I'm in Dubai for DLF Siris Estate. ₹6.5 Cr+ for ongoing project delivery is big risk. DLF's track record isn't great. Resale market liquidity? Change my mind.
DLF Siris Estate by DLF Ltd. in DLF Phase 3 offers 4 BHK Independent Floor from ₹6.54 Cr, 4 BHK Apartment from ₹8.93 Cr. The project spans 1.24 acres with 48 units across 1 towers, and features Tennis Court, Sauna Bath, Spa, Swimming Pool, Landscaping & Tree Planting, and more — making it one of Gurugram's most sought-after addresses.
The average price per sq.ft at DLF Siris Estate in DLF Phase 3 is ₹12.9K/sq.ft. The project has seen appreciation of -83.9% making it an attractive entry point. Prices start from ₹6.5 Cr for 4 BHK Independent Floor from ₹6.54 Cr, 4 BHK Apartment from ₹8.93 Cr.
You can verify DLF Siris Estate on the state RERA portal using registration number RERA-GRG-PROJ-757- 2020. Additionally, review the approved building plan, encumbrance certificate, and title deed with a property lawyer before booking.
Being RERA-registered (number: RERA-GRG-PROJ-757- 2020), DLF Siris Estate by DLF Ltd. is legally bound to deliver on the committed date. In case of delays, buyers are entitled to compensation. DLF Ltd. has a strong reputation for on-time delivery.
DLF Siris Estate by DLF Ltd. incorporates eco-friendly features across its 1.24 acres development in DLF Phase 3. The project's amenities include Tennis Court, Sauna Bath, Spa, Swimming Pool, Landscaping & Tree Planting, and more along with rainwater harvesting, waste management, and energy-efficient building standards.
Comments
The OP's point about resale liquidity is very valid, especially for such a high-value, niche project. If you need to sell quickly for any reason, finding a buyer who appreciates the 'exclusivity' and is willing to pay a premium might be tough. I'd be worried about my investment getting locked.
I understand the skepticism, but let's look at it from another angle. DLF's high-end properties, once delivered, do tend to appreciate well and hold their value. The 48 units mean it's an exclusive community, which can be a plus for a certain buyer profile. However, the ₹6.5 Cr+ for an ongoing project with a 2024-10-01 possession date is indeed a significant commitment. Has anyone visited the site recently to check actual construction progress? Are there any clear milestones being met?
For that price point and uncertainty, I'd rather explore ready-to-move options. You could get some really good independent floors or villas in established sectors or even areas like Badshahpur for a similar budget, with immediate possession. Why pay for a promise when you can pay for a reality?
Sahi baat hai, drone footage se toh puri picture clear nahi hoti. On-ground visit hi best hai. But still, the risk remains.
U4, exclusivity is a double-edged sword. Less supply means potentially higher value, but also a smaller pool of buyers when you want to sell. As for construction, I saw some recent drone footage online, it looked decent but not 'on track for Oct 2024' decent. Still a lot to do.
But Siris Estate is supposed to be a very premium offering, right? DLF usually reserves its best for these high-end projects. Maybe it's a different division or a new focus on timely delivery for this segment?
My friend had a similar experience with a DLF project near Airport Road (Gurgaon side). They promised possession in 2019, got it in mid-2021. Two years of paying rent and EMI is no joke. For ₹6.5 Cr+, you expect absolute certainty, not a 'hope for the best' situation. The OP is right to be concerned about liquidity too.
That's my biggest fear as a first-timer. The Gurugram real estate market is definitely hot right now, especially for luxury properties, but that doesn't mean builders are suddenly efficient. If the project gets delayed, the 'hot market' might cool down by then, impacting resale value and liquidity. It's a double whammy.
Airport Road pe toh bahut projects late hue hain, not just DLF. But for a first-time buyer, this kind of delay is very stressful.
Totally agree with the original post. ₹6.5 Cr for an ongoing project by DLF? That's a massive gamble. Their track record for timely delivery, especially in Gurgaon, isn't exactly stellar. My cousin got stuck with a delayed project from them near Golf Course Road a few years back, and it was a nightmare of EMIs and no possession. Siris Estate might be premium, but the risk for a first-time buyer like me feels way too high. Is the exclusivity of 48 units even a good thing for future resale?
U7, the official RERA number is RERA-GRG-PROJ-757- 2020. And the possession date is listed as 2024-10-01. But like U1 mentioned, sticking to those dates is the real challenge. I've heard mixed reviews on current construction speed.
Exactly! I'm also looking in that range and DLF Siris Estate came up. The price is just eye-watering for something not even ready. What's the official RERA possession date for this project? And is the construction actually moving at a good pace or is it just stuck?
Haan bhai, same feeling. DLF ka naam sunke pehle toh lagta hai achha hai, but ground reality alag hoti hai. Delivery delays are a real pain point.