CGHS Everest Apartment: Early Investors' Jackpot in New Delhi Resale?
Hey fellow investors, I was looking into the numbers for CGHS Everest Apartment in New Delhi and thought I'd share my analysis on its resale market potential and capital appreciation. Launched at a price point of ₹64.40 Lacs, with an average of ₹11,800 per sqft, this completed 2 BHK project has seen impressive growth. Today, units are commanding prices between ₹2.50 Cr and ₹2.80 Cr, averaging ₹17,900 per sqft. This represents a staggering capital appreciation of over 280% on the lower end of the current price range. Early investors have clearly seen exceptional returns, turning a ₹64.40 Lacs investment into a multi-crore asset. This significant jump indicates strong secondary market liquidity and robust demand in the area. While the per sqft appreciation is around 51%, the overall unit price increase is far more substantial, suggesting either initial pricing was very attractive or significant market shifts occurred. For anyone considering a resale unit here, the historical performance points to a highly desirable asset with proven growth. For current owners, it's a strong hold or a lucrative exit opportunity.
Comments
This thread is making me feel like I was born in the wrong era! All these great deals are from 20-25 years ago. Aaj ke market mein, with interest rates high and property prices already sky-high in New Delhi, it's so hard to find anything that guarantees even a decent 5-10% appreciation annually, let alone 280%. What happened to those early investors? Did they all sell out at ₹2.5 Cr, or are they still holding? I wonder what the actual transacted prices are, not just asking prices.
My uncle had a similar story with a society flat in Anand Vihar. He bought it for peanuts in the late 90s, and now it's easily fetching multi-crores. These society flats, especially in well-established areas of Delhi, have just exploded in value over the past two decades. The key was getting in early and the location. Everest Apartments is also in a good spot near major connectivity. So, the appreciation figures, while shocking, are not unheard of for CGHS projects in prime Delhi localities. But for us first-time buyers, it's just a dream now.
So, the takeaway is: look for CGHS projects? But how do you even find those now as a first-time buyer? Aur kya unmein bhi itna potential hai ab?
This is interesting, but I'm looking at the builder data mentioned by the OP: 'CGHS Group' and 'Total projects: 0'. How can a builder have '0 projects' and still deliver a project like Everest Apartment in 2000? This sounds like a co-operative society project, not a commercial builder. If it's a society, the dynamics are totally different. Society flats often have different pricing and ownership structures. Is this really a builder project, or a CGHS (Co-operative Group Housing Society) project? That makes a huge difference in understanding the initial price and current market value.
Haan, U7 aur U8 sahi bol rahe ho. CGHS usually means Co-operative Group Housing Society. Unka purpose profit-making nahi hota, members ko affordable housing dena hota hai. So, the initial price of ₹64.40 Lacs might be the *resale* price from an early member, not the original allotment price. That would make sense for the 280% appreciation from that point. Original members ka toh shayad 500% se bhi zyada return hoga!
Exactly! That 'Total projects: 0' is a massive red flag if it's supposed to be a commercial builder. If it's a CGHS, then the initial allotment price would have been very low, often subsidized, which explains the insane appreciation percentages. We need to clarify this. Is it a society or a builder's project?
Hold on, are these numbers even real? ₹11,800 se ₹17,900 per sqft is a 51% jump, but a unit price jump of 280%? That means the initial unit size was tiny or something else is at play. Ek 2 BHK ₹64.40 Lacs mein? 2000 mein bhi itna sasta Delhi mein? Thoda doubt ho raha hai. Kya koi actual RERA data ya property document se confirm kar sakta hai?
I think the post is saying the *lower end* of the current price range (₹2.50 Cr) compared to the *initial price* (₹64.40 Lacs) is 280%. The per sqft increase is different. It's confusing for sure. Builder ka naam kya hai, CGHS Group? Unka track record kaisa hai?
Sahi pakde ho! 2000 mein bhi ₹64.40 Lacs mein 2 BHK Delhi mein thoda high lag raha hai, unless it was a very large 2BHK or a prime location. But the appreciation part is possible. Kya pata initial pricing bahut attractive thi, jaise post mein mention kiya hai. Ya fir property size mein kuch difference hai, jaise carpet area ya built-up area mein.
Wow! 280% appreciation? This is exactly the kind of success story I keep hearing about but never seem to catch myself. ₹64 Lacs se ₹2.5 Cr. That's life-changing money. Kya yeh sirf luck hai ya koi formula hai aise deals dhoondhne ka? I'm a first-time buyer aur aise numbers dekh ke toh aur nervous ho jaata hoon ki kahin galat investment na kar doon.
Formula toh nahi hai, but timing aur thoda risk lena padta hai. Plus, location ka bahut role hota hai. Everest Apartments Alaknanda ke paas hai, right? Woh area waise bhi bahut develop hua hai last 20 saalon mein. Par ab toh prices out of reach hain.
Totally agree, bhai! Aise returns toh sapne mein aate hain. Hum jaise log toh bas EMI calculate karte reh jaate hain. Kaash hum bhi early investors hote.