Sunday, February 19, 2012

[CROMA] CROSSING REPUBLIK - FUTURE OUTLOOK FROM INVESTOR'S PERSPECTIVE

 

Investment in CR, be it residential or commercial definitely makes sense.

NH 24 has to be widened or otherwise do not expect Noida Extension population to move towards Delhi through Noida (Noida Roads will choke!!)

As what I gather from the news article that keep appearing, an Expressway from Delhi to Merrut is to come up, and this will be on NH 24 uptill Dadri and then will turn to Merrut. All approvals are in place and post elections work has to be awarded to Contractors.

24 months from now on the prpoerty on this strech will compete with that on Greater Noida Expressway (rates of Indrapuram already do that).

DG issue apparently is illogical. No sane person can allow DG to come up in the vicinity of a township (CR) where thousands of crores have already been poured. DG if ever it comes up will not only impact CR, even Noida Extension (where again couple of thousands are being invested) residents will also be affected.
 
Further the villagers of this area are fairly belligerent. The DG as presently being prompted is to come up adjacent to Shahberi village. Now again this appears un feasible considering that it were the residents of Shahberi village that had sent the whole of NE into a limbo and assuming that they will continue to be silent spectators to DG coming up is difficult to assume.

Number of families residing presently at CR are around 1,000+. This figure is expected to cross 3,000 by Diwali of 2012, the rise in prices will follow.

2013 onwards will witness boom in commercials coming up in CR in a big way. Population here is going to be dense, educated, young and with decent purchasing power.

Commercial in CR will be instant success with no markets in the vicinity to compete.

If the property is expensive (Gurgaon) people rue it but when it is available at a reasonable price, I do not understand why people do not go for it!!

Regards / Mohit
  

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