Presidency Presithum Phase II: My Analysis on RERA, Compliance, and Investor Appeal
Fellow investors, I've been looking into Presidency Presithum Phase II in Noida, and here's a quick rundown of what stands out from an investor's perspective, especially regarding safety and compliance. The good news first: the project is listed as COMPLETED, which immediately de-risks it significantly for buyers compared to under-construction properties. Its RERA registration, UPRERAPRJ17502, provides a strong layer of regulatory safety and buyer protection. This means the project has met the necessary legal compliance benchmarks set by the authority, offering transparency and accountability. With 6.58 acres of project area, it's a sizable development. From a financial standpoint, the price range of ₹82.55 L – ₹1.20 Cr with an average price per square foot of ₹10900 positions it for a certain segment. Its location in Sector 132, along the Noida-Greater Noida Expressway, is a key driver for potential capital appreciation. Excellent connectivity to Delhi, Faridabad, and Gurgaon, plus the upcoming Jewar International Airport, could positively influence future ROI. For those prioritizing regulatory safety and a completed asset with good connectivity, Presidency Presithum Phase II looks like a well-vetted option.
Comments
Okay, so I did some digging. The RERA status shows 'Project Completed' and the possession date as 29-06-2024. This means the project itself is structurally complete and has received necessary clearances (like OC), but individual unit handovers and final fit-outs might still be ongoing till June. So yes, it's 'completed' in the RERA sense, but not necessarily 'ready for immediate move-in' for everyone. It's a fine line builders use. Always verify during site visit and check the exact status of the unit you're interested in.
I'm looking for a 2BHK and the price range is making me nervous. ₹83 L for a 2BHK in a 'completed' project? That's quite a bit. Does anyone know if there are hidden charges or maintenance costs that can inflate this further? Builders often surprise you with those.
RERA UPRERAPRJ17502 is definitely a relief. That's the first thing I check now after getting burned by a non-RERA project in Ajayabpur. Transparency is key. At least you know there's some recourse if things go south. But it doesn't guarantee everything is perfect, just that there's a framework.
The location in Sector 132 along Noida-Greater Noida Expressway is definitely a plus. Connectivity to Delhi and the upcoming Jewar Airport is a big draw for future appreciation. For an investment, this seems like a decent bet, especially since it's not under-construction. Price range ₹83 L – ₹1.2 Cr also feels competitive for a completed project in that area, considering current market trends.
U4, U5, while location is good, always check the actual build quality. Mere ek friend ne ek 'completed' project liya tha, baad mein bahut issues aaye quality ke. And with 348 units, the builder Presidency Infraheights Pvt Ltd ka track record dekhna padega. Koi reviews hai kya inke previous projects ke?
U4, I agree on the location. Sector 132 has been developing fast. But the average price per sq ft at ₹10900 is on the higher side for a first-time buyer like me. Budget mein thoda tight ho jayega. Is it worth stretching for?
Thanks for this analysis! Presidency Presithum Phase II sounds good on paper, especially the 'completed' status. But with the possession date shown as June 2024, is it *really* completed? Builders often play with these terms. I'm a first-time buyer and super nervous about delays. Kya sach mein ready to move hai?
U1, U2, you both have a valid point. Usually, 'completed' means OC/CC mil gaya hai. But if possession is in June, maybe interior work pending or just registration formalities? This is a common tactic. My cousin faced something similar with a project near Alpha I Greater Noida, listed as completed but wasn't fully ready.
Exactly my thought! U1. 'Completed' aur 'possession date' June 2024, yeh thoda confusing hai. RERA registration toh achha hai, but I've heard stories even with RERA projects. Koi site visit kiya hai kya?