R
Rajesh Garg
Shagun City Center: Investment potential kitna hai?
Since late last year, Shagun City Center has been on my radar. ₹52.50 L ka price point hai for an upcoming project. Builder ka track record kaisa hai, especially for timely delivery? I'm looking purely from an investment POV. Iski pre-launch pricing kya thi? Matlab, current rates pe kitna upside potential dikh raha hai? 5 saal mein exit strategy ke liye resale market kitna liquid hoga? From my experience, upcoming projects mein calculated risk lena padta hai. Not sure if this one will give the expected ROI.
#shagun-city-center#investment#roi-potential#under-construction#resale-value
Comments
It seems like a high-risk, potentially low-reward scenario here. The long possession date, the builder's reputation, and the fixed price point make it less attractive for pure investment. If you're serious about a 5-year exit, better to look at projects with possession within 1-2 years or even resale properties in developed areas for quicker liquidity. The upside potential might be limited. The initial poster asked about the pre-launch price, does anyone have an idea?
From what I recall, it was somewhere around ₹45-47 L in late 2023 when they were doing early bird offers. So, a ₹5-7 L jump already. But remember, builders add a lot of hidden charges later on, so the initial 'profit' often gets eaten up. Don't just look at the base price.
Yeah, that's what I was wondering too! What was the pre-launch price? That'll tell us if there's any immediate appreciation.
My personal experience tells me to be super careful with upcoming projects, especially if the builder doesn't have a pristine record. I booked a flat in Alpha I Greater Noida a few years back, and even though it was a reputed builder, I still faced a 1.5-year delay. The promised appreciation didn't materialize because of the delay and new projects coming up. ₹52.50 L seems like a lot for a project with potential delivery issues and a distant possession date. For that price, you could look at some ready-to-move options in slightly older, but established societies.
Okay, let's look at some facts. Shagun City Center is an upcoming project, RERA number UPRERAPRJ351670/07/2024. Possession date is 2029-04-11, and it has 130 units. The price range is ₹53 L – ₹53 L, which means it's pretty much a fixed price. For an investment, a possession date so far off (almost 5 years from now!) is a huge risk, especially at this price point. What if the market dips or the builder delays further?
Exactly! In the current Noida market, where inventory is high and interest rates are fluctuating, such a long possession period is a big gamble. Resale market for projects with such extended timelines is usually not very liquid either. You might struggle to find a buyer later.
2029? That's like ages away! My capital will be locked for so long. Is it even worth it?
Builder ka track record? Bhai, I've heard mixed reviews for this one. My friend had booked a flat with them a few years back in Alpha II. They faced significant delays, almost 3 years extra. Eventually, the quality wasn't what was promised either. For an investment, timely delivery is paramount, otherwise, your capital gets stuck. I'd be very cautious before putting my money in here, especially if you're looking for a 5-year exit.
Oh no, that's concerning! Given these issues, is their RERA number even active and clear? Kisi ne check kiya hai?
Sahi keh rahe ho. Mera bhi ek cousin ka experience kharab raha hai with this builder. They are known for over-promising and under-delivering. Resale value bhi affected hoti hai aise projects ki.
Yaar, I've also been eyeing Shagun City Center! The location seems decent, but ₹52.50 L for an upcoming project feels a bit steep, no? Especially when possession is so far away. I'm a first-time buyer so budget is a huge constraint. What are others thinking about this price point?
Price to theek hai, but upcoming projects mein builder ka track record dekhna bahut zaroori hai. Many times, they delay possession for years. Have you checked their RERA status and past projects? That's usually a good indicator.
Totally agree. ₹52.50 L is a lot for something that's not even built yet. Nearby areas like Ajayabpur mein bhi options mil jaate hain isse kam mein.
Shagun City Center: Investment potential kitna hai? Since late last year, Shagun City Center has been on my radar. ₹52.50 L ka price point hai for an upcoming project. Builder ka track record kaisa hai, especially for timely delivery? I'm looking purely from an investment POV. Iski pre-launch pricing kya thi? Matlab, current rates pe kitna upside potential dikh raha hai? 5 saal mein exit strategy ke liye resale market kitna liquid hoga? From my experience, upcoming projects mein calculated risk lena padta hai. Not sure if this one will give the expected ROI.