Panchsheel Apartment delays are killing my ROI.
Panchsheel Apartment — I'm honestly so frustrated with the constant delays on this project. Booked my unit almost three years ago, expecting possession by last year end, but we're still waiting. They just keep pushing dates, citing RERA extensions and other excuses. My ₹80L investment is just stuck, not generating any income. I was counting on at least a 4-5% rental yield and some decent capital appreciation. This directly impacts my calculated ROI, you know? What's the actual resale market like for delayed projects in Ghaziabad? Is there even a liquid secondary market for these units, or are we just stuck holding? I'm worried about the long-term wealth creation here. Has anyone faced similar issues with this builder or found a way to exit profitably?
Comments
Resale market for delayed projects in Ghaziabad is generally very tough. Buyers are wary, and banks are hesitant to finance. You might have to sell at a discount, if at all. Try to find out the exact RERA status and any legal cases against the builder. Sometimes, joining a buyer's association helps in negotiating with the builder. Don't lose hope, but be realistic.
Yaar, yehi reason hai main sirf ready-to-move-in projects dekh raha hoon. Pre-leased or under-construction mein bahut risk hai. Ghaziabad mein kaafi builders ka record kharab hai, especially smaller ones. Your 80L investment is a huge sum, I can understand your frustration. 4-5% rental yield toh abhi market mein achhe projects mein bhi mushkil hai.
Ready-to-move-in mein prices bahut high hote hain, that's the problem for budget-conscious buyers. But yes, the peace of mind is worth something. Kitne percent extra pay karna padta hai ready-to-move-in ke liye roughly? Main bhi soch raha hoon, Achchheja mein kuch options dekhne hain.
I was looking at properties near Achchheja, and Panchsheel ka ek plot project bhi tha. Builder reputation is key. Agar itna delay hai, toh it's better to cut your losses if possible. Capital appreciation toh door ki baat hai, yahan toh capital preservation ka issue hai. Is there any group forming for this project? Maybe a collective legal action?
Panchsheel Apartment, 2004-10-01 possession date dikha raha hai online. Agar yeh wahi project hai toh aapne 3 saal pehle book kiya matlab aapne bahut hi delayed project mein investment kiya? Ya yeh koi aur phase hai? Confirmed data hai kya aapke paas?
Haan, U4, yehi toh main bhi soch raha tha. Agar 2004 ka possession hai, toh woh project abhi tak complete nahi hua? OP ne booking ke time builder se kya commitments li thi? Yeh toh bahut serious issue hai, especially for first-time buyers like us.
2004? That's almost 20 years ago! Yaar, agar yeh sach hai toh OP ne toh bahut hi risky move le liya. RERA extension bhi itne saal ka nahi hota. Ismein toh legal advice leni padegi. Mera toh budget 70L ka hai, aise news sunke aur darr lag raha hai.
Bhai, Panchsheel Apartment mein delays? Yeh toh common story ho gayi hai Ghaziabad mein. Meri bhi ₹65L ki investment फस गई है ek project mein Abhay Khand mein, builder ne bola tha 2 saal mein possession, ab 4 saal ho gaye. RERA ka naam leke date pe date de rahe hain. Aapka toh 80L hai, bahut badi amount hai yaar. Resale market mein aise projects ka haal bura hi hota hai.
Exactly! Mera bhi same haal hai. Panchsheel ka naam sunke laga tha trusted hoga, but yeh toh sab ek jaise hi hain. ROI ki toh baat hi chhod do, principal amount bhi wapas mil jaye toh badi baat hai. Koi solution mila kya aapko, Abhay Khand wale project mein?