V
Vikram Kumar
posted on 10 MayIs 'Affordable Homes' corridor still undervalued?
Been looking for 8 months now and it's getting exhausting. I'm currently in a 2BHK in Sector 82, already have a home loan, and thinking of upgrading to a 3BHK or maybe a small villa. I've been eyeing the 'Affordable Homes' corridor in Gurgaon. Honestly not sure if it's still undervalued or if prices have already peaked there. Is the premium justified now? What are people's experiences? Any specific sectors or projects within that zone that still offer good value for an upgrade? Or have I missed the bus already?
#affordable-homes#gurgaon-real-estate#upgrade#investment-advice#3bhk
Comments
It's a mixed bag. Some projects are definitely overpriced now. Don't
I booked a 3BHK in a project near Airport Road (Gurgaon side) about 3 years ago, it was still under construction then. Possession is due next year, fingers crossed. Back then, it felt like a stretch financially, but now seeing the rates for similar properties, I feel I got a decent deal. The location is good for future appreciation, I believe, because of the connectivity. My only worry is the final quality of the fittings and internal finishes.
So, after all this discussion, is there ANY project in that corridor that still offers good value for money? Not asking for a steal, just something reasonable for a first-time upgrade. Any RERA registered projects with a good track record that are actually delivering on time?
For RERA registered projects, I heard good things about one project near Baharampur Naya, RERA ID PQR1234. They delivered Phase 1 on time. Still, check the site for actual progress and carpet area before committing.
I almost booked a flat near Baliawas last year, thinking it was undervalued and a great investment for an upgrade. But the builder kept pushing possession dates, prices went up for new bookings but construction quality looked average on my last visit. Pulled out at the last minute, lost some booking amount. Ab lagta hai I made a mistake, ya maybe not? It's such a gamble. The infrastructure is still catching up with the projects there, roads were bad.
While prices have gone up, for someone upgrading from a smaller unit, it still offers slightly better value than core Gurgaon. But yes, patience is key for infrastructure development. Gurugram market is generally hot right now, so finding a true 'steal' is tough.
Water issues are common in new areas. Prices jumped from 4500 psf to 7000 psf in 2 years for some projects there. Undervalued? Not anymore.
Bhai, exactly! Infrastructure is the biggest concern. My friend bought in Sector 70 and is facing water supply issues even after 6 months of possession. Builders promise the moon but deliver only half the facilities.
Haan bhai, same boat! I'm also looking for an upgrade from a 2BHK, currently in Sector 82 as well. This affordable corridor sounds good on paper, but prices are so confusing. Har builder ke rates alag hain. Did you check any specific projects or areas within that corridor yet?
Badshahpur side is definitely developing, but connectivity to main Gurgaon is still a bit of a pain. And 'affordable' tag is just for marketing now, don't fall for it blindly. Builders will promise the world.
Yeah, I saw a couple near Badshahpur, but the carpet area for a 3BHK felt so small, like a fancy 2BHK. Prices are definitely up from what I heard last year.