Lump sum buyers, construction-linked plans are tricky
Since last Diwali, I've been seriously looking for a flat in Gurgaon. Kids have moved out, so my big house in Delhi feels empty. We're selling it, so I'll have a good lump sum, but I'm confused about payment plans. Should I go for construction-linked plans even if I have the funds? Or is it better to buy outright if possible? I'm mostly looking at 2BHKs, maybe 3BHKs in DLF City Phase I/II/III or even SARE Homes projects. Also, secondary market deals ka kya scene hai? Can you actually negotiate more on resale properties compared to new builder projects? Some brokers are showing us good options in older societies, but I'm worried about hidden charges or society maintenance issues later. Any experience or advice on this, especially for older developments in Gurgaon?
Comments
Yaar, this is exactly my dilemma! Selling my ancestral property in UP and will have a good lump sum. Builders always push CLP, but I feel like I'm giving them an interest-free loan. What if the project gets delayed? Happened to my cousin in Sector 65, Gurgaon. Three years late, and he was stuck paying rent and EMIs.
Totally agree with you! My biggest fear is project delay with CLP. Mera budget tight hai, cannot afford rent + EMI.