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Amrita Patil
Gaursons 4th Avenue: Unseen legal hurdles for investors
Gaursons 4th Avenue ke legal documents aur RERA status pe koi clarity de sakta hai? I'm based in Dubai, so site visit mushkil hai. Sunna hai completion ke baad bhi OC mein issues aate hain sometimes. As an investor, total cost mein hidden charges kitne add ho sakte hain, especially for overseas buyers? Property manager aur PoA se sab manage ho jaayega kya?
#rera-compliance#legal-status#hidden-costs#overseas-investor#gaursons-4th-avenue
Comments
The project has 616 units, and it's been completed since 2014. If there are still OC issues, that's a huge red flag. For an investor, especially an overseas one, this means your asset isn't fully legalised or marketable without that OC. Property manager aur PoA se sab manage ho jaayega, but only if they are super competent and honest. I've heard horror stories of PoA misuse, especially when the owner is out of the country. Hidden charges can include delayed possession penalties (if any were due), stamp duty, registration, society charges, and even pending utility bills that were never cleared by previous owners or builder.
Sahi kaha, PoA ka issue bahut serious hai. Mere ek rishtedaar ne Ajayabpur mein ek plot liya tha, PoA se manage karwaya, aur baad mein pata chala ki unke agent ne hi unki property ko mortgage kar diya tha. It was a nightmare to get it back. So, for Gaursons 4th Avenue, if you're not physically present, the
Dekho, Gaursons ka track record mixed raha hai. 4th Avenue mein mere ek colleague ne invest kiya tha, usko possession toh 2014 mein mil gaya tha, but OC mein delay hua tha. Eventually mil gaya, but it was a headache. Price range ₹80 L – ₹1.7 Cr for a decade-old project, that too completed, seems a bit high to me now. Plus, being an overseas buyer, managing a property manager and PoA remotely can be a big risk unless you have someone absolutely trustworthy on the ground. Think about maintenance, utility transfers, resale... sab remotely manage karna tough hai.
Noida mein abhi market conditions kaisi hain for such old, completed projects? Alpha I Greater Noida mein similar properties ka kya haal hai?
U3, RERA kuch हद तक cover karta hai post-completion issues, but for projects like this, rules are a bit different. OC issues older projects mein bhi hote hain agar builder ne approvals saare time pe nahi liye ya kuch deviations kiye hon. Better to get a legal opinion specific to this project's RERA registration.
Gaursons 4th Avenue? Bhai, main bhi first-time buyer hoon aur Dubai se hi invest karne ka soch raha tha. Legal documents aur RERA status ki baat sunke toh aur darr lag raha hai. OC issues kaafi common hain kya completed projects mein bhi? Meri research mein toh ye project 2014 ka hai, toh RERA ke rules kaise apply honge?
Exactly! 2014 mein possession mila hai toh ispe RERA ka full scope apply hota bhi hai kya? Hidden charges toh pakka honge. Kaafi nervous hoon about it.
Same pinch! Main bhi overseas hoon aur yahi project dekh raha tha. OC issues kaafi sunne ko milte hain, even for projects that got possession years ago. Builder ke side se paperwork clear na ho toh bahut lamba process ho jaata hai, especially for us who can't be there physically.