K
Kunal Shah
Milan Apartments: My RERA check on delivery dates
After checking RERA for Milan Apartments, I noticed something interesting about the completion dates. Many units still show 'possession by Dec 2024' but site progress looks slow, making me wonder about actual delivery track record. I'm fed up of renting yaar, finally taking the plunge, but this delay risk is real. Also, I'm trying to gauge the investor ratio vs end-user. If most buyers are investors, resale potential might be tough later, right? Milan Apartments mein kya lagta hai, will it be a ghost society or actual families moving in? The EMI vs rent math only works if there's good resale in 5-7 years. Any insights on their builder reputation for on-time delivery?
#rera-status#project-delivery#investor-ratio#resale-value#first-time-investor
Comments
My two cents: Don't just rely on RERA dates. Visit the site multiple times, talk to the sales team but take their words with a pinch of salt. Also, check forums like this for older projects by the same builder. It gives a clearer picture. For Milan Apartments, if the site looks slow now, Dec 2024 seems highly improbable. It's a tough call for first-time buyers, especially with current interest rates. My advice: think about your financial buffer if there's a delay. Can you manage both EMI and rent for another year or two?
U7, that's a risky bet. 'Ramp up towards the end' usually means rushed work and quality issues later. I've seen it happen with projects near Alaknanda. Regarding investor vs. end-user, if you see too many units being sold in bulk to funds or big investors, that's a sign. Milan Apartments mein aisa kuch dikha kya kisi ko? Resale value depends a lot on the community vibe.
Exactly U8! Quality suffers when they rush. And about the investor ratio, I overheard a sales guy telling someone that a 'bulk deal' was being finalized for a few floors. That immediately set off alarm bells for me. Milan Apartments might end up being more investor-driven than end-user. This affects the feel of the place big time.
I'm a bit more optimistic. Developers often show slow progress initially, then ramp up towards the end. Plus, Delhi's real estate market abhi thoda slow hai, but it's bound to pick up in 2-3 years. Milan Apartments ki location toh acchi hai, so maybe resale won't be an issue if you hold it long enough. Ghost society wali baat is a concern, but if the prices are competitive, end-users eventually move in. What's the per sqft rate they are quoting?
Bhai, Milan Apartments ka builder pehle bhi famous hai delays ke liye. My friend booked in their Anand Vihar project a few years back, aur teen saal extend ho gaya possession. Unka track record utna accha nahi hai on-time delivery mein. RERA date toh bas ek formality hai, asal mein kab milega, nobody knows.
Haan, U4 is right. My cousin also had issues with them for a commercial property. They are known to stretch timelines. For Milan Apartments, if the RERA status is still 'null' for actual completion, and they're sticking to Dec 2024, that's a red flag. Be careful, especially if you're relying on that EMI vs rent calculation.
Oh no, this is exactly what I was afraid of hearing! Anand Vihar wala project bhi delay hua tha? This makes me super nervous. I thought Milan Apartments was a good option in this budget. Kya karein yaar, lagta hai har builder ka yahi haal hai. Is there any builder in Delhi NCR jo time pe delivery deta hai?
After checking RERA for Milan Apartments, I noticed something interesting about the completion dates. Many units still show 'possession by Dec 2024' but site progress looks slow, making me wonder about actual delivery track record. I'm fed up of renting yaar, finally taking the plunge, but this delay risk is real. Also, I'm trying to gauge the investor ratio vs end-user. If most buyers are investors, resale potential might be tough later, right? Milan Apartments mein kya lagta hai, will it be a ghost society or actual families moving in? The EMI vs rent math only works if there's good resale in 5-7 years. Any insights on their builder reputation for on-time delivery?
Sahi keh rahe ho U1. Investor ratio is a big deal. If it's mostly investors, then the society might feel empty, aur amenities ka maintenance bhi issue ban jata hai. Plus, resale ke time bahut competition hota hai from other investors. I'm worried about this too for Milan Apartments. Koi reliable data nahi milta.
Totally feel you, U1! I'm also looking at Milan Apartments and the RERA dates are confusing. I visited the site last week and it really didn't look like it's going to be ready by Dec 2024. My biggest fear is getting stuck with a delayed project and paying both EMI and rent. Builder ka naam toh suna hai but delivery ke baare mein zyada reviews nahi mil rahe. Did you check any other projects by them?