G
Gopal Singh
posted on 9 MayNoida Extension negotiation is a myth for new buyers
Been looking for 8 months now, and it's exhausting. Targeting a 2BHK or 3BHK in Noida Extension, specifically around Sigma III, with a budget of ₹80L-₹1.2Cr. I've checked projects, even NBCC Aspire, but negotiation feels impossible. Builders quote fixed rates; finding underpriced assets seems tough. Is direct negotiation with builders a waste of time in Noida Extension? How much can you realistically knock off? I'm wondering if the secondary market offers better opportunities. Can you get a substantial discount on resale flats compared to new launches? For an investor, which route yields a better deal?
#noida-extension#negotiation#secondary-market#investor#first-time-buyer
Comments
Secondary market ka kya scene hai phir? Usme kitna discount mil sakta hai on average? Koi data hai?
But resale mein loan approval ka kya scene hota hai? Is it tougher?
Data toh specific nahi milega, but personal experience se bata raha hu, 5% is a good target if you negotiate hard. More if the property has some issues or the seller is desperate. Just be aware of the current market conditions; prices are still holding strong in good societies, so don't expect miracles.
Regarding secondary market, I've seen 5-10% discount from the quoted price is possible, especially if the seller needs to offload quickly or it's an older property. But you have to factor in brokerage, transfer charges, and any pending society maintenance. A friend recently bought a 2BHK near Alpha I Greater Noida for about 95L, but the seller's initial quote was 1.05Cr. So, 10L ka negotiation hua, but then he spent another 3-4L on registration and interiors. So effectively, it wasn't a huge saving compared to new launches if you factor in everything.
See, negotiation is definitely tough with new projects, especially the popular ones. But I think it depends on the builder and the project's inventory status. Sometimes, if they have a few unsold units left towards the end of a phase, they might be more flexible. My friend managed to get a small discount on a ready-to-move 3BHK in Alpha II, but it was more about the payment plan flexibility than a direct price cut. Don't give up completely, but manage your expectations. Secondary market *might* be better for negotiation, but then you have transfer charges and other hidden costs to consider.
Bhai, you're not alone! I've been facing the exact same issue in Noida Extension. Builders act like they're doing us a favour just showing us the property. Tried negotiating for a 2BHK in a project near Alistonia Estate, and they didn't budge even by a single lakh. It's so frustrating for first-time buyers like us.
Maybe try smaller, less known builders? Sometimes they are more flexible to close deals. Or look for projects that are nearing possession, builders might want to clear inventory then. But yes, top tier mein toh mushkil hai.
Haan bhai, same experience! They just don't care.