S
Sheetal Mehta
posted on 28 AprMy first home in Noida: Infra impact on prices
Visited a few projects near the Under Construction corridor last weekend. Metro extension ke baad prices kaafi badh gaye hain kya wahan? My parents keep saying infrastructure ka bahut impact hota hai. Sector 143 ya 150 ke pockets mein zyada growth dikhi hai kya? Honestly, not sure if it's the right time to buy. Any advice?
#noida-real-estate#under-construction#infrastructure-impact#first-time-buyer#property-prices
Comments
Market data dekho toh Sector 150 ka average rate for new projects is hovering around 7800-8500/sqft. Resale mein thoda kam mil sakta hai. Sector 143 might be in the 7000-7500 range. Pre-metro rates were easily 15-20% lower. So yes, infra has definitely pushed prices up. Whether it's sustainable or not depends on future development and job market.
U17, those rates are for the 'good' projects, right? Like ATS, Godrej, Ace. Bahut saare other projects bhi hain wahan jo abhi bhi 6k-6.5k mein mil rahe hain because they lack good amenities or are too far inside. OP needs to be specific about the project.
It's a classic dilemma, OP. If it's your first home and for self-use, don't try to time the market. Buy what you can afford, in an area you like, from a reputable builder. Prices will always fluctuate. Focus on the long-term benefit of owning your own home. Sector 143/150 for sure have good potential, but due diligence is key.
True, U19. And OP, don't fall for the 'pre-launch discount' trap. Usually, those projects have no RERA, no approvals, and are just a way for builders to collect funds. Better to buy in projects where construction is already visible and RERA is in place. What did you finally decide after all this gyaan?
I bought a 3BHK in Sector 150, Ace Golfshire, two years back. Paid around 6800/sqft. Aaj ki date mein similar units are going for 8000-8500/sqft. So yes, there's been growth. But possession mein 6 mahine ki delay hai already. Builders promise the moon but delivery is usually late. Make sure you factor in RERA timelines and builder's past record.
U9, Ace Golfshire is a good project! But 6 months delay is common these days. What about amenities? Pool, gym, clubhouse complete ho gaye kya? Often builders delay these even after giving possession.
OP, which projects did you visit? Naam batao thoda. It's important to check the builder's reputation and RERA registration number for *that specific project*. Kuch builders ke paas ek project ka achha track record hota hai, aur doosre ka kharab. Don't just go by brand name.
U11, absolutely! RERA website pe jaake check karo ki completion date kya thi aur abhi status kya hai. Many projects near the 'under construction corridor' are already past their original RERA deadlines. Builder sales team will never tell you that.
Aur hidden charges ka kya? Builder 'all-inclusive' bolte hain, but registry charges, maintenance advance, utility connection fees, IFMS, club membership, parking charges... ye sab add karte karte ek accha khaasa amount ban jaata hai. Initial budget se 10-15% extra pakad ke chalo. Is that still the case in Noida?
Totally, U13! Builder 'luxury living' bolke bechte hain aur phir har chhoti cheez ka charge karte hain. Gym use karna hai toh annual fees, visitor parking ka bhi charge. It's like a subscription model for your own home. Bahut irritating hai yaar.
U13, yes, 100%! Mera toh 12% extra laga tha total cost pe. Builder ne bola tha 50k for parking, but registry ke time it was 1 lakh. Always ask for a detailed breakup of *all* charges in writing before booking. Aur ek baar agreement of sale padh lena lawyer se, usme sab chupa hota hai.
U13, maintenance ka bhi scene hai. My society in Sector 78 charges 4.5rs/sqft. Ek 1200 sqft flat ke liye almost 5.5k monthly maintenance. Plus electricity, water. Ye bhi EMI ke saath bahut heavy padta hai, especially for first-time buyers. OP, factor this into your monthly expenses.
Bhai, you're absolutely right! Metro extension ka bahut impact hua hai. Especially around Sector 143 and 144, jo projects pehle isolated lagte the, ab unki connectivity badhiya ho gayi hai. Prices toh definitely upar gaye hain, I'd say 15-20% minimum in the last 1.5-2 years. My brother bought in Sector 143 before the metro was fully operational, and uska property value almost double ho gaya hai ab.
U1, double toh thoda exaggeration ho gaya! But haan, growth toh achhi dikhi hai. Par ye sirf metro ki wajah se nahi hai. Noida-Greater Noida Expressway aur FNG corridor ka bhi impact hai. What kind of projects are you looking at, OP? High-rise ya villas?
Totally agree with your parents! Infrastructure is the backbone. I was eyeing a property in Sector 150 back in 2019, it was around 5000-5500/sqft. Thought I'd wait for a dip. Ab wahi project 7500-8000/sqft chal raha hai. Metro ke saath sports city aur proposed commercial hubs ka bhi buzz hai wahan. So yes, infrastructure plays a HUGE role.
Honestly, I think ye sab hype hai. Builders use 'infra development' as an excuse to jack up prices. Noida mein kitne projects hain jo 'upcoming metro' bolke bech diye, aur metro aate aate project khud hi latak gaya. Sector 150 mein abhi bhi bohot kam log rehte hain. Just because metro line ban gayi, doesn't mean it's the right time to buy at inflated prices.
U4, I respectfully disagree. While builders do overcharge, infrastructure is fundamental. Metro connectivity reduces commute time drastically, making an area more desirable for families working in Delhi/Gurgaon. Look at Dwarka Expressway – it's a mess right now, but once it's fully operational, prices will surely jump. It's not just hype, it's convenience and future growth potential.
Exactly U4! Builders ka toh yeh standard tactic hai. My project in Sector 137 was supposed to have a direct road to the expressway by now. 5 saal ho gaye, abhi bhi 'under construction' hai. Metro toh aa gayi, but last mile connectivity ka kya? They just show fancy brochures.
U4, U5, both points are valid. Infra definitely boosts prices, but builders do add a premium. The key is to see *which* infra is complete or nearing completion. Just a metro line isn't enough; roads, electricity, water, schools and hospitals nearby also matter. Sector 150 has good potential because of the Sports City concept and green spaces, not just metro.
Meri personal experience hai U4, infra ka impact hota hai. I bought a commercial unit near the Aqua Line extension in Sector 101. Jab metro start hui, 30% jump aaya mere rentals mein. Footfall badhta hai, businesses flourish karte hain. Residential mein bhi same logic apply hota hai, but maybe not 2x overnight.