My 2BHK upgrade: Noida payment plan hack?
Since January I've been shortlisting flats in Noida for an upgrade. I'm currently in a 2BHK near Sector 63, thinking of upgrading to a 3BHK or even a small villa. My budget is around ₹1.8 Cr. Already have a home loan for the current place. I've noticed something about payment plans, especially with builders like Sai Dham Infra Projects. Sab bolte hain CLP (Construction Linked Payment) is best. But for investors, I'm finding a good down payment plan, with a decent spot discount, sometimes works out better for cash flow leverage. EMI toh chalti rehti hai, but if you negotiate hard for that upfront discount, it can offset the interest cost significantly. Plus, builder ka 'no-price-drop' policy often means they'll give you a bigger spot discount or some freebies if you push. Is it just me, ya others also feel this way? Kya yeh investor hack sahi hai?
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While the upfront discount looks tempting, first-time
Market conditions Noida mein abhi tricky hain. Builders are desperate to clear inventory. But for ₹1.8 Cr, you can get decent options in established sectors too. Is Sai Dham Infra RERA registered? And what's their past possession record like?
RERA bhi kya karega? Builder ne toh bas date badha deni hai har baar, lol.
U7, Sai Dham Infra ka ek project RERA registered hai, but uska completion date already extend ho chuka hai. Unke reviews bhi mixed hain online. Check the specific project RERA ID on their website, you'll find the original and revised possession dates there.
Ye 'investor hack' sound toh accha kar raha hai. But OP, can you share more details on which projects you've seen this in, apart from Sai Dham? I'm looking in Alpha I Greater Noida and wondering if this applies there too. Kya yeh sirf specific builders ke liye hai?
U4, Alpha I mein to mushkil hai, wahan established builders hain. Yeh hack small-time builders ke saath zyada chalta hai jo cash-strapped hote hain.
U4, haan bilkul! My cousin got a similar deal with a smaller builder near Ajayabpur. He paid 30% upfront and got a 7% discount. But the project is still delayed by a year. So, yes, it works, but the risk of delay is high if the builder isn't reputed. Make sure you check their RERA status thoroughly.
Totally agree! Maine bhi ek project mein ₹1.5 Cr ke budget mein dekha tha, builder ne bola CLP, but jab maine push kiya for a lump sum upfront payment, they gave me almost 8% spot discount. It felt like a good deal at that time, especially for cash flow. It's all about negotiation, but you need to be sure about the builder's delivery capacity.
Bhai, Sai Dham Infra Projects ka track record thoda shaky hai. Upfront discount toh mil jayega, but possession ka kya? Kahin phans na jao EMI aur rent dono dete dete. Noida mein aise bahut cases hain.
Since January I've been shortlisting flats in Noida for an upgrade. I'm currently in a 2BHK near Sector 63, thinking of upgrading to a 3BHK or even a small villa. My budget is around ₹1.8 Cr. Already have a home loan for the current place. I've noticed something about payment plans, especially with builders like Sai Dham Infra Projects. Sab bolte hain CLP (Construction Linked Payment) is best. But for investors, I'm finding a good down payment plan, with a decent spot discount, sometimes works out better for cash flow leverage. EMI toh chalti rehti hai, but if you negotiate hard for that upfront discount, it can offset the interest cost significantly. Plus, builder ka 'no-price-drop' policy often means they'll give you a bigger spot discount or some freebies if you push. Is it just me, ya others also feel this way? Kya yeh investor hack sahi hai?