Noida Authority Farmhouse Scheme

[Pradeep Sharma]

Attaching latest Noida Authority farmhouse scheme.   Rate is Rs. 3500/sqm which is too cheap in NCR (inclding IMT Manesar,Bahadurgarh,Yamuna Expressway etc) but minimum plot size is 10000sqm   regards, Pradeep Sharma

[अर्णब् मुखर्जी]

Thanks Pradeep for the adv.
It is a good scheme however the farm house plot prices are stagnant
for last many years. These plots are given thru an interview process.
There is no lottery.
During the interview, Noida Authority guys will strike an under-the-
table money deal with you which will be at least twice the price of
the plot.
Also remember that, the built-up unit will be limited to say 10 or 15%
max. Not 60%+ as in YEIDA.
Landed price of this farm house plot would be minimum Rs 10K+/SQM.
A 4000SQM plot in Sector 20 is a much better deal than this one.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+

On Sep 14, 9:14 pm, Pradeep Sharma <fritolay...@yahoo.co.in> wrote:
> Attaching latest Noida Authority farmhouse scheme.
>  
> Rate is Rs. 3500/sqm which is too cheap in NCR (inclding IMT Manesar,Bahadurgarh,Yamuna Expressway etc) but minimum plot size is 10000sqm
>  

> regards,
> Pradeep Sharma
>
>  
>
>  getimage.jpeg
> 531KViewDownload

[Ashutosh Varshney]

This is not cheap for farmhouse land (cannot be compared with residential) , should be around 2000-2200 , when we are talking about 10000sqmt and above . 

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[arnab mukherjee]

Noida is on a selling spree. See the Sec 144 Builder Scheme.
One correction: Last year, the farm house plots of Noida were selling for Rs 2750/SQM or so. So this year, it has gone up by 27+%.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

[Vikram Sachdeva]

There will be no piece of land in Noida left when the tenure of this Govt. will complete. I dont know why is there a hurry to supply so much of land for development. This is definitely creating a case of oversupply and I dont know why the builders are not opposing it as this is not good for them as well as this is resulting in hightened competition and builders are having such huge inventory remaining in their pockets.

 

I think Authority is giving them some incentive which is making it lucarative to purchase even in this oversupply. Be it increase in FAR, relaxation in norms for completion, there might be some other benefits as well, which are not known to public. But this is not good for the market. All of you who are buying these apartments from builders these days, these will have no resale value in near future let say for next 5 -7 years beacause there is gonna be a huge supply. But, after 10 - 12 years, you will be able to get some Return on Investment, but this is a huge gestation period.

 

You will get more returns then this by simply putting your money in the bank.

[Parthg]

Mr. Vikarm:

Sorry to interrupt. As per my knowledge, Major chunk on left side of N
Gr noida expressway was being sold in Mulayams regism. So, lets not go
to this. For development /making of residential projects, if land are
being sold I dont see any harm on it when it just lying as unused. For
people who wish to have a flat in Noida/NCR, its good for them to try
for a flat in Noida(if due to oversupply the price gets cheap people
can buy a flat and can afford it). We should not always think only
about investment/returns and all. Lets talk to live in that plot/flat
without calculating the muliply factor always :-) and how builders
can oppose? now a days, lot of builders are around noida/ncr and they
are ready to buy a piece of land in Noida caz they know its not a loss
buisness for them at all . As per as my view is concern, lets sell
all the salable land(where farming is not happeing from long time and
lying as unused ) to the proper buyers so that more and more flats/
resindetial colonies can be built and with this lot of new markets/
malls/employments can be generated. Anyhow all of us like to see
Noida/Ncr to grow as world class city/area to live in.

Parth

> >> On Wed, Sep 15, 2010 at 6:44 AM, Pradeep Sharma <fritolay...@yahoo.co.in>wrote:
>
> >>>   Attaching latest Noida Authority farmhouse scheme.
>

> >>> Rate is *Rs. 3500/sqm* which is too cheap in NCR (inclding IMT
> >>> Manesar,Bahadurgarh,Yamuna Expressway etc) but minimum plot size is *
> >>> 10000sqm*

>
> >>> regards,
> >>> Pradeep Sharma
>
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[Vikram Sachdeva]

Hi Parth,

 

I cleary said in my post that for end users, this is good in a way that oversupply has brought down the prices to some extent, but and there is a big BUT, provided they get their possession in time from these developers.

 

Everybody knows what happened to those who booked Unitech Grande. 3 years have passed by and no signs of any apartment there. Similarly what these builders are doing, creating a land bank with the money collected from those who are booking apartments. BPTP bidded for the commercial plot in Sec-94 and could not afford to take it because of the recession.

