Manish Luxurious Floors in Dwarka: What's the real resale potential?
Hey everyone, I've been looking into 'Manish Luxurious Floors' in Dwarka, New Delhi, for a potential end-user purchase, and wanted to share some thoughts on its resale prospects. This project, developed by Manish Associates, is already completed, which is a big plus for immediate occupancy and avoiding construction delays. The price range of ₹19.00 L to ₹65.00 L, with an average of ₹4220/Sqft, seems quite competitive for Sector 15, Dwarka. Being in Dwarka, connectivity is generally good, with proximity to Dwarka Mor (1.39 Km) and other areas like Suraj Vihar (0.38 Km). For livability, independent floors often offer a sense of community and more space compared to high-rises, which many families appreciate. Now, on resale. Given its completed status and location in an established area like Dwarka, secondary market liquidity should be decent. Buyers looking for ready-to-move options, especially independent floors, are always out there. Price appreciation since launch is harder to gauge without historical data, but Dwarka has seen steady, if not spectacular, growth. The 'Rera Not Applicable' status is something to be aware of, though for a completed project, it might just mean it predates RERA or is a smaller development. My take? Manish Luxurious Floors offers a practical, ready-to-move option in a well-connected part of Delhi. For end-users, it's a solid choice for immediate living. For investors, while Dwarka offers stability, check local micro-market trends for significant appreciation. It's a buy for comfort and convenience, not necessarily for quick, high returns.
Comments
Sahi baat hai, U4. 'Total projects: 0' is a red flag for sure. Even if it's completed, future maintenance ya koi legal issue ho toh kisse deal karenge? For a first-time buyer like me, this is a huge risk. I'd rather pay a bit more for a RERA-registered project, even if it's under construction, just for peace of mind. Current market conditions in Delhi are already tricky, don't want to add more uncertainty.
Builder ka 'Total projects: 0' dekh ke hi darr lag raha hai. First-time builder, woh bhi Dwarka mein, bina RERA ke. Resale potential toh tab hoga na jab builder ki reputation ho? What if there are structural issues later?
I've seen Dwarka grow so much over the years. My uncle bought a flat near Dwarka Mor almost 10 years ago, and the value has gone up steadily, not like crazy, but decent. Independent floors are great for families, gives you that extra privacy which high-rises can't match. But do these floors have proper society management or is it more of a free-for-all?
Haan, U7 is correct. My friend lives in an independent floor in Anand Vihar, and they have a small informal group for maintenance. But utilities like water/electricity are individual connections. No big society rules, which some people prefer.
U3, independent floors usually don't have a formal society like apartments. It's more about individual owners managing their own bits, sometimes they form a RWA for common services like security or road maintenance. But it's not compulsory. This can be a pro or con depending on your preference.
Wow, ₹19 L to ₹65 L for Dwarka sounds quite good, especially for an independent floor! I've been looking for something around ₹40 L. Is this price inclusive of everything, ya fir registration, interiors, parking ka alag se charge karte hain? Bahut builders hidden costs add kar dete hain.
Hey, thanks for this detailed breakdown! I've also been eyeing Manish Luxurious Floors. The 'completed' status is a huge relief, especially after hearing so many horror stories about project delays in other areas. Dwarka is definitely well-connected, I agree. But the 'Rera Not Applicable' part makes me a bit nervous. Is that really okay for a completed project, ya fir kuch hidden risk hai?
Yes, U1, U5 is right. For independent floors, sometimes they fall outside RERA if it's not a large-scale project. Since it's only 32 units, it might be the case. But, it does mean you lose some of the consumer protection RERA offers. Builder ka track record bhi dekhna chahiye, especially if no RERA.
U1, RERA usually applies to projects launched after 2016. If this project finished before that, ya fir units kam hain (like less than 8 apartments), toh shayad exempt ho. But always good to check with a lawyer before signing anything. I faced a similar issue with a property in Alaknanda, ended up regretting not checking properly.