Updated: Jun 22, 2020
“LUXURY COMES WITH SPACE & PRIVACY. POSITIONING LUXURY FROM OTHER MARKETS IN NORTH IS A TRAP.”
Be careful of a Residential Project which is being positioned as LUXURY on Noida Expressway. The project comes with very less land parcel and with almost zilch open area is going to give tough times to buyers and investors. The return on investment in this project will be negative which is very easy to understand if one rate the project on most common parameters.
The following parameters are going to make this particular project a non take off product:
1) Very small land area with almost no open space to walk
2) High Pricing on the pretext of Brand legacy
3) High Loading > 40%, you get only 50 to 55% area to LIVE in
4) Isolated location with no residences near by
5) No dedicated place for Club House - Big negative point
6) Sales pitch on a pool of lies and false promises
7) Four apartments on each floor - This is not luxury living by any standards, it has to be two side open with two apartments each floor.
8) High Rise going to give feel of builder floors where there is no open space.
9) Isolated approach road leading to site.
“EVER IMAGINED A LUXURY PROJECT WITH ZERO OPEN AREA, ISOLATED LOCATION & WITH EXORBITANT LOADING”.
The most important factor is what you pay and what you get, here the buyers are going to get only half a value by paying for full. Prominent builders of Noida and be it Second and third best builders of NCR gives ample space for open area where space for park & greenery is given and space for enriched amenities.
In the name of Luxury, some are charging exorbitant rates, buyers are being mis-guided and few people who have purchased by getting trapped around the hype created by builder and its associates are having tough time to sell it in market.
Imagine residents have to step out of the society to find a place to walk, exercise and to get fresh air and most importantly after paying 9000 per square feet rate.
Property Eye Opener helps people with Real Time Analytics showcasing unbiased and unfiltered facts for taking the most right decision. We shall be detailing more into this segment in our upcoming posts with some of the most promising & pathetic launch and the factors which would fuel growth & gives loss in ROI's.
It is your hard earned money so it is always advisable not to take rushed decisions and not to fall prey in the trap by trusting people who have vested interest involved in pitching a particular property. Consult, Think, Analyse & take informed decisions.
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