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Naresh Dwivedi
posted on 3 MayResale gains are just a myth in Chandigarh now?
Zirakpur keeps coming up every time I shortlist something. As someone jo real estate mein kaam karta hai, I know what builders don't tell you. I'm looking for a 3BHK, maybe ₹1.5 Cr tak, in areas like Aerocity ya Mohali Sector 69. Everyone glorifies Chandigarh's growth, but honestly, resale market ka kya haal hai? Builders like SBP Group ya Sushma Buildtech ke projects mein exit strategy kya hai? Log bolte hain investment ke liye acha hai, but actual mein kitni jaldi bikta hai aur kitne gain par? Mujhe lagta hai quick flips ab possible nahi hain, it's all about long-term hold for end-use. Change my mind.
#resale-market#chandigarh-investment#mohali#zirakpur#property-resale
Comments
The OP is spot on. Quick flips are definitely a thing of the past in Chandigarh's satellite towns. It's all about long-term hold now, typically 7-10 years, and even then, returns might be moderate, not the double-digit gains we saw a decade ago. For ₹1.5 Cr, instead of a mass-market flat in a huge project, maybe explore a well-built builder floor in a slightly older, established sector of Mohali or even something smaller in Manimajra. End-use buyers are always looking for quality and location, not just amenities.
Has anyone actually checked the RERA filings for these builders? The number of unsold units they declare can give a real picture of the market saturation. I heard from a broker friend that SBP has a massive backlog, that's why they're always pushing new offers.
Discounts are a huge red flag for resale value. Means they're desperate to clear stock.
Bhai, RERA website pe details mil jaati hain, but bahut tedious process hai check karna. But yes, SBP ka inventory bahut zyada hai. That's why they give discounts and freebies, which further devalues the resale price for existing owners. It's a vicious cycle.
The problem with builders like SBP Group and Sushma Buildtech is their sheer volume of inventory. They have so many projects, and so many units in each, that the supply always outstrips demand, especially in the secondary market. My friend bought in Sushma Grande a few years back, and she's been trying to sell it for 8 months now, even after dropping the price slightly. No serious buyers, only tyre-kickers. Exit strategy is definitely a concern with them.
Exactly! Plus, these big societies have huge maintenance charges that keep going up. That's another factor that makes reselling difficult. Buyers compare total cost, not just property price.
Aerocity mein commercial plots aur bigger residential plots ka appreciation hua hai, but flats mein same problem hai. The initial boom is over. For ₹1.5 Cr, in areas like Sector 69 or Aerocity, you're looking at a flat, and for flats, resale is slow. End-use ke liye theek hai, but investment return ke liye bahut patience chahiye.
This inventory issue is real. What about Aerocity itself? Is that area also becoming saturated with too many flats?
Nahi yaar, I think it's not a myth completely. Chandigarh ka growth potential abhi bhi hai, bas right property choose karni padegi. My cousin sold a plot in New Chandigarh last year, got almost 25% profit in 4 years. It's not quick money, but definitely not a myth. Flats vs plots ka difference ho sakta hai.
Wow, 25% in 4 years is still good! Agar plots mein itna mil raha hai, toh flats mein bhi thoda kam sahi, but hoga toh sahi. Is it still possible to get that kind of appreciation in Mullanpur now?
Haan, Mullanpur Garibdass ke paas tha, near the upcoming Medicity. Usne ₹50 lakh mein liya tha, ₹62-63 lakh mein becha. But plot tha, flats ka scenario thoda alag hai. Abhi toh rates utne nahi badh rahe. Plots have more appreciation potential.
Which area in New Chandigarh? Mullanpur side? Aur 25% gain kitne investment par tha?
Totally agree with the OP. Zirakpur mein resale has become a nightmare. I bought a 2BHK there two years ago thinking I could flip it in 3-4 years, but ab toh market itni slow hai ki client milna mushkil hai. SBP aur Sushma ke projects mein toh aur bhi competition hai, they keep launching new phases. What's the point of investing if exit is so tough?