G
Ganesh Bhattacharya
posted on 11 MaySattva Lake Ridge: Timelines just don't add up.
RERA was supposed to stop builder delays, right? Sattva Lake Ridge's timeline feels pushed. My parents keep saying new projects are always late. Anyone else worried about their promised possession?
#sattva-lake-ridge#builder-delay#rera-status#possession-timeline#first-time-buyer
Comments
That's a good point, U10. But for a first-time buyer, this uncertainty is a huge financial risk. Given the current per sqft rates in that area, are we paying a premium for a potential delay? What if the market corrects, and we are stuck with a delayed project at yesterday's high price? Bahut sochne wali baat hai.
Exactly. So, considering all this, toh finally kya plan hai sabka? Book karein ya wait karein for ready-to-move options, bhale hi thoda expensive ho?
U12, that's the million-dollar question. It's always a gamble with upcoming projects. Best bet is to check their past projects' actual delivery timelines versus promised ones, especially for similar scale. Also, try to negotiate a strong delay clause in your agreement if you decide to go ahead. Don't rely solely on RERA; having a clear clause helps a lot.
I heard Sattva is generally a reputed builder, maybe they are just being conservative with the 2028 date? Perhaps they plan to deliver earlier. A friend bought a commercial space from them and it was delivered on time. So, not all their projects are delayed.
This whole 'Upcoming' status and then a 2028 date is a classic move. They get bookings, use the money, and then construction me delays. Ek relative ne Ameerpet mein ek builder se liya tha, 3 saal late ho gaya project. Abhi tak possession nahi mila. Hum sab first-time buyers hain, humein toh bas time pe ghar chahiye, ye builders kyu samajhte nahi?
U9, yes, you can file a complaint with RERA. If the builder delays beyond the RERA-registered possession date without valid reasons, you can claim compensation for every month of delay, or even withdraw from the project and get your money back with interest. But the process can be lengthy and frustrating. It's not a magic bullet, but it's the strongest tool we have.
Toh agar delay hua toh kya kar sakte hain legally? RERA mein complaint karne se kuch hota bhi hai?
True, market conditions bhi aise hain ki har koi jaldi ghar lena chahta hai before prices shoot up even more. But delays make everything so uncertain. Property rates in Hyderabad are already so high, we can't afford to keep paying EMIs and rent simultaneously for years.
Mujhe bhi yahi doubt hai. RERA website pe details kya hain? Iska RERA registration number kya hai? Kya unhone 2028 date hi officially file ki hai? Because agar wo date bhi miss ho gayi toh kya fayda.
Honestly, 2028 sounds like a dream. My friend booked in a different Sattva project in Gachibowli a few years back, and that got delayed by almost 1.5 years. So, I wouldn't hold my breath for this one. Better to be realistic.
Yes, U4, RERA website pe 2028-01-01 hi mentioned hai for possession for Sattva Lake Ridge. Status 'Upcoming' dikha raha hai, which means construction hasn't even properly started yet. For 897 units, that's a tight deadline. I've seen projects in Banjara Hills with fewer units still get delayed by years. Is it just me or is this the new normal in Hyderabad real estate?
RERA was supposed to stop builder delays, right? Sattva Lake Ridge's timeline feels pushed. My parents keep saying new projects are always late, aur ab toh main bhi darr raha hoon. Possession date 2028-01-01 dikha rahe hain, but 897 units hain. Itna bada project kya time pe complete hoga? Anyone else worried about their promised possession?
Haan yaar, same feeling. Sattva ka track record bhi mixed reviews wala hai. 2028 seems too optimistic for such a massive project.
Totally agree with you, bhai. RERA is there, but builders still find ways. My cousin booked a flat near Attapur, possession was supposed to be last year, abhi tak sirf structure bana hai. They keep giving excuses. So yes, I'm super worried about Lake Ridge too.