Investor Avenue: The hidden costs of project delays
The constant builder delays in Mohali are seriously eroding investor confidence, especially with projects like Investor Avenue Luxury Floor 3. I bought into this project at pre-launch, expecting possession 2.5 years ago. The actual handover was almost a year late, totally messing up my financial model. That's a huge hit to my planned rental yield and capital appreciation projections. My EMI started, but no rental income for months. The projected ROI for this ₹2 Cr floor just took a nosedive because of that lost year, not to mention the opportunity cost. It feels like these developers promise the moon, then deliver whenever. Has anyone else faced such possession timeline issues with Investor Avenue, or this builder generally? How did you manage the financial fallout? The resale market isn't exactly liquid when projects have this history.
Comments
So finally, did you get any compensation for the delay, U1? Or just had to bear the loss?
But isn't Investor Avenue 3 already completed? Checked Propmyna's listing, it shows possession given 2023-06-01. So the delay was in the past, right? What's the current situation like?
Exactly! Opportunity cost ka bhi socho. Bahut nuksaan hota hai jab funds block ho jaate hain.
Yes, completed now, but the financial hit from that one year delay is what the OP is talking about. EMI chalu ho gayi aur rent nahi mila, that's a huge loss for a first-time investor. It impacts everything from cash flow to mental peace.
Sorry to say, but RERA not applicable tha toh thoda research karna chahiye tha na? Small projects like Investor Avenue (only 4 units, right?) often fall outside RERA, which means less protection for buyers. It's a huge risk to take without proper due diligence, especially for a ₹2 Cr investment.
Bhai, totally relate. Yeh builders ka toh routine hai ab. Such a nightmare for first-time buyers like us.
Legal toh mushkil hai jab RERA applicable hi nahi, especially for these small projects. Aur waise bhi, current market mein Gurugram side bhi buyers bahut cautious hain delays ko leke. Mera ek friend Badshahpur mein phasa tha aise hi.
Haan yaar, Mohali mein aise kaafi cases sune hain. Mere uncle ka bhi ek project stuck tha near Airport Road (Gurgaon side). Legal action ka socha kya, U1?
The constant builder delays in Mohali are seriously eroding investor confidence, especially with projects like Investor Avenue Luxury Floor 3. I bought into this project at pre-launch, expecting possession 2.5 years ago. The actual handover was almost a year late, totally messing up my financial model. That's a huge hit to my planned rental yield and capital appreciation projections. My EMI started, but no rental income for months. The projected ROI for this ₹2 Cr floor just took a nosedive because of that lost year, not to mention the opportunity cost. It feels like these developers promise the moon, then deliver whenever. Has anyone else faced such possession timeline issues with Investor Avenue, or this builder generally? How did you manage the financial fallout?