10 years of renting, finally pulling the trigger
Sector 37 — I'm looking at a 3BHK in Altus Space Builders and it's frustrating how floor-rise premiums add up. Fed up of renting for 10 years, my landlord just hiked rent again. This time I'm buying to build equity, but every floor up adds like ₹50k-₹75k. For an investor, does that even make sense for future ROI? I'm not living there, so the view isn't a priority. Seems like a pure cost. Honestly, I'm thinking about secondary market deals instead. Can you actually negotiate more on a resale in Mohali or Zirakpur than with a new builder? Altus is pushing their payment plan but I'm wondering if a slightly older property might offer better value without these premiums. What's the real ground reality for investors in Chandigarh? Is the floor rise just a builder's way to inflate price?
Comments
Totally understand your frustration, bhai! 10 saal se rent pe rehna aur phir yeh floor-rise ka jhanjhat... it's a nightmare. I'm also looking in Mohali and Altus is one option. But ₹50k-₹75k per floor without a view benefit for an investor feels like a pure rip-off. Is this standard practice everywhere or just these big builders?
Haan yaar, seems like a builder's trick to squeeze more money. Same experience in New Chandigarh projects