Investor's first Rajkot property: negotiation & true value
Mota Mava keeps coming up every time I shortlist something. Fed up of renting yaar, finally taking the plunge in Rajkot. I'm looking at a 3BHK, budget around ₹90L-₹1.1Cr, mostly in areas like Kalawad Road or near 150 Feet Ring Road. Builders like Maruti Group aur Pramukh Group ke projects dekhe hain. My biggest confusion is negotiation. Builders, especially Ansal API, quote a price, but kitna realistically negotiate kar sakte hain? I heard about some spot discounts but then also 'no-price-drop' policies. Is it just a few lakhs on a 1 Cr property, or can we push for more, especially with construction-linked plans? Also, this super area vs carpet area cheez bohot confusing lagi. They show huge super areas but carpet area toh bohot kam hoti hai. How do you guys calculate the real per sqft value for investment? Koi tips for an investor?
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U1, your point about super area vs carpet area is spot on! This is the biggest scam in Indian real estate, in my opinion. They quote per sqft rate on super area, which includes stairs, common areas, lift space, and what not. But actual usable space, the carpet area, is sometimes 30-40% less. How do we even compare projects effectively when this metric is so manipulated? Is there a standard loading percentage we should look out for?
I got burned by this once. Builder showed me a beautiful sample flat, quoted a super area price.
You're absolutely right, U6. Always ask for the carpet area, which is legally defined now under RERA. The 'loading' factor is typically 25-35%. So, if they say 1500 sqft super area, expect around 1000-1100 sqft carpet area. To calculate real per sqft value, divide the total property cost by the carpet area, not super area. That's the only way to compare apples to apples.
Bhai, your situation is exactly mine! Budget bhi same hai aur Rajkot mein hi dekh raha hoon. Mota Mava is definitely popular but negotiation ka scene toh sab builders ke saath tough lagta hai. Ansal API ka toh maine bhi suna hai, they are quite rigid. Have you checked out any projects by Savaliya Group? Unka kya scene hai negotiation pe?
Sahi kaha U4. Aur RERA site pe bhi check kar lena builder ka track record. Delay toh nahi karte ye log?
Negotiation depends heavily on market conditions and how many units are left. If it's a new launch, chances are slim. Towards the end, when they want to clear inventory, you might get 2-3% off, but don't expect miracles on a 1 Cr property. Builders have their margins set.
Savaliya Group ke projects acche hain, but price bhi premium hoti hai. Negotiation ka chances kam hi lagta hai wahan.
Mota Mava keeps coming up every time I shortlist something. Fed up of renting yaar, finally taking the plunge in Rajkot. I'm looking at a 3BHK, budget around ₹90L-₹1.1Cr, mostly in areas like Kalawad Road or near 150 Feet Ring Road. Builders like Maruti Group aur Pramukh Group ke projects dekhe hain. My biggest confusion is negotiation. Builders, especially Ansal API, quote a price, but kitna realistically negotiate kar sakte hain? I heard about some spot discounts but then also 'no-price-drop' policies. Is it just a few lakhs on a 1 Cr property, or can we push for more, especially with construction-linked plans? Also, this super area vs carpet area cheez bohot confusing lagi. They show huge super areas but carpet area toh bohot kam hoti hai. How do you guys calculate the real per sqft value for investment? Koi tips for an investor?