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Imran Qureshi
posted on 13 MayGurgaon 3BHK hunt: Where's the real value?
Is Gurgaon's property market really overheated everywhere, ya phir abhi bhi value mil sakti hai? I'm an investor, khud real estate mein hoon but for my own 3BHK, it's tough. Builders like Solutrean Building Technologies in Udyog Vihar quote sky-high. Secondary market mein better negotiation scope hai kya? ₹2.5 Cr for a 3BHK seems high. Kahan dekhoon for actual price correction zones? Koi off-market deals ya distress sales ka idea hai?
#price-correction#investor#secondary-market#gurgaon-property#udyog-vihar
Comments
So, it seems like secondary market is the best bet for negotiation, but it's hard to find distress sales. And areas like Badshahpur or SPR are options for better value, but with trade-offs. What about projects on the Gurgaon side of Airport Road? Are they already too expensive, or is there any hidden gem there?
The current market conditions are such that builders are not dropping prices easily, especially for ready-to-move inventory. They'd rather hold than reduce. For a 3BHK at ₹2.5 Cr, you're looking at maybe 1200-1400 sqft in a decent, but not prime, location. Have you considered older societies in established sectors? They might offer more space for the same budget, but maintenance can be an issue.
Yes, but with older societies, check the age of the building and future maintenance costs. Sometimes, the society might be planning major repair work, and that can hit your pocket hard. Also, bank loans for very old properties can be tricky. It's a trade-off: space vs. modern amenities and lower maintenance.
Older societies are a good point! My uncle recently bought a huge 3BHK in an older society near Basai for ₹2.2 Cr. It needed some renovation, but the carpet area was massive compared to new projects. Plus, the location was excellent with schools and markets nearby. You get more actual living space, not just super built-up.
My broker told me price correction is a myth in Gurgaon unless there's a major economic downturn. He says demand is just too high. Is that true? I was hoping for some relief in pricing after the elections.
Value for money agar dekhna hai toh you might have to look slightly away from the main hubs. Sectors near Southern Peripheral Road (SPR) or even further towards Badshahpur side might offer some correction. Connectivity improving hai, so future upside bhi hai. But amenities ka thoda compromise karna pad sakta hai.
Haan, SPR is getting good traction. But the 'value' part is getting tougher even there. For distress sales or off-market deals, you really need a strong network of local brokers or sometimes even property lawyers. They often get leads from people who need to sell fast due to financial reasons or relocation. It's not easy to find these, and you have to be quick.
Totally agree with the SPR point. I booked a 3BHK there two years ago for much less, and now property values have appreciated significantly. The key is to get in before it becomes completely saturated. Check out some projects closer to Baharampur Naya, you might find some decent deals there still.
Badshahpur side ka idea theek hai, but wahan pe infrastructure development abhi bhi slow hai. Roads, schools, hospitals... sab kuch abhi bhi developing phase mein hai. Long-term investment ke liye theek hai, but immediate shifting ke liye thoda mushkil ho sakta hai. Kya aapne wahan kuch projects dekhe hain?
Bhai, totally agree! ₹2.5 Cr for a 3BHK in Gurgaon feels insane. Solutrean Building Technologies ka toh naam hi suna hai, but prices sunke dimaag ghoom gaya. Lagta hai secondary market hi option hai, but wahan bhi trust factor ka issue rehta hai. Kya karein?
₹2.5 Cr is actually the new normal for a decent 3BHK in many parts of Gurgaon, especially if it's ready-to-move. Primary market mein toh builders ne prices badha hi rakhe hain. Secondary mein negotiation ka scope hai, but only if the seller is in a hurry or needs funds urgently. Otherwise, they also benchmark to primary prices.
Haan yaar, same pinch! Solutrean ki prices toh suni hain, they're always on the higher side. But unka reputation for timely possession has been mixed. Better to check their RERA status thoroughly before even considering them. Secondary market mein at least face-to-face deal hoti hai.