N
Nasir Khan
posted on 23 AprNoida ka resale market bilkul dead lag raha hai.
Last month hi Sector 137 mein move kiya hai, aur apna purana 2BHK bechna mushkil ho raha hai. Jo price quotes mil rahe, woh toh investment value se bhi kam. Matlab, 80L ka flat, koi 65L bhi dene ko ready nahi. Builder ka track record, ya high maintenance charges, ya construction quality issues — pata nahi kya problem hai. Is the market this bad for everyone, ya only my area? Kya karein ab?
#resale-market#sector-137#property-value#noida-real-estate#2bhk
Comments
The market is picking up in some parts of Noida, especially with the upcoming infrastructure. But Sector 137, with its historical builder issues, might take longer. Maybe get a professional valuation done to understand the fair price range, not just broker quotes.
U1, don't forget the hidden costs in resale. Transfer charges, registry, broker commission. Yeh sab bhi add karke dekho. Sometimes, the 'loss' seems bigger than it actually is when you factor in everything. It's a tough situation, but not hopeless.
Final advice: if you absolutely need to sell, present your flat beautifully. Get it professionally cleaned, maybe some minor repairs. A well-maintained flat, even from a 'not-so-great' builder, can fetch a slightly better price than a run-down one. First impressions matter a lot.
This whole discussion just highlights how crucial due diligence is before buying. Builders ka track record, RERA status, society amenities, and future development plans – sab research karna chahiye. U1, hope you find a good buyer soon, it's a tough spot to be in.
Wow, thanks everyone for the insights! It's a Jaypee project, and yes, possession was delayed, but we got it in 2018. It's a mid-floor, park-facing unit. Maintenance is indeed high. RERA check karna padega. Renting out is an option, but I need the capital for my new place. Lagta hai, abhi wait karna padega ya fir kuch aur creative tareeka nikalna padega.
Jaypee... that explains a lot. Unke projects mein toh sabko pata hai kya haal hai. Legal battles, delays, quality issues. It's not just your flat, it's the builder's legacy. Hold on if you can, the market might absorb some of this over time, but expect a longer wait.
Jaypee! Ugh. I'd say that 65L offer is actually not too bad given the builder and the current market. You might have to make peace with a loss if you need to sell quickly. Otherwise, rent it out and wait for a few years.
U1, have you tried listing it on NRI-specific property groups? Sometimes NRIs are looking for ready-to-move-in flats for their parents or future returns, and might overlook the builder's past issues if the price is right and the flat is well-maintained. Just a thought.
U1, check if your society has a strong RWA (Resident Welfare Association). A proactive RWA can sometimes push for better maintenance or even take up legal battles if needed, which can subtly improve the society's perception and thus resale value. Good luck!
U1, have you considered renting it out for a year or two? Sometimes, renting out helps cover EMIs, and you can wait for the market to improve. The rental yield in 137 isn't great, but it's better than distress selling.
This is a common issue with projects that were launched during the 2010-2014 boom. Builders over-promised, under-delivered. RERA came too late for many of these projects. My advice: check your RERA agreement, see if there are any clauses you can leverage. Also, try to find direct buyers through word of mouth, brokers sometimes create artificial lows.
Totally agree with U19. RERA has helped to some extent but for older projects, the damage is done. U1, maybe try to highlight the positives of your specific unit (e.g., specific view, good sunlight, nearest to elevator) rather than just the project's overall reputation. Good luck!
I bought in Sector 78 3 years ago, a 3BHK for 95L. Abhi uski value 1.2 Cr+ hai. But my friend in Sector 137, his flat's value is stagnant since 2018. It's not just Noida, it's very specific to the builder and the micro-market within Noida. Your area has seen a lot of distress sales from investors who bought early and now want to exit.
U1, have you checked the current property rates on platforms like 99acres or MagicBricks for similar configurations in your society? Sometimes brokers lowball you. Also, what about the amenities? Is the clubhouse functional? Swimming pool? Yeh sab matters for a family buyer.
U10 is right. Builders promise a lot but deliver little. Meri society mein gym equipment 2 saal tak nahi aaye the. Buyers see that and get turned off. Especially when they are paying premium maintenance.
Aur bhai, possession mila kya? If it's a resale and possession is already with you, that's a plus. If you're selling a flat that's still under construction/delayed possession, then that 65L quote might even be generous. Buyers don't want the headache anymore.
As an investor, I've seen this pattern. Noida's resale market is very segmented. High-end projects in sectors like 150 or established sectors like 39/44 hold value better. But budget segments, especially with quality issues, face pressure. Don't panic sell, if you can hold, do so. The new metro line expansion and Jewar airport might give some boost in 2-3 years.
U1, can you share the floor and whether it's a corner unit or not? Also, is it a park-facing or road-facing unit? These details significantly impact the resale value. Sometimes a good interior can also fetch a better price.
U1, and importantly, what is the 'actual' area? Super built-up? Carpet area? Many builders used to inflate super built-up to show lower per sqft rates. Buyers are smart now, they check carpet area.
Absolutely! My flat in Sector 76, same builder, same configuration. Road facing units have lower demand due to noise. Park facing units get a 5-10% premium easily. Don't underestimate these factors.
U14, also check for Vastu compliance if possible. Many Indian buyers consider it important. Small things can make a big difference in a slow market.
Sector 137 mein problem sirf builder ki nahi hai, it's also about inventory. Jab ek hi sector mein itne saare flats ek saath ready huye hain, aur new projects bhi aa rahe hain nearby, toh demand-supply mismatch ho jaata hai. Buyers ke paas options bahut hain, so they bargain hard. Plus, the connectivity for 137 is good, but social infrastructure (schools, hospitals) is still catching up compared to sectors closer to Delhi.
U1, which builder is it? Naam batao toh we can give more specific advice. Some builders are notorious for not giving possession on time, which affects resale value big time. Or maybe the society has some legal issues? Check online forums for your society.
Haan, builder ka naam is important. If it's one of those who delivered late and then had RERA issues, then it's a known problem. Buyers are very cautious now.
U6, you're right. Mera ek friend ka flat hai Amrapali Sapphire mein, same story. Builder ne fraud kiya, ab market mein value nahi mil rahi. Always check builder's past projects and RERA track record before buying, guys!
Last month hi Sector 137 mein move kiya hai, aur apna purana 2BHK bechna mushkil ho raha hai. Jo price quotes mil rahe, woh toh investment value se bhi kam. Matlab, 80L ka flat, koi 65L bhi dene ko ready nahi. Builder ka track record, ya high maintenance charges, ya construction quality issues — pata nahi kya problem hai. Is the market this bad for everyone, ya only my area? Kya karein ab?
Bhai, you're not alone. Sector 137 mein bahut builders ka track record waisa hi hai, especially jo early 2010s mein aaye the. Many projects wahaan delayed hain ya amenities adhoori hain. Humne bhi apna 3BHK wahaan se almost 2 saal pehle becha, took us 8 months aur 10% below market value mila. Is it a specific builder you're talking about?
U2, 8 months is a long time! Kya aapne koi specific broker use kiya tha ya online portals pe list kiya? I'm an NRI looking to sell my investment flat in Sec 150, wondering if I'll face similar challenges. 137 sounds like a tough spot.
Exactly! Mere friend ka bhi same issue hai wahaan. He's with ABC builder, aur construction quality is a nightmare. Plus, the society is half-empty, so maintenance charges are divided among fewer people, making them super high. Maybe that's the issue for OP too?