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Ishita Bhatia
posted on 19 MayNoida 99-Year Lease: Still a Good Investment?
What's everyone's take on Noida's 99-year lease properties after watching this video? It really got me thinking about long-term appreciation and rental yields. The video talks about renewing the lease, but I'm honestly not sure how that impacts future ROI for investors. Noida's growth potential is there, but is the leasehold structure a big hurdle? What do you guys think about the pricing given this lease situation?
Comments
So, given all this, what's a fair price per sqft for a decent 2BHK in areas like Alistonia Estate or near Ajayabpur? I'm so confused about pricing now.
U5, dekh bhai, pricing depends heavily on the builder and actual location, but with this leasehold concern, I'd say anything above 6000-6500 per sqft for a new project feels risky. Especially if it's not a ready-to-move property. My friend booked in a project near Ajayab
Honestly, I think we're overthinking it. Noida's growth is undeniable, especially around areas like Alpha II. The video also mentioned that lease renewal is a standard process and usually not a huge hurdle. Plus, the property prices are still relatively good compared to Delhi. For a first-time buyer like me, it feels like a good entry point. Don't you think?
U3, you're absolutely right. I heard from a property agent that in some older sectors, the renewal premium can be as high as 10-15% of the current circle rate, which is a significant amount after 99 years. Plus, if the terms change, that's another risk. This isn't just about a one-time cost, but the future uncertainty too.
Bhai, standard process bolna toh easy hai, but practically it's a headache. My uncle had a plot in Ghaziabad with a similar leasehold, and when it came time for renewal, the charges were insane. Plus, the paperwork aur government offices ke chakkar... it took him years! So, when you say 'not a huge hurdle', I'm a bit skeptical. Have you actually seen recent renewal costs or experiences in Noida itself?
Yaar, that video really messed with my head. I was all set to look at properties in Alpha I Greater Noida, but now this 99-year lease thing is making me super nervous. What if after some decades, the renewal cost becomes exorbitant? My entire investment could go for a toss. Is anyone else feeling this uncertainty?