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Deepika Agarwal
Advertised prices for new projects are always misleading.
Spent the whole Sunday checking out options for a 3BHK. Currently in a 2BHK and thinking of upgrading. Visited Sattva Lake Ridge. The advertised price per sqft is one thing, but then you add PLC, floor rise, amenities charges... it just piles up. I'm honestly not sure if the premium is justified for an under-construction project. From what I saw, the quality looks okay, but it's hard to tell. Did anyone else feel the actual cost was way higher than what they first saw? I'm curious about its 5-year appreciation too. Is it mostly investors or will it be end-users living there?
#price-per-sqft#under-construction#sattva-lake-ridge#investment-potential#hyderabad-real-estate
Comments
Regarding appreciation for Sattva Lake Ridge, I heard the area has a lot of new IT companies coming up, so end-user demand might increase. But with 897 units, it could be a mix of both investors and end-users. The current market in Hyderabad is quite hot, but paying a premium for an upcoming project without clear cost breakdown is a big gamble. Did anyone manage to get a 'final' all-inclusive price from them?
I had a similar situation with a project in Attapur. Ended up paying almost 10 lakhs more than the initial quote. The quality was decent but the delay was horrible. So for Sattva Lake Ridge, if it's already showing such a discrepancy, be very careful. What about the RERA carpet area vs super built-up? That's another trick.
That's a very valid point. My friend bought a flat in Alwal and faced a 2-year delay. Builders often extend deadlines, and as buyers, we are helpless. For Sattva Lake Ridge, given its upcoming status, there's a higher chance of this. What if the market changes drastically by 2028?
You're right about RERA carpet area. Many builders still quote super built-up for initial discussions to make the per sqft rate look attractive. Always ask for the carpet area price. It makes a huge difference in the final cost calculation. Plus, under-construction properties always have a risk of delays. For 2028 possession, it's a long time.
Sattva Lake Ridge is still upcoming, right? Possession is 2028-01-01. That's a long wait for an under-construction project with such high hidden costs. The total units are 897, which is a big project. More units can mean more competition if you plan to sell later. Always check builder reputation for timely delivery.
So glad someone brought this up! I thought it was just me. I visited another project near Ameerpet last month, and their 'all-inclusive' price was a joke. By the time they added everything, it was almost 25% higher. How are we supposed to budget correctly?
Exactly! And then they pressure you to book quickly saying prices will go up. This pressure tactics make it even harder to make a sound decision. It feels like they're exploiting our inexperience.
Spent the whole Sunday checking out options for a 3BHK. Currently in a 2BHK and thinking of upgrading. Visited Sattva Lake Ridge. The advertised price per sqft is one thing, but then you add PLC, floor rise, amenities charges... it just piles up. I'm honestly not sure if the premium is justified for an under-construction project. From what I saw, the quality looks okay, but it's hard to tell. Did anyone else feel the actual cost was way higher than what they first saw? I'm curious about its 5-year appreciation too. Is it mostly investors or will it be end-users living there?
Haan bhai, this is standard practice now. PLC, floor rise, club house, even car parking, sab alag se add karte hain. For Sattva Lake Ridge, the advertised price was around 6500 per sqft but when I calculated, it was closer to 8000-8200 per sqft with all the hidden charges. This is for an upcoming project, so a bit risky.
Totally agree with you! Mera bhi same experience raha hai. They show one price online and then actual site visit pe it's a completely different ball game. Builders hide so many charges. It's so frustrating for first-time buyers like us.