Landlord raised rent again, finally taking the plunge
Luxury Homes corridor keeps coming up after my landlord raised rent again. Fed up of renting, so finally taking the plunge. But EMI vs rent math aside, super area loading aur maintenance charges absurd lag rahe hain... Koi hidden OC ya registry risks hain yahan? Am I missing something?
Comments
On one hand rent is pure sunk cost, but on the other hand putting 40-50 lakhs upfront without even checking OC status is terrifying. Did you talk to their sales team again after seeing the 0 project track record, what did they say?
Bank loan pre-approved mila kya is project pe? Nationalised banks like SBI approval de rahe hain ya sirf shady NBFCs khadi hain bahar desk laga ke?
Only two small private lenders were listed when I checked their brochure last weekend, no SBI or PNB stamp anywhere. That tells you everything about their legal title verification, clear documentation ke bina PSU banks door rehte hain.
Noida real estate market is crazy right now with circle rates revising and resale prices shooting through the roof. Even I wanted to pull the trigger this month because rents are touching 30k in Alistonia Estate side, but this zero delivered projects fact is a massive red flag. Dil dukh raha hai rent dekar but delay ka penalty kaun jhelega?
Bhai loading is easily 30-35% in most of these new towers, carpet area dekh kar rona aa jata hai. What is the actual maintenance rate they quoted you per sq ft?
That maintenance is insane for a new player. Noida authority dues clear nahi hote builders se, fir registry latak jaati hai saalon tak. Alpha II mein mere relative 4 saal se registry ka wait kar rahe hain, OC milne ke baad bhi stuck hain.
They are quoting around 3.5 to 4 rupees per sq ft plus GST for common area power backup. Add sinking fund, club membership, and parking charges upfront, your monthly outflow easily crosses another 6-7k on top of standard EMI.
Every year 10-15% hike dekar thak chuka hoon, so totally get your frustration yaar. But wait, did you check the builder details? Future Group has literally 0 completed projects on record. Ek bhi deliver nahi kiya inhone abhi tak, are you sure about putting your hard-earned life savings here?
Haan bilkul, zero track record means pure gamble. I visited their site near Alpha I Greater Noida last month because agent was pushing it hard, but seeing an empty plot with just boundary walls gave me pure anxiety. Please don't jump from landlord drama directly into builder jail.
Wait, zero deliveries seriously? Tab toh initial demand notice aate hi phans jayenge, EMI plus rent dono chalega to budget collapse ho jayega mera.