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Anjali Mehta
posted on 10 MayOmaxe Saini Majra payment plan: my current dilemma
Omaxe Saini Majra quoted ₹95 lakh for a 3BHK, but their construction-linked payment plan seems to spread out costs too much. Not sure if that's better for an investor, or if I should push for a down payment discount. Does anyone have experience leveraging these plans in Chandigarh? What about potential hidden charges with these stretched payments?
#omaxe#saini-majra#payment-plan#3bhk#investor
Comments
Chandigarh market mein abhi bhi sentiment cautious hai, especially for projects far from the main city. Rates have appreciated in prime areas, but Saini Majra is still developing its infrastructure and connectivity. ₹95 lakh for a 3BHK is pushing it, especially with a long CLP that ties up your funds for years. You might find better value in resale flats in established sectors of New Chandigarh, or even Manimajra if you're okay with slightly older construction and a more bustling environment. Don't rush into a new launch just because it's Omaxe, evaluate the true value.
Dekho, construction-linked plan is good if you're not in a hurry and want to spread out payments, especially if your income source is stable over time. But if you can get a good discount on down payment, and you're absolutely sure about the builder's delivery track record, that's better for your budget. Investor ke liye CLP theek hai, end-user ke liye not always the best option, especially with current interest rates.
Hidden charges toh pakka honge bhai. IDC, EDC, club membership, car parking... list lambi hoti jaati hai. Did they give you a clear breakup for all these? And is the carpet area mentioned clearly in their quote, or are they only talking about super area?
PLC is typically for specific unit advantages like park-facing, corner plot, or higher floor. EDC, or External Development Charges, are essentially fees collected by the builder and paid to the government for developing surrounding infrastructure like roads, sewage, and electricity. Builders just pass these costs on to buyers. It's crucial that your agreement clearly itemizes *all* these charges upfront. Many builders sneak in vague clauses for 'future enhancements' or 'maintenance deposits' that inflate the final cost significantly. Make sure there are no hidden clauses for future additions and get the entire agreement vetted by a property lawyer before signing anything. Don't rely just on what the sales rep tells you.
They gave a breakup, but it's full of terms I don't understand. Like 'Preferential Location Charges' (PLC) and 'External Development Charges'. It's all so confusing for a first-timer like me.
Carpet area is the only thing that matters. Super area is just a marketing gimmick to make the price per sqft look lower. Always ask for carpet area price.
I almost booked with Omaxe in New Chandigarh a couple of years back, but the construction-linked payment plan felt like a trap. They keep extending deadlines, and you're stuck paying EMIs without possession. My friend faced this with their project near Mullanpur Garibdass, it was delayed by almost 2 years. Make sure to check their RERA completion dates for *this* specific project, not just their general reputation. Kya possession date mention ki hai unhone?
Possession date toh 2027 bol rahe hain for Omaxe Saini Majra, but after hearing your story, I'm more worried about them sticking to it. It's such a long wait.
Exactly! This is my biggest fear with CLPs. Builder delays are so common, especially with big projects. What if the project gets stalled for some reason? Then you're paying for nothing and your money is stuck.
95 lakh for a 3BHK in Saini Majra? Bhai, thoda zyada nahi lag raha? Kya amenities de rahe hain jo itna price bol rahe hain?
Amenities toh theek hain, like club, gym, basic stuff. Par location abhi develop ho rahi hai. Price point is high for that area's current stage.
Haan yaar, I agree. New Chandigarh ya Mullanpur mein bhi achhe options mil jaate hain is budget mein, especially for a first-time buyer. Par Omaxe ka naam hai, toh log trust karte hain, maybe that's why the premium.