Central Park Flamingo Floors delivery tension
Central Park Flamingo Floors – is project ka delivery track record dekh ke tension ho rahi hai. I'm in real estate, but for my own investment, builder delays hit hard. Mera booking amount stuck hai, ROI pe effect. Anyone else facing Central Park's slow pace? Kya karein to push for faster possession? How's capital appreciation impacted?
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While delays are concerning, we also need to consider the current market. Construction costs have gone up significantly, labor shortages bhi hai. Builders often pass on these costs or slow down. But yes, for a project in the 1.4 Cr – 3.3 Cr range, this level of delay is unacceptable. Has anyone tried talking to their sales team recently? What's their latest excuse or revised date for possession?
My experience with another builder near Basai was similar. They promised possession by 2021, aur abhi tak fittings ka kaam chal raha hai. Mera to interest cost itna badh gaya hai ki ROI ka sochna bhi mushkil hai. Builders ko RERA penalties ka dar nahi lagta kya? Is there a group of buyers from Flamingo Floors who are planning to take this up collectively? That's usually the only way to get builder attention.
Group banana is a good idea. I'm in if someone initiates it. Mera loan EMI bhi start ho gaya hai and no sign of possession. It's a huge financial burden.
U7, you're right. Collective action is key. I haven't heard of any formal group for Flamingo Floors yet, but it's a good idea. RERA penalties are often too small to deter big builders, and the legal process is long. It's a tough spot for first-time buyers like us.
This is a common issue with many builders in Gurugram, especially post-COVID. The initial possession date for Flamingo Floors was 2022-06-01, which is almost two years ago. With 470 units, imagine kitne logon ka paisa block hai. Airport Road (Gurgaon side) ke properties mein usually appreciation achhi hoti hai, but delays kill that momentum.
Yes, U8, price range is still broadly the same. But the 'ongoing' status feels more like 'stalled' sometimes. The market sentiment for projects with delays definitely takes a hit, even if the location is good like near Airport Road. The premium tag doesn't justify the wait.
June 2022 was the date? Wow, that's a massive delay. No wonder people are worried. What about the price range, is it still 1.4 Cr – 3.3 Cr for an ongoing project with such delays?
Exactly! U5 ne sahi point pakda. The RERA number is 95, and the promised possession was June 2022. Ab toh March 2024 chal raha hai. Yeh builder penalty bhi theek se nahi deta. My friend booked in another Central Park project near Badshahpur and faced similar issues. They eventually got possession, but after a huge delay and a lot of follow-ups.
Haan, bilkul sahi kaha. Central Park ka naam sunke toh lagta tha premium hai, but delivery mein toh sab bekar hai. Investors ka paisa aise fasana galat hai.
Central Park Flamingo Floors, yaar, is project ka delivery track record dekh ke na, sachi mein tension ho rahi hai. Main khud real estate mein hoon, but jab apni investment ki baat aati hai toh builder delays bahut chubhte hain. Mera booking amount stuck hai, ROI pe sidha effect pad raha hai. Koi aur bhi Central Park ki iss slow pace se pareshan hai kya? Kya karein to push for faster possession? Aur capital appreciation pe iska kya asar ho raha hai?
Same here! It's so frustrating to see no progress.
Bhai, totally feel you! Meri bhi booking hai wahan. Mujhe toh lagta hai they are just dragging their feet. Last communication mein bhi koi solid update nahi tha. RERA possession date toh kab ki nikal gayi, right? What's the latest on that?