A
Archana Jain
Completed luxury floors in S57 are tempting, but their ROI claims are often inflated.
Paramount Luxury Floors Sector 57 looks good, but I'm really worried about actual ROI. I'm currently in a 2BHK, thinking of upgrading to a 3BHK here. Builder ka track record on delivery for their other projects kaisa hai? RERA status clear hai na, koi hidden issues toh nahi? For 2 Cr+ properties, carpet area ratio sahi milta hai kya? Yaar, is the price jump worth it for investment, given my existing home loan? Kya expect kar sakte hain rental yield?
#investor#gurgaon-real-estate#luxury-floors#sector-57#paramount
Comments
I agree with U9. For 2 Cr+, you are entering a segment where appreciation can be slow. Rental yields for luxury are typically lower compared to mid-segment properties. The 'luxury' tag sometimes just inflates the initial price without guaranteeing proportional returns. Since it's completed, you can definitely negotiate hard on the price. Don't take the first offer.
ROI for luxury floors in Gurgaon is tricky, especially post-pandemic. The market is competitive. Instead of just upgrading, have you considered other areas? Like maybe something a bit further out, say near Basai, where you might get a bigger plot or a villa for a similar price, potentially with better appreciation prospects in the long run? Just a thought, for 2 Cr you have options.
Dekho, Paramount ke projects generally time pe deliver ho jaate hain. Mera ek dost rehta hai Airport Road side, usne bhi Paramount ka hi project liya tha, no major issues. Since this one is already COMPLETED (possession date 2022-04-01), RERA ka issue utna bada nahi hona chahiye, as the physical asset is there. You can actually go and see the flat before buying. But haan, price range (2.1 Cr – 5.0 Cr) is steep, rental yield will depend on how many corporate tenants are looking in S57.
Sahi keh rahe ho. Completed project ka benefit hai ki you see what you get. But the price point is a major factor. If you're upgrading from a 2BHK, calculate the EMI difference very carefully. Sometimes, the 'luxury' tag just means higher maintenance charges later on. Carpet area ka bhi confirm kar lena builder se, unki website pe usually super area hi mention hota hai.
Quality is key! My cousin bought a 'luxury' apartment in Baharampur Naya, builder ne finishing mein itna compromise kiya ki usko khud se bahut renovation karana pada. Make sure you get a proper inspection done. 3-4% rental yield is okay, but not for a 2 Cr+ property if ROI is your main goal. Gurugram market mein abhi rentals stable hain but appreciation has slowed down a bit for luxury segment.
This is a good point about it being completed. At least no delivery risk. But still, what about the quality? Ek baar property dekhne jaao toh andar ka finish aur fittings check karna. Luxury ke naam pe they sometimes cut corners inside. Aur rental yield S57 mein 3-4% se zyada expect mat karna, unless it's fully furnished and ready to move in for expats.
Bhai, ROI ke chakkar mein mat padho. Luxury floors in S57 are more about lifestyle than investment, especially for a first-time buyer like us. 2 Cr+ mein toh loan ka interest hi kha jaayega saara profit. RERA not applicable dikha raha hai, that's a bit concerning for a completed project. Builder ka delivery record ka pata karna bahut zaroori hai.
Haan, RERA Not Applicable means it was completed before RERA fully kicked in, or it's a plot project. But still, for luxury floors, you'd expect full transparency. ROI in luxury properties is usually slower unless you get a very prime location. Think about your existing home loan, it's a big commitment to take on another one.
Exactly! RERA Not Applicable is a red flag for me. Even if it's completed, it just feels less transparent. My brother booked a flat in Badshahpur jahan builder ne RERA delay kiya tha, bahut pareshaan hua. Carpet area ka toh scene hi alag hai, they always quote super area.
Paramount Luxury Floors Sector 57 looks good, but I'm really worried about actual ROI. I'm currently in a 2BHK, thinking of upgrading to a 3BHK here. Builder ka track record on delivery for their other projects kaisa hai? RERA status clear hai na, koi hidden issues toh nahi? For 2 Cr+ properties, carpet area ratio sahi milta hai kya? Yaar, is the price jump worth it for investment, given my existing home loan? Kya expect kar sakte hain rental yield?