V
Vijay Chauhan
posted on 24 AprFed up of renting, Noida buying plan
Fed up of renting, my landlord just hiked rent again. I'm finally taking the plunge and looking at buying in Noida. Siddhartha Vihar kaafi discuss ho raha hai, but I'm worried about current pricing. Pichhle 1-2 saal mein wahan rates kaise move hue hain, especially for 2/3 BHK? Lag raha hai kaafi expensive ho gaya hai. Should I wait for a correction or is this the new normal? EMI vs rent ka math samajh nahi aa raha. Any recent buyers in Siddhartha Vihar, please share your experience. Kya abhi lena sahi hai?
#noida-real-estate#siddhartha-vihar#price-trend#first-time-buyer#emi-vs-rent
Comments
As an NRI who invested in Noida, I can tell you that the market is mature now. While Siddhartha Vihar is excellent for self-use due to its established social infra, for pure investment, I'd look at areas with more growth potential like Noida Extension or parts of Greater Noida West. Rental yields in SV are decent, but capital appreciation might be slower compared to emerging areas. But for living, SV wins hands down.
Look, U1, it boils down to your personal situation. If you have stable income and can afford the EMI comfortably (ideally not more than 35-40% of your take-home pay), then buying is almost always better long term. Property rates might not correct significantly in prime Noida. The 'new normal' is higher prices due to inflation, demand, and infra. Don't overthink the 'wait for correction' part too much, you might miss out. Just make sure your builder is reputable and project is RERA registered.
This whole thread is so relatable! U1, what are you leaning towards now? Any specific projects you've shortlisted after all this discussion? Keep us updated!
EMI vs Rent debate is never ending. But for me, the mental peace of owning your home is priceless. No more landlord tantrums, no more rent hikes. Just make sure you pick a good builder. Noida mein bahut builders ne rulaya hai logon ko. Mera khud ka flat 3 saal delay hua tha, RERA mein complaint karke kuch paise mile, but mental stress bahut hua.
U12, same pinch! Mera bhi ek project 2.5 saal delay hua. RERA mein complain kiya toh builder ne settlement offer kiya, slightly lower than what I was due, but I took it just to end the agony. RERA helps, but it's a long process.
U13, any tips for RERA complaint filing? What documents are crucial? I'm facing similar issues with a project in Sector 137.
Original poster, one crucial thing: don't just look at the base price. Factor in all costs – registry, stamp duty, interior work, parking, club membership, IFMS, and the biggest one – society maintenance. These hidden costs can easily add 10-15% to your total outlay. Also, check the quality of amenities. Swimming pool hai but pani nahi, gym hai but equipment kharab. Happens a lot.
U15, so true! My friend bought in Sector 121, builder quoted 'all inclusive' and then charged for literally everything after booking. Parking charges, power backup charges, even fire safety charges separately! It was a nightmare.
U16, that's why get everything in writing, down to the last rupee. Make sure the 'all-inclusive' really means ALL. And check the RERA project details thoroughly for what's included in the base price.
I bought a 3BHK in a society in Siddhartha Vihar about 2 years ago for 85L. Us time bhi log bol rahe the expensive hai. Aaj uski value 1.1 Cr+ hai. So, 'correction' is a myth in prime Noida locations like SV. EMI mera 60k aata hai, jabki similar apartment ka rent 30-35k hai. Initially, rent seems cheaper, but 5-7 saal mein property value appreciation aur principal repayment dekho. It's an asset, not just an expense.
U4 is right. Siddhartha Vihar has limited supply and high demand due to its proximity to Delhi and good connectivity. Check out Gaurs Siddhartham or Prateek Grand City if you're looking at societies. Gaurs ka construction quality kaafi decent hai aur amenities bhi achhi hain. Prateek bhi theek hai but thoda outskirts pe ho jata hai.
Gaurs Siddhartham ka possession ka kya scene hai? Maine suna hai ki wahan kuch projects mein delays hue the. RERA compliant hai kya sab?
U6, Gaurs Siddhartham ka Phase 1 already delivered hai. Phase 2 mein kuch units are still under construction, but it's RERA registered and they are generally good with timelines. Prateek Grand City kaafi bada project hai, so phases mein delivery hoti hai. Always check individual tower's RERA status and completion date.
U7, RERA registration is one thing, actual delivery is another. Mera ek dost Prateek ka buyer hai, 2 saal late ho gaya hai uska flat. Builder ne bas excuses diye hain. So, physical site visit aur current residents se baat karna bahut important hai.
Siddhartha Vihar is definitely premium now. Agar budget stretch ho raha hai, toh consider Sector 7x (like 74, 75, 76) or even Sector 150. Sector 150 has a lot of new inventory, bigger projects, and is touted as a 'sports city'. Avg rates wahan 6.5k-7.5k/sqft chal rahe hain, which is significantly lower than SV. Plus, future appreciation potential bhi high hai with the upcoming FNG expressway and metro extension.
U9, Sector 150 is good for future, but connectivity to Delhi is still a pain. Siddhartha Vihar is literally next to Ghaziabad and Delhi, that's its biggest USP. For someone working in Delhi, the commute from 150 can be brutal.
U10, agreed on connectivity for now, but FNG is coming and that will change everything for Sector 150. Plus, the quality of construction and amenities in new projects in 150 is often better than older ones in SV. It's a trade-off: established vs. future potential.
Fed up of renting, my landlord just hiked rent again. I'm finally taking the plunge and looking at buying in Noida. Siddhartha Vihar kaafi discuss ho raha hai, but I'm worried about current pricing. Pichhle 1-2 saal mein wahan rates kaise move hue hain, especially for 2/3 BHK? Lag raha hai kaafi expensive ho gaya hai. Should I wait for a correction or is this the new normal? EMI vs rent ka math samajh nahi aa raha. Any recent buyers in Siddhartha Vihar, please share your experience. Kya abhi lena sahi hai?
Bhai, totally relate! Ye landlord log bas mauka dhoondhte hain rent badhane ka. Siddhartha Vihar is good, no doubt, but yes, rates have shot up. Pichhle 1.5 saal mein at least 15-20% jump aaya hai for ready-to-move-in. 2BHK jo pehle 60-65L mein milta tha, ab 75L+ hai. 3BHK toh 90L+ chala gaya hai. Correction ka wait karna risky hai, market sentiment strong hai abhi. But haan, EMI vs rent ka math sach mein complicated hai.
Wait for correction? Bhai, this is the new normal. Noida mein infrastructure development aur connectivity itni tez hai ki rates niche aana mushkil hai. Interest rates bhi abhi theek hain, kal ko aur badh gaye toh EMI aur badh jayegi. Agar budget fit ho raha hai toh le lo. Siddhartha Vihar mein aapka exact budget aur requirement kya hai? Builder floor ya society flat?