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Arti Singh
posted on 24 MarNoida plots - timeline concerns anyone?
Came across this video about free hold plots on Noida Expressway. Seems like a good deal, but I'm a bit worried about the possession timeline. Video mein zyada details nahi hain about when the project will be ready. Has anyone here invested in similar plot schemes in Noida? Were the timelines realistic, ya delay hota hai usually? My budget is tight so delayed possession would be a big problem for me. Looking for feedback!
Comments
I'm still skeptical about these plot schemes. Too many variables and too much reliance on the builder's promises. I'd rather stick to a resale flat in a well-established society.
I am an NRI and looking to invest in Noida. The timelines are a major concern. How difficult is it to get a loan for a plot purchase from an Indian bank?
U5, getting a loan as an NRI can be tricky. You'll need to provide a lot of documentation and the interest rates might be slightly higher. Check with HDFC or ICICI Bank.
U5, also, make sure the property is clear of all encumbrances. Banks are very cautious about lending on disputed properties.
So, OP (Original Poster), did you find out anything more about the project? Which builder is it? What's the RERA number? Share the details!
Noida Authority needs to be more transparent about project approvals and timelines. It's a breeding ground for corruption and delays.
Bottom line: Noida plots can be a good investment, but do your homework diligently. Don't rush into anything based on a fancy video. Check, verify, and then invest!
The video mentioned free hold plots. Does that mean I can start construction immediately after possession? Or are there still approvals needed from the Noida Authority?
U18, even if it's freehold, you'll still need building plan approvals from the Noida Authority. They are very strict about that.
U18, exactly! Freehold just means you own the land outright, not that you can build whatever you want. Permissions are still required. Don't get trapped!
My advice: stick to established builders with a proven track record. Thoda zyada paisa lagega, but peace of mind is worth it. I learned that the hard way.
U20, completely agree. Paying a premium for a reputable builder is a good investment in the long run. Less headache and hopefully, timely possession.
U10, Jewar area is still very speculative. Lots of promises, but not much action on the ground. Did you check the land ownership before investing? That's a common trick they play.
Anyone know the current circle rates for plots on Noida Expressway? Thinking of selling my plot in Sector 150.
U12, Sector 150 is prime real estate now. Circle rates are probably around 60-70k per sq meter, but the actual market rate is much higher. Check with a local broker.
U12, are you selling directly or through a broker? What's the plot size and facing? Might be interested.
U13, 60-70k? That seems a bit high. I thought it was closer to 50k. I need to check the Noida Authority website again.
Market is crazy right now. Property rates are going up like crazy. If you're planning to buy, don't wait too long. Especially with the new metro line extension coming up.
True U16, but be careful of the 'market is going up' FOMO. Do your research! Builders use that to pressure you into buying quickly.
Plots are risky, yaar. At least with flats, you have some legal recourse. With plots, it's all about the builder's intentions. Make sure they have all the necessary clearances *before* you even think about booking.
I invested in a plot scheme near Jewar airport a few years back. They promised possession in 2 years. It's been 5, and still nothing! I'm starting to lose hope. Paisa doob gaya kya?
Timeline concerns are legit, bhai. Noida mein toh builders date pe date dete rehte hain. Which project are you looking at specifically?
Freehold plots on Noida Expressway? Sounds tempting but definitely do your due diligence. Check the builder's RERA registration and past project delivery record. Don't just rely on the video.
Exactly U2! RERA is a must. Also, check the approvals from Noida Authority. They are notorious for delays. I've been waiting for possession of my flat in Sector 78 for 3 years now.
Sector 78? Oh god, that area is a mess. Infrastructure is still developing. I heard the metro extension is also delayed. U3, which builder are you talking about? Asking for a friend...
U4, let's not name and shame publicly but DM me if you want the builder's name. It's a well-known one though, unfortunately. Lesson learned: check, double-check, triple-check before investing!
Sector 78 is slowly improving, but yeah, infrastructure is still a concern. The price appreciation hasn't been as great as I hoped for either. Maybe in another 5 years...
U3, 3 years? That's insane! Did you file a complaint with RERA? What's the status?
U4, you're right about the metro. It's a pain to commute right now. My cousin lives there and says the road conditions are terrible during the monsoon.