S
Sandeep Patel
Paramount S57 appreciation is already capped, isn't it?
Paramount Luxury Floors S57 mein real capital appreciation kitna expect karein, considering it's already completed? From my experience, completed projects ka upside limited hota hai, unless the location gets a major infra boost. Builder ka delivery track record toh theek lagta hai, but I'm worried about the investor-to-end-user ratio here. Lagta hai kaafi log rental income ke liye hi le rahe hain. Is there a ghost society risk in future? What's the actual CAGR people have seen over 3-5 years? Kahi price stagnant toh nahi ho jayegi?
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Okay, so sab log appreciation ki baat kar rahe hain, and I agree the upside might be limited. But what if we look at it from an end-use perspective combined with rental income? You get immediate possession (since it's completed), no construction delays, and Sector 57 has decent connectivity. Maybe it's not for phenomenal capital appreciation, but for immediate living and a stable rental income if you can find a good tenant. What are the current rental yields people are seeing in similar luxury floors in S57?
Exactly, for end-use it's fine, but investment for appreciation... hmm, not so sure.
Rental yields are decent in S57 if you get a good tenant, like 2-3% on average, but maintenance is high for these luxury floors. And if the society isn't fully occupied, common areas and amenities might suffer, affecting rent too. What kind of rental yield are you seeing people get on the lower end of the range, say for a 2.1 Cr. flat?
One point that's bothering me is the 'RERA Not Applicable' status. For a first-time buyer, RERA provides a lot of protection and transparency. Is it common for completed projects to not have RERA, or should this be a red flag? It just adds to the nervousness.
My friend bought in a similar 'luxury floors' project in Sector 65 two years back, completed project tha. Today, he's struggling to find good tenants, and re-sale value is barely moving. Mostly investors bought there, so the community feel is missing. This investor-to-end-user ratio is crucial. Can anyone who has visited Paramount S57 recently tell us about the actual occupancy percentage? Is it vibrant or does it feel empty?
Haan, same feeling. I went for a site visit too. It was quiet, too quiet.
Good question about occupancy! I visited last month for a site visit, and honestly, it felt pretty empty during the day. Only a few lights on at night for a project that's been complete since 2022. Definitely gives 'ghost society' vibes. Builder sales team just says 'families are moving in gradually', but I don't buy it.
The price range of ₹2.1 Cr – ₹5.0 Cr is already quite steep for a first-time buyer. Given that it's completed, do you guys think there's any room for negotiation on these units? Or are builders just firm on their pricing for ready-to-move properties?
No chance. They'll say it's prime property in S57 and fully developed.
Negotiation is tough, especially for completed projects like Paramount S57. Builder knows demand hai for ready-to-move. But I heard from a broker in Badshahpur that some units are on distress sale because original investors want to exit quickly. You might get lucky if you find one through a good, local agent. But even then, price toh high hi hai, value for money lag nahi raha.
Bhai, ye Paramount Luxury Floors S57 ka appreciation potential sach mein capped lag raha hai. It's already completed with possession date 2022-04-01, and you know, completed projects ka upside limited hota hai. RERA number bhi Not Applicable hai, which is a bit concerning for a first-time buyer like me. Original post mein ghost society risk ka jo point hai, I'm seriously worried about that. Agar investor-to-end-user ratio high hai, toh future mein liquidity issue ho sakta hai. What's the actual CAGR people have seen over 3-5 years? Kahi price stagnant toh nahi ho jayegi?
Haan yaar, I've seen this happen near Airport Road (Gurgaon side). Projects look good but re-sale value is a nightmare if it's mostly investors. Possession date 2022-04-01 toh kaafi time ho gaya, so builder should have some data on occupancy by now. That's the real indicator.
Exactly! My biggest fear is getting stuck with a flat that won't sell later. Ghost society is real, yaar. Dekha hai maine aise projects.