Mohali RTM: Is Laburnum worth the stretch?
Ready-to-move projects in Mohali feel like a safer bet these days, honestly. I'm looking at my first property, budget around ₹1.5 Cr, maybe stretch to ₹2 Cr. My parents keep saying completed projects mein koi headache nahi hota possession ka. I've been checking out Laburnum Victory Floors and The Antriksh Heights, both completed. Laburnum ka price thoda high end hai, around ₹2.35 Cr, aur Antriksh Heights ₹99L se ₹2.29 Cr tak jaa raha hai. Honestly, builder ka track record kaisa hai in Mohali for these two? For someone like me, investing for a 5-year appreciation, which one makes more sense? Not sure if the higher price of Laburnum justifies the potential returns ya Antriksh Heights better investment hai. Koi experience share kar sakta hai?
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Okay, so if Laburnum is in Gurgaon, then the original question about Mohali appreciation is moot for that project. Let's assume Antriksh Heights is the Mohali project. For 5-year appreciation, Mohali market is good, but you need to check the exact location. Is it near the airport or closer to Chandigarh side? That makes a big difference. Also, that 2025-03-01 possession date for a 'completed' project seems off. Is it completed or is it nearing completion and that's the final handover date?
U9, you're right about the possession date. For a truly completed project, possession should be immediate. That 2025 date for Laburnum (if it's the one from the RERA info, which is Gurgaon based) might be the date they started giving possession or the last possible date they are allowed to give possession as per RERA. It's confusing. Mohali mein the specific locality within Antriksh Heights matters a lot for appreciation, like if it's in Sector 126 or towards Baliawas.
My friend booked in Antriksh Heights a few years back, and he faced a lot of issues with possession delays. Uska flat finally mila, but the interior finishes needed a lot of work. He said he wouldn't recommend them for peace of mind. For a first-time buyer like us, this kind of stress is not worth it, even if the price looks good initially.
Agar Laburnum Gurgaon mein hai, toh uska 2.4 Cr price point makes sense for a completed project. But for Mohali, it's very steep. Antriksh Heights ka track record mixed hai. Kuch log bolte hain construction quality theek hai but delays bahut common the unke pehle projects mein. Mohali mein growth potential toh hai, especially around the new IT hubs.
Bhai, Laburnum Victory Floors ka RERA number toh RERA-GRG-PROJ-1085-2022 hai. Yeh Gurgaon ka RERA hai, Mohali ka nahi. Iska matlab project Mohali mein kaise hua? Ya koi confusion hai? I thought we were talking about Mohali.
Exactly U4! I was also scratching my head. Gurgaon mein toh 2.4 Cr for a floor might be okay, but in Mohali, that's a huge stretch. If it's a Gurgaon project, then the comparison with Antriksh Heights Mohali doesn't make sense. OP, please clarify where these projects actually are!
U4, good catch! I noticed that too. Aisa lagta hai OP ne info mix kar di hai. Laburnum Victory Floors, as per that RERA, is definitely in Gurugram. Mohali mein koi aur project hoga us naam se ya OP ko confusion ho gayi hai. This changes the whole discussion if it's not Mohali.
Yaar, exactly my dilemma! I'm also a first-time buyer and my parents are pushing for RTM only. Mohali mein price points aise ho gaye hain ki samajh nahi aa raha. Laburnum ka 2.4 Cr toh kaafi high lag raha hai. Antriksh Heights ka range bahut bada hai, 99L se 2.29 Cr, usme kya mil raha hai is price mein?
Haan U1, Antriksh Heights mein jo lower range hai woh mostly compact units hain ya phir ground floor. Main bhi dekh raha tha. Laburnum ka price toh seedha-seedha out of budget kar deta hai for most of us. Mohali mein ab real estate bahut expensive ho gaya hai, especially near Airport Road.
U1, same pinch! Antriksh Heights mein 99L waale shayad 1BHK ya chote 2BHK honge. Jo bade units hain, woh definitely 2 Cr plus jaa rahe hain. I checked with a broker, Laburnum ka toh fixed hi hai 2.4 Cr for their floors, no negotiation. Is it even worth considering at that price for a 5-year outlook?