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Debashish Banerjee
posted on 16 MayConfused about payment plans for my 3BHK upgrade
I'm upgrading my 2BHK to a 3BHK in TechZone IV. With an existing loan, is construction-linked payment smarter for Elixir? Or a hidden charge trap?
#payment-plan#hidden-charges#noida-extension#3bhk#elixir
Comments
Dekho bhai, construction-linked plans are good if the builder is reputable and has a clean record of timely delivery. It helps spread out the payments, which is great for budget-conscious buyers. But with an existing loan, any delay will hit your finances hard. Get all commitments in writing, especially the penalty clauses for delays, and verify their RERA standing.
Mere saath hua hai ye. Ajayabpur mein ek project liya tha, construction-linked tha. Builder ne 2 saal tak basement ka kaam hi complete nahi kiya aur bank EMI chalu ho gayi. Ab toh penalty bhi nahi lagti unpe easily, RERA ne rules tight kiye hain but implementation mein time lagta hai. Existing loan ke saath aur pressure ho jayega, I literally felt trapped.
Current market conditions mein Noida mein rates thode stable hain, but TechZone IV mein supply bhi kaafi hai. Construction-linked mein builder ke financial health ka pata lagana zaroori hai. Kahin aapko interest + rent dono na bharna pade, especially with your existing loan. That's a huge financial strain.
TechZone IV mein Elixir toh achha location hai, connectivity bhi badhiya hai. But construction-linked payment mein darr toh lagta hai, khaas kar first-time buyer ko. Meri cousin ne Alistonia Estate mein liya tha, wahan builder ne phase-wise payment manga, woh bhi completion ke hisaab se. Elixir ka payment milestone kya hai? Builder ka track record check kiya kya?
U8, down payment plan mein EMI burden immediately high ho jaati hai. Construction linked mein thodi relief milti hai initially, but delay ka risk hai. If builder reliable hai, CLP is good, but with an existing loan, any delay is a nightmare.
Elixir ke payment milestones usually slab completion, plaster, flooring, plumbing, electrical ke stages par hote hain. Problem tab aati hai jab builder ek stage ko bahot lamba khinchta hai aur aapko bank se EMI bharni padti hai bina progress ke. Try to negotiate a higher percentage at possession or after OC, otherwise you'll be stuck paying for a non-existent home.
Track record mixed hai yaar. Kuch projects time pe diye hain, kuch mein delays hain. RERA website pe complaints bhi hain, especially for their project near Alpha II.
Elixir? Bhai, unka construction-linked plan kaafi tricky hota hai. Pehle toh dates miss karte hain, phir interest charge karte hain. Dhyaan se dekhna agreement, especially agar existing loan hai, double burden padega.
Toh phir kya option hai? Down payment plan better hai kya?
Sahi kaha, mere ek dost ne Alpha I Greater Noida mein unka ek project liya tha, same issue. Possession 1 saal late hua.