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Abhishek Pandey
posted on 13 MayNew Faridabad projects are a negotiation myth.
Since January I've been shortlisting 3BHKs in Faridabad, planning to upgrade from my 2BHK in Sector 14. Honestly, new builder projects, even from BPTP ya Puri, have zero negotiation scope. They quote a price for Sector 35, add floor-rise, PLC, and that's it. Everyone glorifies new launches, but nobody talks about the real flexibility in resale. I mean, you can actually haggle with individual sellers. My broker, Goyal Estate Agency, hinted at getting 5-7% off on secondary market flats. Is the premium for a new 3BHK really justified when you can get a good resale flat for much less, maybe even negotiate the PLC out? I'm talking total cost, not just base price. Change my mind.
#faridabad-property#resale-negotiation#3bhk-upgrade#investor-advice#sector-35
Comments
It's a tough call for us first-time buyers. On one hand, you want the latest amenities and design, and on the other, you're constantly worried about EMI and future appreciation. I'm still torn between a slightly older, spacious resale flat that fits my budget perfectly, or stretching for a smaller new one. What did you finally decide, OP?
I think the original post is spot on. The 'premium' for new construction is not just about the newness, but also the perceived lack of hassle, which isn't always true given possession delays and quality issues. My neighbour's new Puri flat in Sector 35 had seepage issues within a year. So, new doesn't always mean problem-free. Resale with a good inspection and legal check can be a much better value.
My friend just booked a 3BHK in a new project, and they showed him a 'discount' that was basically waiving off the PLC charge. So, technically, they didn't reduce the base price, but they did remove an extra charge. Is that considered negotiation, or just smart marketing by builders to make you feel like you won?
That's exactly what they do! They inflate the base price and then 'waive' charges like PLC or floor rise as a 'special offer'. It's not real negotiation, just a smokescreen. The total cost remains high. You're right, it's smart marketing to make us feel good about paying full price.
The market sentiment right now in Faridabad is also playing a role. Builders know inventory is moving, albeit slowly for some projects, so they're not desperate to drop prices. They'd rather wait than set a lower precedent. Resale sellers, on the other hand, might have urgent needs like relocation or upgrading, which gives you leverage. It's basic demand and supply.
Wow, 7% is a decent chunk! Did you have to pay a lot for registration and all that? And was the society well-maintained, ya old-school type? My parents are pushing for new construction only because they fear maintenance issues in older buildings.
Sahi baat hai. For new projects, the demand is from investors who expect appreciation, or end-users who want 'brand new'. Resale is for those who are purely value-driven. I got a 3BHK in Sector 86 last month, 6-year-old society, and negotiated 7% off. The builder's similar 3BHK in Sector 35 was a good 20% higher even with all discounts.
Totally agree with your point! I've been looking at BPTP and Puri projects near Sector 35 for a 3BHK, and it's like they've printed the price list in stone. No room for even 1% negotiation. They just say 'sir, ye RERA registered price hai, fixed hai'. It's so frustrating for first-time buyers like us who are trying to save every penny.
But isn't there a risk with resale flats? Like, what if there are structural issues or pending society dues that the seller hides? New projects, even with their rigid pricing, offer some peace of mind with builder warranty and RERA. Is that 'peace of mind' worth the extra premium or the negotiation flexibility?
Haan bhai, same experience. I tried talking to a sales guy for a new launch in Sector 81, and he just kept pushing 'early bird discount' which was basically the listed price only. Resale market mein at least you can feel like you're getting a deal. My broker also said 5-6% is doable for a quick sale.