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Aarti Singh
posted on 19 MayGreater Noida West: My investment 'dream' now feels like a trap
Greater Noida West's 'undervalued' tag feels like a scam now that I've moved in. Possession was in March for my 3BHK in Sector 16. I bought into all the hype about future appreciation and connectivity, but the ground reality is different. The RWA is still non-existent, and the maintenance charges they're quoting are seriously high. My final cost, including all PLC and other 'hidden' charges, was almost ₹78L, not the ₹65L brochure price. Honestly, I'm starting to doubt the ROI everyone talks about here. Are others facing these unexpected costs impacting their investment thesis in Greater Noida West? Should I have just gone for a ready-to-move in Sector 10 instead?
#noida-extension#greater-noida-west#hidden-charges#roi#investment-thesis
Comments
It's a tricky situation. Greater Noida West still has potential, but the initial experience can be very disheartening. The current market conditions, with rising interest rates and inflation, mean every extra lakh pinches hard. Maybe give it some time for the infrastructure to catch up and RWA to form. But yes, always factor in at least 15-20% above brochure price for any under-construction property in future. Live and learn, I guess.
The RWA issue is critical. If there's no RWA, who decides the maintenance charges? And who ensures the quality of services? Did Sampada Group give any timeline for RWA formation or a clear breakdown of the maintenance costs before possession? This is a red flag for me, especially when comparing to established societies in Alistonia Estate where RWAs are very active.
They gave a vague timeline, saying 'post-possession, within 6 months.' But it's been longer than that for many in my block. Currently, the builder's facility management is running things, and they quote whatever they want. There's no transparency. It's a common tactic to delay RWA formation to keep control over funds.
Same pinch! I booked in Ajayabpur two years ago, thinking it was a steal. The builder kept extending possession dates, and now the maintenance charges are through the roof, without any proper amenities functioning. RWA ka toh naamोनिशान nahi hai. It's like they just hand over the keys and wash their hands off. This market is getting tough for new buyers.
Haan bilkul! RERA ne rules toh bana diye hain but builders ko loopholed mil hi jaate hain. Accountability zero hai.
I understand your frustration, but 78L for a 3BHK in Sector 16 still sounds reasonable for the long term, considering the infrastructure push. What exactly were these 'hidden' charges? Was it just stamp duty and registration, or something else entirely that Sampada added on?
Sahi kaha, but the issue is the unexpected jump from brochure price. Most builders, including Sampada, will quote a base price. Then add PLC for specific views/floors, EDC/IDC charges (External/Internal Development Charges), then GST, then stamp duty and registration. Sometimes they even add 'club membership' or 'power backup installation' as mandatory extras post-booking. It's usually the EDC/IDC + PLC that inflate it the most, sometimes by 15-20%.
Greater Noida West's 'undervalued' tag feels like a scam now that I've moved in. Possession was in March for my 3BHK in Sector 16. I bought into all the hype about future appreciation and connectivity, but the ground reality is different. The RWA is still non-existent, and the maintenance charges they're quoting are seriously high. My final cost, including all PLC and other 'hidden' charges, was almost ₹78L, not the ₹65L brochure price. Honestly, I'm starting to doubt the ROI everyone talks about here. Are others facing these unexpected costs impacting their investment thesis in Greater Noida West? Should I have just gone for a ready-to-move in Sector 10 instead?
Absolutely! My cousin also faced similar issues with a Sampada project near Alpha I Greater Noida. The final cost was way higher than what was promised initially. It's a common builder tactic.
Bhai, totally relate! Ye hidden charges toh har project mein hain, especially for first-time buyers like us. Sampada Group ka track record waise bhi mixed reviews wala hai.