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Shweta Joshi
Kids' school admission next year, eyeing Goyal Luxury Floors
My kids' school admission is due next year and we need a bigger place ASAP. Looking at Goyal Luxury Floors by Rahul Mangla. It's upcoming, so I'm worried about possession delays. For ₹2.65 Cr, will it be genuinely good for daily family life? How's the neighborhood for schools and safety? Any insights on actual possession experiences?
#faridabad#goyal-luxury-floors#family-home#upcoming-project#possession-delay
Comments
It's a tough call, U1. On one hand, builder floors can offer more customization and often a better per-square-foot value than high-rise apartments. But the 'upcoming' status, low unit count, and 'Not Applicable' RERA are serious concerns, especially for a first-time buyer with school deadlines. Given the current market conditions in Faridabad, which has seen some stagnation recently, don't rush into anything. Maybe visit the site, talk to the builder about their past projects, and try to get references from previous buyers if any. A lawyer's opinion on the lack of RERA is also a must.
Let me put some facts straight here. The project 'Goyal Luxury Floors By Rahul Mangla' is indeed 'UPCOMING'. The official price range is ₹2.7 Cr, so ₹2.65 Cr is pretty much on par. The listed possession date is 2026-04-01. And the crucial part: RERA number is 'Not Applicable' and total units are only 4. Four units! This is typically a builder floor project, not a large-scale development. Such projects often fall outside RERA's purview if they are below a certain size. This means less regulatory oversight, and for us first-time buyers, that's a significant risk.
U10, 'Not Applicable' usually means the project, due to its size (less than 8 units or less than 500 sq m land area in some states), is exempt from RERA registration. It doesn't mean it's illegal, but it does mean you lose the RERA protection for delays, quality, and payment schedules. So, it's not 'completely unsafe' in a legal sense, but it definitely puts the buyer in a much weaker position if things go wrong. Due diligence becomes even more critical without RERA.
U8, U9, so 'Not Applicable' RERA means they don't *need* to register, or they just *haven't* registered? This is confusing for me. Does it make the booking completely unsafe?
Exactly, U8! Total 4 units means it's basically a single building with 4 independent floors. These are often developed by smaller builders, and while some are good, many lack the financial muscle to handle unexpected delays or cost overruns. The risk for us, the buyers, is much higher compared to a project with 100+ units.
But isn't Goyal Luxury Floors supposed to be high-quality? I saw some designs, they look really premium. I'm also a first-time buyer and the design attracted me. But the delay part is a huge worry. Does anyone know about their actual build quality if they delivered anything similar before?
U1, your concerns are exactly mine! I've heard mixed reviews about builders who do these 'luxury floors' without proper RERA. They often promise the moon but delivery gets delayed indefinitely. Are there any other good options in the Faridabad area, maybe near Sector 35, that are ready-to-move or have a solid track record for possession? School proximity is a must for me too.
U4, for Sector 35, you might want to check out some of the older, established societies. They might not be 'luxury floors' but they are usually well-maintained and have good connectivity to schools. For schools, Sector 35 and 37 have some decent options. But yes, for ready-to-move, options are fewer and pricier.
U4, I made a mistake with an 'upcoming' project a few years ago. It was a different builder, but the situation was similar – a small number of units, promised luxury. They kept extending the possession date citing various reasons, from material delays to 'approvals'. My kids' school admission was also a factor, and we ended up renting for another two years because of the delay. Please be very, very careful with 'upcoming' projects, especially if the RERA status isn't clear. Check their past projects physically, not just brochures.
Hey everyone, my kids' school admission is next year, so we desperately need a bigger place. I'm looking at Goyal Luxury Floors by Rahul Mangla. The price is ₹2.65 Cr, which seems okay for a luxury floor, but it's 'UPCOMING'. That makes me super nervous about possession delays. Rahul Mangla ka track record kaisa hai? Also, for daily family life, is the area good? What about schools nearby and safety for kids? Has anyone had actual possession experience with this builder or similar 'upcoming' projects? I really don't want to get stuck in a never-ending delay cycle.
Totally agree with U2. 'Not Applicable' RERA for such a big amount is very scary. ₹2.65 Cr is a lot to risk on an upcoming project without that layer of security. Price toh bahut zyada lag raha hai considering the uncertainty.
Bhai, you mentioned 'upcoming' and ₹2.65 Cr. My first red flag is always the RERA status. For Goyal Luxury Floors, it shows 'Not Applicable'. That's a huge risk for first-time buyers like us. Builder floors ke liye sometimes RERA nahi hota, but still, transparency ka issue rehta hai.