V
Vivek Tiwari
posted on 20 MayMohali investment: So much legal confusion
How do you actually check RERA registration and builder legal track record in Mohali? I'm eyeing Mayfield Garden Luxury Floors. What title verification steps are crucial before committing capital to Hercules Ventures LLP?
#rera-compliance#builder-due-diligence#title-verification#mayfield-garden#investor-advice
Comments
Mere friend ne bhi Badshahpur mein ek naye builder ke project mein invest kiya tha, pehla project tha unka. Teen saal se zyada ho gaye hain, abhi tak possession nahi mila. Sirf excuses milte hain. Market conditions Gurugram mein bhi tight hain, builders ko funding issues aa rahe
Guys, I did some digging. Hercules Ventures LLP ka RERA portal pe check kiya toh pata chala ki inka 'total projects: 0' show ho raha hai. This means Mayfield Garden Luxury Floors is their *first* project. Is it wise to invest in a builder's very first venture, especially when it's a big ticket item like luxury floors in Mohali? Yeh toh bahut bada red flag hai mere hisaab se.
How reliable is the RERA portal for 'total projects'? Sometimes new entities are formed by experienced people. Is there a way to verify the partners' past experiences? Or is 'total projects: 0' a definite no-go sign for Hercules Ventures LLP?
0 projects? OMG! Yeh toh sabse pehle check karna chahiye tha. Agar builder ka koi previous experience hi nahi hai, toh unki delivery capability aur quality pe kaise trust karein? Mohali mein competition itna hai, why take such a huge gamble?
Wait, seriously? Total projects 0? That's a huge shocker! Maine bhi RERA pe check kiya, you're right. I was almost going to put down the booking amount for a 3BHK. Thanks for this crucial info, U5. Meri toh neend udd gayi ab.
Mayfield Garden Luxury Floors ka location toh accha lag raha hai, Airport Road (Gurgaon side) se Mohali tak ka connectivity bhi smooth ho raha hai. Par Hercules Ventures LLP ke baare mein maine bhi suna hai ki they are relatively new. Kya inka koi aur project hai market mein? Pricing wise toh theek lag raha hai, but quality aur possession ka guarantee kaun dega?
Naye builder se toh dur hi raho. Especially jab luxury floors ki baat ho. Unka track record hi nahi hai. Mohali mein aur bhi established builders hain jo kaam kar rahe hain. Kyun risk lena jab itna bada investment kar rahe ho?
Totally agree! Location is prime, that's what caught my eye too. But builder ka naam sunke thoda doubt ho raha hai. Koi batao, kya inka koi delivered project hai already? Warna risk bahut zyada hai, especially for luxury floors.
Yaar, Mohali mein investment ka soch raha hoon, but yeh legal confusion sach mein dimaag kharab kar raha hai. RERA registration check kaise karte hain exactly? Aur yeh builder ka track record kaise pata karte hain? Mayfield Garden Luxury Floors ka naam toh suna hai, but Hercules Ventures LLP ke baare mein kuch idea nahi. Bahut nervous feel ho raha hai, kahin paisa doob na jaye. Koi help karo please!
Bhai, RERA website pe jaake project ka naam ya builder ka naam daalo. Agar registered hai toh details mil jayengi. Lekin Hercules Ventures LLP ka naam maine bhi pehle nahi suna. Naye builders se toh darr lagta hai, especially first-time buyers ko.
Same pinch! Main bhi Mohali mein dekh raha hoon, Sector 115 ke paas, but har jagah itne naye projects hain. RERA website pe check karna toh theek hai, but wahan bhi saari information clear nahi milti. Builder ka past projects kaise verify karein, that's the real headache.