Shri Radha Sky Park: Investor heavy ya end-user?
₹78L for a 2BHK at Shri Radha Sky Park? Honestly, I feel like investor ratio yahan bahut zyada hai. Resale market mein liquidity ka issue toh nahi aayega? Koi bolta nahi, but ghost societies mein appreciation slow hoti hai. Change my mind.
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Bhai, 960 units is a massive number for any project, especially with the current market conditions in Noida where demand is still recovering slowly. The price range from 44L to 84L also suggests a mixed bag of unit sizes, but for a 2BHK at 78L, it's definitely on the higher side. If a huge chunk of these 960 units are held by investors, the supply in the resale market will always outweigh genuine end-user demand, killing any chance of quick appreciation. This makes me worried about the long-term prospects.
Totally agree with U6 and U9. My biggest mistake was trusting the 'completed' tag over the official RERA possession date mentioned by U2. Always cross-check UPRERAPRJ12851 details carefully. Had I done that earlier for my own property, I might have avoided a lot of headaches regarding delays and unfulfilled promises.
Exactly. And let's not forget the builder's track record. Sometimes these large projects by less-established builders face delays and quality issues. That just adds another layer of risk to an already investor-heavy scenario. No thanks, not worth the headache.
This hits home so hard. I bought a 3BHK in a project near Ajayabpur about 4 years ago, thinking it was a steal. Same situation, high investor-owner ratio. Ab haal ye hai ki society mein amenities chalane ke liye bhi funds nahi hote, aur maintenance charges badhte ja rahe hain. Meri unit ka resale value toh ruk sa gaya hai. Builder ko bhi farak nahi padta jab tak sab units bik na jaayein. Anyone actually living in Shri Radha Sky Park right now? What's the real occupancy like?
I did a site visit last month for a 2BHK, it felt quite empty. Just a few lights on at night, definitely not a vibrant community yet.
Sahi keh rahe ho U5. My cousin's friend lives in one of the completed towers there. He says occupancy is still very low, maybe 20-30% max. Weekends pe thoda rush hota hai, but weekdays pe it feels deserted. So, your point about maintenance and amenities is very valid here, it's a real struggle.
But if investors are buying so much, doesn't it mean they see potential in the area? Maybe rental yields will be good later on, once the infrastructure catches up?
Totally agree with the ghost society point. I've seen this happen in some projects near Alpha II Greater Noida. Investors buy, then just hold, and the community never really forms. Then what's the point of paying so much for amenities if no one uses them? It feels like a trap for first-time buyers.
Exactly my thoughts! 78L for a 2BHK is steep, especially when the RERA possession date for UPRERAPRJ12851 is showing 2030-04-01. They say it's 'completed' but for which phase? This kind of discrepancy makes me super nervous about investing here. Liquidity issue toh pakka hoga if it's not fully delivered as per RERA.
₹78L for a 2BHK at Shri Radha Sky Park? Honestly, I feel like investor ratio yahan bahut zyada hai. Resale market mein liquidity ka issue toh nahi aayega? Koi bolta nahi, but ghost societies mein appreciation slow hoti hai. Change my mind.