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Shivani Verma
posted on 13 MayPost-possession snags: My biggest investor fear
The real impact of post-possession snag lists is what's really bothering me right now. I'm eyeing Prakash The Hallmark Wings D E F for an investment, but heard stories about initial quality issues. Does poor construction quality, like persistent seepage or fitting problems, seriously hurt resale value later? I'm worried about tenant complaints and ongoing maintenance eating into profits. And what about promised amenities like security systems or fair parking? If they're not delivered well, does that make it harder to attract good tenants or sell the flat at a premium? Any investor experiences here would be super helpful.
#investor-perspective#snag-list#prakash-the-hallmark-wings#resale-value#amenity-delivery
Comments
It's a tough call for first-time buyers like us. While snags are a real concern and can affect resale, an upcoming project like Prakash The Hallmark Wings might offer appreciation if the location develops well by 2029. But the risk of quality issues at this price point is
My cousin invested in a project near Akurdi a few years back, not Prakash, but a similar situation. They promised a swimming pool and gym, but after possession, it was just a half-finished concrete pit and a small room with two old machines. Resale value took a hit because of unmet amenities. For Prakash The Hallmark Wings, with a 2029 possession, how do you even hold them accountable for amenities promised now, when so much can change in 5 years?
Even with it written, builder toh date extend kar deta hai ya quality compromise. Bahut headache hai yeh sab for us first-time buyers.
That's a common problem! You need to get everything explicitly written in the agreement, not just vague promises. Specifics about the size, type, and quality of amenities should be there. Also, cross-check with the RERA project details; sometimes they have more concrete info listed than the builder's marketing material.
I actually did some research on Prakash The Hallmark Wings D E F. RERA number PM1261012500286 is there, which is a relief, but 158 units is a big project. My friend booked in another project by them in Ambegaon, and had major issues with common area maintenance and parking allocation post-possession. The price range ₹63 L – ₹98 L is quite high for an 'upcoming' project with these potential risks. How do we really verify builder claims and construction quality before possession, especially for a project so far out?
Haan bhai, RERA complaints check karna bahut important hai. Saved me from a bad deal once near Amanora Park Town. Don't just trust the sales team.
Totally agree about verifying claims. Builder brochures are always glossy, but real site visits to their completed projects and talking to existing residents is key. For Ambegaon, I heard similar stories about common areas. You can also check RERA complaints history for their past projects, that often gives a good indication of recurring issues.
Exactly my fear! I’m looking at properties around Sinhagad Road too, and the quality difference between show flat and actual delivery is shocking sometimes. Snags like seepage are costly to fix later. Is this builder known for such issues specifically?
Yaar, Prakash Group ka track record toh mixed suna hai. Especially for an upcoming project like Hallmark Wings, the 2029 possession date feels so far. Kya guarantee hai quality ki when it's so far off?