Who is the developer of Prateek Grand City?
Prateek Grand City is developed by Prateek Group, a reputed real estate developer known for quality construction. The project in Siddharth Vihar, Ghaziabad offers 2 BHK from ₹0.92 Cr, 2 BHK from ₹1.16 Cr, 3 BHK from ₹1.66 Cr, 3 BHK from ₹1.9 Cr and is RERA registered under number UPRERAPRJ723.
What is the total cost of owning a flat in Prateek Grand City?
Beyond the base price starting at ₹92.4 L, budget for GST (5%), stamp duty, registration, car parking, and maintenance deposit. Your total cost at Prateek Grand City for 2 BHK from ₹0.92 Cr, 2 BHK from ₹1.16 Cr, 3 BHK from ₹1.66 Cr, 3 BHK from ₹1.9 Cr will typically be 15–20% above the base price.
What is the RERA number of Prateek Grand City?
The RERA registration number for Prateek Grand City by Prateek Group is UPRERAPRJ723. You can verify the project status, approved plans, and developer credentials directly on the official state RERA website.
Is it safe to book Prateek Grand City if it is under construction?
Yes, with RERA registration UPRERAPRJ723, booking an under-construction unit at Prateek Grand City is well-protected. RERA mandates that 70% of collections are held in an escrow account used only for construction of Prateek Grand City.
Does Prateek Grand City have green and sustainable features?
Prateek Grand City by Prateek Group incorporates eco-friendly features across its 22.72 acres development in Siddharth Vihar. The project's amenities include Changing Room, Gazebo, Spa, Skating Rink, Vastu Compliant, and more along with rainwater harvesting, waste management, and energy-efficient building standards.
Comments
Honestly, after reading all this, I'm getting more nervous. My budget is tight, and I really can't afford a property that won't give me a decent exit option later. Should I look at smaller societies or maybe a different locality altogether, like Afzalpur, where prices are lower but growth potential might be there?
Kisi ne RERA number UPRERAPRJ723 check kiya hai? Builder ke past projects ka kya record hai? Kya is project mein koi major delays the possession mein? Because if they delayed this one, it impacts resale value a lot, people get cautious.
I heard there were some initial delays, but they managed to give possession around the stated date of 2020-06-30, maybe a few months here and there for some towers. But the maintenance charges are quite high, which affects resale appeal for budget-conscious buyers.
RERA details toh sahi hain, project registered hai. But delays toh almost har project mein hote hain thode bahut. Main concern quality aur amenities ka hai. Kya builder ne sab promised facilities deliver ki hain ya sirf showpiece hai?
My broker told me that early investors, especially those who bought during the launch, did get some appreciation, but nothing like a 2x or 3x return. It's more like 15-20% over 5-6 years. That's barely beating inflation sometimes. For a first-time buyer like me, it doesn't sound very encouraging.
I agree with U1. My biggest fear is liquidity. What if I need to sell urgently after 5-7 years and there are no buyers? The project has 4541 units, that's a huge supply. Does anyone have actual data on how many units are currently on resale and at what price points? The initial price range of ₹92 L – ₹2.2 Cr was quite broad.
Haan, aur Ghaziabad mein current market conditions bhi slow hain. Inflation aur interest rates ki wajah se log abhi thoda wait-and-watch mode mein hain. Isliye resale mein liquidity aur bhi mushkil ho sakti hai. I'm looking at Ahinsa Khand 1, wahan bhi yehi haal hai.
Sahi baat hai. Jab supply itni zyada ho, toh buyer ko options bahut milte hain, aur seller ko price negotiate karna padta hai. I checked MagicBricks, there are quite a few listings. Prices are hovering around the initial purchase price, maybe a slight increase, but nothing spectacular for a 4-year-old project.
Exactly my thoughts yaar! Prateek Grand City mein investment ka soch raha tha, but resale market ka kya scene hai, samjh nahi aa raha. 5 saal baad exit strategy important hai, kahin paisa block na ho jaaye. Builder ka track record bhi thoda iffy suna hai, time pe possession mila hai kya kisi ko?
Possession mila toh hai, but quality issues bohot hain sunne mein aaya hai. Aur resale mein jo units dikh rahe hain, unki prices dekh ke lagta nahi ki early investors ko accha ROI mila hoga. Mera ek friend Achchheja mein dekh raha tha, wahan bhi same problem.
Bhai, possession date toh 2020-06-30 thi na? Toh time pe hi mila hoga mostly. But main concern capital appreciation ka hai, Ghaziabad mein kya rates chal rahe hain abhi? Especially Abhay Khand area mein, wahan toh thodi movement dikhi hai.