Diksha, I appreciate your insights on the property market in Noida Extension, and as someone residing in this area and owning property here, I'd like to respectfully offer a different perspective. 1) Supply and Demand: Yes, demand is greater than supply, but not to the extent you're suggesting. If it were, projects would have sold out on the first day like in Gurugram. In reality, NBCC is set to give possession from Dec 2024, adding a substantial inventory of 40,000 units. This could deflate the current price bubble. 2) Commercial Developments: With the exception of Gaur Mall, every other mall seems deserted. Gaur City Center, near Gaur Mall, appears like a haunted house. About 90% of offices are vacant. Most malls have substandard local brands. People here bought flats for affordability, indicating low purchasing power, which affects the success of commercial ventures. 3) Sector 10 & 12 as IT Hubs: Builders argue that KP5 will turn Sector 10 and 12 into new IT hubs, but I doubt this claim. The location seems substandard, with nearby villages. I believe the next IT hub will likely be on the Noida Expressway due to its accessibility, especially to the airport. 4) Wide Roads and Traffic Management: While roads are wide, traffic jams are a regular occurrence, particularly during weekends and evenings. There's often a huge jam from Gaur Chowk to Ek Murti due to a lack of effective traffic management. 5) Pending Dues and Registry Issues: I've been hearing about pending dues and registry issues for the last three months. The recent postponement of the CM's visit, scheduled last week, due to lack of progress on this matter, is a clear indication. This uncertainty affects confidence among property owners and potential buyers. There reason of price inflation is FOMO or missed the train feeling of buyers. Many individuals are purchasing properties in Noida Extension not out of genuine demand but rather due to FOMO. This FOMO-driven behavior often leads to inflated prices and unsustainable market trends. It's important to differentiate between genuine demand driven by practical needs and speculative buying fueled by FOMO, as this distinction has significant implications for the stability of the property market in the long term.
Very reasonable insight by Abhinav and really nice counters by Praveen. We love to see it when people participate in a healthy discussion. You're both right in a way. We'd try answering comments in our next videos so that everybody gets full clarity. Meanwhile, thank you so much for being here :)
@@praveenchamoli2799 NBCC is directly allocating them, so very few units are available for resale. In December, they will begin possession, leading to a decrease in rental rates due to the demand and supply dynamics. The decrease in rental prices will likely impact the property prices. Additionally, it's worth noting that global markets are under pressure, with several layoffs occurring in the US, and AI is impacting the job market. This makes me wonder if companies will settle in soon in KP5.
@@praveenchamoli2799 Also, these theories don't hold up in a bull market. We've seen it recently with PSU stocks-retailers' Fear of Missing Out (FOMO) led to their failure, and now we're seeing a correction.
@@praveenchamoli2799 @BlingKing321 I've noticed a familiar trend from 2010 to 2020. Prices shot up a lot from 2012 to 2015, then stayed the same for the next five years. It's unlikely that property prices will drop significantly, but they probably won't change much unless something big happens in the area, like finishing a metro line. However, these are just guesses based on what's happened before. Like I mentioned earlier, in a booming market, usual rules don't apply, and people's fear of missing out can override basic theories.
How many people earning > 1 lac in NCR area , collect data and share correct analysis , why motivating people under debt . Be careful 1 CR is not small amount Don’t invest in property builders are not quality builder like ATS and Purvanchal , noida extension buliders not delivered quality project , be careful
Best place to live in ncr we all love it, we will beat Gurgaon Mumbai soon. All positives abt this place alwaz. Agar koi shakk hei to crowd dekh le aakar. Khus bharosa karei. Shukar hei private builders ka ki hamko ghar mile. Sarkaarei to hamesha se nikammi rahi hei. Traffic issue solvable hei. Lekin property lena ab asaan nahi yahan. Aur Haan jaldi new Noida aane wala hei saath mei
I don’t understand Y some people are relating “consolidation” to “price drop” I just want to meet and talk to anyone who can prove that he bought a property at a lower cost as-compared to last year or last-to-last year or any time frame …. Even if someone strikes a distress sale it is still 100-200 rupees less than prevailing market rate
Mam kuch commercial ke regarding bhi video banaiye , duniya bhar ke malls bantey janrahey hai , jo ki bantey hi khandar ho rahey hai , rentals bahut high hai , ek mall mai 1000 dukan kam se kam bana rahey, kya hoga inka
Yes it is reality.. builder just want to focus how to get more and more money they do advertising very smart way in order to increase the rate... maximum flat buyer are getting stuck. The price don't justify for maximum builder's flat and also they don't focus on customer experience.
