R
Riya Mukherjee
posted on 12 MayMy Dubai-Bangalore property plan: Payment structure doubt
My POA is handling things in Bangalore, but I'm stuck deciding payment plans for a Buildiko Ventures Llp 2BHK in Electronic City Phase II. Construction-linked is safer, right, ya cash down payment for a better spot discount? Kya koi real difference aata hai ROI pe? Brokers are pushing for down payment, not sure if that's good.
#electronic-city#payment-plan#nri-investment#buildiko-ventures#broker-advice
Comments
See, I went for a cash down payment for my plot in Aishwarya Crystal Layout last year and got a decent discount. The builder was reputed though, so I felt confident. Buildiko Ventures ka reputation kaisa hai, that's the main question. If they have a good track record of delivering on time, then that spot discount could actually be a good deal for ROI. But that's a big 'if'.
U9, wahi toh, possession date is key. U6 ne jo RERA ID ka December 2024 possession date bataya hai, that's already cutting it close for a new booking. Agar builder extra discount de raha hai cash down pe, it often means they need funds urgently, which can be a red flag for project completion. I would suggest negotiating for a construction-linked plan with a slightly lesser discount. What did you finally decide, OP?
Sahi baat hai. Buildiko Ventures ka reputation toh mixed suna hai. Possession date kya de rahe hain for Buildiko, especially agar cash down payment kar rahe ho? That's what really matters.
Bhai, reputed builder ho toh theek hai, but for new or less known ones, cash down payment is a huge risk. Woh discount short-term lagta hai, but agar project delay hua ya quality kharab nikli, toh ROI ka toh bhool jao. Hidden costs aur frustration alag se.
Current market conditions in Bangalore are tricky. Property prices are high, but construction quality and timelines are often compromised. Electronic City Phase II is developing fast, but due diligence is key. Don't rush into big discounts.
Yaar, ye builders ka naya tactic hai, upfront cash leke project delay karte rehte hain. Mera ek relative Adigara Kallahalli mein phasa tha aise hi. Unhone 40% cash down diya tha, abhi tak possession nahi mila, 2 saal late hai. Buildiko Ventures ka RERA status kya hai, koi check kiya hai? Electronic City Phase II mein kaafi projects chal rahe hain, make sure you're not getting into a trap.
Exactly! My cousin faced a similar issue in Aavalahalli. Builder ne bola tha discount milega if you pay 50% upfront, but then suddenly they stopped construction for 6 months. That RERA info is crucial, thanks for sharing. It's better to stick to construction-linked payment, even if it means a smaller discount.
Haan, maine Buildiko Ventures ka RERA check kiya tha. Their project RERA ID PRM/KA/RERA/1251/308/PR/190829/002821 shows possession date as Dec 2024. But past records mein kuch projects delayed hain. So, be careful.
Totally agree! Construction-linked is definitely safer. Cash down payment mein ROI ka risk zyada hota hai, especially agar builder ka track record clear na ho. Brokers toh apna commission dekhte hain, not your peace of mind.
Bhai, Buildiko Ventures? Thoda research kar lo pehle. My friend had a bad experience with a builder in Akshayanagar, similar situation where they pushed for upfront cash. Always be wary.