Rajkot resale market is the smarter move
Okay I'll be honest — I'm completely lost trying to figure out this upgrade. I'm currently in a 2BHK in Nana Mava and thinking of moving to a 3BHK or a small villa, maybe around Kalawad Road or 150 Feet Ring Road. My budget is around ₹90L, already have a home loan so trying to be smart. I'm looking at new projects but also seeing some resale options around Krishna Kunj. Has anyone bought a 3BHK from the secondary market recently in Rajkot? Is it easier to negotiate prices there compared to new projects from builders like Balaji Group or Swaminarayan Group? I'm worried about hidden costs with resale too, like transfer fees or older legal issues. Also, for new projects, is the floor-rise premium actually worth it? Does it really give you that much more value long term, or is it just a builder trick?
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Has anyone successfully negotiated a good discount on a 3BHK resale recently in Rajkot? What kind of margin can we expect?
Negotiation depends heavily on the seller's urgency. Builders won't budge much, but individual sellers might.
Haan, I managed to get about 5-7% off on a 3BHK in Krishna Kunj last year. It was an older building, but well-maintained. The owner was in a hurry to sell, so that helped a lot. Patience is key!
Rajkot market mein abhi new projects ka craze zyada hai, but resale mein negotiation ka scope hai. Builders toh apni rates pe adhe rehte hain.
Floor-rise premium is definitely a thing. I remember looking at a Balaji Group project near Kalawad Road, and the difference between ground floor and 5th floor was substantial. But the view and natural light were amazing! It's not just a builder trick, sometimes it genuinely adds value, especially if you get a good view or better ventilation. But for a budget of ₹90L, you need to see if that premium eats too much into your main budget.
Dekho bhai, I'd be very careful with resale, especially if you're a first-time buyer. My cousin almost got stuck with a property near Krishna Kunj where the previous owner had some legal dispute pending. It was a nightmare! Always get a thorough legal check done. New projects, even with floor-rise premium, often give you peace of mind with RERA, clear titles, and structured payments. That extra ₹5-10L for peace of mind might be worth it in the long run.
To avoid those legal issues, always get a lawyer specializing in property law. They charge a fee, but it's nothing compared to the headache of a disputed property. Also, check the society's NOC, all utility bill payments, and the age of the building. Sometimes, older buildings need major repairs soon, which is another hidden cost.
Sahi kaha, legal due diligence is key. My friend faced issues with property taxes not being cleared by the previous owner in a resale flat. It became his headache to sort out.
Yaar, you've hit the nail on the head! I'm in the exact same boat, eyeing a 3BHK around 150 Feet Ring Road. Resale sounds tempting because of the immediate possession and potentially lower initial cost, but that fear of hidden costs is real. Builders ke naye projects mein EMI toh fix hoti hai, but resale mein transfer charges, repair cost, sab add ho jaata hai.
But resale properties often have established communities and amenities. New projects mein toh sab shuru se banana padta hai. Plus, you can see what you're buying immediately, no waiting for possession.
Totally agree with you, the hidden costs are a huge worry. Mera bhi yahi thought hai.