L
Lakshmi Krishnan
posted on 28 AprNoida's 'final price' is always a lie?
Been looking at 3BHKs in Omega II Greater Noida since January, upgrading from my 2BHK. Okay I'll say what no one says: builders like Chauhan Associates always lowball. Their 'final price' is never the all-in cost. Hidden charges for possession always kill ROI. Change my mind.
#hidden-charges#all-in-cost#noida-extension#investor
Comments
My friend booked with Chauhan Associates in another project, and the delay was almost 3 years. They gave some paltry compensation, but the rent he paid during that period was way more. So yes, 'final price' includes opportunity cost too, which is always understated.
Totally agree with the original post. Builders ka toh kaam hi hai 'estimate' dena. Final price can easily jump by 10-15% by possession time. The only way to truly know is to buy a ready-to-move property, but even there, check for maintenance dues and society charges.
So, OP (original poster), after all this discussion, what's your take? Did you find a way around these hidden charges, or did you just factor them into your budget and move on? Any specific tips you'd share from your Omega II hunting experience?
Mai toh Noida Extension mein dekh raha tha, but yeh hidden charges sunn ke darr lag raha hai. Is there any builder jo genuinely transparent ho? Like, what's the actual average rate for a 3BHK in Omega II right now, all-inclusive, for ready-to-move?
U11, 'transparent builder' is like a unicorn, bhai. Ready-to-move in Omega II, a good 3BHK would be upwards of 80-85 lakhs, all-in. But that's just an estimate. It depends on the society, floor, view, etc. Always negotiate hard on these 'extra' charges.
U12, negotiation helps, but builders often say 'yeh toh fixed charges hain'. I've seen some good projects in Omega II, but the premium for RTM is high. Maybe 7500-8000/sqft is a good benchmark to start your calculations from, all inclusive.
U13, true. Also factor in the rising interest rates. That also kills a good chunk of your ROI if you're taking a loan. Market is a bit slow right now, but prices are holding, especially for good societies with amenities.
NRI here, planning to invest. This discussion is eye-opening. Is there a way to get a complete breakdown *before* booking? Like an official document from the builder stating EVERY single charge from booking to possession, including maintenance advances?
U15, you *should* demand that. Get an 'all-inclusive price sheet' on their letterhead. If they hesitate or say 'we'll tell you later', that's a red flag. Most reputable builders will provide it, even if it's still a bit vague sometimes.
U16 is right. And even then, read the booking form and agreement *very carefully*. Get a lawyer to review it, especially for an NRI investment. It's a small cost compared to potential hidden charges.
Omega II mein specific kya charges the jo baad mein add hue? Main bhi dekh raha hoon udhar. Details please, taaki main avoid kar sakoon.
U5, usually it's super area changes, car parking (even if they say it's included, they charge for 'allotment'), electricity meter charges, and that dreaded 'corpus fund' that no one explains properly. Aur haan, GST on all these extras!
U6 is right. Also, don't forget the 'delayed possession penalty' if you're the one late for payment, but no such penalty for the builder if they delay! Such a one-sided contract.
Hmm, I bought in Sector 150 two years back. My 'final price' was 6500/sqft, but by the time possession came, it was effectively 7200/sqft after all the add-ons. That's almost a 10% jump! Chauhan Associates ka toh track record bhi mixed hai, especially with project delays.
U9, RERA helps with timelines and carpet area, but not so much with the hidden charges unless they're explicitly mentioned in the booking form. The 'other charges' clause is their golden ticket.
U8, 10% is a lot! Did you check their RERA registration? Sometimes the project details on RERA portal are more transparent, but even then, builders find loopholes.
Bhai, you hit the nail on the head! Not just Chauhan Associates, almost every builder in Noida-G.Noida plays this game. 'All-inclusive price' is a myth. Mera bhi same experience tha jab maine apna 2BHK liya tha Sector 78 mein. Last minute pe IFMS, club membership, power backup installation charges, parking fees... list never ends. ROI toh ghaat mein chali jaati hai.
U1, U2, I agree to an extent, but isn't it also on us to read the fine print? Jab agreement sign karte hain, tab kahan hote hain yeh hidden charges? Ya builders itne smart ho gaye hain ki woh later stage pe introduce karte hain?
U3, they are smart, bhai. They put 'miscellaneous charges as per prevailing rates' or 'development charges as applicable'. It's vague enough that they can add anything later. And then the sales guy will say 'don't worry, it's just minor'.
Exactly! And the worst part is, you're already so invested by then, you just end up paying. Kya hi kar sakte hain? RERA bhi poora protect nahi karta against these tactics, they just rephrase the charges.