S
Shubham Bhatia
posted on 17 MayFaridabad investors: What's the real deal with Goyal Luxury Floors' utilities?
₹95 lakh for a 3BHK in Goyal Luxury Floors by Rahul Mangla – I'm looking at it for investment. I work in real estate but buying for myself is different, you know. I've seen builders overpromise on everything. My main concern is long-term tenant satisfaction and minimal maintenance headaches. Are current residents facing constant water supply issues, like tanker dependency? How's the tank capacity really holding up? Also, for resale, things like reliable elevators and a genuinely usable children's play area matter. Is the society's water infrastructure robust, or will it be a continuous expense and complaint point? Any off-the-record insights on these specific aspects would be super helpful.
#faridabad-real-estate#goyal-luxury-floors#investor-advice#water-supply#amenities
Comments
Okay, so there are definitely some big question marks here – the price, the RERA status, and the tiny unit count. On one hand, a small, exclusive project could mean better quality and privacy, which might appeal to high-end tenants. But on the other hand, the risks are amplified. Maintenance costs will be high, and without RERA, accountability is an issue. Faridabad market is slowly picking up, but only for well-established projects. For investment, you need stability. I'd say, tread very carefully. Get all documents scrutinized by a lawyer before even thinking further. What did the original poster find out about the price discrepancy?
Haan, exactly! Original poster, any updates on that 95 lakh price point? Did you get more info?
Regarding the RERA 'Not Applicable' point, sometimes smaller projects, especially those under 500 square meters or with fewer than 8 units, are exempt from RERA registration as per the rules. Since this project has only 4 units, it might technically fall under that exemption. However, as others said, it definitely adds an element of risk for the buyer, especially first-timers. It means less regulatory oversight.
Even if exempt, as a first-time buyer, I'd feel much safer with RERA. It's about accountability.
The project status is 'UPCOMING' and RERA is 'Not Applicable' for a possession date of 2026-04-01? That's really risky, yaar. Without RERA, if there are delays or quality issues, your recourse is very limited. How can they give a possession date so far out without RERA registration? Is this even legal for a new project?
True, RERA is a must. Does Rahul Mangla have any other completed projects with RERA numbers that we can check?
Totally agree with you. My friend booked in an 'upcoming' project without RERA a few years ago, thinking it would be faster. Now it's stuck in legal limbo, and the builder has vanished. He lost his booking amount and his peace of mind. For investment, this is a major gamble. Tenant satisfaction toh door ki baat hai, khud ko possession mil jaaye, wahi bahut badi baat hogi.
Water supply is a big concern in many parts of Faridabad, especially in newer developments or areas like Sector 35 if they're not fully integrated with municipal lines yet. Builders often promise borewells and tankers, but it becomes a nightmare. My cousin bought a flat near Sector 35 a few years back, and they still rely on tankers three times a week during peak summer. Check their water source thoroughly, don't just take their word for it. Try to talk to people living nearby.
Bhai, 95 lakh for a 3BHK in Goyal Luxury Floors? Are you sure about the price? The project data on Propmyna shows the price range as ₹2.7 Cr – ₹2.7 Cr for this project. There's a massive difference. If it's really 95L, it's an absolute steal, but that sounds too good to be true, especially for a 'Luxury Floors' tag. Kya aapko kisi agent ne bataya hai ye price?
Yeah, that price discrepancy is a huge red flag. Also, they only have 4 units total? That's super low. Maintenance charges will be sky-high if split among just four families. Think about that for long-term tenant satisfaction.
Exactly! I was thinking the same thing. 95L for a 3BHK in a new project in Faridabad sounds like a typo. Rahul Mangla ka track record kaisa hai waise, general mein?
₹95 lakh for a 3BHK in Goyal Luxury Floors by Rahul Mangla – I'm looking at it for investment. I work in real estate but buying for myself is different, you know. I've seen builders overpromise on everything. My main concern is long-term tenant satisfaction and minimal maintenance headaches. Are current residents facing constant water supply issues, like tanker dependency? How's the tank capacity really holding up? Also, for resale, things like reliable elevators and a genuinely usable children's play area matter. Is the society's water infrastructure robust, or will it be a continuous expense and complaint point? Any off-the-record insights on these specific aspects would be super helpful.