How beautifully explained by a beautiful host. People are just waiting for that market crash and till last year I was one of those but somehow I made up my mind and bought a property ..however, people are just wasting time. Still it is not too late but trust me within next one year it will definitely slip out of middle class families' hands. Also people who are comparing Noida with Delhi should understand that Delhi did not become DELHI in an year or two.. It takes some time to achieve the desired results.... Hopefully people will understand what they are lacking currently . Great work Diksha 👌
Nice and accurate analysis.we recently booked our flat so I can relate whatever you have mentioned are correct and matching with the current market price trend of Noida Extension.🙂
मेने 2010 में एक फ्लैट बुक कराया था। बुलन्द बिल्डर गौड़ सीटी 2 ग्रेटर नोएडा वेस्ट में 14 वर्ष हो गए हैं।काम बंद पड़ा है। पुरा पेमेंट कर चुके हैं केवल 5% पेमेंट बचा है। बैंक लोन का कर्ज चुका रहे हैं। किराए घर का किराया दे रहे हैं। कोई सुनने वाला नहीं है।
This is half reality, most people who have bought anything on first place are not the end consumer rather bought for investing purpose due to this market has shown sudden spike. The end user you are mentioning are mostly tenants not the owner. Agr thoda bhi gaur se 2-3 km aage piche chle jao pura gaaw wala feel ata h
Sab kiraedar rehte hai . 20% owner rehte honge. 20% wale Pan khaane wale rehte hai . High traffic , expensive schools, Only two hospitals, no public bus service, less open space between towers, no local doctors,no metro, no foot paths, etc. Delhi me mayur vihar ke rate ke aas pass pahunch gae hai . Only malls dikh rahe hai . Malls will die after few years. People from villages come and compare it with delhi. They say extension is better. They dont know what delhi is. This place does not have parks. Sab negative hai yaha . It is heaven for kiraedaar
Things that u mentioned r somewhat correct… issues are in Delhi as well… Parking issue, Parks are not everywhere,, rates in posh are unimaginable, etc.
When there is no cash inflow in the market, People are loosing their jobs Unemployment at its peak Noida is place for lower to middle class people What these brokers are doing that unnecessarily inflating the price and creating a panic in the market.
Hey Ranjeet, if you actually listen closely, you’ll see the video starts with Diksha explaining the same hurtful truth you’re not accepting :) Can’t help you there buddy. Hope you find a few price lists from several builders and they be an eye opener for you. Because they surely have been one for us. FOMO is just a smart keyword for better ranking of videos, Ranjeet. The anchor isn’t forcing you to buy a flat, nobody is going to come out of their screens and snatch your card to make a payment. Fortunately or unfortunately, technology hasn’t advanced so far yet ;) We’re watching this market closely and we’ve seen price lists jump from Rs 12,515 to Rs 14315 in a week. IN A DAMN WEEK! We were surprised, aap apni kya baat kar rahe ho. Rest as Diksha said, “samay hai, reality hai, Apne aap samajh aa jayega.” Isse zyada humein kuch nahi kehna, namaskar 🙏
![[LIVE] : ONE ลุมพินี 89 | คู่เอก "ยอดไอคิว vs คิริลล์"](http://i.ytimg.com/vi/Z3vYkHJ_5Ig/mqdefault.jpg)
Diksha, I appreciate your insights on the property market in Noida Extension, and as someone residing in this area and owning property here, I'd like to respectfully offer a different perspective.
1) Supply and Demand: Yes, demand is greater than supply, but not to the extent you're suggesting. If it were, projects would have sold out on the first day like in Gurugram. In reality, NBCC is set to give possession from Dec 2024, adding a substantial inventory of 40,000 units. This could deflate the current price bubble.
2) Commercial Developments: With the exception of Gaur Mall, every other mall seems deserted. Gaur City Center, near Gaur Mall, appears like a haunted house. About 90% of offices are vacant. Most malls have substandard local brands. People here bought flats for affordability, indicating low purchasing power, which affects the success of commercial ventures.
3) Sector 10 & 12 as IT Hubs: Builders argue that KP5 will turn Sector 10 and 12 into new IT hubs, but I doubt this claim. The location seems substandard, with nearby villages. I believe the next IT hub will likely be on the Noida Expressway due to its accessibility, especially to the airport.
