Rahul Mangla's past projects: A major concern for Goyal Luxury Floors?
Did some research on Goyal Luxury Floors By Rahul Mangla and honestly, I'm feeling a bit stuck. I'm currently in a 2BHK in Sector 21, planning to upgrade to a 3BHK, and this project's price point (₹2.65 Cr) is a big commitment. My main worry hai builder ka track record. Suna hai unke pichle projects mein kaafi delays hue hain, aur investors ko bahut wait karna pada. Is it true? I already have an EMI running, can't afford another project stuck in limbo for years. Agar project time pe deliver nahi hua toh mera ROI toh gaya. What's the scene with their past projects in Faridabad? Koi genuine experience share kar sakta hai? Should I even consider this upcoming project with this kind of history? I need some solid advice before making such a big investment.
Comments
Given the history and the RERA status mentioned, I'd say proceed with extreme caution. ₹2.65 Cr is a huge chunk of anyone's savings, especially for a first-time buyer. Maybe look for projects that are already near completion or have a solid track record in terms of delivery and quality.
The current market conditions in Faridabad are also quite competitive. Many good builders are offering projects with clear timelines and RERA. For ₹2.7 Cr, you have other options that might offer more peace of mind. Don't let the 'luxury' tag blind you to the risks.
Totally agree. With interest rates still high, getting stuck with an incomplete project means double EMIs and endless stress. Better to pay a little more for a proven builder or a project that's already RERA approved and has a good reputation.
I can share a personal experience. My uncle booked a flat with them in a different project, thinking the price was a steal. He got possession 3 years late, and the quality was just average, not what was promised. He had to pay EMIs for an incomplete home. Is Goyal Luxury Floors RERA registered? Because the post says 'Not Applicable' which is a red flag for an upcoming project, especially at this price point.
The 'Not Applicable' for RERA is indeed concerning for Goyal Luxury Floors. Usually, projects need RERA approval to even start marketing. This could mean they are still in early stages or trying to bypass regulations. Definitely ask for the RERA status directly before even considering it.
You're right about the RERA part! For an upcoming project with a 2026 possession, it absolutely should be RERA registered. 'Not Applicable' is very suspicious. It means they haven't applied or it's not approved yet, which can cause major issues later. This needs to be clarified by the builder.
But the location of Goyal Luxury Floors is really premium, right? Aur luxury segment mein itne kam units (only 4) toh exclusivity bhi hai. Maybe this time they'll focus more on timely delivery?
Bhai, you're not alone with this worry. Rahul Mangla ka track record toh sach mein mixed reviews wala hai. I remember one project near Sector 35, it was supposed to be delivered in 2020 but got delayed by almost two years. Bahut suni hain aisi stories.
Haan, I've heard similar things about their projects in Faridabad. The possession date of 2026-04-01 for Goyal Luxury Floors sounds good on paper, but past experience makes you doubt. What if it gets pushed to 2028? Then what?
Exactly! Mere ek friend ne bhi ek project mein invest kiya tha unka, RERA registry bhi thi but still delays hue. It's so frustrating for first-time buyers like us. ₹2.65 Cr is a huge amount to risk.