Kashyap Properties And Builders: A look at their track record and investor potential in New Delhi
Folks, let's talk about Kashyap Properties And Builders, specifically regarding their completed apartments in Raj Nagar 1st & 2nd, Palam Colony, South West Delhi. These are ready-to-move units, priced from ₹42 Lakhs to ₹94.99 Lakhs, averaging around ₹7,000 per sqft. Their 'COMPLETED' status is a definite plus for investors looking to avoid construction delays and get immediate possession or rental income. This reduces a significant chunk of risk often associated with under-construction projects. For capital appreciation, Palam Colony is a mature, established area. While it might not see explosive growth, steady, predictable appreciation is often the trend in such localities. Now, the RERA: N/A. This is a critical point. It suggests either these projects were completed before RERA came into effect, or they fall under thresholds not requiring registration. For investor confidence and assessing builder credibility, the absence of RERA means your due diligence needs to be extra thorough. You'll want to verify all legal documents, approvals, and perhaps most importantly, speak with existing residents or previous buyers about their experience with build quality and after-sales support. Without RERA, there's less regulatory oversight. My take: Ready possession is appealing, offering quicker ROI potential. However, the RERA status means a deeper dive into their past work and legal clearances is absolutely essential before committing any capital.
Comments
I'm with U1, the RERA part is making me super nervous. My budget is tight, and I can't afford any legal hassles or hidden issues. Maybe it's better to stick to RERA registered projects only, even if they are under construction? The peace of mind is worth a lot, especially for a first-time homebuyer like me.
₹7,000 per sqft in Palam Colony for a completed unit sounds reasonable, especially considering current property rates in Delhi. I mean, even in areas like Anand Vihar, prices are shooting up. If the paperwork is clean and the structure is solid, it could be a decent deal for capital appreciation. Mature areas do give steady returns.
The post says 'RERA: N/A' and implies it might be pre-RERA. But RERA came in 2016. Are these projects really that old? And if they are, what about the build quality after so many years? Has anyone here actually visited these specific apartments in Palam Colony? What's the ground reality like?
My broker mentioned some projects in that area that just 'slipped through' RERA registration for various reasons, not just age. So it's not always about being old. Sometimes it's small projects that fall below the threshold, or some builders just find loopholes. That's where the risk intensifies, because then there's no official grievance redressal.
U5, good question! I visited a flat in Palam Colony last month, not sure if it was Kashyap's, but it was an older building. The common areas looked a bit neglected, and wiring/plumbing seemed outdated. Definitely need to check the age and maintenance history very carefully. Pre-RERA doesn't mean bad, but it means more homework.
Honestly, the 'COMPLETED' status is such a relief. I've heard so many horror stories about delays and projects being stuck for years. My cousin is still waiting for possession in Alaknanda, booked 5 years ago! So, immediate possession is a big plus for me. RERA thing is a concern, but if it's genuinely an old project, maybe that's why?
Ready-to-move units sound great, especially in this market where builders delay projects like anything! But RERA N/A has me really worried. Is this common for older, completed projects? Aur Kashyap Properties ka track record kaisa hai, any idea? Palam Colony toh theek area hai but without RERA, thoda risk lag raha hai.
RERA ka na hona matlab paperwork mein bahut deep dive karna padega. Local approvals, completion certificate, occupancy certificate, sab kuch ek ek karke check karwana padega. Time consuming process hai and as a first-time buyer, it's very intimidating. Ye ₹42 Lakhs se ₹94.99 Lakhs ki range mein aur options dekhne chahiye humein.
Exactly U1! Mera ek friend ne Anand Niketan mein aise hi ek non-RERA project mein invest kiya tha, baad mein builder ne amenities ki saari promises bhool gaya. Legal battle mein phasa hua hai abhi tak. Ready-to-move is good but without RERA, it's like walking blind. Builder ki past projects ki quality check karo, that's crucial.
Bhai, RERA N/A is a HUGE red flag for me. Even if it's completed, what if there are structural issues later? Who do you go to? Kashyap Properties ka naam toh suna hai but not for anything big or super reliable. Be very careful.