Shiv Homes 1 in Noida Extension: What does 'N/A RERA' mean for a completed project?
Hey everyone, I've been looking into Shiv Homes 1 in Noida Extension as a potential homebuyer and wanted to share some thoughts, especially concerning its regulatory standing. The project is listed as COMPLETED, which is often a plus, offering immediate possession. The pricing at ₹16.23 L – ₹17.88 L, with an average of ₹2750/Sqft, seems quite attractive for the area. Shiv Shankar Buildcon Pvt Ltd, established in 2005, has a history of 4 projects and claims customer-centricity, which is good to know. Noida Extension also offers decent connectivity for daily living. However, the big point of concern for Shiv Homes 1 is the RERA status: it's listed as N/A. For a completed project, this raises significant questions about its legal compliance and buyer protection. Without RERA registration, buyers might lack the standard legal recourse and regulatory safety that RERA provides, such as clear timelines, quality assurance, and dispute resolution mechanisms. While the project is finished, the absence of RERA details could imply it predates RERA or has somehow bypassed its requirements. This makes me pause, even with the appealing price and the builder's stated experience. My take: While the price point and 'COMPLETED' status are enticing, the N/A RERA status for Shiv Homes 1 presents a significant risk. Buyers should proceed with extreme caution, thoroughly verifying all legal documents and seeking independent counsel before considering this property. The lack of regulatory oversight is a serious concern for long-term peace of mind.
Comments
Sahi keh rahe ho. Completed projects mein RERA N/A ka matlab aksar ye hota hai ki project RERA act aane se pehle ban gaya tha. But the builder having zero other projects is a huge concern. Kahi future mein koi issue ho toh kaun responsibility lega? This is a lot of money for us first-time buyers. I'd rather pay a little more for peace of mind, maybe in Alistonia Estate.
I think the key here is 'completed'. If it's truly completed and ready for possession, then the RERA N/A might not be as big a deal as for an under-construction project. But still, legal verification is a must. Especially in today's market, where property rates are fluctuating, being extra careful is wise.
Mere dost ne Noida Extension mein hi ek flat liya tha, 2014 mein. Uska bhi RERA N/A tha, but builder ka reputation accha tha. Uska toh sab theek hai. Toh maybe Shiv Homes 1 mein bhi sab theek ho? But zero projects wali baat ne toh dimaag kharab kar diya hai.
Maine bhi Shiv Homes 1 dekha tha. Location theek hai, especially for people working near Alpha I Greater Noida. But jab pata chala ki builder Shiv Shankar Buildcon ka total projects 0 hain, toh main toh peeche hatt gaya. Kaise trust karein aise builder pe, bhale hi completed ho?
Zero projects, that's wild. It's like they just built this one off the books maybe? This is why RERA is so important. Even if it predates RERA, the builder's credibility is a huge question mark. Ajayabpur ke paas bhi kuch projects hain, but unka RERA status clear hai.
Exactly! I also verified the builder's details. Shiv Shankar Buildcon ka koi verified project history nahi milta RERA pe. Ye bahut risky ho sakta hai. Agar aap first-time buyer ho, toh aise projects se door rehna hi better hai. Budget tight hai toh aur bhi careful rehna padega.
Zero projects? Seriously? Original post mein toh 4 projects likha tha. Yeh toh bahut bada red flag hai! Agar builder ka track record hi nahi hai, toh kal ko koi structural issue aayi ya maintenance ka problem hua toh kahan jayenge? Mere liye toh ye deal-breaker hai.
Yaar, ye price sunke toh dil khush ho gaya! 16-18 Lakhs mein Noida Extension mein completed project, woh bhi immediate possession. Mera budget toh exactly yahin par hai. But RERA N/A sunke thoda darr lag raha hai. Kya itna risk lena chahiye, especially for a first home?
Haan, N/A RERA ka matlab hai ki project RERA act se pehle ka hai ya fir uske scope mein nahi aata. But Shiv Homes 1 ka possession date 2015-12-01 hai. RERA toh 2016 mein aaya tha. Toh technically, it might predate RERA. But still, buyer protection kam ho jaati hai.
Bhai, exactly my thoughts! Price toh killer hai, but RERA ke bina lagta hai ki future mein koi problem na ho jaye. Builders ka bharosa nahi hota. Mere friends ne bhi bola hai ki RERA registered project hi dekho.