R
Rohit Parekh
Saket buyers, are current property rates worth paying now?
Waiting for property prices to correct in South Delhi is a massive mistake. I've been tracking builder floors in Saket around J Block, and asking rates jumped almost 20-25% in just 18 months. Honestly, my parents keep saying wait for a dip, but ab samajh nahi aa raha if it will ever cool down. Even older DDA flats are demanding crazy premiums now... actually wait, registry circle rates don't even reflect ground reality anymore. Is Saket still a sensible buy today or are we entering peak bubble territory? Would love to hear from anyone who negotiated a deal here recently.
#saket#price-trend#first-time-buyer#south-delhi
Comments
Someone suggested looking towards Anand Vihar or East Delhi side for better carpet area within 2 Cr, but commute to Gurgaon office will kill me. Truly stuck between budget and location.
Yes, negotiation happens only if you show ready down-payment proof, but max they budge is 3 to 5 lakhs on token day, nothing massive. We negotiated a builder floor near Saket metro two months back. Final deal settled around 2.85 Cr against 2.95 Cr demand, but honestly legal verification took 40 days because MCD regularisation papers were messy. It is super exhausting for first-time buyers like us. What happened to your negotiation finally, did you make an offer to the seller yet?
Haven't placed the offer yet because family is still split 50-50 on whether to commit. Half the relatives say wait for new master plan clarity, half say buy before next quarter hike. Dil keh raha hai le lo, dimaag keh raha hai wait karo.
Circle rates in Delhi are completely disconnected from ground reality. The government circle rate for Saket category B is around 2.45 lakh per sq metre, but dealers on ground won't even talk below 4.5 lakh per sq metre. Meri toh EMI calculation dekh kar hi neend ud gayi hai honestly. Even a 1% interest rate fluctuation will ruin my monthly budget completely. Is anyone actually managing to negotiate even 5% discount on the table?
Honestly Saket feels too congested now for this kind of pricing. We checked a few DDA flats in Alaknanda last weekend just to compare, and while those buildings are older, the society layout and green space felt so much more peaceful. What specific size floor are you getting quoted in J Block?
Brokers always play that psychological game. My cousin was looking around Anand Niketan initially, got priced out, shifted search to Saket, and faced the exact same pressure tactics. Take a deep breath and verify the chain of title deeds first instead of rushing.
In J Block they are quoting around 3.25 Cr for a 150 sq yd upper ground floor, that too without terrace rights. Dealing with these local brokers is a headache because they claim three other buyers are standing with token cheques. Every visit gives me severe anxiety.
Same dilemma yaar! My father is completely against buying right now, says South Delhi is in a classic bubble. But seeing 200 sq yd builder floors in J block cross 4.5 Cr is giving me massive FOMO. If we wait another year and it touches 5 Cr, I will be priced out forever.
Banks valuation report mein strict cut maar rahe hain bhai. My friend applied for a loan on a Saket floor and SBI valued it almost 35 lakhs below the seller asking price. Baaki cash component ka pressure aa gaya unpar, so they had to drop the deal.
Bhai FOMO mein aake life savings mat phasa dena please. I also panicked last month and almost gave a token for a 3BHK near Paryavaran Complex side, but backed out because the parking space was a total joke. Just tell me one thing, are banks actually approving loans at these inflated asking rates or is the valuation coming lower?