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Aarti Reddy
posted on 7 MayMy 2BHK upgrade dilemma: navigating Delhi's premiums
Budget finalised, loan pre-approved — now I'm stuck on value for money for my 3BHK upgrade. Currently in a 2BHK in Rohini, looking at Greater Kailash or even a villa. Builders like Deepak Kumar are quoting significant floor-rise premiums and PLC. Is that extra cost for a higher floor or corner unit really justified long-term for an investor? Or am I better off looking at secondary market deals in places like Chander Nagar where negotiation might be easier? Also, how do you read a builder's "spot discount" vs their "no-price-drop" policy? Really trying to maximise ROI here, any tips?
#3bhk-upgrade#floor-rise-premium#plc#new-delhi-investing#deepak-kumar
Comments
Be very careful with 'spot discounts'. Many builders inflate the base price just before announcing these 'discounts', so you're not really saving much. A friend of mine got burned by this with a project in Aram Bagh last year. He thought he got a great deal, but when we compared it to similar projects, the effective price was still on the higher side. Always do your homework on the actual per sqft rate in the area, not just what the builder is telling you after their 'discount'. The Delhi market is tricky right now, don't rush into anything.
This is exactly what I'm struggling with. Secondary market deals in Chander Nagar sound tempting – is the price difference really that big compared to Greater Kailash new builds? And what's the real deal with builder's 'spot discount' vs their 'no-price-drop' policy? It feels like a mind game. Any actual numbers or experiences?
U4, you hit the nail on the head. The 'spot discount' vs 'no-price-drop' is pure marketing. They'll never admit to dropping prices directly because it devalues their past sales. Instead, they'll offer 'limited time offers' or 'festival discounts' which essentially achieve the same thing. Always look at the effective price per sqft after all these 'discounts' and compare it with the actual market rate of similar properties. Don't get swayed by the urgency they create.
Interesting! Chander Nagar mein connectivity and amenities ka kya scene hai? Is it good for families?
Absolutely, secondary market mein negotiation is key. My cousin recently bought a flat in Alaknanda, an old DDA flat, and managed to negotiate almost 8% off the asking price just by being persistent and having cash ready. Builders won't budge much on the base price, but individual sellers are often more flexible, especially if they need to liquidate quickly.
Haan, Chander Nagar mein definitely better deals mil sakte hain. GK mein toh new build ka per sqft rate 25k-35k+ tak jaa raha hai, depending on the developer and amenities. Chander Nagar mein you can find good 3BHKs for 15k-20k per sqft, especially if it's a slightly older but well-maintained building. Current market conditions in Delhi are a bit slow for new projects, so secondary market mein negotiation ka scope zyada hai. Builders ka 'no-price-drop' policy is mostly for optics; they'll usually throw in freebies or slightly adjusted payment plans during 'spot discount' events. It's never a direct price cut, always a value add or a slight adjustment.
Oh man, same dilemma here. Budget is tight and these premiums are killing me.
I can share my experience. I bought a 3BHK in Ansal Villas around 3 years ago. Back then, I paid a significant PLC for a park-facing unit. Honestly, the appreciation has been decent, but I'm not sure if the PLC component truly paid off extra compared to a non-park facing unit. The peace of mind and greenery are nice, but purely from an investment ROI perspective, it's debatable. Think twice before shelling out big bucks for 'premium' features unless you plan to live there for a very long time and value those features personally.
Bhai, this floor-rise premium and PLC thing is such a scam, no? Deepak Kumar is quoting some insane numbers. Is that extra cost for a higher floor or corner unit really justified long-term for an investor? Mujhe toh lagta hai bas hype hai, not real value.
Totally agree with U1. Anand Vihar mein already itne high prices hain, upar se yeh premium. Itna paisa kahan se layein! Budget toh aise hi hil jaata hai.
Sahi keh rahe ho! I almost fell for it with a builder near Dwarka Expressway a couple of years back. They pushed the 'view premium' so hard. Later realized the view was just another building coming up. It's rarely justified unless it's a truly unique, unobstructed view that's guaranteed for decades. Better to invest that extra amount elsewhere, like better interiors or a slightly larger carpet area.