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Arjun Menon
Pushpak Society: What's its resale market like?
Honestly, I'm finding it tough to get solid ground truth on Pushpak Society in Chandigarh from here in Dubai. I'm considering it for investment, priced around ₹1.96 Cr, but can't do a site inspection myself. What's the resale market actually like there? Is there an active secondary market, or do units sit for long? Also, how's their project delivery track record? I'm worried about legal clarity and needing a reliable property manager for an overseas investment, you know?
#pushpak-society#chandigarh-investment#resale-market#project-delivery#overseas-investor
Comments
For legal clarity, you absolutely need a local lawyer who specializes in real estate, not just an agent. And for property management, finding someone trustworthy is like finding gold. Don't rely on agents for this, they often have vested interests. Get independent references. The current market in Chandigarh is also seeing a lot of new inventory, so older projects like Pushpak might struggle more with resale.
As someone who bought in Chandigarh a few years ago, I can tell you, builder track record is EVERYTHING. Especially for an NRI. I almost went with a project that seemed good on paper but had a reputation for cutting corners and delays. Ended up buying in a different society near Rasulpur, which had a much better reputation, even if it was slightly more expensive. The peace of mind is worth it. What kind of project is Pushpak, like apartments or plots?
It's apartments. And yes, your point about peace of mind is so true. For an overseas investor, it's double the headache if things go wrong. Legal clarity is paramount when you're not on the ground to chase things up.
Pushpak Society is primarily apartments. They have different phases, some are older, some are relatively newer. But the general sentiment about their delivery and maintenance has been consistent across phases, not very positive.
Oh, this is exactly my fear! I'm also a first-time buyer and the thought of legal issues or delays just gives me anxiety. Good to know others have similar concerns.
₹1.96 Cr for Pushpak Society? Is this for a specific configuration? I thought the range was closer to ₹2 Cr. Anyway, the main question for me is the resale market. Is it active, ya units bas baithe rehte hain? From Dubai, liquidity is key for investment.
Exactly! If you're not in India, you need something that moves fast if you decide to sell. Pushpak, from what my agent told me, is not that. Better to look at areas with more development happening right now for investment.
Yes, I checked recently, and the builder is quoting ₹2.0 Cr. It's possible the original poster got a slightly older price. On resale, honestly, it's not great. Many people who bought early are struggling to find buyers at their expected price. Units do sit for a while.
The ₹1.96 Cr might be an older quote or for a smaller unit. Most I've seen recently are indeed around ₹2 Cr. Resale is slow. People prefer newer projects in Mullanpur Garibdass or even some parts of Manimajra for better appreciation and faster sales.
Bhai, Pushpak Society ka naam sunte hi darr lagta hai. My cousin almost invested there a few years back, but pulled out last minute. Their track record for delivery dates is super inconsistent, especially post-pandemic. Aur legal clarity ka toh poochho mat, bahut issues sune hain. ₹1.96 Cr is a big amount, especially when you're buying from abroad. Be extra careful, yaar. What about the property manager part? Finding a reliable one is a whole other headache in Chandigarh.
Yes, I've heard similar things. My uncle was looking at New Chandigarh projects and agents often tried to divert him from Pushpak. The price point is attractive for some, but the headaches might not be worth it for an investor, especially if you're not physically present. Legal due diligence is a must. What specific legal issues have you heard about?
Totally agree. Ek friend ka unit phase 1 mein tha, possession mein do saal ka delay hua. Resale market mein bhi buyers milna mushkil ho gaya tha uske liye. It's not a very liquid asset, from what I've seen.