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Home > Forum > Ghaziabad > Buying property > How is Patel Nagar real estate for buying an apartment?

How is Patel Nagar real estate for buying an apartment?

Q: Hi, I am looking to buy flat in Patel Nagar, Ghaziabad. Please let me know your views.

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apartments for sale
patel nagar real estate
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Replies (5)
1
it actually happens like this: an investor buys a property and keeps it until the value appreciates, and then sells it to another investor. And the flow goes on among many investors rising the cost of the property meanwhile. Though the number of actual sales is low in the area, investors are making money in this way.
Aneek Das


2
Lokesh, only 10 percent real estate transactions that are happening are involving actual customers while the remaining 90 percent are happening between financer to financer, which makes the market investor-driven than end-user driven. Despite rising demand for properties, the supply of residential units is not being increased in Patel Nagar..
Abhishek


3
How can property dealers in Patel Nagar affect the prices of properties there? What will be the use of it? How will buyers afford the rates?
Lokesh Patwa


4
As per an estimate, there are around 500 property dealers in Patel Nagar and this is the reason for huge competition for properties in the area. As of now, a property with area of 500 sq ft is being sold for Rs 1 crore approximately. And commercial property is valued at around Rs 2.5 lakh to Rs 4.5 lakh per sq ft.
shilpa


5
The real estate of Patel Nagar is growing pretty fast. Especially, after the metro coming up, properties are gradually witnessing good appreciation. But surprisingly, the number of property transactions are not increasing. Getting land is not a problem there, but still, not many developers are launching new projects in Patel nagar.
Sukhwinder Kher


6

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