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Is it worth investing 50-55 lakh for a 2BHK in sector 50?

By Unregistered Visitors, Section Noida Real Estate Property
Posted on Tue May 19, 2009 at 03:07:06 AM EST

Hello,

I'm planning to buy a ready to move in property. Its not for investment purposes but for living. I will really appreciate if anyone can advise me on the same.

I've been searching in sector 50 and prices for 2 BHK are around 55L. Is it worth buying at this price? Nny other area worth considering with good flats where prices are a bit moderate?

Someone suggested sectors 44 and 61, any ideas about these(I've ruled out Indirapuram and expressway). Suggestions will be highly appreciated as I'm a newbie in this field and have no idea whatsoever.

Thanks.

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Is it worth investing 50-55 lakh for a 2BHK in sector 50? | 4 comments (4 topical, 0 hidden)

noida rates (none / 0) (#4)
by rajeevkumar on Wed May 20, 2009 at 12:14:08 PM EST

I booked flat in Noida last week , it was 2BHK and it cost me Rs 29 Lakh and possession will be in 2011. I did lot of R & D and it seems that location will be very good after 2 years. It is around 2-3 km from sector-50 so for 2-3 km, if it is saving 15 lakh then it is worth to go away 2-3 km.

Real estate bubble going to burst (none / 0) (#3)
by noidaxyz on Wed May 20, 2009 at 02:47:16 AM EST

Both the IT and the real estate bubbles are going to burst by this year end; or going to get deflated; this is not the time to purchase property; wait another 6 months to 1 year as prices are going downwards or stagnant; drive a hard bargain to get a good deal; what you are getting is a bad deal at this price; 2BHK in noida should not cost about 35 lakhs; this is not dubai or manhattan; just wait till year end to see the market collapse here like in usa.

u should wait till year 2009 end (none / 0) (#2)
by noidaxyz on Wed May 20, 2009 at 02:40:55 AM EST

the price you are getting is at the top end of the boom cycle of noida real estate property curve; if you are not in a hurry to buy, wait till this year end (2009) at least as there are high chances of prices falling by that time; at least there is no chance of prices increasing from what you are getting now; or risk loosing your money if you have enough cash to throw.

NOIDA SEC-50 (none / 0) (#1)
by satyamkapoor007 on Wed May 20, 2009 at 01:38:23 AM EST

NOIDA SEC-50 IS ONE OF THE POSH LOCATIONS IN NOIDA.

IT IS WORTH BUYING A APPARTMENT THERE BECAUSE OF LOCALITY.

THE 2BHK APPARTMENT COST YOU AROUND 49LACS(INCLUDING ALL CHARGES) AND THAT TOO IN CONSTRUCTION LINK PLAN.

THE 3BHK APPT. COST YOU B/W 56 TO 75 LACS(INCLUDING ALL CHARGES) DEPENDING ON APPT. SIZE.

FOR FURTHER QUERRY,FEEL FREE TO CONTACT.

REGARDS
SATYAM KAPOOR
9818438297

Is it worth investing 50-55 lakh for a 2BHK in sector 50? | 4 comments (4 topical, 0 hidden)

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