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Anjali Pillai
posted on 15 MayMy take on Gurgaon resale vs new launches
Are secondary market deals in Gurgaon genuinely better for investors than new launches? I work in real estate but buying for myself is different. Looking at a 3BHK in South City II, but Eka Life's new projects on Golf Course Extension have insane PLC. My gut says resale offers more negotiation room, especially with Dhoot Group's older inventory. Change my mind.
#secondary-market#negotiation#investor-perspective#south-city-ii#gurgaon-real-estate
Comments
The PLC on GCR is definitely high, but look at the appreciation in the last 5 years. Areas like Sector 65, 66 have seen insane jumps. Resale in South City II is good for stability, but for aggressive capital gains
My experience has been the opposite! I looked at resale near Badshahpur a few months back, and the sellers were just not budging on price. They were quoting almost new launch rates for older construction. Ended up booking a new project on Southern Peripheral Road (SPR) near Sector 70. Yes, PLC is there, but the payment plan was structured, and the builder reputation is solid. For investment, new launches *can* sometimes give better returns if you enter early enough, but you need to pick the right builder and location.
Jo pichli comment mein pucha tha, I booked with XZY Developers, they have a good track record. Possession is due in 2026. Yes, delays happen, but current market conditions in Gurgaon are pushing builders to deliver faster to avoid penalties. The demand for ready-to-move-in properties is high, so they want to capitalize.
SPR projects are always delayed. Mera friend ka possession 2 saal late hai, lol.
Which project did you book near SPR? I'm also looking in that area. Are you sure about the possession timeline? Builders often delay.
Yaar, you're not wrong about resale. I've been eyeing a few properties in South City II too. The capital appreciation potential seems more predictable in established areas. New launches on GCR, especially with those PLC charges, seem like a gamble sometimes. Plus, ready-to-move-in ka advantage alag hai.
U3, that's a valid point about age. My uncle bought a resale in Sector 50, a Dhoot project actually, and had some plumbing issues initially. But he got a good deal on price. Documentation is fine if you go through a good lawyer. The key is to check the RWA's financial health and past records for maintenance. New projects might have less immediate headaches, but the wait and RERA delays are a bigger pain for me.
But what about the age of the building? Dhoot Group projects are old, maintenance issues ka kya?
Totally agree bhai! Ready-to-move-in se peace of mind milta hai, no waiting period.