M
Mitali Bose
posted on 12 MayNoida Extension prices feel super high already — not much upside left?
Noida Extension's prices feel super high already, honestly not sure if there's much upside left for new buyers. I'm looking at a 2BHK, around ₹75-85L, maybe in Sector 150. My parents keep saying 'buy now or miss out', but I'm worried about getting in at the peak. With Jewar Airport and FNG Expressway, are those benefits already priced in? Or will we still see good appreciation in the next 5-7 years? What do you guys think? Is it still a solid investment for a first-timer?
#first-time-buyer#sector-150#appreciation#jewar-airport#noida-extension
Comments
Given all this, maybe we should look at slightly further out areas? Kya Ajayabpur ya Alistonia Estate mein abhi bhi potential hai for decent returns
Builder ne phir se date extend kar diya lol. My friend is still waiting for his flat in Sector 143. Noida Extension mein toh yeh common hai. Sector 143/144 mein kisi ko possession mila kya? Ya sab papers mein hi dikh raha hai?
Haan, 143/144 mein kaafi projects delayed hain. My brother-in-law got possession in one of the larger societies in 143 last month, but it was almost 1.5 years late. Facilities are still not fully operational. So, technically 'possession' mil gaya, but living there is another story. Always check the ground reality, not just the RERA date. Builders often get extensions approved.
The macro picture is also important. Interest rates have gone up, and home loan EMIs are much higher than they were a year or two ago. This definitely impacts affordability and, consequently, demand. Builders might be holding prices high, but how long can they sustain that with reduced buying power? Is it really the right time to lock in a home loan at these rates?
That's a valid point about interest rates. However, property prices generally don't drop significantly in established micro-markets like Noida Extension, even with higher rates. They might stagnate for a bit, but rarely crash. RERA has also brought some transparency, so builders are under pressure to deliver. I recently checked the average price per sqft in Sector 150, it's hovering around ₹6500-₹7500 for good projects. This has been relatively stable for the last 6 months. So, while loans are expensive, the underlying asset seems to be holding its value.
I get the skepticism, but Noida Extension has a lot going for it beyond just Jewar and FNG. The connectivity to Delhi via Kalindi Kunj, the upcoming metro extensions, and the sheer number of commercial hubs coming up. These are long-term growth drivers. Plus, the government's push for infrastructure is relentless. I think for a 5-7 year horizon, you'll still see decent appreciation, maybe not 2x, but definitely healthy. Just need to pick the right project and builder. Any idea if Phase 2 of that project near the expressway is still on track?
Honestly, the 'right project' part is the biggest gamble. My cousin booked in a reputed builder's project in Sector 16B, Noida Extension, 3 years ago. They promised possession in 2 years. Abhi tak interior work bhi poora nahi hua hai! The EMIs are draining him, and he's still paying rent. So, yes, while the area might have potential, the execution by builders is a huge problem. I'd say, only go for projects that are almost ready-to-move or have a very clear track record. Else, you'll just be paying for 'potential' which might never materialize on time.
Yaar, I totally feel you on this! My budget is also around the same for a 2BHK in Noida Extension, and every time I see the prices, I get cold feet. My dad also keeps pushing, saying 'yeh mauka phir nahi milega', but my gut says something else. Sector 150 sounds good on paper, but after seeing a few properties, I'm just not convinced the appreciation is going to be as stellar as they claim. Seems like a lot of the future potential is already baked into the current rates. It's a huge decision for first-timers like us, right?
Exactly! I mean, Jewar airport ka buzz toh 5 saal se hai, FNG bhi ban hi raha hai. Builders ne toh pehle hi double kar diye prices in the name of future development. Ab kya bachega? I was looking at some plots in Alpha I Greater Noida a few years back, they were so affordable. Now, even a small 2BHK there is touching 90L. Lagta hai hum late ho gaye. Plus, the quality of construction for some projects is just... not worth it at these prices. We need to be super careful not to get stuck with an overvalued asset.