YA­MUNA EX­PRESS­WAY VER­SUS NOIDA EX­TEN­SION

Look­ing for a few short-term in­vest­ment tips? Check out Noida Ex­ten­sion. The Ya­muna Ex­press­way is a rel­a­tively longterm op­tion for those will­ing to wait for at least five to seven years

HT Estates - - HTESTATES -

may be higher in the next 36 months than ap­pre­ci­a­tion in plots along the Ya­muna Ex­press­way but if the in­vest­ment hori­zon is longer, say be­tween 5-7 years, the price in­crease in plots will be sig­nif­i­cantly more than ap­pre­ci­a­tion in apart­ments in Noida as prices of plots in­crease as more people set­tle in the area.

Ac­cord­ing to Jain, even though first-time home­buy­ers may not want to live in an area that is de­vel­op­ing, the fact that the units are avail­able in an af­ford­able range may push them to pur­chase apart­ments in Ya­muna Ex­press­way. The same people may want to ex­er­cise their rental op­tions in a place like Noida.

As far as the Greater Noida mar­ket is con­cerned, huge sup­ply came up in the area be­tween 2004 to 2008, but de­vel­op­ers there made the mis­take of launch­ing large-sized projects. Readyto-move-in units are still avail­able in Greater Noida be­tween 2800 per sq ft to 3500 per sq ft but the sizes are big. That makes the area slightly ex­pen­sive. An apart­ment there can cost any­thing in the range of 50 lakh to 75 lakh.

In Noida Ex­press­way, the ready in­ven­tory is in the range of ` 5,000 per sq ft to 8,000 per sq ft. For any­body want­ing to in­vest in this area, the budget should be above 80 lakh. With huge sup­ply com­ing up in the area, how­ever, prices will sta­bilise.

BURHAAN KINU

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.