Investor's 3rd property: Millennium Spire Central dilemma
₹1.5 Cr for Millennium Spire Central? Okay, I'll say it: promised amenities rarely justify investor premium. Delivered reality disappoints. High maintenance kills ROI, tenant attraction suffers. Change my mind.
Comments
My broker told me about Millennium Spire Central a few months back, but he quoted me 45-50L. He never mentioned 1.5 Cr. This discrepancy is huge. Is the broker trying to hide something, or is this investor just in a different league altogether? I'm so confused, I just want a simple 2BHK that won't bankrupt me.
Possession date was 2016-01-01. That's almost 8 years ago. The original price of 39-48L was probably a steal back then. But now, charging 1.5 Cr for a 10-unit project, even with appreciation, seems like a stretch. Maybe the OP's 'investor's 3rd property' is just a flex, and they're facing a tough resale?
U10, you might be onto something. If it's a resale and they're struggling to find buyers at 1.5 Cr, that tells us something about the actual market value versus inflated expectations. For first-time buyers, this is a lesson in not getting swayed by high asking prices.
This whole discussion about 1.5 Cr for Millennium Spire Central is making me rethink my entire home-buying strategy. If even investors are facing such issues, what about us first-timers? We put our life savings into this. Is the Gurugram market really this volatile for older, completed projects?
The post mentioned 'delivered reality disappoints' and 'high maintenance kills ROI'. This is a huge red flag for me. I'm looking for my first home, not an investment headache. How do we even check the actual maintenance charges before buying? Builders always promise the moon.
U7's point is solid. Get the actual maintenance records. Also, check the RWA's financial health. Some societies are barely breaking even. Millennium Spire Central has only 10 units, so maintenance per unit will naturally be higher if they have common facilities.
Totally agree, U6. My cousin bought a flat near Basai, and the maintenance bill is shocking. They promised one thing, delivered another. It's like a hidden cost that eats into everything. Always ask for the last 1-2 years' maintenance bills from the society.
1.5 Cr for Millennium Spire Central? Bhai, this is crazy! My budget is like 40-50L max, and even for that I'm struggling. Who is paying 1.5 Cr for a project that's already completed in 2016? Is this a resale thing or what? Amenities ki toh baat hi chhod do, pehle ghar ka loan hi sochna padta hai.
1.5 Cr is a joke. For that budget, I'd rather look at something newer on Airport Road (Gurgaon side) or even Badshahpur. At least there's potential for growth there. Old projects, high maintenance, zero appreciation. No thanks.
U1, exactly! I saw the actual price range for Millennium Spire Central is ₹39 L – ₹48 L. So where is this 1.5 Cr figure coming from? Is the original poster talking about some super-premium unit or are they just mistaken? This is so confusing for first-time buyers like us.