S
Shiv Kumar
posted on 17 MayAffordable Housing Projects price trend: Your take?
Last two years, I've been tracking property in Delhi. Honestly, the prices in the 'Affordable Housing Projects' corridor have just shot up. My budget is tight and I'm wondering if this is the right time to buy. Should I wait for a correction, ya yehi naya normal hai? Kya lagta hai, buy karu abhi ya hold karu?
#affordable-housing#new-delhi#price-trend#first-home#investment-decision
Comments
Ultimately, it's a personal call. If you have a stable job and can manage the EMI comfortably, buying now might save you from higher prices later, because the Delhi market doesn't see big corrections easily, it's more about steady appreciation. But if your budget is stretched to the absolute max, maybe wait a bit, save more, and avoid unnecessary financial stress. Don't buy just because of FOMO; your peace of mind is also important. Research the builder's track record thoroughly.
So what did the original poster decide then? Did you buy or are you still holding?
My main worry isn't just the price, it's the possession dates. My friend booked a flat near Aram Bagh three years ago, and still no sign of completion. Builder keeps delaying, and he's stuck paying rent and EMI both. How do we ensure we don't get stuck with a project that never finishes or gets delayed indefinitely?
U9, that's a valid concern. RERA is supposed to protect buyers, but enforcement can be slow. Always check the project's RERA registration details and look for their quarterly progress reports online. And if possible, try to find projects that are already 70-80% complete. Less risk of major delays there.
Anyone checked RERA data for new projects? What's the average price per sqft for these so-called affordable projects?
Haan, I checked. For EWS/LIG category in Dwarka Extension, it's around 4500-5000 per sqft. But for 'affordable' projects in other zones, especially well-connected ones, it's easily hitting 6000-8000 now. It's getting really tough to find anything below that range.
I was looking at a 2BHK in Anand Vihar last year, it was 60L. Now the same configuration is pushing 75L! Yeh correction toh door ki baat hai, lagta hai aur badhega. Builders are saying demand is just too high, especially for ready-to-move-in. It's a tough call for sure, especially with limited options in the 'affordable' bracket.
Sahi keh rahe ho, U5. But 2008 was different, that was more speculative. Abhi ki demand is genuine, driven by end-users and families looking for a home, not just investors. Plus, government's push for housing means prices won't drop drastically. I booked a small flat in Alaknanda in 2020, and it's appreciated almost 30% already. Don't compare it to past bubbles blindly.
75L for Anand Vihar? That's insane! But what if the market crashes like 2008? Is it really worth the risk to rush into something so expensive?
Last two years, I've been tracking property in Delhi. Honestly, the prices in the 'Affordable Housing Projects' corridor have just shot up. My budget is tight and I'm wondering if this is the right time to buy. Should I wait for a correction, ya yehi naya normal hai? Kya lagta hai, buy karu abhi ya hold karu?
Dekho, 'correction' ka wait karte rahoge toh shayad aur mehnga ho jayega. Interest rates bhi upar jaa rahe hain. Agar budget allow karta hai, toh le lo. Delaying might cost more later, that's what my financial advisor told me.
Bhai, totally feel you! Same boat, prices just keep climbing. It's so frustrating for first-time buyers.