The Flow of Black Money has Stopped as we all Know thanks to Modi Government.. and this has led to great crash in property prices in Delhi NCR..as per latest estimates the prices has gone down to upto 30 percent. The demand from the invester at its lowest level but on the positive side the end user is still there but this alone cannot bridge the gap of unsold inventory.
As per a reporting from a well read Daily..no invester is ready to invest as he very well know that he cannot invest more than 2-3 lakhs and above it he has to show PAN card or complete other obligations. A propert dealer in Greater Noida said that he used to sell atleast 5 properties a back per month in all cash an now he is unable to sell even one in a month owing to strict obligations. Even bank people a worried on this down trend.
But the still the end user is available, but he is worried that the Builders arent providing possesion and hence they are buying property only from tested and verified builders after lot of cross checks. An end user who bought a flat in Wave City on NH24 in 2013 said that he had a plan when he bought the low rise flat in wave city three years back but after close to 4 years even the excavations hasnt started. Another friend of mine is also frustrated due to delay in flat possesion by Amrapali another big builder.
So What does the End user Do Now.
The end user has no option left to be very Frank. If he tries to sell his property in Resell, he isnt going to get any buyers as the same builder will offer a falt in the same project in 30 % less price.
Who are the Good Builders?
If we talk about builders in Noida Greater Noida., Me myself being in the Construction industry will Recommend Gaurs, SKA, Samriddhi to name a few. They have completed their projects on time and offering NOC,and Possession. Registry of the proprty is also going on.
Best Projects in Noida, Greater Noida.
Gaurs Saundaryam G.Noida West, Gaurs SportsWood Sector 79. Samriddhi. Ek Murti Gol Chakkar, SKA Green Masion are some better projects one can check for.
Price
Price for these projects are between 2200 Psft to 3200 Psft.
Rgds
Flying Shark
feedback desires@aol.in
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