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Aarav Singh
posted on 18 MayMy Sector 151 3BHK possession experience — was floor-rise worth it?
Is floor-rise premium really justified, especially in Sector 151 projects? Just got possession of my 3BHK from Aask For Realty in April, and the PLC for a higher floor felt steep. I paid around 95L for a 3BHK, but that floor-rise added a good chunk. Honestly, not sure if that extra 3-4% was worth it for just the view. Thinking about potential ROI, does anyone actually see better appreciation for higher floors, or is it mostly hype? What about secondary market deals? My friend picked up a resale flat nearby for almost 10% less than new launch prices, even after stamp duty. Should I have looked harder at resale? Any thoughts on where to find genuinely underpriced assets now, maybe closer to Jewar?
#noida-real-estate#sector-151#floor-rise-premium#secondary-market#investment-advice
Comments
For Jewar, it's a long-term play. Prices there are still speculative, driven by airport hype. If you're looking for genuinely underpriced assets, you might find some plots or smaller flats in older sectors of Greater Noida or even towards Ajayabpur, but connectivity is an issue there. For immediate ROI or rental yield, Noida Expressway properties are better, but you need to bargain hard on resale. Floor-rise premium rarely translates to actual appreciation in the secondary market unless it's a super luxury project with unparalleled views.
Resale is the way to go, bhai. Friend's deal sounds like a steal. New launches are just too inflated.
95L for a 3BHK in Sector 151? Which floor did you get? I thought prices were a bit lower there. I'm seeing properties in nearby areas like Alpha II for less, even for new launches. The floor-rise premium is definitely a scam if it doesn't add value later.
It's not just floor-rise, but also 'facing premium' and 'corner unit premium'. These add up so fast! The current market in Noida, especially around Expressway, is a bit soft for ready-to-move. Buyers are very price-sensitive. Someone I know got a great deal in a project near Alistonia Estate for almost 15% below the builder's last quoted price because they wanted to offload quickly.
Totally agree, U6. Builders always have a pitch for everything extra they charge!
I got a 15th floor unit, U5. The builder was pushing it hard saying 'better views, no dust, more light'. But now I'm thinking, did I just pay for their marketing pitch? The resale angle is making me rethink everything.
Yaar, you hit the nail on the head. My brother bought in Alpha I Greater Noida about 3 years back, and he deliberately chose a lower floor. When he resold last year, the buyer didn't even care about the floor, just the layout and society amenities. He got a decent appreciation, but nothing extra for 'floor-rise'. Resale market is definitely where the real deals are, especially if you're not fixated on brand new.
U3, I think he sold it for around 6500/sqft then. It was a 2BHK. The initial builder price was around 5800/sqft, so a good jump. But again, no floor premium was factored in by the buyer.
Sahi baat hai! Uska resale price kya tha approx per sqft agar yaad ho toh?
Bhai, totally relate! Floor-rise premium toh bas marketing gimmick lagta hai. 95L for a 3BHK in Sec 151 is already on the higher side. We are also looking in that area but our budget is tight, so every extra lakh pinches.