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Abhishek Patel
Prateek Grand Begonia appreciation is a myth, change my mind.
Is Prateek Grand Begonia Phase I ka appreciation potential just marketing hype? Honestly, ₹1.29 Cr to ₹2.65 Cr is a big jump for Ghaziabad, especially for an under-construction project. Builder ke delivery track record pe kitna trust kar sakte hain? I've heard stories about delays, aur ye Phase I hai... will they actually stick to the timelines? My main concern is the investor ratio. Agar zyada investors hain, toh kya resale market liquid rahegi? Aur rental yields bhi affect honge na? Koi bolta hai Ghaziabad mein double-digit appreciation milega, but I'm just not seeing it for these prices. Lagta hai end-user market ko ignore kar rahe hain. Change my mind.
#ghaziabad#prateek-grand-begonia#roi-potential#under-construction#investor-risk
Comments
But Prateek Group ka naam toh hai na thoda?
I was looking at options in Abhay Khand too, but the prices for Begonia are just not making sense. ₹1.3 Cr for an entry-level unit in Ghaziabad, that too under-construction till 2029? Mera budget toh itna allow nahi karta. It feels like they're pricing it for a much more developed area. Is it worth stretching for this, considering the risks and the long wait for possession, especially when there are other ready-to-move options available for slightly less in other parts of Ghaziabad?
This is exactly my fear. I went to their site last month near Ahinsa Khand II, and the sales exec was pushing 'investment potential' really hard. It felt like they're targeting investors more than actual end-users. If most units (1092 units total, that's a lot!) go to investors, then when it comes to resale, everyone will be trying to exit at the same time. That'll crash prices, right? And rental yields? Forget about it, supply will be too high. Is this a common issue in Ghaziabad projects lately?
This is a big concern for the current market conditions in Ghaziabad. Property prices have seen some uptick, but that's largely due to increased material costs and land acquisition, not necessarily organic demand from end-users for such high-ticket items. If investors dominate, the market becomes speculative, not sustainable. And yes, it's a common issue, especially in areas where connectivity is still developing.
Rental yields toh bhool jao. Itne units mein competition high hoga. Rents will be depressed.
You're absolutely right about the investor ratio. I've seen this happen in many projects in Noida Extension. Jab sabko exit karna hota hai, tab price war start ho jaati hai. Liquidity bilkul nahi rehti.
Yaar, Prateek ka track record toh sabko pata hai. Mere dost ne bhi Prateek The Grand City mein book kiya tha, 2 saal late mila. Begonia ka 2029 possession date hai, pata nahi kitna aur kheechenge. RERA number UPRERAPRJ790651/09/2024 hai, but kya RERA bhi kuch kar paata hai delays mein?
Yes, RERA can help with legal recourse, but it won't magically speed up construction. The possession date is 2029-06-10. For an ongoing project, that's a long wait. Any delay means you're stuck for even longer. Think about it.
Exactly! My cousin had a similar experience with another builder in Indirapuram, near Achchheja. They paid the penalty, but the mental stress and extra rent for two years was unbearable. RERA is good for documentation, but actual delivery is a different ball game.
RERA numbers bas formality hain bhai. Builder ko penalty lagti hai, but possession toh late hi milta hai.
Totally agree with the post! ₹2.65 Cr for Ghaziabad is just too much, especially with that possession date. Builder pe bharosa nahi hota yaar.