H
Harsh Goel
posted on 13 MayFaridabad upcoming projects are too risky for retirees
Faridabad – checking out Goyal Luxury Floors by Rahul Mangla. Kids have moved out, so we're selling our big house. Don't need such a huge place, want something manageable, low maintenance. This project is upcoming, which makes me nervous about possession risk. Is an under-construction flat smart when our resale depends on it? What's Rahul Mangla's delivery record like? And what about the actual total cost of ownership here? We need good society, elevator, hospital nearby.
#faridabad#goyal-luxury-floors#under-construction#builder-reputation#total-cost-ownership
Comments
Haan, aur resale value pe bhi bahut farak padta hai agar project stuck ho ya builder ka reputation kharab ho. Woh toh original post mein bhi mention kiya tha. Senior citizens ke liye toh ye double risk hai.
U10, jab RERA registration hi nahi hai, toh possession date ki koi legal sanctity nahi hai. Builder jab chahe extend kar sakta hai. Seniors ke liye low maintenance aur hospital nearby bahut important hai, but usse bhi pehle, peace of mind aur financial security aati hai. Under-construction mein total cost of ownership sirf basic price nahi hota, usme delays ka rent, mental stress, aur legal expenses bhi add hote hain. Ready-to-move options explore karo jahan sab kuch clear ho aur society already functional ho with an elevator and medical facilities close by.
U6, I heard mixed reviews about Rahul Mangla. Kuch projects on time deliver kiye hain, but kuch mein kaafi delays hue hain. Especially after demonetization and RERA implementation, many smaller builders struggled. Without RERA, there's no legal recourse if things go south. This is a big concern for your parents, especially for possession.
Possession date 2026-04-01 confirm hai na? Ya woh bhi tentative hai?
U8, exactly. My uncle almost invested in one of their projects in Sector 35 a few years back, but pulled out because of the constant delays and lack of clarity. They eventually got the flat, but after a 3-year delay. Agar aapko tension-free life chahiye, toh avoid karo.
U7, you're right. Rahul Mangla has a history of taking on small projects, sometimes even without proper approvals initially. The 'Not Applicable' RERA status is a huge red flag. For a project with only 4 units, it means it might fall under some exemption, but it also means less transparency and protection for buyers. Seniors should definitely avoid such projects.
₹2.7 Cr for an upcoming project in Faridabad, even for luxury floors, seems a bit steep. Is this in a prime area like Sector 35? Agar prime location hai, toh bhi RERA na hona aur upcoming status, ye risk factor bahut high kar deta hai.
Builder ka reputation kaisa hai? Rahul Mangla ka track record kisi ko pata hai kya?
Haan, U3, 4 units ka project hai toh society amenities kaafi limited honge, aur maintenance charges bhi high ho sakte hain per unit. Faridabad mein, especially Sector 35, prices badhe hain but ₹2.7 Cr for an upcoming, non-RERA project is a huge gamble right now with the current market conditions. Ready possession mein bhi options mil jaate hain is range mein thoda research karne par.
Bhai, ye project toh 'UPCOMING' hai aur 'RERA: Not Applicable'? Ye toh seedha red flag hai, especially for seniors looking for peace of mind. Under-construction mein toh delivery risk hamesha rehta hai, aur bina RERA ke toh aur bhi zyada. ₹2.7 Cr laga ke फसने का डर रहेगा। Resale value ka kya hoga if project gets stuck? Socho zara.
Aur sirf 4 units? Itna chhota project? Society ka feel bhi aayega kya phir?
Bilkul sahi keh rahe ho. Mera friend bhi aise hi ek project mein phasa tha, builder ne bas tareekh pe tareekh di aur RERA registration bhi nahi tha. Last mein compromise karna pada. Seniors ke liye toh ready-to-move hi best option hai.