Y
Yash Mistry
posted on 13 MayInvestor doubts on Goyal Luxury Floors
Goyal Luxury Floors in Faridabad feels like a high-risk, high-reward play. At ₹2.65 Cr, what's the actual capital appreciation potential? Worried about resale liquidity and ghost society risk. Thoughts?
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Comments
So, is anyone actually considering this project after all these points? Ya sabne drop kar diya?
I was initially tempted by the 'luxury' tag, but after reading all the concerns about RERA, unit count, and the builder's track record, I'm definitely backing off. It's too much risk for my first big investment. Thanks everyone for the insights!
Honestly, the whole setup feels a bit off for a first-time buyer. While the idea of luxury floors is appealing, the small unit count, lack of RERA, and the price point of ₹2.7 Cr for an upcoming project in Faridabad make it a tough sell. The current market conditions in Faridabad are also a bit sluggish for high-end properties. Appreciation potential is speculative, and liquidity will definitely be an issue. Maybe look at more established projects, even if they are slightly older, for peace of mind?
Rahul Mangla ka track record kaisa hai? Has anyone heard about their previous projects or reputation? It's crucial for an upcoming project, especially when RERA isn't applicable.
Maine bhi research kiya tha Rahul Mangla ke baare mein. Zyada information nahi mili, seems like a relatively new or small-scale developer. My uncle bought a plot in Sector 35 a few years back from a lesser-known builder, and construction got delayed by years. We faced so many issues getting possession. With 'Not Applicable' RERA and an upcoming status, I'd be very, very cautious. This sounds like a high-risk gamble.
But isn't 'luxury' supposed to command a higher price? Maybe the appreciation potential is higher because of the exclusivity? For ₹2.7 Cr, what kind of amenities are they actually providing? Aur ye ₹2.65 Cr vs ₹2.7 Cr, kaunsa price final hai? Thoda confusion hai.
The official price range is ₹2.7 Cr. Usually, the 'luxury' tag comes with premium fittings and services, but for only 4 units, maintenance charges will be sky-high. Plus, exclusivity doesn't always translate to appreciation, especially for such a niche product in Faridabad. Resale liquidity is a major concern, as U1 mentioned.
Totally agree with U1. 4 units ka concept hi ajeeb hai for a 'luxury floors' project. Aur sabse badi baat, RERA number bhi 'Not Applicable' dikha raha hai. Iska matlab kya hai? Legal complications toh nahi honge aage jaake?
RERA 'Not Applicable' usually means the project doesn't fall under RERA's purview, maybe because it's less than 8 units or under a certain land area. But for a first-time buyer like us, it's a huge red flag. No RERA means no regulatory body to protect your interests if things go south, like delays or quality issues. Given it's an upcoming project with a 2026 possession, that's a long wait without RERA protection. Bahut dar lag raha hai.
Goyal Luxury Floors, ₹2.65 Cr for just 4 units? Bhai, ye toh society kam, private bungalow project zyada lag raha hai. Ghost society ka risk toh hai hi, upar se resale mein kaun lega itne high-end, limited property ko Faridabad mein? Bahut risky lag raha hai as a first-time buyer.