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Ayush Dwivedi
Ashley Estate Floors 3 is a liquidity trap
Did a site visit to Ashley Estate Floors 3 last weekend. Honestly, for a completed project, its resale market seems quite thin. Everyone talks about Sohna's growth, but the actual transaction data doesn't scream liquidity. I'm seeing way too many investor-owned units just sitting there. What's the real ground reality for a quick exit strategy here? Is the investor ratio just too high, making it a ghost society in disguise? I mean, at ₹4.70 Cr, is the price per sqft justified if the secondary market isn't active? Change my mind.
#sohna#ashley-estate#resale-market#investor-perspective#liquidity
Comments
The possession date was December 2023, right? Has anyone actually moved into Ashley Estate Floors 3? I mean, is it really a 'ghost society' or just still in the initial moving-in phase? What's the ground reality for someone looking to actually live there?
Makes sense. For 4.7 Cr, you'd expect a buzzing community, not an empty shell. The price for just 4 units seems too much of a gamble.
Wow, that's concerning. So, you're saying it's mostly empty even after possession? Did you physically go inside or just see from outside?
Yes, possession was indeed Dec 2023, but from what I've heard and seen during my own visits to the area looking for properties, very few families have actually moved in. It does feel quite deserted, especially considering it's a completed project. Most of these smaller projects with high price points and limited units often attract investors, not end-users, leading to this 'ghost society' vibe. The current Gurugram market conditions, especially for high-ticket items outside prime areas like Airport Road, need genuine end-user demand to thrive, which is missing here.
My friend bought a floor in a similar project nearby in Sohna almost 2 years back. Now he wants to upgrade, but he's really struggling to find a buyer. The offers he's getting are way below his expectation, or sometimes no offers at all. This 'liquidity trap' point is very real, guys.
₹4.70 Cr for Sohna? That sounds super steep, especially if it's true about the liquidity issues. Plus, I noticed on some sites ki iska RERA number bhi 'Not Applicable' dikha raha hai. Is that a red flag or normal for some projects?
Exactly! Sohna is growing, but 4.7 Cr is a lot. Even in areas closer to the main city, like Badshahpur, you can find better options with more established communities.
U3, about the RERA number, it's 'Not Applicable' because the project, Ashley Estate Floors 3, has only 4 units. RERA registration is typically mandatory for projects with more than 8 units or land area over 500 sq. meters. So, technically, it's not a 'red flag' in the legal sense, but it does mean less regulatory oversight. For a first-time buyer like us, that's something to consider when making such a big investment, especially with only 4 units, liquidity will always be a concern.
Totally agree with you, bhai. I've been eyeing properties in Sohna too, and Ashley Estate Floors 3 ka naam sunke laga tha accha hoga, but the price tag for a place with no real demand feels like a big risk. My budget is tight, so I can't afford to get stuck.
Did a site visit to Ashley Estate Floors 3 last weekend. Honestly, for a completed project, its resale market seems quite thin. Everyone talks about Sohna's growth, but the actual transaction data doesn't scream liquidity. I'm seeing way too many investor-owned units just sitting there. What's the real ground reality for a quick exit strategy here? Is the investor ratio just too high, making it a ghost society in disguise? I mean, at ₹4.70 Cr, is the price per sqft justified if the secondary market isn't active? Change my mind.