K
Kartik Awasthi
Harivishva Skyfinia: Pune's next ghost society?
Been looking at Harivishva Skyfinia Phase 1 for investment. I work in real estate, but my own money makes me extra skeptical. The ₹92L-1.46Cr for an upcoming project feels high. What's Harivishva's actual delivery track record? Are they on time with OC? I'm after capital appreciation; how much pre-launch premium is left? Concerned about investor-to-end-user ratio for resale. What's the *real* exit strategy here after 5 years?
#harivishva-skyfinia#pune-real-estate#investment-property#delivery-risk#resale-value
Comments
So, the general vibe is to be super cautious or avoid Harivishva Skyfinia for investment? My budget is tight, can't afford delays or no appreciation. What's the final verdict from everyone's experience?
Honestly, there's no 'final verdict' in real estate, especially with upcoming projects. But based on the builder's reputation (heard about issues with their project near Amanora Park Town) and the long possession date, it sounds like a high-risk, high-reward situation. For a first-time buyer on a budget, it might be better to look for something with a clearer delivery timeline or a more proven track record. Don't fall for the 'pre-launch premium' hype too easily.
My agent said the overall Pune real estate market is cooling down slightly, especially for luxury or high-end segments. Is this *really* a good time to invest in an *upcoming* project with a 2030 possession date, given the high price point? Worried about locking up funds for so long without guarantee of significant return. The pre-launch premium might already be eaten up by now.
Totally understand your concern. For such a long-term investment, the opportunity cost is huge. Instead of Harivishva Skyfinia, maybe look at properties closer to possession in established areas like Ambegaon or areas with upcoming infrastructure like Wagholi. You'd get quicker returns or at least less uncertainty. Capital appreciation for a 2030 project is a pure gamble right now, especially for first-time buyers.
I visited the site last month. Construction looked really slow for an upcoming project. Sales team was pushing hard for early bird investment. Anyone else felt like the investor-to-end-user ratio might be very high already?
Yes! They offered me some 'pre-launch investor benefits' like a free AC. Definitely a red flag if you're an end-user seeking a genuine community, not just a speculative investment.
But 2030 possession is far, maybe prices will go up by then, right? And RERA PR1260002500441 hai, toh safe toh hoga na for investment?
RERA registration is just a starting point, yaar. It doesn't guarantee on-time delivery, just provides a framework for grievances. Plus, 316 units in Phase 1 is a substantial inventory. If the market doesn't pick up significantly, that much supply can drag down appreciation, especially with such a long wait time.
Totally agree with the original post. Prices are way too high for an upcoming project with a 2030 possession date. Builder ka reputation is everything, and I'm not feeling confident here.
Haan bhai, my cousin booked with Harivishva near Akurdi, 2 years delay ho gaya. OC ka toh abhi bhi wait kar rahe hain. So, this '2030' date is just a number on paper, don't trust it blindly.