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Pooja Verma
posted on 17 MayGhaziabad Prices: Still climbing after Prestige City update?
Anyone else watch that video about Prestige City Ghaziabad and the future of prices in Delhi-NCR? The video brought up a good point about whether real estate prices will keep increasing. They seemed to suggest things are still on an upward trend for projects like Prestige City. I'm wondering if that's really sustainable, especially with current interest rates. My budget is tight, so every percentage point matters. What are your thoughts on prices continuing to climb in Ghaziabad? Are we still seeing that kind of growth?
Comments
So, net-net, should we wait or buy now? Everyone has a different opinion! My agent is pushing me to book something before Diwali. Kya karein yaar?
It's a tough call, I'm in the same boat. If your budget is tight, waiting might mean even higher interest rates, but buying now could mean overpaying if prices stabilize. What I'm doing is keeping an eye on the actual sales velocity of projects like Prestige City. If they're selling out fast, it indicates strong demand. Otherwise, builders might offer discounts later.
Agent toh push karega hi, unka incentive hota hai. I'd say do your own research. Don't rush into it. The market isn't going anywhere in a hurry. Maybe look at secondary markets in Achchheja or Afzalpur for better deals if your budget is tight?
I actually visited the Prestige City site last month. The amenities look good, but the starting price of ₹45 L for a 1BHK (I assume) is still a lot for many first-timers. And 1.6 Cr for a bigger unit... that's a huge range. It feels like they're catering to different segments, but it also makes it hard to gauge the 'average' price trend for the project. For me, even ₹45 L is a stretch.
Honestly, I'm skeptical. Prestige Group is a big name, established since 1986, but even big builders face market realities. I saw the RERA number PR/200821/004260, and the possession date is December 2024. That's still a while away. Are we sure these projections aren't just marketing fluff to keep demand high? I'm worried about getting stuck with an overpriced asset if the market corrects. My friend got burned in Noida Extension a few years back.
Marketing toh sab karte hain, bhai. But Ghaziabad mein itni development ho rahi hai, prices toh badhenge hi. Metro connectivity ka bhi impact hai. I think it's more than just fluff, there's genuine growth potential.
Valid point. My cousin booked in a Prestige project in Bengaluru (their HQ city), and they did deliver on time, but the appreciation wasn't as crazy as promised. Ghaziabad might be different, but it's always good to be cautious about projections.
Totally agree with you! I'm also a first-time buyer and the thought of prices climbing even more is giving me sleepless nights. I heard Prestige City has 3000 units, that's a huge supply. Doesn't that usually stabilize prices? Plus, is anyone tracking prices specifically in areas like Ahinsa Khand I? Are they seeing the same upward trend or is it just hype?
Haan, supply bahut hai, but Prestige Group ka brand value bhi toh hai. Log uske liye extra pay karte hain. Demand bhi high hai for good projects, so prices don't just 'stabilize' like that.
Bhai, Ahinsa Khand I mein toh prices already high hain, the growth has slowed down a bit. Prestige City is in a different league with its amenities, but the general Ghaziabad market sentiment is mixed. Interest rates are definitely a dampener. I'm seeing some stagnation, not outright growth like before.
Yaar, that video on Prestige City was so confusing. On one hand, they're saying prices will keep going up, but with interest rates so high, how can that be true? My budget is already stretched thin. Ghaziabad mein kya scene hai actually?