4) Wide Roads and Traffic Management: While roads are wide, traffic jams are a regular occurrence, particularly during weekends and evenings. There's often a huge jam from Gaur Chowk to Ek Murti due to a lack of effective traffic management.
5) Pending Dues and Registry Issues: I've been hearing about pending dues and registry issues for the last three months. The recent postponement of the CM's visit, scheduled last week, due to lack of progress on this matter, is a clear indication. This uncertainty affects confidence among property owners and potential buyers.
There reason of price inflation is FOMO or missed the train feeling of buyers. Many individuals are purchasing properties in Noida Extension not out of genuine demand but rather due to FOMO. This FOMO-driven behavior often leads to inflated prices and unsustainable market trends. It's important to differentiate between genuine demand driven by practical needs and speculative buying fueled by FOMO, as this distinction has significant implications for the stability of the property market in the long term.
Very reasonable insight by Abhinav and really nice counters by Praveen. We love to see it when people participate in a healthy discussion. You're both right in a way. We'd try answering comments in our next videos so that everybody gets full clarity. Meanwhile, thank you so much for being here :)
@@praveenchamoli2799 NBCC is directly allocating them, so very few units are available for resale. In December, they will begin possession, leading to a decrease in rental rates due to the demand and supply dynamics. The decrease in rental prices will likely impact the property prices. Additionally, it's worth noting that global markets are under pressure, with several layoffs occurring in the US, and AI is impacting the job market. This makes me wonder if companies will settle in soon in KP5.
@@praveenchamoli2799 Also, these theories don't hold up in a bull market. We've seen it recently with PSU stocks-retailers' Fear of Missing Out (FOMO) led to their failure, and now we're seeing a correction.
@@praveenchamoli2799
@BlingKing321 I've noticed a familiar trend from 2010 to 2020. Prices shot up a lot from 2012 to 2015, then stayed the same for the next five years. It's unlikely that property prices will drop significantly, but they probably won't change much unless something big happens in the area, like finishing a metro line. However, these are just guesses based on what's happened before. Like I mentioned earlier, in a booming market, usual rules don't apply, and people's fear of missing out can override basic theories.
What about commercial market of greater Noida.??? Noida vs G.Noida which is better?? Prices- locations ???
Hey, that's a long discussion and could be a topic for another video. Stay tuned!
Fyi, Sector 10 & 12 were shown of Noida instead of Greater Noida in the map view 5:20
Hey, thanks for correcting us. We appreciate your support 🙌
What options in 1 cr any 3 bhk?
Hey Hitesh, yes there are some options. Please connect at 9540311311 to know further.
@@the_nestoryno is not available on whatsapp
I think govt hospitals and transportation should also be created in proportion to housing units being created.
How many people earning > 1 lac in NCR area , collect data and share correct analysis , why motivating people under debt .
Be careful 1 CR is not small amount
Don’t invest in property builders are not quality builder like ATS and Purvanchal , noida extension buliders not delivered quality project , be careful
Best place to live in ncr we all love it, we will beat Gurgaon Mumbai soon. All positives abt this place alwaz. Agar koi shakk hei to crowd dekh le aakar. Khus bharosa karei. Shukar hei private builders ka ki hamko ghar mile. Sarkaarei to hamesha se nikammi rahi hei. Traffic issue solvable hei. Lekin property lena ab asaan nahi yahan. Aur Haan jaldi new Noida aane wala hei saath mei
I don’t understand Y some people are relating “consolidation” to “price drop”
I just want to meet and talk to anyone who can prove that he bought a property at a lower cost as-compared to last year or last-to-last year or any time frame …. Even if someone strikes a distress sale it is still 100-200 rupees less than prevailing market rate
Mam kuch commercial ke regarding bhi video banaiye , duniya bhar ke malls bantey janrahey hai , jo ki bantey hi khandar ho rahey hai , rentals bahut high hai , ek mall mai 1000 dukan kam se kam bana rahey, kya hoga inka
Ji, noted Sir ✅
Yes it is reality.. builder just want to focus how to get more and more money they do advertising very smart way in order to increase the rate... maximum flat buyer are getting stuck. The price don't justify for maximum builder's flat and also they don't focus on customer experience.
Indeed.
