Noida CLPs: The real cost of builder delays

Overall, the problem is systemic. Builders know they can get away with delays because the legal process is slow and buyers are desperate. The only way to truly protect yourself is to buy from builders with a 100% clean delivery record, which are very few, or go for ready-to-move properties. Don't fall for fancy brochures and 'pre-launch' discounts.

OP, what are your next steps now that your lease is ending? Will you try to negotiate with the builder for a rental allowance or just extend your current lease and keep fighting? This is the practical dilemma many face.

I must be lucky then. My project in Sector 121 by a mid-sized builder actually delivered 3 months before the RERA deadline. It does happen, but it's rare. I think I just chose the right time and the right project manager. Don't lose hope completely, but be prepared for the worst.

So the bottom line is, even with big names like ATS and in prime areas like Sector 150, builder delays are a harsh reality. For first-time buyers and those on CLPs, it's a financial and emotional nightmare. The market might be good, but possession is king. OP, let us know what you decide to do about your lease!

@U10 Honestly, I did my due diligence on ATS's reputation, not necessarily their specific project timelines for every single phase. My mistake was assuming a big brand would be more disciplined. The sales pitch was too good to ignore, I guess. Lesson learned the hard way.

@U3 It's ATS Pious Hideways. They initially gave a possession date of Dec 2022, then it became June 2023, now it's Dec 2024. And looking at the construction, even that seems ambitious. My lease ends in 4 months, I can't keep extending it.

@U2 Dec 2024? That's a huge jump! Have they given you any written commitment for the new date? And what about the penalty for delay as per the agreement? Don't let them off easy. What's the current construction status, like floor-wise?

This whole CLP vs. Subvention vs. Down Payment plan debate is crucial. CLP is better than subvention in some ways as you're not paying interest before construction, but the delay risk is paramount. Ready-to-move always takes the cake if you have the funds.

Sector 150 has seen massive appreciation in rates, but the delays are a big concern. Currently, rates are hovering around ₹6800-₹7500/sqft for under-construction projects. A lot of new infrastructure coming up, like the FNG corridor and proposed metro extension, but if you don't get possession, what's the point of appreciation?

As a tenant in Sector 76, I'm watching this discussion closely. I've been planning to buy in Noida extension, but these stories of delays make me so nervous. Should I just stick to ready-to-move options, even if they're a bit pricier?

What kind of legal recourse have people actually taken beyond RERA? Has anyone successfully taken a builder to consumer court or initiated arbitration? I'm at my wit's end with my builder in Greater Noida West and thinking of exploring all options.

Builder ne phir se date extend kar diya lol. This is the 5th time for my project in Sector 168. Ab toh lagta hai mere bachche bade ho jayenge tab jaake ghar milega. Matlab builders ko koi fark nahi padta, they just keep pushing. It's a joke!

OP, you mentioned you work in real estate. Didn't you do proper due diligence on the builder's past delivery timelines and financial health before booking? ATS is a big name, but even they have their issues. Sometimes the lure of a good location (Sector 150 is prime for connectivity) makes us overlook red flags.

The best tip I can give anyone considering CLP: Check the RERA registration number and look up the project details on the UP RERA website. It clearly shows the original possession date and any extensions granted. If it's already delayed, you know what you're getting into. Don't rely solely on what the sales guy tells you.

Uff, yeh builders aur inke CLPs! It's like they design these plans specifically to trap us. The dream of owning a home turns into a never-ending nightmare of EMIs and rent. Mera toh bas chalta toh main sab builders pe fine laga doon jo delay karte hain.

Which ATS project in Sector 150 are you talking about, OP? Is it ATS Pristine or ATS Pious Hideways? I was considering one of their projects there but heard stories. Kya delay ka official reason de rahe hain woh log?

CLP is a double-edged sword. It looks attractive initially because you pay as construction progresses, but if the builder delays, you're stuck paying interest on a non-existent asset. Always check the builder's past project delivery times, not just their marketing brochures. It's the biggest mistake first-time buyers make.

Mera bhi same experience tha 2 years ago in Sector 137. My builder was a local one, not a big name. They delayed by almost 4 years! I had to send them legal notices, involve RERA, everything. Finally got possession, but the mental stress was immense. Noida mein yeh common hai, especially with smaller builders.

Bhai, this is too real! I feel your pain. CLP mein sabse bada catch yahi hai. Builders promise the moon and deliver dust. Mera bhi Sector 78 mein same haal hai, 3 saal ho gaye, abhi tak possession nahi mila. Double burden, rent aur EMI dono. Total financial drain.

Totally agree yaar! ATS 150 ka toh track record bhi itna acha nahi hai delays ke liye. Especially after COVID, sab builders ne deadlines ko joke bana diya hai. Meri ek friend hai, uska bhi ATS project phase 2 mein hai, same problem. Builder ke paas koi solid answer hi nahi hota.