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.
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