K
Kabir Ahuja
My RERA check discovery for Mohali investors
I completely underestimated how critical RERA compliance is for overseas investors, especially for projects like RK Traders Qutab Heights. Based in Dubai, it's impossible for me to do proper due diligence myself. For a ₹78L investment, I'm worried about RK Traders' actual delivery track record. Builder ka past projects time pe deliver hue hain ya delays common hain? My discovery is that simply checking the RERA website isn't enough; you need to verify OC status and legal clarity properly, especially if buying through a POA. What's the real rental yield for a 2BHK there? Matlab, kitna expect kar sakte hain? Any specific checks for NRIs to avoid future headaches? Hope this helps someone else.
#rera-status#builder-track-record#nri-investment#rental-yield#mohali
Comments
My discovery was similar. For my first home in Gurugram, I spent months cross-referencing RERA, local news, and even talking to people living near the proposed site. RK Traders Qutab Heights having 'Total units: 0' and 'Status: null' for a ₹78L asking price is a non-starter for me. The current market conditions in Gurugram are already tough for buyers, with many projects facing delays, so taking such a huge risk in Mohali, especially from overseas, seems even more daunting. What kind of rental yield are you really hoping for from a project with so many unknowns and no actual units built?
RK Traders has a history of not updating RERA properly, I've heard this from a few sources. For the ₹78L price point, you can definitely find better options in established sectors with clear RERA and OC. Mohali market mein competition bahut hai, especially around Airport Road area, so don't rush into something with so many red flags. There are builders with much better track records offering similar configurations.
But if the price is genuinely good, sometimes these projects do deliver after some initial delays. My friend got a good deal on a property near Basai, even though its RERA status was 'under review' initially for months. Rental yield for a 2BHK in a decent Mohali location can be 2-3% easily, depending on location and amenities. So if you're getting it below market rate, it *could* work out if the builder eventually gets his act together.
True, ₹78L is a lot to risk on a project with 'null' status and zero units. Better to wait for clarity.
This is so relatable! I'm also a first-time buyer and the RERA website is confusing even when you're in India. For Mohali projects, especially if you're not physically present, always verify the land title documents independently, not just through the builder. Builder ki reputation aur financial stability is key. My uncle lost a lot of money on a project near Baharampur Naya because the builder sold the same unit to multiple buyers; RERA was useless then as it was pre-RERA. Don't make hurried decisions.
Bhai, RK Traders ka toh naam hi suna hai delays ke liye. Qutab Heights mein '0 units' dikha raha hai RERA pe aur status 'null' hai, that's a huge red flag for a ₹78L project. What did your POA say about this? Have they given any clear explanation?
Yes, that '0 units' and 'Status: null' on RERA is a major issue, especially for such a significant investment like ₹78L. You'd expect much more transparency and proper registration for a project of that scale. I almost invested in a similar project near Badshahpur that had ambiguous RERA details and a history of delays; ended up pulling out at the last minute. Better safe than sorry, especially for us NRIs who can't physically follow up every day. Don't rely solely on POA; get independent legal verification.
Exactly! That '0 units' and 'null' status is what freaked me out too when I checked. My POA is saying it's pre-launch phase, but ₹78L for pre-launch with no clear RERA status is too risky, right? How can one be sure it's not just a land parcel?
I completely underestimated how critical RERA compliance is for overseas investors, especially for projects like RK Traders Qutab Heights. Based in Dubai, it's impossible for me to do proper due diligence myself. For a ₹78L investment, I'm worried about RK Traders' actual delivery track record. Builder ka past projects time pe deliver hue hain ya delays common hain? My discovery is that simply checking the RERA website isn't enough; you need to verify OC status and legal clarity properly, especially if buying through a POA. What's the real rental yield for a 2BHK there? Matlab, kitna expect kar sakte hain? Any specific checks for NRIs to avoid future headaches? Hope this helps someone else.
OC status is absolutely critical, you're spot on. Without it, loan approvals bhi mushkil ho jaate hain aur future resale mein bhi problem aati hai. NRI ke liye toh aur bhi headache hai.