 

In today's newspaper, there is a news about the owner of Nitishree Builder getting caught in Mumbai because he was framed with charges of fraud because of not able to deliver. So, too much of supply is also not good. There should be competition between firms but to the extent in which the supply dont overshoot the total demand faced. That is exactly what is happening here, the supply is way way ahead of the demand and this is resulting in excess supply with the builders which they wont be able to sell.

 

And if the builders will not be able to sell then there will be no incentive and capital left with them to complete the project. Thats what my worry is and this will effect the end users.

 

About investors, if there is no or minimal rate of return than what you get by putting your money in bank, it is always safe to put it in bank or invest in some instrument which provided more return on investment than the bank is providing.

 

This allotment could have been done in a phased manner and I am not in favour of any political party. So, if the previous Government did something, you could see the results for yourself. Builder has not build as yet. Unitech was saved by entering into Telecom and getting the 2G licence at the rate of peanuts which raised its valuation, else it would have been in a deep deep trouble.

 

Vikram

 

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[Krishna]

Well Govt. should not be for market but the people.. If there is
artificial scarcity, it should be removed.. This way genuine people
who need flat would be able to afford the same..
About Unitech, we haven't mentioned it was peanuts for Govt. coffers
but cashewnuts for Raja and UPA ministers invovled in this 45000 crore
scam..At end, its my and your money that they looted.. Common man
won't even understand whats looted and by whom as 2G license is just
like a driving license for masses..

Regards
krishna

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[KumarG]

just a small correction Arnab. Last year scheme rate was Rs. 3100
which was a big failure. I am sure this new scheme will also meet the
same fate.

I tried calculating the total cost of this farmland and it comes to
Rs. 6.2 crore ++.

Cost of land Rs. 3500 x 10,000 sq mtr - 3,50,00,000 (20% to be paid on
allotment)
Intt @ 11% for 16 installments on 80% - 1,34,40,000 (on reducing
balance so taken @6% flat for 8years)
Lease rent @ 2.5% x 11 times - 1,13,80,000
Location @ 5% - 17,50,000
Plus stamp duty
I have not counted kharcha paani and under table which is all extra
and as Arnab said, it may be twice the allotment rate which is another
blow of Rs. 7 crore in black

Now the million $ question is - who will have 20% payment of Rs. 70
Lacs at allotment and Rs. 52 Lacs every year for 8 years in white in
India??? For what.....drinking morning tea with mosquittos and flies
in a big playground after retirement!!

Well I dont know of anyone...do you??

rgds
Kumar

On Sep 15, 5:04 am, arnab mukherjee <arn...@gmail.com> wrote:
> Noida is on a selling spree. See the Sec 144 Builder Scheme.
> One correction: Last year, the farm house plots of Noida were selling for Rs
> 2750/SQM or so. So this year, it has gone up by 27+%.
>
> ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
>
> On Tue, Sep 14, 2010 at 9:26 PM, Ashutosh Varshney <
>
>
>
> varshney.ashut...@gmail.com> wrote:
> > This is not cheap for farmhouse land (cannot be compared with residential)
> > , should be around 2000-2200 , when we are talking about 10000sqmt and above
> > .
>

> > On Wed, Sep 15, 2010 at 6:44 AM, Pradeep Sharma <fritolay...@yahoo.co.in>wrote:
>
> >> Attaching latest Noida Authority farmhouse scheme.
>

> >> Rate is *Rs. 3500/sqm* which is too cheap in NCR (inclding IMT
> >> Manesar,Bahadurgarh,Yamuna Expressway etc) but minimum plot size is *
> >> 10000sqm*

>
> >> regards,
> >> Pradeep Sharma
>
> >>  --
> >> You have received this message because you subscribed to the Google
> >> "YEIDA" group.
> >> To visit this group, please click the link
> >>http://groups.google.com/group/yeida
> >> To post a message to this group, send an email to ye...@googlegroups.com
>
> >> You can UNSUBSCRIBE from YEIDA group through our web interface or via
> >> email.
> >> To unsubscribe through our web interface please go to

> >>http://groups.google.com/group/yeidaclick the "Edit My Membership" link

> >> on the right-hand side of the group's homepage. Then click the "Unsubscribe"
> >> button on the page that appears.
> >> To unsubscribe from YEIDA group via email, please send an email to

> >> yeida+un...@googlegroups.com <yeida%2Bunsu...@googlegroups.com>

>
> >> For any other information, kindly contact Arnab Mukherjee at

> >> arn...@gmail.com OR Raj Yadav at yadavra...@gmail.com OR Safal Suri at
> >> safals...@hotmail.com.

> >> Alternatively you may speak to Safal Suri on +91-9811182828.
>
> >  --
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> > Alternatively you may speak to Safal Suri on +91-9811182828.
>
>
>

>  Sec144Noida_BuilderScheme.jpg
> 496KViewDownload- Hide quoted text -