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Deepika Agarwal
Completely stuck with absurd SPR prices, wait or buy?
Okay I'll be honest, I completely misjudged how crazy the market has gotten here. Kids have moved out and we don't need such a big place anymore, so resale of existing property karke I wanted a compact, manageable flat with a lift and hospital nearby. Looked around Nirvana Country and Southern Peripheral Road, but pricing in the last 1.5 years is just absurd. Sahi mein, brokers are quoting almost ₹14,000 per sqft for average societies... actually wait, some are demanding even higher maintenance on top of it. Has anyone bought recently on SPR, or is it better to wait?
#southern-peripheral-road#price-trend#nirvana-country#resale-flat
Comments
Did you check anything further this week OP, or are you holding off for a few months? Market sentiment dekh ke mera khud ka decision lene ka courage khatam ho gaya hai, har broker alag kahani batata hai.
Aapne Airport Road (Gurgaon side) check kiya kya? Someone told me connectitivity to hospitals from that stretch is quite good and prices are slightly less crazy than core SPR.
Maine recently Baliawas ke paas aur SPR ke edge pe flats dekhe the for my parents. Ek society mein ground floor unit thi, hospital bhi paas mein tha, but maintenance charges quoted were 12,000 per month! Hum middle class logon ke liye ye white elephant ban jata hai post retirement. Has anyone checked older societies near Golf Course Extension instead of shiny new towers on SPR?
True, older societies come with hidden costs. Humne ek purani society mein flat shortlist kiya tha, but lift was constantly breaking down and no power backup for ACs. Phir laga naye project mein high maintenance dekar peace of mind lena better hai ya nahi, but 14k on SPR is pure extortion.
Older societies are slightly cheaper around 11k-12k per sqft, but unme major seepage and parking issues hain. Ek uncle ne 1998 build society mein flat liya tha near Sector 56, ab bol rahe hain renovation mein hi 15 lakh lag gaye. Isliye I feel SPR ke newer developments feel safer on paper, chahe price absurd hi kyu na ho.
Honestly mujhe lagta hai wait karna chahiye. What if Gurugram market undergoes a price correction next year?
Wahi toh dar hai. But problem ye hai ki basic calculation hi match nahi ho rahi. With 9% home loan interest, plus maintenance of 4-5 rupees per sqft, monthly payout humare jaise salaried logon ke liye trap ban jata hai. Dil kehta hai le lo, dimaag kehta hai ruk jao.
Correction ka wait karte karte meri toh EMI dene ki age nikal jayegi lol. My colleague waited since 2021 thinking bubble burst hoga, and today the same flat is double the price. Agar budget allow karta hai toh compact unit le lo, because waiting has only increased FOMO and cost for people like us.
14k per sqft on SPR? Bhai main toh sunkar hi nervous ho gaya hu. Hum pichle 6 mahine se 2BHK dekh rahe hain aur har Sunday broker naya price quote karta hai. Sahi mein itna stretch karna safe hai kya first-time buyer ke liye?
Maine toh panic mein aake almost token de diya tha Sector 70 mein. But Badshahpur crossing ka daily traffic jam dekh kar back out kar liya, upar se 45-50 lakh ka home loan alag tension deta hai.
Safe toh bilkul nahi lag raha yaar. Humne last month Badshahpur side thoda explore kiya tha thinking thoda sasta hoga, par waha bhi rates sky-rocket ho chuke hain. Ek broker bol raha tha wait karoge toh 16k ho jayega, ab samajh nahi aa raha panic mein buy karein ya ruk jayein.
Did you check anything on the Airport Road (Gurgaon side) belt as an alternative? I am in the exact same boat with elderly parents and zero courage to commit to these peak prices. Sab log bolte hain real estate never crashes, but buying at 14k on SPR feels like jumping off a cliff. What did your family finally decide to do, are you putting the search on hold or looking at other pockets?
I visited a site near Baliawas last weekend thinking outskirts might be slightly cheaper. But even fringe areas are quoting insane numbers now, saying connectivity to Cyber City and Faridabad is great. My parents are retired and we just wanted a calm society with good security, par rate sunke chakkar aa gaya. I am seriously wondering if waiting 6 to 8 months will bring any correction, or will it just get worse?
Correction toh tab aayegi jab demand dry up hogi, but NRI money and resale investors are continuously pumping cash into Gurgaon. If you wait, you risk price hikes, but if you buy at peak, you risk getting trapped. Bahut confusing situation hai, no clear answer anywhere.
Are these high maintenance charges you mentioned justified, or is it another hidden trap? Because a broker quoted me 4.5 rupees per sqft for an average project on SPR and that adds up to almost 10k monthly just for maintenance!
That 4.5 per sqft is actually real, in fact some newer societies are charging 5.5 plus GST because of 24/7 power backup and heavy diesel generator running costs during summer. Main ek society mein maintenance bill dekh ke shocked ho gaya tha. It completely messes up your monthly calculation alongside EMI.
Honestly feeling so stuck. Meri family bol rahi hai le lo loan stretch karke, but EMI will eat up 55 percent of our monthly income. If the market corrects even slightly, we will be stuck with huge negative equity. But what if prices never come down?
Brokers always use FOMO tactic. But looking at Golf Course Extension and SPR supply, big builders are only launching luxury units worth 4 Cr plus. Middle class first-time buyer kahan jaye?
Agar 55 percent salary EMI mein jayegi, please don't take that risk. Main bhi same confusion mein tha last quarter. A broker dragged me all the way towards Baharampur Naya showing affordable options, but the access roads and basic infra looked so scary for a family. Phir socha rent pe hi reh lete hain thoda time jab tak picture clear na ho.
14k per sqft on SPR? Bhai yeh sunke hi meri anxiety badh gayi! We have been looking for our first home for 6 months and every time we shortlist a sector, price jumps by another 10 to 15 percent. Ek simple 2BHK lene mein saari savings chali jayegi. Is anyone genuinely getting deals under 11k there right now?
Haan bilkul, genuine buyers like us are completely priced out. One broker told me if I wait till Diwali, prices will touch 16k because of cloverleaf and metro extensions talk. I honestly could not sleep that night worrying if I am missing the bus forever.
Bhai 11k toh bhool jao. Last month I checked two societies near Badshahpur drain side on SPR, even those older towers were quoting 12.5k minimum. I panicked and backed out because bank loan eligibility was falling short. The market is completely driven by investor hype right now.