S
Subham Ghosh
posted on 9 MayResale of larger homes is a major headache
Sector 50 — I'm looking at 2BHKs here, maybe a small 3BHK. Kids have moved out, so our big 4BHK is too much. Honestly, selling that older, larger property is proving a real nightmare. Everyone talks Noida appreciation, but nobody mentions how illiquid the resale market is for bigger homes to fund new compact flats. Is the resale market for current properties really this slow? What's your experience selling older, larger homes to buy manageable in Noida? Change my mind.
#resale-market#empty-nester#noida-2bhk#property-liquidity#sector-50
Comments
The problem is multi-faceted. Post-COVID, priorities shifted. People want smaller, manageable homes, maybe with a dedicated WFH space, but not sprawling 4BHKs. Secondly, the younger generation usually prefers ready-to-move compact units with amenities rather than older, larger apartments that might need renovation. Plus, the loan eligibility for larger ticket sizes is much tougher now, and property taxes and maintenance for a 4BHK are hefty. So, the buyer pool for big homes has shrunk significantly, leading to illiquidity. It's a supply-demand mismatch for sure.
U5, you hit the nail on the head. This trend is very visible. Builders are also focusing more on 2 and 3 BHKs now because that's where the demand is. The market for anything above 2.5 Cr for residential apartments in Noida has definitely slowed down, unless it's a super-luxury project with unique amenities. The 'value for money' factor has become paramount.
This thread is making me nervous. I'm looking at a 3BHK in Alpha I Greater Noida, thinking it's a good investment. But if even 4BHKs in prime Noida are struggling, what about Greater Noida? Is the resale market generally tough across the board for anything bigger than a 2BHK?
Haan yaar, this is a genuine concern. I'm a first-time buyer myself, looking at a 2BHK in Sector 75, and I keep thinking, what if I need to upgrade later? Will I get stuck? What kind of offers are you getting on your 4BHK? Is it really that bad?
U2, it's pretty bad. My 4BHK is in Sector 44, a prime location, but the offers are nowhere near what I'd expect. People lowball so much, saying 'it's too big, maintenance is high, no one wants to pay for extra space anymore'. It's frustrating to hear. I was hoping for around 3.5 Cr, but offers are barely touching 2.8-3 Cr, and even those are not firm.
Totally feel you, bhai! My parents are facing the exact same issue with their 4BHK in Sector 137. It's been on the market for months. Everyone wants 2BHK or small 3BHK now, especially with interest rates so high. Your experience resonates so much.