D
Deepa Verma
posted on 19 MayIs ₹95 lakh for a 3BHK realistic?
₹95 lakh for a 3BHK in Greater Faridabad – realistic? I'm upgrading from Sector 15. How to verify RERA registration and titles for builders like Goyal Estate Agency? What are our actual legal options if they delay possession?
#rera-compliance#title-verification#possession-delay#greater-faridabad#goyal-estate-agency
Comments
It's a tough spot for first-time buyers like us. The dream of owning a 3BHK for ₹95 lakh is very appealing, especially coming from Sector 15 where prices are much higher. But the risks with an unknown builder like Goyal Estate Agency (with zero projects) are too high. My advice would be to spend a little more, or look for a slightly smaller configuration, but with a RERA-registered builder with a proven track record. Peace of mind is priceless when it comes to your home.
U13, you're absolutely right. It's so frustrating that good deals often come with such huge risks. The real estate market is just a minefield for us common people.
So, what did the original poster decide to do? Did you go ahead with it or find another option?
To answer the RERA verification question directly: Go to your state's RERA website (e.g., Haryana RERA). There's usually a 'Registered Projects' or 'Registered Agents' section. You can search by builder name or project name. If Goyal Estate Agency or their specific project isn't listed, that's a huge red flag. Builders with '0 projects' on official records often try to operate in the grey area, making it very risky for buyers. Always get a RERA-registered project, it offers much more protection.
U10 makes a very important point. If they're not RERA registered, then all the legal options for delay become moot. It's like fighting in the dark. This Goyal Estate Agency seems like a big headache waiting to happen.
And what about verifying the land titles? How do we ensure the land they're building on is clear and dispute-free before booking?
Okay, I understand the caution, but isn't ₹95 lakh for a 3BHK in Greater Faridabad a pretty good deal in today's market? Prices everywhere else are skyrocketing. Maybe they are a new builder trying to establish themselves? Has anyone actually visited their site or seen any progress?
U7, you're right about the prices, Faridabad market is heating up, especially in areas like Sector 35 and beyond. But a deal like this from an unknown entity feels off. What are the current market conditions for reputable builders in Greater Faridabad for a similar configuration?
New builder or not, '0 projects' means ZERO track record. That's not a 'good deal', that's a gamble with your life savings. Stay away.
My friend almost fell for a similar deal near Sector 35 a couple of years back. The builder promised the moon, but construction never really took off. Eventually, they just vanished with people's initial booking amounts. For Goyal Estate Agency, I quickly checked online, and it shows 'Total projects: 0'. This is a massive alert signal. Don't just go by fancy brochures or site visits; dig deep into their past projects, if any exist.
U5, you absolutely have legal options under RERA if the builder is registered. If they delay, you can claim interest on the amount paid or even withdraw from the project and get a full refund with interest. But the catch is, *if* they are RERA registered. For Goyal Estate Agency, with 0 projects, chances are they might not even be registered, which makes things much harder. Always check the RERA website first for their project registration number.
That's my worst nightmare, getting caught in delays. If they do delay possession, what are our actual legal options as buyers? Is there a strong legal framework in India for this, or do we just keep running after them?
Bhai, ₹95 lakh for a 3BHK in Greater Faridabad sounds tempting, especially if you're upgrading from Sector 15. But Goyal Estate Agency? I've heard mixed things, actually, scratch that, I haven't heard *anything* concrete about them. Zero projects listed anywhere official, which is a massive red flag. Please be super careful, this price might be too good to be true.
Exactly! My biggest fear is getting stuck with an unknown builder. How do we even verify RERA registration for someone like Goyal Estate Agency if they don't have a track record? The RERA site is confusing for new builders.
Totally agree with U1. Zero projects? That's a huge risk for a first-time buyer like us. The price itself seems decent on paper, but if the builder isn't reliable, it's not worth it.