First-time investor: Totally confused by payment plans
Did a site visit to some projects near Amrapali Leisure Valley last weekend, including one by Primex Infratech. Honestly, I'm finding it tough to decide on payment plans. Everyone says Construction-Linked Plan (CLP) is safe, but as an investor, I'm thinking down payment plan might offer better negotiation power, especially for early-stage projects. Builders like Primex push CLP hard. Is that actually smarter or just a way to keep money flowing without much risk from their side? Also, the super area vs carpet area game in Greater Noida is wild. Builders quote ₹5500/sqft but that's super area. Realistically, kitna difference aata hai in terms of actual usable space? Doesn't this significantly mess with ROI calculations? And for an investor, should I go direct builder or through a broker? Brokers often have 'special' deals, but I suspect they just inflate the initial price to show a discount. Change my mind.
Comments
Super area vs carpet area is the biggest scam right now, especially in projects around Alistonia Estate. They quote 5500/sqft, but that's for 1500 sqft super area, which becomes barely 900-950 sqft carpet. That's a 35-40% difference! Imagine the per sqft cost of usable space. Your ROI will look pathetic if you calculate it on super area. This needs to be checked by RERA more strictly. As an investor, you have to be super careful with these numbers.
Totally agree
Bhai, CLP hi theek hai. Builder project delay kare ya fund diversion kare, at least tumhare paise nahi अटकते. Safety first for first-time buyers.
Broker waali baat toh bilkul sahi pakdi hai. Mujhe bhi lagta hai yeh 'special deals' bas commission nikaalne ka tareeka hai. Kya sach mein koi faayda hota hai inke through jaane ka, ya direct builder se baat karna hi best hai for better negotiation? Especially in areas like Alpha I Greater Noida, jahan competition zyada hai.
See, brokers can be useful if you're new to the market and don't know the builders well. They have info on all projects, even those not heavily advertised. But yes, you have to be smart and verify everything. They usually get their commission from the builder, so it shouldn't affect your price if you negotiate well.
Aapka question valid hai. Mera experience toh mixed raha hai. Ek broker ne mujhe Greater Noida West mein ek project mein 'special' deal dilayi thi, but baad mein pata chala ki direct builder se bhi same deal mil rahi thi, bas broker ne apni commission add kar di thi. But sometimes, for smaller, local builders, a good broker can actually get you a better price or better payment terms because of their relationship. Just compare with the builder's direct sales team before committing. For Primex, I'd say try direct first.
Yaar, same pinch! Main bhi abhi Greater Noida West mein dekh raha hoon, aur Primex jaise builders ka approach dekh ke dimaag kharab ho gaya hai. CLP is safe, haan, but as an investor, I also feel I'm losing out on potential discounts with a bigger upfront payment. Meri toh savings lag rahi hai, I need every rupee to count. Aur yeh super area ka fraud toh next level hai. They show you a big number, but actual space mein toh bahut cut ho jata hai. Kitna % difference expect karna chahiye? ROI calculations toh poore hil jaate hain.
Haan bhai, ROI ka toh poora khel bigad jaata hai ismein. Builders play dirty.
Exactly my thoughts! Maine bhi ek project mein dekha tha near Ajayabpur. Super area bolke 1400 sqft dikha rahe the, but jab floor plan dekha toh carpet area was barely 950 sqft. Matlab 30% se zyada ka loss. CLP bhi tab tak theek hai jab tak builder construction time pe kare. Agar delay hua, toh EMI bhi jaa rahi hai aur rent bhi.