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What are the future prospects of Noida Extension? – Property Hotline
Posted
June 21, 2016
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10,922
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June 21, 2016
10,922
21
2
0.21%
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5:23Now PlayingBe Un Confused
Expert: Amit Goenka. Amit is the MD & CEO of Nisus Finance
Question: I booked a 1,240 sq ft in VVIP Homes, Greater Noida West for Rs. 3100/sqft in 2013. The property is under-construction. I want to know the future prospects of this location. I also want to know for how long will the slowdowns last in this market. Many are advising us to exit the property.
Answer: The project is risk-oriented as it is an under-construction asset. It is advisable to sell of the flat to a prospective buyer in the market. Furthermore, you can use the money in a ready possession flat. This move would have the option of renting it out, which in turn helps in repaying the EMI from the bank.
As a future prospect of Noida Extension, it is an affordable housing hub with huge supply. Almost 75 developers have offered their projects. Gaur City 2 and Palm Olympia are among the prospective developers in the area.
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