Goyal Luxury Floors: Kya time pe possession milega?
Since last year, I've been tracking Faridabad properties for investment. My agent recently suggested Goyal Luxury Floors by Rahul Mangla. I'm based in Dubai, so I can't do site inspections myself, which makes me super cautious about under-construction projects. Builder ka delivery track record kaisa hai for their previous projects? They are quoting ₹2.65 Cr. for a unit; I'm worried about the possession timeline. RERA compliance toh hai, but will they actually deliver on time? Also, as an investor, my main concern is exit strategy. If I plan to sell in 5-7 years, how liquid is this project likely to be? Faridabad mein resale market for luxury floors kaisa rehta hai? I won't be managing the property myself, so rental yield aur property management ka kya scene hai? Any insights on Rahul Mangla's past project timelines would be really helpful.
Comments
So, what did the original poster decide finally? Did anyone find out more about Rahul Mangla's actual delivery track record for his other projects?
Dekho, every investment has risks. Goyal Luxury Floors, being an 'upcoming' project with RERA 'Not Applicable' and only 4 units, definitely ups the risk factor for possession delays and liquidity. However, sometimes these smaller, exclusive projects can offer good appreciation if the location is prime and the builder eventually delivers quality. My advice would be to get a very strong legal opinion on the 'RERA Not Applicable' status and the agreement clauses. Also, research the specific micro-market around the project site very thoroughly for future demand potential, not just general Faridabad trends.
The main poster's concern about exit strategy in 5-7 years is very valid. Faridabad mein luxury floors ki resale market kaisi rehti hai? Specifically, if it's in an area like Sector 35 or nearby, is there enough demand at the ₹2.7 Cr price point after 5-7 years? I'm worried about liquidity for such a niche product.
Sahi baat hai, resale value for luxury independent floors in Faridabad is not that great. ₹2.7 Cr is a substantial amount for an investment that might not give you good returns or easy liquidity in 5-7 years. Rental yield bhi average hi rehta hai, don't expect miracles.
For luxury floors in Faridabad, especially around Sector 35, the resale market can be quite slow, to be honest. It's not as liquid as Gurgaon or even certain parts of Noida. The demand at that price point (₹2.7 Cr) is limited to a very specific set of buyers, which makes your exit strategy tricky. You might have to compromise on your expected returns or hold longer.
My personal experience with Faridabad builders, especially for independent floors, hasn't been great. I booked a flat near Sector 35 two years ago, and the possession date has been pushed twice already. Rahul Mangla ka track record for *timely* possession kaisa hai? Sirf RERA dikhane se kuch nahi hota, actual delivery matters. Agar 2026-04-01 ki date de rahe hain, toh kya woh realistically possible hai, considering it's an upcoming project?
Regarding Rahul Mangla's past projects, I've heard mixed reviews. Some projects have been delivered, but many faced significant delays. Ek friend ne Gurgaon mein ek flat liya tha unka, 1.5 saal late mila tha. So, 2026-04-01 possession date par trust karna mushkil hai. Given your NRI situation, yeh aur bhi risky ho sakta hai. Better to look for ready-to-move options if timelines are critical.
Jaise aapne bataya, builder ka track record important hai. Plus, this project has only 4 units. It's a very small scale, which sometimes means less urgency for the builder to deliver on time if they have bigger projects. 'RERA Not Applicable' for an upcoming project with a 2026 possession date is really fishy, it should ideally be registered.
Bhai, Goyal Luxury Floors ka naam sunke thoda doubt ho raha hai, especially jab RERA number 'Not Applicable' dikha raha hai for an upcoming project. That's a huge red flag for me, yaar. And ₹2.7 Cr for an upcoming project without a clear RERA status? Bahut risky lag raha hai, especially for an NRI like you jo site visit bhi nahi kar sakta.
Haan, RERA 'Not Applicable' is definitely concerning. But I've heard Rahul Mangla has delivered some decent projects in other parts of NCR, though maybe not 'luxury floors' specifically. Faridabad mein luxury segment ka market thoda slow rehta hai, toh liquidity ka issue aa sakta hai for sure.
Totally agree with you! RERA compliance toh basic expectation hai aajkal. Bina uske, how can anyone trust the possession timeline? Bohot tension ho jaati hai aise projects mein.