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Ajoy Sen
Ready-to-move premium in Gurgaon feels like overpaying.
Visited Signature Global Roselia and Mahira Homes 104 last weekend. I'm currently in a 2BHK in Sector 62, thinking of upgrading to a 3BHK. Roselia is ready to move but price ₹78L bol rahe hain. Mahira Homes 104, under-construction, is so much cheaper, like ₹25L for a 2BHK. Not sure if the ready-to-move premium for Roselia is worth it. What about the appreciation for such different price points? Is Mahira risky for a 5-year investment compared to a completed project like Roselia, given the builder track record? Already have a home loan, so EMI will be a factor.
#gurgaon#signature-global#mahira-homes#under-construction#investment-potential
Comments
It's a classic situation in Gurgaon. Pay a premium for peace of mind or risk it for a potentially higher but uncertain return. For a first-time buyer, I'd always suggest ready-to-move, even if it means stretching the budget a little. The mental peace of knowing your home is there, built, and you can move in, is priceless. Especially with your existing EMI, any delay in Mahira would financially cripple you. Have you looked at any other completed projects in areas like Baharampur Naya or Baliawas which might be slightly more budget-friendly than Roselia but still ready-to-move?
I understand the dilemma completely. ₹78L for Roselia feels high, but Gurugram market rates have gone up significantly in the last couple of years, especially for ready-to-move properties. Anything decent near the main areas is commanding a premium. Mahira's price is attractive, no doubt, but that builder has a very poor reputation. You should check online for news articles and RERA complaints about them. It's not just a few delays, it's a pattern. Don't fall for the low price trap if it means endless stress.
₹78L for Roselia for a 3BHK in Sector 88A is actually within their stated price range of ₹65L – ₹85L. It's a completed project, possession was June 2021. So you're paying for immediate occupancy and no construction risk. Mahira Homes 104, on the other hand, is under construction and affordable housing, so the price difference is natural. But for appreciation, sometimes these cheaper projects shoot up post-possession if the location develops well. What's the exact location of Mahira 104, is it near any upcoming infrastructure?
I think the appreciation for Roselia will be steadier. Affordable housing projects, even if they appreciate quickly, often have issues with maintenance and resale value later on, especially if the builder has a bad name. Plus, a 2BHK in Mahira vs a 3BHK in Roselia is a big difference in space and lifestyle. Are you sure you want to compromise on that for the price?
The Dwarka Expressway promise is a double-edged sword. It's great for future connectivity, but it's been 'upcoming' for so long. And for affordable housing, developers often cut corners or face financial issues causing massive delays. I personally would lean towards the ready-to-move option, especially since you already have a home loan. EMI for an under-construction project that gets delayed means you're paying rent AND EMI for nothing. Been there, done that, not fun.
Mahira 104 is also in Sector 104, near Dwarka Expressway. That area is supposed to develop a lot but it's still very much under construction. The problem is, with Mahira, there are so many controversies. I heard their other projects in Sector 63 and 95 are facing issues. Is it really worth risking your hard-earned money and peace of mind for that ₹25L price tag? I'm also a first-time buyer and super confused.
Bhai, ₹78L for Roselia is tough to swallow, especially if you're already in Sector 62. The ready-to-move premium is real, but sometimes it saves you from endless construction delays. Mahira ka track record toh sabko pata hai, bahut risky lagta hai. My friend booked with them near Badshahpur and is still waiting for possession, almost two years past the promised date. For a 5-year investment, ready-to-move usually gives peace of mind, even if appreciation is slower initially.
Agree with you both, the builder's reputation is everything in affordable housing. My cousin bought a flat from a lesser-known builder on Airport Road and it's been a nightmare. Continuous delays, then demands for extra money, and now the quality of construction is also questionable. Better to pay a bit more for certainty, especially if EMI is already a factor. You don't want to pay EMI for a house that isn't even built yet.
Exactly! That's my main worry with Mahira. I've heard so many horror stories about affordable housing projects getting stuck. ₹25L sounds tempting but the mental stress of waiting, and then the quality, pata nahi kaisa hoga. Roselia might be expensive but at least you know what you're getting. Plus, the Roselia RERA is 05 OF 2017, GGM/18/2018, so it's been around, completed in 2021. That's a big plus.
Visited Signature Global Roselia and Mahira Homes 104 last weekend. I'm currently in a 2BHK in Sector 62, thinking of upgrading to a 3BHK. Roselia is ready to move but price ₹78L bol rahe hain. Mahira Homes 104, under-construction, is so much cheaper, like ₹25L for a 2BHK. Not sure if the ready-to-move premium for Roselia is worth it. What about the appreciation for such different price points? Is Mahira risky for a 5-year investment compared to a completed project like Roselia, given the builder track record? Already have a home loan, so EMI will be a factor.