S
Sarita Agarwal
Signature Global Park 1 delivery timeline is a gamble
Did a site visit to Signature Global Park 1 on Saturday and honestly, construction pace looks okay for an ongoing project. I work in real estate, but buying for myself is different, you know? I know builders don't always tell you the full story. SG ka delivery track record, especially for affordable segments, has been decent usually, but I'm looking for ground reality. Has anyone invested in their other under-construction projects in Gurgaon? Kitna delay expect kar sakte hain? Also, pre-launch rates se abhi ka price jump kitna hai? My budget is around ₹78L for a 2BHK. Is this still a good entry point for decent capital appreciation? Lagta hai investor ratio high hai, which makes me think about rental yields and future resale liquidity.
#gurgaon#signature-global#under-construction#investor#project-delivery
Comments
OP, you mentioned pre-launch prices. What was the jump like? I'm worried I'm entering too late and won't see much capital appreciation. My budget is ₹75L, so ₹78L is already pushing it for a 2BHK.
Honestly, ₹78L for a 2BHK is a stretch for my budget, but I'm seeing prices go up everywhere in Gurugram. My friend booked a flat in Basai and the builder delayed it by 2 years, had to fight for compensation. Is SG known for giving compensation for delays? Or is it just 'take it or leave it' for first-time buyers like us?
U4, ₹78L for a 2BHK in that area is definitely on the higher side now. Pre-launch mein toh kaafi sasta tha, around ₹60-65L. Current market conditions are pushing prices up daily, so it's a tough call if you're looking for quick appreciation.
Signature Global Park 1 ki location bahut sahi hai. Connectivity acchi hai and price point bhi theek lag raha hai. I'm positive, I think it's a good investment for a first-time buyer.
SG ka naam sunke hi darr lagta hai. My cousin got stuck in one of their affordable housing projects near Baliawas, took forever to get possession. Is their RERA compliance good for Park 1? Koi batao kitna delay actual mein expect karna chahiye?
Not always U2! My relative booked in SG's sector 84 project and got possession almost on time. It really depends on the specific project and their financial health at that time. Park 1 seems like a good location near Badshahpur, which might help.
U2, RERA number is GGM/494/226/2021/62. Compliance toh dikhta hai but actual construction speed par depend karta hai. Expect at least 6-9 months delay, that's the norm these days in Gurugram, especially for projects in this price range. Builders usually have some buffer built-in.
OP, I'm also eyeing Signature Global Park 1. ₹78L for a 2BHK sounds okay but I'm so worried about delays. My friend booked in Baharampur Naya and got possession 1.5 years late. Is SG really reliable with their timelines? Also, you mentioned a high investor ratio, toh rental yield kitna expect kar sakte hain Gurugram mein for this location?
Exactly U1! I heard SG Park 1 ka initial RERA date was even earlier. GGM/494/226/2021/62 is the RERA for this project. They initially promised possession by mid-2024, now it's Oct 2024. Chhota delay toh already ho chuka hai, so 6-12 months extra is a safe bet.
U1, totally understand your worry! Baharampur Naya mein delays are common. SG ka track record mixed hai, especially post-COVID. Rental yield Gurugram mein depends a lot on location and amenities. Airport Road ke paas toh accha mil jaata hai, but Park 1 is a bit further, so might be moderate.