Is DLF Siris Estate overpriced for investors?
DLF Siris Estate — been tracking this one for a while, prices seem... high. For ₹6.54 Cr–₹9.04 Cr, I'm trying to figure out the real value proposition. The per sqft rate feels steep compared to other luxury projects in Gurgaon, especially given it's still ongoing. What's the community's take on its actual current market price trend? Is there significant upside left for capital appreciation or is most of it already baked in? Also, what's the investor to end-user ratio looking like? Don't want to get stuck in a ghost society affecting future rental yields. And importantly, any RERA compliance red flags or any concerns with DLF's delivery track record on similar projects? From my experience, these details make or break long-term ROI. Should I consider this a calculated risk or is it just overpriced for the current market?
Comments
But DLF ka name bhi toh hai! Maybe that's why the premium? I mean, their projects usually hold value. The amenities look top-notch from the brochure. I'm just worried about the investor-to-end-user ratio. Agar ghost society ban gayi toh rental yield ka kya hoga? Is there any way to check this?
Naam pe kitna paisa doge? Yeh toh over-the-top lag raha hai. Ghost society ka darr toh genuine hai, I'm facing the same dilemma with another project.
Yaar, I completely get what you're saying. ₹6.5 Cr is a huge amount for an ongoing project. I was looking at something similar near Airport Road and even those ready-to-move options weren't this steep. The per sqft rate here feels like they're banking purely on the DLF brand name. Kya lagta hai, is the appreciation really there, ya sirf hype hai?
Haan, delays toh normal ho gaye hain ab. But for this price range, you expect precision. If it's mostly investors, then resale market might be tough if everyone tries to exit at the same time. Jo aapne bola, the sales rep thing, sounds like they're creating artificial demand, which is scary.
See, I actually visited the site last month. They're pushing the 'exclusive' tag hard. The sales rep said the 48 units are almost all pre-booked by investors looking for long-term gains. But the possession date (October 2024) is still a bit far, and given DLF's past projects, sometimes these timelines stretch. My friend booked in another DLF project a few years back, and it got delayed by almost a year. So, the RERA number (RERA-GRG-PROJ-757-2020) is there, but delays can still happen. That's a big risk for capital appreciation, right?
Totally agree, bhai! Siris Estate ka price sunke hi darr lagta hai. Budget mein hi nahi hai, hum jaise first-time buyers ke liye toh sapna hi hai.