what is the review for newtech la palacia ... is it a good investment, can we trust the builder and the location

praveen, Delhi

17th August 2014

Investment Advice in Newtech La Palacia, Tech Zone IV, Greater Noida

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Replies (9)

don't trust, quality poor, no promised possession date

Raghavendra S Solanky,

4th March 2017

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Is 10 -80 -10 plan gud or their will be hidden charges too

Puneet Rustagi,

19th April 2015

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Hi Akash,
As per builder ,you have to pay 10% on booking, then within 30 days again 10%. On Excavation & foundation Raft casting 10%.Then on Ground floor, Fourth floor, Eighth Floor,Twelfth floor, Fourteen floor & on Top floor casting 10%. On start of Plaster work 50% + 50% of other charges. On possession 50% other charges.

Aloke Kumar Singh, Greater Noida

19th August 2014

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Hi all,
Thanks all for giving much more info about builder locality and investment.I want to know Construction Link Plan of this project.......Kindly share some info .....

Akash Kanojia, Delhi

19th August 2014

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Hi ,
Yes this price trend shown by Mr. Anwar & discussion about approvals ,banks gives a clear idea about the Investment. Now i am sharing some info about the builder.

Newtech is one of the India's leading real estate company. The Company is into real estate development with operations spanning all key segments of the Indian real estate industry, namely the residential, commercial, retail and hospitality sectors. This builder is having 4 on-going projects such as La-Residentia, La-Galaxia,La-Gracia & Gardenia Gravity. This builder is having a good track record of best quality & amenities .
So in my point of view the location and builder reputation draws many investors & property buyer towards it.

Pranay Malhotra, Delhi-NCR

19th August 2014

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Hello everyone,
I am a investor and in my point of view before doing any investment we must know about the price trend of the location(Tech Zone-4).So as per my sources in 2011 1950/sq-ft was the price in Tech Zone 4 but now in 2014 it is 3300/sq-ft which tells it self about the price trend of this location & how it is increasing.
My opinion will be -It is the best location for investment as well as home buyers .Appreciation will be high surely .

Anwar Mohammed, Delhi-NCR

19th August 2014

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Hi ,
Adding to my previous discussion , i must say that it is a nice project for investors and home buyers. As it is located in Tech Zone-IV, Greater Noida which is very near to hospitals ,schools & Banks etc .
It is just opposite to Gautam Buddha University, Buddha International Circuit (F1 Track). It is just 5 km away from the Tech Zone.
Fortis Hospital,Yashoda Hospital, Columbia Asia Hospital are some of good hospitals nearly 7 km distance from this location. Banks like State Bank of India, Syndicate & IDBI banks are very near to this location.Tech Zone is a very prime location in Greater Noida. All the facilities like school, mall, market, bank and ATM are available in this locality. Transportation is also very easily available in this locality.

Aloke Kumar Singh, Greater Noida

19th August 2014

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Hi Praveen & Subhaduti,
Yes I know this project .I was waiting to purchase 995sq-ft 2bhk. So i spoke with their executive asking about approvals and locality. So here i am sharing some details.

The greater noida authority & Yamuna Expressway Authority has approved the plans and other paperworks are in place. Banks like HDFC and ICICI are funding , there are some nationalized banks like the Bank of Baroda & Axis Bank , State Bank of India that has given out home loans.

Aloke Kumar Singh, Greater Noida

19th August 2014

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Hi praveen,
NEWTECH proudly present La Palacia at Greater Noida West. Which located in residential hub of NCR. It is a residential complex that offers 2 & 3 BHK apartments ranging from 995 sq-ft to 1425 sq-ft . Builder quoted price 3200/sq-ft.
It has the amenities like Swimming pool, Play area, 24 Hrs Security, Club House , Rainwater harvesting, Jogging track , Yoga meditation Center.This project possession is expected to be Jun 2016.

Subhaduti Mahankar, Greater Noida

19th August 2014

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