T
Tarun Jain
posted on 12 MayMohali secondary market: Am I missing real value?
Since last year I'm eyeing properties in Mohali, especially Sector 85. I'm in real estate myself but buying for personal investment is different. Builders like AS Estate have new projects but their pricing feels firm. I'm wondering about secondary market deals now. Can you actually find underpriced assets there? Is negotiation more flexible on resale properties than with builder direct? What's the real ground reality for an investor trying to maximize ROI?
#mohalirealestate#secondarymarket#investor#sector85#negotiation
Comments
I'm also a first-time buyer and this discussion is super helpful. What kind of price difference are we talking about per sq ft between a new builder project and a well-maintained secondary property in Sector 85 or nearby? Is it enough to cover potential renovation costs?
Mohali secondary market is definitely worth exploring. I was looking at properties near Badshahpur a while back, but then shifted focus to Mohali for better value. My cousin just closed a deal on a resale apartment in Sector 91 Mohali. Got it at a decent price, almost 12-15% below the current builder rates for similar new construction nearby. The only catch was that the flat needed some minor renovations, which he factored into his budget. Negotiation is possible, especially if the seller is relocating or needs funds urgently.
Growth potential toh Mohali mein Gurgaon se better lag raha hai abhi. Gurgaon mein toh prices already sky-high hain, even in developing areas like Baharampur Naya. Mohali mein still entry points better hain, especially for first-time investors looking for ROI.
That's a good deal! Sector 91 ka future kaisa hai? Growth potential hai kya wahan?
I agree with U1. Builder prices are fixed. Secondary market mein negotiation ka scope definitely zyada hota hai. My uncle recently bought a 3BHK in Mohali, Phase 7, through resale. He got a good 10-15% less than what a new project in a similar area would cost. But due diligence is key, get all papers checked thoroughly.
So basically, lawyer se saare papers check karwao. Par aur kya-kya cheezein hain jo secondary market mein dekhni chahiye besides legal? Koi hidden maintenance issues ya society problems?
U3 is right about due diligence. My friend almost got duped with a resale property near Airport Road in Mohali. The original owner had some loan issues on it. Luckily, they found out during the legal checks. Always spend extra on a good lawyer for secondary market deals. This is not like buying a flat from a big builder where paperwork is usually cleaner.
Bhai, you're not missing anything. Builder projects mein toh premium lagta hi hai for the 'new' tag. Secondary market mein real gems mil jaate hain, but you need to be patient. I've seen some good deals in Sector 88 also, especially if the seller is in a hurry.
Since last year I'm eyeing properties in Mohali, especially Sector 85. I'm in real estate myself but buying for personal investment is different. Builders like AS Estate have new projects but their pricing feels firm. I'm wondering about secondary market deals now. Can you actually find underpriced assets there? Is negotiation more flexible on resale properties than with builder direct? What's the real ground reality for an investor trying to maximize ROI?
Haan, builder pricing is a pain. But secondary market mein bhi hidden costs aur legal issues ka darr rehta hai. What kind of specific challenges did you guys face when looking at resale properties in Mohali?
Totally relate yaar! Builders toh apni pricing se hilte hi nahi. I tried negotiating for a flat in Sector 85 a few months back, but they were super rigid. Secondary market offers more room for negotiation, for sure.