S
Swati Malhotra
posted on 15 MayEros Sampoornam I: Builder track record ka darr
Eros Sampoornam I — builder ka track record dekh ke darr lagta hai. Everyone glorifies RERA, but is it actually effective when builders default? Yaar, legal options just paper pe hain? Change my mind.
#eros-sampoornam-i#rera-compliance#builder-track-record#legal-risks#first-time-buyer
Comments
It's a tough call, guys. While the 'zero projects' for Evergreen Farms is concerning, sometimes new builders come with fresh ideas and better execution if they're well-funded. But yes, the risk is exponentially higher. Maybe look for projects where construction is already 50-60% complete, even if it means paying a bit more?
Haan U7, you hit the nail on the head. I actually dug into this builder, Evergreen Farms. Unka official record shows ZERO completed projects. Not even one! It's incredibly risky. My friend booked a flat in Alpha I Greater Noida with a relatively new builder and is now stuck for 3 years past possession date. RERA cases chal rahe hain but progress is super slow. It feels like a gamble.
U11, that's the million-dollar question. Banks mostly check if the project is RERA registered and if you qualify for the loan. Their due diligence rarely dives deep into the builder's actual capacity to deliver if they have no past. It's a huge blind spot for us buyers.
Bhai, financial stability kaun batayega? Bank loan dene se pehle thodi due diligence karte hain, but that's for their risk, not ours.
U8, your friend's story is exactly what I'm afraid of. I heard about a similar situation in Alpha II where a builder just abandoned the site. The current market conditions in Noida are already tough with so many delayed projects. Investing in a builder with zero track record for a first home feels like signing up for a lifetime of stress. Is there *any* way to verify their financial stability before booking?
Sahi baat hai, bhai. Maine bhi suna hai ki Evergreen Farms ka koi previous project nahi hai. Is that true? How can RERA approve a builder with zero track record? This is exactly why I'm hesitant to invest in projects in areas like Ajayabpur.
Exactly U9! This is the loophole. RERA is supposed to protect us, but if the builder itself is a shell, what protection do we really have? My agent was pushing Eros Sampoornam hard, saying location is prime, but this track record issue is a huge red flag.
Zero projects? That's insane! How do they even get funding?
Totally agree yaar, RERA sounds good on paper but implementation is the real issue. Mera bhi same darr hai.
Eros Sampoornam I — builder ka track record dekh ke darr lagta hai. Everyone glorifies RERA, but is it actually effective when builders default? Yaar, legal options just paper pe hain? Change my mind.