Y
Yash Kapoor
Are PR-7 properties already massively overpriced for buyers?
Been renting in Sector 24C for four years and landlord raised rent again, so finally taking the plunge. Everyone glorifies PR-7 Airport Ring Road and GMADA Medicity, but nobody talks about how builders like Sushma Group have already priced in ten years of hype. EMI vs rent math is completely crazy right now. ₹1.8 Cr for a 3BHK around the peripheral corridors makes no sense. Ye genuine growth nahi, pure speculative bubble hai. Disagree? Tell me why.
#pr-7-road#sector-24c#emi-vs-rent#chandigarh-infra#property-pricing
Comments
Aapne bilkul theek bola, stretching beyond budget will only cause anxiety. By the way, original poster bhai, did you finally decide to pause your search or are you checking other sectors now?
Ek balanced view lena padega yahan par. Hype definitely hai aur rates overstretched lag rahe hain, but Chandigarh land locked hone ki wajah se peripheral belt par hi demand aani hai. Agar 1.8 Cr afford nahi ho raha toh maybe stick to 2BHK ya thoda established area like Manimajra me resale options dekho jahan rent-to-EMI gap itna aggressive nahi hai. End of the day, peace of mind over-leveraged hone se zyada important hai.
Someone suggested looking near Rasulpur or slightly off the main road to save around 30-40 lakhs. Has anyone actually visited those inner pockets? Are basic civic amenities like water supply and sewage lines sorted there yet?
I checked those pockets near Rasulpur last month only. Price is definitely 30% lower compared to the main corridor, but roads are narrow and municipal water connection is still pending in many layouts. Tanker par depend rehna padega initial years me.
Bhai pure speculative bubble lag raha hai mujhe bhi. Sushma and a couple of other big players are selling future dreams, but possession timeline ka koi bharosa nahi hota. My colleague booked a 3BHK in an under-construction tower two years ago thinking 2024 end tak shift ho jayega, but abhi tak basic plastering bhi complete nahi hui. Upar se bank interest chalu ho gaya aur rent alag se ja raha hai. This dual burden of pre-EMI plus rent is my biggest nightmare honestly. What if market corrects 10-15% after we buy at the peak?
Sahi baat hai, especially jab construction delay ho jaye. Agar builder ne 2 saal latka diya toh sara budget crash ho jayega.
Yehi sabse bada dar hai yaar. Log bolte hain Chandigarh peripheral kabhi down nahi jata, but salary thodi na us speed se badh rahi hai.
PR-7 Airport Ring Road par hype toh real hai, but what about the actual ground reality right now? Is the road connectivity to the airport side fully functional without traffic bottlenecks during peak office hours?
Meri family ne toh PR-7 chhod kar New Chandigarh side dekhna shuru kiya tha, but even near Mullanpur Garibdass rates are skyrocketing. Ek broker ne kal 1.6 Cr quote kiya under-construction flat ke liye. Agar har jagah yahi rate chal raha hai toh hum middle class log kahan jayein, wait karein ya risk le lein?
Airport stretch is wide, but peak hours me Zirakpur intersection aur light points par abhi bhi bottleneck banta hai. Main daily commute karta hoon, 25 minutes extra lagte hain.
Sach bolun toh dil ki baat keh di aapne! Sector 24C se seedha 1.8 Cr ka jump dekh kar mujhe bhi chakkar aa rahe hain. Hum first-time buyers itna loan leke puri zindagi EMI me nikaal dein kya?
Maine toh calculator lagaya tha kal raat ko. 1.5 Cr loan means almost 1.3 lakh monthly EMI for 20 years! Rental yield yahan barely 2.5% hai, fir itna high demand create kaun kar raha hai?
Exactly bhai, my budget was strictly 75 lakhs when I started looking six months back. Ab PR-7 par har broker bolta hai madam 1 Cr se neeche kuch dhang ka nahi milega. Aise rate sunke toh confidence hi toot jata hai.