True,, NCR builders are scammers
How beautifully explained by a beautiful host. People are just waiting for that market crash and till last year I was one of those but somehow I made up my mind and bought a property ..however, people are just wasting time. Still it is not too late but trust me within next one year it will definitely slip out of middle class families' hands. Also people who are comparing Noida with Delhi should understand that Delhi did not become DELHI in an year or two.. It takes some time to achieve the desired results.... Hopefully people will understand what they are lacking currently . Great work Diksha 👌
That’s really kind of you, rightly put into perspective. Thank you Raghav 🙏
Beautifully said
Nice and accurate analysis.we recently booked our flat so I can relate whatever you have mentioned are correct and matching with the current market price trend of Noida Extension.🙂
Thank you Bipin 😊
I agree with ur analysis
Thanks Nakul ✅
मेने 2010 में एक फ्लैट बुक कराया था। बुलन्द बिल्डर गौड़ सीटी 2 ग्रेटर नोएडा वेस्ट में 14 वर्ष हो गए हैं।काम बंद पड़ा है। पुरा पेमेंट कर चुके हैं केवल 5% पेमेंट बचा है। बैंक लोन का कर्ज चुका रहे हैं। किराए घर का किराया दे रहे हैं। कोई सुनने वाला नहीं है।
This is half reality, most people who have bought anything on first place are not the end consumer rather bought for investing purpose due to this market has shown sudden spike.
The end user you are mentioning are mostly tenants not the owner.
Agr thoda bhi gaur se 2-3 km aage piche chle jao pura gaaw wala feel ata h
Hello, we value your feedback. Sure.
Nice analysis
Thanks Ashish 🙌
Sab kiraedar rehte hai . 20% owner rehte honge. 20% wale Pan khaane wale rehte hai . High traffic , expensive schools, Only two hospitals, no public bus service, less open space between towers, no local doctors,no metro, no foot paths, etc. Delhi me mayur vihar ke rate ke aas pass pahunch gae hai . Only malls dikh rahe hai . Malls will die after few years. People from villages come and compare it with delhi. They say extension is better. They dont know what delhi is. This place does not have parks. Sab negative hai yaha . It is heaven for kiraedaar
We value your feedback, sure.
This is so so true. It's glorified Ghaziabad nothing else.
Bilkul sahi kaha saurabh ne
Things that u mentioned r somewhat correct… issues are in Delhi as well… Parking issue, Parks are not everywhere,, rates in posh are unimaginable, etc.
Wrong ...visit again ...per capita household income increase
Hum apni jagha thik hai, tum baitho 1 cr ke box main 😅 2bhk box… we live life large
Great. Good for you, Nonika!
live large in your bush who's stopping u
achha tumhari to video hi load ni Hui hogi lol
Kaha baithe ho tum,nali kinare kisi gao mai😂😂
@@pankajchauhan5395 lol teri pushte nahi khareed sakti, jaha h
@@nonika7115 naali or gutar mai Teri puste hi rahe,humko rehna bhi nahi hai
8000 per sq ft fix
With in three years 10000 expected
Agreed.
Bhaad me jaye real state
1 cr k uper chala gaya sab
Ab suru hoga consolidation
@@BlingKing321 will reply again in 4-5 years 🤣😂
When there is no cash inflow in the market,
People are loosing their jobs
Unemployment at its peak
Noida is place for lower to middle class people
What these brokers are doing that unnecessarily inflating the price and creating a panic in the market.
Hello, sure, we value your feedback. Thanks for watching, though!
You people smartly creating FOMO into the common people mind and it seems you people are working for the builder to creat such nonsense.
Hey Ranjeet, if you actually listen closely, you’ll see the video starts with Diksha explaining the same hurtful truth you’re not accepting :) Can’t help you there buddy. Hope you find a few price lists from several builders and they be an eye opener for you. Because they surely have been one for us. FOMO is just a smart keyword for better ranking of videos, Ranjeet. The anchor isn’t forcing you to buy a flat, nobody is going to come out of their screens and snatch your card to make a payment. Fortunately or unfortunately, technology hasn’t advanced so far yet ;)
We’re watching this market closely and we’ve seen price lists jump from Rs 12,515 to Rs 14315 in a week. IN A DAMN WEEK! We were surprised, aap apni kya baat kar rahe ho. Rest as Diksha said, “samay hai, reality hai, Apne aap samajh aa jayega.” Isse zyada humein kuch nahi kehna, namaskar 🙏
Sab farzi, rate 7000 hai, today's date 5th April 2024
Hello Jatin, we’re not sure if you’re talking about a project or a locality as whole. There’s no similar pricing for all, but an average of all.
jis din bubble fatega luxury ka maza aayega
Hello, sure. Thanks for watching Deekshant.
Sab hawa me hai
Hello, okay. Thanks for watching, Roshan.