Ghaziabad upcoming projects are just too risky for investors.
Did a site visit to Root2Home Royal Park 2 on Saturday and honestly wasn't expecting this. Pricing seems high for an upcoming project. What's the real resale potential here? Worried about delivery delays impacting capital appreciation.
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Look, Ghaziabad definitely has potential for growth, especially in well-connected areas like Abhay Khand, but you need to be extremely careful. For Root2Home Royal Park 2, the lack of a RERA number is a massive red flag that overrides any potential 'early bird' benefits. My advice would be to either wait until the project gets its RERA registration and then re-evaluate, or better yet, look for ready-to-move-in or RERA-registered projects, even if they are slightly more expensive. Don't let the fear of missing out push you into a risky 'upcoming' project.
So, what's the general sentiment then? Is Ghaziabad still considered a good investment destination for first-time buyers, or should we look elsewhere? Seems like the risks are piling up for projects like this.
I did some digging on Root2Home. They had another project, Royal Park 1, which was also delayed significantly. Their track record for timely delivery is not great. The price range of ₹27 L – ₹62 L for an *upcoming* project with no RERA registration is definitely on the higher side for the current Ghaziabad market. I don't think the Ghaziabad market is mature enough to absorb such prices from a builder with a questionable delivery history, especially for investors looking for quick capital appreciation. Buyer beware.
But isn't Ghaziabad developing really fast? Maybe the pricing for Root2Home Royal Park 2 is justified because of future development and connectivity? What about the location benefits, like proximity to highways or proposed infrastructure? Sometimes 'upcoming' projects offer better appreciation if you get in early.
Future development is only good if the project actually gets built on time, yaar. Amenities are usually just on paper.
Location is good near the highway, I'll give them that. But without a RERA number, the 'upcoming' status is just too vague. How can we verify the builder's claims about amenities or even the carpet area? The possession date of 2026-07-01 seems very optimistic without RERA registration. Builders often promise the world on paper.
Did a site visit to Root2Home Royal Park 2 on Saturday and honestly wasn't expecting this. Pricing seems high for an upcoming project, especially for Ghaziabad. I mean, ₹27 L – ₹62 L for a project without even a RERA number yet? What's the real resale potential here in, say, 5-7 years? Worried about delivery delays impacting capital appreciation, which is a common story for 'upcoming' projects. Is this even a safe bet for a first-time buyer like me?
Sahi kaha aapne, delivery delays are a nightmare. My cousin booked a flat in Ghaziabad a few years ago, it was supposed to be delivered in 2021, and he's still waiting. They kept pushing the date. For first-time buyers, liquidity gets stuck. If they don't even have a RERA number, how can we trust their possession date of 2026-07-01?
No RERA number? Bhai, that's a huge red flag right there. Stay away!
Totally agree with you! Price point is definitely a concern. I was looking at some properties in Ahinsa Khand II which are almost ready for possession, and they were in a similar range. Why would I risk my money on an upcoming project with such a high ticket size and no RERA? Resale potential will be tough if there are delays.