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Ananya Tandon
posted on 27 AprNoida investors: Payment plans and pre-launch deals?
Hazipur – I'm based in Dubai, eyeing Icon Realtors ke projects. Pre-launch pricing sahi hai ya open market better? Construction-linked payment plan vs down payment, which gives more investor leverage for ROI?
#hazipur#icon-realtors#payment-plan#pre-launch#roi
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U17, amenities are usually the last to be completed. Swimming pool, clubhouse, gym – yeh sab handover ke baad bhi 6-12 months lag jaate hain. Mera bhi same experience tha Sector 75 mein. Agreement mein penalty clause dalwao for amenity delays.
Yeah, U18 is right. And sometimes they compromise on quality too. Make sure your agreement has clear clauses for penalty if amenities are delayed or not as promised. Mera ek friend ne litigation file kiya hua hai for that.
So, Hazipur, to summarize, for Icon Realtors, pre-launch can be good IF: 1. You verify RERA status thoroughly for the specific project. 2. You have a buffer for potential delays (6-12 months). 3. You're comfortable with the specific project's location and long-term appreciation potential. CLP is safer in terms of initial outlay, but DP gives better ROI if everything goes perfectly. Don't forget to negotiate hard, current market mein builders thode flexible hain.
Yaar, CLP mein bhi builders interest charge karte hain if you miss a payment. Aur construction slow ho toh EMIs chalti rehti hain. Down payment mein ek shot mein kaam ho jaata hai, then just wait. But then again, market risk if value doesn't appreciate.
Sector 150 mein abhi 7500-8500/sqft chal raha hai for good projects. Icon ka naya project, Royal Greens, unka pre-launch 6800 pe tha. Abhi open market mein 7200 tak hai. So pre-launch was a good deal there if you trust the builder.
Exactly, U13! Royal Greens pre-launch was attractive. But the builder reputation is key. Agar delay ho toh 6800 bhi mehenga padega, jaise U8 ke friend ke saath hua.
U13, 7200 is still decent for Sector 150. But the appreciation has slowed down a bit due to rising interest rates. Hazipur, factor in your holding period.
RERA website check karo, Hazipur. Icon ke projects ka completion status aur complaints. That's your first step. Aur hamesha site visit karo, don't just rely on brochures. Builder ke past projects bhi dekhne jaao.
Thanks for the insights, everyone. Looks like Icon is a mixed bag. The Royal Greens pre-launch seemed attractive, but the delay concerns for other projects are real. What about the amenities completion? Do builders generally complete them on time?
Pre-launch deals can be gold if you pick the right one at the right time. But you need to know the builder inside out. CLP is good for hedging risk, but DP gives you a better entry price and higher potential ROI if the project is delivered on time.
U3, U6 – Yes, Arcade Residences hi hai. RERA completion date toh nikal gayi, ab extension maanga hai. Mera friend ne 6500/sqft mein liya tha, abhi value toh badhi hai but possession nahi hai. Rent bhi jaa raha hai, EMI bhi. Totally agree yaar, be careful.
Icon ke purane projects mein delivery issues rahe hain, but new ones, especially commercial, they're pushing hard. Meri ek shop hai unki Greater Noida West mein, 6 months before time hand over kiya tha. Location matters a lot, Noida aur Greater Noida West ki market dynamics alag hain.
U9, Greater Noida West is a different ball game. Noida Sector 150 mein residential market kaafi saturated hai. What's the avg price there now, for a good quality project?
U9, that's interesting. So they might be improving. But residential projects are usually more complex than commercial. Hazipur, you need to check their residential delivery history specifically.
Hazipur – I'm based in Dubai, eyeing Icon Realtors ke projects. Pre-launch pricing sahi hai ya open market better? Construction-linked payment plan (CLP) vs down payment (DP), which gives more investor leverage for ROI?
Bhai, Icon Realtors ka track record mixed hai. Pre-launch mein risk zyada hota hai, especially with builders jo new projects launch kar rahe hain. DP mein discount milta hai but liquidity block hoti hai. CLP is safer for project delays, but EMIs chalti rehti hain.
Icon? Mera friend Sector 150 mein fasa hua hai unke ek project mein. 2 saal late hai possession. Builder ne phir se date extend kar diya lol. Hazipur, be careful.
Which project exactly, U3? Sector 150 mein toh bahut projects hain. RERA status check kiya tha?
Haan exactly, U3. Icon ke kuch projects time pe deliver hue bhi hain, like unka commercial hub Phase 2. Depends on the specific project and location.
U3, woh Arcade Residences ki baat kar rahe ho kya? Suna hai wahan kaafi issues hain. Mera ek relative bhi wahan se nikalne ki soch raha hai.