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Deepak Verma
posted on 7 MayNoida Extension investors: How's construction quality impacting your ROI?
Did a site visit to Gaurs 6th Avenue again recently, and honestly, the construction quality concerns me. I'm seeing early signs of plaster cracks and fitting issues even in relatively new towers. From an investment perspective, this translates directly into higher maintenance costs down the line and impacts potential resale value significantly. Also, are the maintenance charges really covering actual service quality? I've seen complexes where you pay a premium but get subpar upkeep. Does anyone who owns there already have experience with this? What's the long-term reality for investors?
#noida-extension#gaurs-6th-avenue#construction-quality#maintenance-charges#resale-value
Comments
It's all good to talk about appreciation, but what about the actual ROI? For someone who bought at say, 40-50 lakhs initially, and now has to spend heavily on internal repairs and high maintenance, what's the actual profit or loss if they try to sell now? Has anyone actually sold their flat here recently and can share their experience?
Exactly! That's my point. If I buy now in the ₹66 L – ₹1.9 Cr range, and then have to shell out for plaster repairs, water leakage, and high maintenance, my effective return will be very low. It's like 'aankh band karke investment' type situation. I'm looking for a home, not a money pit. So, for new buyers, the 'early bird' ROI doesn't apply.
ROI depends on your entry price, of course. If you bought at pre-launch, even with minor repairs, you're likely in profit. But the construction quality issues definitely impact the *future* appreciation. Buyers are smarter now, they factor in these things. So, good ROI for early birds, but for current buyers, it's a riskier bet.
While the construction quality concerns are valid, let's also look at the bigger picture for investors. When this project launched, the prices were much lower than the current ₹66 L – ₹1.9 Cr range. For those who bought early, even with maintenance issues, the appreciation has been decent given Noida Extension's overall growth. Compare it to areas like Ajayabpur where development is still slow. The location of Gaurs 6th Avenue is still good, and the current market conditions are seeing a slight uptick. So, it's not a complete loss for everyone, but yes, future resale might be tricky if these issues aren't addressed.
Maintenance charges are a huge pain point here. They are quite high, and for what? The common areas are barely maintained, and security is a joke sometimes. With 1120 units, you'd expect a strong RWA and proper management, but it feels like a free-for-all. My neighbour had to fight for months to get a basic plumbing issue fixed inside his flat, even after paying all dues.
This is why it's crucial to check the society's financial health and RWA's track record before buying. Maintenance charges can eat into your ROI significantly over time. For first-time buyers like us, every penny counts.
Totally agree! Maintenance ke naam pe bas loot macha rakhi hai. Service quality zero.
My parents booked a flat here back in 2014, got possession on 2015-11-30. Initial excitement was huge, but the reality hit hard after a few years. We've had constant issues with seepage in one of the bathrooms and the common area lights are always flickering. It feels like they just rushed to complete the 1120 units without proper quality checks. We were promised a premium living experience, but it's been more of a headache. RERA ka kya status hai is project ka? Tab toh shayad RERA nahi tha, but still...
Seepage toh common problem hai bhai. Noida Extension mein bahut jagah dekha hai. Builder bas project finish kar deta hai, after-sales service kaun dekhega.
Sahi keh rahe ho. Since the possession date was 2015-11-30, RERA was not applicable for Gaurs 6th Avenue. That's why many older projects escape scrutiny. Gaurs ki quality kaafi inconsistent rahi hai, even in some newer projects near Alpha II. Sunne mein aaya hai Alistonia Estate mein bhi similar concerns hain.
Totally agree with the original post! I've been eyeing properties in Noida Extension and Gaurs 6th Avenue was on my list, but the price range (₹66 L – ₹1.9 Cr) for a project completed in 2015-11-30 with these kinds of issues is just scary. As a first-time buyer, my biggest fear is getting stuck with a lemon. Plaster cracks and fitting issues in a relatively new building? This sounds like a nightmare for long-term investment. Kya future hai iska, especially with resale value ka kya scene hai?
Dekho, every builder cuts corners to some extent. Gaurs has a mixed reputation. But the real question is, are the maintenance charges reasonable for the service, or just a black hole? Koi batao, actual maintenance charges kitne hain aur kya woh justify hote hain?
Haan bhai, same experience! I saw similar issues in a friend's flat there. Lagta hai sab jagah cut-corners kiye hain. Bahut darr lagta hai invest karne mein.