K
Kunal Mittal
posted on 7 MayGurgaon's real value: beyond builder discounts
Budget finalised, loan pre-approved. Currently in a 2BHK in South City II, upgrading to 3BHK. Everyone talks appreciation, especially Dwarka Expressway. But seriously, is any real 'price correction' happening in Gurgaon? Not just spot discounts, I mean actual value. Sunder Homes jaise builders ka kya scene hai? Is that premium truly justified? Change my mind.
#gurgaon-real-estate#price-correction#upgrade#sunder-homes#spot-discount
Comments
It's a tough market for first-time buyers like us. While the Dwarka Expressway hype is real in terms of future connectivity and infrastructure, the current prices are definitely baked in with a lot of future potential. Sunder Homes, like many other premium builders, charges for their brand and perceived quality, which sometimes doesn't fully translate into reality. My advice would be to look at projects with RERA completion dates that are closer, and if possible, check out the actual site and talk to current residents if it's a phased development. Don't fall for flashy discounts; calculate the final all-inclusive price per sqft and compare it with multiple projects in the same micro-market before concluding.
The original post's question about 'real price correction' is key. Are we seeing any actual softening in prices, or is it just the resale market that's a bit more flexible? New projects toh astronomical rates pe launch ho rahe hain. Kya current market conditions, like interest rates, are having any effect on builder pricing strategies?
Totally agree with U17 and U19. No real price correction. My property agent told me builders are just holding onto their prices. They'd rather wait out the market than drop prices. The only time you see a 'deal' is during festival offers, but even those are marginal. It's a seller's market, unfortunately, especially for new launches in prime areas. I'm looking near Baharampur Naya, and even there, rates are climbing.
I work in finance, and from what I see, interest rates have somewhat cooled down the frenzy, but not enough to force a 'correction'. Inventory in Gurgaon, especially ready-to-move 3BHKs, is still tight in good areas. Builders know this. So, no, I don't think current market conditions are leading to any significant price cuts from primary builders, only creative marketing. Resale mein shayad thoda negotiation scope mil jaye.
From what I've observed, builders are not reducing their base prices. Instead, they're offering 'payment plans' or 'subvention schemes' to make it look attractive. It's more about easing the payment burden than a true price correction. The underlying per sqft rate remains high. High interest rates are definitely impacting buyer sentiment, but builders have high holding costs so they'd rather offer incentives than cut prices directly.
Bhai, I almost booked a Sunder Homes apartment in their new project near Airport Road (Gurgaon side) last year. They were pushing hard for immediate booking with some 'limited period discounts'. But when I looked at the actual per sqft rate after all charges, it was way above market average for that micro-market. My friend, who is a property consultant, told me these 'discounts' are just psychological. The base price itself is so high that even after a 5-7% discount, you're paying a premium. I backed out, thankfully. What's the possession status of their older projects?
Oh, that's concerning to hear about the delays and quality. I was also considering Sunder Homes near Badshahpur because of their 'reputation'. But if possession is getting delayed and quality is an issue, then the premium is definitely not worth it. Thanks for sharing this, it's making me rethink my options completely.
That's a valid point about 'discounts'. I've seen builders inflate prices just to show a discount later. Regarding Sunder Homes' older projects, I heard from a friend who bought in their Sector 89 project that the finishing quality isn't what was promised. They're still struggling with some common area maintenance issues even after a year of possession. So, the premium might not be justified for the long run.
Sahi kaha, discounts are a joke! My cousin booked in Sunder Homes' Sector 77 project, possession was supposed to be Q4 2023, abhi tak kuch pata nahi. Unhone bola 'minor delays' but it's already Q2 2024. Builder se koi clear answer nahi milta. Bahut frustration hoti hai.
Totally agree with you! I visited a Sunder Homes project near Basai. Price quote sunkar toh hawa nikal gayi meri. Are they really worth that much? Koi 'real' correction toh door ki baat, builders toh aur prices badha rahe hain.
Exactly my thoughts! Dwarka Expressway is all hype right now, prices are just inflated. Everyone says 'future appreciation' but what about the present value? Sunder Homes ka premium toh bas brand name ka lagta hai, amenities bhi utni khaas nahi hain jitni hype hai. I'm also in South City II and looking for a 3BHK, but Gurgaon mein genuine deal mil hi nahi rahi. Lagta hai sab builders ne mil ke prices badha diye hain.