S
Shweta Deshmukh
posted on 17 MayNoida Extension property is overvalued for first-time buyers.
Been renting for almost 10 years now and I'm seriously fed up. Landlord ne phir rent badha diya, socha ab bas. Finally taking the plunge, looking to buy in Noida Extension. My budget is around ₹80L for a 2BHK. I've been checking out projects by Godrej Properties and Gaursons in Sectors like 137 and 78. But the big question is, does the EMI vs rent math actually make sense here? I feel like prices have gone up quite a bit already, especially with the Jewar Airport buzz. Matlab, is Noida Extension still a good investment or has it peaked? Should I wait for some correction or will prices just keep climbing? Confused, yaar. Any advice on current market sentiment ya if I'm jumping in too late?
#rent-vs-buy#noida-extension#first-time-buyer#market-timing
Comments
The current market sentiment in Noida is definitely bullish, but for first-time buyers, it's tricky. Average price per sqft in Noida Extension is around ₹4500-₹5500 for decent projects. Godrej and Gaursons are often on the higher end of that spectrum. The real question is, can the current demand sustain these prices without actual end-user population growth? Rental yields are still low, which hints at investor-driven market more than end-user driven. What's your take on the rental yield vs. EMI calculation?
True, rental yields are depressing. Most new projects near Alpha I Greater Noida are still struggling with occupancy.
U7, that's exactly my dilemma! My EMI would be almost double my current rent. What if it corrects?
I booked a 2BHK in Gaursons SmartHomes, Sector 4, three years ago for ₹55L. Now it's quoting ₹75L-₹80L. The appreciation is real, but the construction quality has been a concern for some. Possession date bhi do baar extend ho chuki hai. Have you checked their RERA status or possession timelines for the specific projects you're looking at?
Haan, RERA status toh must hai. My friend booked in a project near Ajayabpur station and it's been stuck for ages. Builder ne bas paperwork mein uljhaya hua hai. As for infra near Alpha II, it's still developing; connectivity is there but amenities are catching up slowly. Don't just go by glossy brochures. Visit the site, talk to existing residents if possible. Aur bhai, Jewar ka impact toh 5-7 saal mein dikhega properly, abhi toh sab speculation hai.
You're right about the extensions. For Godrej, I checked Sector 150 projects, they seem better on timelines, but are pricier. What about the actual livability? Is the infrastructure (roads, shops, schools) keeping up with the new projects, especially near Alpha II?
Totally feel you, yaar! Renting is a black hole. Noida Extension has potential, especially with the connectivity improving. I heard prices are still comparatively lower than, say, Ghaziabad or even parts of Delhi for similar amenities. Maybe you're not too late, just need to scout well.
Bhai, 80L for a 2BHK in Noida Ext. is really pushing it, especially for Godrej/Gaursons. Unke rates toh premium ho gaye hain. Jewar ka hype sabko pata hai, but ground reality thodi alag hai. Maintenance bhi add karo, it's not just EMI.
Been renting for almost 10 years now and I'm seriously fed up. Landlord ne phir rent badha diya, socha ab bas. Finally taking the plunge, looking to buy in Noida Extension. My budget is around ₹80L for a 2BHK. I've been checking out projects by Godrej Properties and Gaursons in Sectors like 137 and 78. But the big question is, does the EMI vs rent math actually make sense here? I feel like prices have gone up quite a bit already, especially with the Jewar Airport buzz. Matlab, is Noida Extension still a good investment or has it peaked? Should I wait for some correction or will prices just keep climbing? Confused, yaar. Any advice on current market sentiment ya if I'm jumping in too late?