Builder appreciation claims are usually inflated.
15% capital appreciation is what Sattva Aqua Vista sales reps claim. But I found a trick to check their past RERA filings for delivery delays. Is ₹2.88 Cr justified for this? What's the real investor ROI, considering the under-construction risk?
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Honestly, 15% appreciation is a marketing gimmick. Especially for a project like Sattva Aqua Vista where the price range is so narrow, ₹2.9 Cr, it implies they're trying to push sales at a premium. The market isn't that hot right now to guarantee such returns on an under-construction property. Focus on the actual build quality and location, not just projected gains.
This is exactly why I'm stuck. My parents want me to buy something new, but these appreciation claims feel like a trap. ₹2.88 Cr is my entire life savings plus a big loan. How do you even calculate real investor ROI when there are so many hidden costs and potential delays? Is there a formula or a thumb rule for this?
U9, I totally feel you. The 'real investor ROI' is basically (selling price - buying price - total interest paid - maintenance - taxes) / buying price. And with under-construction, you're paying EMIs without living in it, so that's a huge burden. I'd say, unless you're absolutely sure about the builder's reputation for timely delivery, be very cautious. What's the total number of units, 181? That's not too big, could be a good thing.
U9, there's no magic formula, but a good rule of thumb is to be conservative. Assume 5-7% appreciation for a good project in a good location annually, not 15%. Also, factor in 1-2 years of delay as a worst-case scenario. That extra rent and EMI for delayed possession eats into your ROI big time. Don't forget registration, stamp duty, interior costs, which easily add another 10-15% on top of the base price. So ₹2.88 Cr is just the starting point.
Investor ROI is a tricky thing with under-construction. You're blocking a huge sum for years. The 15% appreciation they claim needs to beat inflation, loan interest, and opportunity cost. For ₹2.9 Cr, I'd rather look at resale properties in established areas like Adigara Kallahalli where you know what you're getting. The 'new project' shine can be misleading.
The OP has a good point about checking RERA filings for delays. I've heard builders often push back dates, and that kills any 'appreciation'. For ₹2.88 Cr, I expect solid delivery, not just promises. Are there any other projects in that price range with a better track record or closer to completion? I'm also worried about the under-construction risk.
I'm looking at something similar in Akshayanagar, and the price per sqft there is slightly lower for ready-to-move. So paying ₹2.88 Cr for something still under construction with a potential delay risk, and then expecting 15% appreciation? That sounds like a dream, not reality in today's Bengaluru market. Interest rates are also a factor to consider for ROI.
U5, you're right to be worried. My agent keeps pushing this project, saying it's a 'hot deal'. But when I asked about their past projects' delivery timelines, he just changed the topic. It's a huge investment, 181 units is a decent size, but what if they spread themselves too thin? I need more concrete proof of their delivery capability. Any older projects by Sattva we can check?
Bhai, totally agree! This 15% appreciation claim is standard builder talk. They always overpromise. I'm looking at Sattva Aqua Vista too, and ₹2.88 Cr for an under-construction project, that too with a 2024-12-01 possession date, seems steep. My friend got burned badly in a project near Aavalahalli where possession got delayed by 3 years. What's the actual ground reality for this project, has anyone visited?
U1, you're spot on about Aavalahalli! My cousin faced similar issues there. I checked the RERA for Sattva Aqua Vista, PRM/KA/RERA/1251/310/PR/120522/004879. The initial possession date was earlier, I think, but it got revised. This is why I'm so nervous. How can we trust the 15% when the delivery itself is shaky?
Visited last month, U1. The site is moving, but not at a super fast pace. They showed me the model flat, very nice, but construction progress feels a bit slow for a December 2024 deadline. And yes, ₹2.88 Cr is a big number for first-time buyers like us. What kind of appreciation did your friend actually see after the delay?