My GC Homes visit: payment plan confusion and hidden charges.
Since last year, after the kids moved out, I've been looking for a smaller flat. Don't need such a big place anymore. Selling our old house, so want something manageable, maybe a 2BHK in Sector 42. GC Homes ka ek project dekha hai. They're offering a construction-linked payment plan. Is that actually smarter than a bigger down payment for someone like me? Matlab, EMI jaldi shuru ho jaati hai, but builder ka risk kam hota hai kya? Also, I keep hearing about hidden charges during possession. Kya kya dekhna chahiye? PLC, club membership, maintenance advance ke alawa aur kya hota hai? Don't want any last-minute surprises. What's your experience with these payment plans, especially for people nearing retirement? And what are the real hidden costs one should absolutely factor in? Should I push for a different payment structure? Please advise.
Comments
GC Homes ka track record utna accha nahi suna hai, especially for timely possession. Construction-linked payment plan sounds good on paper, but agar delays ho gaye, you're stuck paying EMIs for a home jo ready hi nahi hai. Hidden charges toh pakka honge, builder kabhi seedha nahi batate.
Haan bhai, builder delays are the worst part of CLP. Mera bhi same experience raha hai, ek project mein 2 saal late ho gaya tha.