High Court Verdict of Noida and Noida extension

Today is the D-day for the buyers who invested hard earn money to buy there house in the Noida Extension and adjoining Noida area. Almost whole of Noida extension (sector 1-6 of greater noida) and Sectors like 78, 120 (nearby sectors also) are under the hammer in today's verdict. There are good chances that buyers and farmers interest will be kept in mind in the decision.

Lets hope for the positive...

Why Logix Blossom Green bookings had been closed?

Logix closed the booking for there Blossom Greens project and they are many speculations which are going around creating the confusion all around. Let me try to make things clearer with little knowledge i have gathered of the area:

Speculation 1: They are done with bookings and very little or no flats are available
Not True, if you have little knowledge about the builders and they business you would know that builders sell there project in parts and project is never sold out until and unless every flat is occupied by the end-user.

Speculation 2: Price gonna rise to 3330 like Blossom County
Partially True: Prices is ought to rise given the project booking is going on from last 1-1.5 years. However, the cost rise will be around Rs. 200-250 and its highly unlikely that price would rise by 500-600.


Speculation 3: Project has problems in terms of clearance....
Not True: As most of the banks like HDFC,AXIS,BoB etc are giving loan should clear any doubts about the project. I know Noida extension also had loan from all major providers and it faced the problems like never seen before in India real state market however, the situation is unlikely to repeat itself.

The only reason I see behind the move is Zest sale, i think what Logix is doing is focusing on the sale of Zest project which is next to Greens and hardly sold any units till now. I think even if greens is opened again its rate will surely be higher than Zest. Also, one scenario possible is keep selling 3/4bhk in greens and book studio and 2 bhk only in zest.

F1 in trouble?

India has neck for creating the hack of every event they organize at the national or international level. However, this time its not the government but the farmers who are threatening to create problems if there demands are not met before the race.

It will be unfair to say that government is not involved because its no-comment policy on the issue is the biggest issue. If state government would have intervened with the right intentions, the problem could have been solved long back in the Noida-Greater Noida part of NCR.

The farmers here are not the same as agitating in the noida but these are from nearby area of Yamuna Expressway, Greater Noida and Gautam Budha nagar. 

Agitation in Noida Again

Seems like problem for noida is far from over today farmers stop the construction in various sectors like 76-78,120,121 etc because they are demanding the 5% of development land in lieu of land purchased by authority.

Noida Authority gave statement that they are taking to farmers and encouraging them to file the case in Supreme Court with authority providing any assistance required for the same. Seems like authority need to re-process the request for which they need the approval of the court.

With problems like this Noida fate remains undecided.... and with it buyers are caught right between it.