S
Samaira Arora
Sagar Apartment's price doesn't match its daily life
Visited Sagar Apartment last weekend. The price tag, ₹13 Cr+, is definitely up there, especially with South Delhi luxury prices already climbing. I work in real estate, so I know the marketing spin. They boast about amenities, but I'm wondering about the actual usefulness for daily living. Is the gym always crowded, or the pool actually maintained? What's the society vibe like? Is it genuinely friendly or more of an isolated feel? And honestly, how good are the nearby schools and markets? For such a huge investment, I need real ground reality, not just brochure promises.
#sagar-apartment#new-delhi#luxury-housing#end-user#amenities-quality
Comments
Okay, so a lot of valid points here. On one hand, yes, the price is steep for an old property. The amenities might be renovated but the core structure is from 1975. The society vibe also sounds a bit quiet. But let's not forget the location. South Delhi ka prime location has its own value, irrespective of the building's age. For some, the prestige and connectivity might outweigh the age factor. It's a tough call for a first-time buyer like me, balancing location benefits with practical concerns and future value. It really depends on individual priorities and how much you value the 'South Delhi address' over a modern, newer home elsewhere.
U13, that's a balanced view. Given the price range, are there any other projects or societies in similar prime South Delhi localities that offer better value for money
Let's talk facts here. Sagar Apartment, possession from June 1975. That's almost 50 years old! And total units are 106. For ₹13 Cr – ₹19 Cr, you're paying a premium for location, sure, but what about the actual property depreciation? Builders often play on the 'exclusive South Delhi' tag, but for such an old building, the valuation seems completely off. I'm trying to be practical here, and this just doesn't add up for a first-time buyer like me.
And think about the resale value. If you buy a 50-year-old property now, what will its value be in another 10-15 years? With 106 units, it's not a super exclusive, boutique building either. The market for such old, high-priced apartments might shrink further. This is a huge risk for someone like me who is putting all their savings into this.
U9 makes a very valid point. In today's market, especially post-pandemic, people are looking for newer constructions with modern amenities and layouts that suit work-from-home needs. Older buildings, unless they're heritage or have truly unique value, are becoming harder to justify at these exorbitant prices in Delhi.
U7, the 13 Cr is mostly for the 3BHK units, I checked with a broker. They're usually around 1800-2000 sq ft. U9 is right, for a 1975 construction, even if it's spacious, the price tag is mind-boggling. You're essentially paying for the land value and location, not the building itself.
I can totally relate to the 'society vibe' question. I went to an open house at Sagar Apartment about six months ago. While the flats themselves were decent after renovation, the overall feel was a bit... isolated, as the OP mentioned. It didn't feel like a buzzing community where kids play together or neighbours chit-chat. More like everyone keeps to themselves. For such a big investment, I'd want a lively environment, not just a place to sleep. It just added to my nervousness about buying there.
What about the schools and markets OP mentioned? Are there genuinely good ones nearby, or is it just 'nearby' but not practical?
U8, I felt that too! It's like the common areas are there, but no one really uses them. Maybe because it's an older crowd, or just the way it's always been. For a first-time buyer with a young family, that's a big deal. You want your kids to have friends in the society.
The OP hit the nail on the head. South Delhi mein luxury properties ka tag laga ke kuch bhi price bol dete hain. I was looking at a place in Alaknanda, and even there, the maintenance charges for older societies are through the roof, besides the initial high cost. For Sagar Apartment, with its age, imagine the plumbing or electrical issues that might crop up. It's not just about the upfront cost, but the hidden costs too. As a first-timer, this is a huge concern for my budget.
Is that 13 Cr for a 2BHK or 3BHK? What's the typical size they are offering for this price range?
U5, you're so right about maintenance. My uncle lives in an old society in Green Park, and every few years there's a huge assessment for major repairs. For a 13 Cr property, you don't want to be shelling out lakhs every now and then for basic infrastructure fixes. It's a never-ending money pit sometimes.
Totally agree with the original post! ₹13 Cr+ for Sagar Apartment sounds insane, especially when you think about what else you can get in that budget. South Delhi mein prices waise hi out of control hain, but for an older building, it just doesn't sit right. Amenities ka dikhawa toh sab karte hain, but real use kitna hota hai, that's the question. I'm also a first-time buyer and this kind of pricing makes me so nervous.
U3, I visited last year. They have done some upgrades, but the underlying structure and layout definitely feel old-school. It's like putting a new engine in a vintage car, it runs better but it's still a vintage car. For that price, I'd expect something purpose-built for modern living.
Exactly! 1975? Toh kya unki gym equipment aur pool modern hoga? Ya bas lipstick laga di hai puraane structure pe?
Bhai, true that. Plus, Sagar Apartment ka possession date 1975 ka hai. It's an old property, no matter how much they renovate.