B
Balwinder Dhillon
posted on 16 MayMohali 3BHK upgrade: are brokers really helping?
₹2.2 Cr for a 3BHK in Sector 60 – is this actually the going rate now, or are brokers inflating it? I’m currently in a 2BHK in Sector 65, thinking of upgrading, maybe a Central Park project. Saw a few 3BHKs, but the prices feel high. Builders are talking about spot discounts but it feels like they just hike the base price first. Is it worth dealing directly with builders or do brokers actually get better deals? Not sure if the price jump is justified, especially with my existing home loan.
#sector-60#3bhk#broker-advice#spot-discount#upgrade-dilemma
Comments
This is the classic broker strategy. They create artificial demand and scarcity. I was looking for a plot near Badshahpur last year, and the prices brokers were quoting vs what I found directly from owners was a 15-20% difference. It's worth trying to cut out the middleman if you have the patience. Builders might not give you a 'better' deal, but at least you avoid the broker's cut, which can be significant.
U9, for new projects, builders have their own sales teams, so you can contact them directly. Brokers usually come into play for resale or if you want multiple options across different builders without doing all the legwork yourself. The catch is their commission. For a 2.2 Cr property, even 1% is 2.2 lakh! That's a significant
But isn't it hard to find properties directly without brokers, especially for new projects?
Exactly! My cousin was looking in Baharampur Naya and had the same experience. Brokers were adding a hefty premium. Direct dealing is always better.
Spot discounts are mostly a marketing gimmick, sahi kaha aapne. They hike the base price by 10-15% and then offer a 5% 'discount'. Always try to negotiate directly with the builder's sales team, they sometimes have a small buffer.
Bhai, Central Park ka brand value hai. But 2.2 Cr for a 3BHK is still a lot, especially if you're upgrading with an existing loan. Did you check other developers in Sector 60 or nearby? What's the carpet area they are quoting?
Haan, carpet area is crucial. Builders often quote super built-up. Make sure to ask for the RERA carpet area. For 2.2 Cr, if it's less than 1400-1500 sqft carpet, you're paying a premium. I checked a similar project in Baliawas and they were transparent with carpet area, but the price was still high.
U2, I think for that budget, the carpet area should be at least 1500 sqft. Anything less, and it's definitely overpriced. Developers like EMAAR or OMAXE might have slightly better deals in Sector 82/83.
Totally agree yaar! 2.2 Cr for a 3BHK in Mohali sounds steep, even for Sector 60. Brokers toh hamesha inflate karke hi batate hain. Same experience with projects near Airport Road, Gurgaon, prices went crazy there too.