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Esha Verma
Ireo Pride Park's resale market: will it even exist?
Since January I've been shortlisting flats in this city, and honestly, the prices make my head spin. I'm eyeing Ireo Pride Park in Gurgaon, upcoming project hai. My budget is around ₹1.5 Cr, planning this purely for investment, not for living. But yaar, I'm super concerned about the resale market once it's done. Will there be enough demand to exit easily in 5-7 years, ya fir it'll be a ghost town with only investors? Not sure if the projected capital appreciation justifies the under-construction risk. Ireo ka delivery track record kaisa hai? My parents keep saying 'builder pe bharosa mat karo'. Any actual experiences with resale value for similar upcoming projects? Should I even consider it?
#gurgaon-property#ireo-pride-park#resale-value#under-construction#investment
Comments
Ultimately, it's a gamble. Gurgaon market always has demand, but the specific micro-market of an 'investor-heavy' project can be tricky. If you're purely looking for investment, maybe consider other options too, jahan builder ka track record better ho ya ready-to-move properties dekh lo. Under-construction ka risk high rehta hai for first-time buyers. What did you finally decide after all this discussion?
Agar yeh project mostly investors ke liye hi hai, toh rental yield ya capital appreciation ka kya scene rahega? Koi actual data points hain jo suggest karein ki is area mein itne saare investors successfully exit kar paate hain with good returns? Total units 300 hain, it's not a small number for a niche investor-heavy project.
My personal experience with under-construction projects for investment has been mixed. Ek project Baliawas ke paas liya tha, usme toh returns mil gaye, but dusra jo sector 65 mein tha, usme bohot time laga. Ireo Pride Park ka price range ₹1.4 Cr – ₹2.4 Cr hai, aap ₹1.5 Cr pe le rahe ho. Try to negotiate hard, because that extra buffer can save you during exit. Aur haan, builder pe bharosa mat karo, especially with the current market conditions in Gurugram, delays are common.
Exactly! Builder ne phir se date extend kar diya lol. Frustration hi frustration hai. Parents ki baat suno, they are usually right.
Dekho, official date toh 2029-01-01 hai. But given Ireo's past, I'd mentally add another 1-2 years buffer. Investors ko yahi risk lena padta hai. Baharampur Naya ke side ke projects mein bhi yahi haal hai, builders don't stick to deadlines.
Toh fir Ireo ka possession 2029 tak mil jayega kya? Ya aur delay hoga?
Dekho, Gurgaon mein investment ka potential hamesha high rehta hai, especially in prime locations. Ireo Pride Park ki location acchi hai. Agar aap 5-7 saal ka horizon leke chal rahe ho, I think demand toh rahegi. Airport Road ke paas ke projects ne bhi accha return diya hai. Budget 1.5 Cr hai toh entry point bhi theek hai.
True, location is key. But jaisa aapne Ireo ke track record ka pucha, that's a genuine red flag. Mere ek relative ne 2015 mein booking ki thi, aur abhi bhi builder date pe date de raha hai. Plus, 300 units hain, toh supply side se bhi thoda over-saturated feel ho sakta hai agar sab investment ke liye le rahe hain. Check the RERA number GGM/841/573/2024/68, it's fairly new, so progress dekhna padega.
Sahi keh rahe ho ki Gurgaon mein demand hai, but is specific project ka issue ye hai ki it's mostly investors. Jab sab ek saath exit karne lagenge, toh competition badhega aur prices pe pressure aayega. Especially in a market jahan high-rise apartments ki supply already bahut zyada hai. Badshahpur side bhi similar issues dikhe hain.
Yaar, I totally get where you're coming from. Ireo ka track record bahut patchy raha hai, especially delivery delays. My friend booked in another Ireo project near Golf Course Extension Road, aur abhi tak possession nahi mila hai. Resale value toh tab sochoge jab project complete ho! Is project mein bhi 2029 tak ka date hai, that's a long wait.