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Aditi Sharma
Ghaziabad's New Launch Projects are becoming overpriced
Been looking for 6 months now for a 3BHK or villa upgrade. Currently in a 2BHK in Indirapuram, Ghaziabad, so I know the area well. Thinking of moving to the New Launch Projects corridor. Already have a home loan, so EMI kaafi matter karega. Log keh rahe hain ki New Launch Projects mein prices kaafi badh gaye hain. Is it still undervalued ya has it already peaked? Honestly, not sure if the current price jump is worth it. Koi specific sector ya project hai jahaan abhi bhi value mil sakti hai? Ya phir ab yahan se ROI expectations kam rakhne chahiye? What are people's experiences with the premium for new launches there?
#ghaziabad#new-launch-projects#investment#3bhk-upgrade#roi
Comments
It's a tricky situation. On one hand, Ghaziabad's connectivity and infrastructure are improving, which justifies some price appreciation. On the other hand, the current prices for new launches often factor in future growth that might not materialize as quickly as projected. For someone like the original poster, who already has a home loan, maybe looking at resale properties in established sectors of Indirapuram or Vaishali could be a safer bet for an upgrade. You might not get the 'new' feel, but you'll get better clarity on possession and often a more realistic valuation.
Has anyone checked out the new projects coming up near Crossings Republik? Some builders are still marketing them as 'pre-launch' but the prices seem comparable to ready properties. Is it just marketing hype or is there actual value? What's the RERA status like for those?
Mostly hype, bhai. Builders just want to cash in.
Crossings ke paas wale projects mein se kuch toh RERA registered hain, but check their updated completion dates. Most have already pushed their deadlines once or twice. Value depends on how much risk you're willing to take with delays.
I almost booked a villa in a new project near Achchheja last year. Builder was promising possession in 18 months, price was around 1.2 Cr. I hesitated thinking market might cool down. Big mistake! Now the same configuration is being quoted at 1.6 Cr, and they've only just started piling work. My friend who booked in the same project is regretting too, because the premium is now huge, but construction is super slow. ROI toh door ki baat hai, time pe possession mil jaaye wahi badi baat hai.
That's the real issue, right? The 'new launch premium' is fine if construction is fast and reliable. But if they take ages and then ask for more money due to 'market conditions', it's a huge risk. Always check the RERA completion date and the builder's past projects. Sometimes an older, ready-to-move-in property, even if slightly older, offers better value and peace of mind than a 'new launch' that's just a promise on paper.
Yeah, builder ka track record bahut important hai. Many new projects get stuck. Mera ek relative ne bhi ek project mein book kiya tha Afzalpur ke paas, abhi tak possession nahi mila hai, date pe date de rahe hain.
Which builder was this? Name batao.
See, I think it depends on the developer and location. Some projects in the Ghaziabad corridor, especially closer to the Expressway, might still have potential for growth. Not all new launches are overpriced; you just need to find the right one. Maybe look slightly further out?
Totally agree with the post. I've been checking out projects near Ahinsa Khand 1 and the prices have shot up like crazy in the last 3-4 months. What felt like a good deal even six months ago now seems completely out of budget. It's so disheartening for first-time buyers like us, especially when we are already stretching our finances.
Exactly! I saw a 3BHK in a new launch in Siddhartha Vihar, they were quoting 70L last year, now it's almost 95L. For a similar size! Kahaan se laayein itne paise?
Haan bhai, same experience. Feeling stuck now.