R
Rohan Joshi
2.5 years tracking Faridabad from Dubai — my current dilemma
2.5 years tracking Faridabad from Dubai, and I'm finally serious about investing. I'm looking at Goyal Luxury Floors By Rahul Mangla in Neharpar, mainly 2BHKs around ₹70-80L. Since I can't do site inspections easily, I really need community input. What's the real deal with Goyal Estate Agency's RERA compliance and past legal clarity? Any issues with bank approvals for NRIs or specific projects? I'm worried about documentation for Power of Attorney. Also, what's the word-of-mouth reputation among actual residents for their projects? Trying to avoid any nasty surprises down the line, especially with managing it remotely. Thanks for any insights.
#faridabad-investment#nri-buyer#goyal-estate#rera-compliance#neharpar
Comments
I've heard some whispers about builders like this trying to attract NRIs with fancy names and slightly lower prices. But the legal complications, especially with RERA and bank approvals, can be endless. And if they have '0 projects' as per the data, that's a huge red flag on legal clarity. Word-of-mouth will also be non-existent if they haven't delivered anything.
I'm a first-time buyer too, and this is exactly the kind of situation I'm scared of. My agent was pushing a similar builder with no RERA history and it felt off. How can they even market themselves as 'Luxury Floors' without a single completed project? This sounds like a trap, U1.
Zero projects? That's a straight-up no-go for me. NRI ya non-NRI, it doesn't matter. Builder ka background check sabse pehle karna chahiye. Luxury Floors bolne se kuch nahi hota, delivery matter karti hai. Please re-think, bhai.
U1, I was also eyeing Neharpar a while back. The prices seem attractive but the market is a bit slow right now, especially for new projects without a proven track record. For 70-80L, you might find better, safer options. Have you checked out properties in Sector 35? There are some good societies there.
I agree with U9. The current market conditions don't favor untested builders. For that budget, focus on builders with at least 2-3 delivered projects. Otherwise, bank approvals will be a nightmare, and your investment might get stuck for years. Plus, remote management with a problematic builder is a recipe for disaster.
Sahi keh rahe ho U2. Faridabad real estate market, especially post-pandemic, has been more buyer-friendly but also very cautious. New builders with no completed projects are struggling to gain trust. 70-80L is a significant amount for a 2BHK with an unknown builder, no matter the location.
Hey everyone, I'm U1, an NRI tracking Faridabad from Dubai for 2.5 years. Finally serious about buying! I'm looking at Goyal Luxury Floors By Rahul Mangla in Neharpar, specifically 2BHKs around ₹70-80L. Since site inspections are tough, I really need your honest community input. What's the real deal with Goyal Estate Agency's RERA compliance and past legal clarity? Any issues with bank approvals for NRIs or specific projects? Also, worried about Power of Attorney docs. What's their word-of-mouth rep among actual residents? Trying to avoid nasty surprises, especially managing remotely. Thanks for any insights!
POA process is already complex for NRIs, and if the builder itself has no clear RERA history or past projects, banks will definitely be hesitant. Mera ek dost ka loan अटक gaya tha because builder ke documents mein issues the. You'll face a lot of hurdles without a strong track record.
Exactly what U6 said! Zero projects listed on RERA is a major concern. For 70-80L, why take such a huge risk? Faridabad mein aur bhi established builders hain, especially in developed sectors like Sector 35. Neharpar mein toh waise bhi kaafi projects stuck pade hain.
Bhai, Goyal Estate Agency ka naam toh suna nahi. Luxury Floors bol rahe hain, but RERA site pe maine check kiya tha, inke paas koi registered project show nahi ho raha. This is a huge red flag, especially for an NRI looking to invest remotely. Be very, very careful.