V
Vivaana Menon
Is the premium for upcoming luxury worth the wait?
Already have a home loan for my 2BHK in South Delhi and planning to upgrade to a 3BHK or maybe a villa. Cyrus Vivanta looks decent, ongoing hai, but Altura Safdarjung Enclave ke luxury builder floors ka price point kaafi high hai, honestly not sure if I can swing it. Is that premium justifiable for Altura, considering it's upcoming and the possession risk? Total cost of ownership, including all those hidden charges, kitna differ karega? And for a 5-year view, which one makes a better investment?
#new-delhi#property-upgrade#luxury-homes#investment#possession-risk
Comments
Honestly, Altura Safdarjung Enclave sounds like a money pit for first-time buyers. The premium is probably for investors who can absorb the risk and wait. For a 5-year view, the capital appreciation might be higher for Altura, but the initial cost of ownership and the risk of delay would eat into any potential gains. Cyrus Vivanta, if it's genuinely available at ₹40 L and ready, is safer. But verify the actual property, because that price is suspicious for a South Delhi 3BHK.
I checked Cyrus Vivanta on RERA. It's showing 250 units, possession by 2021. But ₹40 L seems like a very old price, or for a very small unit. For a 3BHK upgrade, that budget feels tight. Altura ka luxury toh theek hai, but the 'upcoming' part is the biggest red flag. Agar financial stretch ho raha hai, toh risk lena theek nahi hai. Maybe look for something mid-range in between these two extremes.
Mujhe lagta hai Altura Safdarjung Enclave ka premium uski location aur exclusivity ke liye hai. Builder floors in prime areas like Anand Niketan or Safdarjung always have a niche market. But you're right about the possession risk. Mera bhai Alaknanda mein ek project mein invest kiya tha, 2 saal delay ho gaya. So, upcoming projects mein bahut research karna padta hai. Cyrus Vivanta toh ready hai, but ₹40 L mein 2BHK se 3BHK upgrade, I doubt the size would be significantly larger for that price.
Exactly! My cousin had a bad experience with an 'upcoming' project near Anand Vihar. Builder kept extending dates. Cyrus Vivanta ka ready-to-move status is a huge plus point for peace of mind. But ₹40L is low for South Delhi, even for a 2021 possession. Is it a 1BHK being marketed as a 2BHK, or something like that? Need to check carpet area and actual unit configuration.
U5, you've hit the nail on the head. Exclusivity comes at a cost, and often with hidden surprises. Also, the current market conditions in Delhi are a bit volatile for luxury projects. Resale value can be tricky if the market slows down. For a 5-year view, a proven track record matters more than just a fancy address.
Sahi baat hai, U5. Location ka value toh hai. But for first-time buyers like us, budget is king. Agar Altura mein phans gaye toh EMI aur rent dono dena padega, which is a nightmare. Cyrus Vivanta ka ready status tension free lagta hai, but is it really an upgrade from a South Delhi 2BHK? Details needed.
Dekho, Cyrus Vivanta ka possession date 2021-03-01 hai, which means it's already delivered. So, no possession risk there. But the question is, why is it still available at ₹40 L if it's ready? Usually ready-to-move properties command a higher premium. Something feels off. Altura, being in Safdarjung, will definitely have a higher appreciation potential in 5 years, but the entry barrier is massive.
Bhai, this is exactly my dilemma! Cyrus Vivanta looks good on paper, especially with that ₹40 L price point, but Altura Safdarjung Enclave ke luxury tag mein kuch toh baat hogi na? But that 'upcoming' status aur high price bahut darr lag raha hai. Kya Altura ka premium sach mein worth it hai for a first-time upgrade? Kahi phas na jaayein.
Honestly, Altura ka price point Safdarjung mein toh high hoga hi. It's a premium area. But luxury ka tag dekh ke bhi, builder floors mein hidden costs bahut hote hain. Maintenance, amenities, registration, sab milake it shoots up. Cyrus Vivanta ka ₹40 L for 250 units, seems too good to be true for South Delhi. Kya ye project legit hai? RERA details check kiye kya?
Yaar, I'm with you U1. Safdarjung Enclave is a prime location, no doubt. But the possession risk for upcoming projects is real. My friend booked in Ansal Villas a few years back, aur ab tak possession ka wait kar raha hai. Cyrus Vivanta ka possession date toh 2021-03-01 dikha raha hai, means it should be ready, right? But ₹40L for a 2021 project, is it really an upgrade or just a lateral move?