P
Priya Krishnan
Ready-to-move is always a safer bet for appreciation, right?
My lease ends in 3 months and I'm really feeling the pressure to buy something solid. After moving into this temporary rental last month, I'm hyper-focused on possession status. I'm torn between IES Officers Apartments (if it's still under-construction) and Parshavnath Apartment, which is ready-to-move. For a 5-year hold, does the immediate possession of Parshavnath offset potential appreciation from IES? What do you all think for New Delhi?
#new-delhi#ies-officers-apartments#parshavnath-apartment#ready-to-move#investment-advice
Comments
This is why I'm so nervous about buying! Information is all over the place. Thanks, U6, for that clear data. So IES is not under-construction. That changes my perspective too, U1. Now it's about comparing two existing properties. What about the total units in IES? Is it a big society or a smaller one?
Yeah, and an older society with 90 units might mean more established residents, but also potentially older infrastructure. Check the plumbing, electricals, and lift condition very carefully in IES. A friend bought an old flat in Aram Bagh and had to spend lakhs on renovations immediately.
IES Officers Apartments has 90 units. It's a decent size, not too small, not too massive. Smaller societies sometimes have better community feel, but less amenities. You need to weigh that against Parshavnath.
Oh, wow, 2003? That's a huge detail! So both are ready-to-move then, essentially. The question now becomes: which one is better maintained, has good facilities, and a strong RWA? Older societies can have maintenance issues and higher charges. Parshavnath being newer might have better amenities. I'd physically visit both. Also, for a 5-year hold, consider the current market in New Delhi. Prices have been quite stable, but good societies always hold value.
IES Officers Apartments? Are you sure that's under construction? I'm pretty certain that project is quite old. My uncle lives near Alaknanda and he mentioned IES was built ages ago. You should double check the possession status. Sometimes agents show old projects as 'under construction' if there are resales.
Wait, 2003? That's like, 20 years old! So it's a resale market only. Price range is 2.0 Cr - 2.7 Cr for an old apartment? Hmm, seems a bit high unless it's a huge flat in a prime location. What's the size you're looking at?
U5 is right. IES Officers Apartments possession date is August 1, 2003. It's definitely not under construction. It's an old, established society. This changes everything for your comparison, U1.
Bhai, ready-to-move is always less headache. I'm also a first-time buyer and the thought of construction delays gives me nightmares. Just get something you can move into, appreciation will follow if the location is good. Under-construction projects are just too risky these days.
But isn't the appreciation potential higher for under-construction? You buy at a lower price and by the time it's ready, the value has gone up. That's what I heard. IES Officers Apartments sounds like a good name, maybe it's in a developing area?
Totally agree with U2! My cousin booked in Anand Vihar five years ago and still waiting for possession. Builder keeps giving new dates. Ready-to-move gives you peace of mind, which is priceless for a first home.
My lease ends in 3 months and I'm really feeling the pressure to buy something solid. After moving into this temporary rental last month, I'm hyper-focused on possession status. I'm torn between IES Officers Apartments (if it's still under-construction) and Parshavnath Apartment, which is ready-to-move. For a 5-year hold, does the immediate possession of Parshavnath offset potential appreciation from IES? What do you all think for New Delhi?