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Aarti Verma
posted on 27 MarNoida property: Hidden costs nobody tells you upfront
My property hunt in Noida made me realise how many hidden charges exist. Everyone talks about the base price, but what about PLC (Preferential Location Charges)? OMM Reality & Infrastructure projects mein, they conveniently 'forget' to mention it initially. Sector 16B seems cheaper, but factor in parking, club membership, and maintenance for the first year. Then there's registry and stamp duty – add another 7-8%! Under-construction properties look tempting, but OC milne tak, you're paying EMI *and* rent. Rental yield reality bhi kuch aur hi hai, advertised is rarely achievable. Anyone else faced similar surprises? Should I factor in resale value when buying in Noida Extension? Hope this helps someone.
#hidden-costs#noida-extension#plc#rental-yield#under-construction#om-reality
Comments
Don't forget about GST on under-construction properties! Another hidden cost.
Think long-term. The new metro line extension will definitely boost property values in the long run.
My advice: Always get everything in writing. Don't trust verbal promises from the builder.
So, what did you finally decide? Did you book a property?
Still researching! Thinking of maybe looking at ready-to-move options only.
Overall, buying in Noida requires a lot of due diligence. Don't rush into anything. Be aware of these hidden costs!
Currently, the market is a bit slow due to rising interest rates. Negotiate hard with the builder.
Check amenities completion before booking, I made that mistake. Promised a swimming pool and clubhouse, still not ready after 2 years!
Builder ne phir se date extend kar diya lol. Expected, but still frustrating.
Which floor? Corner unit? These things also affect resale value a lot.
I bought in Sector 150 three years ago. Rate was 4500/sqft. Now it's almost 7000! But the maintenance charges are crazy high. Worth it though, the amenities are good.
Stamp duty and registry is a big hit. Add that to your budget from the start. Don't underestimate it!
Exactly. 7-8% is a lot of money. Factor it in from day one.
And don't forget the lawyer fees for the documentation. More hidden costs!
Noida Extension is a gamble. Some sectors will do well, others will struggle. Do your research!
Under-construction is a trap! Paying EMI and rent is such a waste of money. Better to buy ready-to-move, even if it's slightly more expensive.
Rental yield reality is brutal. They show you fancy numbers, but good luck actually achieving that. Especially with so much competition in the rental market.
I agree. Advertised rental yield is a joke. Expect 2-3% max in most Noida sectors.
Which sector are you referring to? Sector 75 mein, I'm getting around 3.5%, but that's after a lot of effort.
Guys, anyone have experience with Supertech projects in Noida Extension? Thinking of investing, but I'm hearing mixed reviews.
Supertech? Be careful — that builder has 3 delayed projects in Greater Noida West already. Possession mila kya kisi ko?
Agree. Look at their track record. Lots of legal issues too.
Possession is a distant dream with Supertech. Stay away!
Totally agree yaar. Noida mein, 'hidden charges' is the norm, not the exception. OMM Reality toh pakka chor hai. They tried to fleece me with extra parking fees. Avoid them!
Bhai, resale value Noida Extension mein... risky hai. Depends on the builder and the specific sector. Some sectors are oversaturated with supply. Check the builder's track record carefully.
PLC is a killer! Especially if you're buying a corner unit or park-facing. They conveniently forget to mention it until the very end. Mera experience bhi same tha 2 years ago.
Sector 16B *seems* cheaper, but the catch is the maintenance costs. And don't forget the electric meter connection charges! That's another hidden cost they don't tell you upfront.
Haan exactly, Noida mein yahi problem hai. Looks cheaper on paper, but then all the extra charges add up.
True. And the builders are not transparent at all. They only care about getting the booking amount.