S
Sunita Dwivedi
Mohali mein high-end under-construction investment kaisa hai?
Honestly, I'm starting to think these super high-end projects are just a money pit for first-time buyers. Log Mahindra Luminare ki itni baat karte hain, but ₹6 Cr+ for an under-construction flat? Yaar, SS Linden bhi ongoing hai aur around ₹3 Cr mein mil raha hai. Investment potential kis mein better hai, considering the under-construction gamble? Seems like a huge risk for Luminare. Change my mind.
#mohali#investment#under-construction#mahindra-luminare#ss-linden
Comments
Dekho, both projects have their pros and cons. Luminare is definitely high-end, targeting a niche, so appreciation could be significant if the market holds, but the entry barrier is huge and liquidity might be an issue if you need to sell quickly. SS Linden offers a more accessible luxury, better for a first-time buyer like us. The ₹3 Cr price point is attractive, and the December 2024 possession isn't too far off. Ultimately, it comes down to your personal financial comfort and how much risk you're willing to take. Don't let FOMO drive your decision, research both thoroughly, visit sites, and talk to existing buyers if possible. What's your long-term goal from this investment?
Okay, so SS Linden sounds more sensible. But what's the actual price range and possession date for it? And kitni units hain total?
155 units? That's a decent number. Not too crowded, not too sparse. But the December 2024 possession date means there's still a year to go. That's a lot of time for potential delays, especially with construction. I'd factor in at least a 6-month buffer mentally.
Yes, for SS Linden Residential Floors, the price range is ₹3.0 Cr – ₹3.1 Cr. Possession date is expected by 2024-12-01. Total units are 155. It's an ongoing project, so good progress is visible on site.
Sab theek hai, but Mohali mein investment? I'm a first-time buyer and always thought Gurugram, especially areas around Airport Road, would be safer for appreciation. Is Mohali really the place for high-end investment for us beginners? What's the rental yield scenario there?
Totally agree with U6. Mohali is a different ball game, but for ₹3 Cr, SS Linden is giving you a high-quality product. Where in Gurugram can you get a luxury floor for that price today? Even in developing areas like Baliawas or Baharampur Naya, good projects are hitting that mark or higher for smaller units. It's about relative value. Luminare at 6 Cr+ is for a very different segment of investors.
Mohali aur Gurugram ka market alag hai bhai. Gurugram mein, especially along Airport Road, demand hamesha high rehti hai because of corporate presence and connectivity. Current market conditions in Gurugram are seeing steady growth, but prices are already sky-high. Mohali offers better entry points for sure. Rental yield in Mohali might not match Gurgaon's immediate returns, but long-term growth is definitely there with the IT and education hubs coming up. For a first-timer, ₹3 Cr in SS Linden Mohali might be less risky than trying to find something similar in Gurgaon's premium pockets.
See, I get the budget concern, but high-end properties usually appreciate faster, especially from reputed builders. Luminare ka brand value alag hai. SS Linden is good, no doubt, but is the builder as established? What's their track record for timely delivery and quality?
RERA is good, but it's not a magic bullet. My cousin booked a flat near Badshahpur, Gurgaon, under-construction, thinking RERA se sab smooth hoga. Builder ne 2 saal delay kar diya, penalty bhi naam-matra mili. High-end ho ya mid-range, under-construction mein risk toh rehta hi hai. Luminare might be a big name, but 6 Cr+ pe koi delay ho toh kitna bada loss hoga, socho!
SS Group ka track record theek hai, especially with their previous projects in Gurugram. They're not a new player. Aur SS Linden ka toh RERA number bhi hai: GGM/557/289/2022/32. That gives some peace of mind, right?
Bhai, you're not alone. I've been eyeing properties for months, and these high-end under-construction ones just feel like a bottomless pit. ₹6 Cr+ in Mohali? Meri toh hawa nikal jaati hai sunke hi. SS Linden sounds more in my league, budget-wise.