prospect for resale in this area?
Reply by Jeetender Gupta, Indiaspaces.com
Prospects in any area are dependent on consumption pattern in the region. Greater Noida occupancy levels and consumption rate from enduser point of view are not too high presently. Else i see no reasons why developers had to reduce prices in this region while prices are improving in all other areas. It was over rated and now at reduced prices it still looks better. But you need good holding capacity for this belt. Not suited for short term speculators. People who invested in this region few years back including omaxe palm greens mu sector are still waiting for the day when they can see an at par liquidity, leave aside appreciation.
For more/new queries : http://www.indiaspaces.com/opinions.aspx
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