Golden Nest - 2: My honest take on investment viability in Greater Noida
Folks, let's look at Golden Nest - 2 in Greater Noida. On paper, a completed project at ₹25.00 L, averaging ₹2500/Sqft, might seem like an accessible entry point. It's located in Chaukhandi, noted for its connectivity. The project area is quite small at 0.02 acres, suggesting a very limited number of units or specific property type. However, the critical detail here is the builder: S & U Buildtech Pvt Ltd. While they have experience since 2013, their current corporate status is 'Strike Off'. This is a significant red flag for any potential investor. A 'Strike Off' company means it has legally ceased to exist for most operational purposes, raising serious questions about future maintenance, legal recourse, or even the clarity of title transfer. The RERA status is N/A. While some older completed projects might predate RERA, this, coupled with a 'Strike Off' builder, introduces another layer of uncertainty. For capital appreciation, properties from defunct builders often face challenges in the resale market, directly impacting your potential ROI. Market timing becomes almost irrelevant when the fundamental builder risk is so high. My take? Extreme caution is warranted. While the price point seems low, the risks associated with the builder's 'Strike Off' status severely undermine any perceived investment potential. Thorough legal due diligence is not just recommended, it's absolutely essential, and even then, be prepared for considerable uncertainties.
Comments
U8, completed hone ka matlab yeh nahi ki saari problems khatam. Think about structural issues that might come up later, or even basic amenities like water supply, electricity connections, security. Agar builder hi nahi hai, toh kaun handle karega warranty claims ya major repairs? Resale toh mushkil hogi, current market conditions mein buyers smart ho gaye hain. No one wants to buy a property with pending legal baggage. Better to pay a bit more in Alpha II or Alistonia Estate for peace of mind.
I'm still confused. The post says the project is COMPLETED. Agar completed hai, then what's the issue with the builder being 'Strike Off'? Possession toh mil gaya na logo ko? Yaar, Greater Noida mein abhi bhi prices badh rahe hain, especially near the expressway. Iska resale potential kaisa hoga?
2016 mein possession mila tha, tab toh RERA nahi tha. But ab 2024 mein, agar aap kharidte ho, toh kya guarantee hai ki future mein koi problem nahi hogi? Total units 80 hain, matlab bahut chhota project hai. Maintenance aur common area management mein problem ho sakti hai. Chaukhandi mein connectivity achhi hai, no doubt, but risk bahut high hai.
Absolutely agree with the original post. My uncle got burned by a similar situation in Alpha I Greater Noida a few years back. Builder was 'Strike Off' aur unko resale mein itni problem aayi, ki aadhi price mein bechna pada. Title transfer mein bhi bahut jhanjhat hui thi. Ye 25 lakh shuruat mein sasta lagega, but aage jaake headache ban jayega.
Haan, banks usually steer clear of such projects. Unko bhi clear title aur builder ka financial standing chahiye hota hai. Meri friend ko Ajayabpur mein ek project ke liye loan nahi mila tha kyunki builder ka track record sahi nahi tha. Is case mein toh 'Strike Off' hai, chances are very low.
Oh no, ye toh bahut scary hai. I was thinking of taking a home loan for this. Bank loan degi bhi kya aise project ke liye jiska builder 'Strike Off' hai? Koi experience share karo please.
Yaar, ye Golden Nest - 2 ka post padha. 25 lakh mein Greater Noida mein ghar, woh bhi completed project, sounds too good to be true, right? But builder ka 'Strike Off' status sunke dimaag ghoom gaya. Kya karein, itna kam budget hai aur options bhi limited hain. Koi batao, is it even worth looking into, ya seedha discard kar dein?
Dekho, price point definitely attractive hai, especially for a first-time buyer like us. But RERA N/A aur builder ka 'Strike Off' status, ye toh double whammy hai. Maintenance ka kya hoga? Society kaun chalayega? Sochne wali baat hai.
Bhai, exactly my thoughts! 25 L mein Greater Noida mein kuch nahi milta ab. But 'Strike Off' matlab toh company band ho gayi na? Phir property ka kya hoga? Legal issues mein phas jayenge kya?