Hidden costs investors only discover after booking?
Spent the whole Sunday researching potential investments in Mohali from Dubai. I'm looking at Satya Merano Greens (around ₹2 Cr+) and Krisumi Waterfall Residences (starting ₹2.79 Cr+). Both are under-construction, which makes me quite concerned about possession timelines. Kya builders ke promised dates pe trust kar sakte hain, especially when I can't do a site inspection myself? Total cost of ownership ka kya scene hai? Builders often quote a base price, but then PLC, stamp duty, registration, and future maintenance charges add up significantly. For a 5-year horizon, which project offers better appreciation potential given the current market in Mohali? Should I be more worried about the under-construction risk with these? Also, legal clarity for NRIs and property management post-possession is a big factor for me.
Comments
Bhai, you're right to be worried about under-construction projects. Builders ke promises pe trust karna mushkil hai, especially for NRI investors. My cousin invested in a project near Airport Road (Gurgaon side) and the possession got delayed by 2 years! Hidden costs toh poori list hoti hai, base price ke upar GST, IFMS, EDC/IDC charges, power backup, club membership... sab milake 15-20% extra pakad ke chalo. Mohali mein bhi same scene hoga. Site inspection ke bina toh aur bhi risky hai.