Amit Construction 3 in Mohali: My assessment of its resale and investor appeal
Fellow investors, let's look at Amit Construction 3 in Mohali. This project is COMPLETED, which immediately shifts the investment dynamics. The developer, Amit Construction, has a long history since 1992, with experience across various construction sectors, which speaks to their established reputation for quality and precision. With a current price point of ₹2.00 Cr and an average of ₹9440 per sqft, the entry cost is clear. For resale market potential, a completed project means immediate possession and the potential for rental income, offering a quicker Return on Investment compared to under-construction properties. This also contributes positively to secondary market liquidity, as buyers aren't waiting for completion. Regarding price appreciation since launch, without specific historical data, it's challenging to quantify. However, Mohali's growth trajectory generally supports capital appreciation for well-built properties. The builder's established track record suggests a steady value hold. The RERA N/A status is likely due to its completion prior to the act's implementation, given the builder's founding year. My take: Amit Construction 3 offers a stable, ready-to-move investment opportunity. Its completed status provides immediate utility and rental prospects, making it appealing for investors prioritizing current income and established asset value over speculative pre-launch gains. Always do your due diligence on the specific unit.
Comments
So, to sum it up: completed, immediate possession, high price (2 Cr), only 4 units, recent possession date, and a huge question mark on the builder's 'long history' vs 'total projects: 0'. This doesn't feel like a 'stable, ready-to-move investment' anymore. More like a 'high-risk, high-price, unclear history' situation. I guess due diligence is even more critical here. Anyone visited the site or talked to the builder directly about their past projects?
My broker told me Mohali market is definitely growing, especially for ready-to-move properties. The immediate rental income part mentioned in the post is attractive. But 2 Cr for just 4 units in a small project, that too with this 'total projects: 0' confusion, makes it sound very niche and maybe hard to resell later if the builder's reputation isn't clear. What if it's a joint venture with a newer builder?
That's a good point about resale, U9. Liquidity is key for investors, and if the builder's history is murky, future buyers might also be hesitant. For 2 Cr, I'd expect a very clear, established name. Mohali is good, but is this project good enough at this price?
The possession date is listed as 2024-05-01. If it's already completed, why is the possession date so recent? And only 4 units? That's a very small project. Is it more like a villa project or a small apartment complex? This small number of units and the 'completed' status with a very recent possession date makes me wonder if it's truly a 'completed' project in the traditional sense, or just recently got its OC.
I checked Amit Construction's profile on a few other sites, and it shows 'Total projects: 0'. How can a builder with 'long history since 1992' have zero projects listed? Is this some kind of error, or is the original post missing something crucial? This makes me very cautious, especially for a 2 Cr investment.
U4, you hit the nail on the head! I was just about to look that up. The original post is very positive, but this 'Total projects: 0' detail totally changes the picture. For a first-time buyer like me, builder's track record is everything. How can we trust a builder with no verifiable projects?
Haan, I saw that too! This 'Total projects: 0' thing is really confusing. The post says 'long history' and 'experience across various construction sectors' but no projects? Bhai, this is why I'm always nervous about these big investments. My uncle lost a lot of money in a project like this near Baharampur Naya.
Whoa, that's a HUGE red flag! 'Total projects: 0' for a builder active since 1992? This sounds like a classic case of re-branding or a new entity using an old name. We need to verify this properly. Maybe they built commercial projects earlier, not residential? But even then, 'Total projects: 0' is suspicious.
2 crore for a first home in Mohali? Yeh toh budget se bahut upar hai yaar. I was hoping for something around 80-90 lakh. Completed toh achha hai, par itna high price point pe kaise invest karein as first-time buyers?
True, 2 Cr is steep. But completed project ka benefit bhi toh hai. No waiting, no builder delays. I'm looking at properties near Badshahpur and even there, ready-to-move options are not cheap. For Amit Construction, I heard good things about their quality, but this price point is making me nervous.
Exactly! My thoughts exactly. Mohali mein bhi itna price? Gurgaon mein agar Airport Road ke paas bhi dekho toh mil jaata hai kuch decent, but 2 Cr is a serious amount. Rental income ka potential toh hai, but EMI kitni banegi?