AS Luxury Floor in Mohali: My analysis for buyers and investors
Hey Propmyna community, I've been looking closely at AS Luxury Floor in Mohali and wanted to share my analysis, especially for potential buyers and investors. This 3 BHK builder floor project by AS Estate is already completed and ready for possession, which is a huge plus for anyone looking to move in immediately or generate rental income without delay. Priced at 3.40 Cr, translating to ₹16050 per square foot, it's positioned in Sector 26A on Golf Course Road. This location is a definite highlight, known for its excellent connectivity and balancing urban amenities with a quieter, suburban feel. For end-users, this means practical livability and a desirable lifestyle. From an investment perspective, the ready-to-move status means zero construction risk and potential for quicker ROI through rentals. Capital appreciation in established Mohali areas, particularly along Golf Course Road, has shown steady growth. However, the fixed price point means buyers should evaluate current market demand carefully. The RERA status is listed as N/A, which is worth verifying during your due diligence. Overall, if you are targeting a premium, ready-to-occupy property in a well-connected Mohali locale, AS Luxury Floor warrants serious consideration, provided you confirm all regulatory details.
Comments
I'm torn. On one hand, no construction delay is like a dream come true for first-time buyers. On the other hand, the RERA N/A combined with a new builder and high price is making me nervous. Has anyone actually visited the site? What's the build quality like? That could swing the decision for some.
The analysis mentions 'steady growth' for capital appreciation. But with only 4 units in the entire project, resale value might be tricky later on. It's not a large society with established demand. Plus, the current market in Gurgaon is a bit slow for luxury properties; Mohali might not be immune. Maybe waiting a bit could get us a better deal?
The price of 16050 per sqft is definitely premium. For comparison, I saw some good options near Airport Road in Gurgaon recently, not exactly Mohali but still NCR, for less than that with all approvals in place. Mohali market has grown but this is still a top-tier price. Is the builder reputable? That's the main question for me.
Exactly, U7. My cousin faced a similar 'N/A' situation with a builder floor in Baharampur Naya, thinking it was a small project. Later found out it was just a way to bypass regulations. Buyer beware, especially with such a high ticket size. The 'ready-to-move' factor is great, but not at the cost of legal clarity.
Responding to U2's question about RERA N/A: It usually means the project either doesn't fall under RERA (maybe it's an old project completed before RERA implementation, or very small scale) or, more concerningly, it's not registered when it should be. You absolutely need to verify this with a lawyer. Don't rely on 'N/A' as an excuse, it's your money at stake.
AS Estate ke baare mein I've heard mixed reviews, mostly that they are small-scale. Total projects zero also means this could be their first or only big venture. That adds to the risk. For 3.4 Cr, you're buying a brand, not just a property, and this brand is unknown.
I agree with the RERA concerns. For 3.4 Cr, you'd expect everything to be crystal clear. That's a significant investment. My agent keeps pushing me towards properties in Aerocity, saying they offer better appreciation and are fully compliant. This one feels a bit risky without proper RERA registration, even if it's ready.
Bhai, this sounds interesting! Ready-to-move is a huge relief, no more waiting games with builders. 3.4 Cr though, that's a big number for a first-time buyer like me. But Golf Course Road Mohali, location toh next level hai. What are others thinking about this price point?
Exactly my thoughts. RERA status missing is a major red flag for me. My friend almost got stuck with a project in Badshahpur because of similar issues. Builder ka track record bhi check karna padega, AS Estate ke baare mein zyada suna nahi maine. Only 4 units and total projects zero? That's concerning.
Haan yaar, price toh high end hai. But if it's truly ready and in such a prime location, maybe it justifies it? I'm just worried about the RERA N/A part. That's a bit shady, no? Kya matlab hai N/A ka?