Premium under-construction projects are overrated investments.
Visited Supertech Aadri and ATS Picturesque Reprieves last week. Honestly, the investment potential of these two projects in Greater Noida is not what most people assume. Everyone glorifies ATS ki premium feel, but nobody talks about the actual ROI when you consider the entry price per sqft. Aadri, being ready-to-move, offers a much better value proposition for a completed asset. ATS ka current price point for an under-construction project, even with its brand, makes me question the 5-year appreciation. I've seen this pattern before; higher initial costs don't always translate to proportionally higher gains. The total cost of ownership for ATS will be significantly higher too. Ready properties have less risk and more predictable rental yield. Change my mind.
Comments
I understand the budget constraints and the appeal of ready-to-move. But isn't there some value in the ATS brand? For resale, a well-known builder's project might fetch a better price, even if the initial ROI isn't spectacular. Also, for under-construction, while there's delay risk, there's also the potential for capital appreciation as construction progresses. With Aadri, the appreciation might be capped since it's already a completed, older project. What about the possession risk for under-construction projects like ATS? Are they usually on time?
My personal experience echoes this. I booked a flat in a 'premium' under-construction project near Ajayabpur a few years back, lured by the pre-launch offers and 'future potential'. The price per sqft was high even then. Fast forward to today, the project is delayed, and similar ready-to-move options in the vicinity, which I initially dismissed as 'older', are now offering better rental yields and have appreciated almost identically, if not more, for a much lower entry cost. The money I've paid in EMIs for an incomplete flat could have generated rent from a completed one. Supertech Aadri, being completed with possession in 2018, definitely has that advantage. RERA number for Aadri isn't available which means it predates RERA, but its completed status means you bypass all those RERA-related construction risks.
Haan bhai, similar experience in Alistonia Estate. Ready properties seem less risky and more practical for us.
That's a very valid point about opportunity cost. So, do you think the Greater Noida market is generally favouring ready properties now? What about resale value in 5 years for a project like Aadri vs. a new 'premium' one?
ATS ka pricing toh out of budget hai for sure for most first-time buyers like me. Aadri sounds like a better deal.
Hmm, I get the point about ready-to-move, but Aadri is from 2018, right? Doesn't that mean it might be showing its age already? Older buildings sometimes have more maintenance issues, plumbing, electrical, etc. What's the current condition like in Supertech Aadri? Anyone visited recently or living there? I'm worried about buying something that might need immediate major repairs.
True, older societies do have higher maintenance sometimes. But at least you know what you're getting into. Nayi societies mein bhi maintenance charges badhte rehte hain.
I visited Aadri last month, and honestly, the common areas are well-maintained. Yes, it's not brand new, but the build quality seems decent for its time. A few flats I saw needed a fresh coat of paint or minor fixes, but nothing major that would deter me. The society is quite active, and the residents' welfare association seems on top of things. Considering its possession was in December 2018, it's had time to settle, and you can clearly assess the actual condition, unlike an under-construction project where it's all projections.
Totally agree with the original post! I've been eyeing properties in Greater Noida for a while now, and the premium for under-construction projects like ATS Picturesque Reprieves just feels unjustified. My budget is tight, and that extra 'brand value' premium at the start just eats into any potential appreciation. Aadri being ready-to-move, even if it's an older project, gives me peace of mind. No construction delays, no RERA headaches, and I can see what I'm paying for. Plus, the rental yield is immediate. It's so hard to calculate ROI when the initial price is already so high for something that isn't even built yet. I'm a first-time buyer, and the risk feels too high.
Exactly! And don't forget the hidden costs. Premium projects ka maintenance, club membership, all that adds up. For a first-time buyer like us, every penny counts. Aadri ka price range bhi seems more realistic for a completed asset.
Bhai, bilkul sahi keh rahe ho! Main bhi Alpha II mein ek project dekh raha tha, same dilemma. Builders promise the moon for under-construction, but then you're stuck for years waiting. And current market conditions, especially with interest rates, make ready properties much more attractive. Who knows what the market will be like in 3-4 years when ATS finally gives possession?