S
Shreya Dubey
Have under construction prices in Faridabad peaked already?
Under Construction belt in Faridabad keeps coming up every time I shortlist something. My landlord raised rent again, so I'm finally taking the plunge. Fed up of renting tbh. But prices in the Under Construction segment seem to have jumped crazy high over the last 1-2 years, easily ₹15L to ₹20L up for a decent 3 BHK. My EMI vs rent math is getting stretched now. Is it actually worth buying right now, or should I wait for prices to cool down?
#faridabad#price-trend#under-construction#emi-vs-rent#first-time-buyer
Comments
Did you end up finalizing any project, or are you still sitting on the fence? Every day I check PropTiger and 99acres, the numbers change and it just creates more confusion. Hard to say if waiting or buying is the right call right now.
Sector 35 is fine for connectivity, but do you think demand will sustain once all these under-construction towers hit possession together in 2026?
Sahi bol rahe ho, appreciation might slow down. I am just hoping to find something decent where the builder does not delay handing over keys. Half the nervous feeling is just trusting these delivery dates.
I really don't think demand will drop. A lot of folks shifting from South Delhi and Noida are looking at Faridabad because even at these inflated rates, it is cheaper than Gurgaon. But whether it will give 20% appreciation from here on is very doubtful.
Bhai, honest advice from someone who booked an under construction flat in Greater Faridabad 18 months ago. If you are stretching your budget by taking a 90% loan, stop right now. Delhi-Mumbai Expressway hype has already pushed rates sky-high, and if completion gets delayed by even one year, paying double cost of rent plus EMI will completely break your monthly savings. Ask the builder for their exact construction milestone schedule before signing anything.
Has anyone checked out Sector 35 recently? A broker told me that side still has some under construction inventory under ₹85L for a 3 BHK, but I am very doubtful about hidden charges. What is the actual on-road cost coming to over there?
True that. Registry and GST alone will eat up your entire interior budget.
In Sector 35, basic price will look like 85L, but add EDC, IDC, car parking, IFMS, and GST, and it easily shoots up to 98L to 1 Cr. I visited two sites there last Sunday. Take a proper cost sheet before giving any token amount, these builders don't reveal registry costs till the last minute.
Same situation here yaar, my landlord literally demanded 12% hike last month. But seeing the new launch rates in Faridabad is giving me cold feet. Is waiting 6-8 months actually going to drop the prices?
Haan bilkul, prices drop rarely happen here. But paying high EMI while also paying rent during construction period is killing my sleep. Bank pre-EMI adds up so quickly, budget hill jata hai poora.
Waiting will only make it worse, bhai. I thought prices peaked last year at 6,500 per sqft and waited. Now the same projects are quoting 8,200 per sqft. Real estate me correction wait karte karte budget out ho jata hai.
It feels like we are caught in an endless loop between greedy landlords and overpriced under-construction inventory. If we wait, rates might jump another 5 Lakhs, but if we buy now at the top of the cycle, we risk getting trapped. Did you end up speaking to any bank yet to check your actual borrowing eligibility after the recent repo rate pauses?
I checked with SBI last week. They offered 8.5% on paper, but after factoring in all processing fees and insurance, the actual outgo feels too heavy. Still utterly confused whether to take the leap or renew my rental agreement for another year.
Went to a sales gallery near Sector 35 yesterday and the hype they create is unreal. They had a massive digital board saying only 4 units left on the 8th floor, creating so much FOMO. When I asked about basic amenities and maintenance costs, the executive avoided the question completely. If you are budget-conscious like me, don't fall for this artificial scarcity trick, ask for their RERA phase approval dates first.
Haan bilkul, base selling price is pure bait. They charge almost 8-10 Lakhs in mandatory extras. My loan eligibility is max 65 Lakhs, so every time I see these inflated final demand letters, I feel like backing out completely.
Did they mention the clubhouse and PLC charges separately? Last month a project near bypass quoted 75L base price, but the final sheet had car parking, power backup, and club charges taking it straight to 88 Lakhs! Total hidden cost trap.
Bhai market won't crash, at most it will stagnate for a few quarters. Faridabad was undervalued compared to Noida and Gurgaon for ten years, so this sudden catch-up rally happened. But honestly, even I am struggling to digest ₹80L+ tags for flats with 2027 delivery dates.
Prices definitely feel artificially pumped right now. Every broker is hyping up the Jewar airport connectivity and Delhi-Mumbai expressway, but ground reality is totally different. Construction pace has visibly slowed down in many projects because raw material costs shot up. What if we commit life savings to an EMI now and the builder delays possession by three years? EMI plus rent will literally break my monthly budget.
Sahi keh rahe ho, that double burden is terrifying. But do you think waiting 6 months will actually bring prices down? Some people on Twitter say correction is coming, while local dealers say rates will go up another 10% after Diwali.
Builder delays are my biggest nightmare too, especially with pre-EMIs piling up. I was calculating yesterday, if my possession gets delayed by just 18 months, I will end up paying around 6 Lakhs extra in rent while servicing a 45k bank EMI. It makes zero sense financially, but staying on rent forever also feels like throwing money down the drain.
Bhai same situation here, landlord asked for 15% hike last month and I almost panicked into booking an under-construction flat. But 15-20L jump in just two years is crazy for Neharpar and bypass belt. Are you looking at high-rises or low-rise floors?
Wait, does Sector 35 even have proper basic infrastructure ready yet? Water supply and sewer lines were completely messed up in that whole pocket during monsoon. Paying 85L just to rely on private water tankers makes me super anxious.
I checked low-rise builder floors in Sector 35 last weekend, and even they are quoting nearly 5,500 to 6,200 per sqft. A 3 BHK is crossing 85-90 Lakhs easily with registry and extra charges. Honestly, I walked out with a headache because my initial budget was strictly 70 Lakhs.