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Amrita Kaur
posted on 9 MayNew launch projects are a total trap for first-time buyers
3 years delay on my cousin's project in Dwarka Expressway — still no possession. Honestly, new launch projects are a total gamble for first-time buyers. Everyone glorifies the 'new' but nobody talks about the constant fear of delays, builder issues, and hidden costs like PLC/OC. Dreamhome Infrastructure Pvt Ltd ke projects bhi dekhe hain, but under-construction mein trust issues bohot hain. Resale feels so much safer, even if thoda expensive ho. You see what you get, right? Change my mind.
#first-time-buyer#under-construction#resale#gurgaon
Comments
But isn't RERA supposed to protect us from these delays now? I thought new projects are much safer post-RERA. Plus, new launches mein initial price benefit aur better amenities ka lure toh hota hi hai. Dwarka Expressway mein konsa project tha aapke cousin ka? Details mil sakti hai kya?
Exactly! RERA bas ek formality hai. Builder penalty dene se bachne ke liye bas kuch na kuch loophole dhoond lete hain
RERA ka naam toh hai, but enforcement kitna hota hai, woh sabko pata hai. Mere cousin ka project 'Grand Residency' tha, Dreamhome Infrastructure Pvt Ltd ka hi. RERA complaint file ki thi, but builder ne delay ki penalty dene ki jagah construction speed aur kam kar di. Legal process bhi itna slow hai. Initial price benefit toh dikhta hai, but yeh hidden costs aur rent ka burden sab kha jaata hai.
Totally agree with you, bhai! Mere ek friend ne Badshahpur mein ek new project liya tha, 'promise' tha 2 saal mein possession ka, ab 4 saal ho gaye hain aur construction bas 70% hua hai. Builder bas dates pe dates deta rehta hai. Resale mein kam se kam yeh tension toh nahi hoti.
Haina! Aur jab aap builder se pucho toh woh bas paperwork ka bahana dete hain ya phir market conditions ka. First-time buyers ke liye yeh sab stress jhelna bahut mushkil hai. Interest bhi jaa raha hai, rent bhi jaa raha hai.
Sahi keh rahe ho. Builder ka 'promise' bas kehne ke liye hota hai. My uncle had a similar issue near Airport Road.
3 years delay on my cousin's project in Dwarka Expressway — still no possession. Honestly, new launch projects are a total gamble for first-time buyers. Everyone glorifies the 'new' but nobody talks about the constant fear of delays, builder issues, and hidden costs like PLC/OC. Dreamhome Infrastructure Pvt Ltd ke projects bhi dekhe hain, but under-construction mein trust issues bohot hain. Resale feels so much safer, even if thoda expensive ho. You see what you get, right? Change my mind.