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Debashish Mukherjee
posted on 4 MayBudget Homes corridor is already overpriced for investment.
Honestly, even after years in real estate, buying my own flat in Chandigarh is making me scratch my head. Specifically, about the 'Budget Homes' corridor. I know builders claim great ROI, but yaar, prices wahaan pehle hi bahut badh gaye hain, right? Lagta hai abhi kaafi expensive ho gaya hai. Kya lagta hai, is it still undervalued for investment ya peaked out ho gaya hai? Kon se sectors ya projects abhi bhi sahi value de rahe hain, ya sab overhyped hai? Not sure if current prices justify future growth potential ya bas hype hai.
#budget-homes#chandigarh-realestate#investment-advice#property-value#roi-chandigarh
Comments
Toh kya karein phir? Wait and watch ya kahin aur dekhein? Dil toh karta hai apna ghar ho!
I think it's not entirely overpriced, but the 'budget' aspect is definitely gone for new bookings. The areas have developed a lot in terms of connectivity and basic amenities. For end-users who need space and don't mind a longer commute, it might still make sense. But for pure investment, the margins are thin now, unless you hold for 7-10 years.
I almost invested in a project in Rasulpur last year, thinking it was a good deal. Luckily, I backed out after seeing the slow pace of construction and RERA delays reported for other projects by the same developers (not naming names, but you know who). Always check the builder's track record, not just the 'potential'. My friend bought a plot in Saini Majra, and even that is struggling to appreciate much. Be very careful with these 'corridors'.
For RERA, check the official state RERA website for Punjab/Chandigarh. They list project registrations, quarterly updates, and complaints. Also, search Propmyna and other forums for specific project names; people usually share ground realities there. Don't rely solely on builder info.
That's a good point about builder track record. How do you actually check RERA delays effectively? Is there a specific website or forum to track project progress reliably? I'm worried about getting stuck with an unfinished project.
Haan bhai, same feeling! Lagta hai sab hype hai, asli value toh dikh nahi rahi.
Totally agree with OP! I've been eyeing properties in New Chandigarh, especially near Mullanpur Garibdass, for a year now, and the prices have shot up like crazy. Builder brochures still show 'launch prices' but on the ground, it's a different story. My budget for a 2BHK is 40-45L, and even for that, options are getting very limited. Is it just me, or are brokers pushing this 'investment potential' too hard?
Growth? Bhai, I heard current rental yields are barely 2-3% in some of these areas. How is that an investment?
Totally relate! My uncle booked a flat in Manimajra two years back, and he got it for a decent price. Now, when I check similar configurations, they are almost 30-40% higher. I feel like we missed the boat completely. The 'Budget Homes' tag just feels like a marketing gimmick now. What kind of growth are they expecting to justify these rates?