M
Maya Deshmukh
posted on 25 MayFaridabad project quality is a gamble, not an investment.
Visited Goyal Luxury Floors By Rahul Mangla last week and it looked decent on the surface. But I'm looking at it for investment, not immediate living, so construction quality is super important. My parents always say, 'sasti cheez do baar khareedni padti hai'. I'm worried about long-term issues like seepage ya cracks affecting resale value and tenant attraction. Also, what about maintenance charges? Builder ke promises versus actual service quality, is it value for money? Will decent amenities justify premium pricing or just add to costs?
#faridabad-real-estate#goyal-luxury-floors#investor-advice#construction-quality#maintenance-charges
Comments
It seems the general consensus is caution, and I agree. While the idea of 'Luxury Floors' sounds appealing, the lack of RERA, the small unit count, and the high price point for an UPCOMING project by Rahul Mangla are significant risks. For investment, stability and clear legal standing are paramount. Maybe consider properties in more established sectors with proven track records if your primary goal is investment and resale value.
₹2.7 Cr for an 'UPCOMING' project with only 4 units and no RERA? Bhai, this sounds like a massive premium for something that's barely off the ground. The Faridabad market, though improving, is still sensitive to overpricing, especially for unproven projects. What exactly makes these 'Luxury Floors'? Just the price tag? Or are the amenities truly world-class to justify this cost, or will it just be another headache with high maintenance?
U6, that's what I'm thinking. 'Luxury' often means just bigger rooms or a modular kitchen, but the real luxury is peace of mind and good construction. If the amenities are basic and the quality is questionable, it's just an expensive headache. Plus, the maintenance charges on these 'luxury' projects can be insane.
Haan yaar, ₹2.7 Cr is way out of my budget anyway for something so uncertain. Definitely not for a first-time buyer.
I understand the RERA and unit count concerns, but sometimes smaller projects offer more exclusivity and better attention to detail, provided the builder is good. Is this project in a prime location, like near Sector 35? That could justify the 'luxury' tag and potentially higher appreciation. Has anyone visited the site recently to see actual construction progress?
Bhai, this project has only 4 units? Four! That's not even a proper apartment complex, it's like a large villa divided into floors. And RERA number is 'Not Applicable'? That's a huge red flag for me. How can a project with that price tag not be under RERA, especially when it's an UPCOMING one with possession in 2026? This just screams 'risky' for a first-time buyer like us. Has anyone checked Rahul Mangla's past projects? What's their track record like?
Exactly! My friend booked a small project near Sector 35 a few years back, similar setup – limited units, no RERA. Builder ne possession date extend karte karte itna pareshaan kiya ki he eventually sold his booking at a loss. He said the build quality was also very average when he finally saw some progress. For ₹2.7 Cr, which is a massive amount for us, I wouldn't touch a non-RERA project with a ten-foot pole. Better to look at established societies.
U2, you hit the nail on the head with the RERA point. Builders often try to bypass RERA if the plot size or number of units is small, but it leaves buyers completely exposed. If anything goes wrong with Goyal Luxury Floors, you'd have very little recourse. This alone makes it a gamble, not an investment.
Totally relate to your concern, OP. 'Sasti cheez do baar khareedni padti hai' is so true, especially in real estate. For ₹2.7 Cr, you expect quality, not just a fancy facade for Goyal Luxury Floors.