M
Manisha Mittal
posted on 27 MarPalm Olympia's brochure is a complete lie, beware!
Need a bigger space for the kids, so I'm looking at Palm Olympia. But yaar, the advertised price and the actual cost? Huge difference! PLC charges are insane. Dwarka Anamika Residency is upcoming, so can't compare. But Olympia seems like a trap. Is it even worth it? My wife's priority is a safe society. Anyone else facing similar hidden costs in Palm Olympia? What to do?
#palm-olympia#hidden-charges#noida#plc-charges#real-estate
Comments
Don't just look at the price per sqft. Calculate the total cost, including PLC, parking, club membership, etc. That's the real number.
I agree with U1. Palm Olympia seems like a trap. There are better options available in Noida. Keep looking.
So, what did you end up doing, U1? Did you book somewhere else?
Possession mila kya kisi ko Palm Olympia mein? That's the real question!
Nope, not yet. Still waiting. But some towers are nearing completion, I think.
Be careful - this builder has 3 delayed projects in Greater Noida. Do your homework!
PLC charges are a common scam. Builders know how to milk you dry. Get a lawyer to review the agreement before signing anything.
Dwarka Anamika Residency might be worth waiting for if you're not in a hurry. New projects often have better amenities and construction quality.
My friend lives in Palm Olympia. He says the maintenance charges are also high. So factor that in as well.
Bhai, this builder ka track record bahut poor hai. Check their other projects. Most of them are delayed.
I heard the construction quality in Palm Olympia is not that great. Thin walls, cheap fittings. Do your research.
The new metro line extension might impact prices in that area. Could be a good thing in the long run, but still... something to consider.
Thanks everyone for the insights! Really appreciate it. Seems like Palm Olympia is more trouble than it's worth. Will explore Sector 150 and file a RERA complaint if necessary.
Don't fall for the 'safe society' trap. All builders say that. Look at the actual amenities and their completion status. I bought in Jaypee Greens 5 years ago, promised a swimming pool, still waiting!
Which floor are you looking at? Corner unit or something? That usually jacks up the price.
Palm Olympia is in Sector 16B, right? That area is still developing. Infrastructure is not fully in place yet. Consider that before investing.
Dwarka Anamika Residency is still pre-launch, so risky. But Palm Olympia... I know a few people who bought there, and they're complaining about delayed possession. Check their RERA registration number and see the promised completion date vs. reality.
Bhai, safe society toh Noida mein mushkil hai. But seriously, safety is relative. Palm Olympia claims to be safe, but what about the actual security measures? Check the CCTV coverage, guard deployment, and emergency response system. Don't just go by their word.
True that! Safety is a big concern everywhere. I rely on the residents' association more than the builder's claims.
U5, good point about the CCTV coverage. I'll definitely check that out. My wife is paranoid after what happened in Sector 75 last year.
PLC charges are a killer! They add up to lakhs! Negotiate, negotiate, negotiate! And get everything in writing. Don't trust verbal promises.
I booked a 3BHK in Palm Olympia 2 years ago. Promised possession was Dec 2023. Still waiting. Builder keeps giving excuses. Thinking of pulling out and investing in Sector 150. Better options there.
U9, did you file a complaint with RERA? Delayed possession is a legit reason to get your money back with interest.
U10, 7k is steep! I bought in Sector 143B for 6k just 6 months ago. Maybe wait for a correction?
Sector 150 is good, but rates are high now. Avg rate is around 7k/sqft. But the infrastructure is much better than other sectors.
Totally agree yaar! Palm Olympia's brochure is all show, no substance. They lure you in with the 'affordable' tag, but the PLC and other charges will bankrupt you. I heard similar things from a friend. Did you check the reviews online?
Online reviews are mostly paid, bhai. Hard to trust. But yeah, inflated costs are a common tactic. Always negotiate HARD.
Exactly! Reviews are sus. Check RERA records and see their completion rate for other projects. That's the real picture.