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What is the future prospect of Paras Tierea, Noida?- Property Hotline
Posted
November 2, 2016
Views
3,174
Likes
9
Comments
1
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0.32%
November 2, 2016
3,174
9
1
0.32%
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3:43Now PlayingExpert: Mudassir Zaidi - Managing Partner at SNZ Business Essentials
Question: I own a 1695 sq. ft. apartment in Paras Tierea in Sector 137, Noida. I booked it in 2010 and got the possession in May 2016. What would be the current rate of this property and what are the future prospects. How much appreciation can I expect?
Answer: The project is at a good location, just off the Noida-greater Noida expressway. The metro line completion is progressing well near the site. There are new commercial developments coming up near the project in the same as well as nearby sectors. Many other projects in the vicinity are beginning to give possession as well. On the whole the sector will stabilize once occupancy goes up and newer commercial developments become operational. The metro line will also bring added advantage to the location. At the moment the resale rate is around Rs 5000 and will go up due to the above mentioned factors. I would suggest holding on to the property. Good appreciation is expected once the market turns around.
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