My Mohali investment is giving me sleepless nights
Under-construction risk in Mohali is a real headache right now. I'm looking at Big Block Floors, and honestly, builder ka track record dekh ke tension ho rahi hai. I'm based in Dubai, so I can't do a site inspection myself, which makes me super dependent on community updates. They initially promised possession for Q4 2024, but abhi tak construction progress slow lag raha hai. RERA status bhi clear nahi hai, yaani legal clarity mein problem hai. Is this project facing genuine delays? I'm worried about my capital being stuck. What's the scene with their RERA compliance? Koi aur investor hai jo Big Block Floors mein फंसे hain? Did anyone else face issues getting updates or clarity on the project timeline? I need to figure out if this investment is worth the risk, especially since I need a property manager later.
Comments
It sounds like a tough spot to be in, especially being an absentee owner. The discrepancy in possession dates (Q4 2024 vs 2026-12-01) is a major red flag. Maybe reach out to other investors in Big Block Floors through this forum or local groups to get a clearer picture. Sometimes collective pressure works. What did you finally decide to do, original poster? Did you get any satisfactory answers from the builder?
Dekho, agar project genuinely ONGOING hai and they're quoting 2026-12-01 for possession, then Q4 2024 was definitely an overpromise. Given the 'Rera Not Applicable' status, your legal recourse might be limited if things go south. Current market conditions in Mohali are okay, but new supply is coming in, which might affect future appreciation. Have you tried asking for construction updates with photos or videos directly from the builder's sales team?
Yaar, I can totally relate. Mera bhi ek investment फंसेगा लगा था Basai mein. Builder ne date pe date di, aur fir construction quality bhi compromise kardi. Big Block Floors ka price range ₹1.2 Cr – ₹1.6 Cr hai, which is a significant amount. For that price, you expect transparency. I heard the possession date for Big Block Floors is 2026-12-01, not Q4 2024. That's a huge difference! Original poster, aapko kisne Q4 2024 bola tha?
This is a classic builder tactic, U3. They quote an ambitious date to lure buyers, especially NRIs who can't verify easily. Then they quietly push it back. Mera bhi ek project Airport Road side mein same problem thi. 2 saal late mila. Be careful.
U3, haan maine bhi suna hai ki 2026 end tak ka hi timeline hai. Initial promises toh sab bade karte hain. Q4 2024 toh impossible lag raha hai considering the current progress. Builder ne shayad sirf sales ke liye bola hoga.
Exactly! Original post mein bola hai RERA status clear nahi hai. Lekin yahan Propmyna pe toh 'Rera Not Applicable' dikha raha hai for Big Block Floors. Yeh kya scene hai? Koi bata sakta hai ki 'Not Applicable' ka matlab kya hota hai? Does it mean they don't need RERA or they haven't applied yet?
U2, agar RERA not applicable hai, toh aapko aur bhi zyada due diligence karni padegi. Builder ka track record, financial stability, past projects, sab check karo. Agar Dubai se ho, toh kisi trusted local lawyer ya consultant ko involve karo, warna bahut risk hai. Mohali mein market volatility bhi rehti hai.
Haan, U6 sahi keh raha hai. Mohali mein bahut builders aise loopholes use karte hain. Meri ek friend ka project Badshahpur mein tha, same issue. Builder ne small plots dikha ke RERA se bach gaya, aur baad mein delivery mein bahut problem ki. Capital stuck ho jaata hai aise mein.
U2, RERA Not Applicable ka matlab generally yeh hota hai ki project RERA ke criteria mein nahi aata. Jaise agar plot area under 500 sq meters hai, ya units 8 se kam hain. But for a 'floors' project, it sounds a bit fishy. Often builders try to escape RERA for smaller projects to avoid compliance.
Bhai, aapki baat sunke darr lag raha hai. Main bhi Mohali mein dekh raha tha but Big Block Floors ka naam sunke pehle hi doubt ho raha tha. Dubai se manage karna toh aur bhi mushkil hoga. Meri bhi savings lagi hui hain, sochta hoon kahin galat decision na ho jaaye. Yeh RERA status ka issue toh seriously alarming hai.