Ishaan Shrishti in Ghaziabad: A look at the builder and buyer confidence
Hey everyone, I've been looking into Ishaan Shrishti in Ghaziabad and wanted to share my observations, especially concerning the builder's background and what it means for us as potential buyers. Ishaan Group, established in 1997, seems to have a decent history with 10 completed projects under their belt. They're also associated with IRS Housing and Infrastructure Ltd., which might suggest broader experience. Ishaan Shrishti itself is a completed project, spread over 4 acres, with units priced between ₹31.77 L and ₹57.47 L, averaging around ₹3950 per sqft. This pricing suggests it's aimed at end-users looking for practical, mid-segment homes. Its location on NH-24 certainly offers good road connectivity, which is a big plus for daily commuting and overall lifestyle in Ghaziabad. However, a point that stood out is the 'N/A' status for RERA registration. For a completed project, this could mean it was finished before RERA came into effect, or there's another reason. This lack of a clear RERA number can impact buyer confidence and future transparency, which is key for long-term credibility. While the builder has experience, understanding the RERA situation is vital for assessing customer reputation and security. My takeaway is this: While Ishaan Shrishti offers decent livability and value given its location and price point, prospective buyers should thoroughly investigate the RERA status and past customer feedback for the associated builders to ensure peace of mind. Experience is good, but transparency is better.
Comments
Look, it's a tight market for first-time buyers right now, especially in Ghaziabad where property prices have seen a steady increase. Ishaan Shrishti, with its 625 units, is a big project and the pricing is definitely competitive for a completed property. The RERA 'N/A' is a concern, yes, but it doesn't automatically mean it's a scam. It means you need to do extra homework. Check for the Occupancy Certificate (OC) and Completion Certificate (CC), talk to residents if possible, and scrutinize the builder's past projects. Sometimes, a project might have been registered under a different entity or had some exemption. Don't just rely on online info, visit the site and speak to people.
My cousin booked a flat in a similar pre-RERA project near Achchheja a few years back. The builder had a good reputation initially, but without RERA, when issues cropped up with amenities and common areas, there was no easy recourse. They had to form a society and fight for every little thing. The builder just dragged their feet. Ishaan Group has 625 units here. Imagine the coordination needed if things go wrong without a regulatory body like RERA overseeing it. That price point might look attractive now, but hidden costs or maintenance issues later can wipe out all savings.
That's a scary thought. So, even if the project is completed, if it's not RERA registered, the builder can still cause problems with maintenance or other promises? I thought once possession is given, most of the risk is gone. Which locality was your cousin's project in, exactly?
U4, your cousin's experience sounds too familiar. It's exactly why I'm so hesitant.
The post says possession was December 2018. If it was completed then, wouldn't it still need RERA registration, even if it was just for the ongoing projects at that time? My understanding was that even if construction started before, if possession was post-RERA, it should be registered. Can someone clarify this RERA timeline for completed projects?
So basically, if no RERA, then buyer beware? What about the track record of Ishaan Group with their 10 completed projects? Anyone here has experience with them in Ghaziabad, maybe in Abhay Khand or Afzalpur?
U8 explained it well. Builders sometimes try to get around it by claiming 'deemed completion' or something. It's a grey area they exploit. For us buyers, it means less protection. Always ask for the Completion Certificate (CC) and Occupancy Certificate (OC) first. Without RERA, these become even more critical.
U3, you're right to ask. The RERA Act came into full effect in May 2017. Any project where the completion certificate wasn't issued by that date, or where possession was after that, typically needed RERA registration. Given Ishaan Shrishti's possession date of 2018-12-01, it *should* ideally have been registered. This N/A is definitely something to dig into.
But at ₹3950 per sqft, and in Ghaziabad right on NH-24, that's a pretty good deal, no? For a completed project, it's not like you're waiting endlessly for possession. My main concern is getting a decent home within budget, and this seems to tick that box. Connectivity is a huge plus point for me for daily commute, especially if I'm looking at areas like Ahinsa Khand II, which can get a bit congested.
Yaar, that 'N/A' RERA status is making me super nervous. For a first-time buyer like me, RERA registration feels like the only safety net. How can a completed project not have it? Is it really just because it was finished before RERA, or is there something shady going on? This is exactly the kind of thing that makes me second-guess everything, especially with my limited budget. I’ve heard so many horror stories.
Sahi keh rahe ho, RERA is important. But for projects completed before RERA came into effect (July 2017), they often don't have a RERA ID. Ishaan Shrishti's possession date was Dec 2018, so it's a bit borderline. Sometimes builders apply for retrospective registration, sometimes they don't if it's already done. But still, for peace of mind, one should always check the builder's reputation.
Totally agree with U1. RERA is non-negotiable for me. This 'N/A' is a big red flag.